SBAC

SBA Communications Corporation

Real EstateREIT - SpecialtyNASDAQ

$165.69

-$15.70 (-9.47%)today

Conviction

5/ 10

Fair Value$224.37

Upside+35.41%

Signal17.7

Market Cap$17.9B

52W Range$162.41–$245.16

Next EarningsApr 27

Conviction History

Conviction Changes

No conviction changes recorded

Price History

FAIR VALUE ANALYSISMonte Carlo · 5,000 runs · 99% valid

Fair Value$144.16

Current Price$174.15

Upside / Down-17.2%

P(Undervalued)16.8%

P(20%+ Up)3.2%

P(15%+ Down)55.4%

Fair Value Distribution — percentile bands

16.8% of simulations place fair value above current price

WHAT IS PRICED IN

Revenue-Based Reverse DCF

6.7%/yr

±3.6% · revenue growth to justify current price

FCF-Based Reverse DCF

15.8%/yr

±3.3% · FCF growth to justify current price

THE GAP

Market pricing margin compression or rising capex

KEY VALUE DRIVERS

Spearman correlation — what moves this valuation most

Bull Case

Queued for analysis

Eagle will generate this view by the next trading session (~6h).

Bear Case

Queued for analysis

Eagle will generate this view by the next trading session (~6h).

Research Feed

sec_10kMar 3

Conviction: unchanged

SBA Communications FY2025: Acquisition-Driven Growth Offset by Churn and Impairments

SBAC acquired 7K+ towers via Millicom but faces $168-171M churn headwinds in 2026 from EchoStar, Sprint, and Oi. Impairments surged 94%. Interest rates +17% weighing on $13B debt. Brazil currency & ma...