Why is SBA Communications Corp. ?
1
With a Negative Book Value, the company has a Weak Long Term Fundamental Strength
- Poor long term growth as Net Sales has grown by an annual rate of 5.90%
2
Flat results in Jun 25
- OPERATING CASH FLOW(Y) Lowest at USD 1,284.1 MM
- INTEREST COVERAGE RATIO(Q) Lowest at 363.02
- INTEREST(Q) Highest at USD 125.58 MM
3
Risky - Negative Book Value
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of -14.46%, its profits have risen by 26.8% ; the PEG ratio of the company is 1
4
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -14.46% returns in the last 1 year, the stock has also underperformed S&P 500 in each of the last 3 annual periods
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Realty)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is SBA Communications Corp. for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
SBA Communications Corp.
-14.83%
0.00
25.19%
S&P 500
13.22%
0.61
20.17%
Quality key factors
Factor
Value
Sales Growth (5y)
5.90%
EBIT Growth (5y)
29.84%
EBIT to Interest (avg)
2.43
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0
Tax Ratio
5.70%
Dividend Payout Ratio
56.52%
Pledged Shares
0
Institutional Holding
100.00%
ROCE (avg)
0
ROE (avg)
0
Valuation Key Factors 
Factor
Value
P/E Ratio
26
Industry P/E
Price to Book Value
-4.88
EV to EBIT
15.11
EV to EBITDA
12.84
EV to Capital Employed
-4.13
EV to Sales
8.76
PEG Ratio
0.97
Dividend Yield
186.82%
ROCE (Latest)
Negative Capital Employed
ROE (Latest)
Negative BV
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
Mildly Bullish
Mildly Bearish
OBV
Mildly Bearish
No Trend
Technical Movement
4What is working for the Company
DIVIDEND PER SHARE(HY)
Highest at USD 4.21
CASH AND EQV(HY)
Highest at USD 1,022.93 MM
NET SALES(Q)
Highest at USD 698.98 MM
-7What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at USD 1,284.1 MM
INTEREST COVERAGE RATIO(Q)
Lowest at 363.02
INTEREST(Q)
Highest at USD 125.58 MM
Here's what is working for SBA Communications Corp.
Dividend per share
Highest at USD 4.21 and Grown
In each year in the last five yearsMOJO Watch
Company is distributing higher dividend from profits generated
DPS (USD)
Net Sales
Highest at USD 698.98 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (USD MM)
Cash and Eqv
Highest at USD 1,022.93 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Depreciation
Highest at USD 71.26 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (USD MM)
Here's what is not working for SBA Communications Corp.
Interest
At USD 125.58 MM has Grown at 12.77%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (USD MM)
Interest Coverage Ratio
Lowest at 363.02
in the last five periodsMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Operating Cash Flow
Lowest at USD 1,284.1 MM
in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (USD MM)
Interest
Highest at USD 125.58 MM
in the last five periods and Increased by 12.77% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (USD MM)






