BOC—59

Boston Omaha Corp

Advertising & MarketingVerified

Score breakdown

Profitability+9Sentiment+30Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion95AI synthesis40Observations23

Capital Structure and Liquidity Boston Omaha Corp has a current ratio of 1.98, indicating a moderate ability to meet short-term obligations with its current assets [doc:BOC-10K-2023]. The company's liquidity position is assessed as medium, with a negative net cash position after subtracting total debt. The cash and equivalents amount to $32.8 million, while long-term debt stands at $48.8 million [doc:BOC-10K-2023]. ### Profitability and Returns The company reported a net loss of $12.4 million and an operating loss of $3.9 million in the latest fiscal year [doc:BOC-10K-2023]. Return on equity (ROE) is negative at -2.41%, and return on assets (ROA) is also negative at -1.74%, indicating poor capital efficiency and asset utilization relative to industry benchmarks [doc:BOC-10K-2023]. ### Segments and Geographic Exposure The company operates through four segments: General Indemnity Group (GIG), Link Media Holdings (LMH), Boston Omaha Broadband (BOB), and Boston Omaha Asset Management (BOAM). LMH billboards are concentrated in 15 U.S. states, while BOB serves customers in four states. Revenue concentration data is not disclosed, but the geographic spread suggests moderate diversification [doc:BOC-10K-2023]. ### Growth Trajectory The company's revenue for the latest fiscal year was $114.4 million. Analysts have provided a mean price target of $14.00, with a single "Hold" recommendation and no "Buy" or "Strong Buy" ratings. No specific growth projections are provided in the input data [doc:BOC-10K-2023]. ### Risk Factors The company faces medium liquidity risk due to its negative net cash position after subtracting total debt. Dilution risk is assessed as low, with no near-term pressure expected. The risk assessment does not cite specific dilution sources, and no adjustments have been applied to the valuation metrics [doc:BOC-10K-2023]. ### Recent Events The latest 10-K filing discloses the company's financial performance and segment operations. No recent earnings call transcripts or material events are included in the input data [doc:BOC-10K-2023].

Profile

CompanyBoston Omaha Corp

TickerBOC

SectorConsumer Cyclicals

BusinessCyclical Consumer Services

Industry groupCyclical Consumer Services

IndustryAdvertising & Marketing

AI analysis

Business. Boston Omaha Corporation operates in outdoor billboard advertising, broadband services, surety insurance, and asset management, generating revenue through rental operations, insurance premiums, broadband subscriptions, and asset management fees [doc:BOC-10K-2023].

Classification. The company is classified under the Advertising & Marketing industry within the Consumer Cyclicals economic sector, with a confidence level of 0.92 based on verified market data.

### Capital Structure and Liquidity Boston Omaha Corp has a current ratio of 1.98, indicating a moderate ability to meet short-term obligations with its current assets [doc:BOC-10K-2023]. The company's liquidity position is assessed as medium, with a negative net cash position after subtracting total debt. The cash and equivalents amount to $32.8 million, while long-term debt stands at $48.8 million [doc:BOC-10K-2023]. ### Profitability and Returns The company reported a net loss of $12.4 million and an operating loss of $3.9 million in the latest fiscal year [doc:BOC-10K-2023]. Return on equity (ROE) is negative at -2.41%, and return on assets (ROA) is also negative at -1.74%, indicating poor capital efficiency and asset utilization relative to industry benchmarks [doc:BOC-10K-2023]. ### Segments and Geographic Exposure The company operates through four segments: General Indemnity Group (GIG), Link Media Holdings (LMH), Boston Omaha Broadband (BOB), and Boston Omaha Asset Management (BOAM). LMH billboards are concentrated in 15 U.S. states, while BOB serves customers in four states. Revenue concentration data is not disclosed, but the geographic spread suggests moderate diversification [doc:BOC-10K-2023]. ### Growth Trajectory The company's revenue for the latest fiscal year was $114.4 million. Analysts have provided a mean price target of $14.00, with a single "Hold" recommendation and no "Buy" or "Strong Buy" ratings. No specific growth projections are provided in the input data [doc:BOC-10K-2023]. ### Risk Factors The company faces medium liquidity risk due to its negative net cash position after subtracting total debt. Dilution risk is assessed as low, with no near-term pressure expected. The risk assessment does not cite specific dilution sources, and no adjustments have been applied to the valuation metrics [doc:BOC-10K-2023]. ### Recent Events The latest 10-K filing discloses the company's financial performance and segment operations. No recent earnings call transcripts or material events are included in the input data [doc:BOC-10K-2023].

Key takeaways

Boston Omaha Corp operates in multiple non-core segments with mixed financial performance.
The company reported a net loss and negative returns on equity and assets in the latest fiscal year.
Liquidity is constrained by a negative net cash position after subtracting long-term debt.
Analysts have issued a single "Hold" recommendation with no "Buy" or "Strong Buy" ratings.
The company's geographic and segment diversification may provide some resilience but does not offset current financial underperformance.
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## RATIONALES
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Financial snapshot

PeriodHA-latest

CurrencyUSD

Revenue$114.4M

Gross profit$75.3M

Operating income-$3.9M

Net income-$12.4M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$17.9M

CapEx-$27.9M

Free cash flow-$21.4M

Total assets$713.1M

Total liabilities$196.9M

Total equity$516.1M

Cash & equivalents$32.8M

Long-term debt$48.8M

Annual history (last 5)

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Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$516.1M

Net cash-$16.0M

Current ratio2.0

Debt/Equity0.1

ROA-1.7%

ROE-2.4%

Cash conversion-1.4%

CapEx/Revenue-24.4%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Advertising & Marketing · cohort 1 companies

MetricBOCActivity

Op margin-3.4%2.0% medp25 2.0% · p75 2.0%bottom quartile

Net margin-10.9%-8.4% medp25 -8.4% · p75 -8.4%bottom quartile

Gross margin65.8%39.1% medp25 21.0% · p75 60.6%top quartile

CapEx / revenue-24.4%0.8% medp25 0.8% · p75 0.8%bottom quartile

Debt / equity9.0%354.4% medp25 354.4% · p75 354.4%bottom quartile

Observations

IR observations

Mean price target14.00 USD

Median price target14.00 USD

High price target14.00 USD

Low price target14.00 USD

Mean recommendation3.00 (1=strong buy, 5=strong sell)

Strong-buy count0.00

Buy count0.00

Hold count1.00

Sell count0.00

Strong-sell count0.00

Mean EPS estimate-0.08 USD

Last actual EPS-0.40 USD

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-04 11:03 UTC#a215d387

Source: analysis-pipeline (hybrid)Generated: 2026-05-04 11:05 UTCJob: b0f100d1