Crown Castle International Corp Stock Research

Market Summary

USD125.49-0.59

Market Closed

-0.47%

CCI Stock Price

CCI RSI Chart

CCI Valuation

Market Cap

54.3B

Price/Earnings (Trailing)

32.44

Price/Sales (Trailing)

7.78

EV/EBITDA

18.29

Price/Free Cashflow

18.88

CCI Price/Sales (Trailing)

CCI Profitability

EBT Margin

24.33%

Return on Equity

22.49%

Return on Assets

4.3%

Free Cashflow Yield

5.3%

CCI Fundamentals

CCI Revenue

Revenue (TTM)

7.0B

Revenue Y/Y

6.65%

Revenue Q/Q

1.03%

CCI Earnings

Earnings (TTM)

1.7B

Earnings Y/Y

17.28%

Earnings Q/Q

-1.19%

Price Action

52 Week Range

121.71198.20

(Low)(High)

Last 7 days

2.0%

Last 30 days

-6.4%

Last 90 days

-3.8%

Trailing 12 Months

-22.5%

CCI Financial Health

Current Ratio

0.45

Debt/Equity

2.81

Debt/Cashflow

0.14

CCI Investor Care

Dividend Yield

4.31%

Dividend/Share (TTM)

5.46

Shares Dilution (1Y)

0.23%

Diluted EPS (TTM)

3.86

Peers (Alternatives to Crown Castle International)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	89.8B	10.7B	-6.88%	-12.74%	52.91	8.38	14.47%	-33.92%
EQIX	62.3B	7.3B	-5.94%	0.45%	88.45	8.58	9.46%	40.82%
CCI	54.3B	7.0B	-6.38%	-22.51%	32.44	7.78	10.19%	52.83%
PSA	49.9B	4.2B	-4.61%	-14.88%	11.48	11.94	22.43%	122.66%
SBAC	26.8B	2.6B	-12.07%	-19.91%	58.03	10.17	14.06%	94.18%
KIM	10.9B	1.7B	-4.07%	-13.87%	86.7	6.32	26.61%	-85.07%
MID-CAP
FRT	7.5B	1.1B	-13.38%	-14.77%	19.4	6.96	12.95%	47.42%
KRG	4.2B	802.0M	-9.03%	-5.22%	-332.18	5.23	114.83%	84.36%
VNO	2.5B	1.8B	-31.59%	-62.57%	-7.3	1.41	13.26%	-296.88%
MAC	2.0B	859.2M	-25.44%	-29.31%	-30.3	2.33	1.38%	-563.21%
SMALL-CAP
SKT	2.0B	421.4M	-3.41%	12.84%	22.96	4.63	3.35%	1705.32%
SLG	1.3B	826.7M	-30.54%	-63.53%	-17.18	1.62	-2.04%	-117.36%
AIV	1.0B	190.3M	-7.76%	-1.93%	11.05	5.35	12.08%	1950.56%
PGRE	868.4M	740.4M	-22.73%	-54.50%	-23.86	1.17	1.87%	-78.85%

Financials for Crown Castle International

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	1.6%	6,986	6,876	6,748	6,597	6,340
S&GA Expenses	1.6%	750	738	718	697	680
Costs and Expenses	0.5%	4,561	4,540	4,488	4,425	4,339
EBITDA	1.1%	4,106	4,062	3,946	3,807	-
EBITDA Margin	-0.5%	0.59*	0.59*	0.58*	0.58*	-
Earnings Before Taxes	5.3%	1,700	1,615	1,499	-	-
EBT Margin	-1.6%	0.24*	0.25*	0.24*	0.23*	-
Interest Expenses	4.3%	699	670	656	652	657
Net Income	3.8%	1,675	1,614	1,546	1,459	1,096
Net Income Margin	2.1%	0.24*	0.23*	0.23*	0.22*	-
Free Cahsflow	3.8%	2,878	2,772	2,755	2,763	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.2%	38,921	38,861	39,013	39,051	39,040
Current Assets	3.0%	1,217	1,182	1,290	1,261	1,254
Cash Equivalents	-10.3%	156	174	281	312	292
Net PPE	0.9%	15,407	15,265	15,219	15,226	15,269
Goodwill	0.0%	10,085	10,087	10,087	10,078	10,078
Liabilities	0.9%	31,472	31,182	31,152	31,015	30,782
Current Liabilities	5.7%	2,731	2,584	1,871	1,776	2,026
Long Term Debt	1.2%	20,910	20,664	21,212	21,055	20,557
Shareholder's Equity	-3.0%	7,449	7,679	7,861	8,036	8,258
Retained Earnings	-2.5%	-10,666	-10,405	-10,188	-9,971	-9,753
Additional Paid-In Capital	0.2%	18,116	18,087	18,050	18,006	18,011
Accumulated Depreciation	2.1%	12,780	12,517	12,220	11,937	-
Shares Outstanding	0%	433	433	433	433	432

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	3.8%	2,878	2,772	2,755	2,763	2,789
Share Based Compensation	4.7%	156	149	145	134	129
Cashflow From Investing	1.1%	-1,352	-1,367	-1,325	-1,310	-1,332
Cashflow From Financing	-4.2%	-1,665	-1,598	-1,446	-1,346	-1,310
Dividend Payments	1.7%	2,602	2,559	2,497	2,435	2,373
Buy Backs	-1.5%	65.00	66.00	66.00	66.00	70.00

Risks for CCI

What is the probability of a big loss on CCI?

