SBA Communications
NASDAQ: SBAC
Stock price
170.01 USD
(-48.46%) 5 years
Financial Performance
5Y price score: (63)
The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.
10Y return: 73.6%
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156.6
52-week range
224.4
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Your fair value & Margin of safety
To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.
Forecast:
Valuation
Free Cash Flow Yield
5.8 %
Dividend Yield TTM
2.9 %
Market cap $
$ 18,032
Price / Earnings TTM
18.3
Price / Book TTM
(3.9)
PEG TTM
0.4
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
(7) %
(43.3) %
73.6 %
Free cash flow per share growth
12.1 %
12.8 %
139.8 %
Earnings per share growth
(10.5) %
4,566.7 %
815.3 %
Founded: 1,989
Employees: 1,720
Business Summary:
Q&A
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Latest Earnings Call Takeaways
2026 Q2 (Aug 3, 2026)
1) Strategy & Leadership - SBA Communications continues to focus on enhancing its infrastructure capabilities, particularly in the U.S. and international markets. - The company is optimistic about future growth driven by new spectrum auctions and the demand for edge computing solutions. - SBA is actively pursuing share buybacks, viewing current stock valuations as favorable for capital allocation.
2) Financial & Segment Results - Q2 2026 AFFO per share was $3.05, with a cash dividend of $1.25 per share, reflecting a 13% increase YoY. - The company reported approximately $9 million in new lease and amendment billings domestically and $4 million internationally. - SBA's total debt stands at approximately $13 billion, with a leverage ratio of 6.4x net debt to adjusted EBITDA, remaining within its target range of 6x to 7x.
3) Operational Plans & Challenges - SBA added 99 new towers in Q2, up from 75 in the previous quarter, with expectations for continued growth in tower builds. - Internationally, churn remains elevated due to carrier consolidations and bankruptcies, but the company is focused on long-term contracts to stabilize cash flows. - The company is also navigating ongoing litigation with EchoStar, asserting its contractual rights.
4) Guidance & Outlook - SBA has modestly increased its full-year guidance for site leasing revenue, AFFO, and AFFO per share, driven by higher straight-line revenues and improved cash interest expenses. - The company anticipates continued organic growth from new spectrum deployments and edge computing demand over the next several years. - Management expects a stable level of customer activity, with no significant uptick in application volumes anticipated for the second half of 2026.
5) Investor Angle & Missing Information - The call did not provide specific forward-looking guidance for leasing growth for 2027, which investors may find relevant for long-term planning. - Overall, the company is well-positioned to leverage new market opportunities, but clarity on future growth rates remains limited.
Bottom line: SBA Communications is demonstrating solid financial performance and strategic growth initiatives, particularly in infrastructure and spectrum opportunities, while maintaining a strong balance sheet. The company's focus on share buybacks and capital allocation suggests confidence in its long-term value, making it an attractive proposition for shareholders despite some uncertainties in future growth rates.
Annual Reports, Presentations And IR Contacts
Go to the websiteSBA Communications — Financial Overview, Stock Price, Market Cap
SBA Communications is a company. Founded in 1989. As of October 9, 2026, the company's market capitalization is $18031770630 with a current stock price of $170.01.