SBAC Stock Analysis: SBA Communications | NASDAQ
REIT - Specialty | NASDAQ, USA | Market Cap: 19.904m USD | 12M Return: -5% | US78410G1040 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 163M
EPS Trend: 94.1%
Qual. Beats: 1
Rev. Trend: 78.0%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure, including towers, buildings, rooftops, distributed antenna systems (DAS), and small cells. The company operates more than 46,000 communications sites across the Americas and in Africa. SBA is listed on NASDAQ under the ticker SBAC, is a member of the S&P 500, and ranks among the largest Real Estate Investment Trusts (REITs) by market capitalization.
SBA was incorporated in 1989 and is headquartered in Boca Raton, Florida. As a telecom tower REIT, the company leases space on its towers to multiple wireless carriers under long-term contracts, a business model that produces recurring rental revenue with significant operating leverage. Demand for SBAs infrastructure is driven by ongoing growth in mobile data consumption and the rollout of 5G networks, which require denser coverage and additional antenna equipment.
- 5G network densification drives tower leasing demand
- Rising interest rates pressure REIT valuations and bond yields
- Foreign currency translation weighs on Latin America and Africa revenue
| Net Income: 990.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -0.91 > 1.0 |
| NWC/Revenue: -125.1% < 20% (prev -33.25%; Δ -91.88% < -1%) |
| CFO/TA 0.11 > 3% & CFO 1.28b > Net Income 990.7m |
| Net Debt (17.4b) to EBITDA (2.10b): 8.28 < 3 |
| Current Ratio: 0.17 > 1.5 & < 3 |
| Outstanding Shares: last quarter (106.2m) vs 12m ago -1.49% < -2% |
| Gross Margin: 63.89% > 18% (prev 76.02%; Δ -12.12% > 0.5%) |
| Asset Turnover: 25.51% > 50% (prev 25.31%; Δ 0.20% > 0%) |
| Interest Coverage Ratio: 3.35 > 6 (EBIT TTM 1.70b / Interest Expense TTM 506.4m) |
| A: -0.31 (Total Current Assets 744.8m - Total Current Liabilities 4.34b) / Total Assets 11.7b |
| B: -0.61 (Retained Earnings -7.14b / Total Assets 11.7b) |
| C: 0.15 (EBIT TTM 1.70b / Avg Total Assets 11.3b) |
| D: -0.28 (Book Value of Equity -4.63b / Total Liabilities 16.4b) |
| Altman-Z'' = -3.27 = D |
| DSRI: 0.88 (Receivables 176.0m/189.6m, Revenue 2.87b/2.72b) |
| GMI: 1.19 (GM 76.02% / 63.89%) |
| AQI: 1.00 (AQ_t 0.30 / AQ_t-1 0.30) |
| SGI: 1.05 (Revenue 2.87b / 2.72b) |
| TATA: -0.03 (NI 990.7m - CFO 1.28b) / TA 11.7b) |
| Beneish M = -2.92 (Cap -4..+1) = A |
As of August 31, 2026, the stock is trading at USD 190.95 with a total of 681,159 shares traded. Over the past week, the price has changed by +4.58%, over one month by +9.91%, over three months by -6.04% and over the past year by -4.96%.
Current recommended Stop Loss: 184.70 (which is 3.3% or 1.2 ATR below the current price).
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
| Analysts Target Price | 226.4 | 18.6% |
P/E Trailing = 19.9596
P/E Forward = 21.0084
P/S = 6.9338
P/B = 91.0391
P/EG = 11.673
Revenue TTM = 2.87b USD
EBIT TTM = 1.70b USD
EBITDA TTM = 2.10b USD
Long Term Debt = 9.15b USD (from longTermDebt, last quarter)
Short Term Debt = 3.89b USD (from shortTermDebt, last quarter)
Debt = 17.7b USD (from shortLongTermDebtTotal, last quarter) + Leases 2.48b
Net Debt = 17.4b USD (calculated: Debt 17.7b - CCE 327.1m)
Enterprise Value = 37.3b USD (19.9b + Debt 17.7b - CCE 327.1m)
Interest Coverage Ratio = 3.35 (Ebit TTM 1.70b / Interest Expense TTM 506.4m)
EV/FCF = 35.47x (Enterprise Value 37.3b / FCF TTM 1.05b)
FCF Yield = 2.82% (FCF TTM 1.05b / Enterprise Value 37.3b)
FCF Margin = 36.60% (FCF TTM 1.05b / Revenue TTM 2.87b)
Net Margin = 34.51% (Net Income TTM 990.7m / Revenue TTM 2.87b)
Gross Margin = 63.89% ((Revenue TTM 2.87b - Cost of Revenue TTM 1.04b) / Revenue TTM)
Gross Margin QoQ = 75.39% (prev 75.64%)
Tobins Q-Ratio = 3.17 (Enterprise Value 37.3b / Total Assets 11.7b)
Interest Expense / Debt = 2.86% (Interest Expense 506.4m / Debt 17.7b)
Taxrate = 10.56% (125.6m / 1.19b)
NOPAT = 1.52b (EBIT 1.70b * (1 - 10.56%))
Current Ratio = 0.17 (Total Current Assets 744.8m / Total Current Liabilities 4.34b)
Debt / Equity = -3.82 (negative equity) (Debt 17.7b / totalStockholderEquity, last quarter -4.63b)
Debt / EBITDA = 8.28 (Net Debt 17.4b / EBITDA 2.10b)
Debt / FCF = 16.52 (Net Debt 17.4b / FCF TTM 1.05b)
Total Stockholder Equity = -4.79b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.80% (Net Income 990.7m / Total Assets 11.7b)
RoE = -20.67% (negative equity) (Net Income TTM 990.7m / Total Stockholder Equity -4.79b)
RoCE = 38.92% (EBIT 1.70b / Capital Employed (Equity -4.79b + L.T.Debt 9.15b))
RoIC = 13.61% (NOPAT 1.52b / Invested Capital 11.1b)
WACC = 4.25% (E(19.9b)/V(37.6b) * Re(5.75%) + D(17.7b)/V(37.6b) * Rd(2.86%) * (1-Tc(0.11)))
Discount Rate = 5.75% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -85.17 | Cagr: -1.00%
[DCF] Terminal Value 75.30% ; FCFF base≈1.06b ; Y1≈1.05b ; Y5≈1.09b
[DCF] Fair Price = N/A (negative equity: EV 17.0b - Net Debt 17.4b = -324.0m; debt exceeds intrinsic value)
EPS Correlation: 94.07 | EPS CAGR: 36.16% | SUE: 1.28 | # QB: 1
Revenue Correlation: 77.96 | Revenue CAGR: 2.31% | SUE: 0.89 | # QB: 1
EPS current Quarter (2026-09-30): EPS=2.09 | Chg30d=+3.69% | Revisions=+42% | Analysts=9
EPS current Year (2026-12-31): EPS=7.72 | Chg30d=+2.32% | Revisions=+62% | GrowthEPS=-21.2% | GrowthRev=+1.8%
EPS next Year (2027-12-31): EPS=8.21 | Chg30d=+0.43% | Revisions=-46% | GrowthEPS=+6.3% | GrowthRev=+2.5%
[Analyst] Revisions Ratio: +22% (up=18, down=11)