193.69 USD
+1.09 (+0.57%)
193.69 USD
0 (0%)
Overall SBAC gets a fundamental rating of 5 out of 10. We evaluated SBAC against 30 industry peers in the Specialized REITs industry. While SBAC belongs to the best of the industry regarding profitability, there are concerns on its financial health. SBAC is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year SBAC was profitable.
In the past year SBAC had a positive cash flow from operations.
Each year in the past 5 years SBAC has been profitable.
SBAC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SBAC's Return On Assets of 7.61% is amongst the best of the industry. SBAC outperforms 90.00% of its industry peers.
SBAC's Return On Invested Capital of 12.88% is amongst the best of the industry. SBAC outperforms 100.00% of its industry peers.
SBAC had an Average Return On Invested Capital over the past 3 years of 10.28%. This is significantly above the industry average of 4.78%.
The last Return On Invested Capital (12.88%) for SBAC is above the 3 year average (10.28%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.61% | ||
| ROE | N/A | ||
| ROIC | 12.88% |
ROA(3y)5.28%
ROA(5y)3.71%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)10.28%
ROIC(5y)8.89%
1.3 Margins
With a decent Profit Margin value of 30.72%, SBAC is doing good in the industry, outperforming 76.67% of the companies in the same industry.
SBAC's Profit Margin has improved in the last couple of years.
SBAC has a Operating Margin of 56.42%. This is amongst the best in the industry. SBAC outperforms 90.00% of its industry peers.
In the last couple of years the Operating Margin of SBAC has grown nicely.
SBAC has a Gross Margin of 76.06%. This is in the better half of the industry: SBAC outperforms 66.67% of its industry peers.
SBAC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 56.42% | ||
| PM (TTM) | 30.72% | ||
| GM | 76.06% |
OM growth 3Y17.06%
OM growth 5Y13.31%
PM growth 3Y39.56%
PM growth 5Y30.83%
GM growth 3Y0.83%
GM growth 5Y0.72%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so SBAC is creating value.
Compared to 1 year ago, SBAC has less shares outstanding
SBAC has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, SBAC has an improved debt to assets ratio.
2.2 Solvency
SBAC has an Altman-Z score of 0.48. This is a bad value and indicates that SBAC is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.48, SBAC is doing worse than 76.67% of the companies in the same industry.
The Debt to FCF ratio of SBAC is 11.77, which is on the high side as it means it would take SBAC, 11.77 years of fcf income to pay off all of its debts.
SBAC has a Debt to FCF ratio of 11.77. This is in the better half of the industry: SBAC outperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 11.77 | ||
| Altman-Z | 0.48 |
ROIC/WACC1.86
WACC6.94%
2.3 Liquidity
SBAC has a Current Ratio of 0.50. This is a bad value and indicates that SBAC is not financially healthy enough and could expect problems in meeting its short term obligations.
SBAC has a Current ratio of 0.50. This is in the lower half of the industry: SBAC underperforms 66.67% of its industry peers.
SBAC has a Quick Ratio of 0.50. This is a bad value and indicates that SBAC is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of SBAC (0.50) is worse than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.5 | ||
| Quick Ratio | 0.5 |
3. Growth
3.1 Past
SBAC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.98%, which is quite impressive.
Measured over the past years, SBAC shows a very strong growth in Earnings Per Share. The EPS has been growing by 40.01% on average per year.
The Revenue has been growing slightly by 4.82% in the past year.
Measured over the past years, SBAC shows a small growth in Revenue. The Revenue has been growing by 5.87% on average per year.
EPS 1Y (TTM)20.98%
EPS 3Y48.25%
EPS 5Y40.01%
EPS Q2Q%-8.33%
Revenue 1Y (TTM)4.82%
Revenue growth 3Y5.09%
Revenue growth 5Y5.87%
Sales Q2Q%9.7%
3.2 Future
SBAC is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.24% yearly.
The Revenue is expected to grow by 4.28% on average over the next years.
