AT&T Inc
Exchange: NYSESector: Communication ServicesIndustry: Telecom Services
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 150 years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives.
Did you know?
Carries 8.5x more debt than cash on its balance sheet.
Current Price
$28.33
+0.07%GoodMoat Value
$39.91
40.9% undervaluedProfile
Valuation (TTM)
Market Cap$200.84B
P/E9.18
EV$340.70B
P/B1.82
Shares Out7.09B
P/Sales1.60
Revenue$125.65B
EV/EBITDA6.34
AT&T Inc (T) Stock Analysis
GoodMoat Analysis
AT&T appears to be a mature, cash-generative telecom with a moderate moat based on scale and infrastructure, trading at a significant discount to its estimated fair value. The valuation is favourable, but investors must weigh this against a high debt load and moderate growth profile.
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AT&T is a leading telecommunications company providing wireless, broadband, and entertainment services. Its primary competitive advantages, assessed through the GoodMoat framework, stem from scale privilege and regulatory barriers. The company's vast physical network infrastructure represents a significant capital barrier to entry, and it operates in a regulated industry with spectrum licenses, contributing to a moderate moat score. However, it faces intense competition, limiting pure pricing power and brand differentiation. The valuation assessment is compelling. With a P/E of 9.3x and a Free Cash Flow Yield of 9.5%, the stock trades at multiples suggesting a margin of safety. The GoodMoat Target of $39.91 implies the stock is deeply undervalued relative to this intrinsic value estimate. Applying the Decision Framework, the business likely passes the initial Moat & Quality Gate with adequate fundamentals, including a strong ROE of 19.9%. The primary caution lies in the Valuation & Risk Gate: while the price is favourable, the high Debt/Equity ratio of 1.4 is a notable red flag requiring scrutiny. For a value investor, AT&T represents a classic case of a stable, dividend-paying business priced cheaply, but further investigation into debt sustainability and competitive positioning is essential. Analysis based on data as of 2024-05-15.
Market Cap$200.84B
Current Price$28.33
P/E Ratio9.18
Forward P/E—
PEG Ratio-1.71
EPS$3.04
Book Value$15.59
P/B Ratio1.82
T Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use -6.5% FCF growth (CAGR)
Cash vs Debt
Net Debt: 136.8B
Revenue
181.2B
FY19
143.1B
FY20
134.0B
FY21
120.7B
FY22
122.4B
FY23
122.3B
FY24
125.6B
FY25
Net Income
13.9B
FY19
—
FY20
20.1B
FY21
—
FY22
14.4B
FY23
10.9B
FY24
22.0B
FY25
T 52-Week Range
$23.00
$29.10
50-Day MA: $27.51200-Day MA: $26.52
Did you know?
Pays a 4.07% dividend yield.
AT&T Inc (T) Financial Summary
AT&T Inc (T) is a Communication Services company in the Telecom Services industry, listed on NYSE. The stock currently trades at $28.33 with a market capitalization of $200.84B.
Key valuation metrics include a P/E ratio of 9.18, price-to-book ratio of 1.82, and EPS of $3.04. The company reports a profit margin of 17.5% and return on equity of 19.9%.
T Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $200.84B |
| P/E Ratio | 9.18 |
| EPS | $3.04 |
| P/B Ratio | 1.82 |
| P/S Ratio | 1.60 |
| EV/EBITDA | 6.34 |
| Dividend Yield | 4.07% |
| Profit Margin | 17.5% |
| Return on Equity | 19.9% |
| Debt/Equity | 1.40 |
T Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $181.19B | $13.90B |
| FY20 | $143.05B | $-5.18B |
| FY21 | $134.04B | $20.08B |
| FY22 | $120.74B | $-8.52B |
| FY23 | $122.43B | $14.40B |
| FY24 | $122.34B | $10.95B |
| FY25 | $125.65B | $21.95B |
AT&T Inc (T) Valuation
Based on GoodMoat's DCF model, AT&T Inc has a fair value estimate of $39.91. At the current price of $28.33, the stock appears 29.0% undervalued relative to our intrinsic value estimate.
T Quality Indicators
AT&T Inc maintains a profit margin of 17.5% and an operating margin of 19.2%. Return on equity stands at 19.9%. The current ratio is 0.91. Debt-to-equity ratio is 1.40.
About AT&T Inc
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 150 years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives.
T Free Cash Flow
AT&T Inc generated $19.44B in trailing twelve-month free cash flow, representing an FCF yield of 9.68%. This strong FCF yield suggests the company generates substantial cash relative to its market value.
T Shares Outstanding
AT&T Inc has 7.09 billion shares outstanding at a share price of $28.33, giving it a market capitalization of $200.84B.