(SBAC) SBA Communications - Ratings and Ratios
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US78410G1040
Towers, DAS, Small Cells
Dividends
| Dividend Yield | 2.34% |
| Yield on Cost 5y | 1.68% |
| Yield CAGR 5y | 20.49% |
| Payout Consistency | 100.0% |
| Payout Ratio | 57.1% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 27.4% |
| Value at Risk 5%th | 41.9% |
| Relative Tail Risk | -6.91% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.57 |
| Alpha | -18.56 |
| CAGR/Max DD | -0.30 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.326 |
| Beta | 0.102 |
| Beta Downside | 0.064 |
| Drawdowns 3y | |
|---|---|
| Max DD | 38.42% |
| Mean DD | 25.27% |
| Median DD | 26.07% |
Description: SBAC SBA Communications October 16, 2025
SBA Communications Corp (NASDAQ:SBAC) is a leading independent owner and operator of wireless communications infrastructure-spanning towers, rooftops, buildings, distributed antenna systems (DAS) and small cells-with more than 44,000 sites across the Americas and Africa. The company is a component of the S&P 500 and ranks among the largest REITs by market capitalization.
Key performance indicators from the most recent fiscal year show revenue of roughly $2.3 billion and an EBITDA margin near 70%, reflecting the high-leverage nature of tower leasing. Occupancy rates remain high at about 95%, and lease revenue grew approximately 6% year-over-year, driven largely by the accelerated rollout of 5G networks, which is expanding demand for tower space and small-cell deployments. As a REIT, SBAC’s cost of capital is sensitive to prevailing interest rates, making monetary-policy shifts a material economic driver for its valuation.
For a deeper, data-driven valuation of SBAC, the ValueRay platform provides granular cash-flow models and peer benchmarks worth exploring.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (857.0m TTM) > 0 and > 6% of Revenue (6% = 167.4m TTM) |
| FCFTA 0.10 (>2.0%) and ΔFCFTA -2.02pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -28.63% (prev -8.18%; Δ -20.45pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.12 (>3.0%) and CFO 1.30b > Net Income 857.0m (YES >=105%, WARN >=100%) |
| Net Debt (14.59b) to EBITDA (1.83b) ratio: 7.97 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.50 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (107.8m) change vs 12m ago -0.08% (target <= -2.0% for YES) |
| Gross Margin 75.35% (prev 77.51%; Δ -2.16pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 25.99% (prev 26.08%; Δ -0.09pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 3.28 (EBITDA TTM 1.83b / Interest Expense TTM 474.1m) >= 6 (WARN >= 3) |
Altman Z'' -2.12
| (A) -0.07 = (Total Current Assets 812.5m - Total Current Liabilities 1.61b) / Total Assets 11.26b |
| (B) -0.65 = Retained Earnings (Balance) -7.28b / Total Assets 11.26b |
| (C) 0.14 = EBIT TTM 1.55b / Avg Total Assets 10.73b |
| (D) -0.49 = Book Value of Equity -7.97b / Total Liabilities 16.12b |
| Total Rating: -2.12 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 71.87
| 1. Piotroski 4.0pt |
| 2. FCF Yield 3.11% |
| 3. FCF Margin 38.71% |
| 4. Debt/Equity -3.04 |
| 5. Debt/Ebitda 7.97 |
| 6. ROIC - WACC (= 12.58)% |
| 7. RoE -17.18% |
| 8. Rev. Trend 69.63% |
| 9. EPS Trend 71.73% |
What is the price of SBAC shares?
As of December 09, 2025, the stock is trading at USD 189.58 with a total of 716,040 shares traded.
Over the past week, the price has changed by +0.54%, over one month by -3.43%, over three months by -0.38% and over the past year by -13.33%.
Over the past week, the price has changed by +0.54%, over one month by -3.43%, over three months by -0.38% and over the past year by -13.33%.
Is SBAC a buy, sell or hold?
SBA Communications has received a consensus analysts rating of 3.89.
Therefore, it is recommended to buy SBAC.
- Strong Buy: 6
- Buy: 4
- Hold: 8
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the SBAC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 234.9 | 23.9% |
| Analysts Target Price | 234.9 | 23.9% |
| ValueRay Target Price | 180.5 | -4.8% |
SBAC Fundamental Data Overview December 03, 2025
Market Cap USD = 20.09b (20.09b USD * 1.0 USD.USD)
P/E Trailing = 23.6897
P/E Forward = 21.9298
P/S = 7.2043
P/EG = 2.1107
Beta = 0.863
Revenue TTM = 2.79b USD
EBIT TTM = 1.55b USD
EBITDA TTM = 1.83b USD
Long Term Debt = 11.93b USD (from longTermDebt, last quarter)
Short Term Debt = 1.06b USD (from shortTermDebt, last quarter)
Debt = 15.02b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 14.59b USD (from netDebt column, last quarter)
