(LAMR) Lamar Advertising - NASDAQ
Sector: Real Estate | Industry: REIT - Specialty | Exchange: NASDAQ (USA) | Market Cap: 15.186m USD | Total Return: 35.3% in 12m
Avg Turnover: 81.1M
EPS Trend: -0.9%
Qual. Beats: 0
Rev. Trend: 99.5%
Qual. Beats: 0
Warnings
Altman Z'' 0.23 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Lamar Advertising Company (LAMR) is one of the largest outdoor advertising operators in North America, managing over 362,000 displays across the United States and Canada. Its inventory spans billboards, interstate logos, transit, and airport advertising formats, serving both local businesses and national brands. The company is incorporated in Delaware, headquartered in Baton Rouge, and has operated continuously since 1902, listing on the NASDAQ in 1996.
Lamar is classified under the Real Estate sector as a specialized REIT, a structure common among outdoor advertising operators because it allows pass-through tax treatment of income derived from owning and leasing advertising structures and site leases. The company also operates the largest network of digital billboards in the United States, with over 5,400 displays, reflecting the broader shift in the out-of-home (OOH) industry from static to digital inventory that can be sold dynamically and updated remotely.
- Digital billboard conversions drive margin expansion
- Out-of-home advertising demand grows with national brand spending
- Interest rate cuts ease REIT valuation pressure
| Net Income: 549.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA -1.04 > 1.0 |
| NWC/Revenue: -3.41% < 20% (prev -14.09%; Δ 10.68% < -1%) |
| CFO/TA 0.13 > 3% & CFO 883.7m > Net Income 549.7m |
| Net Debt (6.61b) to EBITDA (1.02b): 6.50 < 3 |
| Current Ratio: 0.82 > 1.5 & < 3 |
| Outstanding Shares: last quarter (101.5m) vs 12m ago -1.31% < -2% |
| Gross Margin: 31.54% > 18% (prev 66.93%; Δ -35.39% > 0.5%) |
| Asset Turnover: 34.01% > 50% (prev 33.82%; Δ 0.19% > 0%) |
| Interest Coverage Ratio: 4.26 > 6 (EBIT TTM 686.3m / Interest Expense TTM 161.0m) |
| A: -0.01 (Total Current Assets 362.8m - Total Current Liabilities 440.8m) / Total Assets 6.91b |
| B: -0.17 (Retained Earnings -1.17b / Total Assets 6.91b) |
| C: 0.10 (EBIT TTM 686.3m / Avg Total Assets 6.73b) |
| D: 0.16 (Book Value of Equity 969.8m / Total Liabilities 5.93b) |
| Altman-Z'' = 0.23 = B |
| DSRI: 1.02 (Receivables 323.6m/308.1m, Revenue 2.29b/2.21b) |
| GMI: 2.12 (GM 66.93% / 31.54%) |
| AQI: 0.07 (AQ_t 0.04 / AQ_t-1 0.48) |
| SGI: 1.03 (Revenue 2.29b / 2.21b) |
| TATA: -0.05 (NI 549.7m - CFO 883.7m) / TA 6.91b) |
| Beneish M = -2.53 (Cap -4..+1) = A |
As of June 27, 2026, the stock is trading at USD 156.10 with a total of 1,944,987 shares traded. Over the past week, the price has changed by +4.31%, over one month by +2.34%, over three months by +24.70% and over the past year by +35.31%.
Current recommended Stop Loss: 152.00 (which is 2.6% or 1.3 ATR below the current price).
Lamar Advertising has received a consensus analysts rating of 3.33. Therefore, it is recommended to hold LAMR.
- StrongBuy: 1
- Buy: 0
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 155.6 | -0.3% |
P/E Trailing = 27.6107
P/E Forward = 29.4985
P/S = 6.6353
P/B = 15.6589
P/EG = 2.1982
Revenue TTM = 2.29b USD
EBIT TTM = 686.3m USD
EBITDA TTM = 1.02b USD
Long Term Debt = 3.25b USD (from longTermDebt, last quarter)
Short Term Debt = 440.8m USD (from shortTermDebt, last quarter)
Debt = 6.65b USD (from shortLongTermDebtTotal, last quarter) + Leases 1.46b
Net Debt = 6.61b USD (calculated: Debt 6.65b - CCE 39.3m)
Enterprise Value = 21.8b USD (15.2b + Debt 6.65b - CCE 39.3m)
Interest Coverage Ratio = 4.26 (Ebit TTM 686.3m / Interest Expense TTM 161.0m)
EV/FCF = 29.61x (Enterprise Value 21.8b / FCF TTM 735.9m)
FCF Yield = 3.38% (FCF TTM 735.9m / Enterprise Value 21.8b)
FCF Margin = 32.15% (FCF TTM 735.9m / Revenue TTM 2.29b)
Net Margin = 24.02% (Net Income TTM 549.7m / Revenue TTM 2.29b)
Gross Margin = 31.54% ((Revenue TTM 2.29b - Cost of Revenue TTM 1.57b) / Revenue TTM)
Gross Margin QoQ = 34.24% (prev -22.04%)
Tobins Q-Ratio = 3.15 (Enterprise Value 21.8b / Total Assets 6.91b)
Interest Expense / Debt = 2.42% (Interest Expense 161.0m / Debt 6.65b)
Taxrate = 1.91% (10.8m / 566.5m)
NOPAT = 673.2m (EBIT 686.3m * (1 - 1.91%))
Current Ratio = 0.82 (Total Current Assets 362.8m / Total Current Liabilities 440.8m)
Debt / Equity = 6.85 (Debt 6.65b / totalStockholderEquity, last quarter 969.8m)
Debt / EBITDA = 6.50 (Net Debt 6.61b / EBITDA 1.02b)
Debt / FCF = 8.98 (Net Debt 6.61b / FCF TTM 735.9m)
Total Stockholder Equity = 979.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 8.17% (Net Income 549.7m / Total Assets 6.91b)
RoE = 56.10% (Net Income TTM 549.7m / Total Stockholder Equity 979.8m)
RoCE = 16.21% (EBIT 686.3m / Capital Employed (Equity 979.8m + L.T.Debt 3.25b))
RoIC = 9.79% (NOPAT 673.2m / Invested Capital 6.87b)
WACC = 6.42% (E(15.2b)/V(21.8b) * Re(8.19%) + D(6.65b)/V(21.8b) * Rd(2.42%) * (1-Tc(0.02)))
Discount Rate = 8.19% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -20.0 | Cagr: -0.31%
[DCF] Terminal Value 74.91% ; FCFF base≈747.6m ; Y1≈726.8m ; Y5≈721.6m
[DCF] Fair Price = 53.94 (EV 11.3b - Net Debt 6.61b = Equity 4.70b / Shares 87.1m; r=8.35% [WACC [floored]]; 5y FCF grow -3.81% → 2.50% )
EPS Correlation: -0.90 | EPS CAGR: -0.16% | SUE: 0.08 | # QB: 0
Revenue Correlation: 99.51 | Revenue CAGR: 3.61% | SUE: 0.49 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.58 | Chg30d=+2.50% | Revisions=+0% | Analysts=1
EPS next Quarter (2026-09-30): EPS=1.65 | Chg30d=+1.88% | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=6.06 | Chg30d=-0.82% | Revisions=+20% | GrowthEPS=+19.4% | GrowthRev=+4.9%
EPS next Year (2027-12-31): EPS=6.39 | Chg30d=+5.04% | Revisions=+33% | GrowthEPS=+5.5% | GrowthRev=+3.9%
[Analyst] Revisions Ratio: +33%