(CCO) Clear Channel Outdoor - Overview
Stock: Billboards, Street Furniture, Transit Displays, Wallscapes, Airport Advertising
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 58.8% |
| Relative Tail Risk | -9.44% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.00 |
| Alpha | 35.53 |
| Character TTM | |
|---|---|
| Beta | 1.726 |
| Beta Downside | 1.360 |
| Drawdowns 3y | |
|---|---|
| Max DD | 57.07% |
| CAGR/Max DD | 0.12 |
Description: CCO Clear Channel Outdoor December 26, 2025
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is a publicly-traded out-of-home (OOH) advertising company operating primarily in the United States and Singapore, with its corporate headquarters in San Antonio, Texas. The firm is organized into two reporting segments-America and Airports-and offers a portfolio of static and digital billboards, “spectacular” custom displays, street-furniture assets (bus shelters, kiosks, news racks), transit media (rail stations, buses, trams), and wall-scape placements, as well as advertising inventory at commercial and private airports.
The company’s technology suite is branded “RADAR” and includes four distinct tools: RADARView (audience-insight and campaign-planning platform built on historical mobile-location data), RADARConnect (programmatic amplification across mobile and connected devices), RADARProof (measurement and attribution using anonymized, aggregated data), and RADARSync (a privacy-compliant data-integration layer that feeds insights into third-party analytics platforms). These solutions aim to monetize the growing demand for data-driven, programmatic OOH buying.
Key industry metrics that shape CCO’s outlook include: (1) U.S. OOH ad spend, which grew ≈ 7 % YoY in 2023 and is projected to reach $14 bn by 2025, driven by a shift toward digital and programmatic inventory; (2) Digital-OOH (DOOH) penetration, now accounting for roughly 30 % of total OOH revenue and expanding at 12-15 % annual rates; and (3) Average revenue per billboard (ARPB), reported at $9.8 k in Q4 2023, a figure that has been trending upward as advertisers allocate more budget to premium, data-enabled locations.
From a financial perspective, CCO posted FY 2023 revenue of $2.5 bn, a 5 % increase year-over-year, and an adjusted EBITDA margin of 31 %, reflecting both the higher mix of digital assets and cost efficiencies from the RADAR platform. The company’s exposure to macro-economic cycles is moderated by the essential-service nature of advertising spend and by long-term lease contracts for many of its billboard sites.
For a deeper, data-driven valuation, see the ValueRay analyst page to explore granular financial models and scenario analyses.
Piotroski VR‑10 (Strict, 0-10) 1.0
| Net Income: -5.94m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA 0.51 > 1.0 |
| NWC/Revenue: 5.35% < 20% (prev 0.10%; Δ 5.26% < -1%) |
| CFO/TA 0.02 > 3% & CFO 87.8m > Net Income -5.94m |
| Net Debt (6.31b) to EBITDA (399.8m): 15.78 < 3 |
| Current Ratio: 1.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (498.4m) vs 12m ago 1.93% < -2% |
| Gross Margin: 53.50% > 18% (prev 0.52%; Δ 5298 % > 0.5%) |
| Asset Turnover: 37.34% > 50% (prev 40.17%; Δ -2.82% > 0%) |
| Interest Coverage Ratio: 0.70 > 6 (EBITDA TTM 399.8m / Interest Expense TTM 375.9m) |
Altman Z'' -6.48
| A: 0.02 (Total Current Assets 699.6m - Total Current Liabilities 615.6m) / Total Assets 3.76b |
| B: -1.85 (Retained Earnings -6.95b / Total Assets 3.76b) |
| C: 0.06 (EBIT TTM 261.4m / Avg Total Assets 4.20b) |
| D: -0.98 (Book Value of Equity -7.04b / Total Liabilities 7.22b) |
| Altman-Z'' Score: -6.48 = D |
Beneish M -3.33
| DSRI: 0.82 (Receivables 340.3m/495.8m, Revenue 1.57b/1.87b) |
| GMI: 0.97 (GM 53.50% / 51.89%) |
| AQI: 1.03 (AQ_t 0.35 / AQ_t-1 0.34) |
| SGI: 0.84 (Revenue 1.57b / 1.87b) |
| TATA: -0.02 (NI -5.94m - CFO 87.8m) / TA 3.76b) |
| Beneish M-Score: -3.33 (Cap -4..+1) = AA |
What is the price of CCO shares?
