BROADSTONE NET LEASE INC (BNL) Stock Fundamental Analysis
USA - NYSE:BNL - US11135E2037 - REIT
18.3 USD
+0.02 (+0.11%)
18.3 USD
0 (0%)
BNL gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 130 industry peers in the Diversified REITs industry. BNL scores excellent on profitability, but there are concerns on its financial health. BNL has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
BNL had positive earnings in the past year.
In the past year BNL had a positive cash flow from operations.
Each year in the past 5 years BNL has been profitable.
Each year in the past 5 years BNL had a positive operating cash flow.
1.2 Ratios
BNL has a better Return On Assets (1.83%) than 60.77% of its industry peers.
Looking at the Return On Equity, with a value of 3.36%, BNL is in line with its industry, outperforming 57.69% of the companies in the same industry.
The Return On Invested Capital of BNL (3.30%) is better than 63.08% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BNL is in line with the industry average of 3.05%.
The last Return On Invested Capital (3.30%) for BNL is above the 3 year average (3.20%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.83% | ||
| ROE | 3.36% | ||
| ROIC | 3.3% |
ROA(3y)2.75%
ROA(5y)2.33%
ROE(3y)4.79%
ROE(5y)4.11%
ROIC(3y)3.2%
ROIC(5y)3.14%
1.3 Margins
BNL's Profit Margin of 22.10% is fine compared to the rest of the industry. BNL outperforms 75.38% of its industry peers.
In the last couple of years the Profit Margin of BNL has grown nicely.
BNL's Operating Margin of 49.14% is amongst the best of the industry. BNL outperforms 90.77% of its industry peers.
In the last couple of years the Operating Margin of BNL has remained more or less at the same level.
BNL's Gross Margin of 86.56% is amongst the best of the industry. BNL outperforms 88.46% of its industry peers.
In the last couple of years the Gross Margin of BNL has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 49.14% | ||
| PM (TTM) | 22.1% | ||
| GM | 86.56% |
OM growth 3Y-1.4%
OM growth 5Y1.29%
PM growth 3Y11.92%
PM growth 5Y7.05%
GM growth 3Y0.06%
GM growth 5Y0.13%
2. Health
2.1 Basic Checks
BNL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, BNL has more shares outstanding
The number of shares outstanding for BNL has been increased compared to 5 years ago.
Compared to 1 year ago, BNL has a worse debt to assets ratio.
2.2 Solvency
BNL has an Altman-Z score of 0.94. This is a bad value and indicates that BNL is not financially healthy and even has some risk of bankruptcy.
BNL has a better Altman-Z score (0.94) than 72.31% of its industry peers.
A Debt/Equity ratio of 0.73 indicates that BNL is somewhat dependend on debt financing.
BNL has a better Debt to Equity ratio (0.73) than 75.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.94 |
ROIC/WACC0.49
WACC6.74%
2.3 Liquidity
BNL has a Current Ratio of 1.62. This is a normal value and indicates that BNL is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.62, BNL is in the better half of the industry, outperforming 67.69% of the companies in the same industry.
BNL has a Quick Ratio of 1.62. This is a normal value and indicates that BNL is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of BNL (1.62) is better than 67.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.62 | ||
| Quick Ratio | 1.62 |
3. Growth
3.1 Past
BNL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -37.35%.
BNL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.96% yearly.
Looking at the last year, BNL shows a small growth in Revenue. The Revenue has grown by 3.86% in the last year.
BNL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.64% yearly.
EPS 1Y (TTM)-37.35%
EPS 3Y9.65%
EPS 5Y9.96%
EPS Q2Q%-47.37%
Revenue 1Y (TTM)3.86%
Revenue growth 3Y4.09%
Revenue growth 5Y7.64%
Sales Q2Q%6.68%
3.2 Future
Based on estimates for the next years, BNL will show a decrease in Earnings Per Share. The EPS will decrease by -6.98% on average per year.
Based on estimates for the next years, BNL will show a small growth in Revenue. The Revenue will grow by 4.62% on average per year.
EPS Next Y-25.93%
EPS Next 2Y-8.7%
EPS Next 3Y-9.9%
EPS Next 5Y-6.98%
Revenue Next Year5.04%
Revenue Next 2Y5.51%
Revenue Next 3Y6.45%
Revenue Next 5Y4.62%
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 decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 35.19, BNL can be considered very expensive at the moment.
BNL's Price/Earnings ratio is a bit cheaper when compared to the industry. BNL is cheaper than 61.54% of the companies in the same industry.
When comparing the Price/Earnings ratio of BNL to the average of the S&P500 Index (27.41), we can say BNL is valued slightly more expensively.
The Price/Forward Earnings ratio is 25.24, which means the current valuation is very expensive for BNL.
Based on the Price/Forward Earnings ratio, BNL is valued cheaper than 83.85% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of BNL to the average of the S&P500 Index (22.87), we can say BNL is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.19 | ||
| Fwd PE | 25.24 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BNL is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.79 |
4.3 Compensation for Growth
BNL has a very decent profitability rating, which may justify a higher PE ratio.