40.4%

Probability that Crown Castle International stock will be more than 20% underwater in next one year

9.2%

Probability that Crown Castle International stock will be more than 30% underwater in next one year.

Probability that Crown Castle International stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CCI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Crown Castle International was unfortunately bought at previous high price.

Drawdowns

Returns for CCI

Cumulative Returns on CCI

9.8%

10-Year Cumulative Returns

10.0%

7-Year Cumulative Returns

7.0%

5-Year Cumulative Returns

-2.8%

3-Year Cumulative Returns

What are the long-term rolling returns for CCI?

FIve years rolling returns for Crown Castle International.

Annualized Returns

Which funds bought or sold CCI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	added	0.71	-370,818	6,369,180	0.18%
2023-03-10	MATHER GROUP, LLC.	sold off	-100	-201,000	-	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-15.15	-5,808,330	22,690,700	0.03%
2023-03-08	Capital Asset Advisory Services LLC	reduced	-29.51	-229,998	494,002	0.04%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-5.05	-2,294,000	18,737,000	0.09%
2023-03-06	NORTH STAR ASSET MANAGEMENT INC	unchanged	-	-25,966	394,034	0.02%
2023-03-03	TIAA, FSB	reduced	-12.21	-196,108	914,892	-%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	327,977	327,977	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	unchanged	-	-710	5,290	-%
2023-03-01	Regal Investment Advisors LLC	reduced	-12.25	-71,943	336,057	0.03%

Latest Funds Activity

Are funds buying CCI calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CCI

No. of Funds

Crown Castle International News

Schedule 13G FIlings of Crown Castle International

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	13.19%	57,123,369	SC 13G/A
Feb 07, 2023	blackrock inc.	7.4%	32,008,568	SC 13G/A
Feb 09, 2022	vanguard group inc	12.93%	55,894,000	SC 13G/A
Feb 01, 2022	blackrock inc.	8.6%	37,010,877	SC 13G/A
Feb 16, 2021	capital world investors	4.6%	20,052,561	SC 13G/A
Feb 10, 2021	vanguard group inc	12.62%	54,428,450	SC 13G/A
Jan 29, 2021	blackrock inc.	7.0%	30,092,470	SC 13G/A
Feb 14, 2020	capital world investors	5.0%	21,063,952	SC 13G
Feb 11, 2020	vanguard group inc	13.18%	54,824,555	SC 13G/A
Feb 10, 2020	blackrock inc.	7.2%	30,067,690	SC 13G/A

CCI Fair Value

Crown Castle International fair value in different scenarios

The table shows the Fair Value estimates for Crown Castle International for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	52.66 -58.04%	66.01 -47.40%	87.09 -30.60%	124.97 -0.41%	157.49 25.50%
Current Inflation	48.05 -61.71%	59.31 -52.74%	76.73 -38.86%	108.32 -13.68%	135.25 7.78%
Very High Inflation	42.40 -66.21%	51.29 -59.13%	64.62 -48.51%	89.21 -28.91%	109.97 -12.37%

Historical Crown Castle International Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Crown Castle International

View All Filings

Date Filed	Form Type	Document
Feb 24, 2023	10-K	Annual Report
Feb 24, 2023	4	Insider Trading
Feb 24, 2023	4	Insider Trading
Feb 24, 2023	4	Insider Trading
Feb 24, 2023	4	Insider Trading
Feb 24, 2023	4	Insider Trading
Feb 24, 2023	4	Insider Trading
Feb 24, 2023	4	Insider Trading
Feb 24, 2023	4	Insider Trading
Feb 24, 2023	4	Insider Trading

Latest Insider Trading transactions for CCI

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-22	Goldsmith Andrea Jo	acquired	-	-	1,713	-
2023-02-22	Stephens Kevin A	acquired	-	-	1,713	-
2023-02-22	MORELAND W BENJAMIN	acquired	-	-	1,713	-
2023-02-22	Melone Anthony J.	acquired	-	-	1,713	-
2023-02-22	Thornton Matthew III	acquired	-	-	1,713	-
2023-02-22	FITZGERALD ARI Q	acquired	-	-	1,713	-
2023-02-22	CHRISTY LANGENFELD CYNTHIA K	acquired	-	-	1,713	-
2023-02-22	Bartolo P Robert	acquired	-	-	2,458	-
2023-02-22	Jones Tammy	acquired	-	-	1,713	-
2023-02-19	SCHLANGER DANIEL K	sold (taxes)	-493,083	140	-3,505	evp & chief financial officer

About Crown Castle International

Jay A. Brown

www.crowncastle.com

5000

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.

