WallStSmart

Lamar Advertising Company (LAMR)vsSBA Communications Corp (SBAC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SBA Communications Corp generates 24% more annual revenue ($2.82B vs $2.27B). SBAC leads profitability with a 37.4% profit margin vs 25.9%. LAMR appears more attractively valued with a PEG of 2.20. LAMR earns a higher WallStSmart Score of 58/100 (C).

LAMR

Buy

58

out of 100

Grade: C

Growth: 3.3Profit: 9.0Value: 7.3Quality: 3.8
Piotroski: 5/9Altman Z: 0.56

SBAC

Buy

57

out of 100

Grade: C

Growth: 6.0Profit: 8.0Value: 7.3Quality: 3.8
Piotroski: 4/9Altman Z: -0.14
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

LAMRSignificantly Overvalued (-241.0%)

Margin of Safety

-241.0%

Fair Value

$38.90

Current Price

$126.47

$87.57 premium

UndervaluedFair: $38.90Overvalued
SBACUndervalued (+58.4%)

Margin of Safety

+58.4%

Fair Value

$459.11

Current Price

$165.15

$293.96 discount

UndervaluedFair: $459.11Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

LAMR3 strengths · Avg: 9.7/10
Return on EquityProfitability
57.2%10/10

Every $100 of equity generates 57 in profit

Operating MarginProfitability
32.9%10/10

Strong operational efficiency at 32.9%

Profit MarginProfitability
25.9%9/10

Keeps 26 of every $100 in revenue as profit

SBAC4 strengths · Avg: 9.5/10
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

P/E RatioValuation
17.0x8/10

Attractively priced relative to earnings

Areas to Watch

LAMR4 concerns · Avg: 3.5/10
PEG RatioValuation
2.204/10

Expensive relative to growth rate

Price/BookValuation
12.7x4/10

Trading at 12.7x book value

Revenue GrowthGrowth
2.3%4/10

2.3% revenue growth

EPS GrowthGrowth
-2.8%2/10

Earnings declined 2.8%

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
3.912/10

Expensive relative to growth rate

Altman Z-ScoreHealth
-0.142/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : LAMR

The strongest argument for LAMR centers on Return on Equity, Operating Margin, Profit Margin. Profitability is solid with margins at 25.9% and operating margin at 32.9%.

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 : LAMR

The primary concerns for LAMR are PEG Ratio, Price/Book, Revenue Growth.

Bear Case : SBAC

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

Key Dynamics to Monitor

LAMR carries more volatility with a beta of 1.23 — expect wider price swings.

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

LAMR generates stronger free cash flow (245M), providing more financial flexibility.

Monitor REIT - SPECIALTY industry trends, competitive dynamics, and regulatory changes.

Bottom Line

LAMR scores higher overall (58/100 vs 57/100), backed by strong 25.9% margins. SBAC offers better value entry with a 58.4% 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.

Lamar Advertising Company

REAL ESTATE · REIT - SPECIALTY · USA

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with more than 357,500 displays in the United States and Canada.

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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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