Financials American Tower Corporation Sao Paulo

Equities

T1OW34

BRT1OWBDR007

Specialized REITs

Delayed Sao Paulo 09:28:00 2024-07-12 am EDT 5-day change 1st Jan Change
47.3 BRL +27.88% Intraday chart for American Tower Corporation +6.24% +8.59%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 101,797 99,708 133,209 98,643 100,636 96,757 - -
Enterprise Value (EV) 1 124,351 127,249 174,513 135,285 137,584 131,804 131,428 131,405
P/E ratio 54.2 x 59.2 x 51.7 x 55.5 x 67.9 x 31 x 31.6 x 29.1 x
Yield 1.64% 2.02% 1.78% 2.77% 2.99% 3.13% 3.32% 3.55%
Capitalization / Revenue 13.4 x 12.4 x 14.2 x 9.21 x 9.03 x 8.61 x 8.86 x 8.5 x
EV / Revenue 16.4 x 15.8 x 18.7 x 12.6 x 12.3 x 11.7 x 12 x 11.6 x
EV / EBITDA 26.2 x 24.7 x 29.2 x 20.4 x 19.4 x 18.5 x 18.5 x 17.6 x
EV / FCF 45.7 x 45.3 x 51.1 x 74.2 x 47.6 x 32.6 x 31.6 x 35.8 x
FCF Yield 2.19% 2.21% 1.96% 1.35% 2.1% 3.07% 3.16% 2.79%
Price to Book 20.1 x 24.4 x 26 x 17.7 x 24 x 24.1 x 25.5 x 28.9 x
Nbr of stocks (in thousands) 442,940 444,213 455,414 465,606 466,165 466,975 - -
Reference price 2 229.8 224.5 292.5 211.9 215.9 207.2 207.2 207.2
Announcement Date 2/25/20 2/25/21 2/24/22 2/23/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,580 8,042 9,357 10,711 11,144 11,234 10,916 11,377
EBITDA 1 4,744 5,156 5,983 6,644 7,087 7,136 7,119 7,474
EBIT 1 2,688 2,888 3,132 2,352 3,025 4,665 4,673 5,050
Operating Margin 35.47% 35.91% 33.47% 21.96% 27.14% 41.52% 42.81% 44.39%
Earnings before Tax (EBT) 1 1,916 1,821 2,829 1,721 1,521 3,589 3,447 3,641
Net income 1 1,888 1,691 2,568 1,766 1,483 3,123 3,050 3,272
Net margin 24.9% 21.02% 27.44% 16.49% 13.31% 27.8% 27.94% 28.76%
EPS 2 4.240 3.790 5.660 3.820 3.180 6.674 6.561 7.124
Free Cash Flow 1 2,723 2,810 3,412 1,823 2,893 4,047 4,154 3,667
FCF margin 35.92% 34.94% 36.47% 17.02% 25.96% 36.03% 38.05% 32.23%
FCF Conversion (EBITDA) 57.39% 54.5% 57.03% 27.44% 40.82% 56.71% 58.35% 49.06%
FCF Conversion (Net income) 144.24% 166.21% 132.88% 103.24% 195.04% 129.61% 136.2% 112.05%
Dividend per Share 2 3.780 4.530 5.210 5.860 6.450 6.495 6.873 7.346
Announcement Date 2/25/20 2/25/21 2/24/22 2/23/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 2,445 2,660 2,674 2,672 2,705 2,767 2,772 2,819 2,787 2,834 2,824 2,840 2,727 2,652 2,635
EBITDA 1 1,515 1,624 1,671 1,643 1,707 1,763 1,749 1,814 1,761 1,854 1,776 1,792 1,735 1,745 1,765
EBIT 1 626.6 725.1 782.3 652.9 192 775.6 873.7 658.7 716.9 1,237 1,153 1,169 1,099 1,154 1,126
Operating Margin 25.63% 27.26% 29.25% 24.44% 7.1% 28.03% 31.52% 23.37% 25.73% 43.63% 40.82% 41.16% 40.29% 43.53% 42.75%
Earnings before Tax (EBT) 1 528.5 725.2 898.3 855.8 -758.6 368.4 474.7 643 35.2 1,031 805.1 838.5 893.3 785.5 808.7
Net income 1 453.4 711.7 898.2 839.7 -683.8 335.8 475.7 586.9 84.9 917.4 728.9 730.8 733.1 736.9 732.5
Net margin 18.54% 26.75% 33.59% 31.43% -25.28% 12.14% 17.16% 20.82% 3.05% 32.37% 25.81% 25.74% 26.88% 27.78% 27.8%
EPS 2 0.9900 1.560 1.950 1.800 -1.470 0.7200 1.020 1.260 0.1800 1.960 1.571 1.591 1.548 1.621 1.590
Dividend per Share 2 1.390 1.400 1.430 1.470 1.560 1.560 1.570 1.620 1.700 1.620 1.620 1.620 1.620 1.725 1.725
Announcement Date 2/24/22 4/27/22 7/28/22 10/27/22 2/23/23 4/26/23 7/27/23 10/26/23 2/27/24 4/30/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 22,554 27,541 41,304 36,642 36,948 35,047 34,670 34,648
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.754 x 5.341 x 6.904 x 5.515 x 5.214 x 4.911 x 4.87 x 4.636 x
Free Cash Flow 1 2,723 2,810 3,412 1,823 2,893 4,047 4,154 3,667
ROE (net income / shareholders' equity) 36.3% 37% 56% 33.1% 30.4% 76.5% 79% 100%
ROA (Net income/ Total Assets) 4.98% 3.76% 4.38% 2.58% 2.23% 4.66% 4.68% 4.9%
Assets 1 37,906 45,018 58,561 68,540 66,611 66,987 65,175 66,780
Book Value Per Share 2 11.40 9.210 11.30 12.00 9.000 8.600 8.130 7.170
Cash Flow per Share 2 8.420 8.700 10.60 7.990 10.10 11.70 12.20 12.20
Capex 1 1,030 1,071 1,408 1,874 1,830 1,615 1,571 1,523
Capex / Sales 13.59% 13.32% 15.05% 17.49% 16.42% 14.37% 14.39% 13.39%
Announcement Date 2/25/20 2/25/21 2/24/22 2/23/23 2/27/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
22
Last Close Price
207.2 USD
Average target price
223.6 USD
Spread / Average Target
+7.93%
Consensus
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  5. Financials American Tower Corporation