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Boston Omaha
(NYSE:BOC)
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Rating:58Neutral
Price Target:
$14.00
▼(-0.43% Downside)
Action:Reiterated
Date:09/11/26
The score is primarily supported by the company’s strong balance sheet and low financial leverage, plus positive corporate actions (notably the $30M buyback and USDA-backed financing). Offsetting these strengths are ongoing net losses, persistently negative free cash flow, and weak technical momentum (below key moving averages with negative MACD).
Positive Factors
Very low leverage and substantial equity base
Extremely low leverage gives Boston Omaha considerable financial flexibility over the next several quarters. A large equity base and limited debt obligations reduce balance-sheet pressure, support continued investment in operating subsidiaries, and improve resilience while profitability remains under development.
Negative Factors
Revenue is declining
A declining top line is a durable concern because it signals weaker current demand, lower contribution from existing operations, or reduced business momentum. Unless revenue stabilizes, Boston Omaha may have less operating leverage to absorb expenses and convert its high gross margin into stronger bottom-line results.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage and substantial equity base
Extremely low leverage gives Boston Omaha considerable financial flexibility over the next several quarters. A large equity base and limited debt obligations reduce balance-sheet pressure, support continued investment in operating subsidiaries, and improve resilience while profitability remains under development.
Read all positive factors
Boston Omaha (BOC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$405.80M
Dividend YieldN/A
Average Volume (3M)153.32K
Price to Earnings (P/E)―
Beta (1Y)0.24
Revenue Growth-2.40%
EPS Growth-1813.77%
CountryUS
Employees401
SectorIndustrials
Sector Strength72
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)-0.42
Shares Outstanding29,546,007
10 Day Avg. Volume190,950
30 Day Avg. Volume153,323
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
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
Boston Omaha makes money primarily through cash flows generated by its operating subsidiaries, supplemented by investment income and gains/losses from its investment portfolio.
1) Outdoor advertising (billboards): This segment generates revenue b...
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 | 13.76M | 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
13.92
Negative
13.54
Negative
12.98
Positive
Market Momentum
-0.15
Positive
36.47
Neutral
31.88
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 13.61, above the 50-day MA of 13.92, and above the 200-day MA of 12.98, indicating a neutral trend. The MACD of -0.15 indicates Positive momentum. The RSI at 36.47 is Neutral, neither overbought nor oversold. The STOCH value of 31.88 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 (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $822.62M | 10.01 | 27.66% | ― | 18.29% | 1634.10% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | $212.60M | -23.79 | -2.11% | 5.43% | 5.78% | 61.23% | |
58 Neutral | $405.80M | -31.50 | -2.57% | ― | -2.40% | -1813.77% | |
47 Neutral | $424.67M | -1.50 | -51.48% | ― | 2.24% | 18.11% | |
45 Neutral | $1.20B | -5.52 | 6.40% | 21.04% | -2.53% | -47.04% | |
31 Underperform | $2.77M | -2.33 | -43.19% | ― | -8.74% | 88.46% |
* Industrials Sector Average
BOC
Boston Omaha
13.23
0.14
1.07%
CCO
Clear Channel Outdoor
2.36
0.79
50.32%
NCMI
National Cinemedia
2.21
-2.25
-50.46%
QNST
Quinstreet
14.21
-1.41
-9.03%
ADV
Advantage Solutions
31.93
-6.57
-17.06%
VSME
VS Media Holdings Limited Class A
0.98
-54.22
-98.22%
Boston Omaha Corporate Events
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...
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...
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.