185.88 USD
-8.23 (-4.24%)
185.88 USD
0 (0%)
SBAC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 30 industry peers in the Specialized REITs industry. SBAC scores excellent on profitability, but there are concerns on its financial health. SBAC has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- In the past year SBAC was profitable.
- SBAC had a positive operating cash flow in the past year.
- SBAC had positive earnings in each of the past 5 years.
- SBAC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With an excellent Return On Assets value of 7.61%, SBAC belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
- Looking at the Return On Invested Capital, with a value of 12.88%, SBAC belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- SBAC had an Average Return On Invested Capital over the past 3 years of 10.28%. This is significantly above the industry average of 4.86%.
- The 3 year average ROIC (10.28%) for SBAC is below the current ROIC(12.88%), indicating increased profibility in the last year.
| 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
- SBAC has a better Profit Margin (30.72%) than 76.67% of its industry peers.
- In the last couple of years the Profit Margin of SBAC has grown nicely.
- SBAC's Operating Margin of 56.42% is amongst the best of the industry. SBAC outperforms 90.00% of its industry peers.
- SBAC's Operating Margin has improved in the last couple of years.
- SBAC has a better Gross Margin (76.06%) than 66.67% of its industry peers.
- In the last couple of years the Gross Margin of SBAC has remained more or less at the same level.
| 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SBAC is creating some value.
- SBAC has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, SBAC has less shares outstanding
- The debt/assets ratio for SBAC has been reduced compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 0.48, we must say that SBAC is in the distress zone and 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.
- SBAC has a debt to FCF ratio of 11.77. This is a negative value and a sign of low solvency as SBAC would need 11.77 years to pay back of all of its debts.
- The Debt to FCF ratio of SBAC (11.77) is better than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 11.77 | ||
| Altman-Z | 0.48 |
ROIC/WACC1.79
WACC7.19%
2.3 Liquidity
- A Current Ratio of 0.50 indicates that SBAC may have some problems paying its short term obligations.
- With a Current ratio value of 0.50, SBAC is not doing good in the industry: 63.33% of the companies in the same industry are doing better.
- 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 63.33% 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.
- The Earnings Per Share has been growing by 40.01% on average over the past years. This is a very strong growth
- SBAC shows a small growth in Revenue. In the last year, the Revenue has grown by 4.82%.
- 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
- Based on estimates for the next years, SBAC will show a small growth in Earnings Per Share. The EPS will grow by 6.24% on average per year.
- SBAC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.28% yearly.
EPS Next Y44.7%
EPS Next 2Y13.73%
EPS Next 3Y9.7%
EPS Next 5Y6.24%
Revenue Next Year5.73%
Revenue Next 2Y3.66%
Revenue Next 3Y2.83%
Revenue Next 5Y4.28%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- 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
- Based on the Price/Earnings ratio of 24.23, the valuation of SBAC can be described as rather expensive.
- SBAC's Price/Earnings ratio is a bit cheaper when compared to the industry. SBAC is cheaper than 80.00% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 26.94, SBAC is valued at the same level.
- The Price/Forward Earnings ratio is 20.71, which indicates a rather expensive current valuation of SBAC.
- SBAC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SBAC is cheaper than 76.67% of the companies in the same industry.
- SBAC is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.94, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.23 | ||
| Fwd PE | 20.71 |
4.2 Price Multiples
- 66.67% of the companies in the same industry are more expensive than SBAC, based on the Enterprise Value to EBITDA ratio.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of SBAC indicates a somewhat cheap valuation: SBAC is cheaper than 73.33% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.34 | ||
| EV/EBITDA | 17.81 |
4.3 Compensation for Growth
- The 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)0.54
PEG (5Y)0.61
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.
- Compared to an average industry Dividend Yield of 5.65, SBAC's dividend is way lower than its industry peers. On top of this 86.67% of the companies listed in the same industry pay a better dividend than SBAC!
- SBAC's Dividend Yield is a higher than the S&P500 average which is at 1.83.
| 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
- SBAC pays out 54.40% of its income as dividend. 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%
185.88
-8.23 (-4.24%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)11-03 2025-11-03/amc
Earnings (Next)02-23 2026-02-23/amc
Inst Owners101.63%
Inst Owner Change0.26%
Ins Owners0.7%
Ins Owner Change-1.8%
Market Cap19.81B
Revenue(TTM)2.79B
Net Income(TTM)856.97M
Analysts75.2
Price Target236.39 (27.17%)
Short Float %2.36%
Short Ratio3.18
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-DateN/A
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)-0.54%
PT rev (3m)-7.97%
EPS NQ rev (1m)0%
EPS NQ rev (3m)59.69%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)16.68%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.46%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.23 | ||
| Fwd PE | 20.71 | ||
| P/S | 7.1 | ||
| P/FCF | 18.34 | ||
| P/OCF | 15.26 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.81 |
EPS(TTM)7.67
EY4.13%
EPS(NY)8.98
Fwd EY4.83%
FCF(TTM)10.13
FCFY5.45%
OCF(TTM)12.18
OCFY6.55%
SpS26.18
BVpS-46.31
TBVpS-71.88
PEG (NY)0.54
PEG (5Y)0.61
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
WACC7.19%
ROIC/WACC1.79
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 2Y3.66%
Revenue Next 3Y2.83%
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.
Can you provide the valuation status for SBA COMMUNICATIONS CORP?
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.
Can you provide the PE and PB ratios for SBAC stock?
The Price/Earnings (PE) ratio for SBA COMMUNICATIONS CORP (SBAC) is 24.23 and the Price/Book (PB) ratio is -4.01.
How sustainable is the dividend of SBA COMMUNICATIONS CORP (SBAC) stock?
The dividend rating of SBA COMMUNICATIONS CORP (SBAC) is 5 / 10 and the dividend payout ratio is 54.4%.