Over the past week, the price has changed by +3.83%, over one month by +0.93%, over three months by +21.91% and over the past year by +59.56%.
Is CCO a buy, sell or hold?
- StrongBuy: 1
- Buy: 0
- Hold: 4
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the CCO price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 2.3 | 7.4% |
| Analysts Target Price | 2.3 | 7.4% |
| ValueRay Target Price | 2.5 | 15.7% |
CCO Fundamental Data Overview February 05, 2026
P/S = 0.6845
P/EG = 16.5714
Revenue TTM = 1.57b USD
EBIT TTM = 261.4m USD
EBITDA TTM = 399.8m USD
Long Term Debt = 5.10b USD (from longTermDebt, last quarter)
Short Term Debt = 133.5m USD (from shortTermDebt, last quarter)
Debt = 6.46b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.31b USD (from netDebt column, last quarter)
Enterprise Value = 7.38b USD (1.07b + Debt 6.46b - CCE 155.0m)
Interest Coverage Ratio = 0.70 (Ebit TTM 261.4m / Interest Expense TTM 375.9m)
EV/FCF = -282.0x (Enterprise Value 7.38b / FCF TTM -26.2m)
FCF Yield = -0.35% (FCF TTM -26.2m / Enterprise Value 7.38b)
FCF Margin = -1.67% (FCF TTM -26.2m / Revenue TTM 1.57b)
Net Margin = -0.38% (Net Income TTM -5.94m / Revenue TTM 1.57b)
Gross Margin = 53.50% ((Revenue TTM 1.57b - Cost of Revenue TTM 729.7m) / Revenue TTM)
Gross Margin QoQ = 54.53% (prev 53.94%)
Tobins Q-Ratio = 1.96 (Enterprise Value 7.38b / Total Assets 3.76b)
Interest Expense / Debt = 1.56% (Interest Expense 101.1m / Debt 6.46b)
Taxrate = 21.0% (US default 21%)
NOPAT = 206.5m (EBIT 261.4m * (1 - 21.00%))
Current Ratio = 1.14 (Total Current Assets 699.6m / Total Current Liabilities 615.6m)
Debt / Equity = -1.86 (negative equity) (Debt 6.46b / totalStockholderEquity, last quarter -3.47b)
Debt / EBITDA = 15.78 (Net Debt 6.31b / EBITDA 399.8m)
Debt / FCF = -241.0 (out of range, set to none) (Net Debt 6.31b / FCF TTM -26.2m)
Total Stockholder Equity = -3.49b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.14% (Net Income -5.94m / Total Assets 3.76b)
RoE = 0.17% (negative equity) (Net Income TTM -5.94m / Total Stockholder Equity -3.49b)
RoCE = 16.24% (EBIT 261.4m / Capital Employed (Equity -3.49b + L.T.Debt 5.10b))
RoIC = 11.53% (NOPAT 206.5m / Invested Capital 1.79b)
WACC = 2.81% (E(1.07b)/V(7.54b) * Re(12.28%) + D(6.46b)/V(7.54b) * Rd(1.56%) * (1-Tc(0.21)))
Discount Rate = 12.28% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.94%
Fair Price DCF = unknown (Cash Flow -26.2m)
EPS Correlation: 26.26 | EPS CAGR: 11.68% | SUE: -0.12 | # QB: 0
Revenue Correlation: -77.78 | Revenue CAGR: -14.90% | SUE: 0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.11 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=2
EPS next Year (2026-12-31): EPS=-0.09 | Chg30d=+0.014 | Revisions Net=+0 | Growth EPS=-273.6% | Growth Revenue=+4.4%