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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 0.02
SBAC's Cash to Debt is ranked higher than
59% of the 901 Companies
in the Global Telecom Services industry.

( Industry Median: 0.31 vs. SBAC: 0.02 )
SBAC' s 10-Year Cash to Debt Range
Min: 0.01   Max: No Debt
Current: 0.02

Equity to Asset 0.02
SBAC's Equity to Asset is ranked higher than
60% of the 894 Companies
in the Global Telecom Services industry.

( Industry Median: 0.39 vs. SBAC: 0.02 )
SBAC' s 10-Year Equity to Asset Range
Min: -0.12   Max: 0.61
Current: 0.02

-0.12
0.61
Interest Coverage 0.77
SBAC's Interest Coverage is ranked higher than
62% of the 630 Companies
in the Global Telecom Services industry.

( Industry Median: 5.89 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: 0.85
M-Score: -2.45
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 (%) 19.61
SBAC's Operating margin (%) is ranked higher than
91% of the 917 Companies
in the Global Telecom Services industry.

( Industry Median: 13.27 vs. SBAC: 19.61 )
SBAC' s 10-Year Operating margin (%) Range
Min: -41.62   Max: 17.6
Current: 19.61

-41.62
17.6
Net-margin (%) -0.41
SBAC's Net-margin (%) is ranked higher than
69% of the 917 Companies
in the Global Telecom Services industry.

( Industry Median: 6.99 vs. SBAC: -0.41 )
SBAC' s 10-Year Net-margin (%) Range
Min: -103.68   Max: -4.28
Current: -0.41

-103.68
-4.28
ROE (%) -1.58
SBAC's ROE (%) is ranked higher than
68% of the 889 Companies
in the Global Telecom Services industry.

( Industry Median: 12.35 vs. SBAC: -1.58 )
SBAC' s 10-Year ROE (%) Range
Min: -141.61   Max: -9.86
Current: -1.58

-141.61
-9.86
ROA (%) -0.08
SBAC's ROA (%) is ranked higher than
70% of the 921 Companies
in the Global Telecom Services industry.

( Industry Median: 4.36 vs. SBAC: -0.08 )
SBAC' s 10-Year ROA (%) Range
Min: -18.22   Max: -0.83
Current: -0.08

-18.22
-0.83
ROC (Joel Greenblatt) (%) 10.44
SBAC's ROC (Joel Greenblatt) (%) is ranked higher than
73% of the 921 Companies
in the Global Telecom Services industry.

( Industry Median: 21.42 vs. SBAC: 10.44 )
SBAC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -17.29   Max: 8.75
Current: 10.44

-17.29
8.75
Revenue Growth (%) 23.50
SBAC's Revenue Growth (%) is ranked higher than
95% of the 809 Companies
in the Global Telecom Services industry.

( Industry Median: 4.30 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 720 Companies
in the Global Telecom Services industry.

( Industry Median: 4.40 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 696 Companies
in the Global Telecom Services industry.

( Industry Median: 3.20 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

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
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
» 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
Chuck Akre 2014-06-30 Add 22.75%0.67%$87.4 - $101.64 $ 111.5716%1200000
George Soros 2014-06-30 Reduce -60.79%0.44%$87.4 - $101.64 $ 111.5716%317368
Ron Baron 2014-06-30 Reduce -8.09%0.11%$87.4 - $101.64 $ 111.5716%3458018
Andreas Halvorsen 2014-06-30 New Buy0.07%$87.4 - $101.64 $ 111.5716%149697
Chris Davis 2014-06-30 Add 28.69%$87.4 - $101.64 $ 111.5716%63207
Ray Dalio 2014-06-30 Reduce -70%$87.4 - $101.64 $ 111.5716%2400
Chuck Akre 2014-03-31 New Buy2.8%$87.81 - $99.21 $ 111.5720%977600
Steve Mandel 2014-03-31 Add 63.91%1.36%$87.81 - $99.21 $ 111.5720%8943844
Ray Dalio 2014-03-31 New Buy0.01%$87.81 - $99.21 $ 111.5720%8000
Steve Mandel 2013-12-31 New Buy2.1%$77.1 - $91.83 $ 111.5730%5456548
George Soros 2013-12-31 Add 551.95%0.59%$77.1 - $91.83 $ 111.5730%919636
Ron Baron 2013-12-31 Reduce -7.09%0.11%$77.1 - $91.83 $ 111.5730%3889482
Chris Davis 2013-12-31 Reduce -41.34%0.01%$77.1 - $91.83 $ 111.5730%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

