Boston Omaha Corporation (BOC)
NYSE:BOC
Want to see BOC full AI Analyst Report?
Top Page
Boston Omaha
(NYSE:BOC)
Select Model
Select Model
Rating:55Neutral
Price Target:
$12.50
▲(2.12% Upside)
Action:Reiterated
Date:05/19/26
The score is primarily supported by a strong, low-leverage balance sheet and positive operating cash flow, but is constrained by continued losses and negative free cash flow. Technicals are neutral-to-weak (negative MACD and below the 200-day average), valuation is pressured by a negative P/E and no dividend, and the surety-unit sale provides an offsetting but not definitive positive catalyst.
Positive Factors
Low Leverage & Substantial Equity
Extremely low leverage and a large equity base give durable financial flexibility. This allows Boston Omaha to fund capex, broadband buildouts, acquisitions or buybacks without relying on costly debt, and to absorb operating volatility over a multimonth horizon while pursuing strategic deployment of capital.
Negative Factors
Persistent Net Losses & Negative ROE
Recurring operating and net losses with negative ROE indicate the company is not yet converting its capital base into sustainable shareholder returns. Over several months this limits retained-earnings growth, constrains internal funding for expansion, and raises execution risk for margin recovery strategies.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage & Substantial Equity
Extremely low leverage and a large equity base give durable financial flexibility. This allows Boston Omaha to fund capex, broadband buildouts, acquisitions or buybacks without relying on costly debt, and to absorb operating volatility over a multimonth horizon while pursuing strategic deployment of capital.
Read all positive factors
Boston Omaha (BOC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$374.89M
Dividend YieldN/A
Average Volume (3M)220.75K
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue Growth4.02%
EPS Growth-1668.90%
CountryUS
Employees407
SectorIndustrials
Sector Strength72
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)-0.44
Shares Outstanding29,823,849
10 Day Avg. Volume320,824
30 Day Avg. Volume220,746
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 Cap1.22
Enterprise Value/Revenue3.97
Enterprise Value/Gross Profit5.22
Enterprise Value/Ebitda44.28
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. It is also involved in the surety insurance and related brokerage, broadband, and investment businesses...
How the Company Makes Money
Boston Omaha makes money primarily through (1) operating earnings from its majority-owned subsidiaries and (2) returns on investments.
1) Outdoor advertising (billboards and related out-of-home media): The company generates revenue by selling adv...
Boston Omaha Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
78
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 114.89M | 114.38M | 108.27M | 96.25M | 81.23M | 56.97M |
| Gross Profit | 87.35M | 99.45M | 73.93M | 64.35M | 54.54M | 38.38M |
| EBITDA | 10.29M | 14.60M | 32.59M | 17.27M | 29.73M | 88.82M |
| Net Income | -13.91M | -12.43M | -1.29M | -7.00M | 10.23M | 52.75M |
Balance Sheet | ||||||
| Total Assets | 696.16M | 713.07M | 728.35M | 768.21M | 683.72M | 807.05M |
| Cash, Cash Equivalents and Short-Term Investments | 79.08M | 78.35M | 86.61M | 96.02M | 74.07M | 235.40M |
| Total Debt | 105.65M | 108.42M | 99.89M | 88.86M | 92.98M | 90.61M |
| Total Liabilities | 172.99M | 177.00M | 165.63M | 151.75M | 157.07M | 166.46M |
| Stockholders Equity | 509.22M | 516.14M | 532.82M | 538.21M | 503.53M | 496.33M |
Cash Flow | ||||||
| Free Cash Flow | -8.36M | -10.04M | -10.96M | -35.81M | -45.22M | -13.24M |
| Operating Cash Flow | 19.16M | 17.86M | 21.24M | 16.06M | -5.17M | 7.77M |
| Investing Cash Flow | 3.16M | -13.55M | 28.10M | -64.25M | -27.41M | -45.67M |
| Financing Cash Flow | -16.77M | 1.21M | -47.56M | 32.94M | 5.54M | 64.64M |
Boston Omaha Technical Analysis
Positive
12.24
Price Trends
12.06
Positive
12.25
Positive
12.68
Negative
Market Momentum
0.02
Negative
59.50
Neutral
91.45
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 12.24 is above the 20-day moving average (MA) of 11.85, above the 50-day MA of 12.06, and below the 200-day MA of 12.68, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 59.50 is Neutral, neither overbought nor oversold. The STOCH value of 91.45 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BOC.
Boston Omaha Risk Analysis
Boston Omaha disclosed 33 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $689.34M | 23.32 | 23.85% | ― | 14.75% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $542.85M | -0.96 | -40.17% | ― | 1.81% | 42.29% | |
56 Neutral | $281.34M | -2.44 | -2.31% | 3.05% | 1.72% | 52.08% | |
55 Neutral | $374.89M | -41.86 | -2.67% | ― | 4.02% | -1668.90% | |
50 Neutral | $1.22B | -6.00 | 5.99% | ― | -12.49% | 38.34% | |
| ― | $2.25M | -0.64 | -194.72% | ― | -8.74% | 88.46% |
* Industrials Sector Average
BOC
Boston Omaha
12.53
-1.67
-11.76%
CCO
Clear Channel Outdoor
2.40
1.32
122.22%
NCMI
National Cinemedia
2.99
-1.75
-36.92%
QNST
Quinstreet
12.29
-2.63
-17.63%
ADV
Advantage Solutions
42.31
14.31
51.11%
VSME
VS Media Holdings Limited Class A
1.05
-13.98
-93.01%
Boston Omaha Corporate Events
Business Operations and StrategyStock BuybackM&A Transactions
Boston Omaha to Sell General Indemnity Surety Unit
Positive
May 18, 2026
On May 18, 2026, Boston Omaha Corporation announced a definitive agreement to sell its General Indemnity Group surety insurance unit, including United Casualty Surety Insurance Company, BOSS Bonds and the SuretyBonds.Market technology platform, t...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Boston Omaha Issues 2025 Annual Letter and Update
Neutral
Mar 31, 2026
On March 30, 2026, Boston Omaha Corporation released its 2025 Annual Letter on its website, providing shareholders and the market with a detailed written update on the prior year’s performance and strategic direction. The company simultaneou...
Stock BuybackFinancial Disclosures
Boston Omaha Posts Higher Revenue but Wider 2025 Loss
Negative
Mar 31, 2026
Boston Omaha Corporation reported its full-year 2025 financial results on March 30, 2026, showing total revenues of $114.4 million, up from $108.3 million in 2024, driven by modest growth in billboard rentals, broadband services and insurance-rela...
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.