SBA COMMUNICATIONS CORP (SBAC) Fundamental Analysis & Valuation

NASDAQ:SBAC • US78410G1040

Current stock price

165.15 USD
-1.61 (-0.97%)
At close:
165.15 USD
0 (0%)
After Hours:

This SBAC fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. SBAC Profitability Analysis

1.1 Basic Checks

  • In the past year SBAC was profitable.
  • In the past year SBAC had a positive cash flow from operations.
  • In the past 5 years SBAC has always been profitable.
  • In the past 5 years SBAC always reported a positive cash flow from operatings.
SBAC Yearly Net Income VS EBIT VS OCF VS FCFSBAC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

1.2 Ratios

  • The Return On Assets of SBAC (9.10%) is better than 96.43% of its industry peers.
  • SBAC has a better Return On Invested Capital (15.88%) than 100.00% of its industry peers.
  • SBAC had an Average Return On Invested Capital over the past 3 years of 14.07%. This is significantly above the industry average of 5.10%.
  • The 3 year average ROIC (14.07%) for SBAC is below the current ROIC(15.88%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 9.1%
ROE N/A
ROIC 15.88%
ROA(3y)6.87%
ROA(5y)5.48%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)14.07%
ROIC(5y)11.94%
SBAC Yearly ROA, ROE, ROICSBAC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20

1.3 Margins

  • With an excellent Profit Margin value of 37.43%, SBAC belongs to the best of the industry, outperforming 82.14% of the companies in the same industry.
  • SBAC's Profit Margin has improved in the last couple of years.
  • SBAC's Operating Margin of 55.21% is amongst the best of the industry. SBAC outperforms 85.71% of its industry peers.
  • In the last couple of years the Operating Margin of SBAC has grown nicely.
  • Looking at the Gross Margin, with a value of 75.46%, SBAC is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
  • SBAC's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 55.21%
PM (TTM) 37.43%
GM 75.46%
OM growth 3Y13.46%
OM growth 5Y10.75%
PM growth 3Y28.79%
PM growth 5Y100.44%
GM growth 3Y0.38%
GM growth 5Y-0.44%
SBAC Yearly Profit, Operating, Gross MarginsSBAC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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3

2. SBAC Health Analysis

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.
  • Compared to 1 year ago, SBAC has less shares outstanding
  • SBAC has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for SBAC has been reduced compared to a year ago.
SBAC Yearly Shares OutstandingSBAC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
SBAC Yearly Total Debt VS Total AssetsSBAC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • Based on the Altman-Z score of 0.25, we must say that SBAC is in the distress zone and has some risk of bankruptcy.
  • SBAC's Altman-Z score of 0.25 is on the low side compared to the rest of the industry. SBAC is outperformed by 78.57% of its industry peers.
  • The Debt to FCF ratio of SBAC is 12.10, which is on the high side as it means it would take SBAC, 12.10 years of fcf income to pay off all of its debts.
  • SBAC has a better Debt to FCF ratio (12.10) than 71.43% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 12.1
Altman-Z 0.25
ROIC/WACC2.11
WACC7.54%
SBAC Yearly LT Debt VS Equity VS FCFSBAC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B 10B

2.3 Liquidity

  • SBAC has a Current Ratio of 0.29. 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 Current ratio of SBAC (0.29) is worse than 71.43% of its industry peers.
  • A Quick Ratio of 0.29 indicates that SBAC may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.29, SBAC is doing worse than 71.43% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.29
Quick Ratio 0.29
SBAC Yearly Current Assets VS Current LiabilitesSBAC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. SBAC Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 37.32% over the past year.
  • SBAC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 43.43% yearly.
  • SBAC shows a small growth in Revenue. In the last year, the Revenue has grown by 5.06%.
  • The Revenue has been growing slightly by 6.21% on average over the past years.
EPS 1Y (TTM)37.32%
EPS 3Y31.3%
EPS 5Y43.43%
EPS Q2Q%115.53%
Revenue 1Y (TTM)5.06%
Revenue growth 3Y2.25%
Revenue growth 5Y6.21%
Sales Q2Q%3.73%

