181.56 USD
-2.55 (-1.39%)
Last: Feb 2, 2026, 01:56 PM
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
- SBAC had positive earnings in the past year.
- In the past year SBAC had a positive cash flow from operations.
- 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
- SBAC has a better Return On Assets (7.61%) 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 4.86%.
- 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.
- 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.
- SBAC has a better Gross Margin (76.06%) than 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 just above the Cost of Capital (WACC), so SBAC is still creating some value.
- The number of shares outstanding for SBAC has been reduced compared to 1 year ago.
- SBAC has less shares outstanding than it did 5 years ago.
- SBAC has a better debt/assets ratio than last year.
2.2 Solvency
- SBAC has an Altman-Z score of 0.44. This is a bad value and indicates that SBAC is not financially healthy and even has some risk of bankruptcy.
- SBAC has a worse Altman-Z score (0.44) than 76.67% of its industry peers.
- 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'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 | 0.44 |
ROIC/WACC1.8
WACC7.17%
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 worse Current ratio (0.50) than 63.33% of its industry peers.
- A Quick Ratio of 0.50 indicates that SBAC may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.50, SBAC is doing worse than 63.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.5 | ||
| Quick Ratio | 0.5 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 20.98% over the past year.
- The Earnings Per Share has been growing by 40.01% on average over the past years. This is a very strong growth
- Looking at the last year, SBAC shows a small growth in Revenue. The Revenue has grown by 4.82% in the last 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 small growth in Earnings Per Share. The EPS will grow by 6.24% on average per year.
- The Revenue is expected to grow by 4.28% on average over the next years.
EPS Next Y44.35%
EPS Next 2Y13.73%
EPS Next 3Y9%
EPS Next 5Y6.24%
Revenue Next Year5.73%
Revenue Next 2Y3.64%
Revenue Next 3Y2.81%
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 23.67, which indicates a rather expensive current valuation of SBAC.
- Based on the Price/Earnings ratio, SBAC is valued a bit cheaper than 80.00% of the companies in the same industry.
- SBAC is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.32, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 20.23, SBAC is valued on the expensive side.
- Based on the Price/Forward Earnings ratio, SBAC is valued a bit cheaper than 80.00% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.57, SBAC is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.67 | ||
| Fwd PE | 20.23 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, SBAC is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
- 76.67% of the companies in the same industry are more expensive than SBAC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.92 | ||
| EV/EBITDA | 17.23 |
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)0.53
PEG (5Y)0.59
EPS Next 2Y13.73%
EPS Next 3Y9%
5. Dividend
5.1 Amount
- SBAC has a Yearly Dividend Yield of 2.36%.
- Compared to an average industry Dividend Yield of 5.52, SBAC's dividend is way lower than its industry peers. On top of this 83.33% 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 | 2.36% |
5.2 History
- On average, the dividend of SBAC grows each year by 39.51%, which is quite nice.
- 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 2Y13.73%
EPS Next 3Y9%
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 23.67 and the Price/Book (PB) ratio is -3.92.
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%.