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Real Estate - REIT - Specialty - NASDAQ - US
$ 221.09
1.2 %
$ 23.8 B
Market Cap
34.87
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one SBAC stock under the base case scenario is HIDDEN Compared to the current market price of 221 USD, SBA Communications Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart SBAC

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FINANCIALS
2.71 B REVENUE
2.97%
924 M OPERATING INCOME
-0.19%
502 M NET INCOME
9.14%
1.54 B OPERATING CASH FLOW
17.20%
-468 M INVESTING CASH FLOW
66.40%
-1.02 B FINANCING CASH FLOW
-507.39%
668 M REVENUE
1.08%
376 M OPERATING INCOME
-2.94%
256 M NET INCOME
57.15%
305 M OPERATING CASH FLOW
-28.42%
-274 M INVESTING CASH FLOW
-125.98%
-65.9 M FINANCING CASH FLOW
76.16%
Balance Sheet Decomposition SBA Communications Corporation
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Current Assets 484 M
Cash & Short-Term Investments 209 M
Receivables 183 M
Other Current Assets 93 M
Non-Current Assets 9.69 B
Long-Term Investments 133 M
PP&E 6.43 B
Other Non-Current Assets 3.13 B
Current Liabilities 1.36 B
Accounts Payable 42.2 M
Short-Term Debt 1.19 B
Other Current Liabilities 131 M
Non-Current Liabilities 14 B
Long-Term Debt 13.5 B
Other Non-Current Liabilities 404 M
EFFICIENCY
Earnings Waterfall SBA Communications Corporation
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Revenue 2.71 B
Cost Of Revenue 613 M
Gross Profit 2.1 B
Operating Expenses 1.15 B
Operating Income 924 M
Other Expenses 422 M
Net Income 502 M
RATIOS
77.41% GROSS MARGIN
77.41%
34.06% OPERATING MARGIN
34.06%
18.51% NET MARGIN
18.51%
-9.70% ROE
-9.70%
4.93% ROA
4.93%
11.28% ROIC
11.28%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis SBA Communications Corporation
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Net Income 502 M
Depreciation & Amortization 737 M
Capital Expenditures -367 M
Stock-Based Compensation 87.9 M
Change in Working Capital 64.5 M
Others 169 M
Free Cash Flow 1.18 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets SBA Communications Corporation
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Wall Street analysts predict an average 1-year price target for SBAC of $242 , with forecasts ranging from a low of $220 to a high of $280 .
SBAC Lowest Price Target Wall Street Target
220 USD -0.49%
SBAC Average Price Target Wall Street Target
242 USD 9.68%
SBAC Highest Price Target Wall Street Target
280 USD 26.65%
4. DIVIDEND ANALYSIS
0.41% DIVIDEND YIELD
0.98 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership SBA Communications Corporation
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Sold
0-3 MONTHS
436 K USD 2
3-6 MONTHS
11 M USD 1
6-9 MONTHS
431 K USD 1
9-12 MONTHS
62.8 M USD 8
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
2 months ago
Sep 13, 2024
Sell 364 K USD
DAY DONALD
EVP - SITE LEASING
- 1500
242.86 USD
2 months ago
Aug 21, 2024
Sell 71.4 K USD
Krouse George R Jr
Director
- 325
219.58 USD
3 months ago
Aug 01, 2024
Sell 10.6 M USD
STOOPS JEFFREY
director, other: CHAIRMAN
- 47900
221.98 USD
3 months ago
Aug 01, 2024
Sell 415 K USD
STOOPS JEFFREY
director, other: CHAIRMAN
- 1865
222.66 USD
8 months ago
Mar 05, 2024
Sell 431 K USD
Chan Mary S
Director
- 1977
217.99 USD
11 months ago
Dec 14, 2023
Sell 730 K USD
SILBERSTEIN JASON V
EVP - Site Leasing
- 2868
254.545 USD
11 months ago
