Sba Communications Corp Stock Buy Hold or Sell Recommendation
| SBAC Stock | USD 196.22 1.16 0.59% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding SBA Communications Corp is 'Strong Hold'. Macroaxis provides SBA Communications buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding SBAC positions. The advice algorithm takes into account all of SBA Communications' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting SBA Communications' buy or sell advice are summarized below:
Real Value 195.66 | Target Price 248.93 | Hype Value 195.33 | Market Value 196.22 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell SBA Communications Corp given historical horizon and risk tolerance towards SBA Communications. When Macroaxis issues a 'buy' or 'sell' recommendation for SBA Communications Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
SBA |
Execute SBA Communications Buy or Sell Advice
The SBA recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on SBA Communications Corp. Macroaxis does not own or have any residual interests in SBA Communications Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute SBA Communications' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
SBA Communications Trading Alerts and Improvement Suggestions
| SBA Communications generated a negative expected return over the last 90 days | |
| The company currently holds 14.46 B in liabilities with Debt to Equity (D/E) ratio of 16.46, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. SBA Communications Corp has a current ratio of 0.37, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist SBA Communications until it has trouble settling it off, either with new capital or with free cash flow. So, SBA Communications' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like SBA Communications Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for SBA to invest in growth at high rates of return. When we think about SBA Communications' use of debt, we should always consider it together with cash and equity. | |
| Over 100.0% of SBA Communications shares are owned by institutional investors | |
| On 28th of March 2024 SBA Communications paid $ 0.98 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Clarius Group LLC Grows Stock Position in SBA Communications Co. - Defense World |
SBA Communications Returns Distribution Density
The distribution of SBA Communications' historical returns is an attempt to chart the uncertainty of SBA Communications' future price movements. The chart of the probability distribution of SBA Communications daily returns describes the distribution of returns around its average expected value. We use SBA Communications Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of SBA Communications returns is essential to provide solid investment advice for SBA Communications.
| Mean Return | -0.29 | Value At Risk | -3.13 | Potential Upside | 2.56 | Standard Deviation | 1.74 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of SBA Communications historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
SBA Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as SBA Communications is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading SBA Communications Corp backward and forwards among themselves. SBA Communications' institutional investor refers to the entity that pools money to purchase SBA Communications' securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Massachusetts Financial Services Company | 2023-12-31 | 2 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.6 M | Dimensional Fund Advisors, Inc. | 2023-12-31 | 1.5 M | Legal & General Group Plc | 2023-12-31 | 1.4 M | Ameriprise Financial Inc | 2023-12-31 | 1.4 M | Citadel Advisors Llc | 2023-09-30 | 1.3 M | Charles Schwab Investment Management Inc | 2023-12-31 | 1.2 M | Diamond Hill Capital Management Inc | 2023-12-31 | 1.2 M | Northern Trust Corp | 2023-12-31 | 1.2 M | Vanguard Group Inc | 2023-12-31 | 17.3 M | Blackrock Inc | 2023-12-31 | 8.8 M |
SBA Communications Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (37.2M) | 201.7M | 92.8M | (246.3M) | 61.0M | 64.1M | |
| Free Cash Flow | 830.7M | 997.5M | 1.1B | 1.1B | 1.2B | 1.2B | |
| Depreciation | 697.1M | 722.0M | 700.2M | 707.6M | 736.5M | 413.4M | |
| Other Non Cash Items | 41.3M | 327.2M | 211.2M | 98.6M | 149.0M | 91.1M | |
| Capital Expenditures | 154.2M | 128.6M | 133.6M | 214.4M | 366.7M | 385.0M | |
| Net Income | 147.3M | 24.0M | 237.6M | 459.8M | 501.8M | 526.9M | |
| End Period Cash Flow | 141.1M | 342.8M | 435.6M | 189.3M | 246.7M | 134.5M | |
| Investments | (13.2M) | (49.5M) | (1.4B) | (1.4B) | (1.2B) | (1.1B) | |
| Change Receivables | (12.1M) | 38.2M | (38.2M) | (81.4M) | (73.2M) | (69.6M) | |
| Net Borrowings | 373.5M | 546.0M | 1.2B | 569.9M | 512.9M | 605.8M | |
| Change To Netincome | 111.9M | 311.2M | 267.7M | 211.6M | 243.4M | 148.8M |
SBA Communications Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to SBA Communications or Diversified REITs sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that SBA Communications' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a SBA stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.36 | |
