WallStSmart

PennyMac Mortgage Investment Trust (PMT)vsSBA Communications Corp (SBAC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SBA Communications Corp generates 374% more annual revenue ($2.85B vs $602.22M). SBAC leads profitability with a 35.7% profit margin vs 27.6%. PMT appears more attractively valued with a PEG of 0.76. PMT earns a higher WallStSmart Score of 66/100 (B-).

PMT

Strong Buy

66

out of 100

Grade: B-

Growth: 5.0Profit: 6.5Value: 9.3Quality: 3.3
Piotroski: 3/9

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

PMTUndervalued (+74.8%)

Margin of Safety

+74.8%

Fair Value

$49.06

Current Price

$9.65

$39.41 discount

UndervaluedFair: $49.06Overvalued
SBACUndervalued (+0.4%)

Margin of Safety

+0.4%

Fair Value

$191.80

Current Price

$184.03

$7.77 discount

UndervaluedFair: $191.80Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

PMT5 strengths · Avg: 9.0/10
P/E RatioValuation
8.1x10/10

Attractively priced relative to earnings

Price/BookValuation
0.6x10/10

Reasonable price relative to book value

Profit MarginProfitability
27.6%9/10

Keeps 28 of every $100 in revenue as profit

PEG RatioValuation
0.768/10

Growing faster than its price suggests

Operating MarginProfitability
20.8%8/10

Strong operational efficiency at 20.8%

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

PMT4 concerns · Avg: 2.8/10
Market CapQuality
$822.32M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
7.7%3/10

ROE of 7.7% — below average capital efficiency

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Revenue GrowthGrowth
-50.5%2/10

Revenue declined 50.5%

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

ROE of 0.0% — below average capital efficiency

PEG RatioValuation
7.512/10

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 : PMT

The strongest argument for PMT centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 27.6% and operating margin at 20.8%. PEG of 0.76 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 : PMT

The primary concerns for PMT are Market Cap, Return on Equity, Piotroski F-Score. Debt-to-equity of 10.87 is elevated, increasing financial risk.

Bear Case : SBAC

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

Key Dynamics to Monitor

PMT profiles as a declining stock while SBAC is a mature play — different risk/reward profiles.

PMT carries more volatility with a beta of 1.12 — 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

PMT scores higher overall (66/100 vs 49/100), backed by strong 27.6% margins. Both earn "Strong 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.

PennyMac Mortgage Investment Trust

REAL ESTATE · REIT - MORTGAGE · USA

PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in mortgage-related assets in the United States. The company is headquartered in Westlake Village, California.

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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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