BXP INC (BXP) Stock Fundamental Analysis
USA - NYSE:BXP - US1011211018 - REIT
76.44 USD
-1.31 (-1.68%)
76.5 USD
+0.06 (+0.08%)
Taking everything into account, BXP scores 3 out of 10 in our fundamental rating. 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 is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year BXP was profitable.
BXP had a positive operating cash flow in the past year.
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
Looking at the Return On Assets, with a value of 0.02%, BXP is in line with its industry, outperforming 43.08% of the companies in the same industry.
Looking at the Return On Equity, with a value of 0.09%, BXP is in line with its industry, outperforming 43.08% 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 63.85% 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 3.05%.
| 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 43.08% of its industry peers.
In the last couple of years the Profit Margin of BXP has declined.
BXP has a better Operating Margin (29.84%) than 63.08% of its industry peers.
BXP's Operating Margin has declined in the last couple of years.
The Gross Margin of BXP (60.37%) is worse than 67.69% 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.
The number of shares outstanding for BXP has been increased compared to 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 0.56. This is a bad value and indicates that BXP is not financially healthy and even has some risk of bankruptcy.
BXP's Altman-Z score of 0.56 is in line compared to the rest of the industry. BXP outperforms 53.85% of its industry peers.
BXP has a debt to FCF ratio of 329.23. This is a negative value and a sign of low solvency as BXP would need 329.23 years to pay back of all of its debts.
With a Debt to FCF ratio value of 329.23, BXP perfoms like the industry average, outperforming 55.38% of the companies in the same industry.
BXP has a Debt/Equity ratio of 3.08. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 3.08, BXP is not doing good in the industry: 80.77% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.08 | ||
| Debt/FCF | 329.23 | ||
| Altman-Z | 0.56 |
ROIC/WACC0.52
WACC6.45%
2.3 Liquidity
BXP has a Current Ratio of 1.13. This is a normal value and indicates that BXP is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.13, BXP perfoms like the industry average, outperforming 54.62% of the companies in the same industry.
BXP has a Quick Ratio of 1.13. 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 (1.13) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.13 |
3. Growth
3.1 Past
BXP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -14.81%.
The Earnings Per Share has been decreasing by -7.37% on average over the past years.
The Revenue has been growing slightly by 3.24% in the past year.
Measured over the past years, BXP shows a small growth in Revenue. The Revenue has been growing by 2.85% on average per year.
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
Based on estimates for the next years, BXP will show a small growth in Earnings Per Share. The EPS will grow by 6.27% on average per year.
The Revenue is expected to grow by 2.62% on average over the next years.
EPS Next Y-10.22%
EPS Next 2Y-4.28%
EPS Next 3Y-0.54%
EPS Next 5Y6.27%
Revenue Next Year2%
Revenue Next 2Y2.28%
Revenue Next 3Y2.65%
Revenue Next 5Y2.62%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 36.93, BXP can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of BXP is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.38. BXP is valued slightly more expensive when compared to this.
A Price/Forward Earnings ratio of 37.08 indicates a quite expensive valuation of BXP.
Based on the Price/Forward Earnings ratio, BXP is valued a bit cheaper than 67.69% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.86. BXP is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.93 | ||
| Fwd PE | 37.08 |
4.2 Price Multiples
BXP's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BXP is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 246.39 | ||
| EV/EBITDA | 14.18 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.28%
EPS Next 3Y-0.54%
5. Dividend
5.1 Amount
BXP has a Yearly Dividend Yield of 3.60%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.66, BXP is paying slightly less dividend.
BXP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.6% |
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 their dividend for at least 10 years, which is a reliable track record.
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.
BXP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP14036.4%
EPS Next 2Y-4.28%
EPS Next 3Y-0.54%
76.44
-1.31 (-1.68%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners108.23%
Inst Owner Change2.77%
Ins Owners0.18%
Ins Owner Change2.1%
Market Cap12.11B
Analysts72
Price Target78.67 (2.92%)
Short Float %6.37%
Short Ratio5.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.6% |
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)1.82%
PT rev (3m)2.43%
EPS NQ rev (1m)-1.39%
EPS NQ rev (3m)4.8%
EPS NY rev (1m)7.86%
EPS NY rev (3m)9.39%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)-0.39%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)0.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.93 | ||
| Fwd PE | 37.08 | ||
| P/S | 3.51 | ||
| P/FCF | 246.39 | ||
| P/OCF | 9.82 | ||
| P/B | 2.3 | ||
| P/tB | 2.3 | ||
| EV/EBITDA | 14.18 |
EPS(TTM)2.07
EY2.71%
EPS(NY)2.06
Fwd EY2.7%
FCF(TTM)0.31
FCFY0.41%
OCF(TTM)7.79
OCFY10.18%
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 | 8.4 | ||
| Cap/Depr | 132.22% | ||
| Cap/Sales | 34.3% | ||
| Interest Coverage | 1.52 | ||
| Cash Conversion | 64.04% | ||
| Profit Quality | 997.06% | ||
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.13 | ||
| Altman-Z | 0.56 |
F-Score5
WACC6.45%
ROIC/WACC0.52
Cap/Depr(3y)181.94%
Cap/Depr(5y)170.94%
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-10.22%
EPS Next 2Y-4.28%
EPS Next 3Y-0.54%
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 2Y2.28%
Revenue Next 3Y2.65%
Revenue Next 5Y2.62%
EBIT growth 1Y-0.42%
EBIT growth 3Y1.65%
EBIT growth 5Y-0.5%
EBIT Next Year87.87%
EBIT Next 3Y26.48%
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%