AMT - NYSE

American Tower Corporation

American Tower Corporation

AMTยทNYSE

$182.24

-1.8%
Real EstateREIT - Specialty

American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the Earnings Materials and Investor Presentations sections of our investor relations website at www.americantower.com.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$84.90B
EPS5.4000
P/E Ratio33.75
Earnings Date08/04/2026
American Tower Corporation

American Tower Corporation Fair Value Envelope

AMT ยท NYSE

Our analysis suggests that AMT has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $182.24, this represents a potential HIDDEN relative to our calculated worth for American Tower Corporation.

HIDDEN
Intrinsic Value
Current Price: $182.24

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$88.8B
+ Cash & Equivalents$1.5B
Firm Value$90.3B
- Debt$45.0B
Equity Value$45.3B
/ Shares Outstanding468,146,631B
DCF Value$97
OVERVALUED BY 47%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$5.6B
$5.7B
$5.8B
$6.0B
$6.1B
$6.2B
$6.4B
$6.5B
$6.7B
$6.8B
Maintenance CapEx
-$343.6M
-$351.3M
-$359.2M
-$367.3M
-$375.5M
-$384.0M
-$392.6M
-$401.4M
-$410.4M
-$419.7M
Owner Earnings
$5.2B
$5.4B
$5.5B
$5.6B
$5.7B
$5.9B
$6.0B
$6.1B
$6.3B
$6.4B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$4.9B
$4.6B
$4.4B
$4.1B
$3.9B
$3.7B
$3.5B
$3.3B
$3.1B
$3.0B
Terminal Value represents 56.8% of Enterprise Value

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