3.2 Future

  • The Earnings Per Share is expected to decrease by -2.25% on average over the next years.
  • SBAC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.65% yearly.
EPS Next Y-9.85%
EPS Next 2Y-1.58%
EPS Next 3Y4.03%
EPS Next 5Y-2.25%
Revenue Next Year0.73%
Revenue Next 2Y1.6%
Revenue Next 3Y2.41%
Revenue Next 5Y2.65%

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.
SBAC Yearly Revenue VS EstimatesSBAC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1B 2B 3B
SBAC Yearly EPS VS EstimatesSBAC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 5 10

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5

4. SBAC Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 17.33, the valuation of SBAC can be described as rather expensive.
  • Based on the Price/Earnings ratio, SBAC is valued cheaply inside the industry as 82.14% of the companies are valued more expensively.
  • SBAC's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.61.
  • With a Price/Forward Earnings ratio of 19.22, SBAC is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, SBAC is valued cheaply inside the industry as 85.71% of the companies are valued more expensively.
  • SBAC's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.79.
Industry RankSector Rank
PE 17.33
Fwd PE 19.22
SBAC Price Earnings VS Forward Price EarningsSBAC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 71.43% of the companies in the same industry are more expensive than SBAC, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, SBAC is valued cheaply inside the industry as 82.14% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 16.38
EV/EBITDA 16.3
SBAC Per share dataSBAC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 -40 -60

4.3 Compensation for Growth

  • SBAC has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.4
EPS Next 2Y-1.58%
EPS Next 3Y4.03%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. SBAC Dividend Analysis

5.1 Amount

  • SBAC has a Yearly Dividend Yield of 2.74%. Purely for dividend investing, there may be better candidates out there.
  • With a Dividend Yield of 2.74, SBAC pays less dividend than the industry average, which is at 5.52. 82.14% of the companies listed in the same industry pay a better dividend than SBAC!
  • Compared to an average S&P500 Dividend Yield of 1.89, SBAC pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.74%

5.2 History

  • The dividend of SBAC is nicely growing with an annual growth rate of 19.15%!
  • 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)19.15%
Div Incr Years5
Div Non Decr Years5
SBAC Yearly Dividends per shareSBAC Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • SBAC pays out 45.46% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP45.46%
EPS Next 2Y-1.58%
EPS Next 3Y4.03%
SBAC Yearly Income VS Free CF VS DividendSBAC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
SBAC Dividend Payout.SBAC Dividend Payout, showing the Payout Ratio.SBAC Dividend Payout.PayoutRetained Earnings

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SBAC Fundamentals: All Metrics, Ratios and Statistics

SBA COMMUNICATIONS CORP

NASDAQ:SBAC (3/25/2026, 8:00:02 PM)

After market: 165.15 0 (0%)

