SBA COMMUNICATIONS CORP (SBAC) Stock Fundamental Analysis
NASDAQ:SBAC • US78410G1040
199.54 USD
+1.25 (+0.63%)
At close: Feb 20, 2026
199.54 USD
0 (0%)
After Hours: 2/20/2026, 8:04:17 PM
Overall SBAC gets a fundamental rating of 5 out of 10. We evaluated SBAC against 28 industry peers in the Specialized REITs industry. SBAC has an excellent profitability rating, but there are concerns on its financial health. SBAC is not valued too expensively and it also shows a decent 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.
- 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
- The Return On Assets of SBAC (7.61%) is better than 89.29% 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 4.75%.
- The last Return On Invested Capital (12.88%) for SBAC is above the 3 year average (10.28%), which is a sign of increasing profitability.
| 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 75.00% of its industry peers.
- SBAC's Profit Margin has improved in the last couple of years.
- The Operating Margin of SBAC (56.42%) is better than 89.29% of its industry peers.
- In the last couple of years the Operating Margin of SBAC has grown nicely.
- With a decent Gross Margin value of 76.06%, SBAC is doing good in the industry, outperforming 67.86% 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
- The number of shares outstanding for SBAC has been reduced compared to 5 years ago.
- The debt/assets ratio for SBAC has been reduced compared to a year ago.
2.2 Solvency
- SBAC has an Altman-Z score of 0.50. This is a bad value and indicates that SBAC is not financially healthy and even has some risk of bankruptcy.
- SBAC has a Altman-Z score of 0.50. This is in the lower half of the industry: SBAC underperforms 67.86% 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 67.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 11.77 | ||
| Altman-Z | 0.5 |
ROIC/WACC1.83
WACC7.04%
2.3 Liquidity
- A Current Ratio of 0.50 indicates that SBAC may have some problems paying its short term obligations.
- Looking at the Current ratio, with a value of 0.50, SBAC is doing worse than 60.71% 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.
- Looking at the Quick ratio, with a value of 0.50, SBAC is doing worse than 60.71% 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.
- Measured over the past years, SBAC shows a very strong growth in Earnings Per Share. The EPS has been growing by 40.01% on average per year.
- 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
- 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 Y46.77%
EPS Next 2Y13.31%
EPS Next 3Y9.06%
EPS Next 5Y6.24%
Revenue Next Year5.73%
Revenue Next 2Y3.52%
Revenue Next 3Y2.76%
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.
- 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
- Based on the Price/Earnings ratio of 26.02, the valuation of SBAC can be described as expensive.
- Based on the Price/Earnings ratio, SBAC is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
- SBAC is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.99, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 22.39 indicates a rather expensive valuation of SBAC.
- Based on the Price/Forward Earnings ratio, SBAC is valued a bit cheaper than 75.00% of the companies in the same industry.
- SBAC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.02 | ||
| Fwd PE | 22.39 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, SBAC is valued a bit cheaper than 60.71% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, SBAC is valued a bit cheaper than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.69 | ||
| EV/EBITDA | 18.05 |
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.
- SBAC has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.56
PEG (5Y)0.65
EPS Next 2Y13.31%
EPS Next 3Y9.06%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.23%, SBAC has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 5.50, SBAC's dividend is way lower than its industry peers. On top of this 89.29% 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 1.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.23% |
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
- 54.40% of the earnings are spent on dividend by SBAC. 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 2Y13.31%
EPS Next 3Y9.06%
199.54
+1.25 (+0.63%)
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)02-26 2026-02-26/amc
Inst Owners101.63%
Inst Owner Change-2.98%
Ins Owners0.7%
Ins Owner Change-0.4%
Market Cap21.26B
Revenue(TTM)2.79B
Net Income(TTM)856.97M
Analysts75.2
Price Target232.56 (16.55%)
Short Float %2.43%
Short Ratio3.22
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.23% |
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)-1.88%
PT rev (3m)-4.75%
EPS NQ rev (1m)6.46%
EPS NQ rev (3m)16.35%
EPS NY rev (1m)1.43%
EPS NY rev (3m)17.9%
Revenue NQ rev (1m)0.08%
Revenue NQ rev (3m)-0.1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.02 | ||
| Fwd PE | 22.39 | ||
| P/S | 7.62 | ||
| P/FCF | 19.69 | ||
| P/OCF | 16.39 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.05 |
EPS(TTM)7.67
EY3.84%
EPS(NY)8.91
Fwd EY4.47%
FCF(TTM)10.13
FCFY5.08%
OCF(TTM)12.18
OCFY6.1%
SpS26.18
BVpS-46.31
TBVpS-71.88
PEG (NY)0.56
PEG (5Y)0.65
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 | 0.5 |
F-Score6
WACC7.04%
ROIC/WACC1.83
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 Y46.77%
EPS Next 2Y13.31%
EPS Next 3Y9.06%
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 2Y3.52%
Revenue Next 3Y2.76%
Revenue Next 5Y4.28%
EBIT growth 1Y8.35%
EBIT growth 3Y23.01%
EBIT growth 5Y19.96%
EBIT Next Year25.49%
EBIT Next 3Y10.06%
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 26.02 and the Price/Book (PB) ratio is -4.31.
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%.