190.56 USD
-0.07 (-0.04%)
Overall SBAC gets a fundamental rating of 5 out of 10. We evaluated SBAC against 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.
SBAC had a positive operating cash flow in the past year.
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
Looking at the Return On Assets, with a value of 7.61%, SBAC belongs to the top 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.
SBAC had an Average Return On Invested Capital over the past 3 years of 10.28%. This is significantly above the industry average of 4.78%.
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
SBAC has a Profit Margin of 30.72%. This is in the better half of the industry: SBAC outperforms 76.67% of its industry peers.
In the last couple of years the Profit Margin of SBAC has grown nicely.
With an excellent Operating Margin value of 56.42%, SBAC belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
SBAC's Operating Margin has improved in the last couple of years.
SBAC has a Gross Margin of 76.06%. This is in the better half of the industry: SBAC outperforms 66.67% of its industry peers.
In the last couple of years the Gross Margin of SBAC has remained more or less at the same level.
| 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 well above the Cost of Capital (WACC), so SBAC is creating value.
The number of shares outstanding for SBAC has been reduced compared to 1 year ago.
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
SBAC has an Altman-Z score of 0.47. This is a bad value and indicates that SBAC is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.47, SBAC is not doing good in the industry: 76.67% of the companies in the same industry are doing better.
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.
The Debt to FCF ratio of SBAC (11.77) is better than 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.
The Current ratio of SBAC (0.50) is worse than 66.67% 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.
SBAC's Quick ratio of 0.50 is on the low side compared to the rest of the industry. SBAC is outperformed by 66.67% of its industry peers.
| 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.
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 Y44.71%
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
The Price/Earnings ratio is 24.84, which indicates a rather expensive current valuation of SBAC.
Based on the Price/Earnings ratio, SBAC is valued a bit cheaper than 76.67% of the companies in the same industry.
When comparing the Price/Earnings ratio of SBAC to the average of the S&P500 Index (26.61), we can say SBAC is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 21.15, the valuation of SBAC can be described as rather expensive.
76.67% of the companies in the same industry are more expensive than SBAC, based on the Price/Forward Earnings ratio.
SBAC is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.01, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.84 | ||
| Fwd PE | 21.15 |
4.2 Price Multiples
SBAC's Enterprise Value to EBITDA ratio is in line with the industry average.
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 | 18.8 | ||
| EV/EBITDA | 17.61 |
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)0.56
PEG (5Y)0.62
EPS Next 2Y13.94%
EPS Next 3Y9.7%
5. Dividend
5.1 Amount
SBAC has a Yearly Dividend Yield of 2.33%.
Compared to an average industry Dividend Yield of 5.78, SBAC's dividend is way lower than its industry peers. On top of this 86.67% 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 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.33% |
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
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 2Y13.94%
EPS Next 3Y9.7%
NASDAQ:SBAC (12/23/2025, 2:37:57 PM)
190.56
-0.07 (-0.04%)
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 Change-1.66%
Market Cap20.30B
Revenue(TTM)2.79B
Net Income(TTM)856.97M
Analysts75.2
Price Target237.66 (24.72%)
Short Float %2.07%
Short Ratio2.27
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.33% |
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)6.29%
EPS NQ rev (3m)60.67%
EPS NY rev (1m)16.25%
EPS NY rev (3m)17.04%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)-0.33%
Revenue NY rev (1m)0.52%
Revenue NY rev (3m)0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.84 | ||
| Fwd PE | 21.15 | ||
| P/S | 7.28 | ||
| P/FCF | 18.8 | ||
| P/OCF | 15.65 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.61 |
EPS(TTM)7.67
EY4.02%
EPS(NY)9.01
Fwd EY4.73%
FCF(TTM)10.13
FCFY5.32%
OCF(TTM)12.18
OCFY6.39%
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 5 / 10 and the dividend payout ratio is 54.4%.