Explain this page
Arphra AIPlain-English read on Clear Channel Outdoor Holdings, Inc.’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Headline | ||||||||
| Market cap | — | — | — | — | — | — | — | — |
| Enterprise value | — | — | — | — | — | — | — | — |
| Multiples | ||||||||
| P / E | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
| Yields | ||||||||
| Earnings yield | — | — | — | — | — | — | — | — |
| Free cash flow yield | — | — | — | — | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin | +49.85% | +57.38% | +53.96% | +54.79% | +42.47% | +51.18% | +49.67% | +50.01% |
| Operating margin | +3.32% | +18.52% | +15.12% | +18.55% | +18.97% | +17.58% | +17.99% | +17.03% |
| EBITDA margin | +18.46% | +39.70% | +33.00% | +29.39% | +29.41% | +30.99% | +30.78% | +30.31% |
| EBIT margin | -2.58% | +18.46% | +14.99% | +17.83% | +18.51% | +17.39% | +17.41% | +17.43% |
| Pre-tax margin | -22.31% | -5.72% | -12.77% | -8.84% | -6.16% | -9.05% | -9.05% | -9.30% |
| Net margin | -24.53% | -6.99% | -21.68% | -11.91% | -6.52% | -13.56% | -13.10% | -13.60% |
| Cost structure | ||||||||
| Cost of revenue / sales | +50.15% | +42.62% | +46.04% | +45.21% | +57.53% | +49.99% | +49.42% | +49.72% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +27.58% | +16.74% | +16.42% | +24.78% | +16.36% | +19.15% | +19.03% | +19.21% |
| Effective tax rate | — | — | — | — | — | — | — | — |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Returns | ||||||||
| Return on equity (ROE) | +13.58% | +2.96% | +9.01% | +4.92% | +3.09% | +5.66% | +5.51% | +5.78% |
| Return on assets (ROA) | -8.19% | -1.90% | -6.58% | -3.73% | -2.73% | -4.47% | -4.55% | -4.73% |
| Return on capital (ROC) | +1.46% | +6.83% | +5.82% | +8.25% | +9.86% | +7.68% | +7.74% | +8.03% |
| Return on invested capital (ROIC) | +1.09% | +5.12% | +4.37% | +6.19% | +7.39% | +5.76% | +5.81% | +6.02% |
| Asset turnover | +33.38% | +27.16% | +30.37% | +31.33% | +41.90% | +32.97% | +34.74% | +34.81% |
| DuPont · ROE decomposition | ||||||||
| Net margin | -24.53% | -6.99% | -21.68% | -11.91% | -6.52% | -13.56% | -13.10% | -13.60% |
| Asset turnover (× revenue / assets) | +33.38% | +27.16% | +30.37% | +31.33% | +41.90% | +32.97% | +34.74% | +34.81% |
| Equity multiplier (× assets / equity) | -165.92% | -155.88% | -136.85% | -131.99% | -113.19% | -126.64% | -121.13% | -122.11% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Asset turnover | 0.33 | 0.27 | 0.30 | 0.31 | 0.42 | 0.33 | 0.35 | 0.35 |
| Fixed-asset turnover | 0.74 | 0.67 | 0.66 | 0.84 | 1.10 | — | — | — |
| Inventory turnover | — | — | — | — | — | — | — | — |
| Receivables turnover | 2.75 | 3.05 | 2.87 | 4.37 | 4.32 | — | — | — |
| Payables turnover | 8.17 | 8.02 | 10.38 | 17.55 | 28.74 | — | — | — |
| Days outstanding | ||||||||
| Days sales outstanding (DSO) | 132.71 | 119.86 | 127.20 | 83.44 | 84.50 | — | — | — |
| Days inventory outstanding (DIO) | — | — | — | — | — | — | — | — |
| Days payables outstanding (DPO) | 44.67 | 45.52 | 35.15 | 20.79 | 12.70 | — | — | — |
| Cash conversion cycle | 88.04 | 74.34 | 92.05 | 62.65 | 71.80 | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 0.31 | -1.45 | -0.10 | -0.44 | -1.10 | -0.37 | -0.36 | -0.36 |
| FCF / Net income | 0.65 | 0.46 | 0.44 | 0.35 | -0.31 | 0.28 | 0.29 | 0.28 |
| FCF margin | -15.92% | -3.23% | -9.44% | -4.16% | +1.99% | -3.77% | -3.82% | -3.84% |
| OCF margin | -7.55% | +10.13% | +2.18% | +5.30% | +7.16% | +5.02% | +4.74% | +4.93% |
