Boston Omaha Corporation (BOC)
NYSE:BOC
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Boston Omaha
(NYSE:BOC)
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Rating:59Neutral
Price Target:
$14.00
▲(14.38% Upside)
Action:Reiterated
Date:06/16/26
The score is driven primarily by solid balance-sheet resilience and improving operating cash flow, plus supportive technical momentum. It is held back by continued net losses/negative free cash flow (also reflected in the negative P/E) and mixed recent corporate updates despite several positive strategic actions.
Positive Factors
Balance-sheet strength
Very low leverage and a sizeable equity base provide durable financial flexibility to fund multi-year fiber builds, absorb investment volatility, and pursue opportunistic deployments or acquisitions without urgent refinancing. This underpins multi-month strategic options.
Negative Factors
Persistent net losses / negative ROE
Negative ROE and recurring losses indicate the company has not translated its equity base into sustainable shareholder profits. Over a multi-month horizon this limits retained-earnings growth and raises pressure to demonstrate improving operational returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
Very low leverage and a sizeable equity base provide durable financial flexibility to fund multi-year fiber builds, absorb investment volatility, and pursue opportunistic deployments or acquisitions without urgent refinancing. This underpins multi-month strategic options.
Read all positive factors
Boston Omaha (BOC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$399.51M
Dividend YieldN/A
Average Volume (3M)263.01K
Price to Earnings (P/E)―
Beta (1Y)0.26
Revenue Growth4.02%
EPS Growth-1668.90%
CountryUS
Employees407
SectorIndustrials
Sector Strength72
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)-0.44
Shares Outstanding29,823,849
10 Day Avg. Volume209,735
30 Day Avg. Volume263,015
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 Cap1.18
Enterprise Value/Revenue4.10
Enterprise Value/Gross Profit5.39
Enterprise Value/Ebitda54.36
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 (BOC) is a diversified enterprise that, through its various subsidiaries, primarily operates in the outdoor billboard advertising sector throughout the southeastern United States. The company's portfolio also extends to su...
How the Company Makes Money
Boston Omaha makes money primarily through (1) operating earnings from its majority-owned subsidiaries and (2) returns on investments.
1) Outdoor advertising (billboards and related out-of-home media): The company generates revenue by selling adv...
Boston Omaha Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
78
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 114.89M | 114.38M | 108.27M | 96.25M | 81.23M | 56.97M |
| Gross Profit | 87.35M | 99.45M | 73.93M | 64.35M | 54.54M | 38.38M |
| EBITDA | 8.67M | 14.60M | 32.59M | 17.27M | 29.73M | 88.82M |
| Net Income | -13.91M | -12.43M | -1.29M | -7.00M | 10.23M | 52.75M |
Balance Sheet | ||||||
| Total Assets | 696.16M | 713.07M | 728.35M | 768.21M | 683.72M | 807.05M |
| Cash, Cash Equivalents and Short-Term Investments | 79.08M | 78.35M | 86.61M | 96.02M | 74.07M | 235.40M |
| Total Debt | 105.65M | 108.42M | 99.89M | 88.86M | 92.98M | 90.61M |
| Total Liabilities | 172.99M | 177.00M | 165.63M | 151.75M | 157.07M | 166.46M |
| Stockholders Equity | 509.22M | 516.14M | 532.82M | 538.21M | 503.53M | 496.33M |
Cash Flow | ||||||
| Free Cash Flow | -8.36M | -10.04M | -10.96M | -35.81M | -45.22M | -13.24M |
| Operating Cash Flow | 19.16M | 17.86M | 21.24M | 16.06M | -5.17M | 7.77M |
| Investing Cash Flow | 3.16M | -13.55M | 28.10M | -64.25M | -27.41M | -45.67M |
| Financing Cash Flow | -16.77M | 1.21M | -47.56M | 32.94M | 5.54M | 64.64M |
Boston Omaha Technical Analysis
Positive
12.24
Price Trends
12.50
Positive
12.41
Positive
12.70
Positive
Market Momentum
0.28
Positive
52.14
Neutral
25.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BOC, the sentiment is Positive. The current price of 12.24 is below the 20-day moving average (MA) of 13.24, below the 50-day MA of 12.50, and below the 200-day MA of 12.70, indicating a neutral trend. The MACD of 0.28 indicates Positive momentum. The RSI at 52.14 is Neutral, neither overbought nor oversold. The STOCH value of 25.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BOC.
Boston Omaha Risk Analysis
Boston Omaha disclosed 33 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 (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $750.24M | 11.43 | 23.85% | ― | 14.75% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $462.81M | -1.87 | -40.17% | ― | 1.81% | 42.29% | |
59 Neutral | $399.51M | -29.11 | -2.67% | ― | 4.02% | -1668.90% | |
56 Neutral | $318.85M | -37.73 | -2.31% | 3.05% | 1.72% | 52.08% | |
50 Neutral | $1.23B | -5.83 | 5.99% | ― | -12.49% | 38.34% | |
| ― | $6.72M | -6.05 | -194.72% | ― | -8.74% | 88.46% |
* Industrials Sector Average
BOC
Boston Omaha
13.14
-0.87
-6.21%
CCO
Clear Channel Outdoor
2.41
1.25
107.76%
NCMI
National Cinemedia
3.40
-1.66
-32.81%
QNST
Quinstreet
13.06
-2.45
-15.80%
ADV
Advantage Solutions
34.81
-2.94
-7.79%
VSME
VS Media Holdings Limited Class A
2.43
-13.77
-85.00%
Boston Omaha Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Boston Omaha Subsidiary Secures USDA-Backed Rural Broadband Financing
Positive
Jun 15, 2026
On June 9, 2026, FIF Utah, LLC, a subsidiary of Boston Omaha Broadband, secured final approval from the U.S. Department of Agriculture for a combined $22.97 million in loan and grant funding under the Rural Utilities Service ReConnect Program. The...
Business Operations and StrategyStock BuybackM&A Transactions
Boston Omaha to Sell General Indemnity Surety Unit
Positive
May 18, 2026
On May 18, 2026, Boston Omaha Corporation announced a definitive agreement to sell its General Indemnity Group surety insurance unit, including United Casualty Surety Insurance Company, BOSS Bonds and the SuretyBonds.Market technology platform, t...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Boston Omaha Issues 2025 Annual Letter and Update
Neutral
Mar 31, 2026
On March 30, 2026, Boston Omaha Corporation released its 2025 Annual Letter on its website, providing shareholders and the market with a detailed written update on the prior year’s performance and strategic direction. The company simultaneou...
Stock BuybackFinancial Disclosures
Boston Omaha Posts Higher Revenue but Wider 2025 Loss
Negative
Mar 31, 2026
Boston Omaha Corporation reported its full-year 2025 financial results on March 30, 2026, showing total revenues of $114.4 million, up from $108.3 million in 2024, driven by modest growth in billboard rentals, broadband services and insurance-rela...
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.