SBAC Valuation

SBA Communications Corp

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197.400

+2.65(1.361%)1D

SBAC Relative Valuation

SBAC's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, SBAC is overvalued; if below, it's undervalued.

Historical Valuation

SBA Communications Corp (SBAC) is now in the Undervalued zone, suggesting that its current forward PE ratio of 20.49 is considered Undervalued compared with the five-year average of 57.61. The fair price of SBA Communications Corp (SBAC) is between 273.15 to 753.42 according to relative valuation methord. Compared to the current price of 197.40 USD , SBA Communications Corp is Undervalued By 27.73%.

Relative Value

Fair Zone

273.15-753.42

Current Price：197.40

27.73%

Undervalued

20.49

Trailing

Forward

18.14

EV/EBITDA

SBA Communications Corp. (SBAC) has a current EV/EBITDA of 18.14. The 5-year average EV/EBITDA is 23.78. The thresholds are as follows: Strongly Undervalued below 14.86, Undervalued between 14.86 and 19.32, Fairly Valued between 28.24 and 19.32, Overvalued between 28.24 and 32.70, and Strongly Overvalued above 32.70. The current Forward EV/EBITDA of 18.14 falls within the Undervalued range.

23.49

EV/EBIT

SBA Communications Corp. (SBAC) has a current EV/EBIT of 23.49. The 5-year average EV/EBIT is 41.16. The thresholds are as follows: Strongly Undervalued below 13.89, Undervalued between 13.89 and 27.53, Fairly Valued between 54.80 and 27.53, Overvalued between 54.80 and 68.43, and Strongly Overvalued above 68.43. The current Forward EV/EBIT of 23.49 falls within the Undervalued range.

197.40

SBA Communications Corp. (SBAC) has a current PS of 197.40. The 5-year average PS is 12.32. The thresholds are as follows: Strongly Undervalued below -17.62, Undervalued between -17.62 and -2.65, Fairly Valued between 27.29 and -2.65, Overvalued between 27.29 and 42.26, and Strongly Overvalued above 42.26. The current Forward PS of 197.40 falls within the Strongly Overvalued range.

15.62

P/OCF

SBA Communications Corp. (SBAC) has a current P/OCF of 15.62. The 5-year average P/OCF is 21.84. The thresholds are as follows: Strongly Undervalued below 11.57, Undervalued between 11.57 and 16.71, Fairly Valued between 26.97 and 16.71, Overvalued between 26.97 and 32.11, and Strongly Overvalued above 32.11. The current Forward P/OCF of 15.62 falls within the Undervalued range.

18.28

P/FCF

SBA Communications Corp. (SBAC) has a current P/FCF of 18.28. The 5-year average P/FCF is 26.25. The thresholds are as follows: Strongly Undervalued below 12.42, Undervalued between 12.42 and 19.33, Fairly Valued between 33.17 and 19.33, Overvalued between 33.17 and 40.08, and Strongly Overvalued above 40.08. The current Forward P/FCF of 18.28 falls within the Undervalued range.

SBA Communications Corp (SBAC) has a current Price-to-Book (P/B) ratio of -4.27. Compared to its 3-year average P/B ratio of -4.74 , the current P/B ratio is approximately -9.89% higher. Relative to its 5-year average P/B ratio of -5.56, the current P/B ratio is about -23.23% higher. SBA Communications Corp (SBAC) has a Forward Free Cash Flow (FCF) yield of approximately 2.07%. Compared to its 3-year average FCF yield of 3.71%, the current FCF yield is approximately -44.10% lower. Relative to its 5-year average FCF yield of 3.07% , the current FCF yield is about -32.55% lower.

-4.27

P/B

Median3y

-4.74

Median5y

-5.56

2.07

FCF Yield

Median3y

3.71

Median5y

3.07

Competitors Valuation Multiple

The average P/S ratio for SBAC's competitors is 97.12, providing a benchmark for relative valuation. SBA Communications Corp Corp (SBAC) exhibits a P/S ratio of 197.40, which is 103.26% above the industry average. Given its robust revenue growth of 9.70%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

SBAC.O

SBA Communications Corp

AvalonBay Communities Inc

177.38

4.42%

25.12B

Performance Decomposition

Market capitalization of SBAC decreased by 12.75% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 667.60M to 732.33M.

The secondary factor is the P/E Change, contributed -8.10%to the performance.

Overall, the performance of SBAC in the past 1 year is driven by Revenue Growth. Which is more sustainable.

9.70%

667.60M → 732.33M

Revenue Growth

-14.35%

38.33 → 32.83

Margin Expansion

-8.10%

27.02 → 24.83

P/E Change

-12.75%