(SBAC) SBA Communications - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US78410G1040
Stock: Towers, Rooftops, DAS, Small Cells, Buildings
Total Rating 26
Risk 40
Buy Signal -1.50
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.08% |
| Yield on Cost 5y | 1.78% |
| Yield CAGR 5y | 17.62% |
| Payout Consistency | 100.0% |
| Payout Ratio | 81.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 26.6% |
| Relative Tail Risk | -6.90% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.46 |
| Alpha | -11.79 |
| Character TTM | |
|---|---|
| Beta | 0.098 |
| Beta Downside | 0.091 |
| Drawdowns 3y | |
|---|---|
| Max DD | 34.99% |
| CAGR/Max DD | -0.38 |
Description: SBAC SBA Communications December 19, 2025
SBA Communications Corp (NASDAQ:SBAC) is a leading independent owner-operator of wireless communications infrastructure-towers, rooftops, DAS, and small cells-spanning more than 44,500 sites across the Americas and Africa. The company is a S&P 500 constituent and ranks among the largest REITs by market cap.
Key metrics as of FY 2023: revenue of roughly $2.1 billion, an occupancy rate near 96 %, and a dividend yield around 5 % (subject to interest-rate fluctuations that affect REIT valuations). Growth drivers include the rollout of 5G networks, which fuels demand for additional tower capacity, and the expanding need for edge-computing sites that leverage existing tower assets. Conversely, higher borrowing costs and macro-economic slowdown could pressure lease-rate growth.
For a deeper quantitative breakdown, you might explore ValueRay’s analyst tools to assess SBA’s valuation dynamics.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 857.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA -2.02 > 1.0 |
| NWC/Revenue: -28.63% < 20% (prev -8.18%; Δ -20.45% < -1%) |
| CFO/TA 0.12 > 3% & CFO 1.30b > Net Income 857.0m |
| Net Debt (14.59b) to EBITDA (1.83b): 7.97 < 3 |
| Current Ratio: 0.50 > 1.5 & < 3 |
| Outstanding Shares: last quarter (107.8m) vs 12m ago -0.08% < -2% |
| Gross Margin: 75.35% > 18% (prev 0.78%; Δ 7458 % > 0.5%) |
| Asset Turnover: 25.99% > 50% (prev 26.08%; Δ -0.09% > 0%) |
| Interest Coverage Ratio: 3.28 > 6 (EBITDA TTM 1.83b / Interest Expense TTM 474.1m) |
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 -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) |
| Altman-Z'' Score: -2.12 = D |
Beneish M -2.66
| DSRI: 1.46 (Receivables 218.9m/142.8m, Revenue 2.79b/2.66b) |
| GMI: 1.03 (GM 75.35% / 77.51%) |
| AQI: 0.93 (AQ_t 0.30 / AQ_t-1 0.32) |
| SGI: 1.05 (Revenue 2.79b / 2.66b) |
| TATA: -0.04 (NI 857.0m - CFO 1.30b) / TA 11.26b) |
| Beneish M-Score: -2.66 (Cap -4..+1) = A |
What is the price of SBAC shares?
As of February 07, 2026, the stock is trading at USD 180.51 with a total of 1,083,132 shares traded.
Over the past week, the price has changed by -3.87%, over one month by -5.02%, over three months by -7.29% and over the past year by -9.46%.
Over the past week, the price has changed by -3.87%, over one month by -5.02%, over three months by -7.29% and over the past year by -9.46%.
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.
- StrongBuy: 6
- Buy: 4
- Hold: 8
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the SBAC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 227.7 | 26.2% |
| Analysts Target Price | 227.7 | 26.2% |
| ValueRay Target Price | 168.5 | -6.7% |
SBAC Fundamental Data Overview February 05, 2026
P/E Trailing = 22.5691
P/E Forward = 20.284
P/S = 6.8635
P/EG = 1.9518
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 = 33.73b USD (19.14b + Debt 15.02b - CCE 431.1m)
Interest Coverage Ratio = 3.28 (Ebit TTM 1.55b / Interest Expense TTM 474.1m)
EV/FCF = 31.24x (Enterprise Value 33.73b / FCF TTM 1.08b)
FCF Yield = 3.20% (FCF TTM 1.08b / Enterprise Value 33.73b)
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 = 3.00 (Enterprise Value 33.73b / 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 = 7.99% (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 = 3.81% (E(19.14b)/V(34.16b) * Re(6.27%) + D(15.02b)/V(34.16b) * Rd(0.80%) * (1-Tc(0.17)))
Discount Rate = 6.27% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -0.35%
[DCF Debug] Terminal Value 86.53% ; FCFF base≈1.12b ; Y1≈1.14b ; Y5≈1.26b
Fair Price DCF = 214.8 (EV 37.48b - Net Debt 14.59b = Equity 22.89b / Shares 106.6m; r=5.90% [WACC]; 5y FCF grow 1.78% → 2.90% )
EPS Correlation: 15.25 | EPS CAGR: -49.57% | SUE: -4.0 | # QB: 0
Revenue Correlation: 69.63 | Revenue CAGR: 5.69% | SUE: 1.41 | # QB: 2
EPS next Quarter (2026-03-31): EPS=2.05 | Chg30d=-0.070 | Revisions Net=-2 | Analysts=5
EPS next Year (2026-12-31): EPS=8.60 | Chg30d=-0.220 | Revisions Net=-3 | Growth EPS=-15.6% | Growth Revenue=+1.2%
P/E Forward = 20.284
P/S = 6.8635
P/EG = 1.9518
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 = 33.73b USD (19.14b + Debt 15.02b - CCE 431.1m)
Interest Coverage Ratio = 3.28 (Ebit TTM 1.55b / Interest Expense TTM 474.1m)
EV/FCF = 31.24x (Enterprise Value 33.73b / FCF TTM 1.08b)
FCF Yield = 3.20% (FCF TTM 1.08b / Enterprise Value 33.73b)
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 = 3.00 (Enterprise Value 33.73b / 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 = 7.99% (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 = 3.81% (E(19.14b)/V(34.16b) * Re(6.27%) + D(15.02b)/V(34.16b) * Rd(0.80%) * (1-Tc(0.17)))
Discount Rate = 6.27% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -0.35%
[DCF Debug] Terminal Value 86.53% ; FCFF base≈1.12b ; Y1≈1.14b ; Y5≈1.26b
Fair Price DCF = 214.8 (EV 37.48b - Net Debt 14.59b = Equity 22.89b / Shares 106.6m; r=5.90% [WACC]; 5y FCF grow 1.78% → 2.90% )
EPS Correlation: 15.25 | EPS CAGR: -49.57% | SUE: -4.0 | # QB: 0
Revenue Correlation: 69.63 | Revenue CAGR: 5.69% | SUE: 1.41 | # QB: 2
EPS next Quarter (2026-03-31): EPS=2.05 | Chg30d=-0.070 | Revisions Net=-2 | Analysts=5
EPS next Year (2026-12-31): EPS=8.60 | Chg30d=-0.220 | Revisions Net=-3 | Growth EPS=-15.6% | Growth Revenue=+1.2%