$88.62
-1.4%Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them. For more information on Crown Castle, please visit www.crowncastle.com.
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Base year metrics used for projections
Forecast period and terminal assumptions
Calculation flow from present value to intrinsic value per share
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 | $5.1B | $8.5B | $14.3B | $23.8B | $39.8B | $66.4B | $111.0B | $185.4B | $309.7B | $517.4B |
| Maintenance CapEx | -$60.8M | -$101.6M | -$169.7M | -$283.5M | -$473.6M | -$791.1M | -$1.3B | -$2.2B | -$3.7B | -$6.2B |
| Owner Earnings | $5.0B | $8.4B | $14.1B | $23.5B | $39.3B | $65.7B | $109.7B | $183.2B | $306.1B | $511.3B |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $4.7B | $7.2B | $11.2B | $17.3B | $26.7B | $41.4B | $64.0B | $99.0B | $153.1B | $236.8B |
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.