BROADSTONE NET LEASE INC (BNL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BNL - US11135E2037 - REIT
18.71 USD
+0.17 (+0.92%)
18.71 USD
0 (0%)
BNL gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 125 industry peers in the Diversified REITs industry. While BNL belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. BNL does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
- In the past year BNL was profitable.
- In the past year BNL had a positive cash flow from operations.
- Each year in the past 5 years BNL has been profitable.
- BNL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- BNL has a Return On Assets of 1.60%. This is comparable to the rest of the industry: BNL outperforms 56.80% of its industry peers.
- BNL has a Return On Equity of 3.07%. This is comparable to the rest of the industry: BNL outperforms 55.20% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 3.22%, BNL is in the better half of the industry, outperforming 61.60% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for BNL is in line with the industry average of 3.07%.
- The last Return On Invested Capital (3.22%) for BNL is above the 3 year average (3.20%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.6% | ||
| ROE | 3.07% | ||
| ROIC | 3.22% |
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 has a better Profit Margin (19.76%) than 67.20% of its industry peers.
- In the last couple of years the Profit Margin of BNL has grown nicely.
- BNL has a Operating Margin of 49.18%. This is amongst the best in the industry. BNL outperforms 91.20% of its industry peers.
- BNL's Operating Margin has been stable in the last couple of years.
- The Gross Margin of BNL (86.87%) is better than 88.00% 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 | 49.18% | ||
| PM (TTM) | 19.76% | ||
| GM | 86.87% |
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.
- The number of shares outstanding for BNL has been increased compared to 1 year ago.
- BNL has more shares outstanding than it did 5 years ago.
- BNL has a worse debt/assets ratio than last year.
2.2 Solvency
- BNL has an Altman-Z score of 0.90. This is a bad value and indicates that BNL is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.90, BNL is in the better half of the industry, outperforming 71.20% of the companies in the same industry.
- A Debt/Equity ratio of 0.81 indicates that BNL is somewhat dependend on debt financing.
- BNL has a Debt to Equity ratio of 0.81. This is in the better half of the industry: BNL outperforms 73.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.9 |
ROIC/WACC0.47
WACC6.83%
2.3 Liquidity
- BNL has a Current Ratio of 2.15. This indicates that BNL is financially healthy and has no problem in meeting its short term obligations.
- BNL has a Current ratio of 2.15. This is amongst the best in the industry. BNL outperforms 85.60% of its industry peers.
- A Quick Ratio of 2.15 indicates that BNL has no problem at all paying its short term obligations.
- BNL has a Quick ratio of 2.15. This is amongst the best in the industry. BNL outperforms 85.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.15 | ||
| Quick Ratio | 2.15 |
3. Growth
3.1 Past
- BNL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -38.16%.
- BNL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.96% yearly.
- BNL shows a small growth in Revenue. In the last year, the Revenue has grown by 5.49%.
- BNL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.64% yearly.
EPS 1Y (TTM)-38.16%
EPS 3Y9.65%
EPS 5Y9.96%
EPS Q2Q%-26.32%
Revenue 1Y (TTM)5.49%
Revenue growth 3Y4.09%
Revenue growth 5Y7.64%
Sales Q2Q%5.32%
3.2 Future
- Based on estimates for the next years, BNL will show a decrease in Earnings Per Share. The EPS will decrease by -4.06% on average per year.
- BNL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.36% yearly.
EPS Next Y-39.92%
EPS Next 2Y-12.14%
EPS Next 3Y-5.15%
EPS Next 5Y-4.06%
Revenue Next Year5.98%
Revenue Next 2Y6.49%
Revenue Next 3Y7.07%
Revenue Next 5Y5.36%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 39.81, which means the current valuation is very expensive for BNL.
- The rest of the industry has a similar Price/Earnings ratio as BNL.
- The average S&P500 Price/Earnings ratio is at 27.38. BNL is valued slightly more expensive when compared to this.
- Based on the Price/Forward Earnings ratio of 27.86, the valuation of BNL can be described as expensive.
- BNL's Price/Forward Earnings ratio is rather cheap when compared to the industry. BNL is cheaper than 81.60% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.29, BNL is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.81 | ||
| Fwd PE | 27.86 |
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 | 15.21 |
4.3 Compensation for Growth
- The decent profitability rating of BNL may justify a higher PE ratio.
- A cheap valuation may be justified as BNL's earnings are expected to decrease with -5.15% in the coming years.
PEG (NY)N/A
PEG (5Y)4
EPS Next 2Y-12.14%
EPS Next 3Y-5.15%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 6.26%, BNL is a good candidate for dividend investing.
- BNL's Dividend Yield is a higher than the industry average which is at 6.59.
- BNL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.84.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.26% |
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
- 247.00% of the earnings are spent on dividend by BNL. This is not a sustainable payout ratio.
