SBA Communications
Market Cap
US$26.6b
Last Updated
2019/11/19 23:41 UTC
Data Sources
Company Financials +
Executive Summary
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa.
Snowflake
Fundamentals
Acceptable track record with moderate growth potential.
Similar Companies
Share Price & News
How has SBA Communications's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SBAC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
6.0%
SBAC
2.4%
US REITs
0.9%
US Market
1 Year Return
42.2%
SBAC
15.7%
US REITs
16.8%
US Market
Return vs Industry: SBAC exceeded the US REITs industry which returned 15.7% over the past year.
Return vs Market: SBAC exceeded the US Market which returned 16.8% over the past year.
Shareholder returns
| SBAC | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.0% | 2.4% | 0.9% |
| 30 Day | -1.7% | -2.0% | 4.5% |
| 90 Day | -7.8% | 1.7% | 6.2% |
| 1 Year | 42.6%42.2% | 20.6%15.7% | 19.4%16.8% |
| 3 Year | 136.0%135.3% | 40.0%22.5% | 47.5%38.0% |
| 5 Year | 100.6%100.1% | 57.1%24.4% | 62.0%44.1% |
Price Volatility Vs. Market
How volatile is SBA Communications's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
SBA Communications Corporation Just Missed Earnings And Its EPS Looked Sad - But Analysts Have Updated Their Models1 month ago | Simply Wall St
Can You Imagine How Chuffed SBA Communications's (NASDAQ:SBAC) Shareholders Feel About Its 128% Share Price Gain?2 months ago | Simply Wall St
Should You Be Adding SBA Communications (NASDAQ:SBAC) To Your Watchlist Today?Valuation
Is SBA Communications undervalued compared to its fair value and its price relative to the market?
3.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SBAC ($239.99) is trading below our estimate of fair value ($248.6)
Significantly Below Fair Value: SBAC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SBAC is poor value based on its PE Ratio (198.4x) compared to the REITs industry average (38.7x).
PE vs Market: SBAC is poor value based on its PE Ratio (198.4x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: SBAC is poor value based on its PEG Ratio (7.3x)
Price to Book Ratio
PB vs Industry: SBAC has negative assets, so we can't compare its PB Ratio to the US REITs industry average.
Next Steps
Future Growth
How is SBA Communications forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
27.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBAC's forecast earnings growth (27.1% per year) is above the savings rate (2.7%).
Earnings vs Market: SBAC's earnings (27.1% per year) are forecast to grow faster than the US market (14.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SBAC's revenue (5.6% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: SBAC's revenue (5.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SBAC's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has SBA Communications performed over the past 5 years?
54.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SBAC has high quality earnings.
Growing Profit Margin: SBAC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SBAC has become profitable over the past 5 years, growing earnings by 54.8% per year.
Accelerating Growth: SBAC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SBAC has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (8.7%).
Return on Equity
High ROE: SBAC's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is SBA Communications's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: SBAC has a high level of physical assets or inventory.
Debt Coverage by Assets: SBAC has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Financial Institutions Analysis
Asset Level: SBAC's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if SBAC has a sufficient allowance for bad loans.
Low Risk Liabilities: SBAC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if SBAC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: SBAC has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if SBAC has an appropriate level of bad loans.
Next Steps
Dividend
What is SBA Communications's current dividend yield, its reliability and sustainability?
0.62%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SBAC's dividend (0.62%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: SBAC's dividend (0.62%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stability and Growth of Payments
Stable Dividend: SBAC is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: SBAC is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: SBAC is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SBAC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
What is the CEO of SBA Communications's salary, the management and board of directors tenure and is there insider trading?
11.2yrs
Average management tenure
CEO
Jeff Stoops (61yo)
17.8yrs
Tenure
US$9,101,986
Compensation
Mr. Jeffrey A. Stoops, also known as Jeff, has been the Chief Executive Officer and President of SBA Communications Corporation (REIT) and SBA Communications Corp. since January 1, 2002 and April 2000 resp ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD9.10M) is about average for companies of similar size in the US market ($USD11.07M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Management Age and Tenure
11.2yrs
Average Tenure
54yo
Average Age
Experienced Management: SBAC's management team is seasoned and experienced (11.2 years average tenure).