Enterprise Value = 34.68b USD (20.09b + Debt 15.02b - CCE 431.1m)
Interest Coverage Ratio = 3.28 (Ebit TTM 1.55b / Interest Expense TTM 474.1m)
FCF Yield = 3.11% (FCF TTM 1.08b / Enterprise Value 34.68b)
FCF Margin = 38.71% (FCF TTM 1.08b / Revenue TTM 2.79b)
Net Margin = 30.72% (Net Income TTM 857.0m / Revenue TTM 2.79b)
Gross Margin = 75.35% ((Revenue TTM 2.79b - Cost of Revenue TTM 687.5m) / Revenue TTM)
Gross Margin QoQ = 74.08% (prev 74.54%)
Tobins Q-Ratio = 3.08 (Enterprise Value 34.68b / Total Assets 11.26b)
Interest Expense / Debt = 0.80% (Interest Expense 120.2m / Debt 15.02b)
Taxrate = 16.83% (48.7m / 289.1m)
NOPAT = 1.29b (EBIT 1.55b * (1 - 16.83%))
Current Ratio = 0.50 (Total Current Assets 812.5m / Total Current Liabilities 1.61b)
Debt / Equity = -3.04 (negative equity) (Debt 15.02b / totalStockholderEquity, last quarter -4.93b)
Debt / EBITDA = 7.97 (Net Debt 14.59b / EBITDA 1.83b)
Debt / FCF = 13.51 (Net Debt 14.59b / FCF TTM 1.08b)
Total Stockholder Equity = -4.99b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.61% (Net Income 857.0m / Total Assets 11.26b)
RoE = -17.18% (negative equity) (Net Income TTM 857.0m / Total Stockholder Equity -4.99b)
RoCE = 22.37% (EBIT 1.55b / Capital Employed (Equity -4.99b + L.T.Debt 11.93b))
RoIC = 16.52% (NOPAT 1.29b / Invested Capital 7.82b)
WACC = 3.94% (E(20.09b)/V(35.11b) * Re(6.39%) + D(15.02b)/V(35.11b) * Rd(0.80%) * (1-Tc(0.17)))
Discount Rate = 6.39% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -100.0 | Cagr: -0.35%
[DCF Debug] Terminal Value 78.57% ; FCFE base≈1.12b ; Y1≈1.14b ; Y5≈1.26b
Fair Price DCF = 208.8 (DCF Value 22.25b / Shares Outstanding 106.6m; 5y FCF grow 1.78% → 3.0% )
EPS Correlation: 71.73 | EPS CAGR: 53.60% | SUE: 0.03 | # QB: 0
Revenue Correlation: 69.63 | Revenue CAGR: 5.69% | SUE: 1.41 | # QB: 2
EPS next Quarter (2026-03-31): EPS=2.12 | Chg30d=+0.093 | Revisions Net=+1 | Analysts=5
EPS next Year (2026-12-31): EPS=8.82 | Chg30d=+0.298 | Revisions Net=+2 | Growth EPS=-13.4% | Growth Revenue=+1.9%
P/E Trailing = 23.6897
P/E Forward = 21.9298
P/S = 7.2043
P/EG = 2.1107
Beta = 0.863
Revenue TTM = 2.79b USD
EBIT TTM = 1.55b USD
EBITDA TTM = 1.83b USD
Long Term Debt = 11.93b USD (from longTermDebt, last quarter)
Short Term Debt = 1.06b USD (from shortTermDebt, last quarter)
Debt = 15.02b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 14.59b USD (from netDebt column, last quarter)
Enterprise Value = 34.68b USD (20.09b + Debt 15.02b - CCE 431.1m)
Interest Coverage Ratio = 3.28 (Ebit TTM 1.55b / Interest Expense TTM 474.1m)
FCF Yield = 3.11% (FCF TTM 1.08b / Enterprise Value 34.68b)
FCF Margin = 38.71% (FCF TTM 1.08b / Revenue TTM 2.79b)
Net Margin = 30.72% (Net Income TTM 857.0m / Revenue TTM 2.79b)
Gross Margin = 75.35% ((Revenue TTM 2.79b - Cost of Revenue TTM 687.5m) / Revenue TTM)
Gross Margin QoQ = 74.08% (prev 74.54%)
Tobins Q-Ratio = 3.08 (Enterprise Value 34.68b / Total Assets 11.26b)
Interest Expense / Debt = 0.80% (Interest Expense 120.2m / Debt 15.02b)
Taxrate = 16.83% (48.7m / 289.1m)
NOPAT = 1.29b (EBIT 1.55b * (1 - 16.83%))
Current Ratio = 0.50 (Total Current Assets 812.5m / Total Current Liabilities 1.61b)
Debt / Equity = -3.04 (negative equity) (Debt 15.02b / totalStockholderEquity, last quarter -4.93b)
Debt / EBITDA = 7.97 (Net Debt 14.59b / EBITDA 1.83b)
Debt / FCF = 13.51 (Net Debt 14.59b / FCF TTM 1.08b)
Total Stockholder Equity = -4.99b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.61% (Net Income 857.0m / Total Assets 11.26b)
RoE = -17.18% (negative equity) (Net Income TTM 857.0m / Total Stockholder Equity -4.99b)
RoCE = 22.37% (EBIT 1.55b / Capital Employed (Equity -4.99b + L.T.Debt 11.93b))
RoIC = 16.52% (NOPAT 1.29b / Invested Capital 7.82b)
WACC = 3.94% (E(20.09b)/V(35.11b) * Re(6.39%) + D(15.02b)/V(35.11b) * Rd(0.80%) * (1-Tc(0.17)))
Discount Rate = 6.39% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -100.0 | Cagr: -0.35%
[DCF Debug] Terminal Value 78.57% ; FCFE base≈1.12b ; Y1≈1.14b ; Y5≈1.26b
Fair Price DCF = 208.8 (DCF Value 22.25b / Shares Outstanding 106.6m; 5y FCF grow 1.78% → 3.0% )
EPS Correlation: 71.73 | EPS CAGR: 53.60% | SUE: 0.03 | # QB: 0
Revenue Correlation: 69.63 | Revenue CAGR: 5.69% | SUE: 1.41 | # QB: 2
EPS next Quarter (2026-03-31): EPS=2.12 | Chg30d=+0.093 | Revisions Net=+1 | Analysts=5
EPS next Year (2026-12-31): EPS=8.82 | Chg30d=+0.298 | Revisions Net=+2 | Growth EPS=-13.4% | Growth Revenue=+1.9%
Additional Sources for SBAC Stock
News:
Wall Street Journal |
Benzinga |
Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle