WallStSmart

Forestar Group Inc (FOR)vsSBA Communications Corp (SBAC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SBA Communications Corp generates 67% more annual revenue ($2.82B vs $1.69B). SBAC leads profitability with a 37.4% profit margin vs 9.9%. FOR appears more attractively valued with a PEG of 4.90. SBAC earns a higher WallStSmart Score of 54/100 (C-).

FOR

Buy

51

out of 100

Grade: C-

Growth: 4.7Profit: 5.5Value: 7.3Quality: 5.0

SBAC

Buy

54

out of 100

Grade: C-

Growth: 6.0Profit: 8.0Value: 6.0Quality: 3.8
Piotroski: 4/9Altman Z: -0.14
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FORUndervalued (+78.8%)

Margin of Safety

+78.8%

Fair Value

$138.91

Current Price

$26.63

$112.28 discount

UndervaluedFair: $138.91Overvalued
SBACUndervalued (+58.4%)

Margin of Safety

+58.4%

Fair Value

$458.64

Current Price

$223.14

$235.50 discount

UndervaluedFair: $458.64Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FOR3 strengths · Avg: 9.3/10
P/E RatioValuation
8.1x10/10

Attractively priced relative to earnings

Price/BookValuation
0.8x10/10

Reasonable price relative to book value

EPS GrowthGrowth
22.3%8/10

Earnings expanding 22.3% YoY

SBAC3 strengths · Avg: 10.0/10
Profit MarginProfitability
37.4%10/10

Keeps 37 of every $100 in revenue as profit

Operating MarginProfitability
52.4%10/10

Strong operational efficiency at 52.4%

EPS GrowthGrowth
115.6%10/10

Earnings expanding 115.6% YoY

Areas to Watch

FOR4 concerns · Avg: 2.5/10
Market CapQuality
$1.36B3/10

Smaller company, higher risk/reward

Operating MarginProfitability
4.7%3/10

Operating margin of 4.7%

PEG RatioValuation
4.902/10

Expensive relative to growth rate

Revenue GrowthGrowth
-3.0%2/10

Revenue declined 3.0%

SBAC4 concerns · Avg: 2.8/10
Revenue GrowthGrowth
3.7%4/10

3.7% revenue growth

Return on EquityProfitability
0.0%3/10

ROE of 0.0% — below average capital efficiency

PEG RatioValuation
4.992/10

Expensive relative to growth rate

Altman Z-ScoreHealth
-0.142/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : FOR

The strongest argument for FOR centers on P/E Ratio, Price/Book, EPS Growth.

Bull Case : SBAC

The strongest argument for SBAC centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 37.4% and operating margin at 52.4%.

Bear Case : FOR

The primary concerns for FOR are Market Cap, Operating Margin, PEG Ratio.

Bear Case : SBAC

The primary concerns for SBAC are Revenue Growth, Return on Equity, PEG Ratio.

Key Dynamics to Monitor

FOR carries more volatility with a beta of 1.45 — expect wider price swings.

SBAC is growing revenue faster at 3.7% — sustainability is the question.

SBAC generates stronger free cash flow (241M), providing more financial flexibility.

Monitor REAL ESTATE - DEVELOPMENT industry trends, competitive dynamics, and regulatory changes.

Bottom Line

SBAC scores higher overall (54/100 vs 51/100), backed by strong 37.4% margins. FOR offers better value entry with a 78.8% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Forestar Group Inc

REAL ESTATE · REAL ESTATE - DEVELOPMENT · USA

Forestar Group Inc. is a residential lot development company in the United States. The company is headquartered in Arlington, Texas.

SBA Communications Corp

REAL ESTATE · REIT - SPECIALTY · USA

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.

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