SBAC - NASDAQ

SBA Communications Corporation

SBA Communications Corporation

SBACยทNASDAQ

$200.46

+2.2%
Real EstateREIT - Specialty

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. By Building Better Wireless, SBA generates revenue from two primary businesses site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts. For more information please visit: www.sbasite.com.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$21.26B
EPS9.8300
P/E Ratio20.39
Earnings Date08/03/2026
SBA Communications Corporation

SBA Communications Corporation Fair Value Envelope

SBAC ยท NASDAQ

Our analysis suggests that SBAC has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $200.4572, this represents a potential HIDDEN relative to our calculated worth for SBA Communications Corporation.

HIDDEN
Intrinsic Value
Current Price: $200.4572

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$13.8B
+ Cash & Equivalents$432.4M
Firm Value$14.2B
- Debt$15.3B
Equity Value-$1.1B
/ Shares Outstanding107,514,779B
DCF Value-$10
OVERVALUED BY 105%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$1.2B
$1.2B
$1.2B
$1.1B
$1.1B
$1.0B
$996.6M
$960.4M
$925.5M
$891.9M
Maintenance CapEx
-$43.3M
-$41.8M
-$40.2M
-$38.8M
-$37.4M
-$36.0M
-$34.7M
-$33.4M
-$32.2M
-$31.1M
Owner Earnings
$1.2B
$1.2B
$1.1B
$1.1B
$1.0B
$998.2M
$961.9M
$927.0M
$893.3M
$860.8M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$1.1B
$992.3M
$885.4M
$790.1M
$705.0M
$629.0M
$561.3M
$500.8M
$446.9M
$398.7M
Terminal Value represents 49.1% of Enterprise Value

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