Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.02
SBAC's Cash to Debt is ranked higher than
55% of the 800 Companies
in the Global Telecom Services industry.

( Industry Median: 0.40 vs. SBAC: 0.02 )
SBAC' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.15
Current: 0.02

0.01
0.15
Equity to Asset 0.05
SBAC's Equity to Asset is ranked higher than
58% of the 792 Companies
in the Global Telecom Services industry.

( Industry Median: 0.40 vs. SBAC: 0.05 )
SBAC' s 10-Year Equity to Asset Range
Min: -0.1   Max: 0.57
Current: 0.05

-0.1
0.57
Interest Coverage 0.77
SBAC's Interest Coverage is ranked higher than
58% of the 563 Companies
in the Global Telecom Services industry.

( Industry Median: 7.26 vs. SBAC: 0.77 )
SBAC' s 10-Year Interest Coverage Range
Min: 0.06   Max: 0.77
Current: 0.77

0.06
0.77
F-Score: 4
Z-Score: 0.49
M-Score: -2.21
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 17.60
SBAC's Operating margin (%) is ranked higher than
88% of the 788 Companies
in the Global Telecom Services industry.

( Industry Median: 12.85 vs. SBAC: 17.60 )
SBAC' s 10-Year Operating margin (%) Range
Min: -41.62   Max: 17.6
Current: 17.6

-41.62
17.6
Net-margin (%) -4.28
SBAC's Net-margin (%) is ranked higher than
64% of the 788 Companies
in the Global Telecom Services industry.

( Industry Median: 6.98 vs. SBAC: -4.28 )
SBAC' s 10-Year Net-margin (%) Range
Min: -103.68   Max: -4.28
Current: -4.28

-103.68
-4.28
ROE (%) -15.66
SBAC's ROE (%) is ranked higher than
61% of the 762 Companies
in the Global Telecom Services industry.

( Industry Median: 12.18 vs. SBAC: -15.66 )
SBAC' s 10-Year ROE (%) Range
Min: -399.18   Max: -5.37
Current: -15.66

-399.18
-5.37
ROA (%) -0.82
SBAC's ROA (%) is ranked higher than
65% of the 792 Companies
in the Global Telecom Services industry.

( Industry Median: 4.69 vs. SBAC: -0.82 )
SBAC' s 10-Year ROA (%) Range
Min: -19.1   Max: -0.82
Current: -0.82

-19.1
-0.82
ROC (Joel Greenblatt) (%) 8.91
SBAC's ROC (Joel Greenblatt) (%) is ranked higher than
69% of the 784 Companies
in the Global Telecom Services industry.

( Industry Median: 22.49 vs. SBAC: 8.91 )
SBAC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -16.3   Max: 8.91
Current: 8.91

-16.3
8.91
Revenue Growth (%) 23.50
SBAC's Revenue Growth (%) is ranked higher than
96% of the 680 Companies
in the Global Telecom Services industry.

( Industry Median: 3.70 vs. SBAC: 23.50 )
SBAC' s 10-Year Revenue Growth (%) Range
Min: -11.8   Max: 23.5
Current: 23.5

-11.8
23.5
EBITDA Growth (%) 33.40
SBAC's EBITDA Growth (%) is ranked higher than
94% of the 606 Companies
in the Global Telecom Services industry.

( Industry Median: 1.70 vs. SBAC: 33.40 )
SBAC' s 10-Year EBITDA Growth (%) Range
Min: -6.3   Max: 84.2
Current: 33.4

-6.3
84.2
EPS Growth (%) -36.00
SBAC's EPS Growth (%) is ranked higher than
66% of the 545 Companies
in the Global Telecom Services industry.

