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Boston Omaha Corp (BOC)


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Upturn Advisory Summary
10/17/2025: BOC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $18
1 Year Target Price $18
1 | Strong Buy |
0 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -32.89% | Avg. Invested days 20 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 432.80M USD | Price to earnings Ratio 688 | 1Y Target Price 18 |
Price to earnings Ratio 688 | 1Y Target Price 18 | ||
Volume (30-day avg) 2 | Beta 0.99 | 52 Weeks Range 12.27 - 16.20 | Updated Date 10/18/2025 |
52 Weeks Range 12.27 - 16.20 | Updated Date 10/18/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.02 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 0.68% | Operating Margin (TTM) -3.18% |
Management Effectiveness
Return on Assets (TTM) -0.25% | Return on Equity (TTM) 0.29% |
Valuation
Trailing PE 688 | Forward PE - | Enterprise Value 442927451 | Price to Sales(TTM) 3.88 |
Enterprise Value 442927451 | Price to Sales(TTM) 3.88 | ||
Enterprise Value to Revenue 3.97 | Enterprise Value to EBITDA 13.58 | Shares Outstanding 30872876 | Shares Floating 22202979 |
Shares Outstanding 30872876 | Shares Floating 22202979 | ||
Percent Insiders 3.87 | Percent Institutions 68.22 |
Upturn AI SWOT
Boston Omaha Corp

Company Overview
History and Background
Boston Omaha Corp. was founded in 2015. It began as a special purpose acquisition company (SPAC) and has evolved into a diversified holding company.
Core Business Areas
- Surety: Surety provides surety bonds to contractors and developers, ensuring project completion.
- Broadband: Broadband provides high-speed internet and related services, primarily in rural areas.
- Outdoor Advertising: Outdoor Advertising owns and operates billboard advertising displays.
- Investments: Investments include minority stakes in other businesses and real estate holdings.
Leadership and Structure
The leadership team includes Adam Peterson and Joshua Weisenburger. The company has a decentralized organizational structure, with each subsidiary operating relatively independently.
Top Products and Market Share
Key Offerings
- Surety Bonds: Surety bonds for construction projects. Market share is fragmented; Boston Omaha is a relatively smaller player. Competitors include Travelers (TRV), The Hartford (HIG), and Liberty Mutual.
- High-Speed Internet: High-speed internet service in rural areas. Market share varies by region; Boston Omaha focuses on underserved markets. Competitors include CenturyLink (CTL), Cox Communications, and various WISPs.
- Billboard Advertising: Billboard advertising space. Market share is regional and varies by market. Competitors include Lamar Advertising (LAMR) and Outfront Media (OUT).
Market Dynamics
Industry Overview
The surety bond market is stable with steady demand. The broadband market is growing, driven by increasing demand for high-speed internet, especially in rural areas. The outdoor advertising market is experiencing a resurgence, with digital billboards driving growth.
Positioning
Boston Omaha positions itself as a value-oriented holding company focusing on long-term growth and capital allocation in niche markets. Its competitive advantages include its decentralized structure and ability to identify and acquire undervalued businesses.
Total Addressable Market (TAM)
TAM for Boston Omaha's segments is estimated in the billions across the surety bond, broadband, and outdoor advertising industries. BOC is positioned to capture a small but growing percentage, particularly in underserved segments of the TAM.
Upturn SWOT Analysis
Strengths
- Decentralized Structure
- Value-Oriented Investment Approach
- Strong Capital Allocation Skills
- Focus on Niche Markets
- Owner-Operator Mindset
Weaknesses
- Relatively Small Size Compared to Competitors
- Limited Brand Recognition
- Dependence on Key Personnel
- Illiquidity of Some Investments
Opportunities
- Expansion of Broadband Services in Rural Areas
- Increased Demand for Surety Bonds Due to Infrastructure Spending
- Growth in Digital Billboard Advertising
- Acquisition of Undervalued Businesses
- Further penetration of underserved markets
Threats
- Increased Competition in Broadband Market
- Economic Downturn Impacting Construction and Advertising
- Regulatory Changes Affecting Surety Bonds
- Rising Interest Rates Increasing Borrowing Costs
Competitors and Market Share
Key Competitors
- TRV
- LAMR
- CTL
Competitive Landscape
Boston Omaha is smaller than most of its competitors, but it has a unique business model and a strong track record of capital allocation. It competes by focusing on underserved markets and operating its businesses efficiently.
Growth Trajectory and Initiatives
Historical Growth: Boston Omaha has demonstrated consistent growth in revenue and earnings since its inception. Growth has been driven by acquisitions and organic expansion within its existing businesses.
Future Projections: Analysts project continued growth in revenue and earnings, driven by the expansion of broadband services and the continued strength of the surety and outdoor advertising markets.
Recent Initiatives: Recent initiatives include the acquisition of additional broadband assets, expansion of outdoor advertising inventory, and strategic investments in other businesses.
Summary
Boston Omaha is a diversified holding company with a value-oriented investment approach. Its decentralized structure and focus on niche markets have contributed to its growth. Key strengths include its capital allocation skills and owner-operator mindset. However, its relatively small size and dependence on key personnel are weaknesses. Boston Omaha focuses on long-term growth, but needs to watch out for economic downturns in construction and advertisement.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Industry Publications
- Estimate
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Market share percentages are estimates and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Boston Omaha Corp
Exchange NYSE | Headquaters Omaha, NE, United States | ||
IPO Launch date 2017-06-16 | President, CEO & Chairperson Mr. Adam Kenneth Peterson | ||
Sector Industrials | Industry Conglomerates | Full time employees 407 | Website https://www.bostonomaha.com |
Full time employees 407 | Website https://www.bostonomaha.com |
Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. It operates through General Indemnity Group, LLC (GIG); Link Media Holdings, LLC (LMH); Boston Omaha Broadband, LLC (BOB); and Boston Omaha Asset Management, LLC (BOAM) segments. The company is also involved in the surety insurance and related brokerage, broadband, and asset management businesses. Boston Omaha Corporation was founded in 2017 and is headquartered in Omaha, Nebraska.

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