Boston Omaha (BOC) AI Stock Analysis

• Market Cap: $423.05M
• Dividend Yield: N/A
• Average Volume (3M): 188.44K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.24
• Revenue Growth: 7.22%
• EPS Growth: 97.88%
• Country: US
• Employees: 407
• Sector: Industrials
• Sector Strength: 72
• Industry: Advertising Agencies
• EPS (TTM): -0.08
• Shares Outstanding: 30,872,875
• 10 Day Avg. Volume: 168,088
• 30 Day Avg. Volume: 188,443
• PEG Ratio: 4.21
• Price to Book (P/B): 0.84
• Price to Sales (P/S): 4.12
• P/FCF Ratio: -40.75
• Enterprise Value/Market Cap: 1.05
• Enterprise Value/Revenue: 3.94
• Enterprise Value/Gross Profit: 5.44
• Enterprise Value/Ebitda: 17.32
• 1Y Price Target: $20.00
• Price Target Upside: 48.70% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.21
• Revenue Forecast (FY): $113.93M

• Rating: 62 Neutral
• Price Target: $14.50 ▲(7.81% Upside)

Boston Omaha's overall stock score is primarily influenced by its strong revenue growth and solid balance sheet. However, operational inefficiencies and liquidity challenges weigh on its financial performance. The technical indicators show positive momentum, but the valuation is unattractive due to negative profitability. The recent share buyback announcement is a positive corporate event, enhancing the stock's appeal.

Positive Factors

Strong Balance Sheet

A strong balance sheet with low leverage provides financial stability and flexibility, allowing the company to invest in growth opportunities and weather economic downturns.

Revenue Growth

Consistent revenue growth, supported by a strong gross profit margin, indicates effective business operations and potential for long-term value creation.

Diversified Revenue Streams

Diversified revenue streams reduce risk and enhance stability, enabling the company to capitalize on multiple market opportunities and mitigate sector-specific downturns.

Negative Factors

Operational Inefficiencies

Operational inefficiencies, as indicated by a negative EBIT margin, can hinder profitability and limit the company's ability to reinvest in growth and innovation.

Cash Flow Challenges

Negative free cash flow suggests liquidity challenges, which can impact the company's ability to fund operations, invest in growth, and meet financial obligations.

Low Profitability

Low profitability limits the company's ability to generate returns for shareholders and reinvest in business expansion, potentially affecting long-term growth prospects.

Boston Omaha Business Overview & Revenue Model

Company Description

Boston Omaha Corporation (BOC) is a diversified holding company that operates primarily in the insurance and outdoor advertising sectors. The company engages in the acquisition and development of businesses and assets within these sectors, focusing on long-term value creation. BOC's core offerings include property and casualty insurance through its subsidiary, and billboard advertising solutions, leveraging a strategic approach to expand its portfolio and enhance operational efficiencies.

How the Company Makes Money

Boston Omaha generates revenue through several key streams. The primary source of income comes from its insurance operations, where it earns premiums from policyholders. The company also collects investment income from its insurance reserves. In the outdoor advertising segment, BOC generates revenue by leasing advertising space on billboards and other advertising structures, benefiting from long-term contracts with advertisers. Additionally, BOC may realize gains from investments in other businesses and assets, contributing to its overall profitability. Strategic partnerships and acquisitions in both sectors further enhance its revenue potential, allowing the company to scale operations and diversify its income sources.

Boston Omaha Financial Statement Overview

Summary

Boston Omaha shows strong revenue growth and a solid balance sheet with low leverage. However, negative profitability metrics and cash flow challenges indicate operational inefficiencies and liquidity issues.

Income Statement

Boston Omaha's revenue growth is strong, with a significant increase in the TTM period. However, profitability metrics such as net profit margin and EBIT margin are negative, indicating challenges in achieving operational efficiency. The gross profit margin remains robust, suggesting effective cost management at the gross level.

Balance Sheet

The company maintains a low debt-to-equity ratio, indicating conservative leverage. However, the return on equity is negative, reflecting challenges in generating returns for shareholders. The equity ratio is stable, suggesting a solid capital structure.

Cash Flow

Operating cash flow is positive, but free cash flow remains negative, indicating potential liquidity challenges. The free cash flow growth rate is improving, yet the free cash flow to net income ratio is negative, highlighting inefficiencies in cash generation relative to earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	112.60M	108.27M	96.25M	81.23M	56.97M	45.74M
Gross Profit	81.65M	73.93M	64.35M	54.54M	38.38M	27.23M
EBITDA	25.63M	32.59M	17.27M	29.73M	88.82M	10.22M
Net Income	-231.27K	-1.29M	-7.00M	10.23M	52.75M	-49.09K
Balance Sheet
Total Assets	721.35M	728.35M	768.21M	683.72M	807.05M	640.71M
Cash, Cash Equivalents and Short-Term Investments	92.31M	86.61M	96.02M	74.07M	235.40M	292.52M
Total Debt	105.15M	99.89M	88.86M	92.98M	90.61M	74.99M
Total Liabilities	173.43M	165.63M	151.75M	157.07M	166.46M	114.11M
Stockholders Equity	528.38M	532.82M	538.21M	503.53M	496.33M	381.57M
Cash Flow
Free Cash Flow	-6.91M	-10.96M	-35.81M	-45.22M	-13.24M	-3.40M
Operating Cash Flow	21.17M	21.24M	16.06M	-5.17M	7.77M	5.17M
Investing Cash Flow	-3.93M	28.10M	-64.25M	-27.41M	-45.67M	-169.40M
Financing Cash Flow	6.44M	-47.56M	32.94M	5.54M	64.64M	202.81M

Boston Omaha Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 13.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 13.45 is above the 20-day moving average (MA) of 12.55, above the 50-day MA of 13.03, and below the 200-day MA of 13.79, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 61.78 is Neutral, neither overbought nor oversold. The STOCH value of 96.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BOC.

Boston Omaha Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
QNST	71 Outperform	$863.99M	191.84	4.55%	―	43.12%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BOC	62 Neutral	$423.05M	―	-0.04%	―	7.22%	97.88%
CCO	56 Neutral	$989.64M	―	―	―	-29.67%	30.13%
NCMI	54 Neutral	$403.47M	-26.20	-4.10%	2.90%	-3.67%	34.36%
ADV	39 Underperform	$400.91M	-1.19	-29.47%	―	-7.12%	-7.75%
VSME	31 Underperform	$5.26M	-1.41	-194.72%	―	-11.51%	74.52%

Boston Omaha Corporate Events

Boston Omaha Announces $30 Million Share Buyback

On November 14, 2025, Boston Omaha Corporation’s Board of Directors approved a share repurchase program allowing the company to buy back up to $30 million of its Class A common stock by December 31, 2026. This move, effective November 18, 2025, aims to enhance shareholder value and is subject to market conditions and regulatory constraints, with no obligation to repurchase a specific number of shares.