Boston Omaha Corp

Finance
Real Estate
www.bostonomaha.com

Earnings Score
Moat Score
Safety Score

Market Cap $469.60M
PE -56
Debt $36.33M
Cash $19.43M
EV $486.50M
FCF -$16.52M

Earnings

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Sales & Net Margins

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Earnings	-$8.39M
EBIT	-$9.50M
ROE	-2%
ROA	-1%
FCF	-$16.52M
Equity	$553.44M
Growth Stability	-35%
PE	-55.96
PEG	-125.86
PB	0.85
P/FCF	-28.42
P/S	4.47
Price/Cash	0.04
Debt/Equity	0.07
Debt/FCF	-2.2
Net Margins	-8%
Gross Margins	68%
Op. Margins	-9%
Earnings CAGR	0%
Sales Growth YoY	13%
Sales Growth QoQ	2%
Sales CAGR	62%
FCF CAGR	-0%
Equity CAGR	40%
Earnings Stability	0
Earnings Growth YoY	-44%

Earnings Growth QoQ	-32%
Earnings CAGR 5Y	0%
Sales CAGR 5Y	25%
FCF CAGR 5Y	-1%
Equity CAGR 5Y	12%
Earnings CAGR 3Y	25%
Sales CAGR 3Y	25%
Equity CAGR 3Y	7%
Market Cap	$469.60M
Revenue	$105.01M
Assets	$711.94M
Total Debt	$36.33M
Cash	$19.43M
Shares Outstanding	31.43M
EV	486.5M
Earnings Score	6%
Moat Score	10%
Safety Score	36%
Final Score	17%
Working Capital	56.58M
Current Ratio	2.09
Gross Profit	$71.07M
Shares Growth 3y	3%
Equity Growth QoQ	-2%
Equity Growth YoY	-8%

Assets & ROA

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Stockholders Equity & ROE

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BOSTON OMAHA Corp is registered with the U.S. Security and Exchange Commission and incorporated in the state of Delaware. BOSTON OMAHA Corp is primarely in the business of real estate operators (no developers) & lessors. For financial reporting, their fiscal year ends on December 31st. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by BOSTON OMAHA Corp. Boston Omaha Corp is a US based company which invest in real estate. Its operations include its ownership of multiple billboards in Florida, Georgia, Wisconsin, and Alabama and equity method investments in several real estate companies. The company operate three separate lines of business, outdoor billboards, surety insurance and related brokerage activities and investments in real estate management and related activities. The company generates the majority of the revenue from billboard rentals.

SEC Filings

Direct access to Boston Omaha Corp (BOC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Boston Omaha Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Boston Omaha Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 0%

Stability 0%

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Boston Omaha Corp Discounted Cash Flow

Fully customizable DCF calculator online for Boston Omaha Corp.

Years

Calculation mode

= -$165M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$17M	-$17M	-$17M	-$16M	-$16M	-$16M	-$16M	-$16M	-$16M	-$16M	-$16M	-$164M
DCF		-$15M	-$14M	-$12M	-$11M	-$10M	-$9.3M	-$8.4M	-$7.7M	-$7M	-$6.3M	-$63M
Value	-$165M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-152%	-145%	-83%	-72%	-46%	-4%	1%	93%	9%	-7%	-8%
ROA	-	-4%	-5%	-4%	-3%	-0%	0%	9%	1%	-1%	-1%
ROE	-	-4%	-5%	-4%	-3%	-0%	0%	11%	1%	-1%	-2%

Bad Net Margins (-8.26%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-0	-	-	2.66	-8.11	-2.27	-0.66	-0.79	-2.2
Debt over Equity	-1.06	0	0	-	-	0.05	0.06	0.06	0.06	0.05	0.07
Growth Stability	-	-	-	-	-	-	-	-	41%	-35%	-35%

Good Debt/FCF ratio (-2.2)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.07)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-35%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	2K%	432%	135%	122%	107%	11%	25%	43%	18%	25%
Earnings YoY growth	-	1K%	203%	104%	41%	-84%	-131%	11K%	-86%	-198%	0%
Equity YoY growth	-	-5K%	165%	137%	114%	10%	17%	23%	3%	18%	12%
FCF YoY growth	-	-	134%	151%	-44%	-321%	-144%	341%	242%	-21%	-1%