GuruFocus Manual of Stocks™  |  Jan 23, 2022
Boston Omaha Corp (NYSE:BOMN)
www.gurufocus.com/stock/NYSE:BOMN
Boston Omaha Corp (NYSE:BOMN)
Not Rated
Modestly Undervalued[5]$ 25.50
Media - Diversified - Advertising Agencies
Market Cap: $ 756 Mil
Boston Omaha Corp is a public company with businesses engaged in several sectors, including advertising, insurance and real estate.
Valuation Rank
Score: 0 /10CurrentIndustry MedianHistorical Median
PE Ratio6.0519.057.46
Forward P/EN/A17.92N/A
PB Ratio1.421.901.66
PS Ratio14.141.8015.77
P/FCFN/A14.92123.24
Shiller P/EN/A20.86N/A
PEG RatioN/A1.32N/A
Valuation Analysis
% of Price
NCAV7.3529
Tangible Book12.0347
Price25.50
Graham Number33.79133
Dividend & Ownership
Dividend Yield(ttm) %N/A
Dividend Yield(forward) %N/A
PayoutN/A
Dividend Growth(5y) %N/A
Yield on Cost(5y) %N/A
Continuous Div. sinceN/A
Insider Ownership %0.11
Institution Ownership %23.8
Financial Strength
Score: 5 /10CurrentIndustry MedianHistorical Median
Cash-to-Debt4.501.195065.95
Equity-to-Asset0.650.510.95
Interest Coverage0.0019.170.00
Piotroski F-Score654
Profitability Rank
Score: 3 /10CurrentIndustry MedianHistorical Median
Operating Margin %-9.774.31-64.66
Net Margin %227.692.42-58.64
ROE %26.713.38-4.20
ROA %18.111.39-4.08
ROC (Joel Greenblatt) %79.2113.18-29.67
Growth (Per Share)
10 Yr5 Yr1 Yr
Revenue Growth (%)N/A26.1-5.5
EBITDA Growth (%)N/AN/AN/A
Oprt. Income Growth (%)N/A21.9N/A
EPS w/o NRI Growth (%)N/A63.9N/A
Free Cash Flow Growth (%)N/AN/A-160.5
Book Value Growth (%)N/A-1.528.3
Quarterly
Jun20Sep20Dec20Mar21Jun21
Revenue1112111314
Net Income3318849
EPS0.140.130.713.090.29
Revenue (YoY) %13.347.24-0.7215.7323.38
Net Income (YoY) %-260.93445.51337.71-441.38153.91
EPS (YoY) %-255.56333.33293.33-394.29107.14
Free Cash Flow-2-0-11-3
Cash & Equiv.177190154288349
Current Assets187202329443505
Short-Term Debt & CLO55655
Current Liabilities2125343334
Total Liabilities8996259285287
Stockholders Equity380384382465530
Warning Signs
SEVERESloan Ratio: Poor quality of earnings
SEVEREGross Margin %: Declined
SEVEREAsset Growth: faster than revenue growth
Good Signs
GOODBeneish M-Score: Unlikely manipulator
As of 01-23-2022
* All financial numbers are in millions except for per share data, ratios and percentage change.
Gain % SP500 %
1W-10.37-5.75
1M-8.73-5.42
3M-29.32-3.10
6M-20.981.47
YTD-11.24-7.79
1Y-3.2615.50
3Y0.6619.94
5Y11.2016.09
10Y--14.91
47.23
17.07
13.1
236790
118395
2012201320142015201620172018201920202021CurrentPerformance
----------1533.7530.5327.6127.6549.92Highest Stock Price
------------13.119.918.7713.3224.42Lowest Stock Price
----------103465517495753756Market Cap
--------1.1610.819.922.825.729.5Shares Outstanding-Diluted
--------N/AAt LossAt LossAt LossAt LossAt Loss6.05PE Ratio
----------1.663.161.641.431.971.42PB Ratio
----------23.5838.8823.3111.5815.5214.14PS Ratio
-----------47.61-119.86-395.5125.44663.8EV-to-EBITDA
--------201520162017201820192020TTMPer Share Data
--------0.690.640.8311.821.781.8Revenue per Share
---------0.99-0.53-0.6-0.46-0.07-04.22Earnings per Share
---------0.89-0.36-0.5-0.160.3-0.13-0.08Free Cash Flow per Share
----------------------Dividends per Share
--------17.196.017.888.138.797.8112.03Tangible Book per Share
----------------------Median PS Value
--------------------33.79Graham Number
--------201520162017201820192020TTMIncome Statement
--------0.73.892041.445.750.2Revenue
--------0.52.65.612.423.827.231.7Gross Profit
--------68.267.16262.157.559.563.2Gross Margin %
--------1.65.411.824.435.731.736.6Total Operating Expense
---------1.1-2.9-6.3-12-11.9-4.4-4.9Operating Income
---------151.7-74.2-69.5-59.8-28.7-9.7-9.8Operating Margin %
---------1-3.2-6.5-9.1-1.5-0114.4Net Income
---------144.8-82.5-71.8-45.5-3.6-0.1227.7Net Margin %
---------1-3.2-6.5-9.2-1.2-1.6139.9EBIT
---------0.6-1.5-3.1-116.210.2153EBITDA
---------4.5-7.4-6.2-3.9-0.5-026.7ROE %
---------4.4-7.1-5.9-3.8-0.4-018.1ROA %
--------201520162017201820192020Jun21Balance Sheet
--------13.229.66.817.11644.757.1Cash & Equivalents
--------0.30.81.14.54.624.35.6Total Receivables
--------23.865.7153.5332.2436.9640.7817.2Total Assets
--------0.1------4.35.65.3Short-Term Debt & CLO
----------------65.869.472.2Long-Term Debt & CLO
--------0.33.56.31791.7259.1287.2Total Liabilities
--------23.562.2147.2315.2345.2381.6530Total Stockholders Equity
--------23.562.2147.2315.2345.2381.6530Total Equity
--------201520162017201820192020TTMCashflow Statement
---------0.8-1.5-3.209.65.29.2Cash Flow from Operations
---------10.7-23.9-110.9-164.8-60.6-169.4-184.7Cash Flow from Investing
----------------------Repurchase of Stock
--------0.2------18.154.4Net Issuance of Debt
--------24.741.891.4175.649.2202.8199Cash Flow from Financing
--------13.216.4-22.610.9-1.838.623.4Net Change in Cash
---------0.1-0.7-2.3-3.1-2.8-8.6-11.5Capital Expenditure
---------0.9-2.2-5.5-3.16.8-3.4-2.3Free Cash Flow
Competitor
TickerCompanyFinancial
Strength
Profitability
Rank
Market Cap
($M)
PE RatioPS RatioNet
Margin %
ROA %ROE %
NAS:QNSTQuinStreet Inc8581765.481.402.002.764.17
NYSE:BOMNBoston Omaha Corp537566.0514.14227.6918.1126.71
NYSE:QUOTQuotient Technology Inc43619At Loss1.18-12.32-10.91-25.80
NAS:ICLKiClick Interactive Asia Group Ltd53363At Loss1.24-2.05-1.29-2.27
NAS:WIMIWiMi Hologram Cloud Inc54306At Loss1.48-14.89-13.56-15.56
GuruFocus Manual of Stocks™  |  Jan 23, 2022
Boston Omaha Corp (NYSE:BOMN)
www.gurufocus.com/stock/NYSE:BOMN

