You may need to look beyond shares if you are interested in the net worth of Lamar Advertising. The company has proven its ability to grow, and is a leader in its field. While the shares look pricey, they’re a solid industry leader with a solid cash flow. The company’s growth rate has kept the share price stable. Continue reading to learn more about Lamar and its net worth, as well as how it has grown.
As of 19 November 2004, Charles Lamar had a net worth of $96.1 million. During the last eighteen years, he’s sold approximately a hundred thousand shares of stock worth over $88,950,700. He has sold more than $7,185,000.900 of his LAMR stock. The last trade of his stock was on 19 November 2004, and he owns approximately nineteen million units. Below are some notable transactions Lamar made in the last 18 years.
The company was founded in 1902 and currently operates over 354,000 billboard displays across the US. Its network of billboards, also known as hoardings, is particularly impressive. Its billboards, which are prominently placed in busy urban areas, display large advertisements to passing traffic. Its large presence in this industry is likely to remain stable for a long time. Lamar also has less exposure to any one tenant than it does to other companies, with no single one accounting for more than two percent of its total revenue. Despite this, it is important to note that Lamar is a large company, with approximately 3,200 employees.
While Lamar has grown its business, its earnings have stagnated. Revenue grew from $1.50 billion in 2016 to $1.75 billion in 2019 but declined by 10.5% in 2020. Despite this growth, Lamar’s operating liquidity increased from $521.8million in 2016 to $630.9million in 2019, and decreased to $79.5 million by 2020. Meanwhile, its funds from operations increased from $475 million in 2016 to $84.9 million in 2019.