SBAC SBA Communications · $185.69 Neutral — no clear edge中性 — 无明显优势 Terminal终端 ↗

SBA Communications · Real Estate

SBAC

$185.69

SBA Communications Corporation is a real estate investment trust which owns and operates wireless infrastructure in the United States, Canada, Central America, South America, and South Africa. It was founded in 1989 as Steven Bernstein and Associates by Steven Bernstein.SBA通信公司是一家房地产投资信托基金，在美国、加拿大、中美洲、南美洲和南非拥有并运营无线基础设施。它于1989年由史蒂文·伯恩斯坦创立，当时名为史蒂文·伯恩斯坦联合公司。

Distressed困境股 Large cap大盘 $20B

Engine stance引擎立场2026-07-20

Neutral — no clear edge中性 — 无明显优势

Daily low forming, but the bigger trend is still bearish. Small size only; stop below 176.46.日线低点正在形成，但大趋势仍偏空。只适合小仓位；止损设于 176.46 下方。

Engine levels · 52-week range引擎点位 · 52周区间

$186

$187

$186

$200

$175

$159$240

Price现价 $186Trail stop止损线 $187Don't chase勿追高 $186Call wall看涨期权墙 $200Put wall看跌期权墙 $175 Buy zone买入区 $184–$185

Open in Terminal打开终端 ↗ All coverage所有股票 Data through数据截至 2026-07-20 · regenerated nightly每日更新

Price Chart价格图表

Full chart in Terminal终端完整图表 ↗

Key Statistics关键统计

Price价格

$185.69

20.6% below 52-week high低于52周高点 20.6%

Market Cap市值

$20B

Normal volume正常成交量

P/E Ratio市盈率

18.6x

31.0x sector median

Forward P/E预测市盈率

23.1x

EPS每股收益 $9.97

Beta贝塔

0.03

Moves about 0.0x the market波动幅度约为市场的 0.0 倍

Dividend Yield股息收益率

2.69%

RSI (14)RSI（14）

Neutral zone中性区域

Next Earnings下次财报

2026-08-03 (15d)

Volatility Rank波动率分位

68th pctile

hist. vol. percentile历史波动率分位数

Short Interest空头兴趣

2.5% of float

Performance价格表现

Period周期	SBAC	S&P 500	vs Index对比指数
1 Week近1周	-2.3%	-1.5%	In line with the index与指数基本持平
1 Month近1月	-3.1%	+0.6%	Lagged the index by 3.7 points落后指数 3.7 个百分点
3 Months近3月	-16.3%	+4.7%	Lagged the index by 21.0 points落后指数 21.0 个百分点
6 Months近6月	-3.1%	+7.8%	Lagged the index by 10.9 points落后指数 10.9 个百分点
Year to date年初至今	-2.3%	+9.1%	Lagged the index by 11.4 points落后指数 11.4 个百分点
1 Year近1年	-18.4%	+19.4%	Lagged the index by 37.8 points落后指数 37.8 个百分点
3 Years近3年	-13.6%	+69.4%	Lagged the index by 83.0 points落后指数 83.0 个百分点
5 Years近5年	-39.9%	+83.9%	Lagged the index by 123.8 points落后指数 123.8 个百分点

Technicals技术面

Active signals活跃信号

MA Buy (21)Double Top (Long-term)Short-term Falling Trend1-Day Return (cross-sectional rank → top/bottom gainers)Valuation cheapness percentile (0–1, higher = cheaper vs peers)

RSI (14)RSI（14） 46 Neutral zone中性区域

vs 50-day相对50日均线 -5.5% vs 50-day avg

vs 200-day相对200日均线 -3.8% vs 200-day avg

Trend strength (ADX)趋势强度（ADX） 33 Strong trend趋势强劲

Volatility rank波动率分位 68th percentile 分位

Engine reference levels — not advice引擎参考水平 — 非投资建议

Buy zone买入区间

$184.65

Don't chase above不追高于

$185.70

Stop止损

$176.50

Bounce — turn not confirmed; wait反弹 — 转向未确认，先观望

Earnings财务业绩

days until next report天后公布财报

2026-08-03

Estimates roughly stable预期基本稳定

Earnings call transcripts — coming soon财报电话会议记录 — 即将上线

Valuation估值

Multiple指标	SBAC	Sector median行业中位	Cheaper than相对便宜
P/E (trailing)市盈率（历史）	18.62x	30.98	82%
P/E (forward)市盈率（预测）	23.1x	—	—
P/S市销率	6.97x	6.79	48%
Earnings yield盈利收益率	5.37%	3.11	85%
FCF yield自由现金流收益率	5.44%	4.84	67%
Shareholder yield股东收益率	2.54%	3.84	31%
EV/EBITDA企业价值/EBITDA	21.88x	14.15	17%
P/FCF市值/自由现金流	18.40x	18.95	55%