Financial Strength[2] (Quarterly data, as of Jun. 2021) : Fair (5/10)

0
1
2
3
4
5
6
7
8
9

Cash-to-Debt : 4.50

Cash-to-Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. A high ratio indicates that a company is better able to pay back its debt, and is thus able to take on more debt if necessary.


Equity-to-Asset : 0.65

Equity-to-Asset ratio is calculated as total stockholders equity divided by its total assets. Equity-to-Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity-to-Asset ratio (more leveraged) may have higher ROE % because of the leverage.


Debt-to-Equity : 0.15

A high Debt-to-Equity ratio generally means that a company has been aggressive in financing its growth with debt.


Piotroski F-Score : 6

The Piotroski F-Score is used to determine the strength of a firm's financial position, with 9 being the best and 0 being the worst.

0
1
2
3
4
5
6
7
8
9


WACC : 4.24% vs ROIC : -1.05%

The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. Return on invested capital (ROIC) measures how well a company generates cash flow relative to the capital it has invested in its business.


Dividend Yield : 0.00%

Dividend yield is a way to measure how much cash flow you are getting for each dollar invested in an equity position.

GuruFocus Manual of Stocks™  |  Jan 23, 2022
Boston Omaha Corp (NYSE:BOMN)
www.gurufocus.com/stock/NYSE:BOMN

Profitability[3] (Annual data, as of Dec. 2020) : Poor (3/10)

0
1
2
3
4
5
6
7
8
9

Revenue : $14 Mil vs Net Income : $9 Mil

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. Net Income is a company's total profit. Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses.


Cash & Equivalents : $57 Mil vs Long-Term Debt* : $72 Mil

Cash & equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash. Long-Term Debt* consists of loans and obligations lasting over one year.


Operating Margin % : -7.55%

Operating margin % measures how much profit a company makes on a dollar of sales. Operating Margin % is calculated as Operating Income divided by Revenue.


EPS without NRI : $0.29

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock. In calculating earnings per share without non-recurring items, the dividends of preferred stocks and Non Operating Income need to subtracted from the total net income first.


Dividends per Share : $0.00

Dividends per Share is the amount of dividends that the shareholders of a company receive on a per-share basis. It is calculated using the total dividends paid out to shareholders over one fiscal year and the number of shares outstanding.


