Financials Broadstone Net Lease, Inc.

Equities

BNL

US11135E2037

Commercial REITs

Market Closed - Nyse 01:30:02 18/06/2024 am IST 5-day change 1st Jan Change
15.34 USD +0.39% Intraday chart for Broadstone Net Lease, Inc. +0.99% -10.92%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,835 4,003 2,806 3,225 2,891 - -
Enterprise Value (EV) 1 4,272 5,664 4,769 5,115 5,070 4,970 5,021
P/E ratio 44.5 x 37 x 22.5 x 20.7 x 19.2 x 21.6 x 23.2 x
Yield 1.97% 4.13% 6.66% 6.5% 7.52% 7.57% 7.64%
Capitalization / Revenue 8.81 x 10.5 x 6.89 x 7.28 x 6.84 x 6.47 x 6.07 x
EV / Revenue 13.3 x 14.8 x 11.7 x 11.5 x 12 x 11.1 x 10.5 x
EV / EBITDA 15.7 x 17.3 x 13.5 x 13.5 x 13.7 x 12.4 x 12 x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 1.24 x 1.66 x - 1.11 x 1.01 x 1.03 x 1.06 x
Nbr of stocks (in thousands) 1,44,786 1,61,267 1,73,115 1,87,257 1,88,430 - -
Reference price 2 19.58 24.82 16.21 17.22 15.34 15.34 15.34
Announcement Date 24/02/21 22/02/22 22/02/23 21/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 298.8 321.6 382.9 407.5 442.9 422.6 446.9 476.3
EBITDA 1 - 272.4 328.1 352.8 378.4 370.2 402 417.2
EBIT 1 - 139.8 196 198 219.8 198.1 216.2 224.3
Operating Margin - 43.45% 51.18% 48.58% 49.63% 46.87% 48.39% 47.09%
Earnings before Tax (EBT) - - - - - - - -
Net income 1 79.39 51.18 102.4 129.5 155.5 155.5 140.7 131.1
Net margin 26.57% 15.91% 26.75% 31.77% 35.11% 36.81% 31.49% 27.53%
EPS 2 3.310 0.4400 0.6700 0.7200 0.8300 0.7971 0.7107 0.6607
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - 0.3850 1.025 1.080 1.120 1.154 1.161 1.172
Announcement Date 05/08/20 24/02/21 22/02/22 22/02/23 21/02/24 - - -
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 92.64 93.84 98.01 103.5 112.1 119 109.4 109.5 105 105.4 104.9 106.4 109.8 110.7 109.2
EBITDA 1 79.68 79.97 86.26 92.52 - 102.2 - - - 91.56 92.68 93.8 99.03 102 104.6
EBIT 1 46.2 45.68 - - - - - - - 53.79 50.44 51.91 43.24 42.76 -
Operating Margin 49.87% 48.68% - - - - - - - 51.05% 48.09% 48.79% 39.38% 38.61% -
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income 1 30.29 26.76 33.52 27.11 36.77 39.3 60.01 49.68 6.478 65.11 33.71 33.91 33.73 33.72 33.32
Net margin 32.7% 28.51% 34.2% 26.19% 32.79% 33.03% 54.88% 45.35% 6.17% 61.8% 32.14% 31.87% 30.73% 30.45% 30.5%
EPS 2 0.1900 0.1600 0.2000 0.1600 0.2000 0.2100 0.3200 0.2600 0.0300 0.3500 0.1766 0.1768 0.1795 0.1750 0.1700
Dividend per Share 2 0.2650 0.2650 0.2700 0.2700 0.2750 0.2750 0.2800 - 0.2850 0.2850 0.2900 0.2900 0.2900 0.2900 0.2900
Announcement Date 22/02/22 03/05/22 03/08/22 02/11/22 22/02/23 03/05/23 02/08/23 01/11/23 21/02/24 01/05/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 1,437 1,662 1,963 1,890 2,179 2,079 2,131
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - 5.274 x 5.065 x 5.565 x 4.994 x 5.888 x 5.171 x 5.107 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) - 2.58% 4.2% 4.57% 5.1% 4.88% 5.03% 5.1%
ROA (Net income/ Total Assets) - 1.25% 2.31% 2.57% 2.92% 2.69% 2.59% 2.55%
Assets 1 - 4,088 4,439 5,038 5,324 5,774 5,432 5,141
Book Value Per Share 2 - 15.80 14.90 - 15.50 15.10 14.90 14.50
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 05/08/20 24/02/21 22/02/22 22/02/23 21/02/24 - - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
15.34 USD
Average target price
17.75 USD
Spread / Average Target
+15.71%
Consensus
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  4. Financials Broadstone Net Lease, Inc.