SBA Communications Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Feb '26 Feb 6, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Market Capitalization	109,605	113,516	135,530	132,807	159,993	235,784	Upgrade
Market Cap Growth	-14.89%	-16.24%	2.05%	-16.99%	-32.14%	44.83%	Upgrade
Enterprise Value	189,427	194,347	224,631	203,705	236,501	313,374	Upgrade
Last Close Price	185.00	206.01	245.48	237.49	279.19	416.19	Upgrade
PE Ratio	18.89	19.56	29.24	54.54	65.59	178.09	Upgrade
PS Ratio	7.07	7.32	8.18	10.09	11.49	18.33	Upgrade
PB Ratio	-4.17	-4.32	-4.33	-5.33	-5.77	-8.04	Upgrade
P/OCF Ratio	15.41	15.96	16.42	17.72	23.54	35.57	Upgrade
EV/Sales Ratio	12.77	12.53	13.55	15.48	16.99	24.36	Upgrade
EV/EBITDA Ratio	16.55	19.49	20.24	23.43	26.70	37.15	Upgrade
EV/EBIT Ratio	23.67	23.24	23.82	39.05	46.20	69.13	Upgrade
Debt / Equity Ratio	-3.21	-3.21	-3.12	-2.82	-2.89	-2.76	Upgrade
Debt / EBITDA Ratio	7.06	7.06	7.38	6.74	7.54	7.96	Upgrade
Net Debt / Equity Ratio	-3.15	-3.15	-3.08	-2.78	-2.86	-2.69	Upgrade
Net Debt / EBITDA Ratio	8.32	8.32	8.67	7.96	8.97	9.35	Upgrade
Asset Turnover	0.25	0.25	0.25	0.26	0.26	0.24	Upgrade
Quick Ratio	0.17	0.17	0.20	0.30	0.59	0.84	Upgrade
Current Ratio	0.29	0.29	0.96	0.35	0.69	1.00	Upgrade
Return on Assets (ROA)	8.25%	8.25%	8.83%	6.47%	5.94%	5.36%	Upgrade
Return on Invested Capital (ROIC)	12.44%	12.13%	14.76%	10.13%	8.83%	8.57%	Upgrade
Earnings Yield	5.29%	5.11%	3.42%	1.83%	1.52%	0.56%	Upgrade
Dividend Yield	1.80%	11.87%	9.88%	6.95%	5.38%	3.11%	Upgrade
Payout Ratio	45.46%	45.46%	56.59%	73.72%	66.48%	106.72%	Upgrade
Buyback Yield / Dilution	0.51%	0.51%	0.76%	0.44%	1.61%	2.02%	Upgrade
Total Shareholder Return	2.30%	12.38%	10.64%	7.38%	6.99%	5.12%	Upgrade

Source: S&P Capital IQ. Real Estate template. Financial Sources.