( Industry Median: 0.20 vs. SBAC: -36.00 )
SBAC' s 10-Year EPS Growth (%) Range
Min: -36   Max: 68.5
Current: -36

-36
68.5
» SBAC's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

SBAC Guru Trades in Q1 2013

Chris Davis 117,056 sh (New)
Pioneer Investments 35,000 sh (New)
Jim Simons 1,887,949 sh (+140.67%)
Steven Cohen 426,600 sh (+60.03%)
Caxton Associates 6,300 sh (+10.06%)
George Soros Sold Out
Columbia Wanger 4,340,000 sh (-1.97%)
Meridian Funds 896,000 sh (-6.47%)
Ron Baron 5,058,278 sh (-8.06%)
» More
Q2 2013

SBAC Guru Trades in Q2 2013

Ray Dalio 7,400 sh (New)
Pioneer Investments 145,100 sh (+314.57%)
Steven Cohen 703,226 sh (+64.84%)
Chris Davis 165,656 sh (+41.52%)
Caxton Associates Sold Out
Columbia Wanger 4,327,000 sh (-0.3%)
Ron Baron 4,430,440 sh (-12.41%)
Jim Simons 1,524,249 sh (-19.26%)
Meridian Funds 567,100 sh (-36.71%)
» More
Q3 2013

SBAC Guru Trades in Q3 2013

George Soros 141,060 sh (New)
Louis Moore Bacon 60,000 sh (New)
Ray Dalio Sold Out
Columbia Wanger 4,313,000 sh (-0.32%)
Pioneer Investments 143,478 sh (-1.12%)
Ron Baron 4,186,471 sh (-5.51%)
Chris Davis 81,153 sh (-51.01%)
Jim Simons 240,849 sh (-84.2%)
Steven Cohen 98,400 sh (-86.01%)
» More
Q4 2013

SBAC Guru Trades in Q4 2013

Stanley Druckenmiller 397,400 sh (New)
Steve Mandel 5,456,548 sh (New)
Paul Tudor Jones 2,359 sh (New)
George Soros 919,636 sh (+551.95%)
Jim Simons 732,049 sh (+203.95%)
Louis Moore Bacon Sold Out
Columbia Wanger 4,288,000 sh (-0.58%)
Ron Baron 3,889,482 sh (-7.09%)
Pioneer Investments 102,550 sh (-28.53%)
Chris Davis 47,602 sh (-41.34%)
Steven Cohen 47,051 sh (-52.18%)
» More
» Details

Insider Trades

Latest Guru Trades with SBAC

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Steve Mandel 2013-12-31 New Buy2.1%$77.1 - $91.83 $ 91.176%5456548
George Soros 2013-12-31 Add 551.95%0.59%$77.1 - $91.83 $ 91.176%919636
Ron Baron 2013-12-31 Reduce -7.09%0.11%$77.1 - $91.83 $ 91.176%3889482
George Soros 2013-09-30 New Buy0.12%$71.64 - $79.83 $ 91.1720%141060
Ray Dalio 2013-09-30 Sold Out $71.64 - $79.83 $ 91.1720%0
Meridian Funds 2013-06-30 Reduce -36.71%0.88%$71.5 - $80.85 $ 91.1720%567100
Ron Baron 2013-06-30 Reduce -12.41%0.25%$71.5 - $80.85 $ 91.1720%4430440
Ray Dalio 2013-06-30 New Buy$71.5 - $80.85 $ 91.1720%7400
George Soros 2013-03-31 Sold Out 0.03%$67.45 - $73.32 $ 91.1729%0
George Soros 2012-12-31 New Buy0.03%$62.45 - $70.9 $ 91.1736%30000
Ray Dalio 2012-06-30 Sold Out 0.05%$49.77 - $57.52 $ 91.1773%0
Ray Dalio 2012-03-31 Add 900.42%0.04%$43.13 - $51.04 $ 91.17107%56664
Ray Dalio 2011-12-31 New Buy$33.38 - $42.96 $ 91.17135%5664
Meridian Funds 2011-09-30 Add 53.57%0.68%$32.82 - $39.88 $ 91.17146%1517645
Meridian Funds 2011-06-30 Reduce -24.92%0.39%$36.59 - $40.27 $ 91.17136%988215
Meridian Funds 2011-03-31 New Buy1.56%$36.94 - $44.26 $ 91.17122%1316155
George Soros 2011-03-31 Sold Out $36.94 - $44.26 $ 91.17122%0
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on SBA Communications Corp

