BXP INC (BXP)
US1011211018 - REIT
We assign a fundamental rating of 4 out of 10 to BXP. BXP was compared to 129 industry peers in the Diversified REITs industry. While BXP is still in line with the averages on profitability rating, there are concerns on its financial health. BXP has a expensive valuation and it also scores bad on growth. Finally BXP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year BXP was profitable.
BXP had a positive operating cash flow in the past year.
In the past 5 years BXP has always been profitable.
BXP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 0.66%, BXP perfoms like the industry average, outperforming 51.18% of the companies in the same industry.
The Return On Equity of BXP (2.89%) is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 3.34%, BXP is in the better half of the industry, outperforming 66.93% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for BXP is in line with the industry average of 3.07%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.66% | ||
| ROE | 2.89% | ||
| ROIC | 3.34% |
ROA(3y)2.15%
ROA(5y)2.53%
ROE(3y)8.52%
ROE(5y)9.79%
ROIC(3y)3.48%
ROIC(5y)3.55%
1.3 Margins
The Profit Margin of BXP (5.01%) is comparable to the rest of the industry.
BXP's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 30.94%, BXP is doing good in the industry, outperforming 67.72% of the companies in the same industry.
In the last couple of years the Operating Margin of BXP has remained more or less at the same level.
BXP's Gross Margin of 61.51% is on the low side compared to the rest of the industry. BXP is outperformed by 68.50% of its industry peers.
BXP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.94% | ||
| PM (TTM) | 5.01% | ||
| GM | 61.51% |
OM growth 3Y-1.09%
OM growth 5Y-1.44%
PM growth 3Y-42.88%
PM growth 5Y-22.71%
GM growth 3Y-0.01%
GM growth 5Y-0.02%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BXP is destroying value.
The number of shares outstanding for BXP remains at a similar level compared to 1 year ago.
The number of shares outstanding for BXP has been increased compared to 5 years ago.
Compared to 1 year ago, BXP has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.63, we must say that BXP is in the distress zone and has some risk of bankruptcy.
BXP has a Altman-Z score of 0.63. This is comparable to the rest of the industry: BXP outperforms 50.39% of its industry peers.
BXP has a debt to FCF ratio of 86.19. This is a negative value and a sign of low solvency as BXP would need 86.19 years to pay back of all of its debts.
BXP's Debt to FCF ratio of 86.19 is in line compared to the rest of the industry. BXP outperforms 55.12% of its industry peers.
A Debt/Equity ratio of 2.71 is on the high side and indicates that BXP has dependencies on debt financing.
With a Debt to Equity ratio value of 2.71, BXP is not doing good in the industry: 81.89% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.71 | ||
| Debt/FCF | 86.19 | ||
| Altman-Z | 0.63 |
ROIC/WACC0.6
WACC5.62%
2.3 Liquidity
BXP has a Current Ratio of 1.48. This is a normal value and indicates that BXP is financially healthy and should not expect problems in meeting its short term obligations.
BXP has a better Current ratio (1.48) than 62.99% of its industry peers.
BXP has a Quick Ratio of 1.48. This is a normal value and indicates that BXP is financially healthy and should not expect problems in meeting its short term obligations.
BXP has a better Quick ratio (1.48) than 64.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.48 | ||
| Quick Ratio | 1.48 |
3. Growth
3.1 Past
The earnings per share for BXP have decreased strongly by -10.81% in the last year.
The Earnings Per Share has been decreasing by -7.13% on average over the past years.
BXP shows a small growth in Revenue. In the last year, the Revenue has grown by 4.44%.
The Revenue has been growing slightly by 3.80% on average over the past years.
EPS 1Y (TTM)-10.81%
EPS 3Y-24.15%
EPS 5Y-7.13%
EPS Q2Q%-18.46%
Revenue 1Y (TTM)4.44%
Revenue growth 3Y5.78%
Revenue growth 5Y3.8%
Sales Q2Q%4.24%
3.2 Future
BXP is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.76% yearly.
BXP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.51% yearly.
EPS Next Y-17.8%
EPS Next 2Y-14.3%
EPS Next 3Y-6.76%
EPS Next 5Y4.76%
Revenue Next Year3.77%
Revenue Next 2Y2.66%
Revenue Next 3Y2.94%
Revenue Next 5Y2.51%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
BXP is valuated quite expensively with a Price/Earnings ratio of 34.00.
Based on the Price/Earnings ratio, BXP is valued a bit cheaper than 61.42% of the companies in the same industry.
When comparing the Price/Earnings ratio of BXP to the average of the S&P500 Index (28.53), we can say BXP is valued inline with the index average.
With a Price/Forward Earnings ratio of 41.60, BXP can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, BXP is valued a bit cheaper than the industry average as 66.14% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.40, BXP is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34 | ||
| Fwd PE | 41.6 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BXP is on the same level as its industry peers.
The rest of the industry has a similar Price/Free Cash Flow ratio as BXP.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 67.92 | ||
| EV/EBITDA | 14.33 |
4.3 Compensation for Growth
BXP's earnings are expected to decrease with -6.76% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-14.3%
EPS Next 3Y-6.76%
5. Dividend
5.1 Amount
BXP has a Yearly Dividend Yield of 4.93%, which is a nice return.
Compared to an average industry Dividend Yield of 6.34, BXP has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.22, BXP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.93% |
5.2 History
The dividend of BXP has a limited annual growth rate of 2.81%.
BXP has been paying a dividend for at least 10 years, so it has a reliable track record.
BXP has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.81%
Div Incr Years0
Div Non Decr Years13
5.3 Sustainability
BXP pays out 411.09% of its income as dividend. This is not a sustainable payout ratio.
BXP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP411.09%
EPS Next 2Y-14.3%
EPS Next 3Y-6.76%
BXP INC
NYSE:BXP (11/15/2024, 8:04:01 PM)
After market: 78.53 0 (0%)78.53
-0.94 (-1.18%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap12.42B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.93% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(8)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34 | ||
| Fwd PE | 41.6 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.66% | ||
| ROE | 2.89% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 30.94% | ||
| PM (TTM) | 5.01% | ||
| GM | 61.51% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.71 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.48 | ||
| Quick Ratio | 1.48 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-10.81%
EPS 3Y-24.15%
EPS 5Y
EPS Q2Q%
EPS Next Y-17.8%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)4.44%
Revenue growth 3Y5.78%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y