Lamar Advertising Company (LAMR) vs SBA Communications Corporation (SBAC)

Lamar Advertising Company and SBA Communications Corporation are both Reit Specialty companies. SBA Communications Corporation is the larger, with a market value of $17.6B against $14.6B — 1.2× the size. SBA Communications Corporation trades at the lower P/E: 17.8× against 26.3×. SBA Communications Corporation grew revenue faster over the last twelve months: 5.36% against 4.39%. SBA Communications Corporation has the higher net margin (34.5% vs 23.9%) and the higher return on invested capital (11.0% vs 10.4%). Both pay a dividend; Lamar Advertising Company yields more (4.73% vs 1.59%). Across the 22 metrics below, SBA Communications Corporation leads on 14 and Lamar Advertising Company on 8.

Valuation

Metric LAMR SBAC Reit Specialty median
P/E 26.27 17.85 26.27
P/S 6.28 6.14 5.86
P/B 14.68 n/m 2.19
Price to free cash flow 19.77 13.09 14.62
EV/EBITDA 16.69 17.55 16.22
EV/Sales 7.77 10.45 8.93
Earnings yield 3.81% 5.60% 3.43%
Free cash flow yield 5.06% 7.64% 5.37%

Profitability

Metric LAMR SBAC Reit Specialty median
Gross margin 67.43% 75.18% 67.43%
Operating margin 31.78% 47.65% 21.38%
Net margin 23.89% 34.51% 16.14%
Free cash flow margin 31.77% 46.89% 31.07%
Return on equity 58.42% (20.71%) 4.76%
Return on assets 8.13% 8.80% 3.29%
Return on invested capital 10.37% 11.04% 4.19%

Growth

Metric LAMR SBAC Reit Specialty median
Revenue growth (TTM) 4.39% 5.36% 5.36%
EPS growth (last fiscal year) 63.92% 41.21% —
Revenue growth, 5-year CAGR 7.63% 6.21% 6.70%
Net income growth, 5-year CAGR 19.28% 112.87% 0.00%

Health

Metric LAMR SBAC Reit Specialty median
Debt to equity 3.54 (2.75) 0.62
Current ratio 0.63 0.17 0.70
Net debt to EBITDA 3.04 7.52 4.47

Dividend

Metric LAMR SBAC Reit Specialty median
Dividend yield 4.73% 1.59% 3.88%
Payout ratio 1.20 0.67 1.14

Size

Metric LAMR SBAC Reit Specialty median
Market cap 14.59b 17.62b 8.48b

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