Boston Omaha (BOC) AI Stock Analysis

• Market Cap: $431.86M
• Dividend Yield: N/A
• Average Volume (3M): 216.60K
• Price to Earnings (P/E): 547.0
• Beta (1Y): 0.46
• Revenue Growth: 9.53%
• EPS Growth: N/A
• Country: US
• Employees: 407
• Sector: Industrials
• Sector Strength: 72
• Industry: Advertising Agencies
• EPS (TTM): -0.07
• Shares Outstanding: 30,872,875
• 10 Day Avg. Volume: 171,958
• 30 Day Avg. Volume: 216,597
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.12
• Enterprise Value/Revenue: 4.32
• Enterprise Value/Gross Profit: 5.27
• Enterprise Value/Ebitda: 16.65
• 1Y Price Target: $18.00
• Price Target Upside: 33.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 57 Neutral
• Price Target: $14.00 ▲(3.63% Upside)

Boston Omaha's stock score is primarily influenced by its stable revenue growth and strong gross profit margins, which are offset by challenges in profitability and cash flow. The technical analysis indicates moderate strength, but the extremely high P/E ratio suggests overvaluation, significantly impacting the overall score.

Positive Factors

Revenue Growth

Steady revenue growth suggests that Boston Omaha is effectively expanding its market presence and product offerings, which is crucial for long-term sustainability and competitive positioning in its diverse sectors.

Strong Gross Profit Margins

High gross profit margins indicate efficient cost management and a strong ability to convert sales into profit, providing a buffer against market fluctuations and supporting long-term profitability.

Robust Balance Sheet

A robust balance sheet with low leverage enhances financial stability and flexibility, allowing Boston Omaha to invest in growth opportunities and weather economic downturns effectively.

Negative Factors

Low Profitability

Low profitability margins suggest challenges in converting revenue into net income, which could hinder the company's ability to reinvest in growth and reward shareholders over the long term.

Negative Free Cash Flow

Negative free cash flow indicates potential liquidity issues, limiting Boston Omaha's ability to fund operations, invest in new projects, or return capital to shareholders, impacting long-term financial health.

Operational Inefficiencies

Operational inefficiencies, as indicated by a negative EBIT margin, can undermine profitability and competitiveness, requiring strategic improvements to enhance operational performance and shareholder value.

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. The company provides high-speed internet service to approximately 7,000 subscribers in communities in southern Arizona; and 10,000 subscribers in Salt Lake City, Park City, Ogden, Provo, and surrounding communities. As of March 25, 2022, it operated approximately 3,900 billboards containing approximately 7,400 advertising faces of which 80 are digital displays. The company was formerly known as REO Plus, Inc. and changed its name to Boston Omaha Corporation in March 2015. Boston Omaha Corporation was incorporated in 2009 and is headquartered in Omaha, Nebraska.

How the Company Makes Money

Boston Omaha generates revenue through multiple streams, primarily from its subsidiaries in the insurance and outdoor advertising sectors. The insurance division earns money through premiums collected from policyholders, investment income from the reserves held, and fees from various insurance products. The outdoor advertising segment generates revenue through leasing advertising space on billboards and other media formats to businesses. Additionally, BOC invests in real estate and related ventures, earning rental income and capital appreciation. Key partnerships with local businesses and municipalities enhance revenue opportunities, while the company's strategy of acquiring and growing its subsidiaries contributes significantly to its overall earnings.

Boston Omaha Financial Statement Overview

Summary

Boston Omaha demonstrates stable revenue growth and strong gross profit margins, but faces challenges in profitability and cash flow generation. The balance sheet is robust with low leverage, yet the company needs to improve operational efficiency and cash flow management to enhance financial performance.

Income Statement

Boston Omaha's income statement shows a mixed performance. The company has achieved a positive revenue growth rate of 1.01% TTM, indicating a steady increase in sales. However, the net profit margin is low at 0.68% TTM, reflecting challenges in converting revenue into profit. The gross profit margin remains strong at 81.97% TTM, suggesting efficient cost management in production. Despite these strengths, the negative EBIT margin of -3.10% TTM highlights operational inefficiencies.

