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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 0.06
SBAC's Cash to Debt is ranked higher than
63% of the 941 Companies
in the Global Telecom Services industry.

( Industry Median: 0.31 vs. SBAC: 0.06 )
SBAC' s 10-Year Cash to Debt Range
Min: 0.01   Max: No Debt
Current: 0.06

Equity to Asset -0.04
SBAC's Equity to Asset is ranked higher than
60% of the 901 Companies
in the Global Telecom Services industry.

( Industry Median: 0.38 vs. SBAC: -0.04 )
SBAC' s 10-Year Equity to Asset Range
Min: -0.12   Max: 0.61
Current: -0.04

-0.12
0.61
Interest Coverage 0.77
SBAC's Interest Coverage is ranked higher than
63% of the 638 Companies
in the Global Telecom Services industry.

( Industry Median: 6.32 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: 6
Z-Score: 0.81
M-Score: -2.78
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 (%) 20.54
SBAC's Operating margin (%) is ranked higher than
92% of the 944 Companies
in the Global Telecom Services industry.

( Industry Median: 11.99 vs. SBAC: 20.54 )
SBAC' s 10-Year Operating margin (%) Range
Min: -41.62   Max: 17.6
Current: 20.54

-41.62
17.6
Net-margin (%) -3.01
SBAC's Net-margin (%) is ranked higher than
68% of the 944 Companies
in the Global Telecom Services industry.

( Industry Median: 6.41 vs. SBAC: -3.01 )
SBAC' s 10-Year Net-margin (%) Range
Min: -103.68   Max: -4.28
Current: -3.01

-103.68
-4.28
ROE (%) -20.62
SBAC's ROE (%) is ranked higher than
65% of the 913 Companies
in the Global Telecom Services industry.

( Industry Median: 12.35 vs. SBAC: -20.62 )
SBAC' s 10-Year ROE (%) Range
Min: -141.61   Max: -9.86
Current: -20.62

-141.61
-9.86
ROA (%) -0.60
SBAC's ROA (%) is ranked higher than
70% of the 952 Companies
in the Global Telecom Services industry.

( Industry Median: 4.57 vs. SBAC: -0.60 )
SBAC' s 10-Year ROA (%) Range
Min: -18.22   Max: -0.83
Current: -0.6

-18.22
-0.83
ROC (Joel Greenblatt) (%) 11.32
SBAC's ROC (Joel Greenblatt) (%) is ranked higher than
75% of the 950 Companies
in the Global Telecom Services industry.

( Industry Median: 21.42 vs. SBAC: 11.32 )
SBAC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -17.29   Max: 8.75
Current: 11.32

-17.29
8.75
Revenue Growth (%) 23.50
SBAC's Revenue Growth (%) is ranked higher than
96% of the 843 Companies
in the Global Telecom Services industry.

( Industry Median: 3.90 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
95% of the 751 Companies
in the Global Telecom Services industry.

( Industry Median: 3.30 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
68% of the 703 Companies
in the Global Telecom Services industry.

( Industry Median: 2.30 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

Q4 2013

SBAC Guru Trades in Q4 2013

Steve Mandel 5,456,548 sh (New)
Paul Tudor Jones 2,359 sh (New)
Stanley Druckenmiller 397,400 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
Q1 2014

SBAC Guru Trades in Q1 2014

Ray Dalio 8,000 sh (New)
Chuck Akre 977,600 sh (New)
Steve Mandel 8,943,844 sh (+63.91%)
Pioneer Investments 143,890 sh (+40.31%)
Steven Cohen 49,598 sh (+5.41%)
Chris Davis 49,115 sh (+3.18%)
Stanley Druckenmiller Sold Out
Paul Tudor Jones Sold Out
Ron Baron 3,762,193 sh (-3.27%)
Columbia Wanger 4,138,000 sh (-3.5%)
George Soros 809,381 sh (-11.99%)
Jim Simons 29,349 sh (-95.99%)
» More
Q2 2014

SBAC Guru Trades in Q2 2014

Andreas Halvorsen 149,697 sh (New)
Jim Simons 815,149 sh (+2677.43%)
Chris Davis 63,207 sh (+28.69%)
Chuck Akre 1,200,000 sh (+22.75%)
Steven Cohen 339,200 sh (unchged)
Steve Mandel 8,700,738 sh (-2.72%)
Pioneer Investments 137,304 sh (-4.58%)
Ron Baron 3,458,018 sh (-8.09%)
Columbia Wanger 2,900,100 sh (-29.92%)
George Soros 317,368 sh (-60.79%)
Ray Dalio 2,400 sh (-70%)
» More
Q3 2014

