Projected Income Statement: Crown Castle Inc.

Forecast Balance Sheet: Crown Castle Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 20,337 21,573 22,816 23,962 24,068 17,308 17,798 18,331
Change - 6.08% 5.76% 5.02% 0.44% -28.09% 2.83% 2.99%
Announcement Date 1/26/22 1/25/23 1/24/24 3/13/25 2/4/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: Crown Castle Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 1,229 1,310 1,424 1,222 182 223.9 219.6 217.3
Change - 6.59% 8.7% -14.19% -85.11% 23.04% -1.95% -1.03%
Free Cash Flow (FCF) 1 1,560 1,568 1,702 1,721 2,875 2,103 2,204 2,735
Change - 0.51% 8.55% 1.12% 67.05% -26.87% 4.84% 24.08%
Announcement Date 1/26/22 1/25/23 1/24/24 3/13/25 2/4/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Crown Castle Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 60.19% 62.12% 63.24% 63.35% 67.14% 66.31% 67.2% 67.44%
EBIT Margin (%) 31.56% 34.71% 33.93% -44.73% 48.66% 46.79% 49.2% 50.85%
EBT Margin (%) 18.6% 24.21% 21.89% -59.06% 26.24% 25.62% 30.15% 31.78%
Net margin (%) 17.29% 23.98% 21.52% -59.42% 10.41% 22.32% 29.14% 30.35%
FCF margin (%) 24.61% 22.44% 24.38% 26.2% 67.42% 51.7% 53.4% 65.01%
FCF / Net Income (%) 142.34% 93.61% 113.32% -44.09% 647.52% 231.61% 183.24% 214.23%

Profitability

        
ROA 2.82% 4.3% 3.88% -10.95% 1.38% 2.5% 5.41% 8.4%
ROE 12.37% 21.33% 21.72% -124.94% - 50.18% - -

Financial Health

        
Leverage (Debt/EBITDA) 5.33x 4.97x 5.17x 5.76x 8.41x 6.42x 6.42x 6.46x
Debt / Free cash flow 13.04x 13.76x 13.41x 13.92x 8.37x 8.23x 8.07x 6.7x

Capital Intensity

        
CAPEX / Current Assets (%) 19.38% 18.75% 20.4% 18.61% 4.27% 5.51% 5.32% 5.17%
CAPEX / EBITDA (%) 32.21% 30.18% 32.25% 29.37% 6.36% 8.3% 7.91% 7.66%
CAPEX / FCF (%) 78.78% 83.55% 83.67% 71.01% 6.33% 10.65% 9.96% 7.95%

Items per share

        
Cash flow per share 1 6.426 6.631 7.203 6.781 6.995 2.664 4.584 4.919
Change - 3.19% 8.62% -5.85% 3.16% -61.92% 72.08% 7.31%
Dividend per Share 1 5.46 5.98 6.26 6.26 4.75 4.256 4.282 4.387
Change - 9.52% 4.68% 0% -24.12% -10.39% 0.61% 2.44%
Book Value Per Share 1 19.12 17.2 14.7 -0.3057 -3.759 -6.316 -7.599 -10.1
Change - -10.01% -14.53% -102.08% -1,129.51% -68.05% -20.31% -32.91%
EPS 1 2.53 3.86 3.46 -8.98 1.01 2.019 2.863 3.077
Change - 52.57% -10.36% -359.54% 111.25% 99.88% 41.81% 7.47%
Nbr of stocks (in thousands) 432,203 433,048 433,689 434,598 435,479 436,452 436,452 436,452
Announcement Date 1/26/22 1/25/23 1/24/24 3/13/25 2/4/26 - - -
1USD
Estimates
2026 *2027 *
P/E ratio 44.9x 31.6x
PBR -14.3x -11.9x
EV / Sales 14x 13.9x
Yield 4.7% 4.73%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
-
Global
-
Quality
-
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
90.57USD
Average target price
98.82USD
Spread / Average Target
+9.11%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. CCI Stock
  4. Financials Crown Castle Inc.