187.16 USD
+1.87 (+1.01%)
187.16 USD
0 (0%)
Overall SBAC gets a fundamental rating of 5 out of 10. We evaluated SBAC against 30 industry peers in the Specialized REITs industry. SBAC scores excellent on profitability, 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
- SBAC had positive earnings in the past year.
- SBAC had a positive operating cash flow in the past year.
- In the past 5 years SBAC has always been profitable.
- SBAC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With an excellent Return On Assets value of 7.61%, SBAC belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
- 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.
- The Average Return On Invested Capital over the past 3 years for SBAC is significantly above the industry average of 4.86%.
- 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 76.67% 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 90.00% of its industry peers.
- In the last couple of years the Operating Margin of SBAC has grown nicely.
- SBAC's Gross Margin of 76.06% is fine compared to the rest of the industry. SBAC outperforms 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SBAC is 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.
- Compared to 1 year ago, SBAC has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 0.46, we must say that SBAC is in the distress zone and has some risk of bankruptcy.
- SBAC has a worse Altman-Z score (0.46) 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.
- With a decent Debt to FCF ratio value of 11.77, SBAC is doing good in the industry, outperforming 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 11.77 | ||
| Altman-Z | 0.46 |
ROIC/WACC1.79
WACC7.18%
2.3 Liquidity
- A Current Ratio of 0.50 indicates that SBAC may have some problems paying its short term obligations.
- SBAC has a Current ratio of 0.50. This is in the lower half of the industry: SBAC underperforms 63.33% 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.
- 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.
- SBAC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 40.01% yearly.
- The Revenue has been growing slightly by 4.82% in the past year.
- The Revenue has been growing slightly by 5.87% on average over the past years.
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.
- 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 24.40, 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's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.21.
- Based on the Price/Forward Earnings ratio of 20.85, the valuation of SBAC can be described as rather expensive.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of SBAC indicates a somewhat cheap valuation: SBAC is cheaper than 76.67% of the companies listed in the same industry.
- When comparing the Price/Forward Earnings ratio of SBAC to the average of the S&P500 Index (25.98), we can say SBAC is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.4 | ||
| Fwd PE | 20.85 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, SBAC is valued a bit cheaper than the industry average as 70.00% of the companies are valued more expensively.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of SBAC indicates a somewhat cheap valuation: SBAC is cheaper than 73.33% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.47 | ||
| EV/EBITDA | 17.41 |
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.
- The excellent profitability rating of SBAC may justify a higher PE ratio.
PEG (NY)0.55
PEG (5Y)0.61
EPS Next 2Y13.73%
EPS Next 3Y9%
5. Dividend
5.1 Amount
- SBAC has a Yearly Dividend Yield of 2.40%.
- Compared to an average industry Dividend Yield of 5.51, 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!
- Compared to an average S&P500 Dividend Yield of 1.81, SBAC pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.4% |
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.
- 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.
- The dividend of SBAC is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP54.4%
EPS Next 2Y13.73%
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 24.4 and the Price/Book (PB) ratio is -4.04.
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%.