oOh media Ltd (OML) AI Stock Analysis

• Market Cap: AU$552.25M
• Dividend Yield: 4.29%
• Average Volume (3M): 736.42K
• Price to Earnings (P/E): 32.4
• Beta (1Y): 0.57
• Revenue Growth: 9.25%
• EPS Growth: -42.79%
• Country: AU
• Employees: 1,800
• Sector: Communication Services
• Sector Strength: 97
• Industry: Advertising Agencies
• EPS (TTM): 0.05
• Shares Outstanding: 538,781,300
• 10 Day Avg. Volume: 829,925
• 30 Day Avg. Volume: 736,418
• PEG Ratio: -0.77
• Price to Book (P/B): 0.95
• Price to Sales (P/S): 1.01
• P/FCF Ratio: 3.96
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$1.50
• Price Target Upside: 47.06% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): 0.12
• Revenue Forecast (FY): AU$728.88M

• Rating: 50 Neutral
• Price Target: AU$1.00 ▼(-1.96% Downside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is held back primarily by increased 2025 balance-sheet leverage and deteriorating net profitability, alongside a strong technical downtrend and weak momentum. Offsetting factors include historically solid cash generation and a high dividend yield, though the elevated P/E reduces valuation support.

Positive Factors

Strong cash generation

OML has consistently generated positive operating and free cash flow across the cycle, providing durable internal funding for operations and reinvestment. Persistent positive FCF supports network maintenance, DOOH rollout and working-capital needs, giving the company structural resilience versus peers.

Revenue recovery trend

Revenue rebounded meaningfully in 2025 after stagnation in 2024 and fundamentals show positive revenue growth, signaling demand recovery for OOH inventory. A sustained revenue uptrend supports capacity utilization, pricing leverage in premium locations and longer-term contract renewals with advertisers.

Diversified OOH & DOOH network

OML's mix of roadside, street furniture, retail, transport and DOOH screens creates diversified revenue sources and higher inventory utilization. DOOH permits time-slicing and dynamic selling to multiple advertisers, structurally boosting monetisation flexibility and recurring revenue potential over months.

Negative Factors

Elevated leverage

Debt-to-equity rising to ~2.5x materially increases refinancing and interest-rate sensitivity. Higher leverage reduces financial flexibility for capex or bidding on concessions, amplifies earnings volatility risk and limits the firm's ability to withstand ad-market downturns over the medium term.

Net margin erosion

A drop in net margin to ~2.4% cuts the company's cushion against cyclical ad revenue swings and raises reliance on scale or higher-margin DOOH sales. Lower after-tax profitability constrains retained earnings for reinvestment and makes dividend or debt-servicing commitments more vulnerable over time.

Weakening cash conversion

Although absolute FCF is positive, declining FCF growth and operating cash below net income signal weakening earnings quality. This reduces the company's ability to delever organically, fund network upgrades or absorb shocks without external financing, undermining long-term stability.

oOh media Ltd Business Overview & Revenue Model

Company Description

oOh!media Limited operates as an out of home media company in Australia and New Zealand. The company's portfolio includes large format classic and digital roadside screens; classic and digital signs in shopping centers, airport terminals, and lounges, as well as in cafes, pubs, universities, and office buildings; classic and digital street furniture signs; and digital and classic format advertising in public transportation corridors, such as rail. It also operates online platforms, including junkee.com, music.junkee.com, uni.junkee.com, video.junkee.com, politics.junkee.com, and punkee.com.au for millennial and youth audience; theupsider.com.au for CBD audience; and shortpress.com.au for small business audience. In addition, the company operates AWOL, Q-View for Qantas, and the Cusp for Westpac; and provides advertising creative and digital printing services. The company serves advertisers, landlords, leaseholders, community organizations, local councils, and governments. oOh!media Limited was founded in 1989 and is headquartered in North Sydney, Australia.

How the Company Makes Money

oOh!media generates revenue primarily through the leasing of advertising space on its extensive network of outdoor media assets. The company operates on a revenue model that includes both traditional and digital advertising sales, with digital screens allowing for dynamic content and targeted campaigns that can be sold at a premium. Key revenue streams include long-term contracts with advertisers, one-off campaign sales, and programmatic advertising services that enable automated ad placements. Additionally, OML benefits from significant partnerships with various brands and agencies, as well as strategic alliances with property owners and transport operators, which enhance its advertising inventory and market reach. Factors contributing to its earnings include the growth of the OOH advertising sector, increasing demand for digital advertising solutions, and a focus on innovative technologies to improve campaign effectiveness.

oOh media Ltd Financial Statement Overview

Summary

Income statement and cash flow show a meaningful recovery with consistently positive free cash flow, but 2025 net margin fell to ~2.4% (down from ~5–6% in 2022–2024). Balance-sheet risk is elevated as leverage rose sharply in 2025 (debt-to-equity ~2.5x), increasing sensitivity to volatility and financing costs.

Income Statement

Revenue has recovered strongly over the cycle (2025 up meaningfully vs. 2024, after flat growth in 2024), and operating profitability has generally improved from the 2020–2021 loss years to consistent profits in 2022–2025. That said, profitability quality in 2025 looks weaker: net margin fell to ~2.4% from ~5–6% in 2022–2024, indicating heavier below-the-line costs and/or higher financing and non-operating drag. Gross margin also shows notable volatility across years, which raises questions on earnings stability.

