LAMAR ADVERTISING COMPANY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 119.9 USD | -0.26% |
|
+0.06% | +12.82% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,965 | 8,393 | 12,280 | 9,599 | 10,840 | 12,260 | - | - |
| Enterprise Value (EV) 1 | 11,918 | 11,158 | 15,194 | 12,859 | 14,137 | 15,315 | 15,201 | 15,077 |
| P/E ratio | 24.1 x | 34.5 x | 31.7 x | 21.9 x | 21.9 x | 23.6 x | 20.8 x | 19.2 x |
| Yield | 4.3% | 3% | 2.89% | 5.3% | 4.7% | 4.41% | 4.54% | 4.75% |
| Capitalization / Revenue | 5.11 x | 5.35 x | 6.87 x | 4.72 x | 5.14 x | 5.55 x | 5.29 x | 5.1 x |
| EV / Revenue | 6.8 x | 7.11 x | 8.5 x | 6.33 x | 6.7 x | 6.93 x | 6.56 x | 6.28 x |
| EV / EBITDA | 15.2 x | 16.6 x | 18.4 x | 13.7 x | 14.3 x | 15 x | 14 x | 13.3 x |
| EV / FCF | 23,580,698 x | 22,994,200 x | 24,976,955 x | 20,924,970 x | - | - | - | - |
| FCF Yield | 0% | 0% | 0% | 0% | - | - | - | - |
| Price to Book | 7.6 x | 6.98 x | 10.1 x | 8.04 x | 8.9 x | 8.63 x | 7.07 x | 5.9 x |
| Nbr of stocks (in thousands) | 100,431 | 100,848 | 101,239 | 101,683 | 101,998 | 102,241 | - | - |
| Reference price 2 | 89.26 | 83.22 | 121.3 | 94.40 | 106.3 | 119.9 | 119.9 | 119.9 |
| Announcement Date | 2/20/20 | 2/26/21 | 2/25/22 | 2/24/23 | 2/23/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,754 | 1,569 | 1,787 | 2,032 | 2,111 | 2,209 | 2,316 | 2,402 |
| EBITDA 1 | 784.9 | 671.5 | 827.3 | 938.1 | 985.7 | 1,023 | 1,085 | 1,135 |
| EBIT 1 | 517.7 | 410.1 | 521.2 | 578 | 675.4 | 717.6 | 783.1 | 830.8 |
| Operating Margin | 29.52% | 26.14% | 29.16% | 28.44% | 32% | 32.48% | 33.81% | 34.59% |
| Earnings before Tax (EBT) 1 | 367.9 | 248 | 397.3 | 456.1 | 506.6 | 536.9 | 614.4 | 662.5 |
| Net income 1 | 371.7 | 243 | 387.7 | 438.3 | 495.4 | 519.5 | 595.5 | 649.7 |
| Net margin | 21.2% | 15.49% | 21.69% | 21.57% | 23.47% | 23.51% | 25.71% | 27.05% |
| EPS 2 | 3.710 | 2.410 | 3.830 | 4.310 | 4.850 | 5.092 | 5.774 | 6.255 |
| Free Cash Flow | 505.4 | 485.2 | 608.3 | 614.5 | - | - | - | - |
| FCF margin | 28.82% | 30.93% | 34.03% | 30.24% | - | - | - | - |
| FCF Conversion (EBITDA) | 64.4% | 72.26% | 73.53% | 65.51% | - | - | - | - |
| FCF Conversion (Net income) | 135.96% | 199.67% | 156.9% | 140.21% | - | - | - | - |
| Dividend per Share 2 | 3.840 | 2.500 | 3.500 | 5.000 | 5.000 | 5.283 | 5.449 | 5.701 |
| Announcement Date | 2/20/20 | 2/26/21 | 2/25/22 | 2/24/23 | 2/23/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 494.6 | 451.4 | 517.9 | 527.4 | - | 471.3 | 541.1 | 542.6 | 555.9 | 498.2 | 567.5 | 566 | 581.6 | 534.7 |
