Financials Boston Properties, Inc. Sao Paulo

Equities

BOXP34

BRBOXPBDR008

Commercial REITs

Market Closed - Sao Paulo 11:44:15 25/06/2024 pm IST 5-day change 1st Jan Change
33.6 BRL -0.09% Intraday chart for Boston Properties, Inc. -1.15% -3.11%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 21,316 14,714 17,992 10,593 11,012 9,692 - -
Enterprise Value (EV) 1 32,483 26,094 30,436 24,097 25,256 24,833 24,992 25,160
P/E ratio 41.8 x 17.1 x 36.3 x 12.5 x 58 x 28.7 x 30.5 x 26.4 x
Yield 2.78% 4.15% 3.4% - 5.59% 6.4% 6.43% 6.42%
Capitalization / Revenue 7.2 x 5.32 x 6.23 x 3.41 x 3.36 x 2.93 x 2.84 x 2.77 x
EV / Revenue 11 x 9.43 x 10.5 x 7.75 x 7.72 x 7.5 x 7.33 x 7.18 x
EV / EBITDA 18.8 x 16.4 x 18.1 x 13.3 x 13.5 x 12.8 x 12.5 x 12 x
EV / FCF 605 x - -1,704 x 62.4 x - 88.5 x 82 x -
FCF Yield 0.17% - -0.06% 1.6% - 1.13% 1.22% -
Price to Book 3.75 x 2.45 x 3.08 x 1.73 x 1.87 x 1.85 x 1.99 x 2.13 x
Nbr of stocks (in thousands) 1,54,622 1,55,660 1,56,207 1,56,755 1,56,940 1,57,059 - -
Reference price 2 137.9 94.53 115.2 67.58 70.17 61.71 61.71 61.71
Announcement Date 28/01/20 26/01/21 25/01/22 31/01/23 30/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,961 2,766 2,889 3,109 3,274 3,310 3,411 3,502
EBITDA 1 1,723 1,589 1,685 1,808 1,865 1,940 1,998 2,099
EBIT 1 1,046 905.3 968 1,059 1,034 1,044 1,085 1,163
Operating Margin 35.32% 32.73% 33.51% 34.05% 31.6% 31.54% 31.81% 33.21%
Earnings before Tax (EBT) 1 652 1,019 631.9 1,021 291.4 474.7 484.3 590.2
Net income 1 511 862.2 496.2 848.9 190.2 337.1 324.1 361.1
Net margin 17.26% 31.18% 17.18% 27.31% 5.81% 10.18% 9.5% 10.31%
EPS 2 3.300 5.540 3.170 5.400 1.210 2.148 2.023 2.338
Free Cash Flow 1 53.69 - -17.86 386.4 - 280.6 304.9 -
FCF margin 1.81% - -0.62% 12.43% - 8.48% 8.94% -
FCF Conversion (EBITDA) 3.12% - - 21.37% - 14.46% 15.26% -
FCF Conversion (Net income) 10.51% - - 45.52% - 83.24% 94.08% -
Dividend per Share 2 3.830 3.920 3.920 - 3.920 3.949 3.968 3.961
Announcement Date 28/01/20 26/01/21 25/01/22 31/01/23 30/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 731.1 754.3 773.9 790.5 789.8 803.2 817.2 824.3 828.9 839.4 817.2 823.6 830.6 838 842.9
EBITDA 1 430.2 432 455.2 462.2 458.9 443.3 468.9 479 474 464.4 479.6 489.6 490.8 487.1 496.1
EBIT 1 252.7 254.3 272.1 271.5 260.6 234.5 266.3 271.6 261.9 245.7 257.7 269.3 267.7 262.2 261.2
Operating Margin 34.57% 33.72% 35.16% 34.35% 32.99% 29.2% 32.59% 32.95% 31.6% 29.27% 31.53% 32.7% 32.23% 31.28% 30.99%
Earnings before Tax (EBT) - - 267.2 - - - - - 153.2 106.6 - - - - -
Net income 1 184.5 143 223 361 121.8 77.89 104.3 -111.8 119.9 79.88 74.76 82.57 87.36 66.45 72.01
Net margin 25.24% 18.96% 28.81% 45.66% 15.42% 9.7% 12.76% -13.57% 14.47% 9.52% 9.15% 10.03% 10.52% 7.93% 8.54%
EPS 2 1.180 0.9100 1.420 2.290 0.7800 0.5000 0.6600 -0.7100 0.7600 0.5100 0.4906 0.5348 0.5656 0.4114 0.4359
Dividend per Share 2 0.9800 0.9800 0.9800 0.9800 - 0.9800 0.9800 0.9800 0.9800 0.9800 0.9800 0.9844 0.9844 0.9871 0.9883
Announcement Date 25/01/22 02/05/22 26/07/22 25/10/22 31/01/23 25/04/23 01/08/23 01/11/23 30/01/24 30/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 11,167 11,379 12,444 13,504 14,244 15,141 15,300 15,468
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.48 x 7.161 x 7.383 x 7.468 x 7.637 x 7.806 x 7.656 x 7.37 x
Free Cash Flow 1 53.7 - -17.9 386 - 281 305 -
ROE (net income / shareholders' equity) 8.84% 7.37% 6.89% 14.2% 3.17% 6.66% 5.18% 6.06%
ROA (Net income/ Total Assets) 2.46% 3.91% 1.8% 3.65% 0.76% 1.78% 1.15% 1.35%
Assets 1 20,770 22,072 27,530 23,286 25,118 18,904 28,281 26,734
Book Value Per Share 2 36.70 38.50 37.40 39.10 37.40 33.40 31.00 28.90
Cash Flow per Share 2 7.630 7.440 7.250 8.160 8.280 5.950 6.050 6.490
Capex 1 1,127 1,015 1,151 2,216 1,008 655 571 452
Capex / Sales 38.08% 36.7% 39.85% 71.29% 30.8% 19.78% 16.75% 12.92%
Announcement Date 28/01/20 26/01/21 25/01/22 31/01/23 30/01/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
61.71 USD
Average target price
70.05 USD
Spread / Average Target
+13.52%
Consensus
  1. Stock Market
  2. Equities
  3. BXP Stock
  4. BOXP34 Stock
  5. Financials Boston Properties, Inc.