Free Cash Flow per Share : $-0.10

Free Cash flow per Share is the amount of Free cash flow per outstanding share of the company's stock.

GuruFocus Manual of Stocks™  |  Jan 23, 2022
Boston Omaha Corp (NYSE:BOMN)
www.gurufocus.com/stock/NYSE:BOMN

Valuation (Quarterly data, as of Jun. 2021)

These valuation metrics should give you a sense of reasonable prices, but be careful with them. Always seek to understand why a valuation is changing over time.


Valuation Chart (Current stock price : $25.50)


PE Ratio without NRI : 7.52

The price-to-earnings ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.


PB Ratio : 1.77

The price-to-book ratio measures the valuation of the stock relative to the underlying asset of the company.


PS Ratio : 17.59

The price-to-sales ratio is a valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the value placed on each dollar of a company’s sales or revenues.


Price-to-Free-Cash-Flow : 0.00

Price-to-free-cash-flow is very similar to the valuation metric of price-to-operating-cash-flow but is considered a more exact measure, owing to the fact that it uses free cash flow, which subtracts capital expenditures from a company's total operating cash flow, thereby reflecting the actual cash flow available to fund non-asset-related growth.


EV-to-EBIT : 4.76

Enterprise value of a company divided by its trailing 12 months earnings before interest and taxes (EBIT).

GuruFocus Manual of Stocks™  |  Jan 23, 2022
Boston Omaha Corp (NYSE:BOMN)
www.gurufocus.com/stock/NYSE:BOMN

Valuation Bands

In these charts the 10-year valuation bands of the price-to-earnings ratio (PE Ratio), price-to-book ratio (PB Ratio), price-to-sales ratio (PS Ratio) and price-to-operating-cash-flow ratio (POCF) are drawn together with the historical stock prices. For example, the upper line of the PE band is where the stock price would have been if it were always traded at the maximum PE ratio of the past 10 years. The lower line of the PE band is where the stock price would have been if it were always traded at the lowest PE ratio of the past 10 years. It is always better if the stock price is close to the lower line, which indicates a lower valuation.


Historical Price and PE Band


Historical Price and PS Band


Historical Price and PB Band


Historical Price and Price-to-Operating-Cash-Flow (POCF) Band

GuruFocus Manual of Stocks™  |  Jan 23, 2022
Boston Omaha Corp (NYSE:BOMN)
www.gurufocus.com/stock/NYSE:BOMN

Warning Signs

GuruFocus conducted a thorough checkup using a checklist of 32 items that cover the areas of financial strength, profitability, growth, and valuation of each company. The purpose of Warning Signs is to warn you that the company may have red flags in certain areas, helping to avoid overlooking them. These warning signs do not necessarily mean you should not invest in the stock. But you should be aware of them before you invest.


Severe Warning Signs

Sloan Ratio : Poor quality of earnings

When Sloan Ratio (25.62)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

Gross Margin % : Declined

Boston Omaha Corp gross margin has been in long term decline. The average rate of decline per year is -3.2%.

Asset Growth : faster than revenue growth

If a company builds asset at 114.4% a year, faster than its revenue growth rate of 26.1% over the past 5 years, it means that the company may be getting less efficent.

Good Signs

Beneish M-Score : Unlikely manipulator

Beneish M-Score -2.5 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

Operating Margin % : Expansion

Boston Omaha Corp operating margin is expanding. Margin expansion is usually a good sign.

Price : Close to 1-year low

Boston Omaha Corp stock Price is close to 1-year low

Medium Warning Signs

Altman Z-Score : Grey

Altman Z-score of 2.98 is in grey area. The implies that the company is in some kind of financial stress. If it is below 1.8, the company may faces bankrupcy risk.

Revenue per Share : Declined

Boston Omaha Corp revenue per share is in decline over the past 12 months.
GuruFocus Manual of Stocks™  |  Jan 23, 2022
Boston Omaha Corp (NYSE:BOMN)
www.gurufocus.com/stock/NYSE:BOMN

Competitive Comparison


5 Year Price Change Comparison


Financial Strength

CompanyFinancial StrengthCash-to-DebtEquity-to-AssetDebt-to-EquityInterest CoveragePiotroski F-ScoreAltman Z-ScoreBeneish M-ScoreWACC %ROIC %
NAS:QNSTQuinStreet Inc8/1014.620.680.0212.1565.09-2.579.195.14
NAS:CRTOCriteo SA7/104.380.620.1169.3774.19-2.407.7412.99
NYSE:BOMNBoston Omaha Corp5/104.500.650.150.0062.98-2.504.24-1.05
NAS:WIMIWiMi Hologram Cloud Inc5/10N/A0.880.00N/A38.200.017.67-13.80
NAS:ICLKiClick Interactive Asia Group Ltd5/101.390.570.240.0031.98-2.333.18-2.34
NYSE:QUOTQuotient Technology Inc4/101.160.390.900.0030.98-3.037.75-9.80
NAS:SCORcomScore Inc3/100.260.310.310.004-2.09-2.3112.39-4.50
NYSE:CCOClear Channel Outdoor Holdings Inc1/100.08-0.62-2.240.003-1.32-2.365.51-0.51
OTCPK:STCBStarco Brands Inc1/100.52-0.80-1.340.001-8.41-7.455.05-92.04

