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Boston Omaha
(NYSE:BOC)
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Rating:57Neutral
Price Target:
$13.00
▼(-7.54% Downside)
Action:Reiterated
Date:10/26/26
The score is driven primarily by strong financial stability (very low leverage and substantial equity) but weighed down by ongoing profitability challenges (negative net income, declining revenue) and persistently negative free cash flow. Technical indicators also show bearish momentum. Offsetting these risks, recent corporate actions (cash divestiture proceeds and a new buyback authorization) improve financial flexibility and potential capital returns.
Positive Factors
Very low leverage
Extremely low leverage gives Boston Omaha substantial financial flexibility and reduces interest and refinancing pressure. The strong equity base can help the company withstand operating volatility, fund selected investments, and pursue growth without relying heavily on external borrowing.
Negative Factors
Declining revenue
Revenue contraction signals weaker demand or reduced contribution from the current business mix, limiting operating leverage and making fixed costs harder to absorb. If the decline persists, it could constrain reinvestment capacity and delay the path toward sustainable earnings despite high reported gross margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low leverage gives Boston Omaha substantial financial flexibility and reduces interest and refinancing pressure. The strong equity base can help the company withstand operating volatility, fund selected investments, and pursue growth without relying heavily on external borrowing.
Read all positive factors
Boston Omaha (BOC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$384.41M
Dividend YieldN/A
Average Volume (3M)143.05K
Price to Earnings (P/E)―
Beta (1Y)0.25
Revenue Growth-2.40%
EPS Growth-1813.77%
CountryUS
Employees401
SectorGeneral
Sector StrengthN/A
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)-0.42
Shares Outstanding29,546,007
10 Day Avg. Volume105,367
30 Day Avg. Volume143,054
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.75
Price to Sales (P/S)3.40
P/FCF Ratio-38.70
Enterprise Value/Market Cap1.28
Enterprise Value/Revenue4.53
Enterprise Value/Gross Profit5.83
Enterprise Value/Ebitda24.68
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.08
Revenue Forecast (FY)$119.80M
Boston Omaha Business Overview & Revenue Model
Company Description
Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. The company operates through General Indemnity Group, LLC (GIG); Link Media Holdings, LLC (LMH); Boston...
How the Company Makes Money
BOC makes money primarily through two operating segments: (1) outdoor advertising and (2) insurance. In outdoor advertising, its billboard businesses generate revenue by selling advertising space on owned or controlled billboard structures, typica...
Boston Omaha Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
83
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 108.89M | 114.38M | 108.27M | 96.25M | 81.23M | 56.97M |
| Gross Profit | 84.72M | 99.45M | 73.93M | 64.35M | 54.54M | 38.38M |
| EBITDA | 19.99M | 14.60M | 32.59M | 17.27M | 29.73M | 88.82M |
| Net Income | -13.20M | -12.43M | -1.29M | -7.00M | 10.23M | 52.75M |
Balance Sheet | ||||||
| Total Assets | 683.05M | 713.07M | 728.35M | 768.21M | 683.72M | 807.05M |
| Cash, Cash Equivalents and Short-Term Investments | 35.30M | 78.35M | 86.61M | 96.02M | 74.07M | 235.40M |
| Total Debt | 101.52M | 108.42M | 99.89M | 88.86M | 92.98M | 90.61M |
| Total Liabilities | 167.77M | 177.00M | 165.63M | 151.75M | 157.07M | 166.46M |
| Stockholders Equity | 501.85M | 516.14M | 532.82M | 538.21M | 503.53M | 496.33M |
Cash Flow | ||||||
| Free Cash Flow | -7.03M | -10.04M | -10.96M | -35.81M | -45.22M | -13.24M |
| Operating Cash Flow | 18.48M | 17.86M | 21.24M | 16.06M | -5.17M | 7.77M |
| Investing Cash Flow | 5.57M | -13.55M | 28.10M | -64.25M | -27.41M | -45.67M |
| Financing Cash Flow | -29.45M | 1.21M | -47.56M | 32.94M | 5.54M | 64.64M |
Boston Omaha Technical Analysis
Negative
14.06
Price Trends
13.30
Negative
13.64
Negative
12.97
Negative
Market Momentum
-0.20
Negative
44.04
Neutral
60.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BOC, the sentiment is Negative. The current price of 14.06 is above the 20-day moving average (MA) of 12.78, above the 50-day MA of 13.30, and above the 200-day MA of 12.97, indicating a bearish trend. The MACD of -0.20 indicates Negative momentum. The RSI at 44.04 is Neutral, neither overbought nor oversold. The STOCH value of 60.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BOC.
Boston Omaha Risk Analysis
Boston Omaha disclosed 35 risk factors in its most recent earnings report. Boston Omaha reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Boston Omaha Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $3.12B | 18.61 | 18.62% | ― | 8.32% | 280.46% | |
63 Neutral | $486.93M | 36.70 | 2.77% | ― | 2.99% | -70.00% | |
59 Neutral | $164.62M | -18.84 | -2.11% | 6.86% | 5.78% | 61.23% | |
58 Neutral | $341.39M | -25.65 | -1.95% | 11.82% | 2.86% | -195.80% | |
57 Neutral | $384.41M | -30.38 | -2.57% | ― | -2.40% | -1813.77% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
BOC
Boston Omaha
12.76
-0.18
-1.39%
NCMI
National Cinemedia
1.75
-2.28
-56.60%
PERI
Perion Network
8.68
-0.67
-7.17%
MGNI
Magnite
21.77
3.13
16.79%
NEXN
Nexxen International
8.55
0.31
3.76%
Boston Omaha Corporate Events
Business Operations and StrategyStock BuybackM&A Transactions
Boston Omaha Sells Surety Insurance Business to CopperPoint
Positive
Oct 26, 2026
Boston Omaha has exited its surety insurance segment, operated by General Indemnity Group, LLC, through an all-cash sale to CopperPoint Insurance Company completed on October 23, 2026. The divestiture, which generated a gross purchase price of $84...
Business Operations and StrategyStock Buyback
Boston Omaha Announces New $30 Million Share Buyback
Positive
Sep 11, 2026
On September 10, 2026, Boston Omaha’s board approved a new share repurchase program authorizing buybacks of up to $30 million of Class A common stock, with the decision disclosed in a September 11, 2026 press release. The new program, effect...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Boston Omaha Shareholders Reaffirm Board and Governance Direction
Positive
Aug 24, 2026
Boston Omaha Corporation held its Annual Meeting of Stockholders on August 21, 2026, where shareholders elected six nominees as Class A directors to one-year terms, reaffirming the existing leadership. The voting results showed broad support for t...
Regulatory Filings and ComplianceShareholder Meetings
Boston Omaha Shares Annual Meeting Investor Presentation Update
Neutral
Aug 21, 2026
On August 21, 2026, Boston Omaha Corporation delivered a slide presentation at its Annual Meeting and simultaneously made the materials available on its corporate website. The slide deck, furnished via a regulatory filing, was explicitly designate...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.