Sba Communications Corp Stock Today

SBAC Stock  USD 216.70  1.38  0.63%   

Performance

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Odds Of Distress

Less than 41

 
100  
 
Zero
Below Average
SBA Communications is trading at 216.70 as of the 28th of March 2024, a -0.63 percent decrease since the beginning of the trading day. The stock's open price was 218.08. SBA Communications has about a 41 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for SBA Communications Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Equity Real Estate Investment Trusts (REITs)
IPO Date
16th of June 1999
Category
Real Estate
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. 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. The company has 108.11 M outstanding shares of which 2.28 M shares are at this time shorted by private and institutional investors with about 2.69 trading days to cover. More on SBA Communications Corp

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SBA Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. SBA Communications' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding SBA Communications or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, SBA Communications' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to SBA Communications' managers, analysts, and investors.
Environment Score
Governance Score
Social Score
President CEOBrendan CPA
Business ConcentrationDiversified REITs, Equity Real Estate Investment Trusts (REITs), Real Estate, SP 500 Index, NASDAQ Composite, NASDAQ Composite Total, Real Estate, Diversified REITs, REIT—Specialty, Real Estate (View all Sectors)
Average Analyst Recommendation
Analysts covering SBA Communications report their recommendations after researching SBA Communications' financial statements, talking to executives and customers, or listening in on SBA Communications' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering SBA Communications Corp. The SBA consensus assessment is calculated by taking the average forecast from all of the analysts covering SBA Communications.
Financial Strength
Based on the key indicators related to SBA Communications' liquidity, profitability, solvency, and operating efficiency, SBA Communications Corp is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in April. Financial strength of SBA Communications Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.170.2664
Way Down
Pretty Stable
Gross Profit Margin0.470.5052
Significantly Down
Very volatile
Net Debt14.9 B14.2 B
Sufficiently Up
Slightly volatile
Total Current Liabilities1.4 B1.4 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total14.6 B14 B
Sufficiently Up
Slightly volatile
Total Assets5.3 B10.2 B
Way Down
Slightly volatile
Total Current Assets269.6 M484.3 M
Way Down
Slightly volatile
Total Cash From Operating Activities1.6 B1.5 B
Sufficiently Up
Slightly volatile
SBA Communications' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to SBA Communications' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
SBA Communications' bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of SBA Communications' outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand SBA Communications' financial leverage. It provides some insight into what part of SBA Communications' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on SBA Communications' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how SBA Communications deploys its capital and how much of that capital is borrowed.
Liquidity
SBA Communications cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 14.46 B in liabilities with Debt to Equity (D/E) ratio of 16.46, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. SBA Communications Corp has a current ratio of 0.37, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist SBA Communications until it has trouble settling it off, either with new capital or with free cash flow. So, SBA Communications' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like SBA Communications Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for SBA to invest in growth at high rates of return. When we think about SBA Communications' use of debt, we should always consider it together with cash and equity.

Stock Based Compensation

92.31 Million
SBA Communications Corp (SBAC) is traded on NASDAQ Exchange in USA. It is located in 8051 Congress Avenue, Boca Raton, FL, United States, 33487-1307 and employs 1,787 people. SBA Communications is listed under Diversified REITs category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 23.16 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate SBA Communications's market, we take the total number of its shares issued and multiply it by SBA Communications's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. SBA Communications Corp conducts business under Diversified REITs sector and is part of Real Estate industry. The entity has 108.11 M outstanding shares of which 2.28 M shares are at this time shorted by private and institutional investors with about 2.69 trading days to cover. SBA Communications Corp currently holds about 201.21 M in cash with 1.54 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.86.
Check SBA Communications Probability Of Bankruptcy
Ownership Allocation
SBA Communications Corp secures a total of 108.11 Million outstanding shares. The majority of SBA Communications Corp outstanding shares are owned by institutions. These other corporate entities are usually referred to as non-private investors looking to take positions in SBA Communications Corp to benefit from reduced commissions. Thereupon, outside corporations are subject to a different set of regulations than regular investors in SBA Communications Corp. Please pay attention to any change in the institutional holdings of SBA Communications as this could imply that something significant has changed or is about to change at the company. Also note that nearly one million eighty-one thousand ninety invesors are currently shorting SBA Communications expressing very little confidence in its future performance.
Check SBA Ownership Details

