WallStSmart

Fathom Holdings Inc (FTHM)vsSBA Communications Corp (SBAC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SBA Communications Corp generates 590% more annual revenue ($2.85B vs $413.74M). SBAC leads profitability with a 35.7% profit margin vs -5.5%. SBAC earns a higher WallStSmart Score of 49/100 (D+).

FTHM

Avoid

31

out of 100

Grade: F

Growth: 3.3Profit: 2.0Value: 6.7Quality: 6.0
Piotroski: 4/9Altman Z: 3.11

SBAC

Hold

49

out of 100

Grade: D+

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

Multi-model valuation · Graham Formula

FTHMUndervalued (+89.6%)

Margin of Safety

+89.6%

Fair Value

$9.79

Current Price

$0.79

$9.00 discount

UndervaluedFair: $9.79Overvalued
SBACUndervalued (+0.4%)

Margin of Safety

+0.4%

Fair Value

$191.80

Current Price

$186.29

$5.51 discount

UndervaluedFair: $191.80Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FTHM2 strengths · Avg: 10.0/10
Price/BookValuation
0.9x10/10

Reasonable price relative to book value

Altman Z-ScoreHealth
3.1110/10

Safe zone — low bankruptcy risk

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

FTHM4 concerns · Avg: 2.8/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$28.17M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-54.2%2/10

ROE of -54.2% — below average capital efficiency

Revenue GrowthGrowth
-7.2%2/10

Revenue declined 7.2%

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

ROE of 0.0% — below average capital efficiency

PEG RatioValuation
7.712/10

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 : FTHM

The strongest argument for FTHM centers on Price/Book, Altman Z-Score.

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 : FTHM

The primary concerns for FTHM are EPS 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

FTHM profiles as a turnaround stock while SBAC is a mature play — different risk/reward profiles.

FTHM carries more volatility with a beta of 2.17 — 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 31/100), backed by strong 35.7% margins. FTHM offers better value entry with a 89.6% margin of safety. 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.

Fathom Holdings Inc

REAL ESTATE · REAL ESTATE SERVICES · USA

Fathom Holdings Inc. provides cloud-based real estate brokerage services in the southern, Atlantic, southwestern, and western parts of the United States. The company is headquartered in Cary, North Carolina.

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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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