(BOC) Boston Omaha - Overview
Sector: Industrials | Industry: Conglomerates | Exchange: NYSE (USA) | Market Cap: 381m USD | Total Return: -16.4% in 12m
Avg Turnover: 2.58M
Rev. Trend: 98.2%
Qual. Beats: -1
Warnings
High Debt/EBITDA (8.2) with thin interest coverage (-13.7)
High Debt while negative Cash Flow
Interest Coverage Ratio -13.7 is critical
Altman Z'' 0.12 < 1.0 - financial distress zone
Choppy
Tailwinds
No distinct edge detected
Boston Omaha Corporation (BOC) is a diversified holding company operating across four primary segments: outdoor advertising, surety insurance, broadband services, and asset management. Its advertising division, Link Media Holdings, focuses on billboard assets in the southeastern United States, while its insurance arm provides specialized surety bonds through General Indemnity Group.
The company’s business model relies on generating recurring cash flows from infrastructure-heavy sectors, such as broadband and physical advertising, which often benefit from high barriers to entry and localized monopolies. In the surety insurance sector, revenue is primarily derived from premiums on bonds that guarantee contractual obligations, a niche market distinct from traditional property or casualty insurance.
Investors can further evaluate these diversified revenue streams by reviewing the detailed financial breakdowns available on ValueRay.
Founded in 2017 and headquartered in Omaha, Nebraska, the corporation utilizes its asset management segment to deploy capital into both subsidiary operations and external investments.
- Link Media outdoor advertising occupancy rates and billboard rental pricing power
- Fiber broadband subscriber growth and capital expenditure efficiency for network expansion
- Surety insurance premium volume and loss ratios within General Indemnity Group
- Asset management fee generation and capital allocation across diversified business segments
- Interest rate fluctuations impacting financing costs for capital-intensive infrastructure projects
| Net Income: -13.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA 0.06 > 1.0 |
| NWC/Revenue: 44.21% < 20% (prev 62.72%; Δ -18.51% < -1%) |
| CFO/TA 0.03 > 3% & CFO 19.2m > Net Income -13.9m |
| Net Debt (84.0m) to EBITDA (10.3m): 8.17 < 3 |
| Current Ratio: 1.86 > 1.5 & < 3 |
| Outstanding Shares: last quarter (30.8m) vs 12m ago -1.98% < -2% |
| Gross Margin: 76.03% > 18% (prev 0.68%; Δ 7.53k% > 0.5%) |
| Asset Turnover: 16.10% > 50% (prev 15.11%; Δ 0.99% > 0%) |
| Interest Coverage Ratio: -13.73 > 6 (EBITDA TTM 10.3m / Interest Expense TTM 1.18m) |
| A: 0.07 (Total Current Assets 110.1m - Total Current Liabilities 59.3m) / Total Assets 696.2m |
| B: -0.03 (Retained Earnings -19.3m / Total Assets 696.2m) |
| C: -0.02 (EBIT TTM -16.2m / Avg Total Assets 713.5m) |
| D: -0.11 (Book Value of Equity -19.3m / Total Liabilities 173.0m) |
| Altman-Z'' = 0.12 = B |
| DSRI: 0.88 (Receivables 11.6m/12.6m, Revenue 114.9m/110.5m) |
| GMI: 0.90 (GM 76.03% / 68.11%) |
| AQI: 0.98 (AQ_t 0.51 / AQ_t-1 0.52) |
| SGI: 1.04 (Revenue 114.9m / 110.5m) |
| TATA: -0.05 (NI -13.9m - CFO 19.2m) / TA 696.2m) |
| Beneish M = -3.25 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at USD 12.33 with a total of 195,619 shares traded.
Over the past week, the price has changed by +13.29%,
over one month by +1.70%,
over three months by +3.55% and
over the past year by -16.41%.
Boston Omaha has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy BOC.
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 14 | 13.5% |
P/B = 0.7481
Revenue TTM = 114.9m USD
EBIT TTM = -16.2m USD
EBITDA TTM = 10.3m USD
Long Term Debt = 45.8m USD (from longTermDebt, last quarter)
Short Term Debt = 7.37m USD (from shortTermDebt, last quarter)
Debt = 163.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 57.5m
Net Debt = 84.0m USD (calculated: Debt 163.1m - CCE 79.1m)
Enterprise Value = 465.0m USD (381.0m + Debt 163.1m - CCE 79.1m)
Interest Coverage Ratio = -13.73 (Ebit TTM -16.2m / Interest Expense TTM 1.18m)
EV/FCF = -55.63x (Enterprise Value 465.0m / FCF TTM -8.36m)
FCF Yield = -1.80% (FCF TTM -8.36m / Enterprise Value 465.0m)
FCF Margin = -7.28% (FCF TTM -8.36m / Revenue TTM 114.9m)
Net Margin = -12.10% (Net Income TTM -13.9m / Revenue TTM 114.9m)
Gross Margin = 76.03% ((Revenue TTM 114.9m - Cost of Revenue TTM 27.5m) / Revenue TTM)
Gross Margin QoQ = 87.65% (prev 63.97%)
Tobins Q-Ratio = 0.67 (Enterprise Value 465.0m / Total Assets 696.2m)
Interest Expense / Debt = 0.72% (Interest Expense 1.18m / Debt 163.1m)
Taxrate = 21.0% (US default 21%)
NOPAT = -12.8m (EBIT -16.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.86 (Total Current Assets 110.1m / Total Current Liabilities 59.3m)
Debt / Equity = 0.32 (Debt 163.1m / totalStockholderEquity, last quarter 509.2m)
Debt / EBITDA = 8.17 (Net Debt 84.0m / EBITDA 10.3m)
Debt / FCF = -10.05 (negative FCF - burning cash) (Net Debt 84.0m / FCF TTM -8.36m)
Total Stockholder Equity = 521.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -1.95% (Net Income -13.9m / Total Assets 696.2m)
RoE = -2.57% (Net Income TTM -13.9m / Total Stockholder Equity 540.5m)
RoCE = -2.76% (EBIT -16.2m / Capital Employed (Equity 540.5m + L.T.Debt 45.8m))
RoIC = -2.26% (negative operating profit) (NOPAT -12.8m / Invested Capital 565.2m)
WACC = 5.14% (E(381.0m)/V(544.1m) * Re(7.10%) + D(163.1m)/V(544.1m) * Rd(0.72%) * (1-Tc(0.21)))
Discount Rate = 7.10% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 4.49 | Cagr: -0.72%
[DCF] Fair Price = unknown (Cash Flow -8.36m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 98.18 | Revenue CAGR: 9.17% | SUE: -1.54 | # QB: -1
EPS current Quarter (2026-06-30): EPS=-0.03 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=-0.08 | Chg30d=+0.00% | Revisions=-20% | GrowthEPS=+80.0% | GrowthRev=+4.7%
EPS next Year (2027-12-31): EPS=-0.02 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+75.0% | GrowthRev=+4.8%