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Boston Omaha Corp (BOC)



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Upturn Advisory Summary
08/28/2025: BOC (1-star) is currently NOT-A-BUY. Pass it for now.
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 -32.3% | Avg. Invested days 23 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 422.73M USD | Price to earnings Ratio 672 | 1Y Target Price 18 |
Price to earnings Ratio 672 | 1Y Target Price 18 | ||
Volume (30-day avg) 2 | Beta 0.97 | 52 Weeks Range 12.27 - 16.20 | Updated Date 08/29/2025 |
52 Weeks Range 12.27 - 16.20 | Updated Date 08/29/2025 | ||
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 2025-08-13 | When - | Estimate 0.07 | Actual -0.07 |
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 672 | Forward PE - | Enterprise Value 454565221 | Price to Sales(TTM) 3.79 |
Enterprise Value 454565221 | Price to Sales(TTM) 3.79 | ||
Enterprise Value to Revenue 4.07 | Enterprise Value to EBITDA 13.93 | Shares Outstanding 30872900 | Shares Floating 22202979 |
Shares Outstanding 30872900 | Shares Floating 22202979 | ||
Percent Insiders 3.87 | Percent Institutions 68.28 |
Upturn AI SWOT
Boston Omaha Corp

Company Overview
History and Background
Boston Omaha Corp. was founded in 2015. The company aims to build a conglomerate of businesses across various sectors, modeled after Berkshire Hathaway. They have grown through acquisitions and organic expansion, focusing on capital allocation and long-term value creation.
Core Business Areas
- Surety Insurance: Provides surety bonds, focusing on smaller, underserved segments. The companyu2019s strategy centers around its ability to grow its business organically and inorganically.
- Outdoor Billboards: Owns and operates outdoor advertising billboards, primarily in smaller and secondary markets. The companyu2019s billboard locations benefit from long-term lease agreements and minimal capital expenditure requirements.
- Broadband: Provides internet and related services to residential and commercial customers in select markets. The Company's goal is to grow organically with a focus on capital allocation.
Leadership and Structure
Adam Peterson and Joshua Weisenberger serve as Co-Chairmen and Co-CEOs. The company operates with a decentralized management structure, empowering subsidiary leadership teams.
Top Products and Market Share
Key Offerings
- Surety Bonds: Provides surety bonds mainly to smaller, underserved segments. Market share data is difficult to obtain due to the fragmented nature of the market. Competitors include The Hartford, Travelers, and CNA Surety.
- Billboard Advertising: Offers static and digital billboard advertising space. Market share varies by region but is smaller compared to large national players. Competitors include Outfront Media, Lamar Advertising, and Clear Channel Outdoor.
- Internet Services: Provides broadband internet services. Market share is relatively small and localized. Competitors include Charter Communications, Verizon, and AT&T.
Market Dynamics
Industry Overview
The industries in which Boston Omaha operates are diverse. Surety is influenced by construction and economic cycles. Outdoor advertising is evolving with digital formats. Broadband is driven by growing internet demand.
Positioning
Boston Omaha is positioned as a value-oriented conglomerate, focusing on niche markets and disciplined capital allocation. Their competitive advantage lies in their management team's expertise and long-term investment horizon.
Total Addressable Market (TAM)
The total addressable market for Boston Omaha is substantial when considering the combined TAM of surety, advertising, and broadband. Boston Omaha is focused on niche markets within these segments and the TAM varies from market to market.
Upturn SWOT Analysis
Strengths
- Strong management team
- Disciplined capital allocation
- Decentralized structure
- Long-term investment horizon
- Diversified business segments
Weaknesses
- Relatively small size compared to competitors
- Limited brand recognition
- Dependence on acquisitions for growth
- Complexity of managing diverse businesses
Opportunities
- Further acquisitions in fragmented industries
- Expansion of broadband services
- Growth in digital billboard advertising
- Increased demand for surety bonds
- Strategic partnerships
Threats
- Economic downturn impacting core businesses
- Increased competition in broadband and advertising
- Regulatory changes in surety and broadband industries
- Difficulty integrating acquisitions
- Rising interest rates impacting borrowing costs
Competitors and Market Share
Key Competitors
- HCC
- LAMR
- CHTR
Competitive Landscape
Boston Omaha is smaller than most of its major competitors. It Compares favorably with larger companies in returns on capital when adjusting for the value of investments held in non-controlled companies.
Major Acquisitions
Link Media Outdoor
- Year: 2018
- Acquisition Price (USD millions): 82.5
- Strategic Rationale: Expanded Boston Omaha's outdoor advertising footprint and revenue base.
Growth Trajectory and Initiatives
Historical Growth: Boston Omaha has demonstrated moderate growth through a combination of acquisitions and organic expansion.
Future Projections: Future projections depend on successful acquisitions and the performance of existing businesses. Analyst estimates vary based on economic conditions and industry trends.
Recent Initiatives: Recent initiatives include strategic acquisitions in the broadband sector, investments in digital billboard technology, and expanding their surety bond offerings.
Summary
Boston Omaha is a diversified conglomerate showing moderate growth. Its strength lies in disciplined capital allocation and a long-term focus. However, its smaller size relative to competitors and dependence on acquisitions pose challenges. Future success depends on successfully integrating acquisitions and navigating competitive landscapes.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Presentations
- Analyst Reports
- Market Data Providers
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual research and consultation with a qualified financial advisor. Market share data is estimated and may not be precise.
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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