American Tower Corporation
$182.24
-1.8%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.
At a Glance
Live SnapshotIntrinsic Alpha Methodology
Thesis Lenses
Signal
High confidenceValuation multiple is elevated (P/E 33.8).
Valuation inputs: P/E 33.8, earnings yield +3.0%, momentum -1.8%.
If multiples stay elevated while momentum fades, downside repricing risk rises.
Driver
High confidenceReturn profile is strong (ROE +69.3%, ROIC +6.7%).
Profitability stack: net margin +23.8%, ROE +69.3%, ROIC +6.7%.
Quality deterioration often appears in margins before it shows up in headline EPS.
Risk
High confidenceRisk profile is balanced but has notable pressure points to monitor.
Risk factors: liabilities/assets +83.6%, momentum -1.8%, net margin +23.8%.
Higher leverage with weak momentum and thin margins can amplify drawdown severity.
American Tower Corporation Market vs Earnings Trajectory
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American Tower Corporation Fair Value Envelope
American Tower Corporation Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Outstanding operational efficiency. The company generates substantial profit from core operations.
Net Profit Margin
Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.
Effective Tax Rate
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Profitability Insight
Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.
American Tower Corporation Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
CapEx Intensity
Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.
FCF Growth Trend
Flat FCF growth. Stable but not expanding—monitor for signs of business maturity or temporary headwinds.
Working Capital Impact
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Cash Flow Quality Insight
Solid cash generation: Positive free cash flow with reasonable earnings quality provides financial flexibility for growth investments, debt reduction, or shareholder returns.
American Tower Corporation Funding & Solvency Profile
Financial Health Analysis
Current Ratio
Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.
Debt-to-Equity Ratio
High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.
Working Capital
Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.
Asset Composition
Capital-intensive business with significant long-term investments in property, equipment, or intangibles.
Financial Health Insight
Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.
American Tower Corporation Street Expectations Map
Wall Street analysts project that AMT stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 215.40, with estimates ranging from a low of 185.00 to a high of 255.00.
The consensus 1-year price target stands at 215.40, with estimates ranging from a low of 185.00 to a high of 255.00.
Analyst Consensus Analysis
Upside Potential
Strong upside potential. Consensus indicates attractive return opportunity with favorable risk-reward profile.
Analyst Agreement
Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.
Analyst Conviction
Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.
Market Sentiment Insight
Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.
American Tower Corporation Insider Positioning
During the last 12 months, insiders have purchased $1.49M and sold $5.38M worth of AMT shares, resulting in $3.89M of net selling activity.
3 Months
2.7K
494.94K
972
173.09K
+322K
+$322K
3-6 Months
0
0.00
26.9K
5.06M
-5.1M
-$5.06M
6-9 Months
5.6K
994.11K
0
0.00
+994K
+$994K
9-12 Months
0
0.00
720
150.00K
-150K
-$150K
Top Buyers
Reilly Eugene F
Director
$994K
Kalathur Rajesh
Director
$495K
Top Sellers
Vondran Steven O
Director, Officer: President And Ceo
$2.83M
Noel Eugene M
Officer: Evp & Chief Operating Officer
$993K
Meyer Robert Joseph
Officer: Svp & Chief Accounting Officer
$832K
Smith Rodney M
Officer: Evp, Cfo & Treasurer
$397K
Dowling Ruth T
Officer: Evp, Chief Admin Ofr, Gc & Sec
$173K
Insider Activity Analysis
Net Insider Sentiment
Strong bearish signal with $3.89M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.
Buy/Sell Ratio
Weak buy/sell ratio. Selling significantly exceeds buying—monitor for potential fundamental concerns.
Recent Trend (3 Months)
Very strong recent buying momentum. Recent insider purchases significantly outpace sales, suggesting near-term optimism.
Insider Participation
5 insider sellers vs. 2 buyers. Widespread selling across multiple insiders may signal concerns.
amt Dividend History
Learning Layer
Related Guides
Build conviction on AMT by pairing this stock hub with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.