Crown Castle Stock Fair Value Calculation – Ferguson Wellman Capital Management Boosts Investment in Crown Castle

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Crown Castle ($NYSE:CCI) Inc. is a leading provider of wireless infrastructure in the United States. This infrastructure is essential for the functioning of wireless communication networks and is used by major wireless carriers such as AT&T, Verizon, and T-Mobile. Recently, Crown Castle Inc.’s stock caught the attention of Ferguson Wellman Capital Management Inc., a Portland-based investment management firm.

Additionally, Crown Castle’s strong financial performance and solid dividend track record make it an attractive investment choice for many institutional investors like Ferguson Wellman. Furthermore, Ferguson Wellman’s investment in Crown Castle also aligns with their investment philosophy of seeking out companies with strong fundamentals and long-term growth potential. As a company that has consistently delivered strong financial results and has a strong competitive position in the market, Crown Castle ticks all the boxes for Ferguson Wellman’s investment criteria. With its strong market position and promising future outlook, Crown Castle continues to be a top choice for investors seeking long-term growth opportunities in the wireless infrastructure sector.

Share Price

Ferguson Wellman Capital Management Inc., a Portland-based investment firm, has recently increased its investment in Crown Castle Inc. On Friday, CROWN CASTLE stock opened at $111.91 and closed at $112.38, showing a 0.56% increase from the previous day’s closing price of $111.75. This boost in investment by Ferguson Wellman Capital Management Inc. is a positive sign for the company and indicates confidence in its future growth potential. They serve major wireless carriers, cable and internet providers, and other telecommunications companies. With the increase in demand for wireless connectivity and data usage, Crown Castle Inc. has seen steady growth in its business over the years.

This investment also reflects confidence in the overall telecommunications industry, as Crown Castle Inc. plays a crucial role in providing essential infrastructure for the sector. This move can also attract other investors to the stock, thereby increasing its value and potentially leading to further growth. With strong financial backing and continued growth in its business, Crown Castle Inc. is poised to maintain its position as a key player in the telecommunications industry. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Crown Castle. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Crown Castle. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Crown Castle. More…

Key Ratios Snapshot

Some of the financial key ratios for Crown Castle are shown below. More…

Analysis – Crown Castle Stock Fair Value Calculation

In my analysis of CROWN CASTLE‘s financials, I have found that the company’s intrinsic value is approximately $150.7 per share. This value is determined by our proprietary Valuation Line, which takes into account various financial metrics such as earnings, cash flow, and growth potential. Currently, CROWN CASTLE’s stock is trading at $112.38 per share. This means that the stock is undervalued by 25.4%, based on our calculated intrinsic value. This presents an opportunity for investors to potentially purchase the stock at a discounted price. One of the key factors contributing to CROWN CASTLE’s undervaluation is its strong financial performance. The company has consistently shown growth in earnings and cash flow, indicating a healthy and stable business. Additionally, CROWN CASTLE operates in a lucrative industry, providing wireless infrastructure and services for the growing demand in mobile connectivity. Based on these factors, it is clear that CROWN CASTLE has strong fundamentals and potential for future growth. As such, I believe that the current stock price does not accurately reflect the true value of the company and presents a compelling investment opportunity for those looking to add a strong performer to their portfolio. More…

Peers

In the telecommunications industry, there is fierce competition between Crown Castle International Corp and its competitors: SBA Communications Corp, Equinix Inc, American Tower Corp. All four companies are vying for market share in the United States, and each has its own strengths and weaknesses. SBA Communications Corp is the largest of the four, with a market capitalization of $45.3 billion. Equinix Inc is the second largest, with a market capitalization of $33.4 billion. American Tower Corp is the third largest, with a market capitalization of $30.6 billion. Crown Castle International Corp is the smallest of the four, with a market capitalization of $22.1 billion.

– SBA Communications Corp ($NASDAQ:SBAC)

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure in North, Central, and South America. As of December 31, 2020, the company owned approximately 39,000 communications sites, including approximately 26,000 towers in the United States, making it one of the largest tower companies in the world. The company also operates a global independent tower company that owns, operates and develops communications towers and sites for wireless carriers, including telecommunications companies, wireless data providers, government entities, and tower operators in the United States, Canada, Central America, South America, and the Caribbean.

– Equinix Inc ($NASDAQ:EQIX)

Equinix, Inc. is a leading data center company that provides colocation, interconnection, and support services to businesses around the world. The company operates in more than 50 countries and has over 200 data centers. Equinix is one of the largest providers of data center services in the world with a market cap of over $47 billion as of 2022. The company offers a variety of services including colocation, interconnection, support, and security. Equinix also provides a range of products and services to its customers including storage, networking, and cloud computing.

– American Tower Corp ($NYSE:AMT)

American Tower Corp is a real estate investment trust that operates wireless and broadcast communications towers in the United States, Brazil, Chile, Colombia, Germany, Ghana, India, Mexico, Peru, South Africa, and Spain. As of December 31, 2020, the company owned, operated, and managed approximately 176,000 communications sites.

Summary

Ferguson Wellman Capital Management Inc. has recently increased its holdings in Crown Castle Inc, indicating a positive sentiment towards the company. This move could be based on strong financial performance and a promising outlook for the telecommunications infrastructure company. Crown Castle’s revenue has been steadily growing in recent years, and its high dividend yield may also be attractive to investors. Overall, Ferguson Wellman’s increased investment in Crown Castle suggests that the company is an attractive option for investors looking for potential long-term returns.