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DCF Valuation
Base-case fair value
$35.81
Intrinsic $47.74 · 25% MOS
Current price: $196.58
Base-case summary
Our base-case DCF for Sba Communications Corp (SBAC) projects 10 years of free cash flow growth at 2.0% for years 1–5 and 1.0% for years 6–10, anchored to a default 8% growth assumption, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $1.0B in trailing free cash flow, this produces an intrinsic value of $47.74 per share. A 25% safety margin gives a fair value of $35.81, suggesting the stock is currently 82% overvalued against the $196.58 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$1.0B
Cash & equivalents
$381M
Total debt
$13.0B
Shares outstanding
106M