Baron Funds Comments on SBA Communications - Feb 20, 2013

SBA Communications Corp. (SBAC) owns cellular communications towers and leases space on them to all major domestic wireless carriers. Its share price rose during the fourth quarter as the company continued to execute its business plan. As consumers use increasing amounts of wireless data bandwidth, carriers need to augment their networks by placing more equipment on towers, and SBA generates additional leasing revenue and cash flow from this activity.We also think SBA has an opportunity to grow internationally. Last quarter, SBA announced its first acquisition in Brazil. (Aaron Wasserman)

From Baron Funds' fourth quarter commentary.


Check out Ron Baron latest stock trades

Baron Funds Comments on SBA Communications - Feb 06, 2013

SBA Communications Corp. (SBAC) owns and operates cellular communications towers. All the major domestic wireless carriers lease space on SBA's towers to house key elements of their transmission networks. SBA's share price rose during the quarter, and throughout 2012, as the company's cash flow continued to be driven higher by the secular increase in data usage by smart phone customers.As consumers demand more wireless data bandwidth, carriers must augment their networks by placing more transmission equipment on towers, which generates high-margin, incremental cash flow for SBA. The company also has operations in several fast-growing international markets, and it just announced its first acquisition in Brazil. In addition, SBA may choose in the future to pursue conversion to a real estate investment trust (REIT), which we believe would lead investors to assign a higher multiple to the company's cash flows.

From Baron Funds' fourth quarter letter.

Check out Ron Baron latest stock trades

Baron Funds Comments on SBA Communications Corp. - Dec 06, 2012

SBA Communications Corp. (SBAC) owns cellular communications towers and leases space on them to all the major domestic wireless telecommunication carriers. Its shares rose as the increasing use of smartphones, such as the new iPhone 5, drove ongoing demand for wireless bandwidth. This, in turn, led wireless carriers to seek additional space on SBA's towers.

From Baron Funds’ third quarter commentary.


Check out Ron Baron latest stock trades

Baron Funds Comments on SBA Communications - Aug 23, 2012

From Baron Funds' second-quarter letter:

Shares of SBA Communications Corp. (SBAC), an owner of wireless towers, performed well during the quarter, as wireless demand remained strong, and carriers began to show signs of activity in planning and building 4G networks. U.S. carriers continued to see insatiable consumer demand for their data networks, and carriers are quickly running out of available wireless spectrum. In addition, SBA has begun reporting earnings metrics consistent with REITs, and its shares are being valued akin to other REIT stocks.
Check out Ron Baron latest stock trades

Ratios

vs
industry
vs
history
P/B 32.50
SBAC's P/B is ranked lower than
64% of the 728 Companies
in the Global Telecom Services industry.

( Industry Median: 2.26 vs. SBAC: 32.50 )
SBAC' s 10-Year P/B Range
Min: 1.41   Max: 660.83
Current: 32.5

1.41
660.83
P/S 8.93
SBAC's P/S is ranked lower than
77% of the 822 Companies
in the Global Telecom Services industry.

( Industry Median: 1.46 vs. SBAC: 8.93 )
SBAC' s 10-Year P/S Range
Min: 0.71   Max: 9.88
Current: 8.93

0.71
9.88
PFCF 36.00
SBAC's PFCF is ranked lower than
56% of the 519 Companies
in the Global Telecom Services industry.

( Industry Median: 15.86 vs. SBAC: 36.00 )
SBAC' s 10-Year PFCF Range
Min: 8.31   Max: 184.33
Current: 36

8.31
184.33
EV-to-EBIT 76.90
SBAC's EV-to-EBIT is ranked lower than
65% of the 711 Companies
in the Global Telecom Services industry.