EPS Next Y44.7%
EPS Next 2Y13.73%
EPS Next 3Y9.7%
EPS Next 5Y6.24%
Revenue Next Year5.73%
Revenue Next 2Y3.75%
Revenue Next 3Y2.91%
Revenue Next 5Y4.28%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
SBAC is valuated quite expensively with a Price/Earnings ratio of 25.25.
Based on the Price/Earnings ratio, SBAC is valued a bit cheaper than 76.67% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.84. SBAC is around the same levels.
With a Price/Forward Earnings ratio of 21.58, SBAC is valued on the expensive side.
Based on the Price/Forward Earnings ratio, SBAC is valued a bit cheaper than 73.33% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.40. SBAC is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.25 | ||
| Fwd PE | 21.58 |
4.2 Price Multiples
SBAC's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, SBAC is valued a bit cheaper than 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.11 | ||
| EV/EBITDA | 17.78 |
4.3 Compensation for Growth
SBAC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of SBAC may justify a higher PE ratio.
PEG (NY)0.56
PEG (5Y)0.63
EPS Next 2Y13.73%
EPS Next 3Y9.7%
5. Dividend
5.1 Amount
SBAC has a Yearly Dividend Yield of 2.31%. Purely for dividend investing, there may be better candidates out there.
With a Dividend Yield of 2.31, SBAC pays less dividend than the industry average, which is at 5.73. 90.00% of the companies listed in the same industry pay a better dividend than SBAC!
Compared to an average S&P500 Dividend Yield of 2.00, SBAC has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.31% |
5.2 History
The dividend of SBAC is nicely growing with an annual growth rate of 39.51%!
SBAC has been paying a dividend for over 5 years, so it has already some track record.
SBAC has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)39.51%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
54.40% of the earnings are spent on dividend by SBAC. This is a bit on the high side, but may be sustainable.
The dividend of SBAC is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP54.4%
EPS Next 2Y13.73%
EPS Next 3Y9.7%
193.69
+1.09 (+0.57%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners101.46%
Inst Owner Change-1.31%
Ins Owners0.71%
Ins Owner Change-1.71%
Market Cap20.64B
Revenue(TTM)2.79B
Net Income(TTM)856.97M
Analysts75.2
Price Target237.02 (22.37%)
Short Float %2.07%
Short Ratio2.27
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.31% |
Yearly Dividend3.93
Dividend Growth(5Y)39.51%
DP54.4%
Div Incr Years5
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.52%
Min EPS beat(2)-3.21%
Max EPS beat(2)-1.82%
EPS beat(4)0
Avg EPS beat(4)-12.75%
Min EPS beat(4)-23.81%
Max EPS beat(4)-1.82%
EPS beat(8)2
Avg EPS beat(8)-11.06%
EPS beat(12)3
Avg EPS beat(12)-9.43%
EPS beat(16)4
Avg EPS beat(16)-7.32%
Revenue beat(2)2
Avg Revenue beat(2)1.18%
Min Revenue beat(2)0.25%
Max Revenue beat(2)2.11%
Revenue beat(4)2
Avg Revenue beat(4)0.13%
Min Revenue beat(4)-1.62%
Max Revenue beat(4)2.11%
Revenue beat(8)2
Avg Revenue beat(8)-1.39%
Revenue beat(12)2
Avg Revenue beat(12)-1.46%
