BOC - NYSE
Boston Omaha Corporation
$13.38
-2.0%Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. It is also involved in the surety insurance and related brokerage, broadband, and investment businesses. The company provides high-speed internet service to approximately 7,000 subscribers in communities in southern Arizona; and 10,000 subscribers in Salt Lake City, Park City, Ogden, Provo, and surrounding communities. As of March 25, 2022, it operated approximately 3,900 billboards containing approximately 7,400 advertising faces of which 80 are digital displays. The company was formerly known as REO Plus, Inc. and changed its name to Boston Omaha Corporation in March 2015. Boston Omaha Corporation was incorporated in 2009 and is headquartered in Omaha, Nebraska.
At a Glance
Live SnapshotBoston Omaha Corporation Fair Value Envelope
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Owner Earnings Projections
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $19.4M | $21.0M | $22.7M | $24.6M | $26.7M | $28.9M | $31.4M | $34.0M | $36.9M | $39.9M |
| Maintenance CapEx | -$6.0M | -$6.6M | -$7.1M | -$7.7M | -$8.3M | -$9.0M | -$9.8M | -$10.6M | -$11.5M | -$12.5M |
| Owner Earnings | $13.3M | $14.4M | $15.6M | $16.9M | $18.4M | $19.9M | $21.6M | $23.4M | $25.3M | $27.5M |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $12.3M | $12.4M | $12.4M | $12.5M | $12.5M | $12.5M | $12.6M | $12.6M | $12.7M | $12.7M |
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