Dec 14, 2023
Sell 2.54 M USD
SILBERSTEIN JASON V
EVP - Site Leasing
- 9961
255.3275 USD
11 months ago
Dec 14, 2023
Sell 842 K USD
SILBERSTEIN JASON V
EVP - Site Leasing
- 3283
256.4137 USD
11 months ago
Dec 14, 2023
Sell 90.7 K USD
SILBERSTEIN JASON V
EVP - Site Leasing
- 353
257.0188 USD
11 months ago
Dec 13, 2023
Sell 3.46 M USD
Lazarus Brian D
SVP & Chief Accounting Officer
- 13890
248.7679 USD
11 months ago
Dec 13, 2023
Sell 979 K USD
Lazarus Brian D
SVP & Chief Accounting Officer
- 3915
250.1228 USD
11 months ago
Dec 13, 2023
Sell 703 K USD
Lazarus Brian D
SVP & Chief Accounting Officer
- 2800
251.1747 USD
11 months ago
Dec 05, 2023
Sell 11.5 M USD
BERNSTEIN STEVEN E
Director
- 45983
250.0988 USD
11 months ago
Dec 05, 2023
Sell 23.3 K USD
BERNSTEIN STEVEN E
Director
- 93
250.59 USD
11 months ago
Dec 06, 2023
Sell 1.85 M USD
BERNSTEIN STEVEN E
Director
- 7300
253.8875 USD
11 months ago
Nov 29, 2023
Sell 1.23 M USD
Ciarfella Mark R
EVP - Operations
- 5000
245.0462 USD
11 months ago
Nov 27, 2023
Sell 4.14 M USD
STOOPS JEFFREY
Chief Executive Officer & Pres
- 17439
237.2383 USD
11 months ago
Nov 27, 2023
Sell 2.15 M USD
STOOPS JEFFREY
Chief Executive Officer & Pres
- 9043
237.9623 USD
11 months ago
Nov 27, 2023
Sell 2.73 M USD
STOOPS JEFFREY
Chief Executive Officer & Pres
- 11407
238.9902 USD
11 months ago
Nov 27, 2023
Sell 304 K USD
KOENIG JOSHUA
Executive VP/General Counsel
- 1275
238.5 USD
11 months ago
Nov 20, 2023
Sell 117 K USD
Krouse George R Jr
Director
- 500
234.426 USD
1 year ago
Nov 15, 2023
Sell 7.63 M USD
STOOPS JEFFREY
Chief Executive Officer & Pres
- 32638
233.7972 USD
1 year ago
Nov 15, 2023
Sell 3.08 M USD
STOOPS JEFFREY
Chief Executive Officer & Pres
- 13141
234.3754 USD
1 year ago
Nov 14, 2023
Sell 351 K USD
BEEBE KEVIN L
Director
- 1500
233.8292 USD
1 year ago
Nov 10, 2023
Sell 7.65 M USD
STOOPS JEFFREY
Chief Executive Officer & Pres
- 35000
218.4559 USD
1 year ago
Nov 14, 2023
Sell 6.64 M USD
STOOPS JEFFREY
Chief Executive Officer & Pres
- 28784
230.7729 USD
1 year ago
Nov 14, 2023
Sell 753 K USD
STOOPS JEFFREY
Chief Executive Officer & Pres
- 3246
232.0024 USD
1 year ago
Nov 14, 2023
Sell 10.9 M USD
STOOPS JEFFREY
Chief Executive Officer & Pres
- 46941
233.0616 USD
1 year ago
Aug 11, 2023
Sell 85.1 K USD
Krouse George R Jr
Director
- 371
229.297 USD
2 years ago
Aug 15, 2022
Sell 2.92 M USD
Ciarfella Mark R
EVP - Operations
- 8213
355.5035 USD
2 years ago
Aug 10, 2022
Sell 140 K USD
SILBERSTEIN JASON V
EVP - Site Leasing
- 400
351 USD
2 years ago
Aug 08, 2022
Sell 7.79 M USD
STOOPS JEFFREY
Chief Executive Officer & Pres
- 22563
345.0871 USD
2 years ago
Aug 09, 2022
Sell 17.8 M USD
STOOPS JEFFREY
Chief Executive Officer & Pres
- 51701
345.1922 USD
2 years ago
Aug 09, 2022
Sell 2.32 M USD
STOOPS JEFFREY
Chief Executive Officer & Pres
- 6700
346.3837 USD
2 years ago
Aug 09, 2022
Sell 2.64 M USD
STOOPS JEFFREY
Chief Executive Officer & Pres
- 7600
347.3789 USD
2 years ago
Aug 05, 2022
Sell 1.98 M USD
Ciarfella Mark R
EVP - Operations
- 5760
343.94 USD
2 years ago
Aug 04, 2022
Sell 135 K USD
Krouse George R Jr
director:
- 391
344.9771 USD
2 years ago
Aug 04, 2022
Sell 397 K USD
COCROFT DUNCAN
Director
- 1151
344.5003 USD
2 years ago
Aug 04, 2022
Sell 267 USD
COCROFT DUNCAN
director:
- 0.772
346.26 USD
2 years ago
Jun 07, 2022
Sell 338 K USD
Ciarfella Mark R
EVP - Operations
- 1000
338.05 USD
2 years ago
May 24, 2022
Sell 878 K USD
