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/SBAC
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SBA Communications Corp

SBA Communications Corp

SBAC
$185.47USD+2.23%+4.05 today

MARKET CAP

19.7B

P/E (TTM)

19.5x

FWD P/E

DAY RANGE

$181 – $186

52W RANGE

$162
$224

AI Summary

Stalk
Sell NowMedium

SBAC remains in a Stage 3 deterioration phase after failing to reclaim key moving averages and breaking below the $185 support zone on elevated volume. The medium- and long-term directional bias is bearish, reinforced by a Support Failure pattern and price below the 20 and 50-day EMAs. Short-term conditions also favor further downside, with momentum indicators trending lower and no signs of exhaustion. Execution is recommended now on bearish continuation, targeting rallies into broken support around the $185–$187 area.

  • Q2 revenue $663.9m (+5.1% YoY), net income $198.8m; FFO/share $3.05.
  • Projected ~$35m incremental domestic leasing revenue from 5G expansions.
  • International churn elevated amid carrier consolidations, weighing on foreign revenues.
Full analysis →
STATEMENT·Income statement
USD · GAAP
METRICFY 2021FY 2022FY 2023FY 2024FY 2025TREND
Sales, Adj.$2.3B$2.6B$2.7B$2.7B$2.8B
YoY %+10.8%+14.1%+3.0%-1.2%+5.1%
P / Sales18.7x11.7x10.2x8.2x7.4x
EV / Sales25.1x17.7x15.8x14.3x13.1x
Gross Profit, Adj.$1.8B$2.0B$2.1B$2.1B$2.1B
YoY %+9.8%+11.4%+6.8%-0.1%+1.3%
Margin %76.4%74.6%77.4%78.3%75.5%
EV / Gross Profit32.9x23.7x20.4x18.3x17.4x
EBITDA, Adj.$1.5B$1.7B$1.8B$1.8B$1.8B
YoY %+9.3%+10.3%+7.5%+0.4%+0.4%
Margin %66.8%64.7%67.5%68.6%65.6%
EV / EBITDA37.5x27.3x23.4x20.8x20.0x
EBIT$782.5M$925.4M$923.7M$1.4B$1.3B
YoY %+23.5%+18.3%-0.2%+55.4%-6.5%
Margin %33.9%35.1%34.1%53.6%47.7%
EV / EBIT74.1x50.3x46.4x26.7x27.5x
Net Income$237.6M$461.4M$501.8M$749.5M$1.1B
YoY %+885.8%+94.2%+8.8%+49.4%+40.6%
Net Margin10.3%17.5%18.5%28.0%37.4%
EPS (GAAP)$2.14$4.22$4.61$6.94$9.80
YoY %+919.0%+97.2%+9.2%+50.5%+41.2%