SBAC Guru Trades in Q3 2014

Caxton Associates 6,000 sh (New)
Andreas Halvorsen 2,080,141 sh (+1289.57%)
Chris Davis 63,209 sh (unchged)
Chuck Akre 1,200,000 sh (unchged)
Steven Cohen Sold Out
Ray Dalio Sold Out
Steve Mandel 8,670,738 sh (-0.34%)
Ron Baron 3,442,453 sh (-0.45%)
Pioneer Investments 133,346 sh (-2.88%)
Columbia Wanger 2,725,100 sh (-6.03%)
Jim Simons 429,349 sh (-47.33%)
George Soros 93,047 sh (-70.68%)
» More
» Details

Insider Trades

Latest Guru Trades with SBAC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Andreas Halvorsen 2014-09-30 Add 1289.57%0.86%$100.62 - $113.65 $ 111.523%2080141
George Soros 2014-09-30 Reduce -70.68%0.17%$100.62 - $113.65 $ 111.523%93047
Ray Dalio 2014-09-30 Sold Out $100.62 - $113.65 $ 111.523%0
Chuck Akre 2014-06-30 Add 22.75%0.67%$87.4 - $101.64 $ 111.5216%1200000
George Soros 2014-06-30 Reduce -60.79%0.44%$87.4 - $101.64 $ 111.5216%317368
Ron Baron 2014-06-30 Reduce -8.09%0.11%$87.4 - $101.64 $ 111.5216%3458018
Andreas Halvorsen 2014-06-30 New Buy0.07%$87.4 - $101.64 $ 111.5216%149697
Ray Dalio 2014-06-30 Reduce -70%$87.4 - $101.64 $ 111.5216%2400
Chris Davis 2014-06-30 Add 28.69%$87.4 - $101.64 $ 111.5216%63207
Chuck Akre 2014-03-31 New Buy2.8%$87.81 - $99.21 $ 111.5220%977600
Steve Mandel 2014-03-31 Add 63.91%1.36%$87.81 - $99.21 $ 111.5220%8943844
Ray Dalio 2014-03-31 New Buy0.01%$87.81 - $99.21 $ 111.5220%8000
Steve Mandel 2013-12-31 New Buy2.1%$77.1 - $91.83 $ 111.5230%5456548
George Soros 2013-12-31 Add 551.95%0.59%$77.1 - $91.83 $ 111.5230%919636
Ron Baron 2013-12-31 Reduce -7.09%0.11%$77.1 - $91.83 $ 111.5230%3889482
Chris Davis 2013-12-31 Reduce -41.34%0.01%$77.1 - $91.83 $ 111.5230%47602
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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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

Ratios

vs
industry
vs
history
P/S 9.85
SBAC's P/S is ranked higher than
64% of the 1019 Companies
in the Global Telecom Services industry.

( Industry Median: 1.71 vs. SBAC: 9.85 )
SBAC' s 10-Year P/S Range
Min: 0.89   Max: 10.93
Current: 9.85

0.89
10.93
PFCF 31.86
SBAC's PFCF is ranked higher than
83% of the 1019 Companies
in the Global Telecom Services industry.

( Industry Median: 31.51 vs. SBAC: 31.86 )
SBAC' s 10-Year PFCF Range
Min: 8.31   Max: 184.33
Current: 31.86

8.31
184.33
EV-to-EBIT 71.44
SBAC's EV-to-EBIT is ranked higher than
73% of the 1019 Companies
in the Global Telecom Services industry.

( Industry Median: 17.20 vs. SBAC: 71.44 )
SBAC' s 10-Year EV-to-EBIT Range
Min: -327.1   Max: 2100.2
Current: 71.44

-327.1
2100.2
Current Ratio 0.50
SBAC's Current Ratio is ranked higher than
63% of the 926 Companies
in the Global Telecom Services industry.

( Industry Median: 1.03 vs. SBAC: 0.50 )
SBAC' s 10-Year Current Ratio Range
Min: 0.12   Max: 5.31
Current: 0.5

0.12
5.31
Quick Ratio 0.50
SBAC's Quick Ratio is ranked higher than
64% of the 926 Companies
in the Global Telecom Services industry.

