Clear Channel Outdoor Holdings, Inc.

NYSE:CCO Stock Report

Market Cap: US$753.2m

Clear Channel Outdoor Holdings Valuation

Is CCO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CCO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CCO ($1.56) is trading below our estimate of fair value ($3.94)

Significantly Below Fair Value: CCO is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CCO?

Key metric: As CCO is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CCO. This is calculated by dividing CCO's market cap by their current revenue.
What is CCO's PS Ratio?
PS Ratio0.3x
SalesUS$2.23b
Market CapUS$753.18m

Price to Sales Ratio vs Peers

How does CCO's PS Ratio compare to its peers?

The above table shows the PS ratio for CCO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.3x
PUBM PubMatic
2.4x7.9%US$710.8m
TTGT TechTarget
3.9x7.1%US$848.1m
ADV Advantage Solutions
0.3x-2.5%US$1.0b
NCMI National CineMedia
2.6x11.8%US$643.5m
CCO Clear Channel Outdoor Holdings
0.3x4.0%US$753.2m

Price-To-Sales vs Peers: CCO is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (2.3x).

Price to Sales Ratio vs Industry

How does CCO's PS Ratio compare vs other companies in the US Media Industry?

36 CompaniesPrice / SalesEstimated GrowthMarket Cap
PARA Paramount Global
0.2x1.5%US$7.55b
DISH DISH Network
0.2x-1.3%US$3.08b
ATUS Altice USA
0.1x-2.4%US$1.09b
ADV Advantage Solutions
0.3x-2.5%US$1.03b
CCO 0.3xIndustry Avg. 0.9xNo. of Companies36PS01.22.43.64.86+
36 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CCO is good value based on its Price-To-Sales Ratio (0.3x) compared to the US Media industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is CCO's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CCO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: CCO is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CCO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$1.56
US$1.98
+26.9%
21.5%US$2.50US$1.50n/a5
Nov ’25US$1.45
US$1.98
+36.6%
21.5%US$2.50US$1.50n/a5
Oct ’25US$1.53
US$2.05
+34.0%
19.5%US$2.50US$1.50n/a5
Sep ’25US$1.50
US$2.25
+50.0%
19.9%US$2.75US$1.50n/a5
Aug ’25US$1.53
US$2.29
+49.7%
16.7%US$2.75US$1.70n/a5
Jul ’25US$1.43
US$2.23
+55.9%
21.6%US$2.75US$1.40n/a5
Jun ’25US$1.44
US$2.31
+60.4%
15.3%US$2.75US$1.80n/a5
May ’25US$1.45
US$2.29
+57.9%
15.0%US$2.75US$1.80n/a5
Apr ’25US$1.61
US$2.29
+42.2%
15.0%US$2.75US$1.80n/a5
Mar ’25US$1.79
US$2.29
+27.9%
15.0%US$2.75US$1.80n/a5
Feb ’25US$1.75
US$2.16
+23.4%
21.1%US$2.75US$1.50n/a5
Jan ’25US$1.82
US$2.10
+15.4%
24.5%US$2.75US$1.50n/a5
Dec ’24US$1.58
US$1.85
+17.1%
23.6%US$2.50US$1.50n/a5
Nov ’24US$1.09
US$1.78
+63.3%
28.0%US$2.50US$1.25US$1.455
Oct ’24US$1.58
US$1.78
+12.7%
28.0%US$2.50US$1.25US$1.535
Sep ’24US$1.52
US$1.78
+17.1%
28.0%US$2.50US$1.25US$1.505
Aug ’24US$1.80
US$1.85
+2.8%
29.1%US$2.50US$1.25US$1.535
Jul ’24US$1.37
US$1.79
+30.7%
32.9%US$2.50US$1.20US$1.435
Jun ’24US$1.25
US$1.69
+35.2%
29.3%US$2.50US$1.20US$1.445
May ’24US$1.30
US$1.99
+53.1%
33.3%US$3.00US$1.20US$1.455
Apr ’24US$1.20
US$1.99
+65.8%
33.3%US$3.00US$1.20US$1.615
Mar ’24US$1.63
US$2.13
+30.7%
25.6%US$3.00US$1.50US$1.795
Feb ’24US$1.93
US$1.92
-0.5%
37.0%US$3.00US$1.10US$1.755
Jan ’24US$1.05
US$1.92
+82.9%
37.0%US$3.00US$1.10US$1.825
Dec ’23US$1.07
US$1.92
+79.4%
37.0%US$3.00US$1.10US$1.585
Nov ’23US$1.39
US$2.28
+64.0%
31.3%US$3.25US$1.50US$1.095

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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