BXP INC (BXP) Stock Fundamental Analysis
USA - NYSE:BXP - US1011211018 - REIT
76.43 USD
-2.5 (-3.17%)
76.43 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to BXP. BXP was compared to 130 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.
1. Profitability
1.1 Basic Checks
In the past year BXP was profitable.
BXP had a positive operating cash flow in the past year.
BXP had positive earnings in each of the past 5 years.
In the past 5 years BXP always reported a positive cash flow from operatings.
1.2 Ratios
BXP has a Return On Assets of 0.02%. This is comparable to the rest of the industry: BXP outperforms 43.08% of its industry peers.
BXP's Return On Equity of 0.09% is in line compared to the rest of the industry. BXP outperforms 43.08% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.33%, BXP is in the better half of the industry, outperforming 63.85% of the companies in the same industry.
BXP had an Average Return On Invested Capital over the past 3 years of 3.37%. This is in line with the industry average of 3.05%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.02% | ||
| ROE | 0.09% | ||
| ROIC | 3.33% |
ROA(3y)1.43%
ROA(5y)2.06%
ROE(3y)5.78%
ROE(5y)8.04%
ROIC(3y)3.37%
ROIC(5y)3.39%
1.3 Margins
Looking at the Profit Margin, with a value of 0.14%, BXP is in line with its industry, outperforming 43.08% of the companies in the same industry.
BXP's Profit Margin has declined in the last couple of years.
The Operating Margin of BXP (29.84%) is better than 63.08% of its industry peers.
BXP's Operating Margin has declined in the last couple of years.
BXP has a Gross Margin of 60.37%. This is in the lower half of the industry: BXP underperforms 67.69% of its industry peers.
In the last couple of years the Gross Margin of BXP has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.84% | ||
| PM (TTM) | 0.14% | ||
| GM | 60.37% |
OM growth 3Y-3.8%
OM growth 5Y-3.26%
PM growth 3Y-71%
PM growth 5Y-52.47%
GM growth 3Y-1.62%
GM growth 5Y-0.75%
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 has been increased 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
BXP has an Altman-Z score of 0.56. This is a bad value and indicates that BXP is not financially healthy and even has some risk of bankruptcy.
BXP has a Altman-Z score (0.56) which is comparable to the rest of the industry.
The Debt to FCF ratio of BXP is 329.23, which is on the high side as it means it would take BXP, 329.23 years of fcf income to pay off all of its debts.
BXP's Debt to FCF ratio of 329.23 is in line compared to the rest of the industry. BXP outperforms 55.38% of its industry peers.
A Debt/Equity ratio of 3.08 is on the high side and indicates that BXP has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 3.08, BXP is doing worse than 80.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.08 | ||
| Debt/FCF | 329.23 | ||
| Altman-Z | 0.56 |
ROIC/WACC0.52
WACC6.43%
2.3 Liquidity
BXP has a Current Ratio of 1.13. This is a normal value and indicates that BXP is financially healthy and should not expect problems in meeting its short term obligations.
BXP's Current ratio of 1.13 is in line compared to the rest of the industry. BXP outperforms 54.62% of its industry peers.
A Quick Ratio of 1.13 indicates that BXP should not have too much problems paying its short term obligations.
BXP has a Quick ratio (1.13) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.13 |
3. Growth
3.1 Past
BXP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -14.81%.
BXP shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -7.37% yearly.
Looking at the last year, BXP shows a small growth in Revenue. The Revenue has grown by 3.24% in the last year.
The Revenue has been growing slightly by 2.85% on average over the past years.
EPS 1Y (TTM)-14.81%
EPS 3Y-10.8%
EPS 5Y-7.37%
EPS Q2Q%-13.73%
Revenue 1Y (TTM)3.24%
Revenue growth 3Y5.66%
Revenue growth 5Y2.85%
Sales Q2Q%2.11%
3.2 Future
BXP is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.27% yearly.
The Revenue is expected to grow by 2.62% on average over the next years.
EPS Next Y-10.22%
EPS Next 2Y-4.28%
EPS Next 3Y-0.54%
EPS Next 5Y6.27%
Revenue Next Year2%
Revenue Next 2Y2.28%
Revenue Next 3Y2.65%
Revenue Next 5Y2.62%
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
With a Price/Earnings ratio of 36.92, BXP can be considered very expensive at the moment.
BXP's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 27.20. BXP is valued slightly more expensive when compared to this.
The Price/Forward Earnings ratio is 37.07, which means the current valuation is very expensive for BXP.
67.69% of the companies in the same industry are more expensive than BXP, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of BXP to the average of the S&P500 Index (22.71), we can say BXP is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.92 | ||
| Fwd PE | 37.07 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as BXP.
BXP's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 246.36 | ||
| EV/EBITDA | 14.27 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.28%
EPS Next 3Y-0.54%
5. Dividend
5.1 Amount
BXP has a Yearly Dividend Yield of 3.67%. Purely for dividend investing, there may be better candidates out there.
BXP's Dividend Yield is slightly below the industry average, which is at 6.66.
BXP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.67% |
5.2 History
The dividend of BXP has a limited annual growth rate of 0.30%.
