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SBA Communications Corp (SBAC) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

SBA Communications Corp (SBAC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. SBA Communications Corp is an independent owner and operator of wireless communications towers in the United States, Brazil, Puerto Rico, Canada, and Central America. SBA Communications Corp has a market cap of $20.3 billion; its shares were traded at around $180.56 with a P/E ratio of 440.38 and P/S ratio of 11.23. SBA Communications Corp had annual average EBITDA growth of 16.50% over the past ten years. GuruFocus rated SBA Communications Corp the business predictability rank of 3.5-star.


For the last quarter SBA Communications Corp reported a revenue of $483.8 million, compared with the revenue of $443.1 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $1.9 billion, an increase of 8% from last year. For the last five years SBA Communications Corp had an average revenue growth rate of 6.4% a year.

The reported diluted earnings per share was 41 cents for the year, a decline of 52.3% from the previous year. The SBA Communications Corp enjoyed an operating margin of 31.21%, compared with the operating margin of 29.38% a year before. The 10-year historical median operating margin of SBA Communications Corp is 22.70%. The profitability rank of the company is 9 (out of 10).

At the end of the fiscal year, SBA Communications Corp has the cash and cash equivalents of $143.4 million, compared with $68.8 million in the previous year. The long term debt was $9 billion, compared with $9.3 billion in the previous year. The interest coverage to the debt is 1.5, which is not a favorable level. SBA Communications Corp has a financial strength rank of 3 (out of 10).

At the current stock price of $180.56, SBA Communications Corp is traded at 33.6% premium to its historical median P/S valuation band of $135.16. The P/S ratio of the stock is 11.23, while the historical median P/S ratio is 8.41. The intrinsic value of the stock is $4.39 a share, according to GuruFocus DCF Calculator. The stock gained 10.55% during the past 12 months.

For the complete 20-year historical financial data of SBAC, click here.

This article first appeared on GuruFocus.