CCI Income Statement

2022-12-31

Consolidated Statement of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands, shares in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Net revenues:

Site rental revenues

$ 6,289,000

$ 5,719,000

$ 5,320,000

Services and other

697,000

621,000

520,000

Net Revenues

6,986,000

6,340,000

5,840,000

Costs of Operations:

Site rental

^[1]

1,602,000

1,554,000

1,521,000

Services and other

^[1]

466,000

439,000

448,000

Selling, general and administrative

750,000

680,000

678,000

Asset write-down charges

34,000

21,000

74,000

Acquisition and integration costs

2,000

1,000

10,000

Depreciation, amortization and accretion

1,707,000

1,644,000

1,608,000

Total operating expenses

4,561,000

4,339,000

Other Operating (Income) Expense

362,000

^[2]

Operating income (loss)

2,425,000

2,001,000

1,863,000

Interest expense and amortization of deferred financing costs

699,000

657,000

689,000

Gains (losses) on retirement of long-term obligations

^[3]

(28,000)

(145,000)

(95,000)

Interest income

3,000

1,000

2,000

Other income (expense)

(10,000)

(21,000)

(5,000)

Income (Loss) Attributable to Parent, before Tax, Total

1,691,000

1,179,000

1,076,000

Benefit (provision) for income taxes

(16,000)

(21,000)

(20,000)

Income (loss) from continuing operations

1,675,000

1,096,000

1,056,000

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

1,675,000

1,158,000

1,056,000

Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax

(62,000)

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

(62,000)

Dividends, Preferred Stock

57,000

Net income (loss) attributable to CCI common stockholders

1,675,000

1,096,000

999,000

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total

1,675,000

1,096,000

1,056,000

Other comprehensive income (loss):

Foreign currency translation adjustments

(1,000)

1,000

Total other comprehensive income (loss)

(1,000)

^[4]

1,000

^[4]

Comprehensive income (loss) attributable to CCI stockholders

$ 1,674,000

$ 1,096,000

$ 1,057,000

Net income (loss) attributable to CCI common stockholders, per common share:

Income (loss) from continuing operations, basic

$ 3.87

$ 2.68

$ 2.36

Income (loss) from discontinued operations, basic

(0.14)

Income (Loss) from Continuing Operations, Per Diluted Share

3.86

2.67

2.35

Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share

(0.14)

Basic (in dollars per share)

3.87

2.54

2.36

Diluted (in dollars per share)

$ 3.86

$ 2.53

$ 2.35

Weighted-average common shares outstanding:

Basic (in shares)

433

432

423

Diluted (in shares)

434

425

[1]	Exclusive of depreciation, amortization and accretion shown separately.
[2]	See note 15 for further information.
[3]	Inclusive of the write-off of the respective deferred financing costs.
[4]	See the consolidated statement of operations and comprehensive income (loss) for the components of "total other comprehensive income (loss)."

CCI Balance Sheet

2022-12-31

Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 156	$ 292
Restricted cash	166	169
Receivables, net of allowance of $19 and $17, respectively	593	543
Prepaid expenses	102	105
Deferred site rental receivables, current	127	92
Other current assets	73	53
Total current assets	1,217	1,254
Deferred site rental receivables	1,954	1,588
Property and equipment, net	15,407	15,269
Operating lease right-of-use assets	6,526	6,682
Goodwill	10,085	10,078
Site rental contracts and tenant relationships, net	3,535	3,982
Other intangible assets, net	61	64
Other assets, net	136	123
Total assets	38,921	39,040
LIABILITIES AND EQUITY
Accounts payable	236	246
Accrued interest	183	182
Deferred revenues	736	776
Other accrued liabilities	407	401
Current maturities of debt and other obligations	819	72
Current portion of operating lease liabilities	350	349
Total current liabilities	2,731	2,026
Debt and other long-term obligations	20,910	20,557
Operating lease liabilities	5,881	6,031
Other long-term liabilities	1,950	2,168
Total liabilities	31,472	30,782
CCI stockholders' equity:
Common stock, $0.01 par value; 1,200 shares authorized; shares issued and outstanding: December 31, 2022—433 and December 31, 2021—432	4	4
Additional paid-in capital	18,116	18,011
Accumulated other comprehensive income (loss)	(5)	(4)
Dividends/distributions in excess of earnings	(10,666)	(9,753)
Total equity	7,449	8,258
Total liabilities and equity	$ 38,921	$ 39,040