BXP INC (BXP)
US1011211018 - REIT
We assign a fundamental rating of 4 out of 10 to BXP. BXP was compared to 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. Finally BXP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year BXP was profitable.
In the past year BXP had a positive cash flow from operations.
Each year in the past 5 years BXP has been profitable.
In the past 5 years BXP always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 1.37%, BXP perfoms like the industry average, outperforming 59.38% of the companies in the same industry.
Looking at the Return On Equity, with a value of 6.30%, BXP is in the better half of the industry, outperforming 78.13% of the companies in the same industry.
BXP's Return On Invested Capital of 3.20% is fine compared to the rest of the industry. BXP outperforms 61.72% 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 3.08%.
| 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 58.59% of the companies in the same industry.
In the last couple of years the Profit Margin of BXP has declined.
With a decent Operating Margin value of 30.30%, BXP is doing good in the industry, outperforming 65.63% 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.
Looking at the Gross Margin, with a value of 61.07%, BXP is doing worse than 69.53% 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
BXP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
BXP has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, BXP has more shares outstanding
BXP has a worse debt/assets ratio than last year.
2.2 Solvency
BXP has an Altman-Z score of 0.61. This is a bad value and indicates that BXP is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.61, BXP perfoms like the industry average, outperforming 49.22% of the companies in the same 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 (95.82) which is in line with 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's Debt to Equity ratio of 2.88 is on the low side compared to the rest of the industry. BXP is outperformed by 82.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.88 | ||
| Debt/FCF | 95.82 | ||
| Altman-Z | 0.61 |
ROIC/WACC0.58
WACC5.53%
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 71.09% of its industry peers.
A Quick Ratio of 1.91 indicates that BXP should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.91, BXP is doing good in the industry, outperforming 74.22% of the companies in the same industry.
| 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.
BXP shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -7.13% yearly.
Looking at the last year, BXP shows a small growth in Revenue. The Revenue has grown by 4.44% in the last year.
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
The Earnings Per Share is expected to grow by 3.69% on average over the next years.
The Revenue is expected to grow by 3.19% on average over the next years.
EPS Next Y-18.19%
EPS Next 2Y-14.96%
EPS Next 3Y-6.76%
EPS Next 5Y3.69%
Revenue Next Year3.77%
Revenue Next 2Y2.66%
Revenue Next 3Y2.94%
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.
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 31.55, which means the current valuation is very expensive for BXP.
64.06% of the companies in the same industry are more expensive than BXP, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of BXP to the average of the S&P500 Index (27.72), we can say BXP is valued inline with the index average.
BXP is valuated quite expensively with a Price/Forward Earnings ratio of 39.21.
67.97% 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 (22.64), we can say BXP is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.55 | ||
| Fwd PE | 39.21 |
4.2 Price Multiples
BXP's Enterprise Value to EBITDA is on the same level as the industry average.
BXP's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 66.55 | ||
| EV/EBITDA | 13.92 |
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-14.96%
EPS Next 3Y-6.76%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.90%, BXP is a good candidate for dividend investing.
BXP's Dividend Yield is comparable with the industry average which is at 15.68.
Compared to an average S&P500 Dividend Yield of 2.24, BXP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.9% |
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 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
190.10% of the earnings are spent on dividend by BXP. This is not a sustainable payout ratio.
BXP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP190.1%
EPS Next 2Y-14.96%
EPS Next 3Y-6.76%
BXP INC
NYSE:BXP (12/19/2024, 10:39:09 AM)
72.87
-1.36 (-1.83%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners102.51%
Inst Owner Change0.71%
Ins Owners0.7%
Ins Owner Change-0.1%
Market Cap11.52B
Analysts70.77
Price Target85.5 (17.33%)
Short Float %4.31%
Short Ratio5.75
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.9% |
Dividend Growth(5Y)2.81%
DP190.1%
Div Incr Years0
Div Non Decr Years13
Ex-Date
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)10.55%
PT rev (3m)18.75%
EPS NQ rev (1m)-5.32%
EPS NQ rev (3m)-16.67%
EPS NY rev (1m)-0.48%
EPS NY rev (3m)-2.73%
Revenue NQ rev (1m)-0.09%
Revenue NQ rev (3m)1.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.55 | ||
| Fwd PE | 39.21 | ||
| P/S | 3.41 | ||
| P/FCF | 66.55 | ||
| P/OCF | 9.31 | ||
| P/B | 2 | ||
| P/tB | 2 | ||
| EV/EBITDA | 13.92 |
EPS(TTM)2.31
EY3.17%
EPS(NY)1.86
Fwd EY2.55%
FCF(TTM)1.09
FCFY1.5%
OCF(TTM)7.83
OCFY10.74%
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 | 0.61 |
F-Score6
WACC5.53%
ROIC/WACC0.58
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-18.19%
EPS Next 2Y-14.96%
EPS Next 3Y-6.76%
EPS Next 5Y3.69%
Revenue 1Y (TTM)4.44%
Revenue growth 3Y5.78%
Revenue growth 5Y3.8%
Sales Q2Q%4.24%
Revenue Next Year3.77%
Revenue Next 2Y2.66%
Revenue Next 3Y2.94%
Revenue Next 5Y3.19%
EBIT growth 1Y-1.18%
EBIT growth 3Y4.63%
EBIT growth 5Y2.3%
EBIT Next Year84.97%
EBIT Next 3Y24.43%
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%