194.27 USD
-0.52 (-0.27%)
194.27 USD
0 (0%)
SBAC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 30 industry peers in the Specialized REITs industry. SBAC scores excellent on profitability, but there are 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
SBAC had positive earnings in the past year.
SBAC had a positive operating cash flow in the past year.
In the past 5 years SBAC has always been profitable.
Each year in the past 5 years SBAC had a positive operating cash flow.
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 4.77%.
The 3 year average ROIC (10.28%) for SBAC is below the current ROIC(12.88%), indicating increased profibility in the last year.
| 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
SBAC's Profit Margin of 30.72% is fine compared to the rest of the industry. SBAC outperforms 76.67% of its industry peers.
SBAC's Profit Margin has improved in the last couple of years.
SBAC's Operating Margin of 56.42% is amongst the best of the industry. SBAC outperforms 90.00% of its industry peers.
SBAC's Operating Margin has improved in the last couple of years.
The Gross Margin of SBAC (76.06%) is better than 66.67% of its industry peers.
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
SBAC has less shares outstanding than it did 5 years ago.
The debt/assets ratio for SBAC has been reduced compared to a year ago.
2.2 Solvency
SBAC has an Altman-Z score of 0.49. This is a bad value and indicates that SBAC is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.49, SBAC is not doing good in the industry: 73.33% of the companies in the same industry are doing better.
SBAC has a debt to FCF ratio of 11.77. This is a negative value and a sign of low solvency as SBAC would need 11.77 years to pay back of all of its debts.
SBAC's Debt to FCF ratio of 11.77 is fine compared to the rest 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 | 0.49 |
ROIC/WACC1.89
WACC6.82%
2.3 Liquidity
SBAC has a Current Ratio of 0.50. This is a bad value and indicates that SBAC is not financially healthy enough and could expect problems in meeting its short term obligations.
SBAC's Current ratio of 0.50 is on the low side compared to the rest of the industry. SBAC is outperformed by 66.67% of its industry peers.
SBAC has a Quick Ratio of 0.50. This is a bad value and indicates that SBAC is not financially healthy enough and could expect problems in meeting its short term obligations.
SBAC has a Quick ratio of 0.50. This is in the lower half of the industry: SBAC underperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.5 | ||
| Quick Ratio | 0.5 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 20.98% over the past year.
The Earnings Per Share has been growing by 40.01% on average over the past years. This is a very strong growth
Looking at the last year, SBAC shows a small growth in Revenue. The Revenue has grown by 4.82% in the last year.
SBAC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.87% yearly.
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
Based on estimates for the next years, SBAC will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.22% on average per year.
Based on estimates for the next years, SBAC will show a small growth in Revenue. The Revenue will grow by 4.24% on average per year.
EPS Next Y24.49%
EPS Next 2Y14.93%
EPS Next 3Y10.3%
EPS Next 5Y9.22%
Revenue Next Year5.18%
Revenue Next 2Y3.79%
Revenue Next 3Y3.24%
Revenue Next 5Y4.24%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
SBAC is valuated quite expensively with a Price/Earnings ratio of 25.33.
Based on the Price/Earnings ratio, SBAC is valued a bit cheaper than the industry average as 73.33% of the companies are valued more expensively.
SBAC's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.31.
A Price/Forward Earnings ratio of 21.19 indicates a rather expensive valuation of SBAC.
Based on the Price/Forward Earnings ratio, SBAC is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
SBAC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 36.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.33 | ||
| Fwd PE | 21.19 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SBAC.
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 | 19.32 | ||
| EV/EBITDA | 17.93 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
SBAC has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.03
PEG (5Y)0.63
EPS Next 2Y14.93%
EPS Next 3Y10.3%
5. Dividend
5.1 Amount
SBAC has a Yearly Dividend Yield of 2.28%. Purely for dividend investing, there may be better candidates out there.
With a Dividend Yield of 2.28, SBAC pays less dividend than the industry average, which is at 6.01. 90.00% of the companies listed in the same industry pay a better dividend than SBAC!
SBAC's Dividend Yield is comparable with the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.28% |
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
SBAC pays out 54.40% of its income as dividend. 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 2Y14.93%
EPS Next 3Y10.3%
194.27
-0.52 (-0.27%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners101.92%
Inst Owner Change-1.33%
Ins Owners0.7%
Ins Owner Change0.04%
Market Cap20.70B
Revenue(TTM)2.79B
Net Income(TTM)856.97M
Analysts75.2
Price Target238.55 (22.79%)
Short Float %1.87%
Short Ratio1.69
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.28% |
Yearly Dividend3.93
Dividend Growth(5Y)39.51%
DP54.4%
Div Incr Years5
Div Non Decr Years5
Ex-Date
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)-7.12%
PT rev (3m)-9.5%
EPS NQ rev (1m)50.28%
EPS NQ rev (3m)50.48%
EPS NY rev (1m)0%
EPS NY rev (3m)0.68%
Revenue NQ rev (1m)-0.55%
Revenue NQ rev (3m)-0.48%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.33 | ||
| Fwd PE | 21.19 | ||
| P/S | 7.48 | ||
| P/FCF | 19.32 | ||
| P/OCF | 16.08 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.93 |
EPS(TTM)7.67
EY3.95%
EPS(NY)9.17
Fwd EY4.72%
FCF(TTM)10.06
FCFY5.18%
OCF(TTM)12.08
OCFY6.22%
SpS25.98
BVpS-45.95
TBVpS-71.33
PEG (NY)1.03
PEG (5Y)0.63
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 | 0.49 |
F-Score6
WACC6.82%
ROIC/WACC1.89
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 Y24.49%
EPS Next 2Y14.93%
EPS Next 3Y10.3%
EPS Next 5Y9.22%
Revenue 1Y (TTM)4.82%
Revenue growth 3Y5.09%
Revenue growth 5Y5.87%
Sales Q2Q%9.7%
Revenue Next Year5.18%
Revenue Next 2Y3.79%
Revenue Next 3Y3.24%
Revenue Next 5Y4.24%
EBIT growth 1Y8.35%
EBIT growth 3Y23.01%
EBIT growth 5Y19.96%
EBIT Next Year26.98%
EBIT Next 3Y10.88%
EBIT Next 5Y8.83%
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.
What is the valuation status for SBAC stock?
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.
How financially healthy is SBA COMMUNICATIONS CORP?
The financial health rating of SBA COMMUNICATIONS CORP (SBAC) is 3 / 10.
Is the dividend of SBA COMMUNICATIONS CORP sustainable?
The dividend rating of SBA COMMUNICATIONS CORP (SBAC) is 4 / 10 and the dividend payout ratio is 54.4%.