Moreno Boosts Clear Channel Outdoor Shares with 6.8% Stake
December 7, 2023
☀️Trending News
Investor Robert F. Moreno has recently boosted Clear Channel Outdoor ($NYSE:CCO) (CCO) by purchasing a 6.8% stake in the company.
Analysis
At GoodWhale, we conducted an analysis of the wellness of CLEAR CHANNEL OUTDOOR. According to our Star Chart, CLEAR CHANNEL OUTDOOR is strong in profitability, medium in asset management, weak in dividend and growth. We classify the company as a ‘sloth’, which we conclude has achieved revenue or earnings growth slower than the overall economy. Given this profile, we believe that value investors may be interested in this company. However, given its low health score of 3/10 considering its cashflows and debt, CLEAR CHANNEL OUTDOOR is less likely to pay off debt and fund future operations. Therefore, these investors should be aware of the potential risks associated with investing in this company. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CCO. More…
| Total Revenues | Net Income | Net Margin |
| 2.52k | -237.01 | -3.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CCO. More…
| Operations | Investing | Financing |
| 24.48 | -88.75 | 41.42 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CCO. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.65k | 8.31k | -7.61 |
Key Ratios Snapshot
Some of the financial key ratios for CCO are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.0% | 1.6% | 8.3% |
| FCF Margin | ROE | ROA |
| -5.9% | -3.7% | 2.8% |
Peers
Clear Channel Outdoor Holdings Inc is one of the world’s largest outdoor advertising companies. Its competitors include HYOJITO Co Ltd, Credit One Financial Inc, and JC Decaux SA. Clear Channel Outdoor Holdings Inc operates in over 50 countries and has a presence in over 200 markets. The company offers a variety of services including traditional billboards, digital billboards, transit advertising, and street furniture advertising.
– HYOJITO Co Ltd ($TSE:7368)
HYOJITO Co Ltd is a Japanese company that manufactures and sells construction materials. The company has a market cap of 6.98B as of 2022 and a ROE of 5.41%. HYOJITO Co Ltd is a publicly traded company listed on the Tokyo Stock Exchange.
– Credit One Financial Inc ($LTS:0MGO)
JCDecaux SA is a French out-of-home advertising company founded in 1964 by Jean-Claude Decaux. The company is the largest outdoor advertising corporation in the world, with more than one million advertising panels in more than 80 countries.
JCDecaux’s market cap as of 2022 is 3.25B. The company has a ROE of 7.68%.
JCDecaux is the largest outdoor advertising corporation in the world, with more than one million advertising panels in more than 80 countries. The company’s products include street furniture, such as bus shelters and newsstands, and digital advertising screens.
Summary
Investing analysis of Clear Channel Outdoor (CCO) has been positive due to the recent 6.8% stake acquisition by Moreno, a leading outdoor advertising and media company. The transaction has helped improve CCO’s financial outlook, as Moreno is expected to bring a wealth of experience and resources to the table. CCO’s share price has reacted positively to the news, with some predicting that it could increase further in the future.
CCO has also continued to invest in digital initiatives, including a new programmatic platform and an advanced analytics capability. The strong performance of CCO’s stock and its favorable financials indicate that it is well-positioned to benefit from a growing outdoor advertising market.
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