STOOPS JEFFREY
Chief Executive Officer & Pres
- 2560
343.13 USD
2 years ago
May 24, 2022
Sell 6.2 M USD
STOOPS JEFFREY
Chief Executive Officer & Pres
- 18038
343.9 USD
2 years ago
May 24, 2022
Sell 3.24 M USD
STOOPS JEFFREY
Chief Executive Officer & Pres
- 9402
344.64 USD
2 years ago
May 03, 2022
Sell 657 K USD
BEEBE KEVIN L
director:
- 1889
347.72 USD
3 years ago
Nov 17, 2021
Bought 1.4 K USD
Cavanagh Brendan Thomas
Executive Vice President & CFO
+ 4
350.37 USD
4 years ago
Jun 11, 2020
Bought 882 USD
Cavanagh Brendan Thomas
Executive Vice President & CFO
+ 3
294.04 USD
5 years ago
Nov 11, 2019
Bought 690 USD
Cavanagh Brendan Thomas
Executive Vice President & CFO
+ 3
229.98 USD
5 years ago
Oct 10, 2019
Bought 726 USD
Cavanagh Brendan Thomas
Executive Vice President & CFO
+ 3
242.08 USD
3 years ago
Mar 02, 2021
Sell 742 USD
Cavanagh Brendan Thomas
Executive Vice President & CFO
- 3
247.47 USD
2 years ago
Mar 09, 2022
Sell 1.24 M USD
BAGWELL KURT L
EVP; Pres. - International
- 3757.382
330 USD
2 years ago
Mar 08, 2022
Sell 164 K USD
Krouse George R Jr
director:
- 500
328.88 USD
7. News
SBA Communications: Still An Appealing Play Despite Mixed Quarterly Results SBA Communications Corporation reported mixed Q3 2024 results, with earnings per share and FFO exceeding estimates but revenue falling short, leading to a tepid market reaction. Despite revenue decline, the company raised full-year 2024 guidance, showing confidence in future performance and maintaining a bullish outlook. Shares have outperformed the S&P 500 by 22% since April, and the stock remains a decent 'buy' candidate due to its valuation and stability. seekingalpha.com - 2 weeks ago
SBA Communications' Q3 AFFO Meets Estimates, Revenues Fall Y/Y SBAC's Q3 results reflect marginal improvement in domestic cash site-leasing revenues with increasing carrier activity. Lower site development revenues hurt. zacks.com - 2 weeks ago
SBA Communications Corporation (SBAC) Q3 2024 Earnings Call Transcript SBA Communications Corporation (NASDAQ:SBAC ) Q3 2024 Earnings Conference Call October 28, 2024 5:00 PM ET Company Participants Mark DeRussy - VP of Finance Brendan Cavanagh - CEO Marc Montagner - CFO Conference Call Participants Batya Levi - UBS Ric Prentiss - Raymond James Jim Schneider - Goldman Sachs Brandon Nispel - KeyBanc Simon Flannery - Morgan Stanley Jon Atkin - RBC Richard Choe - JPMorgan Matt Niknam - Deutsche Bank Nick Del Deo - MoffettNathanson Eric Luebchow - Wells Fargo Securities Walter Piecyk - LightShed Partners David Barden - Bank of America Michael Rollins - Citi Brendan Lynch - Barclays David Guarino - Green Street Operator Thank you for standing by, and welcome to the SBA Communications Third Quarter Results Conference. At this time all participants are in a listen-only mode. seekingalpha.com - 2 weeks ago
Compared to Estimates, SBA Communications (SBAC) Q3 Earnings: A Look at Key Metrics The headline numbers for SBA Communications (SBAC) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 2 weeks ago
SBA Communications (SBAC) Matches Q3 FFO Estimates SBA Communications (SBAC) came out with quarterly funds from operations (FFO) of $3.32 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $3.34 per share a year ago. zacks.com - 2 weeks ago
