BROADSTONE NET LEASE INC (BNL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BNL - US11135E2037 - REIT
17.52 USD
+0.07 (+0.4%)
17.52 USD
0 (0%)
BNL gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 128 industry peers in the Diversified REITs industry. While BNL has a great profitability rating, there are some minor concerns on its financial health. BNL does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
BNL had positive earnings in the past year.
In the past year BNL had a positive cash flow from operations.
BNL had positive earnings in each of the past 5 years.
Each year in the past 5 years BNL had a positive operating cash flow.
1.2 Ratios
The Return On Assets of BNL (1.60%) is comparable to the rest of the industry.
With a Return On Equity value of 3.07%, BNL perfoms like the industry average, outperforming 54.69% of the companies in the same industry.
BNL's Return On Invested Capital of 3.22% is fine compared to the rest of the industry. BNL outperforms 61.72% of its industry peers.
BNL had an Average Return On Invested Capital over the past 3 years of 3.20%. This is in line with the industry average of 3.05%.
The 3 year average ROIC (3.20%) for BNL is below the current ROIC(3.22%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.6% | ||
| ROE | 3.07% | ||
| ROIC | 3.22% |
ROA(3y)2.75%
ROA(5y)2.33%
ROE(3y)4.79%
ROE(5y)4.11%
ROIC(3y)3.2%
ROIC(5y)3.14%
1.3 Margins
BNL's Profit Margin of 19.76% is fine compared to the rest of the industry. BNL outperforms 67.19% of its industry peers.
In the last couple of years the Profit Margin of BNL has grown nicely.
BNL has a better Operating Margin (49.18%) than 90.63% of its industry peers.
In the last couple of years the Operating Margin of BNL has remained more or less at the same level.
BNL has a Gross Margin of 86.87%. This is amongst the best in the industry. BNL outperforms 88.28% of its industry peers.
BNL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 49.18% | ||
| PM (TTM) | 19.76% | ||
| GM | 86.87% |
OM growth 3Y-1.4%
OM growth 5Y1.29%
PM growth 3Y11.92%
PM growth 5Y7.05%
GM growth 3Y0.06%
GM growth 5Y0.13%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BNL is destroying value.
Compared to 1 year ago, BNL has more shares outstanding
Compared to 5 years ago, BNL has more shares outstanding
BNL has a worse debt/assets ratio than last year.
2.2 Solvency
BNL has an Altman-Z score of 0.84. This is a bad value and indicates that BNL is not financially healthy and even has some risk of bankruptcy.
BNL has a better Altman-Z score (0.84) than 68.75% of its industry peers.
BNL has a Debt/Equity ratio of 0.81. This is a neutral value indicating BNL is somewhat dependend on debt financing.
BNL has a Debt to Equity ratio of 0.81. This is in the better half of the industry: BNL outperforms 72.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.84 |
ROIC/WACC0.48
WACC6.69%
2.3 Liquidity
A Current Ratio of 2.15 indicates that BNL has no problem at all paying its short term obligations.
BNL has a Current ratio of 2.15. This is amongst the best in the industry. BNL outperforms 84.38% of its industry peers.
BNL has a Quick Ratio of 2.15. This indicates that BNL is financially healthy and has no problem in meeting its short term obligations.
BNL's Quick ratio of 2.15 is amongst the best of the industry. BNL outperforms 84.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.15 | ||
| Quick Ratio | 2.15 |
3. Growth
3.1 Past
BNL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -38.16%.
The Earnings Per Share has been growing by 9.96% on average over the past years. This is quite good.
Looking at the last year, BNL shows a small growth in Revenue. The Revenue has grown by 5.49% in the last year.
Measured over the past years, BNL shows a small growth in Revenue. The Revenue has been growing by 7.64% on average per year.
EPS 1Y (TTM)-38.16%
EPS 3Y9.65%
EPS 5Y9.96%
EPS Q2Q%-26.32%
Revenue 1Y (TTM)5.49%
Revenue growth 3Y4.09%
Revenue growth 5Y7.64%
Sales Q2Q%5.32%
3.2 Future
BNL is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -6.98% yearly.