Profitability

CompanyProfitability RankOperating
Margin %
Net Margin %ROE %ROA %Price-to-Free-Cash-FlowROC (Joel Greenblatt) %3-Year Revenue Growth %3-Year EBITDA Growth %3-Year EPS w/o NRI Growth %
NAS:CRTOCriteo SA7/106.784.689.645.8015.1753.36-0.300.30-4.70
NAS:QNSTQuinStreet Inc5/102.502.004.172.7625.0280.649.0020.4010.40
NYSE:CCOClear Channel Outdoor Holdings Inc4/10-1.35-25.980.00-9.600.00-9.47-17.7056.6011.10
NAS:WIMIWiMi Hologram Cloud Inc4/10-13.28-14.89-15.56-13.560.00-24.7954.300.000.00
NYSE:BOMNBoston Omaha Corp3/10-9.77227.6926.7118.110.0079.2128.900.0085.10
NYSE:QUOTQuotient Technology Inc3/10-6.30-12.32-25.80-10.9119.88-75.4911.100.00-61.80
NAS:ICLKiClick Interactive Asia Group Ltd3/10-1.92-2.05-2.27-1.290.00-1.88-10.4057.1047.00
NAS:SCORcomScore Inc2/10-7.33-18.35-34.30-10.150.00-74.29-10.700.0048.50
OTCPK:STCBStarco Brands Inc1/10-80.14-80.820.00-72.660.00-925.0021.600.000.00

Valuation

CompanyPE RatioPB RatioPS RatioPrice-to-Intrinsic-Value-Projected-FCFPrice-to-Intrinsic-Value-DCF (Earnings Based)Price-to-Median-PS-ValuePrice-to-Peter-Lynch-Fair-ValuePrice-to-Graham-NumberEarnings Yield (Joel Greenblatt) %Forward Rate of Return (Yacktman) %
NYSE:CCOClear Channel Outdoor Holdings IncAt Loss0.000.710.000.000.000.000.00-2.8416.13
NYSE:QUOTQuotient Technology IncAt Loss2.631.181.740.000.000.000.00-8.100.00
OTCPK:STCBStarco Brands IncAt Loss0.0065.010.000.000.000.000.00-1.770.00
NAS:WIMIWiMi Hologram Cloud IncAt Loss1.211.480.000.000.000.000.00-7.820.00
NAS:SCORcomScore IncAt Loss1.220.640.000.000.200.000.00-14.5633.72
NAS:ICLKiClick Interactive Asia Group LtdAt Loss1.261.240.000.000.000.000.00-0.760.00
NYSE:BOMNBoston Omaha Corp6.051.4214.140.000.000.000.000.7524.040.00
NAS:CRTOCriteo SA20.451.870.971.020.490.003.721.659.2411.28
NAS:QNSTQuinStreet Inc65.482.721.401.560.001.230.004.362.080.00
GuruFocus Manual of Stocks™  |  Jan 23, 2022
Boston Omaha Corp (NYSE:BOMN)
www.gurufocus.com/stock/NYSE:BOMN

Peter Lynch Chart[4]

GuruFocus Manual of Stocks™  |  Jan 23, 2022
Boston Omaha Corp (NYSE:BOMN)
www.gurufocus.com/stock/NYSE:BOMN

Per Share Data



Per Share Data

Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
TTM Fiscal Period
0.69
0.64
0.83
1
1.82
1.78
1.8
Revenue per Share
-0.54
-0.25
-0.29
-0.05
0.71
0.4
5.56
EBITDA per Share
-0.97
-0.52
-0.6
-0.46
-0.05
-0.06
5.09
EBIT per Share
-0.99
-0.53
-0.6
-0.46
-0.07
-0
4.22
Earnings per Share (Diluted)
-0.71
-0.53
-0.6
-0.46
-0.07
-0
4.22
EPS without NRI
--
--
--
--
--
0.1
4.82
Owner Earnings per Share (TTM)
-0.89
-0.36
-0.5
-0.16
0.3
-0.13
-0.08
Free Cash Flow per Share
-0.77
-0.25
-0.3
0
0.42
0.2
0.34
Operating Cash Flow per Share
12.5
4.45
6.38
4.99
6.55
5.64
11.79
Cash per Share
22.26
9.02
10.25
14.27
14.68
14.01
17.92
Book Value per Share
17.19
6.01
7.88
8.13
8.79
7.81
12.03
Tangible Book per Share
0.1
--
--
--
2.98
2.75
2.62
Total Debt per Share
--
15
32.39
23.4
21.04
27.65
25.5
Month End Stock Price

