- Get 7 Days Free
- Sign In
Morningstar Rating
Stock XNYS Rating as of
$96.77 −2.31(2.33%)
View Full ChartAs of Cboe BZX Real-Time Price Open
Unlock our analysis with Morningstar Investor
Company Report
Company Report
Small Cells Are Not the Impediment They Once Were to Crown Castle’s Business
Matthew Dolgin
Crown Castle has a different strategy than its two biggest competitors, which focus almost exclusively on towers and have a multinational footprint. Crown operates exclusively in the United States and has aggressively invested in fiber to pursue small cell communications sites. After years of disappointment and sucking up capital, we think the small cell business is past the point of destroying value, making it much more attractive to operate or to sell.
Price vs Fair Value
Price vs Fair Value
CCI is trading at a 25% premium.
Price
$99.10
Fair Value
$167.00
Uncertainty
Medium
- 1-Star Price
- $189.10
- 5-Star Price
- $62.00
- Economic Moat
- Txthpc
- Capital Allocation
- Rfs
Bulls Say, Bears Say
Bulls Say, Bears Say
Bulls
Crown’s tower business runs on autopilot. It requires very minimal capital spending and is virtually assured of stable growth each year due to contractual rent escalators, and mostly fixed costs.
Bears
Crown is spending too much on small cells, which have fewer competitive advantages and lower margin profiles and returns on investment than towers.
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if CCI is a good fit for your portfolio.
News
News
- This cell-tower REIT is laying off more than 10% of its employees
- Crown Castle Implements Operational Changes and Updates Outlook for Full Year 2024
- Crown Castle Declares QuarterlyCommon Stock Dividend
- Crown Castle Announces Shareholders Have ElectedAll 12 of the Company’s Director Nominees
- Crown Castle to Present atNareit’s REITweek: 2024 Investor Conference
- Leading Proxy Advisory Firms Recommend Shareholders Vote “FOR” All of Crown Castle’s Director Nominees
- TED B. MILLER SENDS OPEN LETTER TO CROWN CASTLE SHAREHOLDERS
- TIME IS RUNNING OUT! VOTE TODAY FOR CRITICAL CHANGE AT CROWN CASTLE: BOOTS CAPITAL'S NOMINEES HAVE WORLD-CLASS SKILLS TO CREATE MEANINGFUL VALUE FOR SHAREHOLDERS AFTER A LOST DECADE OF UNDERPERFORMANCE
Trading Information
Trading Information
- Previous Close Price
- $99.08
- Day Range
$96.38–98.00
- 52-Week Range
$84.79–119.50
- Bid/Ask
- $96.75/$96.79
- Market Cap
- $42.06 Bil
- Volume/Avg
- 956,973/2.8 Mil
Key Statistics
Key Statistics
- Price/Earnings (Normalized)
- 25.61
- Price/Sales
- 6.28
- Dividend Yield (Trailing)
- 6.32%
- Dividend Yield (Forward)
- 6.32%
- Total Yield
- 6.38%
Company Profile
Company Profile
Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 85,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company’s fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle’s towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with about 75% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust.
- Sector
- Real Estate
- Industry
- REIT - Specialty
- Stock Style Box
- Mid Value
- Total Number of Employees
- 5,000
- Website
- https://www.crowncastle.com
Competitors
Competitors
- American Tower Corp AMT
- SBA Communications Corp Class A SBAC
Valuation
Valuation
| Metric | CCI | AMT | SBAC |
|---|---|---|---|
Price/Earnings (Normalized) | 25.61 | 34.29 | 35.58 |
Price/Book Value | 7.13 | 22.73 | — |
Price/Sales | 6.28 | 8.21 | 7.91 |
Price/Cash Flow | 12.63 | 16.23 | 14.30 |
Price/Earnings
CCI
AMT
SBAC
Financial Strength
Financial Strength
| Metric | CCI | AMT | SBAC |
|---|---|---|---|
Quick Ratio | 0.27 | 0.53 | 0.16 |
Current Ratio | 0.42 | 0.63 | 0.19 |
Interest Coverage | 2.66 | 2.42 | 2.30 |
Quick Ratio
CCI
AMT
SBAC
Profitability
Profitability
| Metric | CCI | AMT | SBAC |
|---|---|---|---|
Return on Assets (Normalized) | 4.34% | 4.32% | 8.09% |
Return on Equity (Normalized) | 25.15% | 61.42% | — |
Return on Invested Capital (Normalized) | 7.03% | 6.85% | 12.74% |
Return on Assets
CCI
AMT
SBAC
See how this stock stacks up to its competitors with Morningstar Investor
REIT - Specialty Industry Comparables
REIT - Specialty Industry Comparables
| 1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| American Tower Corp AMT | Rmxtrzbct | Drvnq | $92.0 Bil | |||
| Equinix Inc EQIX | Kvhnsplxln | Gqmydz | $72.7 Bil | |||
| Digital Realty Trust Inc DLR | Wpjbvrxz | Qhfmn | $48.6 Bil | |||
| Iron Mountain Inc IRM | Zcpqdmvqp | Xcvdgl | $25.8 Bil | |||
| Weyerhaeuser Co WY | Gtbpwxfhk | Cgg | $21.1 Bil | |||
| SBA Communications Corp Class A SBAC | Ylkkmzf | Zqzmtlr | $21.1 Bil | |||
| Gaming and Leisure Properties Inc GLPI | — | Ffj | $11.8 Bil | |||
| Rayonier Inc RYN | Fcbwwsz | Dxxpg | $4.5 Bil | |||
| Uniti Group Inc UNIT | Thdxxxls | Ncsr | $660.7 Mil |
