oOh media Ltd OML

Morningstar Rating

Company Report

OOh media Reports a Lower-than-Expected 2026 First-Half Result

The board of oOh media reached a binding agreement with I Squared Capital on Aug. 10, 2026, to accept the global infrastructure investor's AUD 1.68-per-share cash offer. It will be supplemented by an AUD 0.02 fully franked DPS to be paid in September 2026, following the release of interim results on Aug. 17. Given its binding nature and the board's full endorsement, we expect the deal to be completed and anticipate no resistance from the independent experts.

Price vs Fair Value

OML is trading at a LOCK|!RT@G^ premium.
Price
A$1.66
Fair Value
LOCK|!&
Uncertainty
LOCK|$W@
1-Star Price
LOCK|!J
5-Star Price
LOCK|#c
Economic Moat
LOCK|pZV
Capital Allocation
LOCK|yrF&K%@

Bulls Say, Bears Say

Bulls

Outdoor advertising is a growth medium benefiting from structural tailwinds such as increasing audience, more reliable measurement, and conversion of inventory to digital.

Bears

Renewals are likely to be renegotiated at less favorable terms, as landlords seek to share in the attractive returns that oOh media generates from digital conversion or as competitors give away more benefits to landlords.

Trading Information

Previous Close Price
—
Day Range
—–—
52-Week Range
—–—
Bid/Ask
— / —
Shares Outstanding
528.21M
Market Cap
—
Volume/Avg
— / —

Key Statistics

Price/Earnings (Normalized)
16.78
Price/Sales
1.27
Dividend Yield (Trailing)
3.60%
Dividend Yield (Forward)
3.60%
Dividend Payment Schedule
Mar, Sep
Total Yield
3.60%

Company Profile

OOh media operates a network of out-of-home advertising sites with a commanding 35% share of the Australian market, and also has a sizable presence in New Zealand. It has a diverse portfolio of locations to service the needs of out-of-home advertisers, and is particularly strong in the roadside billboard, street furniture, rail, and retail (shopping malls) segments. OOh media offers these advertising services by entering into space lease arrangements with owners of out-of-home sites, and extracting margins on those lease concessions from firms advertising on those sites. oOh!media is effectively an intermediary allowing site owners to monetize their visible space in high-traffic areas.
Sector
Communication Services
Industry
Advertising Agencies
Stock Style Box
Small Core
Total Number of Employees
832

Competitors

Valuation

Metric
OML
NEC
Price/Earnings (Normalized)
16.786.47
Price/Book Value
1.260.92
Price/Sales
1.270.50
Price/Cash Flow
4.096.73
Price/Earnings
OML
NEC

Financial Strength

Metric
OML
NEC
Quick Ratio
0.600.56
Current Ratio
0.671.39
Interest Coverage
1.58−11.51
Quick Ratio
OML
NEC

Profitability

Metric
OML
NEC
Return on Assets (Normalized)
1.38%4.07%
Return on Equity (Normalized)
3.61%9.70%
Return on Invested Capital (Normalized)
3.70%5.34%
Return on Assets
OML
NEC

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