Ratios

Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
TTM Fiscal Period
-4.46
-7.41
-6.18
-3.94
-0.45
-0.01
26.71
ROE %
--
-4.46
-1.96
-2.4
-0.31
-0.01
18.81
ROE % Adjusted to Book Value
-4.4
-7.1
-5.9
-3.75
-0.39
-0.01
18.11
ROA %
-5.77
-10.65
-8.37
-6.23
-0.77
-0.02
43.06
Return-on-Tangible-Equity
-5.68
-10.02
-7.87
-5.77
-0.6
-0.01
24.4
Return-on-Tangible-Asset
-23.29
-63.45
-88.11
-36.04
-1.79
-1
79.21
ROC (Joel Greenblatt) %
-4.36
-7.37
-6.14
-3.91
-0.32
-0.31
23.24
ROCE %
-10.51
-12.26
-12.76
-8.48
-4.65
-1.16
-1.05
ROIC %
--
--
8.4
8.69
2.15
3.33
4.24
WACC %
23
8
--
--
0.43
1.16
1.24
Effective Interest Rate on Debt %
68.19
67.07
61.95
62.1
57.45
59.54
63.15
Gross Margin %
-152
-74.17
-69.48
-59.84
-28.72
-9.67
-9.77
Operating Margin %
-145
-82.54
-71.76
-45.52
-3.59
-0.11
228
Net Margin %
-130
-57.05
-60.51
-15.4
16.43
-7.43
-4.48
FCF Margin %
0
--
--
--
0.2
0.2
0.15
Debt-to-Equity
0.99
0.95
0.96
0.95
0.79
0.6
0.65
Equity-to-Asset
0
--
--
--
0.16
0.12
0.1
Debt-to-Asset
0.01
0.05
0.04
0.05
0.21
0.4
0.35
Liabilities-to-Assets
2.07
5.76
5.1
5.12
6.18
5.05
5.02
Gross-Profit-to-Asset %
0.03
0.09
0.08
0.08
0.11
0.09
0.08
Asset Turnover
140
48.62
37.72
51.31
38.38
32.85
30.39
Days Sales Outstanding
246
89.52
135
135
95.61
123
136
Days Payable
-106
-40.9
-97.64
-84.06
-57.23
-90.4
-106
Cash Conversion Cycle
0.32
0.33
0.38
0.38
0.43
0.4
0.37
COGS-to-Revenue
0.17
0.19
0.25
0.16
0.07
0.19
0.23
Capex-to-Revenue
* All financial numbers are in millions except for per share data, ratios and percentage change. When Return-on-Tangible-Equity displays Neg. E, it means the the tangible equity is negative.
GuruFocus Manual of Stocks™  |  Jan 23, 2022
Boston Omaha Corp (NYSE:BOMN)
www.gurufocus.com/stock/NYSE:BOMN

Financial Satement



Income Statement

Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
TTM Fiscal Period
0.72
3.84
9.01
20.02
41.39
45.74
50.23
Revenue
0.23
1.27
3.43
7.59
17.61
18.51
18.51
Cost of Goods Sold
0.49
2.58
5.58
12.43
23.78
27.24
31.72
Gross Profit
68.19
67.07
61.95
62.1
57.45
59.54
63.15
Gross Margin %
1.13
3.79
8.49
16.29
21.96
23.82
27.78
Selling, General, & Admin. Expense
0.46
1.64
3.35
8.13
13.71
7.83
8.85
Other Operating Expense
1.59
5.43
11.85
24.41
35.67
31.66
36.63
Total Operating Expense
-1.1
-2.85
-6.26
-11.98
-11.89
-4.42
-4.91
Operating Income
-152
-74.17
-69.48
-59.84
-28.72
-9.67
-9.77
Operating Margin %
--
--
0.1
1.95
3.2
1.66
1.5
  Interest Income
-0.02
-0.01
-0.01
-0
-0.3
-0.84
-0.92
  Interest Expense
-0.02
-0.01
0.09
1.95
2.9
0.82
0.58
Net Interest Income
0.07
-0.31
-0.3
0.87
7.51
1.17
143
Other Income (Expense)
-1.05
-3.17
-6.48
-9.16
-1.48
-2.43
139
Pre-Tax Income
--
--
--
--
--
--
-21.97
Tax Provision
--
--
--
--
--
--
15.81
Tax Rate %
-1.05
-3.17
-6.48
-9.16
-1.48
-2.43
117
Net Income (Continuing Operations)
--
--
0.01
0.05
-0.01
2.38
-2.65
  Other Income (Minority Interest)
-1.05
-3.17
-6.47
-9.11
-1.49
-0.05
114
Net Income
-145
-82.54
-71.76
-45.52
-3.59
-0.11
228
Net Margin %
-0.99
-0.53
-0.6
-0.46
-0.07
-0
4.22
EPS (Basic)
-0.99
-0.53
-0.6
-0.46
-0.07
-0
4.22
EPS (Diluted)
1.06
6.04
10.82
19.93
22.78
25.68
29.49
Shares Outstanding (Diluted Average)
-1.03
-3.17
-6.47
-9.16
-1.18
-1.59
140
EBIT
0.46
1.64
3.35
8.13
17.33
11.81
13.09
Depreciation, Depletion and Amortization
-0.57
-1.53
-3.12
-1.03
16.15
10.22
153
EBITDA

