SBAC

SBA Communications Corporation

Fundamental data last updated:November 2, 2026

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company profile

SECTOR

Real Estate

industry

REIT - Specialty

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business 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. 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. For more information please visit: www.sbasite.com.

 


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VALUATION

P/E

21.17

Market Cap ($M USD)

$21.60B

Forward P/E

21.29

PEG

-38.62

PRICE TO SALES

7.57

PRICE TO BOOK

-4.53

EV / EBITDA

17.66

5-Year Average P/E

Free Cash Flow Yield

4.71%

DCF Value

$601.08

Graham Number

N/A

Price to FCF

21.21

EV to FCF

36.03

Earnings Yield

4.72%

FCF Yield

4.71%

DIVIDEND

Yield

2.32%

Annual Payout

$4.72

Payout Ratio

48.34%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$9.62

Next Year EPS Growth Estimate

$9.57

Next Year Revenue Growth Estimate

$3.27B

Return on Equity (ROE)

-20.90%

FREE CASH FLOW

Operating Margin

47.63%

Debt-to-Equity

-3.16

Piotroski F-Score

6

Altman Z-Score

0.36

Return on Invested Capital (ROIC)

16.23%

Current Ratio

0.15

Quick Ratio

0.15

Net Debt to EBITDA

7.26

Interest Coverage

3.59

Gross Profit margin

63.62%

FCF PER SHARE

$9.62

REVENUE PER SHARE

$26.97

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Gainseekers Quantitative Analysis

Summary

The market seems to be significantly undervaluing SBA Communications Corporation. With a DCF value that towers over recent pricing, the stock appears deeply discounted. However, the Forward P/E of 22.64 and an abysmal Altman Z-score of 0.41 raise red flags about its financial stability. The negative Return on Equity of -20.90% further suggests management struggles to generate shareholder value. Despite these concerns, the Earnings Yield of 4.41% indicates some potential for income generation, albeit with substantial risk.

AI Exposure / Tech Reliance

Positioned within the REIT - Specialty industry, SBA Communications is well-placed to leverage AI and tech advancements. As a key player in real estate, particularly in communications infrastructure, it can capitalize on the growing demand for data and connectivity. This adaptability is crucial in maintaining relevance in a rapidly evolving tech landscape.

The Bull Case

For the discerning GARP investor, SBA Communications offers compelling reasons to buy. The robust ROIC of 16.23% signals efficient capital use, while a Piotroski F-Score of 6 indicates moderate financial health. Its Operating Margin of 47.63% showcases strong pricing power, and a reasonable FCF Yield of 4.40% suggests the company can generate cash effectively. These metrics paint a picture of a company with solid fundamentals and potential for growth.

The Bear Case

Despite some strengths, SBA Communications faces significant structural risks. The Price/Book ratio is negative, indicating potential asset valuation issues, while the Price/Sales ratio of 8.10 suggests the stock is expensive relative to its revenue. The Net Debt to EBITDA ratio of 7.26 is alarmingly high, pointing to leverage concerns. Additionally, the stock is trading close to its 52-week high, which could signal overextension in the current market.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$233.00

Institutional Ownership %

1-Year Beta

1.02

Insider Buying % (6 Mo)

Distance to 52-Week High

19.41%

Distance to 52-Week Low

20.24%

EARNINGS SURPRISE %

-2.25%

50-DAY SMA

$204.24

200-DAY SMA

$197.31

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.