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SBAC

290.11USD-3.41(-1.16%)Market Closedas of 06 Dec 2022, 09:48 am

SBA Communications Corp

Market Summary

USD290.11-3.41Market Closedas of 06 Dec 2022, 09:48 am
-1.16%

SBAC Stock Price

RSI Chart

Valuation

Market Cap

29.1B

Price/Earnings

82.09

Price/Sales

11.86

Price/Cashflow

23.95

MarketCap/EBT

76.72

Price/Sales

Profitability

EBT Margin

15.46%

Return on Assets

3.54%

Fundamentals

Revenue

Revenue (TTM)

2.5B

Revenue Y/Y

13.29%

Revenue Q/Q

5.2%

Earnings

Earnings (TTM)

354.8M

Earnings Y/Y

-54.47%

Earnings Q/Q

-63.15%

Price Action

52 Week Range

235.63387.68
(Low)(High)

Last 7 days

0.1%

Last 30 days

8.1%

Last 90 days

-7.9%

Trailing 12 Months

-15.1%

Financial Health

Current Ratio

0.38

Investor Care

Buy Backs (1Y)

1.53%

Diluted EPS (TTM)

3.23

Peers (Alternatives to SBA Communications)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
95.3B
10.5B
5.73% -17.32%
32.83
9.12
15.69% 17.08%
57.4B
6.9B
6.59% -23.13%
37.11
8.5
11.28% 45.44%
54.7B
4.0B
4.22% -8.55%
24.01
14.3
23.61% 170.44%
51.7B
7.1B
12.52% -12.23%
80.93
7.46
9.32% 63.32%
29.1B
2.5B
8.05% -15.07%
82.09
11.86
12.52% 31.78%
13.1B
1.7B
3.22% -0.93%
50.71
7.62
41.60% -73.28%
MID-CAP
7.3B
1.0B
1.83% -12.48%
26.1
7.17
16.50% 74.49%
4.6B
392.5M
-0.99% -39.94%
22.95
13.26
-74.80% 441.99%
4.3B
760.3M
5.02% 12.68%
-39.09
6.74
172.75% -1136.68%
2.5B
796.4M
-1.58% -41.95%
8.02
3.21
-9.94% -109.68%
2.4B
860.3M
3.09% -28.58%
63.8
2.74
5.87% 46.68%
2.1B
-
0.33% 22.89%
32.23
11.01
- -
SMALL-CAP
1.9B
432.4M
1.07% 0.07%
23.11
4.36
3.91% 1705.32%
1.5B
740.6M
-10.43% -27.80%
538.82
1.96
2.16% 107.41%
1.2B
-
7.86% 8.14%
5
3.44
120.87% 1462.96%

Financials for SBA Communications

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Revenue3.2%2,4562,3802,3092,2492,183
  S&GA Expenses4.0%240231220204201
Earnings Before Taxes-26.1%380514253345321
Net Income-19.0%355438238295269
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Assets-1.3%10,01210,1429,8029,6689,960
  Current Assets-8.3%495539614404482
    Cash Equivalents-30.5%183264367188274
  Net PPE0.1%2,6782,6752,5752,5802,625
  Current Liabilities3.1%1,3181,279616592626
    LT Debt, Current0.1%663662242424
    LT Debt, Non Current-1.3%11,81811,96912,27911,82311,908
  Retained Earnings-0.1%-7,531.18-7,523.70-7,203.53-6,890.82-6,759.38
  Additional Paid-In Capital1.1%2,7182,6892,6812,7122,658
Shares Outstanding0.1%108108109109110
Float-34,600----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Cashflow From Operations1.6%1,2161,1971,1901,1341,172
  Share Based Compensation2.5%9189847676
Cashflow From Investing-20.2%-724.20-602.56-1,423.26-1,370.81-1,217.15
Cashflow From Financing-13.3%-582.13-513.83339154128
  Dividend Payments4.9%280267254242230
  Buy Backs0%845845583765825

Risks

What is the probability of a big loss on SBAC?

48.5%


Probability that SBA Communications stock will be more than 20% underwater in next one year

3.5%


Probability that SBA Communications stock will be more than 30% underwater in next one year.

0%


Probability that SBA Communications stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SBAC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if SBA Communications was unfortunately bought at previous high price.

Returns

Cumulative Returns on SBAC

15.9%


10-Year Cumulative Returns

15.6%


7-Year Cumulative Returns

12.6%


5-Year Cumulative Returns

8.3%


3-Year Cumulative Returns

What are the long-term rolling returns for SBAC?

FIve years rolling returns for SBA Communications.

Which funds bought or sold SBAC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
-1,202
10,000
0.01%
2022-11-23
Aurora Investment Counsel
REDUCED
-51.54
-1,823,000
1,295,000
0.98%
2022-11-23
Toroso Investments, LLC
ADDED
3.89
-72,000
867,000
0.04%
2022-11-22
CVA Family Office, LLC
-
-
-
21,000
0.01%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
2,834,000
2,834,000
0.03%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
45.8
222,000
970,000
0.03%
2022-11-21
FourThought Financial, LLC
-
-
-
382,000
0.06%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-7,253,000
50,893,000
0.09%
2022-11-21
Ninepoint Partners LP
-
-
86,000
1,083,000
0.14%
2022-11-18
Industrial Alliance Investment Management Inc.
ADDED
11.68
-72,000
10,695,000
0.31%

1–10 of 49

Latest Funds Activity

Are funds buying SBAC calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own SBAC