| EBITDA 1 | 230.7 | 191.2 | 243.4 | 251.2 | - | 198 | 253.9 | 265.7 | 268.2 | 211.9 | 270 | 272.4 | 272.3 | 232.6 |
| EBIT 1 | 149.9 | 120.5 | 166.5 | 181 | 110.1 | 118.8 | 176.8 | 188.1 | 191.7 | 124.6 | 202 | 204.4 | 204.3 | 162.6 |
| Operating Margin | 30.32% | 26.69% | 32.15% | 34.32% | - | 25.21% | 32.67% | 34.67% | 34.49% | 25.01% | 35.6% | 36.12% | 35.13% | 30.4% |
| Earnings before Tax (EBT) 1 | 126.6 | 94.63 | 137.6 | 149.2 | 74.58 | 78 | 134.1 | 144.3 | 150.3 | 80.02 | 146.2 | 154.9 | 155.4 | 107.5 |
| Net income 1 | 123.2 | 92.06 | 134.1 | 146.1 | 66.01 | 75.95 | 130.5 | 139.9 | 149 | 78.13 | 142.8 | 151.5 | 151.9 | 104.6 |
| Net margin | 24.91% | 20.39% | 25.9% | 27.7% | - | 16.11% | 24.12% | 25.79% | 26.8% | 15.68% | 25.16% | 26.76% | 26.12% | 19.56% |
| EPS 2 | 1.210 | 0.9100 | 1.320 | 1.440 | 0.6500 | 0.7400 | 1.280 | 1.370 | 1.460 | 0.7600 | 1.382 | 1.451 | 1.493 | 1.019 |
| Dividend per Share 2 | 1.000 | 1.100 | 1.200 | 1.200 | 1.500 | 1.250 | 1.250 | - | 1.250 | - | 1.300 | 1.300 | 1.325 | 1.350 |
| Announcement Date | 2/25/22 | 5/5/22 | 8/3/22 | 11/4/22 | 2/24/23 | 5/4/23 | 8/3/23 | 11/2/23 | 2/23/24 | 5/2/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,954 | 2,765 | 2,914 | 3,260 | 3,297 | 3,055 | 2,941 | 2,818 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.764 x | 4.117 x | 3.522 x | 3.475 x | 3.344 x | 2.987 x | 2.712 x | 2.483 x |
| Free Cash Flow | 505 | 485 | 608 | 615 | - | - | - | - |
| ROE (net income / shareholders' equity) | 32.2% | 20.4% | 32% | 36.3% | 41.1% | 40.2% | 40.9% | 39.5% |
| ROA (Net income/ Total Assets) | 7.09% | 4.14% | 6.55% | 7% | 7.6% | 8.22% | 9.14% | 9.72% |
| Assets 1 | 5,243 | 5,866 | 5,919 | 6,261 | 6,519 | 6,322 | 6,519 | 6,685 |
| Book Value Per Share 2 | 11.70 | 11.90 | 12.00 | 11.70 | 11.90 | 13.90 | 17.00 | 20.30 |
| Cash Flow per Share | 6.290 | - | - | - | - | - | - | - |
| Capex 1 | 141 | 62.3 | 126 | 167 | 178 | 145 | 152 | 149 |
| Capex / Sales | 8.04% | 3.97% | 7.05% | 8.22% | 8.44% | 6.56% | 6.56% | 6.2% |
| Announcement Date | 2/20/20 | 2/26/21 | 2/25/22 | 2/24/23 | 2/23/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
119.9
USD
Average target price
119.7
USD
Spread / Average Target
-0.20%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +12.82% | 12.26B | |
| -9.90% | 90.83B | |
| -0.66% | 75.91B | |
| +6.85% | 46.67B | |
| -10.68% | 44.71B | |
| +16.88% | 23.98B | |
| +6.81% | 2.47B | |
| -7.69% | 2.31B | |
| +3.77% | 917M | |
| -36.85% | 877M |
- Stock Market
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- LAMR Stock
- Financials Lamar Advertising Company