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

Ratios

vs
industry
vs
history
P/B 89.98
SBAC's P/B is ranked lower than
52% of the 962 Companies
in the Global Telecom Services industry.

( Industry Median: 2.65 vs. SBAC: 89.98 )
SBAC' s 10-Year P/B Range
Min: 2.74   Max: 660.83
Current: 89.98

2.74
660.83
P/S 10.26
SBAC's P/S is ranked lower than
52% of the 962 Companies
in the Global Telecom Services industry.

( Industry Median: 1.60 vs. SBAC: 10.26 )
SBAC' s 10-Year P/S Range
Min: 0.79   Max: 10.75
Current: 10.26

0.79
10.75
PFCF 32.91
SBAC's PFCF is ranked higher than
74% of the 962 Companies
in the Global Telecom Services industry.

( Industry Median: 49.71 vs. SBAC: 32.91 )
SBAC' s 10-Year PFCF Range
Min: 8.31   Max: 184.33
Current: 32.91

8.31
184.33
EV-to-EBIT 77.21
SBAC's EV-to-EBIT is ranked higher than
72% of the 962 Companies
in the Global Telecom Services industry.

( Industry Median: 16.41 vs. SBAC: 77.21 )
SBAC' s 10-Year EV-to-EBIT Range
Min: -327.1   Max: 2100.2
Current: 77.21

-327.1
2100.2
Current Ratio 0.23
SBAC's Current Ratio is ranked higher than
59% of the 907 Companies
in the Global Telecom Services industry.

( Industry Median: 1.04 vs. SBAC: 0.23 )
SBAC' s 10-Year Current Ratio Range
Min: 0.12   Max: 5.31
Current: 0.23

0.12
5.31
Quick Ratio 0.23
SBAC's Quick Ratio is ranked higher than
59% of the 907 Companies
in the Global Telecom Services industry.

( Industry Median: 0.97 vs. SBAC: 0.23 )
SBAC' s 10-Year Quick Ratio Range
Min: 0.12   Max: 5.31
Current: 0.23

0.12
5.31

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 4.16
SBAC's Price/DCF (Projected) is ranked higher than
82% of the 962 Companies
in the Global Telecom Services industry.

( Industry Median: 2.15 vs. SBAC: 4.16 )
SBAC' s 10-Year Price/DCF (Projected) Range
Min: 2   Max: 422.14
Current: 4.16

2
422.14
Price/Median PS Value 1.47
SBAC's Price/Median PS Value is ranked higher than
72% of the 962 Companies
in the Global Telecom Services industry.

( Industry Median: 1.09 vs. SBAC: 1.47 )
SBAC' s 10-Year Price/Median PS Value Range
Min: 0.01   Max: 1.91
Current: 1.47

0.01
1.91
Earnings Yield (Greenblatt) 1.30
SBAC's Earnings Yield (Greenblatt) is ranked higher than
56% of the 739 Companies
in the Global Telecom Services industry.

( Industry Median: 7.30 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) 25.88
SBAC's Forward Rate of Return (Yacktman) is ranked higher than
94% of the 744 Companies
in the Global Telecom Services industry.

( Industry Median: 7.05 vs. SBAC: 25.88 )
SBAC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -120.8   Max: 30.2
Current: 25.88

-120.8
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
» 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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