194.125 USD
+0.82 (+0.43%)
Taking everything into account, SBAC scores 5 out of 10 in our fundamental rating. SBAC was compared to 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 has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year SBAC was profitable.
SBAC had a positive operating cash flow in the past year.
In the past 5 years SBAC has always been profitable.
In the past 5 years SBAC always reported a positive cash flow from operatings.
1.2 Ratios
SBAC has a Return On Assets of 7.61%. This is amongst the best in the industry. SBAC outperforms 90.00% of its industry peers.
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 4.77%.
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
Looking at the Profit Margin, with a value of 30.72%, SBAC is in the better half of the industry, outperforming 76.67% of the companies in the same industry.
In the last couple of years the Profit Margin of SBAC has grown nicely.
With an excellent Operating Margin value of 56.42%, SBAC belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
SBAC's Operating Margin has improved in the last couple of years.
SBAC's Gross Margin of 76.06% is fine compared to the rest of the industry. SBAC outperforms 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
SBAC has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for SBAC has been reduced compared to 1 year ago.
Compared to 5 years ago, SBAC has less shares outstanding
Compared to 1 year ago, SBAC has an improved debt to assets ratio.
2.2 Solvency
SBAC has an Altman-Z score of 0.49. This is a bad value and indicates that SBAC is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.49, SBAC is not doing good in the industry: 73.33% of the companies in the same industry are doing better.
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.
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 | 0.49 |
ROIC/WACC1.89
WACC6.8%
2.3 Liquidity
A Current Ratio of 0.50 indicates that SBAC may have some problems paying its short term obligations.
The Current ratio of SBAC (0.50) is worse than 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.
SBAC has a Quick ratio of 0.50. This is in the lower half of the industry: SBAC underperforms 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.
The Earnings Per Share has been growing by 40.01% on average over the past years. This is a very strong growth
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
Based on estimates for the next years, SBAC will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.22% on average per year.
Based on estimates for the next years, SBAC will show a small growth in Revenue. The Revenue will grow by 4.24% on average per year.
EPS Next Y24.49%
EPS Next 2Y14.93%
EPS Next 3Y10.3%
EPS Next 5Y9.22%
Revenue Next Year5.18%
Revenue Next 2Y3.79%
Revenue Next 3Y3.24%
Revenue Next 5Y4.24%
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
A Price/Earnings ratio of 25.31 indicates a quite expensive valuation of SBAC.
SBAC's Price/Earnings ratio is a bit cheaper when compared to the industry. SBAC is cheaper than 73.33% of the companies in the same industry.
SBAC's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.98.
A Price/Forward Earnings ratio of 21.17 indicates a rather expensive valuation of SBAC.
SBAC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SBAC is cheaper than 80.00% of the companies in the same industry.
SBAC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 35.79, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.31 | ||
| Fwd PE | 21.17 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SBAC.
Based on the Price/Free Cash Flow ratio, SBAC is valued a bit cheaper than the industry average as 76.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.3 | ||
| EV/EBITDA | 17.85 |
4.3 Compensation for Growth
SBAC's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of SBAC may justify a higher PE ratio.
PEG (NY)1.03
PEG (5Y)0.63
EPS Next 2Y14.93%
EPS Next 3Y10.3%
5. Dividend
5.1 Amount
SBAC has a Yearly Dividend Yield of 2.27%.
Compared to an average industry Dividend Yield of 6.15, SBAC's dividend is way lower than its industry peers. On top of this 90.00% of the companies listed in the same industry pay a better dividend than SBAC!
SBAC's Dividend Yield is comparable with the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.27% |
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.
As SBAC did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
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.
SBAC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP54.4%
EPS Next 2Y14.93%
EPS Next 3Y10.3%
NASDAQ:SBAC (11/26/2025, 9:57:43 AM)
194.125
+0.82 (+0.43%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners101.92%
Inst Owner Change-1.33%
Ins Owners0.7%
Ins Owner Change0.04%
Market Cap20.85B
Revenue(TTM)2.79B
Net Income(TTM)856.97M
Analysts75.2
Price Target238.55 (22.88%)
Short Float %1.87%
Short Ratio1.69
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.27% |
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)-7.12%
PT rev (3m)-9.5%
EPS NQ rev (1m)50.28%
EPS NQ rev (3m)50.48%
EPS NY rev (1m)0%
EPS NY rev (3m)0.68%
Revenue NQ rev (1m)-0.55%
Revenue NQ rev (3m)-0.48%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.31 | ||
| Fwd PE | 21.17 | ||
| P/S | 7.47 | ||
| P/FCF | 19.3 | ||
| P/OCF | 16.07 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.85 |
EPS(TTM)7.67
EY3.95%
EPS(NY)9.17
Fwd EY4.72%
FCF(TTM)10.06
FCFY5.18%
OCF(TTM)12.08
OCFY6.22%
SpS25.98
BVpS-45.95
TBVpS-71.33
PEG (NY)1.03
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 | 0.49 |
F-Score6
WACC6.8%
ROIC/WACC1.89
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 Y24.49%
EPS Next 2Y14.93%
EPS Next 3Y10.3%
EPS Next 5Y9.22%
Revenue 1Y (TTM)4.82%
Revenue growth 3Y5.09%
Revenue growth 5Y5.87%
Sales Q2Q%9.7%
Revenue Next Year5.18%
Revenue Next 2Y3.79%
Revenue Next 3Y3.24%
Revenue Next 5Y4.24%
EBIT growth 1Y8.35%
EBIT growth 3Y23.01%
EBIT growth 5Y19.96%
EBIT Next Year26.98%
EBIT Next 3Y10.88%
EBIT Next 5Y8.83%
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%.