Lamar Advertising Company (LAMR) vs OUTFRONT Media Inc. (OUT)

Lamar Advertising Company and OUTFRONT Media Inc. are both Reit Specialty companies. Lamar Advertising Company is the larger, with a market value of $14.6B against $4.9B — 3.0× the size. OUTFRONT Media Inc. trades at the lower P/E: 19.8× against 26.3×. OUTFRONT Media Inc. grew revenue faster over the last twelve months: 7.62% against 4.39%. Lamar Advertising Company has the higher net margin (23.9% vs 12.3%) and the higher return on invested capital (10.4% vs 7.74%). Both pay a dividend; OUTFRONT Media Inc. yields more (9.65% vs 4.73%). Across the 23 metrics below, OUTFRONT Media Inc. leads on 12 and Lamar Advertising Company on 11.

Valuation

Metric LAMR OUT Reit Specialty median
P/E 26.27 19.75 26.27
P/S 6.28 2.52 5.86
P/B 14.68 7.01 2.19
Price to free cash flow 19.77 16.71 14.62
EV/EBITDA 16.69 13.29 16.22
EV/Sales 7.77 3.81 8.93
Earnings yield 3.81% 5.06% 3.43%
Free cash flow yield 5.06% 5.98% 5.37%

Profitability

Metric LAMR OUT Reit Specialty median
Gross margin 67.43% 51.40% 67.43%
Operating margin 31.78% 20.46% 21.38%
Net margin 23.89% 12.25% 16.14%
Free cash flow margin 31.77% 15.08% 31.07%
Return on equity 58.42% 38.34% 4.76%
Return on assets 8.13% 4.55% 3.29%
Return on invested capital 10.37% 7.74% 4.19%

Growth

Metric LAMR OUT Reit Specialty median
Revenue growth (TTM) 4.39% 7.62% 5.36%
EPS growth (last fiscal year) 63.92% (45.70%) —
Revenue growth, 5-year CAGR 7.63% 8.18% 6.70%
Net income growth, 5-year CAGR 19.28% 0.00% 0.00%

Health

Metric LAMR OUT Reit Specialty median
Debt to equity 3.54 3.64 0.62
Current ratio 0.63 0.67 0.70
Net debt to EBITDA 3.04 5.40 4.47

Dividend

Metric LAMR OUT Reit Specialty median
Dividend yield 4.73% 9.65% 3.88%
Payout ratio 1.20 1.08 1.14

Size

Metric LAMR OUT Reit Specialty median
Market cap 14.59b 4.92b 8.48b

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