Selected financial information for JCDecaux from their press release. Paris, July 27th, 2023 – JCDecaux SE (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announced today its 2023 half-year financial results. Commenting on the 2023 first half-year results, Jean-François Decaux, Chairman of the Executive Board and Co-CEO of JCDecaux, said: […]
Artie Moreno and various parties associated with Verde Investments have combined to purchase a total of 35 million shares in Clear Channel Outdoor. Here’s the group… Looks to Billboard Insider like this makes Moreno, Verde et. al. the 4th largest shareholder in Clear Channel Outdoor. Here’s our estimate… Billboard Insider’s […]
I agree with the conclusions in Billboard Insider’s July 25, 2023 article on billboard easements. Just a couple additional observations…. We often get asked by sellers who own their land if they are better off reserving an easement and selling the board with a land lease to retain some passive […]
Yesterday Billboard Insider described how easements increase the value of a billboard structure. Out of home appraisal and valuation expert Paul Wright agrees… Happy to weigh in on the value of easements in a billboard transaction. As you mentioned, the lack of a lease expense, which is often a billboard […]
In EBIDTA and Billboard Cashflow and Why You Need to Know the Difference, Billboard Insider commented that out of home companies trade at 8-12 times billboard cashflow (e.g. revenue less lease costs, electricity, property taxes and a sales commission of 5-10%). A Billboard Insider reader writes, “I find your article […]
You’ve probably heard out of home investors, brokers and lenders talk about EBITDA and Billboard cashflow. It’s important to know the difference. Out of home EBITDA Out of home cashflow or EBITDA is earnings before interest, depreciation, amortization and income taxes. It’s how much cash your company generates each year […]
Billboard Insider readers are an efficient bunch to judge from our poll on out of home EBIDTA cashflow margins. Yesterday we asked readers what their company cashflow margin was. Most of our readers work at companies with a cashflow margin (EBITDA/Revenues) in excess of 40%. Billboard Insider suspects this is […]
The best way to measure your out of home company’s efficiency is by its cash flow margin (e.g. EBIDTA/Revenues). EBIDTA is earnings before interest, depreciation, income taxes and amortization. It represents what you’ve generated in cash from operations before you pay the bank or shareholders. You add back non-cash charges […]
Clear Channel outperformed the stock market for the second quarter of 2023 while Lamar and OUTFRONT lagged the market. Stock performance for Lamar (green), OUTFRONT (purple), Clear Channel Outdoor (blue) and the S&P 500 (black) for the 3 months ended June 30, 2023 Clear Channel Outdoor increased 14.2% during […]
Indianapolis, Indiana – Stark Capital Solutions, a leading OOH capital provider and M&A advisory firm, has promoted Craig Berry from Vice-President to Partner. Craig joined Stark Capital in 2018 after a stint as a small-business owner in Indianapolis. Since joining Stark Capital, Craig has been a leading force in increasing […]