Cashflow Statement

Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
TTM Fiscal Period
-1.05
-3.17
-6.48
-9.16
-1.48
-2.43
117
Net Income From Continuing Operations
0.46
1.64
3.35
8.13
17.33
11.81
13.09
Depreciation, Depletion and Amortization
-0.29
0.01
-0.1
-2.1
-0.45
0.15
-0.78
  Change In Receivables
-0.07
-0.29
-0.09
-0.28
-0.59
-0.76
-1.21
  Change In Prepaid Assets
0.18
0.09
-0.27
0.71
1.99
0.74
3.1
  Change In Payables And Accrued Expense
0.03
-0.08
0.02
2.8
-0.92
-6.18
-4.42
  Change In Other Working Capital
-0.15
-0.26
-0.42
1.12
0.02
-6.05
-3.31
Change In Working Capital
--
--
--
--
--
--
21.97
Deferred Tax
0.01
0.03
0.15
0.13
0.3
0.37
0.18
Asset Impairment Charge
-0.08
0.29
0.22
-0.18
-6.56
1.47
-140
Cash Flow from Others
-0.81
-1.48
-3.19
0.04
9.61
5.17
9.2
Cash Flow from Operations
-0.13
-0.71
-2.27
-3.12
-2.81
-8.57
-11.45
Purchase Of Property, Plant, Equipment
-10.6
-22.98
-12.3
-136
-9.7
-39.63
-34.26
Purchase Of Business
--
-0.25
-177
-843
-1202
-893
-1399
Purchase Of Investment
--
0.3
80.7
817
1154
792
1260
Sale Of Investment
--
-0.26
-0.2
0.04
0.04
-20
0
Cash From Other Investing Activities
-10.72
-23.9
-111
-165
-60.63
-169
-185
Cash Flow from Investing
24.5
41.76
92.39
177
32.21
196
-- Issuance of Stock
0.22
--
--
--
18.06
5.5
5.5
  Issuance of Debt
-0
--
--
--
--
-0.5
-1.09
  Payments of Debt
0.22
--
--
--
18.06
5
4.41
Net Issuance of Debt
0.01
--
-0.96
-1.62
-1.02
2.27
195
Other Financing
24.72
41.76
91.43
176
49.24
203
199
Cash Flow from Financing
13.19
16.38
-22.61
10.91
-1.77
38.58
23.44
Net Change in Cash
-0.13
-0.71
-2.27
-3.12
-2.81
-8.57
-11.45
Capital Expenditure
-0.94
-2.19
-5.45
-3.08
6.8
-3.4
-2.25
Free Cash Flow
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  Jan 23, 2022
Boston Omaha Corp (NYSE:BOMN)
www.gurufocus.com/stock/NYSE:BOMN