SBA Communications raises annual adjusted FFO forecast on steady demand SBA Communications raised its annual forecast for adjusted funds from operations on Monday, anticipating a steady wireless carrier activity on the back of growing demand for 5G network. reuters.com - 2 weeks ago
SBA Communications Corporation Reports Third Quarter 2024 Results; Updates Full Year 2024 Outlook; and Declares Quarterly Cash Dividend BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended September 30, 2024. Highlights of the third quarter include: Net income of $255.9 million or $2.40 per share Industry-leading AFFO per share of $3.32 Increased full year 2024 outlook across all key metrics Issued $2.07 billion of Tower Securities at a blended effective rate of 4.778%, more than 1% below the previously estimated rate Entered into. businesswire.com - 2 weeks ago
What's in the Cards for SBA Communications Stock This Earnings Season? SBAC's Q3 earnings are likely to have been affected by ongoing consolidation in the wireless industry and higher churn. zacks.com - 3 weeks ago
Unveiling SBA Communications (SBAC) Q3 Outlook: Wall Street Estimates for Key Metrics Besides Wall Street's top -and-bottom-line estimates for SBA Communications (SBAC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024. zacks.com - 3 weeks ago
These Magnificent Dividend Stocks Have Made Investors a Lot Richer Over the Past 20 Years These five REITs ranked as the top performers over the past two decades. fool.com - 3 weeks ago
SBA Communications Corporation: A Capital Structure Supporting Dividend Growth (Earnings Preview) The Fed easing monetary conditions impacts cell tower REITs considerably given the capital intensity of investments and the dividends they pay. Utilizing a higher level of debt, lower rates should have a better impact on SBAC Communications, namely on profitability and FFO, meaning it deserves better. Also, a comparison with peers indicates its capital structure may be more suitable for the current environment without forgetting the growth drivers likely to offset weakness. seekingalpha.com - 3 weeks ago
3 REITs Likely to Turn Out Winners This Earnings Season With the REIT industry offering a real estate structure for several economic activities - real or virtual - there are pockets of strength. This is likely to be reflected in the earnings releases of DLR, AVB and SBAC. zacks.com - 4 weeks ago
8. Profile Summary

SBA Communications Corporation SBAC

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COUNTRY US
INDUSTRY REIT - Specialty
MARKET CAP $ 23.8 B
Dividend Yield 0.41%
Description 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.
Contact 8051 Congress Avenue, Boca Raton, FL, 33487 https://www.sbasite.com
IPO Date June 16, 1999
Employees 1787
Officers Mr. Brian D. Lazarus CPA Senior Vice President & Chief Accounting Officer Ms. Michelle Eisner Senior Vice President & Chief Human Resources Officer Mr. Neil H. Seidman Senior Vice President of Mergers and Acquisitions Mr. Steven E. Bernstein II Founder & Independent Director Mr. Brendan Thomas Cavanagh CPA Chief Executive Officer, President & Director Mr. Mark R. Ciarfella Executive Vice President of Operations Mr. Richard M. Cane Executive Vice President & President – International Mr. Marc R. Montagner Executive Vice President & Chief Financial Officer Mr. Elvis T. Clemetson Senior Vice President & Chief Information Officer Mr. Joshua M. Koenig Executive Vice President, Chief Administrative Officer & General Counsel