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)0.3%
Div Incr Years0
Div Non Decr Years14
5.3 Sustainability
BXP pays out 14036.40% 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.
DP14036.4%
EPS Next 2Y-4.28%
EPS Next 3Y-0.54%
76.43
-2.5 (-3.17%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners108.23%
Inst Owner Change2.77%
Ins Owners0.18%
Ins Owner Change2.1%
Market Cap12.10B
Analysts72
Price Target78.67 (2.93%)
Short Float %6.37%
Short Ratio5.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.67% |
Yearly Dividend4.38
Dividend Growth(5Y)0.3%
DP14036.4%
Div Incr Years0
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.75%
Min EPS beat(2)1.99%
Max EPS beat(2)5.52%
EPS beat(4)3
Avg EPS beat(4)11.27%
Min EPS beat(4)-3.05%
Max EPS beat(4)40.62%
EPS beat(8)6
Avg EPS beat(8)8.87%
EPS beat(12)9
Avg EPS beat(12)24.89%
EPS beat(16)13
Avg EPS beat(16)34.66%
Revenue beat(2)2
Avg Revenue beat(2)1.12%
Min Revenue beat(2)0.23%
Max Revenue beat(2)2.02%
Revenue beat(4)4
Avg Revenue beat(4)1.13%
Min Revenue beat(4)0.23%
Max Revenue beat(4)2.02%
Revenue beat(8)8
Avg Revenue beat(8)1.45%
Revenue beat(12)12
Avg Revenue beat(12)1.55%
Revenue beat(16)15
Avg Revenue beat(16)1.55%
PT rev (1m)1.82%
PT rev (3m)2.43%
EPS NQ rev (1m)-1.39%
EPS NQ rev (3m)4.8%
EPS NY rev (1m)7.86%
EPS NY rev (3m)9.39%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)-0.39%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)0.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.92 | ||
| Fwd PE | 37.07 | ||
| P/S | 3.51 | ||
| P/FCF | 246.36 | ||
| P/OCF | 9.82 | ||
| P/B | 2.3 | ||
| P/tB | 2.3 | ||
| EV/EBITDA | 14.27 |
EPS(TTM)2.07
EY2.71%
EPS(NY)2.06
Fwd EY2.7%
FCF(TTM)0.31
FCFY0.41%
OCF(TTM)7.79
OCFY10.19%
SpS21.79
BVpS33.2
TBVpS33.2
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.02% | ||
| ROE | 0.09% | ||
| ROCE | 4.35% | ||
| ROIC | 3.33% | ||
| ROICexc | 3.39% | ||
| ROICexgc | 3.39% | ||
| OM | 29.84% | ||
| PM (TTM) | 0.14% | ||
| GM | 60.37% | ||
| FCFM | 1.42% |
ROA(3y)1.43%
ROA(5y)2.06%
ROE(3y)5.78%
ROE(5y)8.04%
ROIC(3y)3.37%
ROIC(5y)3.39%
ROICexc(3y)3.54%
ROICexc(5y)3.55%
ROICexgc(3y)3.54%
ROICexgc(5y)3.55%
ROCE(3y)4.3%
ROCE(5y)4.3%
ROICexcg growth 3Y-2.23%
ROICexcg growth 5Y-4.04%
ROICexc growth 3Y-2.23%
ROICexc growth 5Y-4.04%
OM growth 3Y-3.8%
OM growth 5Y-3.26%
PM growth 3Y-71%
PM growth 5Y-52.47%
GM growth 3Y-1.62%
GM growth 5Y-0.75%
F-Score5
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.08 | ||
| Debt/FCF | 329.23 | ||
| Debt/EBITDA | 8.4 | ||
| Cap/Depr | 132.22% | ||
| Cap/Sales | 34.3% | ||
| Interest Coverage | 1.52 | ||
| Cash Conversion | 64.04% | ||
| Profit Quality | 997.06% | ||
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.13 | ||
| Altman-Z | 0.56 |
F-Score5
WACC6.43%
ROIC/WACC0.52
Cap/Depr(3y)181.94%
Cap/Depr(5y)170.94%
Cap/Sales(3y)45.26%
Cap/Sales(5y)42.47%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-14.81%
EPS 3Y-10.8%
EPS 5Y-7.37%
EPS Q2Q%-13.73%
EPS Next Y-10.22%
EPS Next 2Y-4.28%
EPS Next 3Y-0.54%
EPS Next 5Y6.27%
Revenue 1Y (TTM)3.24%
Revenue growth 3Y5.66%
Revenue growth 5Y2.85%
Sales Q2Q%2.11%
Revenue Next Year2%
Revenue Next 2Y2.28%
Revenue Next 3Y2.65%
Revenue Next 5Y2.62%
EBIT growth 1Y-0.42%
EBIT growth 3Y1.65%
EBIT growth 5Y-0.5%
EBIT Next Year87.87%
EBIT Next 3Y26.48%
EBIT Next 5Y15.57%
FCF growth 1Y118.86%
FCF growth 3YN/A
FCF growth 5Y13.2%
OCF growth 1Y-3.59%
OCF growth 3Y2.9%
OCF growth 5Y0.89%