WallStSmart

Frp Holdings Ord (FRPH)vsSBA Communications Corp (SBAC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SBA Communications Corp generates 8434% more annual revenue ($2.85B vs $33.45M). SBAC leads profitability with a 35.7% profit margin vs 2.8%. FRPH appears more attractively valued with a PEG of 1.12. SBAC earns a higher WallStSmart Score of 49/100 (D+).

FRPH

Avoid

32

out of 100

Grade: F

Growth: 2.7Profit: 3.0Value: 3.3Quality: 7.0
Piotroski: 2/9Altman Z: 1.89

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

FRPHSignificantly Overvalued (-37.7%)

Margin of Safety

-37.7%

Fair Value

$17.34

Current Price

$22.97

$5.63 premium

UndervaluedFair: $17.34Overvalued
SBACUndervalued (+0.8%)

Margin of Safety

+0.8%

Fair Value

$192.43

Current Price

$208.02

$15.59 discount

UndervaluedFair: $192.43Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FRPH1 strengths · Avg: 10.0/10
Price/BookValuation
1.0x10/10

Reasonable price relative to book value

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

FRPH4 concerns · Avg: 3.3/10
Altman Z-ScoreHealth
1.894/10

Grey zone — moderate risk

Market CapQuality
$451.27M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
0.2%3/10

ROE of 0.2% — below average capital efficiency

Profit MarginProfitability
2.8%3/10

2.8% margin — thin

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

ROE of 0.0% — below average capital efficiency

PEG RatioValuation
8.502/10

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 : FRPH

The strongest argument for FRPH centers on Price/Book. PEG of 1.12 suggests the stock is reasonably priced for its growth.

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 : FRPH

The primary concerns for FRPH are Altman Z-Score, Market Cap, Return on Equity. A P/E of 470.8x leaves little room for execution misses. Thin 2.8% margins leave little buffer for downturns.

Bear Case : SBAC

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

Key Dynamics to Monitor

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

SBAC carries more volatility with a beta of 0.98 — 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 32/100), backed by strong 35.7% margins. Both earn "Hold" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

Frp Holdings Ord

REAL ESTATE · REAL ESTATE SERVICES · USA

FRP Holdings, Inc. is a real estate investment and development company in the United States. The company is headquartered in Jacksonville, Florida.

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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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