Based on estimates for the next years, BNL will show a small growth in Revenue. The Revenue will grow by 4.62% on average per year.
EPS Next Y-41.66%
EPS Next 2Y-14.99%
EPS Next 3Y-6.02%
EPS Next 5Y-6.98%
Revenue Next Year5.81%
Revenue Next 2Y6.54%
Revenue Next 3Y7.68%
Revenue Next 5Y4.62%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 37.28, which means the current valuation is very expensive for BNL.
The rest of the industry has a similar Price/Earnings ratio as BNL.
Compared to an average S&P500 Price/Earnings ratio of 26.26, BNL is valued a bit more expensive.
The Price/Forward Earnings ratio is 27.87, which means the current valuation is very expensive for BNL.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BNL indicates a somewhat cheap valuation: BNL is cheaper than 79.69% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.68, BNL is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.28 | ||
| Fwd PE | 27.87 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as BNL.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.59 |
4.3 Compensation for Growth
The decent profitability rating of BNL may justify a higher PE ratio.
A cheap valuation may be justified as BNL's earnings are expected to decrease with -6.02% in the coming years.
PEG (NY)N/A
PEG (5Y)3.74
EPS Next 2Y-14.99%
EPS Next 3Y-6.02%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.57%, BNL is a good candidate for dividend investing.
BNL's Dividend Yield is a higher than the industry average which is at 6.20.
Compared to an average S&P500 Dividend Yield of 1.87, BNL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.57% |
5.2 History
BNL has been paying a dividend for over 5 years, so it has already some track record.
BNL has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
247.00% of the earnings are spent on dividend by BNL. This is not a sustainable payout ratio.
DP247%
EPS Next 2Y-14.99%
EPS Next 3Y-6.02%
17.52
+0.07 (+0.4%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners86.29%
Inst Owner Change-0.6%
Ins Owners0.88%
Ins Owner Change0%
Market Cap3.32B
Revenue(TTM)447.97M
Net Income(TTM)88.54M
Analysts80
Price Target20.85 (19.01%)
Short Float %2.73%
Short Ratio2.83
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.57% |
Yearly Dividend1.15
Dividend Growth(5Y)N/A
DP247%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-23.63%
Min EPS beat(2)-41.76%
Max EPS beat(2)-5.49%
EPS beat(4)0
Avg EPS beat(4)-31.41%
Min EPS beat(4)-48.59%
Max EPS beat(4)-5.49%
EPS beat(8)2
Avg EPS beat(8)-13.4%
EPS beat(12)6
Avg EPS beat(12)8.49%
EPS beat(16)9
Avg EPS beat(16)10.75%
Revenue beat(2)1
Avg Revenue beat(2)0.04%
Min Revenue beat(2)-0.49%
Max Revenue beat(2)0.57%
Revenue beat(4)2
Avg Revenue beat(4)-0.68%
Min Revenue beat(4)-3.17%
Max Revenue beat(4)0.57%
Revenue beat(8)3
Avg Revenue beat(8)-1.35%
Revenue beat(12)5
Avg Revenue beat(12)-0.69%
Revenue beat(16)6
Avg Revenue beat(16)-0.65%
PT rev (1m)4.84%
PT rev (3m)6.01%