β | Beta against NYSE Composite | 1.29 | |
σ | Overall volatility | 1.76 | |
Ir | Information ratio | -0.2 |
SBA Communications Volatility Alert
SBA Communications Corp exhibits very low volatility with skewness of -0.64 and kurtosis of 1.47. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure SBA Communications' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact SBA Communications' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.SBA Communications Fundamentals Vs Peers
Comparing SBA Communications' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze SBA Communications' direct or indirect competition across all of the common fundamentals between SBA Communications and the related equities. This way, we can detect undervalued stocks with similar characteristics as SBA Communications or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of SBA Communications' fundamental indicators could also be used in its relative valuation, which is a method of valuing SBA Communications by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare SBA Communications to competition |
| Fundamentals | SBA Communications | Peer Average |
| Return On Asset | 0.0647 | -0.14 |
| Profit Margin | 0.19 % | (1.27) % |
| Operating Margin | 0.42 % | (5.51) % |
| Current Valuation | 35.38 B | 16.62 B |
| Shares Outstanding | 108.02 M | 571.82 M |
| Shares Owned By Insiders | 0.86 % | 10.09 % |
| Shares Owned By Institutions | 99.51 % | 39.21 % |
| Number Of Shares Shorted | 2.72 M | 4.71 M |
| Price To Earning | 79.43 X | 28.72 X |
| Price To Sales | 8.05 X | 11.42 X |
| Revenue | 2.71 B | 9.43 B |
| Gross Profit | 1.94 B | 27.38 B |
| EBITDA | 1.84 B | 3.9 B |
| Net Income | 501.81 M | 570.98 M |
| Cash And Equivalents | 201.21 M | 2.7 B |
| Cash Per Share | 1.86 X | 5.01 X |
| Total Debt | 14.46 B | 5.32 B |
| Debt To Equity | 16.46 % | 48.70 % |
| Current Ratio | 0.38 X | 2.16 X |
| Book Value Per Share | (47.86) X | 1.93 K |
| Cash Flow From Operations | 1.54 B | 971.22 M |
| Short Ratio | 2.52 X | 4.00 X |
| Earnings Per Share | 4.60 X | 3.12 X |
| Price To Earnings To Growth | 2.83 X | 4.89 X |
| Target Price | 264.36 | |
| Number Of Employees | 1.79 K | 18.84 K |
| Beta | 0.55 | -0.15 |
| Market Capitalization | 21.07 B | 19.03 B |
| Total Asset | 10.18 B | 29.47 B |
| Retained Earnings | (7.45 B) | 9.33 B |
| Working Capital | (878.99 M) | 1.48 B |
| Current Asset | 858.2 M | 9.34 B |
| Current Liabilities | 738.77 M | 7.9 B |
Note: Acquisition by Cane Richard M of 693 shares of SBA Communications subject to Rule 16b-3 [view details]
SBA Communications Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as SBA . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About SBA Communications Buy or Sell Advice
When is the right time to buy or sell SBA Communications Corp? Buying financial instruments such as SBA Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 14.5B | 15.2B | 14.5B | 15.2B | Total Assets | 9.8B | 10.6B | 10.2B | 5.3B |
Use Investing Ideas to Build Portfolios
In addition to having SBA Communications in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out SBA Communications Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the SBA Communications Corp information on this page should be used as a complementary analysis to other SBA Communications' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for SBA Stock analysis
When running SBA Communications' price analysis, check to measure SBA Communications' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SBA Communications is operating at the current time. Most of SBA Communications' value examination focuses on studying past and present price action to predict the probability of SBA Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SBA Communications' price. Additionally, you may evaluate how the addition of SBA Communications to your portfolios can decrease your overall portfolio volatility.
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Is SBA Communications' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SBA Communications. If investors know SBA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SBA Communications listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.063 | Dividend Share 3.4 | Earnings Share 4.6 | Revenue Per Share 25.06 | Quarterly Revenue Growth (0.02) |
The market value of SBA Communications Corp is measured differently than its book value, which is the value of SBA that is recorded on the company's balance sheet. Investors also form their own opinion of SBA Communications' value that differs from its market value or its book value, called intrinsic value, which is SBA Communications' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SBA Communications' market value can be influenced by many factors that don't directly affect SBA Communications' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SBA Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if SBA Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SBA Communications' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.