| CapEx / Revenue | +8.37% | +13.37% | +11.62% | +9.46% | +5.17% | +8.59% | +8.83% | +9.01% |
| CapEx / D&A | 0.40 | 0.63 | 0.64 | 0.59 | 0.47 | — | — | — |
| Stock-based comp / Revenue | +1.10% | +1.53% | +1.43% | +1.74% | +1.60% | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| EPS · diluted | -0.92 | -0.20 | -0.65 | -0.37 | -0.21 | -0.07 | 0.01 | 0.07 |
| EPS · basic | -0.92 | -0.20 | -0.65 | -0.37 | -0.21 | -0.07 | 0.01 | 0.07 |
| Book value / share | -6.82 | -6.88 | -7.16 | -7.44 | -6.79 | -8.24 | -8.47 | -8.63 |
| Tangible BV / share | -10.42 | -10.30 | -10.40 | -10.18 | -8.22 | -8.24 | -8.47 | -8.63 |
| Sales / share | 3.78 | 2.91 | 2.98 | 3.08 | 3.22 | 3.44 | 3.56 | 3.67 |
| Operating CF / share | -0.28 | 0.30 | 0.06 | 0.16 | 0.23 | 0.17 | 0.17 | 0.18 |
| Free cash flow / share | -0.60 | -0.09 | -0.28 | -0.13 | 0.06 | -0.13 | -0.14 | -0.14 |
| Dividends / share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Payout ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Retention ratio | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 7y CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Top-line | |||||||||
| Revenue · YoY | — | -21.89% | +3.81% | +4.95% | +6.57% | +5.91% | +3.92% | +4.42% | +0.59% |
| Gross profit · YoY | — | -10.09% | -2.39% | +6.56% | -17.39% | +27.62% | +0.86% | +5.14% | +0.64% |
| Profit | |||||||||
| Operating income · YoY | — | +335.18% | -15.26% | +28.77% | +9.02% | -1.89% | +6.34% | -1.16% | +27.03% |
| EBITDA · YoY | — | +67.97% | -13.70% | -6.52% | +6.64% | +11.60% | +3.20% | +2.83% | +7.98% |
| Net income · YoY | — | +77.73% | -221.85% | +42.35% | +41.62% | -120.08% | -0.42% | -8.42% | — |
| Operating | |||||||||
| EBIT · YoY | — | +659.28% | -15.74% | +24.89% | +10.59% | -0.46% | +4.06% | +4.53% | — |
| R&D · YoY | — | — | — | — | — | — | — | — | — |
| Per-share | |||||||||
| EPS · diluted · YoY | — | +78.26% | -225.00% | +43.08% | +43.24% | +65.83% | +111.00% | +733.54% | — |
| EPS · basic · YoY | — | +78.26% | -225.00% | +43.08% | +43.24% | +65.86% | +111.08% | +721.46% | — |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Leverage | ||||||||
| Total debt | $7.23B | $7.01B | $7.17B | $7.02B | $6.47B | $7.96B | $8.3B | $8.25B |
| Net debt | $6.82B | $6.73B | $6.92B | $6.91B | $6.28B | $7.74B | $8.08B | $8.02B |
| Net debt / EBITDA | 20.89 | 12.27 | 14.63 | 15.63 | 13.31 | 14.71 | 14.86 | 14.35 |
| Debt / equity | -2.26 | -2.15 | -2.08 | -1.93 | -1.91 | -1.96 | -1.98 | -1.90 |
| Debt / assets | +136.48% | +137.86% | +151.93% | +146.17% | +169.00% | +154.41% | +163.25% | +155.74% |
| Equity / assets | -60.27% | -64.15% | -73.07% | -75.76% | -88.35% | -78.96% | -82.56% | -81.90% |
| Coverage | ||||||||
| EBITDA / interest expense | 0.94 | 1.64 | 1.12 | 1.10 | 1.19 | 1.18 | 1.13 | 1.11 |
| Operating income / interest | 0.17 | 0.77 | 0.51 | 0.70 | 0.77 | 0.67 | 0.66 | 0.62 |
| Interest expense | $349M | $334.06M | $421.43M | $401.54M | $395.65M | $445.34M | $482.31M | $503.42M |
| Liquidity | ||||||||
| Current ratio | 1.02 | 1.00 | 1.08 | 1.30 | 1.28 | — | — | — |
| Quick ratio | 0.95 | 0.66 | 0.85 | 0.36 | 0.91 | — | — | — |
| Cash ratio | 0.37 | 0.25 | 0.28 | 0.09 | 0.31 | — | — | — |
| Working capital | $21.58M | -$624K | $73.67M | $387.07M | $175.1M | — | — | — |
| Working capital / revenue | +1.22% | -0.05% | +5.14% | +25.71% | +10.92% | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).