This ten year chart is depressing if you are an OUTFRONT investor. OUTFRONT closed at $12.37 today down from $26.84 almost 10 years ago on December 31, 2014. Billboard Insider reviewed 9 years of of OUTFRONT financials to answer the question why a company with such polished people and […]
Moorgate Capital Partners has compiled an interesting table showing the public OOH company M&A activity from 2019 to 2023. Some Billboard Insider observations. Acquisitions have slowed dramatically at the public out of home companies. They closed only $163 million in acquisitions during the first 9 months of 2023, down from […]
Moorgate Capital Partners has analyzed out of home leverage and cost of debt trends thru September 2023. Some chart’s in Moorgate’s report caught Billboard Insider’s eye. Weighted average debt costs have increased at the public out of home companies over the past two years although the rise has slowed during […]
Billboard Insider enjoys reading the Media Monthly report from Solomon Partners. Here’s a snapshot from the Solomon Partners Media Monthly November 2023 report showing how the market is valuing each public out of home company as a multiple of cashflow. The public out of home companies have a median total […]
OUTFRONT is spotlighting the New York City Marathon with innovative OOH and content campaigns. Utilizing their platform, Moments by OUTFRONT, they’ll be running two themed content campaigns: “Moments in Style” in partnership with PureWow/One37PM and “Moments in Food” in partnership with So Yummy. “Moments in Style” features tips and essential […]
Not a pretty picture for out of home stocks. All the public out of home companies failed to beat the market during the past three months due to fears about a recession impacting ad spending. The S&P 500 declined 10%. Lamar was off 17%, Boston Omaha down 27%, Clear […]
Billboard Insider asked SignValue’s Paul Wright to talk about OUTFRONT’s Canadian sale and new equity investors. Wright also talked about the return of airport traffic which is good news for OUTFRONT, JCDecaux and Clear Channel Outdoor. What’s your take on the OUTFRONT Canada sale? We like OUTFRONT’s sale of their […]
OUTFRONT shares increased 8% this week following news that the OUTFRONT is selling OUTFRONT Canada to Bell Media for $300 million US. Three things about the sale. Stock purchase The transaction is a purchase of the shares of OUTFRONT Canada, not a purchase of assets. This carries more risk for […]
Earlier this year Arte Moreno, Ernie Garcia and Verde Investments were part of a group that purchased 7.3% of the stock of Clear Channel Outdoor. They are at it again. This week Garcia’s Verde Investments and Artie Moreno purchased 5.2% of OUTFRONT Media’s common stock. Billboard Insider Values the groups […]
A hurdle rate is the minimum acceptable return on new capital expenditures. It is the excess cashflow (EBITDA) on a new out of home capital project divided by the incremental cost of the out of home capital project. Two-thirds of Billboard Insider’s readers have a hurdle rate for new out […]