Revenue beat(16)5
Avg Revenue beat(16)-0.9%
PT rev (1m)-0.64%
PT rev (3m)-9.43%
EPS NQ rev (1m)4.31%
EPS NQ rev (3m)60.67%
EPS NY rev (1m)16.24%
EPS NY rev (3m)16.68%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)-0.33%
Revenue NY rev (1m)0.52%
Revenue NY rev (3m)0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.25 | ||
| Fwd PE | 21.58 | ||
| P/S | 7.4 | ||
| P/FCF | 19.11 | ||
| P/OCF | 15.91 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.78 |
EPS(TTM)7.67
EY3.96%
EPS(NY)8.98
Fwd EY4.63%
FCF(TTM)10.13
FCFY5.23%
OCF(TTM)12.18
OCFY6.29%
SpS26.18
BVpS-46.31
TBVpS-71.88
PEG (NY)0.56
PEG (5Y)0.63
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.61% | ||
| ROE | N/A | ||
| ROCE | 16.31% | ||
| ROIC | 12.88% | ||
| ROICexc | 13.49% | ||
| ROICexgc | 19.15% | ||
| OM | 56.42% | ||
| PM (TTM) | 30.72% | ||
| GM | 76.06% | ||
| FCFM | 38.71% |
ROA(3y)5.28%
ROA(5y)3.71%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)10.28%
ROIC(5y)8.89%
ROICexc(3y)10.61%
ROICexc(5y)9.2%
ROICexgc(3y)14.63%
ROICexgc(5y)13.14%
ROCE(3y)13.01%
ROCE(5y)11.26%
ROICexgc growth 3Y18.17%
ROICexgc growth 5Y12.75%
ROICexc growth 3Y21.4%
ROICexc growth 5Y18.43%
OM growth 3Y17.06%
OM growth 5Y13.31%
PM growth 3Y39.56%
PM growth 5Y30.83%
GM growth 3Y0.83%
GM growth 5Y0.72%
F-Score6
Asset Turnover0.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 11.77 | ||
| Debt/EBITDA | 6.45 | ||
| Cap/Depr | 78.58% | ||
| Cap/Sales | 7.8% | ||
| Interest Coverage | 3.49 | ||
| Cash Conversion | 70.11% | ||
| Profit Quality | 126.01% | ||
| Current Ratio | 0.5 | ||
| Quick Ratio | 0.5 | ||
| Altman-Z | 0.48 |
F-Score6
WACC6.94%
ROIC/WACC1.86
Cap/Depr(3y)49.33%
Cap/Depr(5y)36.98%
Cap/Sales(3y)8.46%
Cap/Sales(5y)7.47%
Profit Quality(3y)213.48%
Profit Quality(5y)1044.71%
High Growth Momentum
Growth
EPS 1Y (TTM)20.98%
EPS 3Y48.25%
EPS 5Y40.01%
EPS Q2Q%-8.33%
EPS Next Y44.7%
EPS Next 2Y13.73%
EPS Next 3Y9.7%
EPS Next 5Y6.24%
Revenue 1Y (TTM)4.82%
Revenue growth 3Y5.09%
Revenue growth 5Y5.87%
Sales Q2Q%9.7%
Revenue Next Year5.73%
Revenue Next 2Y3.75%
Revenue Next 3Y2.91%
Revenue Next 5Y4.28%
EBIT growth 1Y8.35%
EBIT growth 3Y23.01%
EBIT growth 5Y19.96%
EBIT Next Year26.85%
EBIT Next 3Y10.21%
EBIT Next 5Y8.73%
FCF growth 1Y-6.94%
FCF growth 3Y1.57%
FCF growth 5Y6.29%
OCF growth 1Y-7.35%
OCF growth 3Y3.91%
OCF growth 5Y6.59%
SBA COMMUNICATIONS CORP / SBAC FAQ
What is the ChartMill fundamental rating of SBA COMMUNICATIONS CORP (SBAC) stock?
ChartMill assigns a fundamental rating of 5 / 10 to SBAC.
What is the valuation status for SBAC stock?
ChartMill assigns a valuation rating of 5 / 10 to SBA COMMUNICATIONS CORP (SBAC). This can be considered as Fairly Valued.
Can you provide the profitability details for SBA COMMUNICATIONS CORP?
SBA COMMUNICATIONS CORP (SBAC) has a profitability rating of 8 / 10.
How financially healthy is SBA COMMUNICATIONS CORP?
The financial health rating of SBA COMMUNICATIONS CORP (SBAC) is 3 / 10.
Is the dividend of SBA COMMUNICATIONS CORP sustainable?
The dividend rating of SBA COMMUNICATIONS CORP (SBAC) is 4 / 10 and the dividend payout ratio is 54.4%.