Board Age and Tenure
12.7yrs
Average Tenure
60.5yo
Average Age
Experienced Board: SBAC's board of directors are seasoned and experienced ( 12.7 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 3,302 |
| Max Price | US$261.65 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 620 |
| Max Price | US$258.26 |
| Entity | Individual |
| Role | Unit President Executive VP & President of International |
| Shares | 17,055 |
| Max Price | US$254.72 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 37,847 |
| Max Price | US$220.31 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 6,453 |
| Max Price | US$209.71 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 700 |
| Max Price | US$206.50 |
| Entity | Individual |
| Role | Senior Key Executive Executive Vice President of Site Leasing |
| Shares | 4,404 |
| Max Price | US$190.85 |
| Entity | Individual |
| Role | Unit President Executive VP & President of International |
| Shares | 7,000 |
| Max Price | US$186.70 |
| Entity | Individual |
| Role | Chairman of the Board Founder & Chairman |
| Shares | 30,241 |
| Max Price | US$182.92 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Steven Bernstein (58yo)
Founder & Chairman
- Tenure: 30.8yrs
- Compensation: US$312.96k
Jeff Stoops (61yo)
President
- Tenure: 17.8yrs
- Compensation: US$9.10m
Tom Hunt (61yo)
Executive VP
- Tenure: 12.5yrs
- Compensation: US$3.82m
Kurt Bagwell (54yo)
Executive VP & President of International
- Tenure: 9.1yrs
- Compensation: US$3.88m
Jason Silberstein (50yo)
Executive Vice President of Site Leasing
- Tenure: 10.8yrs
- Compensation: US$3.05m
Brendan Cavanagh (47yo)
Executive VP & CFO
- Tenure: 11.2yrs
- Compensation: US$3.61m
Jorge Grau (56yo)
Chief Information Officer & Senior VP
- Tenure: 13.8yrs
Brian Lazarus (47yo)
Senior VP & Chief Accounting Officer
- Tenure: 11.2yrs
Mark Ciarfella (53yo)
Executive Vice President of Operations
- Tenure: 5.8yrs
Bill Bates
Vice President of Business Development
- Tenure: 18yrs
Board Members
Steven Bernstein (58yo)
Founder & Chairman
- Tenure: 30.8yrs
- Compensation: US$312.96k
Jeff Stoops (61yo)
President
- Tenure: 17.8yrs
- Compensation: US$9.10m
Kevin Beebe (60yo)
Independent Director
- Tenure: 10.1yrs
- Compensation: US$233.80k
Brian Carr (57yo)
Independent Director
- Tenure: 15.5yrs
- Compensation: US$233.80k
Jack Langer (70yo)
Lead Independent Director
- Tenure: 5.8yrs
- Compensation: US$273.80k
Duncan Cocroft (75yo)
Independent Director
- Tenure: 15.3yrs
- Compensation: US$253.80k
Mary Shio Chan (56yo)
Independent Director
- Tenure: 4.5yrs
- Compensation: US$233.80k
George Krouse (73yo)
Independent Director
- Tenure: 10.1yrs
- Compensation: US$243.80k
Company Information
SBA Communications Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: SBA Communications Corporation
- Ticker: SBAC
- Exchange: NasdaqGS
- Founded: 1989
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: US$26.592b
- Shares outstanding: 112.60m
- Website: https://www.sbasite.com
Number of Employees
Location
- SBA Communications Corporation
- 8051 Congress Avenue
- Boca Raton
- Florida
- 33487
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SBAC | NasdaqGS (Nasdaq Global Select) | Yes | Class A Common Stock | US | USD | Jun 1999 |
| 0KYZ | LSE (London Stock Exchange) | Yes | Class A Common Stock | GB | USD | Jun 1999 |
| SBAC * | BMV (Bolsa Mexicana de Valores) | Yes | Class A Common Stock | MX | MXN | Jun 1999 |
Biography
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. By “Building Better ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/19 23:41 |
| End of Day Share Price | 2019/11/19 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.