CCO

Clear Channel Outdoor Holdings Inc.

TMT


Presented:01/22/2020
Price:$3.05
Cap:$1.42B
Current Price:$1.57
Cap:$0.77B

Presented

Date01/22/2020
Price$3.05
Market Cap$1.42B
Ent Value$8.03B
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/S466.08M
Ave Daily Vol2,095,109
Short Int0.99%

Current

Price$1.57
Market Cap$0.77B
Clear Channel Outdoor Holdings, Inc. provides outdoor advertising solutions. Their products include billboards, street furniture and transit advertising in traditional and digital formats. The company is headquartered in San Antonio, TX.

Publicly traded companies mentioned herein: Clear Channel Outdoor Holdings Inc (CCO), Coca-Cola Co/The (KO), Facebook Inc (FB), JCDecaux SA (DEC FP), Lamar Advertising Co (LAMR), Netflix Inc (NFLX), Outfront Media Inc (OUT), Uber Technologies Inc (UBER)

Highlights

The presenter is long shares of Clear Channel Outdoor Holdings Inc (CCO), noting that the billboard advertising business is more exciting than most investors would imagine. Shares have fallen ~50% to ~$3 in the past year due to a major recapitalization and refinancing, but the presenter believes the company now has a significant runway that will allow it to outpace the industry on the back of its strong portfolio of billboards. CCO’s EV/EBITDA multiple has compressed to ~8.5x the presenter’s 2020 EBITDA estimate, but he is optimistic that his strong growth projection will allow the multiple to reflate to ~12x, representing upside to ~$9 per share. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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