BXP INC (BXP) Stock Fundamental Analysis
NYSE:BXP - New York Stock Exchange, Inc. - US1011211018 - REIT - Currency: USD
Overall BXP gets a fundamental rating of 3 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 is valued expensive and it does not seem to be growing. 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.
In the past 5 years BXP always reported a positive cash flow from operatings.
1.2 Ratios
BXP's Return On Assets of 0.05% is in line compared to the rest of the industry. BXP outperforms 41.54% of its industry peers.
The Return On Equity of BXP (0.26%) is comparable to the rest of the industry.
With a decent Return On Invested Capital value of 3.23%, BXP is doing good in 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 3.20%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.05% | ||
| ROE | 0.26% | ||
| ROIC | 3.23% |
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 0.42%, BXP is doing worse than 60.00% of the companies in the same industry.
BXP's Profit Margin has declined in the last couple of years.
BXP has a better Operating Margin (29.99%) than 65.38% of its industry peers.
BXP's Operating Margin has declined in the last couple of years.
BXP has a Gross Margin of 60.72%. This is in the lower half of the industry: BXP underperforms 66.15% of its industry peers.
BXP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.99% | ||
| PM (TTM) | 0.42% | ||
| GM | 60.72% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BXP is destroying value.
The number of shares outstanding for BXP has been increased compared to 1 year ago.
BXP has more shares outstanding than it did 5 years ago.
BXP has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.54, we must say that BXP is in the distress zone and has some risk of bankruptcy.
BXP has a Altman-Z score (0.54) which is comparable to the rest of the industry.
The Debt to FCF ratio of BXP is 166.23, which is on the high side as it means it would take BXP, 166.23 years of fcf income to pay off all of its debts.
BXP has a Debt to FCF ratio (166.23) which is comparable to the rest of the industry.
BXP has a Debt/Equity ratio of 3.06. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 3.06, BXP is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.06 | ||
| Debt/FCF | 166.23 | ||
| Altman-Z | 0.54 |
ROIC/WACC0.49
WACC6.58%
2.3 Liquidity
BXP has a Current Ratio of 1.83. This is a normal value and indicates that BXP is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of BXP (1.83) is better than 74.62% of its industry peers.
BXP has a Quick Ratio of 1.83. 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 Quick ratio of 1.83. This is in the better half of the industry: BXP outperforms 74.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.83 | ||
| Quick Ratio | 1.83 |
3. Growth
3.1 Past
The earnings per share for BXP have decreased strongly by -12.45% in the last year.
The Earnings Per Share has been decreasing by -7.37% on average over the past years.
BXP shows a small growth in Revenue. In the last year, the Revenue has grown by 4.10%.
BXP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.85% yearly.
EPS 1Y (TTM)-12.45%
EPS 3Y-10.8%
EPS 5Y-7.37%
EPS Q2Q%-7.89%
Revenue 1Y (TTM)4.1%
Revenue growth 3Y5.66%
Revenue growth 5Y2.85%
Sales Q2Q%3.55%
3.2 Future
BXP is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.45% yearly.
BXP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.60% yearly.
EPS Next Y-20.03%
EPS Next 2Y-6.37%
EPS Next 3Y-2.22%
EPS Next 5Y4.45%
Revenue Next Year1.03%
Revenue Next 2Y1.92%
Revenue Next 3Y2.3%
Revenue Next 5Y2.6%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
BXP is valuated quite expensively with a Price/Earnings ratio of 28.39.
Based on the Price/Earnings ratio, BXP is valued a bit cheaper than 63.85% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.29, BXP is valued at the same level.
A Price/Forward Earnings ratio of 35.50 indicates a quite expensive valuation of BXP.
Based on the Price/Forward Earnings ratio, BXP is valued a bit cheaper than the industry average as 70.77% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 21.08. BXP is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.39 | ||
| Fwd PE | 35.5 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BXP is valued a bit cheaper than the industry average as 61.54% of the companies are valued more expensively.
The rest of the industry has a similar Price/Free Cash Flow ratio as BXP.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 101.33 | ||
| EV/EBITDA | 13.07 |
4.3 Compensation for Growth
A cheap valuation may be justified as BXP's earnings are expected to decrease with -2.22% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-6.37%
EPS Next 3Y-2.22%
5. Dividend
5.1 Amount
BXP has a Yearly Dividend Yield of 6.57%, which is a nice return.
