SBA Communications
Market Cap
US$27.9b
Last Updated
2021/03/01 00:06 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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential unattractive dividend payer.
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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: SBAC's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-2.5%
SBAC
-1.1%
US REITs
-3.6%
US Market
1 Year Return
-3.8%
SBAC
-0.3%
US REITs
36.5%
US Market
Return vs Industry: SBAC underperformed the US REITs industry which returned -0.3% over the past year.
Return vs Market: SBAC underperformed the US Market which returned 36.4% over the past year.
Shareholder returns
| SBAC | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.5% | -1.1% | -3.6% |
| 30 Day | -5.0% | 3.1% | 2.7% |
| 90 Day | -11.2% | 4.6% | 7.5% |
| 1 Year | -3.1%-3.8% | 4.4%-0.3% | 39.5%36.5% |
| 3 Year | 68.4%66.9% | 35.3%18.8% | 53.5%43.6% |
| 5 Year | 166.6%164.2% | 44.8%15.5% | 117.5%93.2% |
Long-Term 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
3 weeks ago | Simply Wall St
How Much Are SBA Communications Corporation (NASDAQ:SBAC) Insiders Taking Off The Table?2 months ago | Simply Wall St
If You Had Bought SBA Communications (NASDAQ:SBAC) Stock Five Years Ago, You Could Pocket A 174% Gain Today3 months ago | Simply Wall St
SBA Communications Corporation Just Missed EPS By 56%: Here's What Analysts Think Will Happen NextValuation
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 ($255.13) is trading below our estimate of fair value ($264.3)
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 (1180.5x) compared to the US REITs industry average (46.4x).
PE vs Market: SBAC is poor value based on its PE Ratio (1180.5x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: SBAC is poor value based on its PEG Ratio (33.4x)
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?
35.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBAC's forecast earnings growth (35.4% per year) is above the savings rate (2%).
Earnings vs Market: SBAC's earnings (35.4% per year) are forecast to grow faster than the US market (20.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SBAC's revenue (5.1% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: SBAC's revenue (5.1% 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?
18.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SBAC has a large one-off loss of $58.5M impacting its December 31 2020 financial results.
Growing Profit Margin: SBAC's current net profit margins (1.2%) are lower than last year (7.2%).
Past Earnings Growth Analysis
Earnings Trend: SBAC has become profitable over the past 5 years, growing earnings by 18.9% per year.
Accelerating Growth: SBAC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SBAC had negative earnings growth (-83.4%) over the past year, making it difficult to compare to the REITs industry average (-6.1%).
Return on Equity
High ROE: SBAC's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Next Steps
Financial Health
How is SBA Communications's financial position?
Financial Position Analysis
Short Term Liabilities: SBAC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: SBAC has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: SBAC has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: SBAC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: SBAC's debt is not well covered by operating cash flow (10.1%).
Interest Coverage: SBAC's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
Next Steps
Dividend
What is SBA Communications's current dividend yield, its reliability and sustainability?
0.91%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: SBAC's dividend (0.91%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: SBAC's dividend (0.91%) is low compared to the top 25% of dividend payers in the US market (3.77%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SBAC has been paying a dividend for less than 10 years.
Growing Dividend: SBAC's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (18.4%), SBAC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SBAC's dividends in 3 years are forecast to be well covered by earnings (31.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
12.0yrs
Average management tenure
CEO
Jeff Stoops (61 yo)
19.08yrs
Tenure
US$10,156,251
Compensation
Mr. Jeffrey A. Stoops, also known as Jeff, has been the Chief Executive Officer and President of SBA Communications Corporation (REIT) and SBA Communications Corp. since January 1, 2002 and April 2000 resp...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD10.16M) is about average for companies of similar size in the US market ($USD10.55M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Independent Chairman | 32.08yrs | US$368.27k | 0.094% $ 26.3m | |
| President | 19.08yrs | US$10.16m | 0.68% $ 189.8m | |
| Executive VP & CFO | 12.42yrs | US$4.10m | 0.043% $ 11.9m | |
| Executive VP | 13.75yrs | US$4.26m | 0.11% $ 30.0m | |
| Executive Vice President of Site Leasing | 12yrs | US$3.29m | 0.011% $ 3.0m | |
| Executive VP & President of International | 10.33yrs | US$4.31m | 0.042% $ 11.8m | |
| Executive Vice President of Operations | 7.08yrs | no data | 0.017% $ 4.7m | |
| Senior VP & Chief Accounting Officer | 12.42yrs | no data | 0.017% $ 4.7m | |
| Executive Vice President of Strategy | 2yrs | no data | 0.00032% $ 89.3k | |
| Chief Information Officer & Senior VP | 15.08yrs | no data | no data | |
| Senior Vice President of International Strategy & Business Development | 2.75yrs | no data | no data | |
| Senior VP & Chief Human Resources Officer | 2.33yrs | no data | no data |
12.0yrs
Average Tenure
55.5yo
Average Age
Experienced Management: SBAC's management team is seasoned and experienced (12 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Independent Chairman | 32.08yrs | US$368.27k | 0.094% $ 26.3m | |
| President | 19.08yrs | US$10.16m | 0.68% $ 189.8m | |
| Independent Director | 11.33yrs | US$268.27k | 0.012% $ 3.3m | |
| Independent Director | 16.75yrs | US$268.27k | 0.0032% $ 900.9k | |
| Lead Independent Director | 7.08yrs | US$308.27k | 0.014% $ 3.9m | |
| Independent Director | 16.5yrs | US$288.27k | 0.062% $ 17.3m | |
| Independent Director | 5.75yrs | US$268.27k | 0.0026% $ 714.0k | |
| Independent Director | 1.08yrs | no data | no data | |
| Independent Director | 11.33yrs | US$278.27k | 0.0096% $ 2.7m |
11.3yrs
Average Tenure
61yo
Average Age
Experienced Board: SBAC's board of directors are seasoned and experienced ( 11.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$27.892b
- Shares outstanding: 109.32m
- 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 |
| 4SB | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | 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 |
| S1BA34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 5 REPR 1 COM | BR | BRL | Jan 2020 |
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 | 2021/03/01 00:06 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.