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Boston Omaha Piotroski F-Score

: 6 (As of Today)
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The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Boston Omaha has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Boston Omaha's Piotroski F-Score or its related term are showing as below:

NAS:BOMN' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 7
Current: 6

3
7

During the past 6 years, the highest Piotroski F-Score of Boston Omaha was 7. The lowest was 3. And the median was 4.


Boston Omaha Piotroski F-Score Historical Data

The historical data trend for Boston Omaha's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Boston Omaha Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Premium Member Only N/A 4.00 5.00 3.00 6.00

Boston Omaha Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 5.00 6.00 7.00 6.00

Competitive Comparison

For the Advertising Agencies subindustry, Boston Omaha's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Boston Omaha Piotroski F-Score Distribution

For the Media - Diversified industry and Communication Services sector, Boston Omaha's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Boston Omaha's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jun21) TTM:Last Year (Jun20) TTM:
Net Income was 3.464 + 17.819 + 84.438 + 8.638 = $114.36 Mil.
Cash Flow from Operations was 2.231 + 1.682 + 4.03 + 1.26 = $9.20 Mil.
Revenue was 11.607 + 11.234 + 13.205 + 14.18 = $50.23 Mil.
Gross Profit was 6.939 + 6.944 + 8.458 + 9.379 = $31.72 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was
(468.881 + 479.905 + 640.707 + 750.104 + 817.172) / 5 = $631.3538 Mil.
Total Assets at the begining of this year (Jun20) was $468.88 Mil.
Long-Term Debt & Capital Lease Obligation was $72.19 Mil.
Total Current Assets was $504.55 Mil.
Total Current Liabilities was $34.45 Mil.
Net Income was 0.635 + 4.071 + -24.734 + 3.402 = $-16.63 Mil.

Revenue was 10.823 + 11.316 + 11.41 + 11.493 = $45.04 Mil.
Gross Profit was 5.94 + 6.781 + 6.88 + 6.472 = $26.07 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(390.159 + 426.114 + 436.908 + 412.14 + 468.881) / 5 = $426.8404 Mil.
Total Assets at the begining of last year (Jun19) was $390.16 Mil.
Long-Term Debt & Capital Lease Obligation was $63.30 Mil.
Total Current Assets was $186.99 Mil.
Total Current Liabilities was $21.43 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Boston Omaha's current Net Income (TTM) was 114.36. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Boston Omaha's current Cash Flow from Operations (TTM) was 9.20. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun20)
=114.359/468.881
=0.24389771

ROA (Last Year)=Net Income/Total Assets (Jun19)
=-16.626/390.159
=-0.0426134

Boston Omaha's return on assets of this year was 0.24389771. Boston Omaha's return on assets of last year was -0.0426134. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Boston Omaha's current Net Income (TTM) was 114.36. Boston Omaha's current Cash Flow from Operations (TTM) was 9.20. ==> 9.20 <= 114.36 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=72.187/631.3538
=0.11433684

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=63.295/426.8404
=0.14828728

Boston Omaha's gearing of this year was 0.11433684. Boston Omaha's gearing of last year was 0.14828728. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Jun21)=Total Current Assets/Total Current Liabilities
=504.548/34.452
=14.6449553

Current Ratio (Last Year: Jun20)=Total Current Assets/Total Current Liabilities
=186.988/21.427
=8.72674663

Boston Omaha's current ratio of this year was 14.6449553. Boston Omaha's current ratio of last year was 8.72674663. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Boston Omaha's number of shares in issue this year was 29.493. Boston Omaha's number of shares in issue last year was 24.716. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=31.72/50.226
=0.63154541

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=26.073/45.042
=0.57885973

Boston Omaha's gross margin of this year was 0.63154541. Boston Omaha's gross margin of last year was 0.57885973. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun20)
=50.226/468.881
=0.10711886

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=45.042/390.159
=0.11544524

Boston Omaha's asset turnover of this year was 0.10711886. Boston Omaha's asset turnover of last year was 0.11544524. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+0+1+1+0+1+0
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Boston Omaha has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Boston Omaha  (NAS:BOMN) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Boston Omaha Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Boston Omaha's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Boston Omaha Business Description

Boston Omaha logo
Industry
Traded in Other Exchanges
Address
1601 Dodge Street, Suite 3300, Omaha, NE, USA, 68102
Boston Omaha Corp is a US-based company which invests in real estate. Its operations include its ownership of multiple billboards in Florida, Georgia, Wisconsin, and Alabama and equity method investments in several real estate companies. The company operates three separate lines of business, outdoor billboard advertising, surety insurance and related brokerage activities, and broadband services. It also engages in investments in real estate management and related activities. The company generates the majority of the revenue from billboard rentals.
Executives
Weisenburger Joshua Paul officer: Chief Financial Officer 1411 HARNEY ST. SUITE 200 OMAHA NE 68102
Briner Bradford B director 705 GIMGHOUL ROAD CHAPEL HILL NC 27514
Keating Brendan Joseph director 8918 SPANISH RIDGE AVENUE, SUITE 100 LAS VEGAS NV 89148
Boulderado Partners, Llc 10 percent owner 292 NEWBURY STREET SUITE 333 BOSTON MA 02115
Boulderado Group, Llc other: Manager is Director and Co-CEO 304 NEWBURY STREET SUITE 333 BOSTON MA 02115
Boulderado Capital, Llc 10 percent owner 292 NEWBURY STREET BOSTON MA 02115
Rozek Alexander Buffett director, 10 percent owner, officer: Co-Chief Executive Officer 292 NEWBURY ST #333 BOSTON MA 02115
Magnolia Group, Llc 10 percent owner 1411 HARNEY STREET SUITE 200 OMAHA NE 68102
Magnolia Boc Ii, Lp 10 percent owner 1411 HARNEY ST. SUITE 200 OMAHA NE 68102
Magnolia Boc I, Lp 10 percent owner 1411 HARNEY ST. SUITE 200 OMAHA NE 68102
Peterson Adam K director, 10 percent owner, officer: Co-Chief Executive Officer 1411 HARNEY STREET, SUITE 200 OMAHA NE 68102
Magnolia Capital Fund, Lp 10 percent owner 1411 HARNEY ST., SUITE 200 OMAHA NE 68102
Lafoy William Scott officer: CEO of Link Media Holdings,LLC C/O LINK MEDIA OUTDOOR 200 MANSELL CT. EAST, BLDG 200 STE. 360 ROSWELL GA 30076
Royal Jeffrey C director 5420 NICHOLAS STREET OMAHA NE 68132
Kenan Frank H. Ii director C/O BOSTON OMAHA CORPORATION., 292 NEWBURY ST. SUITE 333 BOSTON MA 02115

Boston Omaha Headlines

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