SBA Communications Corp Class A
SBAC: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$836.00 | Vrkgzt | Brlbghpr |
SBA's Enhanced Balance Sheet Is Ready for Continued International Growth
Business Strategy and Outlook
SBA Communications is a geographically diversified tower company, and one of the big three US tower firms. The firm has historically utilized the most financial leverage of its peers but has recently taken a more conservative approach to managing its balance sheet, a move we favor. The firm should benefit from incremental wireless network investment from continued carrier upgrades, both domestically and internationally, that should drive revenue and profitability.