DP247%
EPS Next 2Y-12.14%
EPS Next 3Y-5.15%
18.71
+0.17 (+0.92%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)10-29 2025-10-29/amc
Earnings (Next)02-18 2026-02-18/amc
Inst Owners86.2%
Inst Owner Change0%
Ins Owners0.88%
Ins Owner Change0%
Market Cap3.54B
Revenue(TTM)447.97M
Net Income(TTM)88.54M
Analysts80
Price Target20.66 (10.42%)
Short Float %2.64%
Short Ratio2.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.26% |
Yearly Dividend1.15
Dividend Growth(5Y)N/A
DP247%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-23.63%
Min EPS beat(2)-41.76%
Max EPS beat(2)-5.49%
EPS beat(4)0
Avg EPS beat(4)-31.41%
Min EPS beat(4)-48.59%
Max EPS beat(4)-5.49%
EPS beat(8)2
Avg EPS beat(8)-13.4%
EPS beat(12)6
Avg EPS beat(12)8.49%
EPS beat(16)9
Avg EPS beat(16)10.75%
Revenue beat(2)1
Avg Revenue beat(2)0.04%
Min Revenue beat(2)-0.49%
Max Revenue beat(2)0.57%
Revenue beat(4)2
Avg Revenue beat(4)-0.68%
Min Revenue beat(4)-3.17%
Max Revenue beat(4)0.57%
Revenue beat(8)3
Avg Revenue beat(8)-1.35%
Revenue beat(12)5
Avg Revenue beat(12)-0.69%
Revenue beat(16)6
Avg Revenue beat(16)-0.65%
PT rev (1m)-0.95%
PT rev (3m)5%
EPS NQ rev (1m)-4.26%
EPS NQ rev (3m)7.14%
EPS NY rev (1m)2.99%
EPS NY rev (3m)-18.89%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)1.53%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)0.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.81 | ||
| Fwd PE | 27.86 | ||
| P/S | 7.9 | ||
| P/FCF | N/A | ||
| P/OCF | 12.7 | ||
| P/B | 1.23 | ||
| P/tB | 1.56 | ||
| EV/EBITDA | 15.21 |
EPS(TTM)0.47
EY2.51%
EPS(NY)0.67
Fwd EY3.59%
FCF(TTM)-1.01
FCFYN/A
OCF(TTM)1.47
OCFY7.88%
SpS2.37
BVpS15.24
TBVpS12.01
PEG (NY)N/A
PEG (5Y)4
Graham Number12.7
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.6% | ||
| ROE | 3.07% | ||
| ROCE | 4.08% | ||
| ROIC | 3.22% | ||
| ROICexc | 3.27% | ||
| ROICexgc | 3.72% | ||
| OM | 49.18% | ||
| PM (TTM) | 19.76% | ||
| GM | 86.87% | ||
| 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%
ROICexgc growth 3Y-1.95%
ROICexgc 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-Score6
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.14 | ||
| Cap/Depr | 291.73% | ||
| Cap/Sales | 104.76% | ||
| Interest Coverage | 2.72 | ||
| Cash Conversion | 73.15% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.15 | ||
| Quick Ratio | 2.15 | ||
| Altman-Z | 0.9 |
F-Score6
WACC6.83%
ROIC/WACC0.47
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)-38.16%
EPS 3Y9.65%
EPS 5Y9.96%
EPS Q2Q%-26.32%
EPS Next Y-39.92%
EPS Next 2Y-12.14%
EPS Next 3Y-5.15%
EPS Next 5Y-4.06%
Revenue 1Y (TTM)5.49%
Revenue growth 3Y4.09%
Revenue growth 5Y7.64%
Sales Q2Q%5.32%
Revenue Next Year5.98%
Revenue Next 2Y6.49%
Revenue Next 3Y7.07%
Revenue Next 5Y5.36%
EBIT growth 1Y4.31%
EBIT growth 3Y2.63%
EBIT growth 5Y9.03%
EBIT Next Year98.67%
EBIT Next 3Y34.03%
EBIT Next 5YN/A
FCF growth 1Y-29.2%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y2.93%
OCF growth 3Y4.1%
OCF growth 5Y13.39%
BROADSTONE NET LEASE INC / BNL FAQ
What is the ChartMill fundamental rating of BROADSTONE NET LEASE INC (BNL) stock?
ChartMill assigns a fundamental rating of 4 / 10 to BNL.
Can you provide the valuation status for BROADSTONE NET LEASE INC?
ChartMill assigns a valuation rating of 2 / 10 to BROADSTONE NET LEASE INC (BNL). This can be considered as Overvalued.
Can you provide the profitability details for BROADSTONE NET LEASE INC?
BROADSTONE NET LEASE INC (BNL) has a profitability rating of 7 / 10.
How financially healthy is BROADSTONE NET LEASE INC?
The financial health rating of BROADSTONE NET LEASE INC (BNL) is 4 / 10.
Can you provide the expected EPS growth for BNL stock?
The Earnings per Share (EPS) of BROADSTONE NET LEASE INC (BNL) is expected to decline by -39.92% in the next year.