WallStSmart

Five Point Holdings LLC (FPH)vsSBA Communications Corp (SBAC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SBA Communications Corp generates 2484% more annual revenue ($2.85B vs $110.44M). FPH leads profitability with a 41.2% profit margin vs 35.7%. FPH trades at a lower P/E of 7.8x. SBAC earns a higher WallStSmart Score of 49/100 (D+).

FPH

Hold

42

out of 100

Grade: D

Growth: 5.3Profit: 4.5Value: 7.0Quality: 5.5
Piotroski: 2/9Altman Z: 2.13

SBAC

Hold

49

out of 100

Grade: D+

Growth: 4.0Profit: 8.0Value: 4.7Quality: 5.0
Piotroski: 5/9Altman Z: -0.26
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FPHUndervalued (+6.0%)

Margin of Safety

+6.0%

Fair Value

$5.63

Current Price

$4.94

$0.69 discount

UndervaluedFair: $5.63Overvalued
SBACUndervalued (+0.8%)

Margin of Safety

+0.8%

Fair Value

$192.53

Current Price

$203.16

$10.63 discount

UndervaluedFair: $192.53Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FPH3 strengths · Avg: 10.0/10
P/E RatioValuation
7.8x10/10

Attractively priced relative to earnings

Price/BookValuation
0.4x10/10

Reasonable price relative to book value

Profit MarginProfitability
41.2%10/10

Keeps 41 of every $100 in revenue as profit

SBAC3 strengths · Avg: 10.0/10
Profit MarginProfitability
35.7%10/10

Keeps 36 of every $100 in revenue as profit

Operating MarginProfitability
52.4%10/10

Strong operational efficiency at 52.4%

Debt/EquityHealth
-3.2410/10

Conservative balance sheet, low leverage

Areas to Watch

FPH4 concerns · Avg: 3.3/10
Revenue GrowthGrowth
3.2%4/10

3.2% revenue growth

Market CapQuality
$706.98M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
5.4%3/10

ROE of 5.4% — below average capital efficiency

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

SBAC4 concerns · Avg: 2.3/10
Return on EquityProfitability
0.0%3/10

ROE of 0.0% — below average capital efficiency

PEG RatioValuation
8.442/10

Expensive relative to growth rate

EPS GrowthGrowth
-14.7%2/10

Earnings declined 14.7%

Altman Z-ScoreHealth
-0.262/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : FPH

The strongest argument for FPH centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 41.2% and operating margin at -70.7%.

Bull Case : SBAC

The strongest argument for SBAC centers on Profit Margin, Operating Margin, Debt/Equity. Profitability is solid with margins at 35.7% and operating margin at 52.4%.

Bear Case : FPH

The primary concerns for FPH are Revenue Growth, Market Cap, Return on Equity.

Bear Case : SBAC

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

Key Dynamics to Monitor

FPH profiles as a value stock while SBAC is a mature play — different risk/reward profiles.

FPH carries more volatility with a beta of 1.35 — expect wider price swings.

SBAC is growing revenue faster at 5.9% — sustainability is the question.

SBAC generates stronger free cash flow (207M), providing more financial flexibility.

Bottom Line

SBAC scores higher overall (49/100 vs 42/100), backed by strong 35.7% margins. Both earn "Hold" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

Five Point Holdings LLC

REAL ESTATE · REAL ESTATE - DEVELOPMENT · USA

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, designs and develops planned and mixed-use communities in Orange, Los Angeles and San Francisco counties. The company is headquartered in Irvine, California.

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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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