Analyst price targets — coming soon分析师目标价 — 即将上线

Financials财务数据

Revenue营业收入

$2.1B

2020

$2.3B

2021

$2.6B

2022

$2.7B

2023

$2.7B

2024

$2.8B

2025

5yr CAGR5年复合增速: 6.2%

Earnings Per Share每股收益

$0.21

2020

$2.14

2021

$4.22

2022

$4.61

2023

$6.94

2024

$9.80

2025

5yr CAGR5年复合增速: 115.7%

Free Cash Flow自由现金流

$997.5M

2020

$1.1B

2021

$1.1B

2022

$1.3B

2023

$1.1B

2024

$1.1B

2025

Margins利润率

Gross margin毛利率

75.5%

Operating margin营业利润率

47.7%

Net margin净利率

37.4%

FCF margin自由现金流利润率

45.9%

-21.7%Return on Equity股本回报率

9.1%Return on Assets资产回报率

Leverage杠杆

Net debt / EBITDA净债务/EBITDA	8.57
Current ratio流动比率	0.29

Capital Allocation资本配置

Stock-based comp股权薪酬	$75.7M
Share count change (1y)股数变化（1年）	-1.8%

Piotroski皮奥特罗斯基 7/9 Altman Z阿尔特曼Z: distress (0.3) Warning警示

Snapshot Gauges综合指标

Valuation vs Sector估值相对行业

Roughly fair vs sector相对行业估值合理

Cheaper than 54% of its sector on blended multiples综合估值倍数低于行业内 54% 的公司

Beta市场敏感度

0.03×

0.21×3×

Moves about 0.0× the market波动幅度约为市场的 0.0 倍

Financial Health财务健康

7/9

Altman阿尔特曼: distress

Strong financial health财务健康状况良好

Dividend分红

2.69%

Pays a dividend (2.69% yield)有分红（收益率 2.69%）

Why Is It Moving为何波动

Sector / Theme行业/主题 Real Estate (Equal-Weight) theme — #8 of 46 themes「房地产（等权）」主题 — 46 个主题中第 8 位

Macro宏观 Long-duration name into a restrictive, rising-real-rate regime → rate headwind.长久期标的进入偏紧、实际利率上行的环境→利率逆风。

Positioning持仓 Short interest changed +13.6%空头仓位变动 +13.6%

Technical技术面 SBAC broke down vs the marketSBAC 相对市场走弱

Options Positioning期权持仓

Market makers are net short gamma — price moves may amplify做市商净持有负伽玛，价格波动可能被放大

Expected daily move预期日波动

±1.88%

Expected weekly move预期周波动

±4.20%

Call wall看涨密集区

$200

Put wall看跌密集区

$175

Gamma flip伽玛翻转

$192

25d risk reversal25d风险逆转

0.9%

Skew: 偏斜：balanced

Signal History信号历史

DOWNTREND → UNCONFIRMED TURN下跌趋势 → 未确认转向

HIGH-RISK · NIMBLE ONLY. A daily bottoming setup is forming (swing low in, momentum turned up) — but the higher timeframes haven't confirmed it: the bigger picture is still bearish (weekly momentum negative). This is an UNCONFIRMED TURN, not a confirmed buy. Weekly confirmation lags price, so this exact reading covers BOTH bounces that fail AND the first leg of a genuine new cycle — you can't tell which in real time, so treat it as a risk/size signal, not a direction call. Measured: weekly-unconfirmed bottoming setups held the low ~49% of the time vs ~68% once the weekly turns up高风险 · 仅限灵活操作。正在形成日线筑底形态（摆动低点已现、动量转向上行）——但更高周期尚未确认：大局仍偏空（周线动量为负）。这是「未确认转向」，并非已确认的买入。周线确认滞后于价格，因此同样的读数既涵盖最终失败的反弹，也涵盖真正新周期的第一段——实时无法判定属于哪一种，故应将其视为风险/仓位信号，而非方向判断。实测：周线未确认的筑底形态约 49% 守住低点，周线转向后升至约 68%

COUNTERTREND BOUNCE UNCONFIRMED TURN

Jul 16, 2026

SBAC broke down vs the marketSBAC 相对市场走弱

Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $185.04.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$185.04。

Jul 9, 2026

SBAC daily MACD crossed upSBAC 日线MACD上穿

The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $182.48.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$182.48。

Jul 6, 2026

UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势

AVOID回避

Jul 2, 2026

DOWNTREND → UNCONFIRMED TURN下跌趋势 → 未确认转向

HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作

Jul 2, 2026

SBAC StochRSI turned up from oversoldSBAC StochRSI自超卖区上行

StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $184.56.StochRSI重回20上方 — 下行动量趋缓的最早预警。$184.56。

Jun 30, 2026

SBAC printed a daily-cycle lowSBAC 打出日线周期低点

A confirmed local low — in this cycle framework the highest-odds long-entry window. $176.46.一个已确认的局部低点 — 在本周期框架中做多胜率最高的入场窗口。$176.46。

Jun 19, 2026

SBAC weekly MACD crossed downSBAC 周线MACD下穿

The weekly MACD histogram turned negative — the slower, less-whippy momentum read.周线MACD柱状图转负 — 更慢、更少来回的动量信号。

Jun 17, 2026

SBAC lost its 200-day averageSBAC 跌破200日均线

Price closed below the 200-day moving average — the classic bear dividing line. $191.57.收盘跌破200日均线 — 经典的空头分界线。$191.57。

Jun 17, 2026

SBAC broke down vs the marketSBAC 相对市场走弱

Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $191.57.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$191.57。

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