Professional
Added to YB: 2024-01-09
Pitch date: 2024-01-09
OUT [bullish]
OUTFRONT Media Inc.
+95.45%
current return
Author Info
No bio for this author
Company Info
OUTFRONT is one of the largest and most trusted out-of-home media companies in the U.S., helping brands connect with audiences in the moments and environments that matter most.
Market Cap
$3.6B
Pitch Price
$11.98
Price Target
N/A
Dividend
5.57%
EV/EBITDA
7.90
P/E
30.97
EV/Sales
4.31
Sector
Specialized REITs
Category
value
Cove Street Capital: $OUT
OUT: New CSC position, top contributor. Big 3 billboard co, mostly US REIT. Great biz: high ROIC, limited RE, strong FCF, digital uplift. Hit by ad slowdown (auto, movies), COVID (20% from transit). Stock $20s to $10. Cyclical not structural. Can improve B/S (sold Canada 2x multiple). 50% discount to fair value.
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