( Industry Median: 0.97 vs. SBAC: 0.50 )
SBAC' s 10-Year Quick Ratio Range
Min: 0.12   Max: 5.31
Current: 0.5

0.12
5.31

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 4.69
SBAC's Price/DCF (Projected) is ranked higher than
82% of the 1019 Companies
in the Global Telecom Services industry.

( Industry Median: 2.01 vs. SBAC: 4.69 )
SBAC' s 10-Year Price/DCF (Projected) Range
Min: 2   Max: 422.14
Current: 4.69

2
422.14
Price/Median PS Value 1.38
SBAC's Price/Median PS Value is ranked higher than
74% of the 1019 Companies
in the Global Telecom Services industry.

( Industry Median: 1.11 vs. SBAC: 1.38 )
SBAC' s 10-Year Price/Median PS Value Range
Min: 0.01   Max: 1.9
Current: 1.38

0.01
1.9
Earnings Yield (Greenblatt) 1.40
SBAC's Earnings Yield (Greenblatt) is ranked higher than
71% of the 931 Companies
in the Global Telecom Services industry.

( Industry Median: 6.10 vs. SBAC: 1.40 )
SBAC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 1.5
Current: 1.4

0.1
1.5
Forward Rate of Return (Yacktman) 28.71
SBAC's Forward Rate of Return (Yacktman) is ranked higher than
94% of the 652 Companies
in the Global Telecom Services industry.

( Industry Median: 9.26 vs. SBAC: 28.71 )
SBAC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -109.8   Max: 40.5
Current: 28.71

-109.8
40.5

Business Description

Industry: Communication Services » Telecom Services
Compare:CHU, VOD, T, VZ, AMOV » details
Traded in other countries:SBJ.Germany,
SBA Communications Corp was incorporated in the State Florida in March 1997. The Company is an independent owner and operator of wireless communications tower structures, rooftops and other structures that support antennas used for wireless communications. The Company mainly operates in United States and its territories. It also own and operate towers in Canada, Central America, and South America. The Company's principal business line is site leasing business, it lease antenna space to wireless service providers on towers that it owns or operates and manages rooftops and tower sites for property owners under various contractual arrangements. As of December 31, 2013, Company owned 20,079 towers; it also managed or leased approximately 4,800 actual or potential towers. The Company's wireless service provider tenants, including are AT&T, Sprint, Verizon Wireless, T-Mobile, Oi, Digicel, Claro and Telefonica. At December 31, 2013, Company owned 5,196 towers in Brazil, Canada, Costa Rica, El Salvador, Guatemala, Nicaragua, and Panama. The other business line of the Company is site development business, through which it assist wireless service providers in developing and maintaining their own wireless service networks. Its services includes; network pre-design, site audits, identification of potential locations for towers and antennas, support in buying or leasing of the location, assistance in obtaining zoning approvals and permits, tower structure construction, antenna installation, and radio equipment installation, commissioning and maintenance. The Company provides its site development services on a local basis, through regional offices, territory offices and project offices. The Company faces competition from; the national independent tower companies including American Tower Corporation and Crown Castle International, 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 ("DAS") networks, billboards, and electric transmission towers in its Site Leasing business. In its Site Development business its competitors includes site development consultants, zoning consultants, real estate firms, right-of-way consulting firms, construction companies, tower owners/managers, radio frequency engineering consultants, telecommunications equipment vendors, which provide end-to-end site development services through multiple subcontractors, and wireless service providers' internal staff. The Company is subject to federal, state and local regulation of its business, both in the U.S. and internationally. In the U.S., both the Federal Aviation Administration ("FAA") and the FCC regulate the construction, modification and maintenance of antenna towers and structures that support wireless communications and radio and tel
» More Articles for SBAC

Headlines

Articles On GuruFocus.com
SBA Communications: A Leading Operator of Wireless Communications Towers Aug 26 2014 
These Technology Stocks Can Provide Good Returns Jun 23 2014 
Columbia Wanger Reports Top Five Holdings May 13 2014 
The Tower’s Growth Feb 27 2014 
Columbia Wanger’s Top Five Year-End Holdings Jan 30 2014 
Can You Hear What Steve Mandel Is Buying? Jan 29 2014 
Weekly CFO Sells Highlight: CSOD, UTX, MEMS, SBAC, BIIB Sep 22 2013 
Baron Funds Class Mid-Cap Growth Summer 2013 Newsletter Jul 15 2013 
Baron Funds Comments on SBA Communications Feb 20 2013 
Baron Funds Comments on SBA Communications Feb 06 2013 

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