SBA Stock Price Odds Analysis

What are SBA Communications' target price odds to finish over the current price? Based on a normal probability distribution, the odds of SBA Communications jumping above the current price in 90 days from now is about 69.69%. The SBA Communications Corp probability density function shows the probability of SBA Communications stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.173. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, SBA Communications will likely underperform. Additionally, sBA Communications Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 216.7HorizonTargetOdds Above 216.7
30.14%90 days
 216.70 
69.69%
Based on a normal probability distribution, the odds of SBA Communications to move above the current price in 90 days from now is about 69.69 (This SBA Communications Corp probability density function shows the probability of SBA Stock to fall within a particular range of prices over 90 days) .

SBA Stock Institutional Holders

Institutional Holdings refers to the ownership stake in SBA Communications that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of SBA Communications' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing SBA Communications' value.
InstituionRecorded OnShares
Massachusetts Financial Services Company2023-12-31
M
Morgan Stanley - Brokerage Accounts2023-12-31
1.6 M
Dimensional Fund Advisors, Inc.2023-12-31
1.5 M
Legal & General Group Plc2023-12-31
1.4 M
Ameriprise Financial Inc2023-12-31
1.4 M
Citadel Advisors Llc2023-09-30
1.3 M
Charles Schwab Investment Management Inc2023-12-31
1.2 M
Diamond Hill Capital Management Inc2023-12-31
1.2 M
Northern Trust Corp2023-12-31
1.2 M
Vanguard Group Inc2023-12-31
17.3 M
Blackrock Inc2023-12-31
8.8 M
View SBA Communications Diagnostics

SBA Communications Historical Income Statement

SBA Communications Corp Income Statement is one of the three primary financial statements used for reporting SBA's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of SBA Communications Corp revenue and expense. SBA Communications Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, SBA Communications' Total Revenue is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 1.2 B, whereas Depreciation And Amortization is forecasted to decline to about 417.1 M. View More Fundamentals

SBA Stock Against Markets

Picking the right benchmark for SBA Communications stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in SBA Communications stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for SBA Communications is critical whether you are bullish or bearish towards SBA Communications Corp at a given time. Please also check how SBA Communications' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in SBA Communications without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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SBA Communications Corporate Directors

SBA Communications corporate directors refer to members of a SBA Communications board of directors. The board of directors generally takes responsibility for the SBA Communications' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of SBA Communications' board members must vote for the resolution. The SBA Communications board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Duncan CocroftIndependent DirectorProfile
Kevin BeebeIndependent DirectorProfile
Brian CarrIndependent DirectorProfile
George KrouseIndependent DirectorProfile

How to buy SBA Stock?

Before investing in SBA Communications, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in SBA Communications. To buy SBA Communications stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of SBA Communications. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase SBA Communications stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located SBA Communications Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased SBA Communications Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as SBA Communications Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy SBA Stock please use our How to Invest in SBA Communications guide.

Already Invested in SBA Communications Corp?

The danger of trading SBA Communications Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of SBA Communications is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than SBA Communications. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SBA Communications Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether SBA Communications Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SBA Communications' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sba Communications Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sba Communications Corp Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SBA Communications Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the SBA Communications Corp information on this page should be used as a complementary analysis to other SBA Communications' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Complementary Tools for SBA Stock analysis

When running SBA Communications' price analysis, check to measure SBA Communications' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SBA Communications is operating at the current time. Most of SBA Communications' value examination focuses on studying past and present price action to predict the probability of SBA Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SBA Communications' price. Additionally, you may evaluate how the addition of SBA Communications to your portfolios can decrease your overall portfolio volatility.
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Is SBA Communications' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SBA Communications. If investors know SBA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SBA Communications listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.063
Dividend Share
3.4
Earnings Share
4.61
Revenue Per Share
25.06
Quarterly Revenue Growth
(0.02)
The market value of SBA Communications Corp is measured differently than its book value, which is the value of SBA that is recorded on the company's balance sheet. Investors also form their own opinion of SBA Communications' value that differs from its market value or its book value, called intrinsic value, which is SBA Communications' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SBA Communications' market value can be influenced by many factors that don't directly affect SBA Communications' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SBA Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if SBA Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SBA Communications' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.