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DCF Valuation
Base-case fair value
$94.98
Intrinsic $126.64 · 25% MOS
Current price: $88.62
Base-case summary
Our base-case DCF for Crown Castle Inc. (CCI) projects 10 years of free cash flow growth at 11.8% for years 1–5 and 5.9% for years 6–10, anchored to 11.8% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $2.7B in trailing free cash flow, this produces an intrinsic value of $126.64 per share. A 25% safety margin gives a fair value of $94.98, suggesting the stock is currently 7% undervalued against the $88.62 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$2.7B
Cash & equivalents
$55M
Total debt
$29.9B
Shares outstanding
437M