( Industry Median: 14.25 vs. SBAC: 76.90 )
SBAC' s 10-Year EV-to-EBIT Range
Min: 65.2   Max: 2100.2
Current: 76.9

65.2
2100.2

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 3.80
SBAC's Price/DCF (Projected) is ranked lower than
52% of the 495 Companies
in the Global Telecom Services industry.

( Industry Median: 0.90 vs. SBAC: 3.80 )
SBAC' s 10-Year Price/DCF (Projected) Range
Min: 2   Max: 9.59
Current: 3.8

2
9.59
Price/Median PS Value 1.30
SBAC's Price/Median PS Value is ranked higher than
55% of the 736 Companies
in the Global Telecom Services industry.

( Industry Median: 1.00 vs. SBAC: 1.30 )
SBAC' s 10-Year Price/Median PS Value Range
Min: 0.01   Max: 1.44
Current: 1.3

0.01
1.44
Earnings Yield (Greenblatt) 1.30
SBAC's Earnings Yield (Greenblatt) is ranked lower than
53% of the 716 Companies
in the Global Telecom Services industry.

( Industry Median: 7.00 vs. SBAC: 1.30 )
SBAC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 1.5
Current: 1.3

0.1
1.5
Forward Rate of Return (Yacktman) 20.89
SBAC's Forward Rate of Return (Yacktman) is ranked higher than
92% of the 623 Companies
in the Global Telecom Services industry.

( Industry Median: 8.96 vs. SBAC: 20.89 )
SBAC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -15.8   Max: 30.2
Current: 20.89

-15.8
30.2

Business Description

Industry: Communication Services » Telecom Services
Compare:CHU, VOD, T, VZ, AMOV » details
Traded in other countries:SBJ.Germany
SBA Communications Corporation was incorporated in the State of Florida in March 1997. It is an independent owner and operator of wireless communications towers in United States, Puerto Rico and the U.S. Virgin Islands. Its principal business line is its site leasing business, which contributed 97.8% of its total segment operating profit for the year ended December 31, 2011. In its site leasing business, it leases antenna space mainly to wireless service providers on towers and other structures that it owns, manages or leases from others. Its other business line is its site development business, through which it assists wireless service providers in developing and maintaining their own wireless service networks. site development business is complementary to its site leasing business, and provides them the ability to keep in close contact with the wireless service providers who generate substantially all of its site leasing revenue and capture ancillary revenues that are generated by its site leasing activities, such as antenna and equipment installation at its tower locations. Its main focus is the leasing of antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts. Site leasing revenues are received mainly from wireless service provider tenants, including AT&T, Sprint, T-Mobile and Verizon Wireless. Wireless service providers enter into numerous different tenant leases with them, each of which relates to the lease or use of space at an individual tower site. Its site development business consists of two segments, site development consulting and site development construction. Site development services revenues are received mainly from providing a full range of end to end services to wireless service providers or companies providing development or project management services to wireless service providers. Its marketing and sales support is centralized and directed from its headquarters office in Boca Raton, Florida and is supplemented by its regional and territory offices. primary competitors for its site leasing activities are the national independent tower companies, American Tower Corporation, Crown Castle International and Global Tower Partners, a large number of regional independent tower owners, wireless service providers that own and operate their own towers and lease, or may in the future decide to lease, antenna space to other providers and alternative facilities such as rooftops, outdoor and indoor distributed antenna system networks, billboards and electric transmission towers. The Company's competitors for its site leasing activities are the national independent tower companies including American Tower Corporation, Crown Castle International and Global Tower Partners, a large number of regional independent tower owners, wireless service providers that own and operate their own towers and lease, or may in the future decide to lease, antenna space to other provid

Personalized Checklist








Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

Add Notes, Comments or Ask Questions

User Comments

No comment yet

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide