Added to YB: 2025-08-28
Pitch date: 2025-08-26
BOC [bullish]
Boston Omaha Corporation
+1.62%
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
$412.0M
Pitch Price
$13.54
Price Target
22.13 (+60%)
Dividend
N/A
EV/EBITDA
17.30
P/E
632.18
EV/Sales
4.08
Sector
Media
Category
value
Baby Berkshire: Bonds, Billboards, Broadband: Boston Omaha Corporation $BOC
BOC: Holding co with bonds/billboards/broadband posting 27% revenue CAGR since 2018, targeting 25% IRR & 5-7% organic growth. Management owns 23%, buying shares. $100M SKYH investment creates volatility but upside. Core biz valued at $274M vs $412M market cap. Trading 10x adj EBITDA. PT $22.13 by 2027 (68% upside) on 3x P/S at current growth. Risks: Starlink competition for broadband, SKYH exit timing.
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