EPS NQ rev (1m)2.38%
EPS NQ rev (3m)-14%
EPS NY rev (1m)-6.94%
EPS NY rev (3m)-21.24%
Revenue NQ rev (1m)1.36%
Revenue NQ rev (3m)2.05%
Revenue NY rev (1m)0.34%
Revenue NY rev (3m)0.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.28 | ||
| Fwd PE | 27.87 | ||
| P/S | 7.4 | ||
| P/FCF | N/A | ||
| P/OCF | 11.89 | ||
| P/B | 1.15 | ||
| P/tB | 1.46 | ||
| EV/EBITDA | 14.59 |
EPS(TTM)0.47
EY2.68%
EPS(NY)0.63
Fwd EY3.59%
FCF(TTM)-1.01
FCFYN/A
OCF(TTM)1.47
OCFY8.41%
SpS2.37
BVpS15.24
TBVpS12.01
PEG (NY)N/A
PEG (5Y)3.74
Graham Number12.7
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.6% | ||
| ROE | 3.07% | ||
| ROCE | 4.08% | ||
| ROIC | 3.22% | ||
| ROICexc | 3.27% | ||
| ROICexgc | 3.72% | ||
| OM | 49.18% | ||
| PM (TTM) | 19.76% | ||
| GM | 86.87% | ||
| FCFM | N/A |
ROA(3y)2.75%
ROA(5y)2.33%
ROE(3y)4.79%
ROE(5y)4.11%
ROIC(3y)3.2%
ROIC(5y)3.14%
ROICexc(3y)3.21%
ROICexc(5y)3.16%
ROICexgc(3y)3.71%
ROICexgc(5y)3.68%
ROCE(3y)4.05%
ROCE(5y)3.97%
ROICexgc growth 3Y-1.95%
ROICexgc growth 5Y4.16%
ROICexc growth 3Y-1.44%
ROICexc growth 5Y3.2%
OM growth 3Y-1.4%
OM growth 5Y1.29%
PM growth 3Y11.92%
PM growth 5Y7.05%
GM growth 3Y0.06%
GM growth 5Y0.13%
F-Score6
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.14 | ||
| Cap/Depr | 291.73% | ||
| Cap/Sales | 104.76% | ||
| Interest Coverage | 2.72 | ||
| Cash Conversion | 73.15% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.15 | ||
| Quick Ratio | 2.15 | ||
| Altman-Z | 0.84 |
F-Score6
WACC6.69%
ROIC/WACC0.48
Cap/Depr(3y)331.73%
Cap/Depr(5y)318.61%
Cap/Sales(3y)119.74%
Cap/Sales(5y)113.26%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-38.16%
EPS 3Y9.65%
EPS 5Y9.96%
EPS Q2Q%-26.32%
EPS Next Y-41.66%
EPS Next 2Y-14.99%
EPS Next 3Y-6.02%
EPS Next 5Y-6.98%
Revenue 1Y (TTM)5.49%
Revenue growth 3Y4.09%
Revenue growth 5Y7.64%
Sales Q2Q%5.32%
Revenue Next Year5.81%
Revenue Next 2Y6.54%
Revenue Next 3Y7.68%
Revenue Next 5Y4.62%
EBIT growth 1Y4.31%
EBIT growth 3Y2.63%
EBIT growth 5Y9.03%
EBIT Next Year98.85%
EBIT Next 3Y33.83%
EBIT Next 5YN/A
FCF growth 1Y-29.2%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y2.93%
OCF growth 3Y4.1%
OCF growth 5Y13.39%
BROADSTONE NET LEASE INC / BNL FAQ
What is the ChartMill fundamental rating of BROADSTONE NET LEASE INC (BNL) stock?
ChartMill assigns a fundamental rating of 4 / 10 to BNL.
What is the valuation status for BNL stock?
ChartMill assigns a valuation rating of 2 / 10 to BROADSTONE NET LEASE INC (BNL). This can be considered as Overvalued.
Can you provide the profitability details for BROADSTONE NET LEASE INC?
BROADSTONE NET LEASE INC (BNL) has a profitability rating of 7 / 10.
How financially healthy is BROADSTONE NET LEASE INC?
The financial health rating of BROADSTONE NET LEASE INC (BNL) is 4 / 10.
What is the expected EPS growth for BROADSTONE NET LEASE INC (BNL) stock?
The Earnings per Share (EPS) of BROADSTONE NET LEASE INC (BNL) is expected to decline by -41.66% in the next year.