165.15

-1.61 (-0.97%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)02-26
Earnings (Next)04-27
Inst Owners100.11%
Inst Owner Change-2.74%
Ins Owners0.71%
Ins Owner Change7.48%
Market Cap17.47B
Revenue(TTM)2.82B
Net Income(TTM)1.05B
Analysts75.2
Price Target231.35 (40.08%)
Short Float %2.42%
Short Ratio2.72
Dividend
Industry RankSector Rank
Dividend Yield 2.74%
Yearly Dividend4.49
Dividend Growth(5Y)19.15%
DP45.46%
Div Incr Years5
Div Non Decr Years5
Ex-Date03-13
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.06%
Min EPS beat(2)-10.29%
Max EPS beat(2)-1.82%
EPS beat(4)0
Avg EPS beat(4)-9.37%
Min EPS beat(4)-22.17%
Max EPS beat(4)-1.82%
EPS beat(8)2
Avg EPS beat(8)-8.87%
EPS beat(12)3
Avg EPS beat(12)-8.99%
EPS beat(16)4
Avg EPS beat(16)-5.64%
Revenue beat(2)1
Avg Revenue beat(2)-1.3%
Min Revenue beat(2)-2.85%
Max Revenue beat(2)0.25%
Revenue beat(4)2
Avg Revenue beat(4)-0.53%
Min Revenue beat(4)-2.85%
Max Revenue beat(4)2.11%
Revenue beat(8)2
Avg Revenue beat(8)-1.37%
Revenue beat(12)2
Avg Revenue beat(12)-1.6%
Revenue beat(16)5
Avg Revenue beat(16)-1%
PT rev (1m)-0.52%
PT rev (3m)-2.66%
EPS NQ rev (1m)-11.25%
EPS NQ rev (3m)-11.31%
EPS NY rev (1m)-3.59%
EPS NY rev (3m)-4.64%
Revenue NQ rev (1m)-0.53%
Revenue NQ rev (3m)-0.55%
Revenue NY rev (1m)-0.62%
Revenue NY rev (3m)-1.06%
Valuation
Industry RankSector Rank
PE 17.33
Fwd PE 19.22
P/S 6.21
P/FCF 16.38
P/OCF 13.53
P/B N/A
P/tB N/A
EV/EBITDA 16.3
EPS(TTM)9.53
EY5.77%
EPS(NY)8.59
Fwd EY5.2%
FCF(TTM)10.08
FCFY6.1%
OCF(TTM)12.21
OCFY7.39%
SpS26.61
BVpS-45.88
TBVpS-73.12
PEG (NY)N/A
PEG (5Y)0.4
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 9.1%
ROE N/A
ROCE 17.47%
ROIC 15.88%
ROICexc 16.38%
ROICexgc 24.6%
OM 55.21%
PM (TTM) 37.43%
GM 75.46%
FCFM 37.88%
ROA(3y)6.87%
ROA(5y)5.48%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)14.07%
ROIC(5y)11.94%
ROICexc(3y)14.57%
ROICexc(5y)12.34%
ROICexgc(3y)20.7%
ROICexgc(5y)17.56%
ROCE(3y)15.48%
ROCE(5y)13.14%
ROICexgc growth 3Y23.73%
ROICexgc growth 5Y14.76%
ROICexc growth 3Y20.82%
ROICexc growth 5Y16.54%
OM growth 3Y13.46%
OM growth 5Y10.75%
PM growth 3Y28.79%
PM growth 5Y100.44%
GM growth 3Y0.38%
GM growth 5Y-0.44%
F-Score7
Asset Turnover0.24
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 12.1
Debt/EBITDA 5.94
Cap/Depr 76.92%
Cap/Sales 7.99%
Interest Coverage 3.33
Cash Conversion 69.93%
Profit Quality 101.22%
Current Ratio 0.29
Quick Ratio 0.29
Altman-Z 0.25
F-Score7
WACC7.54%
ROIC/WACC2.11
Cap/Depr(3y)64.87%
Cap/Depr(5y)48.8%
Cap/Sales(3y)8.41%
Cap/Sales(5y)7.83%
Profit Quality(3y)169.82%
Profit Quality(5y)237.24%
High Growth Momentum
Growth
EPS 1Y (TTM)37.32%
EPS 3Y31.3%
EPS 5Y43.43%
EPS Q2Q%115.53%
EPS Next Y-9.85%
EPS Next 2Y-1.58%
EPS Next 3Y4.03%
EPS Next 5Y-2.25%
Revenue 1Y (TTM)5.06%
Revenue growth 3Y2.25%
Revenue growth 5Y6.21%
Sales Q2Q%3.73%
Revenue Next Year0.73%
Revenue Next 2Y1.6%
Revenue Next 3Y2.41%
Revenue Next 5Y2.65%
EBIT growth 1Y-0.98%
EBIT growth 3Y16.01%
EBIT growth 5Y17.62%
EBIT Next Year27.28%
EBIT Next 3Y11.35%
EBIT Next 5Y8.42%
FCF growth 1Y-3.63%
FCF growth 3Y-0.15%
FCF growth 5Y1.35%
OCF growth 1Y-3.26%
OCF growth 3Y0.15%
OCF growth 5Y2.78%

SBA COMMUNICATIONS CORP / SBAC Fundamental Analysis 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 17.33 and the Price/Book (PB) ratio is -3.6.


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 45.46%.