SBA Communications Corp (SBAC) — Analysis Summary
SBA Communications Corp (SBAC) has a market cap of $19.83B with year-over-year revenue growth of +59.9%. Net margin stands at 430.9%. The stock trades at a P/E ratio of 20.0.
Key Takeaways
- Revenue changed +59.9% year-over-year
- Net margin of 430.9%
- P/E ratio of 20.0
Compared to other companies in the REAL ESTATE INVESTMENT TRUSTS sector, SBAC posted revenue growth of +59.9% and trades at a P/E of 20.0.
SBA Communications Corp (SBAC)
UPDATED — ET · MARKET DATA POLYGON · FINANCIALS SEC EDGAR
Red Flags & WarningsHigh Risk Signals
Multiple material red flags are active and deserve closer underwriting before relying on any valuation output.
Debt/EBITDA at 7.5x — highly leveraged, potential refinancing risk
Current ratio at 0.17x — severe short-term liquidity risk
Shareholder equity is negative, which can signal balance-sheet stress.
Gross margin at 946.8% — verify: very few businesses sustain >90% gross margin outside pure software/IP
SBA Communications owns a portfolio of about 46,000 wireless towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who install equipment to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market generated by the top three or four mobile carriers. It owns more than 17,000 towers in the US, which account for about 70% of leasing revenue. Internationally, SBA's largest markets are Brazil and Guatemala, where it owns roughly 12,000 and 5,000 towers, respectively. SBA operates as a real estate investment trust.
Sector
REAL ESTATE INVESTMENT TRUSTS
Employees
1,844
Headquarters
BOCA RATON, FL
Exchange
XNAS
Systematic competitive advantage assessment based on 4yr data
This assessment is based on quantitative analysis of historical financial data and does not constitute investment advice. Moat ratings may change with industry and competitive dynamics.
First version surfaces recent SEC Forms 3, 4, and 5 activity. It does not yet parse individual buy/sell transactions.
Capital Structure
Cash Flow
Annual Dividend/Share
$5.00
Dividend Yield
2.62%
Dividend History
Disclaimer: This is not financial advice. Data sourced from SEC EDGAR and Polygon.io. Past performance does not guarantee future results. Always conduct your own research before making investment decisions.