Financial Satement


Balance Sheet

Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
TTM Fiscal Period
13.19
29.57
6.84
17.11
16.03
44.67
57.13
  Cash And Cash Equivalents
--
1.16
84.76
93.1
138
109
292
  Marketable Securities
13.19
30.72
91.6
110
154
154
349
Cash, Cash Equivalents, Marketable Securities
0.28
0.75
1.12
4.51
4.19
4.04
5.57
  Accounts Receivable
--
--
--
--
--
20
--   Notes Receivable
--
0.04
-0.02
-0.01
0.46
0.29
0.03
  Other Current Receivables
0.28
0.78
1.1
4.5
4.65
24.33
5.61
Total Receivables
0.07
0.82
1.15
3.86
3.62
151
150
Other Current Assets
13.54
32.33
93.84
119
162
329
505
Total Current Assets
0.66
2.06
14.85
32.95
43.41
40.36
26.81
Investments And Advances
4.55
6.26
10.49
44.03
41.32
42.86
--   Buildings And Improvements
0
0.33
0.54
1.62
2.24
4.67
6.92
  Machinery, Furniture, Equipment
--
-0
--
-0
53.25
64.21
116
  Other Gross PPE
4.55
6.59
11.02
45.64
96.81
112
123
Gross Property, Plant and Equipment
-0.31
-1.01
-1.91
-3.94
-6.73
-10.38
-12.73
  Accumulated Depreciation
4.24
5.58
9.11
41.7
90.08
101
110
Property, Plant and Equipment
5.35
20.76
34.04
136
139
169
174
Intangible Assets
4.38
17.21
24.69
98.69
106
124
130
  Goodwill
-0
4.93
1.63
3.26
2.72
1.12
1.17
Other Long Term Assets
10.25
33.33
59.64
214
275
312
313
Total Long-Term Assets
23.79
65.65
153
332
437
641
817
Total Assets
0.16
0.47
2.08
3.55
5.68
6.83
9.29
  Accounts Payable
--
--
0.5
2
0.42
5.53
5.11
  Other Current Payables
0.01
--
--
--
--
--
--   Current Accrued Expense
0.16
0.47
2.58
5.55
6.09
12.36
14.4
Accounts Payable & Accrued Expense
0.1
--
--
--
0.5
1.28
1.21
  Short-Term Debt
--
--
--
--
3.8
4.36
4.09
  Short-Term Capital Lease Obligation
0.1
--
--
--
4.31
5.64
5.3
Short-Term Debt & Capital Lease Obligation
0.03
1.1
1.4
5.91
9.43
5.87
6.41
  Current Deferred Revenue
0.03
1.1
1.4
5.91
9.43
5.87
6.41
DeferredTaxAndRevenue
-0
1.64
1.06
0.97
1.86
10.01
8.35
Other Current Liabilities
0.29
3.21
5.03
12.44
21.68
33.87
34.45
Total Current Liabilities
--
--
--
--
17.56
21.78
21.26
  Long-Term Debt
--
--
--
--
48.2
47.58
50.92
  Long-Term Capital Lease Obligation
--
--
--
--
65.76
69.36
72.19
Long-Term Debt & Capital Lease Obligation
0
--
--
--
0.2
0.2
0.15
Debt-to-Equity
--
0.13
0.06
0.06
0.06
0.06
22.02
NonCurrent Deferred Liabilities
--
0.13
1.24
4.49
4.17
156
158
Other Long-Term Liabilities
--
0.26
1.29
4.54
69.99
225
253
Total Long-Term Liabilities
0.29
3.46
6.32
16.98
91.67
259
287
Total Liabilities
0
0.01
0.01
0.02
0.02
0.03
0.03
Common Stock
-1.57
-4.74
-11.21
-20.33
-21.81
-42.67
50.41
Retained Earnings
25.06
66.93
158
336
367
424
480
Additional Paid-In Capital
--
-0
0
--
--
--
-0
Other Stockholders Equity
23.5
62.19
147
315
345
382
530
Total Stockholders Equity
23.5
62.19
147
315
345
382
530
Total Equity
0.99
0.95
0.96
0.95
0.79
0.6
0.65
Equity-to-Asset
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  Jan 23, 2022
Boston Omaha Corp (NYSE:BOMN)
www.gurufocus.com/stock/NYSE:BOMN

Valuation Ratios



Valuation Ratios

Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
TTM Fiscal Period
N/A
At Loss
At Loss
At Loss
At Loss
At Loss
6.05
PE Ratio
N/A
At Loss
At Loss
At Loss
At Loss
At Loss
6.05
PE Ratio without NRI
--
--
--
--
--
288
5.29
Price-to-Owner-Earnings
--
1.66
3.16
1.64
1.43
1.97
1.42
PB Ratio
--
2.5
4.11
2.88
2.39
3.54
2.12
Price-to-Tangible-Book
--
--
--
--
70.37
--
-- Price-to-Free-Cash-Flow
--
--
--
11700
49.86
137
76.12
Price-to-Operating-Cash-Flow
--
23.58
38.88
23.31
11.58
15.52
14.14
PS Ratio
--
18.92
41.45
20.31
9.93
14.74
11.58
EV-to-Revenue
--
-47.61
-120
-396
25.44
66
3.8
EV-to-EBITDA
--
-22.98
-57.74
-44.4
-348
-425
4.16
EV-to-EBIT
--
-4.35
-1.73
-2.25
-0.29
-0.24
24.04
Earnings Yield (Joel Greenblatt) %

