191.63 USD
+2.34 (+1.24%)
SBAC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 30 industry peers in the Specialized REITs industry. While SBAC has a great profitability rating, there are quite some 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.
In the past year SBAC had a positive cash flow from operations.
Each year in the past 5 years SBAC has been profitable.
In the past 5 years SBAC always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of SBAC (7.61%) is better than 90.00% of its industry peers.
SBAC has a Return On Invested Capital of 12.88%. This is amongst the best in the industry. SBAC outperforms 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SBAC is significantly above the industry average of 4.78%.
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.
SBAC's Profit Margin has improved in the last couple of years.
SBAC has a better Operating Margin (56.42%) than 90.00% 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 76.06%, SBAC is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
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
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
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
Based on the Altman-Z score of 0.47, we must say that SBAC is in the distress zone and has some risk of bankruptcy.
SBAC's Altman-Z score of 0.47 is on the low side compared to the rest of the industry. SBAC is outperformed by 76.67% of its industry peers.
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.
SBAC's Debt to FCF ratio of 11.77 is fine compared to the rest 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 | 0.47 |
ROIC/WACC1.85
WACC6.96%
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.
Looking at the Current ratio, with a value of 0.50, SBAC is doing worse than 66.67% of the companies in the same industry.
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.
With a Quick ratio value of 0.50, SBAC is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
| 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
SBAC is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.24% yearly.
SBAC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.28% yearly.
EPS Next Y44.71%
EPS Next 2Y13.94%
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 rather expensively with a Price/Earnings ratio of 24.98.
Based on the Price/Earnings ratio, SBAC is valued a bit cheaper than 76.67% of the companies in the same industry.
SBAC's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.29.
A Price/Forward Earnings ratio of 21.27 indicates a rather expensive valuation of SBAC.
Based on the Price/Forward Earnings ratio, SBAC is valued a bit cheaper than 76.67% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.51, SBAC is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.98 | ||
| Fwd PE | 21.27 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SBAC is valued a bit cheaper than 63.33% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SBAC is valued a bit cheaper than the industry average as 70.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.91 | ||
| EV/EBITDA | 17.53 |
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)0.62
EPS Next 2Y13.94%
EPS Next 3Y9.7%
5. Dividend
5.1 Amount
SBAC has a Yearly Dividend Yield of 2.34%.
Compared to an average industry Dividend Yield of 6.05, 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!
Compared to an average S&P500 Dividend Yield of 2.31, SBAC has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.34% |
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.
SBAC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP54.4%
EPS Next 2Y13.94%
EPS Next 3Y9.7%
NASDAQ:SBAC (12/10/2025, 12:30:53 PM)
191.63
+2.34 (+1.24%)
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 Change0.04%
Market Cap20.42B
Revenue(TTM)2.79B
Net Income(TTM)856.97M
Analysts75.2
Price Target237.66 (24.02%)
Short Float %2.37%
Short Ratio2.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.34% |
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)-2.66%
PT rev (3m)-9.18%
EPS NQ rev (1m)9.29%
EPS NQ rev (3m)60.73%
EPS NY rev (1m)16.25%
EPS NY rev (3m)17.04%
Revenue NQ rev (1m)-0.18%
Revenue NQ rev (3m)-0.33%
Revenue NY rev (1m)0.52%
Revenue NY rev (3m)0.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.98 | ||
| Fwd PE | 21.27 | ||
| P/S | 7.32 | ||
| P/FCF | 18.91 | ||
| P/OCF | 15.74 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.53 |
EPS(TTM)7.67
EY4%
EPS(NY)9.01
Fwd EY4.7%
FCF(TTM)10.13
FCFY5.29%
OCF(TTM)12.18
OCFY6.35%
SpS26.18
BVpS-46.31
TBVpS-71.88
PEG (NY)0.56
PEG (5Y)0.62
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 | 0.47 |
F-Score6
WACC6.96%
ROIC/WACC1.85
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 Y44.71%
EPS Next 2Y13.94%
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 Year26.91%
EBIT Next 3Y10.22%
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%.