Balance Sheet

The balance sheet of Boston Omaha is relatively strong, with a low debt-to-equity ratio of 0.013 TTM, indicating minimal leverage and financial risk. The equity ratio of 72.68% TTM suggests a solid equity base relative to total assets. However, the return on equity is low at 0.14% TTM, pointing to limited profitability from shareholder investments.

Cash Flow

Cash flow analysis reveals some concerns. The operating cash flow to net income ratio is 0.38 TTM, indicating moderate cash generation from operations. However, the free cash flow is negative, with a significant decline of -61.38% TTM, suggesting challenges in maintaining liquidity. The free cash flow to net income ratio is also negative, reflecting difficulties in generating free cash flow relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	111.57M	108.28M	96.25M	81.23M	56.97M	45.74M
Gross Profit	91.45M	92.78M	64.35M	54.54M	38.38M	6.36M
EBITDA	28.97M	32.59M	17.27M	29.73M	88.82M	10.22M
Net Income	761.92K	-1.29M	-7.00M	10.23M	52.75M	-49.09K
Balance Sheet
Total Assets	730.63M	728.35M	768.21M	683.72M	807.05M	640.71M
Cash, Cash Equivalents and Short-Term Investments	90.18M	86.61M	96.02M	74.07M	235.40M	153.52M
Total Debt	7.24M	99.89M	88.86M	92.98M	90.61M	74.99M
Total Liabilities	175.35M	165.63M	151.75M	157.07M	166.46M	114.11M
Stockholders Equity	530.97M	532.82M	538.21M	503.53M	496.33M	402.88M
Cash Flow
Free Cash Flow	-3.57M	-10.96M	-35.81M	-45.22M	-13.24M	-3.00M
Operating Cash Flow	22.84M	21.24M	16.06M	-5.17M	7.77M	5.57M
Investing Cash Flow	-13.35M	28.10M	-64.25M	87.86M	-45.67M	-169.40M
Financing Cash Flow	1.35M	-47.56M	32.94M	-109.73M	64.64M	202.81M

Boston Omaha Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 13.51
• 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 13.51 is above the 20-day moving average (MA) of 13.16, above the 50-day MA of 13.48, and below the 200-day MA of 14.27, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 50.69 is Neutral, neither overbought nor oversold. The STOCH value of 45.67 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	71 Outperform	$656.07M	12.71	9.91%	―	9.65%	―
DLX	71 Outperform	$889.18M	14.89	9.20%	6.12%	-1.92%	49.63%
Sector *	63 Neutral	$10.84B	15.52	7.44%	2.00%	2.86%	-14.57%
BOC	57 Neutral	$431.86M	546.96	0.14%	―	9.53%	―
TSQ	55 Neutral	$115.12M	3.47	74.55%	11.34%	-0.11%	―
CCO	54 Neutral	$661.03M	―	4.92%	―	-21.67%	81.70%
NCMI	50 Neutral	$443.25M	―	-5.50%	1.90%	13.34%	-107.92%

Boston Omaha Corporate Events

Boston Omaha Holds Annual Stockholders Meeting

Boston Omaha Corporation held its Annual Meeting of Stockholders on August 25, 2025, where stockholders voted on several proposals. The election of directors resulted in the appointment of six nominees for a one-year term. Additionally, the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified. An advisory vote also approved the compensation of the company’s named executive officers.

The most recent analyst rating on (BOC) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Boston Omaha stock, see the BOC Stock Forecast page.

Boston Omaha Presents at Annual Meeting 2025

On August 25, 2025, Boston Omaha Corporation presented a slide presentation at its Annual Meeting, which was also filed on the company’s website. This presentation is part of the company’s ongoing efforts to engage with stakeholders and provide updates on its operations and strategic direction.

The most recent analyst rating on (BOC) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Boston Omaha stock, see the BOC Stock Forecast page.

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.