Boston Omaha (BOC) AI Stock Analysis

• Market Cap: $443.81M
• Dividend Yield: N/A
• Average Volume (3M): 147.84K
• Price to Earnings (P/E): 498.6
• Beta (1Y): 0.50
• Revenue Growth: 11.58%
• EPS Growth: N/A
• Country: US
• Employees: 407
• Sector: Communication Services
• Sector Strength: 83
• Industry: Advertising Agencies
• EPS (TTM): -0.02
• Shares Outstanding: 30,872,875
• 10 Day Avg. Volume: 198,247
• 30 Day Avg. Volume: 147,837
• PEG Ratio: -1.27
• Price to Book (P/B): 1.56
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -17.40
• Enterprise Value/Market Cap: 1.20
• Enterprise Value/Revenue: 1.25
• Enterprise Value/Gross Profit: 6.24
• Enterprise Value/Ebitda: 5.25
• 1Y Price Target: $20.00
• Price Target Upside: 41.74% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 60 Neutral
• Price Target: $15.00 ▲(6.31%Upside)

The overall stock score is primarily influenced by financial performance challenges, particularly in profitability and cash flow management. Additionally, technical indicators suggest neutral to slightly negative sentiment, and valuation concerns arise from an extremely high P/E ratio, potentially indicating overvaluation.

Positive Factors

Insurance performance

The Insurance segment posted a strong quarter, with premium and commission revenues growing significantly year over year.

Revenue growth

Boston Omaha delivered another strong quarter, with broad-based revenue growth across all segments.

Negative Factors

Broadband challenges

Broadband revenue growth decelerated, and its EBITDA was significantly below estimates.

Capital consumption

Broadband is consuming significant capital, requiring BOC to demonstrate improvement to ensure the durability of potential cash flows.

Boston Omaha Business Overview & Revenue Model

Company Description

Boston Omaha Corporation (BOC) is a diversified holding company that operates across several sectors, including advertising, insurance, and real estate. The company invests in and operates businesses primarily in these industries, aiming to generate long-term growth and shareholder value. Boston Omaha's core services include outdoor advertising, surety insurance, and real estate management and development.

How the Company Makes Money

Boston Omaha Corporation makes money through its diversified operations in outdoor advertising, insurance, and real estate. In the outdoor advertising sector, BOC generates revenue by owning and leasing billboard spaces to advertisers. The insurance division earns income through the sale of surety insurance products, which include bonds for construction and commercial services. Additionally, the company invests in real estate ventures, generating returns through property development, management, and sales. Boston Omaha's earnings are further supported by strategic partnerships and investments in various businesses that align with its long-term growth strategy.

Boston Omaha Financial Statement Overview

Summary

Revenue growth is robust, and the company's equity position is strong. However, negative profit margins and cash flow issues indicate areas of concern in operational efficiency and financial health.

Income Statement

The company has shown consistent revenue growth over the years, with a strong increase in 2024. However, the net profit margin is negative due to net losses, impacting overall profitability. Gross profit margin remains solid, but negative EBIT and EBITDA margins indicate operational challenges.

Balance Sheet

The balance sheet shows a strong equity base with a low debt-to-equity ratio, indicating financial stability. The company maintains a healthy equity ratio, suggesting a strong asset base backed by equity. However, there is an increase in total liabilities, which needs monitoring.

Cash Flow

Operating cash flow has improved, but the company faces challenges with negative free cash flow in recent years. The free cash flow to net income ratio is unfavorable, indicating cash flow issues despite operating profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	110.45M	108.28M	96.25M	81.23M	56.97M	45.74M
Gross Profit	85.43M	92.78M	64.35M	54.54M	38.38M	27.23M
EBITDA	35.02M	32.59M	17.27M	29.73M	88.82M	10.22M
Net Income	847.00K	-1.29M	-7.00M	10.23M	52.75M	-49.09K
Balance Sheet
Total Assets	0.00	728.35M	768.21M	683.72M	807.05M	509.65M
Cash, Cash Equivalents and Short-Term Investments	0.00	89.55M	96.02M	74.07M	235.40M	152.40M
Total Debt	6.86M	99.89M	88.86M	92.98M	90.61M	74.99M
Total Liabilities	171.08M	165.63M	151.75M	157.07M	166.46M	100.46M
Stockholders Equity	533.29M	532.82M	538.21M	503.53M	496.33M	402.88M
Cash Flow
Free Cash Flow	-9.23M	-10.96M	-35.81M	-45.22M	-13.24M	-3.00M
Operating Cash Flow	21.38M	21.24M	16.06M	-5.17M	7.77M	5.57M
Investing Cash Flow	-6.01M	28.10M	-64.25M	87.86M	-45.67M	-38.13M
Financing Cash Flow	-43.03M	-47.56M	32.94M	-109.73M	64.64M	60.01M

Boston Omaha Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 14.11
• 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 BOC, the sentiment is Negative. The current price of 14.11 is above the 20-day moving average (MA) of 14.06, below the 50-day MA of 14.57, and below the 200-day MA of 14.61, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 47.59 is Neutral, neither overbought nor oversold. The STOCH value of 69.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BOC.

Boston Omaha Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NEXN	77 Outperform	$655.43M	15.52	8.57%	―	10.36%	―
Sector *	61 Neutral	$41.26B	-0.79	-14.19%	3.78%	2.39%	-73.52%
DLX	60 Neutral	$767.29M	13.76	9.10%	7.00%	-2.69%	61.73%
DLX	60 Neutral	$767.29M	13.76	9.10%	7.00%	-2.69%	61.73%
BOC	60 Neutral	$443.81M	498.59	0.16%	―	11.58%	―
NCMI	54 Neutral	$451.72M	―	-4.73%	1.27%	42.01%	-100.56%
NCMI	54 Neutral	$451.72M	―	-4.73%	1.27%	42.01%	-100.56%
CCO	53 Neutral	$615.93M	―	4.92%	―	-17.54%	66.05%
CCO	53 Neutral	$615.93M	―	4.92%	―	-17.54%	66.05%
TSQ	52 Neutral	$135.23M	―	74.55%	9.67%	-0.16%	57.03%
TSQ	52 Neutral	$135.23M	―	74.55%	9.67%	-0.16%	57.03%

Boston Omaha Corporate Events

Boston Omaha’s Chief Accounting Officer Resigns

Boston Omaha Corporation has announced that its 2025 Annual Meeting of Stockholders will be held on August 25, 2025, at The Salvation Army Omaha Kroc Center in Omaha, Nebraska. The meeting will be conducted in person without remote streaming, and it will take place within 30 days of the anniversary of the 2024 Annual Meeting. Additionally, Joseph M. Meisinger, who became the full-time CEO of Boston Omaha Broadband, LLC in August 2024, has resigned from his role as Chief Accounting Officer of Boston Omaha Corporation, effective June 18, 2025, to focus on his CEO responsibilities.

The most recent analyst rating on (BOC) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on Boston Omaha stock, see the BOC Stock Forecast page.