SBAC
SBA Communications
$187.59
▲ 0.4%Updated Today 7:15 PM ET
▼ Down 18.2% over the last 12 months
Market Cap
$19.82B
P/E
19.47x
Forward P/E (est.)
15.47x
ROE
-1.7%
Revenue Growth
6.3%
EPS Growth
25.9%
Profit Margin
35.7%
FCF Yield
5.1%
Debt / Equity
16.46x
ROIC
13.0%
Interest Coverage
6.84x
Current Ratio
0.23x
Dividend Yield
2.6%
Implied Growth (rev. DCF)
3.4%
Rating Score
57/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what SBAC's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. SBAC trades near $187.59, below its 50-day average ($210.39) and 200-day average ($196.22). Price below both averages is a downtrend — momentum is against buyers for now.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 38 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. SBAC's is $6.78 (~3.6% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month SBAC found buyers near $189.33 (support) and sellers near $210.88 (resistance); its 52-week range is $162.41–$243.16. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.0× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
SBA Communications (SBAC) is a large-cap company in the Telecom Tower REITs industry, part of the Real Estate sector of the S&P 500, with a market value around $19.82B.
In its latest reported year it generated about $244.50M in revenue and $1.05B in net profit.
Our model rates SBAC Neutral (57/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
4.5%
Revenue moved from $204.75M in 2021 to $244.50M in 2025, a 4.5% compound annual growth rate. The most recent year grew a steady 6.3% year over year. Slower, mature growth is common for established businesses.
Gross Margin
868.8%
Operating Margin
549.2%
Net Margin
430.9%
ROE
-1.7%
SBA Communications keeps about 35.7% of each sales dollar as net profit, with a 868.8% gross margin and 549.2% operating margin. Return on equity is -1.7% and return on invested capital about 13.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$12.96B
Net Debt
$12.69B
Net Debt / EBITDA
9.45x
Debt / Equity
16.46x
Leverage: debt-to-equity is 16.5x, and operating profit covers interest about 6.8x, with a current ratio of 0.2x. That is elevated leverage, which raises risk if earnings or rates move against it. It carries roughly $12.96B of total debt against $269.06M of cash.
Operating CF
$1.29B
Free Cash Flow
$1.07B
FCF Margin
436.2%
In the latest year SBA Communications produced about $1.29B of operating cash flow and $1.07B of free cash flow after capital spending. That is a free-cash-flow yield of about 5.1% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
P/E
19.47x
P/S
7.37x
P/B
30.85x
EV / EBITDA
20.46x
SBAC trades at 19.5x trailing earnings (about 15.5x on estimated forward earnings), 7.4x sales, and 30.8x book value. Reverse-engineering today's price implies the market expects roughly 3.4% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How SBAC stacks up against its Real Estate peers — valuation, profitability, and growth versus the sector median.
In the Real Estate sector (31 S&P 500 companies), SBAC ranks #11 of 31 by our overall rating. It trades at a discount versus the sector on earnings (19.5x P/E vs. 30.8x median) with a lower return on equity (-1.7% vs. 8.0%) and faster revenue growth (6.3% vs. 5.3%).
P/E vs sector
19.5x
median 30.8x
ROE vs sector
-1.7%
median 8.0%
Growth vs sector
6.3%
median 5.3%
Sector rank
#11
of 31 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Real Estate companies by sub-industry and size. Sector median is across all 31 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$16.97 – $29.31
vs. $187.59 today · expected CAGR -38% – -31%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $259.17M | $274.72M | $291.20M | $308.67M | $327.19M |
| Net income | $129.58M | $137.36M | $145.60M | $154.34M | $163.60M |
| EPS | $1.22 | $1.30 | $1.37 | $1.46 | $1.54 |
| Share price (low) | $13.44 | $14.25 | $15.10 | $16.01 | $16.97 |
| Share price (high) | $23.21 | $24.61 | $26.08 | $27.65 | $29.31 |
| CAGR (low–high) | -93% / -88% | -72% / -64% | -57% / -48% | -46% / -38% | -38% / -31% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for SBAC:
- High net margins (35.7%) point to pricing power or efficiency.
- Healthy free-cash-flow yield (~5.1%) funds buybacks and dividends.
- Pays a 2.6% dividend on top of any price gains.
The case against SBAC:
- Elevated leverage (debt/equity 16.5x) adds financial risk.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Balance-sheet risk — debt/equity of 16.5x magnifies the impact of higher rates or weaker earnings.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: SBA Communications is a large-cap real estate business growing at a mature pace, with solid profitability, and a heavier debt load to watch. It trades at 19.5x earnings, which our model scores Neutral (57/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.