BNL's earnings are expected to decrease with -9.90% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)3.53
EPS Next 2Y-8.7%
EPS Next 3Y-9.9%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.25%, BNL is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.58, BNL pays a bit more dividend than its industry peers.
BNL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.25% |
5.2 History
BNL has been paying a dividend for over 5 years, so it has already some track record.
BNL has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
BNL pays out 224.88% of its income as dividend. This is not a sustainable payout ratio.
DP224.88%
EPS Next 2Y-8.7%
EPS Next 3Y-9.9%
18.3
+0.02 (+0.11%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners86.76%
Inst Owner Change-0.17%
Ins Owners0.88%
Ins Owner Change4.76%
Market Cap3.46B
Analysts78.46
Price Target19.67 (7.49%)
Short Float %2.54%
Short Ratio3.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.25% |
Yearly Dividend1.15
Dividend Growth(5Y)N/A
DP224.88%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-45.17%
Min EPS beat(2)-48.59%
Max EPS beat(2)-41.76%
EPS beat(4)0
Avg EPS beat(4)-32.65%
Min EPS beat(4)-48.59%
Max EPS beat(4)-10.42%
EPS beat(8)3
Avg EPS beat(8)-5.71%
EPS beat(12)6
Avg EPS beat(12)8.62%
EPS beat(16)10
Avg EPS beat(16)12.03%
Revenue beat(2)1
Avg Revenue beat(2)-1.3%
Min Revenue beat(2)-3.17%
Max Revenue beat(2)0.57%
Revenue beat(4)3
Avg Revenue beat(4)-0.38%
Min Revenue beat(4)-3.17%
Max Revenue beat(4)0.7%
Revenue beat(8)3
Avg Revenue beat(8)-1.61%
Revenue beat(12)6
Avg Revenue beat(12)-0.54%
Revenue beat(16)7
Avg Revenue beat(16)1.71%
PT rev (1m)8.35%
PT rev (3m)3.05%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.33%
EPS NY rev (1m)0%
EPS NY rev (3m)-8.86%
Revenue NQ rev (1m)0.19%
Revenue NQ rev (3m)1.12%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.19 | ||
| Fwd PE | 25.24 | ||
| P/S | 7.83 | ||
| P/FCF | N/A | ||
| P/OCF | 12.28 | ||
| P/B | 1.19 | ||
| P/tB | 1.51 | ||
| EV/EBITDA | 14.79 |
EPS(TTM)0.52
EY2.84%
EPS(NY)0.73
Fwd EY3.96%
FCF(TTM)-0.39
FCFYN/A
OCF(TTM)1.49
OCFY8.15%
SpS2.34
BVpS15.37
TBVpS12.14
PEG (NY)N/A
PEG (5Y)3.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.83% | ||
| ROE | 3.36% | ||
| ROCE | 4.17% | ||
| ROIC | 3.3% | ||
| ROICexc | 3.31% | ||
| ROICexgc | 3.77% | ||
| OM | 49.14% | ||
| PM (TTM) | 22.1% | ||
| GM | 86.56% | ||
| FCFM | N/A |
ROA(3y)2.75%
ROA(5y)2.33%
ROE(3y)4.79%
ROE(5y)4.11%
ROIC(3y)3.2%
ROIC(5y)3.14%
ROICexc(3y)3.21%
ROICexc(5y)3.16%
ROICexgc(3y)3.71%
ROICexgc(5y)3.68%
ROCE(3y)4.05%
ROCE(5y)3.97%
ROICexcg growth 3Y-1.95%
ROICexcg growth 5Y4.16%
ROICexc growth 3Y-1.44%
ROICexc growth 5Y3.2%
OM growth 3Y-1.4%
OM growth 5Y1.29%
PM growth 3Y11.92%
PM growth 5Y7.05%
GM growth 3Y0.06%
GM growth 5Y0.13%
F-Score5
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.63 | ||
| Cap/Depr | 224.8% | ||
| Cap/Sales | 80.59% | ||
| Interest Coverage | 2.64 | ||
| Cash Conversion | 75.02% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.62 | ||
| Quick Ratio | 1.62 | ||
| Altman-Z | 0.94 |
F-Score5
WACC6.74%
ROIC/WACC0.49
Cap/Depr(3y)331.73%
Cap/Depr(5y)318.61%
Cap/Sales(3y)119.74%
Cap/Sales(5y)113.26%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-37.35%
EPS 3Y9.65%
EPS 5Y9.96%
EPS Q2Q%-47.37%
EPS Next Y-25.93%
EPS Next 2Y-8.7%
EPS Next 3Y-9.9%
EPS Next 5Y-6.98%
Revenue 1Y (TTM)3.86%
Revenue growth 3Y4.09%
Revenue growth 5Y7.64%
Sales Q2Q%6.68%
Revenue Next Year5.04%
Revenue Next 2Y5.51%
Revenue Next 3Y6.45%
Revenue Next 5Y4.62%
EBIT growth 1Y2.33%
EBIT growth 3Y2.63%
EBIT growth 5Y9.03%
EBIT Next Year97.4%
EBIT Next 3Y31.9%
EBIT Next 5YN/A
FCF growth 1Y77.61%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y2.72%
OCF growth 3Y4.1%
OCF growth 5Y13.39%