Sba Communications Corp
We are a leading independent owner and operator of wireless communications infrastructure, including tower structures, rooftops, and other structures that support antennas used for wireless communications, which we collectively refer to as towers or sites. In addition, we own and operate towers in South America, Central America, and Africa.
$173.41
-$7.56 (-4.18%)
EOD Oct 21, 2026
47.70% operating margin is above average. ROIC at 7.43%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 5.1%, steady but not accelerating. Margins contracted 5.9pp, which offsets some of the top-line progress.
Net debt of $15.05B represents 14.1x FCF, leverage limits flexibility. Operating margin contracted 5.9pp YoY, cost discipline may be slipping.
18.7x earnings, 17.5x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$2.87B
▲ +5.1% YoY
Net Income (TTM)
$991M
▲ +40.6% YoY
Op. Margin
47.65%
▼ -5.9pp YoY
ROIC
8.71%
▼ -1.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1.05B
▼ -3.6% YoY
Op. Cash Flow (TTM)
$1.28B
▼ -3.3% YoY
Net Debt
$12.37B
Cash & Equiv.
$356M
5Y CAGR: +6.2%
5Y CAGR: +1.3%
Continue Research
SourceComputed from the 10-Q filed 28 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 3 Oct 2026. How this is calculated.
Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Sba Communications (SBAC) overvalued?
At a P/E of 18.7 and a price-to-free-cash-flow of 17.5, Sba Communications (SBAC) trades above a two-stage DCF intrinsic value of about $54.91 per share, so at $173.41 the stock looks overvalued (68.3% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Sba Communications scores 70/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.7%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Sba Communications's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $54.91 per share for SBAC, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $41.18. At today's $173.41, that puts the stock about 68.3% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Sba Communications a high-quality business?+
Sba Communications scores 70 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 47.6% operating margin and a 8.7% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Sba Communications (SBAC) pay a dividend, and how much?+
Yes, Sba Communications pays a regular dividend of about $4.75 per share per year (typically in quarterly installments), a yield of roughly 2.7% at the current price. That is a payout ratio of about 51.0% of earnings, so the dividend is well covered. Sba Communications has grown the dividend at roughly 17.2% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For SBAC's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Sba Communications a good stock to buy right now?+
That depends on valuation and quality together, not either alone. SBAC currently trades above its estimated intrinsic value and scores 70/100 on quality (solid). It also yields about 2.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Real Estate Investment Trusts
Spot a number that looks wrong? Check it in SBAC's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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