Added to YB: 2026-05-20
Pitch date: 2026-05-17
BOC [neutral]
Boston Omaha Corporation
+15.59%
current return
Author Info
Company Info
Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States.
Market Cap
$420.0M
Pitch Price
$11.35
Price Target
16.61 (+27%)
Dividend
N/A
EV/EBITDA
14.73
P/E
-33.00
EV/Sales
4.32
Sector
Media
Category
value
Boston Omaha 1Q 2026
BOC (earnings): Q1 rev +1.9% to $28.2M masks strong unit economics. Link Media EBITDA +14.7%, margin 68.2%, debt/EBITDA 1.8x. Broadband EBITDA +18.5%, fiber subs 16.6K (+26% YoY), conservative 0.9x leverage. Surety loss ratio spiked to 48.5% on prior-year reserve development, not new underwriting. Sky Harbour stake worth $118M vs $78M book (15.3% ownership + 7.7M warrants). BV/share $16.61, trading below. Bought back 820K shares at ~$12.90, $16.3M left in program. CEO owns ~20%, returning capital vs forced M&A.
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