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SBA Communications Corp SBAC Stock Quote

Morningstar Rating
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NASDAQ: SBAC

Morningstar‘s Stock Analysis SBAC

Valuation
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Is it the right time to buy or sell?
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1-Star Price

INVESTOR

5-Star Price

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Economic Moat

INVESTOR

Capital Allocation

INVESTOR

SBA Communications Reports a Very Good Q3 and Foreshadows Continued Strength in Tower Activity

Matthew Dolgin Equity Analyst

Analyst Note

| Matthew Dolgin |

SBA Communications reported an excellent third quarter that was generally solid in all aspects, and the firm raised its full-year outlook across all metrics. More encouraging, management didn’t give any indication that it anticipates a slowdown in 2023, as carriers’ spending plans and comments from other tower companies might imply. We’re not materially changing our 2023 forecast, as we think the stronger-than-anticipated close to 2022 is largely related to an earlier-than-expected closing of a big tower acquisition in Brazil and a delay in some churn the firm expects. We’re maintaining our $250 fair value estimate.

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Key Statistics SBAC

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Company Profile SBAC

Business Description

SBA Communications owns and operates roughly 34,000 cell towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who install equipment on the towers to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company owns more than 17,000 towers in the U.S., which accounted for almost three fourths of the company’s total revenue in 2021. Internationally, SBA’s greatest presence is in Brazil, where it operates roughly 10,000 towers. SBA operates as a real estate investment trust, or REIT.

Contact
8051 Congress Avenue
Boca Raton, FL, 33487
Sector Real Estate
Industry REIT - Specialty
Employees 1,596

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FAQs for SBA Communications Corp Stock

Yes. SBAC has a forward dividend yield of 0.98%. See SBAC’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

SBAC’s market cap is 31.13 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

SBAC’s stock style is Mid Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

SBAC’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare SBAC’s historical performance against its industry peers and the overall market.