Compared to an average industry Dividend Yield of 28.82, BXP has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.57, BXP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.57% |
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 Years13
5.3 Sustainability
BXP pays out 4833.73% 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.
DP4833.73%
EPS Next 2Y-6.37%
EPS Next 3Y-2.22%
63.88
+0.81 (+1.28%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners105.17%
Inst Owner Change0%
Ins Owners0.19%
Ins Owner Change-1.38%
Market Cap10.11B
Analysts69.23
Price Target81 (26.8%)
Short Float %6.75%
Short Ratio8.05
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.57% |
Yearly Dividend4.38
Dividend Growth(5Y)0.3%
DP4833.73%
Div Incr Years0
Div Non Decr Years13
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)18.79%
Min EPS beat(2)-3.05%
Max EPS beat(2)40.62%
EPS beat(4)3
Avg EPS beat(4)11.41%
Min EPS beat(4)-3.05%
Max EPS beat(4)40.62%
EPS beat(8)5
Avg EPS beat(8)8.83%
EPS beat(12)9
Avg EPS beat(12)33.8%
EPS beat(16)13
Avg EPS beat(16)35.86%
Revenue beat(2)1
Avg Revenue beat(2)0.88%
Min Revenue beat(2)-0.16%
Max Revenue beat(2)1.93%
Revenue beat(4)3
Avg Revenue beat(4)1.85%
Min Revenue beat(4)-0.16%
Max Revenue beat(4)2.87%
Revenue beat(8)7
Avg Revenue beat(8)1.6%
Revenue beat(12)11
Avg Revenue beat(12)1.69%
Revenue beat(16)14
Avg Revenue beat(16)1.56%
PT rev (1m)-1.81%
PT rev (3m)-6.51%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.31%
EPS NY rev (1m)2.38%
EPS NY rev (3m)5.51%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.73%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-0.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.39 | ||
| Fwd PE | 35.5 | ||
| P/S | 2.97 | ||
| P/FCF | 101.33 | ||
| P/OCF | 8.19 | ||
| P/B | 1.87 | ||
| P/tB | 1.87 | ||
| EV/EBITDA | 13.07 |
EPS(TTM)2.25
EY3.52%
EPS(NY)1.8
Fwd EY2.82%
FCF(TTM)0.63
FCFY0.99%
OCF(TTM)7.8
OCFY12.21%
SpS21.52
BVpS34.19
TBVpS34.19
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.05% | ||
| ROE | 0.26% | ||
| ROCE | 4.17% | ||
| ROIC | 3.23% | ||
| ROICexc | 3.4% | ||
| ROICexgc | 3.4% | ||
| OM | 29.99% | ||
| PM (TTM) | 0.42% | ||
| GM | 60.72% | ||
| FCFM | 2.93% |
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-Score6
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.06 | ||
| Debt/FCF | 166.23 | ||
| Debt/EBITDA | 8.69 | ||
| Cap/Depr | 127.9% | ||
| Cap/Sales | 33.3% | ||
| Interest Coverage | 1.51 | ||
| Cash Conversion | 64.66% | ||
| Profit Quality | 699.34% | ||
| Current Ratio | 1.83 | ||
| Quick Ratio | 1.83 | ||
| Altman-Z | 0.54 |
F-Score6
WACC6.58%
ROIC/WACC0.49
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)-12.45%
EPS 3Y-10.8%
EPS 5Y-7.37%
EPS Q2Q%-7.89%
EPS Next Y-20.03%
EPS Next 2Y-6.37%
EPS Next 3Y-2.22%
EPS Next 5Y4.45%
Revenue 1Y (TTM)4.1%
Revenue growth 3Y5.66%
Revenue growth 5Y2.85%
Sales Q2Q%3.55%
Revenue Next Year1.03%
Revenue Next 2Y1.92%
Revenue Next 3Y2.3%
Revenue Next 5Y2.6%
EBIT growth 1Y-1.61%
EBIT growth 3Y1.65%
EBIT growth 5Y-0.5%
EBIT Next Year87.01%
EBIT Next 3Y26.15%
EBIT Next 5Y15.44%
FCF growth 1Y-64.36%
FCF growth 3YN/A
FCF growth 5Y13.2%
OCF growth 1Y-5.15%
OCF growth 3Y2.9%
OCF growth 5Y0.89%