181.2 USD
-0.16 (-0.09%)
181.2 USD
0 (0%)
Overall SBAC gets a fundamental rating of 5 out of 10. We evaluated SBAC against 30 industry peers in the Specialized REITs industry. While SBAC has a great profitability rating, there are quite some concerns on its financial health. SBAC is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year SBAC was profitable.
SBAC had a positive operating cash flow in the past year.
Each year in the past 5 years SBAC has been profitable.
SBAC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of SBAC (7.61%) is better than 90.00% of its industry peers.
SBAC has a Return On Invested Capital of 12.88%. This is amongst the best in the industry. SBAC outperforms 100.00% of its industry peers.
SBAC had an Average Return On Invested Capital over the past 3 years of 10.28%. This is significantly above the industry average of 4.86%.
The last Return On Invested Capital (12.88%) for SBAC is above the 3 year average (10.28%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.61% | ||
| ROE | N/A | ||
| ROIC | 12.88% |
ROA(3y)5.28%
ROA(5y)3.71%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)10.28%
ROIC(5y)8.89%
1.3 Margins
Looking at the Profit Margin, with a value of 30.72%, SBAC is in the better half of the industry, outperforming 76.67% of the companies in the same industry.
In the last couple of years the Profit Margin of SBAC has grown nicely.
SBAC's Operating Margin of 56.42% is amongst the best of the industry. SBAC outperforms 90.00% of its industry peers.
In the last couple of years the Operating Margin of SBAC has grown nicely.
With a decent Gross Margin value of 76.06%, SBAC is doing good in the industry, outperforming 66.67% of the companies in the same industry.
SBAC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 56.42% | ||
| PM (TTM) | 30.72% | ||
| GM | 76.06% |
OM growth 3Y17.06%
OM growth 5Y13.31%
PM growth 3Y39.56%
PM growth 5Y30.83%
GM growth 3Y0.83%
GM growth 5Y0.72%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), SBAC is creating value.
Compared to 1 year ago, SBAC has less shares outstanding
Compared to 5 years ago, SBAC has less shares outstanding
SBAC has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.43, we must say that SBAC is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of SBAC (0.43) is worse than 76.67% of its industry peers.
The Debt to FCF ratio of SBAC is 11.77, which is on the high side as it means it would take SBAC, 11.77 years of fcf income to pay off all of its debts.
SBAC has a Debt to FCF ratio of 11.77. This is in the better half of the industry: SBAC outperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 11.77 | ||
| Altman-Z | 0.43 |
ROIC/WACC1.82
WACC7.07%
2.3 Liquidity
A Current Ratio of 0.50 indicates that SBAC may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.50, SBAC is doing worse than 63.33% of the companies in the same industry.
A Quick Ratio of 0.50 indicates that SBAC may have some problems paying its short term obligations.
The Quick ratio of SBAC (0.50) is worse than 63.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.5 | ||
| Quick Ratio | 0.5 |
3. Growth
3.1 Past
SBAC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.98%, which is quite impressive.
SBAC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 40.01% yearly.
Looking at the last year, SBAC shows a small growth in Revenue. The Revenue has grown by 4.82% in the last year.
Measured over the past years, SBAC shows a small growth in Revenue. The Revenue has been growing by 5.87% on average per year.
EPS 1Y (TTM)20.98%
EPS 3Y48.25%
EPS 5Y40.01%
EPS Q2Q%-8.33%
Revenue 1Y (TTM)4.82%
Revenue growth 3Y5.09%
Revenue growth 5Y5.87%
Sales Q2Q%9.7%
3.2 Future
SBAC is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.24% yearly.
SBAC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.28% yearly.
EPS Next Y44.7%
EPS Next 2Y13.73%
EPS Next 3Y9.7%
EPS Next 5Y6.24%
Revenue Next Year5.73%
Revenue Next 2Y3.75%
Revenue Next 3Y2.91%
Revenue Next 5Y4.28%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
SBAC is valuated rather expensively with a Price/Earnings ratio of 23.62.
Based on the Price/Earnings ratio, SBAC is valued a bit cheaper than 80.00% of the companies in the same industry.
SBAC's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.19.
A Price/Forward Earnings ratio of 20.19 indicates a rather expensive valuation of SBAC.
76.67% of the companies in the same industry are more expensive than SBAC, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.88. SBAC is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.62 | ||
| Fwd PE | 20.19 |
4.2 Price Multiples
66.67% of the companies in the same industry are more expensive than SBAC, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, SBAC is valued a bit cheaper than 76.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.88 | ||
| EV/EBITDA | 17.06 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of SBAC may justify a higher PE ratio.
PEG (NY)0.53
PEG (5Y)0.59
EPS Next 2Y13.73%
EPS Next 3Y9.7%
5. Dividend
5.1 Amount
SBAC has a Yearly Dividend Yield of 2.45%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 5.70, SBAC's dividend is way lower than its industry peers. On top of this 83.33% of the companies listed in the same industry pay a better dividend than SBAC!
SBAC's Dividend Yield is a higher than the S&P500 average which is at 1.90.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.45% |
5.2 History
On average, the dividend of SBAC grows each year by 39.51%, which is quite nice.
SBAC has been paying a dividend for over 5 years, so it has already some track record.
As SBAC did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)39.51%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
54.40% of the earnings are spent on dividend by SBAC. This is a bit on the high side, but may be sustainable.
