BXP INC (BXP) Stock Fundamental Analysis
USA - NYSE:BXP - US1011211018 - REIT
69.49 USD
-1.96 (-2.74%)
68.2 USD
-1.29 (-1.86%)
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. There are concerns on the financial health of BXP while its profitability can be described as average. BXP has a expensive valuation and it also scores bad on growth.
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.
Each year in the past 5 years BXP had a positive operating cash flow.
1.2 Ratios
BXP has a Return On Assets (0.02%) which is in line with its industry peers.
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 3.02%.
| 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
With a Profit Margin value of 0.14%, BXP perfoms like the industry average, outperforming 43.08% of the companies in the same industry.
BXP's Profit Margin has declined in the last couple of years.
BXP's Operating Margin of 29.84% is fine compared to the rest of the industry. BXP outperforms 63.08% of its industry peers.
In the last couple of years the Operating Margin of BXP has declined.
BXP's Gross Margin of 60.37% is on the low side compared to the rest of the industry. BXP is outperformed by 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.
BXP has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, BXP has more shares outstanding
The debt/assets ratio for BXP is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.53, we must say that BXP is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.53, BXP perfoms like the industry average, outperforming 53.85% of the companies in the same industry.
The Debt to FCF ratio of BXP is 329.23, which is on the high side as it means it would take BXP, 329.23 years of fcf income to pay off all of its debts.
BXP has a Debt to FCF ratio of 329.23. This is comparable to the rest of the industry: BXP outperforms 58.46% of its industry peers.
A Debt/Equity ratio of 3.08 is on the high side and indicates that BXP has dependencies on debt 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 | 0.53 |
ROIC/WACC0.54
WACC6.12%
2.3 Liquidity
A Current Ratio of 1.13 indicates that BXP should not have too much problems paying 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 of 1.13. This is comparable to the rest of the industry: BXP outperforms 55.38% of 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%.
Measured over the past years, BXP shows a decrease in Earnings Per Share. The EPS has been decreasing by -7.37% on average per year.
Looking at the last year, BXP shows a small growth in Revenue. The Revenue has grown by 3.24% in the last year.
BXP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.85% yearly.
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.
BXP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.31% yearly.
EPS Next Y-7.42%
EPS Next 2Y-2.79%
EPS Next 3Y1.43%
EPS Next 5Y6.27%
Revenue Next Year2%
Revenue Next 2Y2.21%
Revenue Next 3Y2.65%
Revenue Next 5Y2.31%
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
Based on the Price/Earnings ratio of 33.57, the valuation of BXP can be described as expensive.
The rest of the industry has a similar Price/Earnings ratio as BXP.
BXP is valuated rather expensively when we compare the Price/Earnings ratio to 27.02, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 32.69 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 72.31% of the companies are valued more expensively.
BXP's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 22.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.57 | ||
| Fwd PE | 32.69 |
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 ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 223.99 | ||
| EV/EBITDA | 13.68 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-2.79%
EPS Next 3Y1.43%
5. Dividend
5.1 Amount
BXP has a Yearly Dividend Yield of 3.92%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 7.00, BXP is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.43, BXP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.92% |
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
BXP pays out 14036.40% 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.
DP14036.4%
EPS Next 2Y-2.79%
EPS Next 3Y1.43%
69.49
-1.96 (-2.74%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners110.58%
Inst Owner Change0%
Ins Owners0.19%
Ins Owner Change2.1%
Market Cap11.01B
Analysts70
Price Target78.73 (13.3%)
Short Float %6.28%
Short Ratio5.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.92% |
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)2.57%
PT rev (3m)2.51%
EPS NQ rev (1m)1.25%
EPS NQ rev (3m)4.8%
EPS NY rev (1m)3.13%
EPS NY rev (3m)11.23%
Revenue NQ rev (1m)0.12%
Revenue NQ rev (3m)-0.48%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.57 | ||
| Fwd PE | 32.69 | ||
| P/S | 3.19 | ||
| P/FCF | 223.99 | ||
| P/OCF | 8.93 | ||
| P/B | 2.09 | ||
| P/tB | 2.09 | ||
| EV/EBITDA | 13.68 |
EPS(TTM)2.07
EY2.98%
EPS(NY)2.13
Fwd EY3.06%
FCF(TTM)0.31
FCFY0.45%
OCF(TTM)7.79
OCFY11.2%
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 | 8.41 | ||
| Cap/Depr | 132.6% | ||
| Cap/Sales | 34.3% | ||
| Interest Coverage | 1.52 | ||
| Cash Conversion | 64.12% | ||
| Profit Quality | 997.06% | ||
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.13 | ||
| Altman-Z | 0.53 |
F-Score5
WACC6.12%
ROIC/WACC0.54
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)-14.81%
EPS 3Y-10.8%
EPS 5Y-7.37%
EPS Q2Q%-13.73%
EPS Next Y-7.42%
EPS Next 2Y-2.79%
EPS Next 3Y1.43%
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 2Y2.21%
Revenue Next 3Y2.65%
Revenue Next 5Y2.31%
EBIT growth 1Y-0.42%
EBIT growth 3Y1.65%
EBIT growth 5Y-0.5%
EBIT Next Year87.68%
EBIT Next 3Y26.19%
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%