SBA Communications News

MarketWatch

American Tower REIT stock falls Monday, still outperforms market.17 hours ago

GuruFocus.com

GuruFocus.com

SBAC Fair Value

Recent SEC filings of SBA Communications

View All Filings
Date Filed Form Type Document
Nov 29, 2022
8-K
Current Report
Nov 16, 2022
8-K
Current Report
Nov 03, 2022
10-Q
Quarterly Report
Oct 31, 2022
8-K
Current Report

Latest Insider Trading transactions for SBAC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-08-15
Ciarfella Mark R
SOLD
-2,919,750
355.504
-8,213
EVP - Operations
2022-08-15
Ciarfella Mark R
ACQUIRED
1,497,230
182.3
8,213
EVP - Operations
2022-08-10
SILBERSTEIN JASON V
SOLD
-5,768,720
350.384
-16,464
EVP - Site Leasing
2022-08-10
SILBERSTEIN JASON V
ACQUIRED
1,896,160
115.17
16,464
EVP - Site Leasing
2022-08-09
STOOPS JEFFREY
SOLD
-22,807,600
345.565
-66,001
Chief Executive Officer & Pres
2022-08-08
STOOPS JEFFREY
SOLD
-7,786,200
345.087
-22,563
Chief Executive Officer & Pres
2022-08-05
Ciarfella Mark R
SOLD
-1,981,090
343.94
-5,760
EVP - Operations
2022-08-05
Ciarfella Mark R
ACQUIRED
901,440
156.5
5,760
EVP - Operations
2022-08-04
COCROFT DUNCAN
SOLD
-396,787
344.501
-1,151.77
-
2022-08-04
Krouse George R Jr
ACQUIRED
134,886
344.977
391
-

1–10 of 50

Jeffrey A. Stoops
1600
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. By “Building Better Wireless,” SBA generates revenue from two primary businesses – site leasing and site development services. 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. For more information please visit: www.sbasite.com.

SBAC Income Statement

2022-09-30
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:    
Site leasing$ 587,302$ 535,492$ 1,726,967$ 1,564,814
Site development88,28253,813220,393148,882
Total revenues675,584589,3051,947,3601,713,696
Cost of revenues (exclusive of depreciation, accretion, and amortization shown below):    
Cost of site leasing112,01398,666330,682289,510
Cost of site development65,54041,357165,809116,172
Selling, general, and administrative expenses[1]65,84351,000191,241156,546
Acquisition and new business initiatives related adjustments and expenses6,8445,73018,77617,525
Asset impairment and decommission costs8,5329,86025,56518,560
Depreciation, accretion, and amortization173,825170,916524,541530,266
Total operating expenses432,597377,5291,256,6141,128,579
Operating income242,987211,776690,746585,117
Other income (expense):    
Interest income2,8589456,8782,124
Interest expense(86,961)(89,199)(253,528)(269,839)
Non-cash interest expense(11,528)(11,820)(34,582)(35,436)
Amortization of deferred financing fees(4,955)(4,934)(14,758)(14,690)
Loss from extinguishment of debt, net   (13,672)
Other (expense) income, net(39,756)(69,804)2,262(49,390)
Total other expense net(140,342)(174,812)(293,728)(380,903)
Income before income taxes102,64536,964397,018204,214
(Provision) benefit for income taxes(2,883)10,834(39,797)(15,494)
Net income99,76247,798357,221188,720
Net loss attributable to noncontrolling interests247 929 
Net income attributable to SBA Communications Corporation$ 100,009$ 47,798$ 358,150$ 188,720
Net income per common share attributable to SBA Communications Corporation:    
Basic$ 0.93$ 0.44$ 3.32$ 1.72
Diluted$ 0.91$ 0.43$ 3.27$ 1.70
Weighted average number of common shares    
Basic107,916109,577107,950109,487
Diluted109,358111,565109,416111,329
[1]Includes non-cash compensation of $24,945 and $16,589 for the three months ended September 30, 2022 and 2021, respectively, and $72,309 and $57,249 for the nine months ended September 30, 2022 and 2021, respectively.

SBAC Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 201,211$ 367,278
Restricted cash75,16665,561
Accounts receivable, net116,966101,950
Costs and estimated earnings in excess of billings on uncompleted contracts81,66548,844
Prepaid expenses and other current assets54,80530,813
Total current assets529,813614,446
Property and equipment, net2,658,3662,575,487
Intangible assets, net2,701,9392,803,247
Operating lease right-of-use assets, net2,325,0092,268,470
Acquired and other right-of-use assets, net989,685964,405
Other assets744,202575,644
Total assets9,949,0149,801,699
Current Liabilities:  
Accounts payable51,31434,066
Accrued expenses96,17668,070
Current maturities of long-term debt663,18124,000
Deferred revenue216,927184,380
Accrued interest25,10649,096
Current lease liabilities255,609238,497
Other current liabilities30,06618,222
Total current liabilities1,338,379616,331
Long-term liabilities:  
Long-term debt, net11,696,06812,278,694
Long-term lease liabilities2,017,7601,981,353
Other long-term liabilities221,022191,475
Total long-term liabilities13,934,85014,451,522
Redeemable noncontrolling interests40,61517,250
Shareholders' deficit:  
Preferred stock - par value $0.01, 30,000 shares authorized, no shares issued or outstanding
Common stock - Class A, par value $0.01, 400,000 shares authorized, 107,964 shares and 108,956 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively1,0801,089
Additional paid-in capital2,756,2152,681,347
Accumulated deficit(7,508,231)(7,203,531)
Accumulated other comprehensive loss, net(613,894)(762,309)
Total shareholders' deficit(5,364,830)(5,283,404)
Total liabilities, redeemable noncontrolling interests, and shareholders' deficit$ 9,949,014$ 9,801,699