BXP INC (BXP) Stock Fundamental Analysis
NYSE:BXP - New York Stock Exchange, Inc. - US1011211018 - REIT
Overall BXP gets a fundamental rating of 4 out of 10. We evaluated BXP against 130 industry peers in the Diversified REITs industry. BXP has a medium profitability rating, but doesn't score so well on its financial health evaluation. BXP does not seem to be growing, but still is valued expensively. 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.
Each year in the past 5 years BXP has been profitable.
Each year in the past 5 years BXP had a positive operating cash flow.
1.2 Ratios
The Return On Assets of BXP (1.37%) is better than 60.63% of its industry peers.
BXP has a better Return On Equity (6.30%) than 78.74% of its industry peers.
BXP's Return On Invested Capital of 3.20% is fine compared to the rest of the industry. BXP outperforms 61.42% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BXP is in line with the industry average of 3.10%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.37% | ||
| ROE | 6.3% | ||
| ROIC | 3.2% |
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
Looking at the Profit Margin, with a value of 10.75%, BXP is in line with its industry, outperforming 59.84% of the companies in the same industry.
BXP's Profit Margin has declined in the last couple of years.
BXP has a Operating Margin of 30.30%. This is in the better half of the industry: BXP outperforms 65.35% of its industry peers.
BXP's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 61.07%, BXP is doing worse than 69.29% of the companies in the same industry.
BXP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.3% | ||
| PM (TTM) | 10.75% | ||
| GM | 61.07% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BXP is destroying value.
BXP has about the same amout of shares outstanding than it did 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 0.60, we must say that BXP is in the distress zone and has some risk of bankruptcy.
BXP has a Altman-Z score (0.60) which is comparable to the rest of the industry.
BXP has a debt to FCF ratio of 95.82. This is a negative value and a sign of low solvency as BXP would need 95.82 years to pay back of all of its debts.
BXP has a Debt to FCF ratio of 95.82. This is comparable to the rest of the industry: BXP outperforms 49.61% of its industry peers.
A Debt/Equity ratio of 2.88 is on the high side and indicates that BXP has dependencies on debt financing.
BXP has a worse Debt to Equity ratio (2.88) than 81.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.88 | ||
| Debt/FCF | 95.82 | ||
| Altman-Z | 0.6 |
ROIC/WACC0.57
WACC5.59%
2.3 Liquidity
A Current Ratio of 1.91 indicates that BXP should not have too much problems paying its short term obligations.
BXP has a better Current ratio (1.91) than 70.87% of its industry peers.
A Quick Ratio of 1.91 indicates that BXP should not have too much problems paying its short term obligations.
The Quick ratio of BXP (1.91) is better than 74.02% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.91 | ||
| Quick Ratio | 1.91 |
3. Growth
3.1 Past
The earnings per share for BXP have decreased strongly by -10.81% in the last year.
Measured over the past years, BXP shows a decrease in Earnings Per Share. The EPS has been decreasing by -7.13% on average per year.
BXP shows a small growth in Revenue. In the last year, the Revenue has grown by 4.44%.
BXP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.80% yearly.
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
Based on estimates for the next years, BXP will show a small growth in Earnings Per Share. The EPS will grow by 3.69% on average per year.
Based on estimates for the next years, BXP will show a small growth in Revenue. The Revenue will grow by 3.19% on average per year.
EPS Next Y-20.52%
EPS Next 2Y-18.54%
EPS Next 3Y-9.72%
EPS Next 5Y3.69%
Revenue Next Year4.2%
Revenue Next 2Y2.9%
Revenue Next 3Y3.12%
Revenue Next 5Y3.19%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 31.68 indicates a quite expensive valuation of BXP.
64.57% of the companies in the same industry are more expensive than BXP, based on the Price/Earnings ratio.
BXP's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.96.
BXP is valuated quite expensively with a Price/Forward Earnings ratio of 42.92.
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 24.11, BXP is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.68 | ||
| Fwd PE | 42.92 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as BXP.
The rest of the industry has a similar Price/Free Cash Flow ratio as BXP.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 66.85 | ||
| EV/EBITDA | 13.77 |
4.3 Compensation for Growth
A cheap valuation may be justified as BXP's earnings are expected to decrease with -9.72% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-18.54%
EPS Next 3Y-9.72%
5. Dividend
5.1 Amount
BXP has a Yearly Dividend Yield of 5.41%, which is a nice return.
BXP's Dividend Yield is comparable with the industry average which is at 15.16.
BXP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.41% |
5.2 History
The dividend of BXP has a limited annual growth rate of 2.81%.
BXP has paid a dividend for at least 10 years, which is a reliable track record.
BXP has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)2.81%
Div Incr Years0
Div Non Decr Years13
5.3 Sustainability
BXP pays out 190.10% of its income as dividend. This is not a sustainable payout ratio.