SBAC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP54.4%
EPS Next 2Y13.73%
EPS Next 3Y9.7%
181.2
-0.16 (-0.09%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners101.63%
Inst Owner Change0%
Ins Owners0.7%
Ins Owner Change-1.8%
Market Cap19.31B
Revenue(TTM)2.79B
Net Income(TTM)856.97M
Analysts75.2
Price Target237.02 (30.81%)
Short Float %2.02%
Short Ratio2.33
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.45% |
Yearly Dividend3.93
Dividend Growth(5Y)39.51%
DP54.4%
Div Incr Years5
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.52%
Min EPS beat(2)-3.21%
Max EPS beat(2)-1.82%
EPS beat(4)0
Avg EPS beat(4)-12.75%
Min EPS beat(4)-23.81%
Max EPS beat(4)-1.82%
EPS beat(8)2
Avg EPS beat(8)-11.06%
EPS beat(12)3
Avg EPS beat(12)-9.43%
EPS beat(16)4
Avg EPS beat(16)-7.32%
Revenue beat(2)2
Avg Revenue beat(2)1.18%
Min Revenue beat(2)0.25%
Max Revenue beat(2)2.11%
Revenue beat(4)2
Avg Revenue beat(4)0.13%
Min Revenue beat(4)-1.62%
Max Revenue beat(4)2.11%
Revenue beat(8)2
Avg Revenue beat(8)-1.39%
Revenue beat(12)2
Avg Revenue beat(12)-1.46%
Revenue beat(16)5
Avg Revenue beat(16)-0.9%
PT rev (1m)-0.27%
PT rev (3m)-7.72%
EPS NQ rev (1m)0%
EPS NQ rev (3m)60.67%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)16.68%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.33%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.62 | ||
| Fwd PE | 20.19 | ||
| P/S | 6.92 | ||
| P/FCF | 17.88 | ||
| P/OCF | 14.88 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.06 |
EPS(TTM)7.67
EY4.23%
EPS(NY)8.98
Fwd EY4.95%
FCF(TTM)10.13
FCFY5.59%
OCF(TTM)12.18
OCFY6.72%
SpS26.18
BVpS-46.31
TBVpS-71.88
PEG (NY)0.53
PEG (5Y)0.59
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.61% | ||
| ROE | N/A | ||
| ROCE | 16.31% | ||
| ROIC | 12.88% | ||
| ROICexc | 13.49% | ||
| ROICexgc | 19.15% | ||
| OM | 56.42% | ||
| PM (TTM) | 30.72% | ||
| GM | 76.06% | ||
| FCFM | 38.71% |
ROA(3y)5.28%
ROA(5y)3.71%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)10.28%
ROIC(5y)8.89%
ROICexc(3y)10.61%
ROICexc(5y)9.2%
ROICexgc(3y)14.63%
ROICexgc(5y)13.14%
ROCE(3y)13.01%
ROCE(5y)11.26%
ROICexgc growth 3Y18.17%
ROICexgc growth 5Y12.75%
ROICexc growth 3Y21.4%
ROICexc growth 5Y18.43%
OM growth 3Y17.06%
OM growth 5Y13.31%
PM growth 3Y39.56%
PM growth 5Y30.83%
GM growth 3Y0.83%
GM growth 5Y0.72%
F-Score6
Asset Turnover0.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 11.77 | ||
| Debt/EBITDA | 6.45 | ||
| Cap/Depr | 78.58% | ||
| Cap/Sales | 7.8% | ||
| Interest Coverage | 3.49 | ||
| Cash Conversion | 70.11% | ||
| Profit Quality | 126.01% | ||
| Current Ratio | 0.5 | ||
| Quick Ratio | 0.5 | ||
| Altman-Z | 0.43 |
F-Score6
WACC7.07%
ROIC/WACC1.82
Cap/Depr(3y)49.33%
Cap/Depr(5y)36.98%
Cap/Sales(3y)8.46%
Cap/Sales(5y)7.47%
Profit Quality(3y)213.48%
Profit Quality(5y)1044.71%
High Growth Momentum
Growth
EPS 1Y (TTM)20.98%
EPS 3Y48.25%
EPS 5Y40.01%
EPS Q2Q%-8.33%
EPS Next Y44.7%
EPS Next 2Y13.73%
EPS Next 3Y9.7%
EPS Next 5Y6.24%
Revenue 1Y (TTM)4.82%
Revenue growth 3Y5.09%
Revenue growth 5Y5.87%
Sales Q2Q%9.7%
Revenue Next Year5.73%
Revenue Next 2Y3.75%
Revenue Next 3Y2.91%
Revenue Next 5Y4.28%
EBIT growth 1Y8.35%
EBIT growth 3Y23.01%
EBIT growth 5Y19.96%
EBIT Next Year26.85%
EBIT Next 3Y10.21%
EBIT Next 5Y8.73%
FCF growth 1Y-6.94%
FCF growth 3Y1.57%
FCF growth 5Y6.29%
OCF growth 1Y-7.35%
OCF growth 3Y3.91%
OCF growth 5Y6.59%
SBA COMMUNICATIONS CORP / SBAC FAQ
What is the ChartMill fundamental rating of SBA COMMUNICATIONS CORP (SBAC) stock?
ChartMill assigns a fundamental rating of 5 / 10 to SBAC.
Can you provide the valuation status for SBA COMMUNICATIONS CORP?
ChartMill assigns a valuation rating of 5 / 10 to SBA COMMUNICATIONS CORP (SBAC). This can be considered as Fairly Valued.
Can you provide the profitability details for SBA COMMUNICATIONS CORP?
SBA COMMUNICATIONS CORP (SBAC) has a profitability rating of 8 / 10.
Can you provide the PE and PB ratios for SBAC stock?
The Price/Earnings (PE) ratio for SBA COMMUNICATIONS CORP (SBAC) is 23.62 and the Price/Book (PB) ratio is -3.91.
How sustainable is the dividend of SBA COMMUNICATIONS CORP (SBAC) stock?
The dividend rating of SBA COMMUNICATIONS CORP (SBAC) is 4 / 10 and the dividend payout ratio is 54.4%.