SBA Communications Stock Today

SBAC Stock  USD 308.09  6.92  2.30%   
Market Performance
8 of 100
Odds Of Distress
Less than 35
SBA Communications is trading at 308.09 as of the 2nd of February 2023, a 2.30 percent up since the beginning of the trading day. The stock's open price was 301.17. SBA Communications has about a 35 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for SBA Communications Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of July 2022 and ending today, the 2nd of February 2023. Click here to learn more.
CUSIP
78410G104
Fiscal Year End
December
Business Domain
Real Estate
IPO Date
16th of June 1999
Category
Real Estate
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. 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. The company has 107.97 M outstanding shares of which 1.19 M shares are at this time shorted by private and institutional investors with about 1.95 trading days to cover. More on SBA Communications Corp

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+0.79HIWHighwoods Properties Earnings Call This WeekPairCorr
Follow Valuation Options Odds of Bankruptcy
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SBA Communications Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. SBA Communications' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SBA Communications or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, SBA Communications' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to SBA Communications' managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEO and President and DirectorJeffrey Stoops
Fama & French Classification
Average Analyst Recommendation
Analysts covering SBA Communications report their recommendations after researching SBA Communications' financial statements, talking to executives and customers, or listening in on SBA Communications' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering SBA Communications Corp. The SBA Communications consensus assessment is calculated by taking the average forecast from all of the analysts covering SBA Communications.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of SBA Communications Corp based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of SBA Communications Corp financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted136.5 M127.9 M
Notably Up
Up
Pretty Stable
Weighted Average Shares134.9 M125.7 M
Notably Up
Up
Very volatile
Return on Average Assets2.442.26
Significantly Up
Up
Slightly volatile
Net Cash Flow from Operations858.2 M1.1 B
Significantly Down
Up
Slightly volatile
Current Liabilities541.5 M554.7 M
Fairly Down
Up
Slightly volatile
Total Liabilities11 B13.6 B
Significantly Down
Up
Slightly volatile
Gross Margin66.9168.74
Fairly Down
Up
Pretty Stable
Total Debt8.2 B7.6 B
Significantly Up
Up
Slightly volatile
Asset Turnover0.210.22
Sufficiently Down
Up
Slightly volatile
Current Assets596.7 M553 M
Significantly Up
Up
Slightly volatile
Total Assets7.7 B8.8 B
Fairly Down
Up
Slightly volatile
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of SBA Communications' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyFairly Valued
Financial Strength
SBA Communications' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to SBA Communications' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
SBA Communications' bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of SBA Communications' outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand SBA Communications' financial leverage. It provides some insight into what part of SBA Communications' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on SBA Communications' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how SBA Communications deploys its capital and how much of that capital is borrowed.
Liquidity
SBA Communications cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 12.28 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 Communications 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.

Operating Cash Flow

858.2 Million
SBA Communications Corp (SBAC) is traded on NASDAQ Exchange in USA and employs 1,596 people. SBA Communications is listed under Equity Real Estate Investment Trusts (REITs) category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 32.12 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate SBA Communications's market, we take the total number of its shares issued and multiply it by SBA Communications's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. SBA Communications Corp conducts business under Equity Real Estate Investment Trusts (REITs) sector and is part of Real Estate industry. The entity has 107.97 M outstanding shares of which 1.19 M shares are at this time shorted by private and institutional investors with about 1.95 trading days to cover. SBA Communications Corp currently holds about 201.21 M in cash with 1.19 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.86.
Check SBA Communications Probability Of Bankruptcy
Ownership
SBA Communications Corp shows a total of 107.97 Million outstanding shares. The majority of SBA Communications Corp outstanding shares are owned by institutions. These other corporate entities are usually referred to as non-private investors looking to take positions in SBA Communications Corp to benefit from reduced commissions. Thereupon, outside corporations are subject to a different set of regulations than regular investors in SBA Communications Corp. Please pay attention to any change in the institutional holdings of SBA Communications as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation

Check SBA Communications Ownership Details

SBA Communications Stock Price Odds Analysis

What are SBA Communications' target price odds to finish over the current price? Depending on a normal probability distribution, the odds of SBA Communications jumping above the current price in 90 days from now is roughly 2.62%. The SBA Communications Corp probability density function shows the probability of SBA Communications stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.3569. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, SBA Communications will likely underperform. Additionally, the company has an alpha of 0.0329, implying that it can generate a 0.0329 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 308.09HorizonTargetOdds Above 308.09
97.32%90 days
 308.09 
2.62%
Based on a normal probability distribution, the odds of SBA Communications to move above the current price in 90 days from now is roughly 2.62 (This SBA Communications Corp probability density function shows the probability of SBA Communications Stock to fall within a particular range of prices over 90 days) .

SBA Communications Stock Institutional Holders

Institutional Holdings refers to the ownership stake in SBA Communications that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of SBA Communications' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing SBA Communications' value.
InstituionSecurity TypeTotal SharesValue
Zweigdimenna Associates LlcCommon Shares21.4 K6.8 M
Zweigdimenna Associates LlcCommon Shares35.5 K10.6 M
View SBA Communications Diagnostics

SBA Communications Historical Income Statement

SBA Communications Corp Income Statement is one of the three primary financial statements used for reporting SBA Communications's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of SBA Communications Corp revenue and expense. SBA Communications Income Statement primarily focuses on the company's revenues and expenses during a particular period.
SBA Communications Cost of Revenue is projected to increase significantly based on the last few years of reporting. The past year's Cost of Revenue was at 399.96 Million. The current year Earning Before Interest and Taxes EBIT is expected to grow to about 152.7 M, whereas Direct Expenses is forecasted to decline to about 427.3 M. View More Fundamentals

SBA Communications Stock Against Markets

Picking the right benchmark for SBA Communications stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in SBA Communications stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for SBA Communications is critical whether you are bullish or bearish towards SBA Communications Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in SBA Communications without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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SBA Communications Corporate Directors

SBA Communications corporate directors refer to members of a SBA Communications board of directors. The board of directors generally takes responsibility for the SBA Communications' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of SBA Communications' board members must vote for the resolution. The SBA Communications board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Brian Carr - Independent DirectorProfile
George Krouse - Independent DirectorProfile
Duncan Cocroft - Independent DirectorProfile
Jack Langer - Independent DirectorProfile

Invested in SBA Communications Corp?

The danger of trading SBA Communications Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of SBA Communications is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than SBA Communications. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SBA Communications Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at World Market Map. 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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When running SBA Communications Corp 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 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 Communications 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
1.116
Market Capitalization
32.1 B
Quarterly Revenue Growth
0.146
Return On Assets
0.0591
The market value of SBA Communications Corp is measured differently than its book value, which is the value of SBA Communications 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 SBA Communications value 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.