The dividend of BXP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP190.1%
EPS Next 2Y-18.54%
EPS Next 3Y-9.72%
BXP INC
NYSE:BXP (1/17/2025, 8:04:01 PM)
After market: 73.19 0 (0%)73.19
+0.75 (+1.04%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners103.03%
Inst Owner Change-0.06%
Ins Owners0.2%
Ins Owner Change-0.1%
Market Cap11.57B
Analysts70.77
Price Target86.64 (18.38%)
Short Float %4.63%
Short Ratio5.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.41% |
Yearly Dividend4.38
Dividend Growth(5Y)2.81%
DP190.1%
Div Incr Years0
Div Non Decr Years13
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.77%
Min EPS beat(2)-3.05%
Max EPS beat(2)6.59%
EPS beat(4)3
Avg EPS beat(4)6.82%
Min EPS beat(4)-3.05%
Max EPS beat(4)22.24%
EPS beat(8)5
Avg EPS beat(8)6.03%
EPS beat(12)9
Avg EPS beat(12)41.47%
EPS beat(16)12
Avg EPS beat(16)31.24%
Revenue beat(2)2
Avg Revenue beat(2)2.4%
Min Revenue beat(2)1.93%
Max Revenue beat(2)2.87%
Revenue beat(4)4
Avg Revenue beat(4)2.07%
Min Revenue beat(4)0.71%
Max Revenue beat(4)2.87%
Revenue beat(8)8
Avg Revenue beat(8)1.68%
Revenue beat(12)11
Avg Revenue beat(12)1.68%
Revenue beat(16)14
Avg Revenue beat(16)1.3%
PT rev (1m)1.33%
PT rev (3m)13.17%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-16.67%
EPS NY rev (1m)-2.84%
EPS NY rev (3m)-5.49%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.8%
Revenue NY rev (1m)0.41%
Revenue NY rev (3m)0.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.68 | ||
| Fwd PE | 42.92 | ||
| P/S | 3.43 | ||
| P/FCF | 66.85 | ||
| P/OCF | 9.35 | ||
| P/B | 2.01 | ||
| P/tB | 2.01 | ||
| EV/EBITDA | 13.77 |
EPS(TTM)2.31
EY3.16%
EPS(NY)1.71
Fwd EY2.33%
FCF(TTM)1.09
FCFY1.5%
OCF(TTM)7.83
OCFY10.7%
SpS21.37
BVpS36.43
TBVpS36.43
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.37% | ||
| ROE | 6.3% | ||
| ROCE | 4.13% | ||
| ROIC | 3.2% | ||
| ROICexc | 3.39% | ||
| ROICexgc | 3.39% | ||
| OM | 30.3% | ||
| PM (TTM) | 10.75% | ||
| GM | 61.07% | ||
| FCFM | 5.12% |
ROA(3y)2.15%
ROA(5y)2.53%
ROE(3y)8.52%
ROE(5y)9.79%
ROIC(3y)3.48%
ROIC(5y)3.55%
ROICexc(3y)3.62%
ROICexc(5y)3.71%
ROICexgc(3y)3.62%
ROICexgc(5y)3.71%
ROCE(3y)4.41%
ROCE(5y)4.49%
ROICexcg growth 3Y-0.06%
ROICexcg growth 5Y-1.67%
ROICexc growth 3Y-0.06%
ROICexc growth 5Y-1.67%
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%
F-Score6
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.88 | ||
| Debt/FCF | 95.82 | ||
| Debt/EBITDA | 8.75 | ||
| Cap/Depr | 121.93% | ||
| Cap/Sales | 31.52% | ||
| Interest Coverage | 1.56 | ||
| Cash Conversion | 65.26% | ||
| Profit Quality | 47.68% | ||
| Current Ratio | 1.91 | ||
| Quick Ratio | 1.91 | ||
| Altman-Z | 0.6 |
F-Score6
WACC5.59%
ROIC/WACC0.57
Cap/Depr(3y)193%
Cap/Depr(5y)178.76%
Cap/Sales(3y)47.45%
Cap/Sales(5y)43.43%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-10.81%
EPS 3Y-24.15%
EPS 5Y-7.13%
EPS Q2Q%-18.46%
EPS Next Y-20.52%
EPS Next 2Y-18.54%
EPS Next 3Y-9.72%
EPS Next 5Y3.69%
Revenue 1Y (TTM)4.44%
Revenue growth 3Y5.78%
Revenue growth 5Y3.8%
Sales Q2Q%4.24%
Revenue Next Year4.2%
Revenue Next 2Y2.9%
Revenue Next 3Y3.12%
Revenue Next 5Y3.19%
EBIT growth 1Y-1.18%
EBIT growth 3Y4.63%
EBIT growth 5Y2.3%
EBIT Next Year86.49%
EBIT Next 3Y24.54%
EBIT Next 5Y15.1%
FCF growth 1Y118.68%
FCF growth 3Y25.46%
FCF growth 5Y38.18%
OCF growth 1Y-1.65%
OCF growth 3Y4.01%
OCF growth 5Y2.5%