Valuation and Quality

Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
TTM Fiscal Period
--
103
465
517
495
753
756
Market Cap
--
72.74
374
407
411
674
581
Enterprise Value
--
15
32.39
23.4
21.04
27.65
25.5
Month End Stock Price
12.22
3.95
5.94
4.22
2.65
-3.88
2.09
Net Cash per Share
12.55
4.18
6.09
4.6
3
2.57
7.35
Net Current Asset Value
12.42
4.03
6
4.37
2.78
-3.77
2.23
Net-Net Working Capital
--
--
--
--
--
--
33.79
Graham Number
--
--
--
--
--
-1.97
4.78
Earnings Power Value (EPV)
--
18.26
44.66
18.53
3.64
2.27
2.98
Altman Z-Score
N/A
N/A
4
5
3
6
6
Piotroski F-Score
--
--
-1.65
-0.5
-3.63
-2.53
-2.5
Beneish M-Score
0.44
1.32
0.85
1.34
0.79
0.69
0.35
Scaled Net Operating Assets
44.09
33.83
70.09
46.84
11.34
25.62
35.47
Sloan Ratio %
46.68
10.08
18.65
9.53
7.48
9.72
14.64
Current Ratio
46.68
10.08
18.65
9.53
7.48
9.72
14.64
Quick Ratio
45.48
9.58
18.21
8.86
7.1
4.53
10.13
Cash Ratio
--
15
33.75
30.53
27.61
27.65
49.92
Highest Stock Price
--
--
13.1
19.9
18.77
13.32
24.42
Lowest Stock Price
--
-553
-108
-53.77
-6.46
-15.82
-8.61
Shares Buyback Ratio %
--
-40.36
-19.86
-34.3
-6.51
-25.97
-- Buyback Yield %
--
-7.15
30.97
20.53
80.98
-1.93
-5.5
YoY Rev. per Sh. Growth
--
46.57
-13.21
23.33
84.78
97.14
703
YoY EPS Growth
--
52.89
-13.83
81.94
1463
-43.86
6281
YoY EBITDA Growth
1.06
6.04
10.82
19.93
22.78
25.68
29.42
Shares Outstanding (Basic Average)
1.06
6.9
14.36
22.08
23.51
27.23
29.65
Shares Outstanding (EOP)
--
--
--
--
0.05
0.43
0.45
Beta
03/24/17
03/24/17
03/30/18
03/18/19
03/13/20
05/24/21
  Filing Date
03/24/17
03/30/18
03/18/19
03/13/20
05/24/21
05/24/21
  Restated Filing Date
03/18/19
03/13/20
03/25/21
  Earnings Release Date
--
110
92
128
92
--
-- Number of Shareholders
--
36
86
138
138
217
217
Number of Employees
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  Jan 23, 2022
Boston Omaha Corp (NYSE:BOMN)
www.gurufocus.com/stock/NYSE:BOMN

Explanation

1. Predictability Rank

GuruFocus Predictability Rank is a proprietary ranking of the consistency of a business. We rank the predictability of companies based on the consistency of their revenue per share and EBITDA (earnings before interest, tax, depreciation and amortization) per share over the past 10 fiscal years. Our study found that there is a strong correlation between the stock performance and the predictability of a business. Over the long term, companies with higher predictability also have better stock performance.

The rank is from 1-star to 5-star, with 5-star as the best.

2. Financial Strength

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

  1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
  2. Debt to revenue ratio. The lower, the better.
  3. Altman Z-Score.

The rank is from 1 to 10, with 10 as the highest.

A Financial Strength rank of 8 or above indicates good financial strength; between 4-7 indicates fair financial strength; 3 or below means poor financial strength.

3. Profitability Rank

GuruFocus Profitability Rank indicates how profitable a company is and how likely it is that the company's business will stay that way. It is based on these factors:

  1. Operating Margin %.
  2. Piotroski F-Score.
  3. Trend of the Operating Margin percentage (five-year average). A company with an uptrend in profit margin will have a higher rank.
  4. Consistency of the profitability.
  5. Predictability Rank.

The rank is from 1 to 10, with 10 as the highest.

A Profitability Rank of 8 or above indicates good profitability; between 4-7 indicates fair profitability; 3 or below means poor profitability.

4. Peter Lynch Chart

In Peter Lynch's excellent book, "One Up on Wall Street," he used many charts to illustrate the valuation of stocks. “A quick way to tell if a stock is overpriced is to compare the price line to the earnings line. If you bought familiar growth companies – such as Shoney’s, The Limited, or Marriott – when the stock price fell well below the earnings line, and sold them when the stock price rose dramatically above it, the chances are you’d do pretty well.”

The original Peter Lynch Chart does have limitations due to the right side price scale is pre-set at 15 times the earnings scale on the left side. When the stock price and earnings line coincide, the price-to-earnings ratio is always 15 times. Instead of using the fixed PE Ratio of 15, our approach is using 15-year historical median PE without NRI Ratio for each stock.

The Peter Lynch Chart with earnings line at median PE without NRI ratio works well for the companies with steady growth and earnings trends, or the stalwarts, as coined by Lynch. These companies tend to be found in sectors such as consumer staples, healthcare, and utilities, where the consumption of the product or service is relatively independent of economic conditions. It does not work well with the sectors that are cyclical: industrials, chemicals, durable goods, and so forth.

5. GF Value

Based on the relationship between the current stock price and the GF Value, GuruFocus provides the following 6 evaluations:

  1. Possible Value Trap, Think Twice
  2. Significantly Overvalued
  3. Modestly Overvalued
  4. Fairly Valued
  5. Modestly Undervalued
  6. Significantly Undervalued
There is only a sufficient margin of safety when the stock is undervalued.

Disclaimer

GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.