Boston Omaha Corporation (BOC) vs Tejon Ranch Co (TRC)

Boston Omaha Corporation and Tejon Ranch Co are both Conglomerates companies. Boston Omaha Corporation and Tejon Ranch Co are of similar size ($439.4M and $404.6M). Boston Omaha Corporation has negative trailing earnings, so its P/E is not meaningful; Tejon Ranch Co trades at 72.9×. Tejon Ranch Co grew revenue faster over the last twelve months: 25.5% against 9.87%. Tejon Ranch Co has the higher net margin (10.6% vs −11.4%) and the higher return on invested capital (−0.06% vs −0.64%). Across the 19 metrics below, Tejon Ranch Co leads on 10 and Boston Omaha Corporation on 9.

Valuation

Metric BOC TRC Conglomerates median
P/E n/m 72.92 17.47
P/S 3.55 7.82 0.88
P/B 0.80 0.90 1.40
Price to free cash flow n/m n/m 12.58
EV/EBITDA 16.94 84.99 11.36
EV/Sales 3.65 9.27 1.37
Earnings yield (3.12%) 1.37% 0.65%
Free cash flow yield (1.39%) (4.15%) 0.00%

Profitability

Metric BOC TRC Conglomerates median
Gross margin 35.45% 16.08% 33.55%
Operating margin (4.69%) (0.91%) 3.36%
Net margin (11.44%) 10.62% 0.97%
Free cash flow margin (4.95%) (42.78%) (0.94%)
Return on equity (2.47%) 1.23% 0.75%
Return on assets (1.87%) 0.96% 0.10%
Return on invested capital (0.64%) (0.06%) 0.73%

Growth

Metric BOC TRC Conglomerates median
Revenue growth (TTM) 9.87% 25.45% 8.17%
EPS growth (last fiscal year) (900.00%) (97.40%) —
Revenue growth, 5-year CAGR 20.12% 5.56% 6.01%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BOC TRC Conglomerates median
Debt to equity 0.09 0.19 0.48
Current ratio 2.05 2.92 1.79
Net debt to EBITDA (1.33) (32.76) 1.36

Dividend

Metric BOC TRC Conglomerates median
Dividend yield — — 2.53%
Payout ratio 0.00 0.00 0.00

Size

Metric BOC TRC Conglomerates median
Market cap 404.60m 439.37m 519.65m

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