BXP INC (BXP) Stock Fundamental Analysis
USA - NYSE:BXP - US1011211018 - REIT
71.97 USD
+1.3 (+1.84%)
71.97 USD
0 (0%)
BXP gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 127 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
BXP had positive earnings in the past year.
In the past year BXP had a positive cash flow from operations.
In the past 5 years BXP has always been profitable.
In the past 5 years BXP always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.02%, BXP is in line with its industry, outperforming 41.73% of the companies in the same industry.
With a Return On Equity value of 0.09%, BXP perfoms like the industry average, outperforming 41.73% of the companies in the same industry.
BXP has a Return On Invested Capital of 3.33%. This is in the better half of the industry: BXP outperforms 63.78% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BXP is in line with the industry average of 3.04%.
| 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
BXP's Profit Margin of 0.14% is in line compared to the rest of the industry. BXP outperforms 41.73% of its industry peers.
BXP's Profit Margin has declined in the last couple of years.
The Operating Margin of BXP (29.84%) is better than 62.99% 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 66.93% of its industry peers.
BXP's Gross Margin has been stable in the last couple of years.
| 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
BXP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
BXP has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, BXP has more shares outstanding
Compared to 1 year ago, BXP has a worse debt to assets ratio.
2.2 Solvency
BXP has an Altman-Z score of 0.52. 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 (0.52) 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 has a Debt to FCF ratio (329.23) which is comparable to the rest of the industry.
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 81.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.08 | ||
| Debt/FCF | 329.23 | ||
| Altman-Z | 0.52 |
ROIC/WACC0.55
WACC6.1%
2.3 Liquidity
A Current Ratio of 1.13 indicates that BXP should not have too much problems paying its short term obligations.
BXP's Current ratio of 1.13 is in line compared to the rest of the industry. BXP outperforms 55.91% of its industry peers.
A Quick Ratio of 1.13 indicates that BXP should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.13, BXP is in line with its industry, outperforming 56.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.13 |
3. Growth
3.1 Past
The earnings per share for BXP have decreased strongly by -14.81% in the last year.
The Earnings Per Share has been decreasing by -7.37% on average over the past years.
Looking at the last year, BXP shows a small growth in Revenue. The Revenue has grown by 3.24% in the last year.
BXP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.85% yearly.
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
The Earnings Per Share is expected to grow by 6.27% on average over the next years.
The Revenue is expected to grow by 2.31% on average over the next years.
EPS Next Y-7.42%
EPS Next 2Y-2.79%
EPS Next 3Y1.43%
EPS Next 5Y6.27%
Revenue Next Year2%
Revenue Next 2Y2.21%
Revenue Next 3Y2.65%
Revenue Next 5Y2.31%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 34.77, which means the current valuation is very expensive for BXP.
The rest of the industry has a similar Price/Earnings ratio as BXP.
The average S&P500 Price/Earnings ratio is at 27.69. BXP is valued slightly more expensive when compared to this.
A Price/Forward Earnings ratio of 33.85 indicates a quite expensive valuation of BXP.
72.44% of the companies in the same industry are more expensive than BXP, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.18, BXP is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.77 | ||
| Fwd PE | 33.85 |
4.2 Price Multiples
BXP's Enterprise Value to EBITDA ratio is in line with the industry average.
BXP's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 231.99 | ||
| EV/EBITDA | 13.61 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-2.79%
EPS Next 3Y1.43%
5. Dividend
5.1 Amount
BXP has a Yearly Dividend Yield of 3.98%.
BXP's Dividend Yield is slightly below the industry average, which is at 6.21.
BXP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.98% |
5.2 History
The dividend of BXP has a limited annual growth rate of 0.30%.
BXP has been paying a dividend for at least 10 years, so it has 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
14036.40% of the earnings are spent on dividend by BXP. 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-2.79%
EPS Next 3Y1.43%
71.97
+1.3 (+1.84%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners110.58%
Inst Owner Change0.02%
Ins Owners0.19%
Ins Owner Change2.1%
Market Cap11.40B
Analysts70
Price Target78.73 (9.39%)
Short Float %6.28%
Short Ratio5.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.98% |
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)0.08%
PT rev (3m)1.23%
EPS NQ rev (1m)-5.69%
EPS NQ rev (3m)-2.78%
EPS NY rev (1m)3.13%
EPS NY rev (3m)11.23%
Revenue NQ rev (1m)-0.05%
Revenue NQ rev (3m)-0.48%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.77 | ||
| Fwd PE | 33.85 | ||
| P/S | 3.3 | ||
| P/FCF | 231.99 | ||
| P/OCF | 9.24 | ||
| P/B | 2.17 | ||
| P/tB | 2.17 | ||
| EV/EBITDA | 13.61 |
EPS(TTM)2.07
EY2.88%
EPS(NY)2.13
Fwd EY2.95%
FCF(TTM)0.31
FCFY0.43%
OCF(TTM)7.79
OCFY10.82%
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 | 8.41 | ||
| Cap/Depr | 132.6% | ||
| Cap/Sales | 34.3% | ||
| Interest Coverage | 1.52 | ||
| Cash Conversion | 64.12% | ||
| Profit Quality | 997.06% | ||
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.13 | ||
| Altman-Z | 0.52 |
F-Score5
WACC6.1%
ROIC/WACC0.55
Cap/Depr(3y)182.14%
Cap/Depr(5y)171.07%
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-7.42%
EPS Next 2Y-2.79%
EPS Next 3Y1.43%
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 2Y2.21%
Revenue Next 3Y2.65%
Revenue Next 5Y2.31%
EBIT growth 1Y-0.42%
EBIT growth 3Y1.65%
EBIT growth 5Y-0.5%
EBIT Next Year87.68%
EBIT Next 3Y26.19%
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%