Balance Sheet

Leverage has increased sharply in 2025, with debt-to-equity rising to ~2.5x from ~1.0–1.3x in 2021–2024, leaving the company more exposed to refinancing risk and earnings volatility. Equity is broadly stable, but total debt now dominates the capital structure relative to prior years. Returns on equity were modestly positive in 2022–2024, but the higher leverage combined with thinner 2025 net profitability materially increases balance-sheet risk.

Cash Flow

Cash generation is a clear strength: operating cash flow and free cash flow have remained solid and positive across all years shown, including the downturn period. However, free cash flow growth has been negative in 2023–2025 (and sharply down in 2025), signaling weakening cash momentum. Cash conversion also looks less supportive in 2024–2025, with operating cash flow running below net income in both years, which is a mild quality-of-earnings flag even though absolute free cash flow remains healthy.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	691.37M	635.63M	633.91M	592.62M	503.73M
Gross Profit	156.71M	433.88M	417.75M	112.10M	49.52M
EBITDA	325.43M	149.72M	244.92M	290.90M	238.38M
Net Income	16.91M	36.58M	34.62M	31.52M	-10.29M
Balance Sheet
Total Assets	1.90B	1.79B	1.66B	1.73B	1.85B
Cash, Cash Equivalents and Short-Term Investments	18.26M	21.45M	31.65M	40.05M	60.05M
Total Debt	1.85B	956.93M	806.84M	827.90M	951.74M
Total Liabilities	1.17B	1.05B	918.13M	929.06M	1.05B
Stockholders Equity	733.45M	746.93M	742.23M	805.75M	803.55M
Cash Flow
Free Cash Flow	175.72M	139.07M	171.25M	195.65M	141.38M
Operating Cash Flow	223.45M	180.67M	211.00M	222.69M	156.08M
Investing Cash Flow	-53.55M	-38.52M	-41.90M	-28.89M	-13.80M
Financing Cash Flow	-171.43M	-154.01M	-177.50M	-213.80M	-162.28M

oOh media Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:OML, the sentiment is Negative. The current price of 1.02 is below the 20-day moving average (MA) of 1.06, below the 50-day MA of 1.18, and below the 200-day MA of 1.41, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 37.31 is Neutral, neither overbought nor oversold. The STOCH value of 39.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:OML.

oOh media Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IGL	68 Neutral	AU$462.81M	10.48	22.94%	5.86%	-1.40%	68.17%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
MXO	54 Neutral	AU$16.46M	16.25	-1.65%	―	12.07%	98.72%
GTN	51 Neutral	AU$44.81M	-0.87	-2.90%	86.34%	-2.19%	-210.32%
OML	50 Neutral	AU$552.25M	32.44	2.70%	4.29%	9.25%	-42.79%
SXL	49 Neutral	AU$299.24M	-55.31	3.01%	5.03%	-15.51%	―
A1N	44 Neutral	AU$109.20M	22.44	-0.27%	―	―	―

oOh media Ltd Corporate Events

oOh!media sets 16 February date to unveil 2025 full-year results

oOh!media Limited has scheduled the release of its full-year results for the 12 months ended 31 December 2025 for Monday, 16 February 2026, and will host a same-day analyst and investor briefing at 9:00am AEDT. The results presentation will be accessible via webcast through the company’s investor website and a dedicated online link, underscoring its ongoing engagement with capital markets and providing stakeholders with an opportunity to assess the company’s recent performance and outlook in the out-of-home media sector.

The most recent analyst rating on (AU:OML) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on oOh media Ltd stock, see the AU:OML Stock Forecast page.

oOh!media Director Joanne Pollard Increases Indirect Shareholding

oOh!media Limited has disclosed a change in director Joanne Pollard’s indirect interest in the company, with her family trust acquiring an additional 5,300 fully paid ordinary shares via an on-market trade on 18 December 2025. Following this transaction, Pollard’s indirect holding through Giueseppina Investments Pty Ltd as trustee for the Pollard Family Trust increased from 101,461 to 106,761 shares, with no changes to any related contracts and confirmation that the trade did not occur during a closed period requiring prior written clearance.

The most recent analyst rating on (AU:OML) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on oOh media Ltd stock, see the AU:OML Stock Forecast page.

oOh!media Limited Appoints New Director with Significant Shareholding

oOh!media Limited has announced the appointment of James Taylor as a director, effective from December 8, 2025. Taylor holds 32,258 fully paid ordinary shares jointly with Susan Belinda Taylor, indicating a vested interest in the company. This appointment could influence the company’s strategic direction and potentially impact its market positioning.

The most recent analyst rating on (AU:OML) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on oOh media Ltd stock, see the AU:OML Stock Forecast page.

oOh!media Announces Director Departure and Securities Update

oOh!media Limited announced the cessation of Catherine O’Connor as a director effective December 8, 2025. The notice details her interests in securities, including performance rights and fully paid ordinary shares, reflecting changes in the company’s board composition and potential implications for its governance and strategic direction.

The most recent analyst rating on (AU:OML) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on oOh media Ltd stock, see the AU:OML Stock Forecast page.