| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 3/6 |
| Past Performance | 3/6 |
| Financial Health | 0/6 |
| Dividends | 2/6 |
SBAC Stock Overview
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.
SBA Communications Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$321.23 |
| 52 Week High | US$391.15 |
| 52 Week Low | US$232.88 |
| Beta | 0.31 |
| 1 Month Change | -14.19% |
| 3 Month Change | -5.57% |
| 1 Year Change | 17.87% |
| 3 Year Change | 83.04% |
| 5 Year Change | 210.37% |
| Change since IPO | 3,519.49% |
Recent News & Updates
Shareholder Returns
| SBAC | US REITs | US Market | |
|---|---|---|---|
| 7D | -5.1% | -3.2% | -4.6% |
| 1Y | 17.9% | 25.7% | 7.7% |
Return vs Industry: SBAC underperformed the US REITs industry which returned 29.9% over the past year.
Return vs Market: SBAC exceeded the US Market which returned 10.2% over the past year.
Price Volatility
| SBAC volatility | |
|---|---|
| SBAC Average Weekly Movement | 3.6% |
| REITs Industry Average Movement | 4.0% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: SBAC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SBAC's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1989 | 1,483 | Jeff Stoops | https://www.sbasite.com |
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 Wireless,” SBA generates revenue from two primary businesses – site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts.
SBA Communications Fundamentals Summary
| SBAC fundamental statistics | |
|---|---|
| Market Cap | US$34.94b |
| Earnings (TTM) | US$294.50m |
| Revenue (TTM) | US$2.25b |
118.7x
P/E Ratio15.5x
P/S RatioIs SBAC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SBAC income statement (TTM) | |
|---|---|
| Revenue | US$2.25b |
| Cost of Revenue | US$555.22m |
| Gross Profit | US$1.69b |
| Expenses | US$1.40b |
| Earnings | US$294.50m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.71 |
| Gross Margin | 75.32% |
| Net Profit Margin | 13.09% |
| Debt/Equity Ratio | -239.7% |
How did SBAC perform over the long term?
See historical performance and comparisonDividends
0.7%
Current Dividend Yield21%
Payout RatioValuation
Is SBA Communications undervalued compared to its fair value and its price relative to the market?
13.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SBAC ($321.23) is trading below our estimate of fair value ($370.84)
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 (118.7x) compared to the US REITs industry average (46.3x).
PE vs Market: SBAC is poor value based on its PE Ratio (118.7x) compared to the US market (17x).
Price to Earnings Growth Ratio
PEG Ratio: SBAC is poor value based on its PEG Ratio (5.4x)
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.
Future Growth
How is SBA Communications forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
21.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBAC's forecast earnings growth (21.9% per year) is above the savings rate (2%).
Earnings vs Market: SBAC's earnings (21.9% per year) are forecast to grow faster than the US market (13% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SBAC's revenue (4.7% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: SBAC's revenue (4.7% 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
Past Performance
How has SBA Communications performed over the past 5 years?
18.7%
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's earnings have grown by 18.7% per year over the past 5 years.
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 (29.5%).
Return on Equity
High ROE: SBAC's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
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 (9.6%).
Interest Coverage: SBAC's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
Dividend
What is SBA Communications's current dividend yield, its reliability and sustainability?
0.72%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SBAC's dividend (0.72%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: SBAC's dividend (0.72%) is low compared to the top 25% of dividend payers in the US market (3.48%).
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 (21.3%), 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 (37.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
13.3yrs
Average management tenure
CEO
Jeff Stoops (62 yo)
21.75yrs
Tenure
US$12,819,044
Compensation
Mr. Jeffrey A. Stoops, also known as Jeff, has been the Chief Executive Officer and President of SBA Communications Corporation since January 1, 2002 and April 2000 respectively. He had been Independent Di...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD12.82M) is about average for companies of similar size in the US market ($USD11.29M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: SBAC's management team is seasoned and experienced (13.3 years average tenure).
Board Members
Experienced Board: SBAC's board of directors are seasoned and experienced ( 14.8 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 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
- Implied Market Cap: US$34.944b
- Shares outstanding: 108.78m
- Website: https://www.sbasite.com
Number of Employees
Location
- SBA Communications Corporation
- 8051 Congress Avenue
- Boca Raton
- Florida
- 33487
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 23:31 |
| End of Day Share Price | 2022/01/19 00:00 |
| Earnings | 2021/09/30 |
| 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.