WallStSmart

Farmland Partners Inc (FPI)vsSBA Communications Corp (SBAC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SBA Communications Corp generates 5336% more annual revenue ($2.82B vs $51.79M). FPI leads profitability with a 60.9% profit margin vs 37.4%. SBAC trades at a lower P/E of 17.0x. SBAC earns a higher WallStSmart Score of 57/100 (C).

FPI

Hold

45

out of 100

Grade: D+

Growth: 2.0Profit: 7.0Value: 5.7Quality: 7.3
Piotroski: 4/9Altman Z: 2.08

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

FPISignificantly Overvalued (-192.3%)

Margin of Safety

-192.3%

Fair Value

$4.15

Current Price

$11.04

$6.89 premium

UndervaluedFair: $4.15Overvalued
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

FPI4 strengths · Avg: 9.5/10
Price/BookValuation
1.0x10/10

Reasonable price relative to book value

Profit MarginProfitability
60.9%10/10

Keeps 61 of every $100 in revenue as profit

Operating MarginProfitability
59.6%10/10

Strong operational efficiency at 59.6%

P/E RatioValuation
17.8x8/10

Attractively priced relative to earnings

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

FPI4 concerns · Avg: 2.5/10
Market CapQuality
$480.07M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
5.7%3/10

ROE of 5.7% — below average capital efficiency

Revenue GrowthGrowth
-1.8%2/10

Revenue declined 1.8%

EPS GrowthGrowth
-59.8%2/10

Earnings declined 59.8%

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 : FPI

The strongest argument for FPI centers on Price/Book, Profit Margin, Operating Margin. Profitability is solid with margins at 60.9% and operating margin at 59.6%.

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 : FPI

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

Bear Case : SBAC

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

Key Dynamics to Monitor

FPI profiles as a declining stock while SBAC is a value play — different risk/reward profiles.

SBAC carries more volatility with a beta of 0.83 — expect wider price swings.

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

SBAC generates stronger free cash flow (241M), providing more financial flexibility.

Bottom Line

SBAC scores higher overall (57/100 vs 45/100), backed by strong 37.4% margins. Both earn "Buy" 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.

Farmland Partners Inc

REAL ESTATE · REIT - SPECIALTY · USA

Farmland Partners Inc. (FPI) is a leading real estate investment trust (REIT) focused on the acquisition and management of premium agricultural land throughout the United States. By leasing its properties to skilled farmers, FPI generates reliable cash flows while capitalizing on the expanding agricultural market. The company emphasizes sustainable farming techniques and strategic diversification to address the growing global demand for food, positioning itself to deliver value to investors. With a robust portfolio and a commitment to operational excellence, Farmland Partners is well-equipped to adapt to the dynamic agricultural sector and drive long-term shareholder growth.

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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