Company Valuation: BXP, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 17,992 10,593 11,012 11,757 10,693 9,853 - -
Change - -41.12% 3.96% 6.76% -9.05% -7.86% - -
Enterprise Value (EV) 1 30,436 24,097 25,256 26,642 25,746 25,109 25,309 25,551
Change - -20.83% 4.81% 5.49% -3.37% -2.47% 0.8% 0.96%
P/E 36.3x 12.5x 58x 826x 38.8x 29.2x 32.3x 30.3x
PBR 3.08x 1.73x 1.87x 2.17x 2.32x 2.03x 2.25x 2.31x
PEG - 0.2x -0.7x -8.9x 0x 1.3x -3.3x 4.44x
Capitalization / Revenue 6.23x 3.41x 3.36x 3.45x 3.07x 2.77x 2.72x 2.69x
EV / Revenue 10.5x 7.75x 7.72x 7.82x 7.39x 7.07x 6.97x 6.99x
EV / EBITDA 18.1x 13.3x 13.5x 14x 13.4x 12.5x 12.3x 12.1x
EV / EBIT 31.4x 22.8x 24.4x 26.1x 25.4x 23.7x 23.1x 22.4x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 3.92 - 3.92 3.92 3.36 2.802 2.922 3.007
Rate of return 3.4% - 5.59% 5.27% 4.98% 4.54% 4.73% 4.87%
EPS 2 3.17 5.4 1.21 0.09 1.74 2.117 1.91 2.04
Distribution rate 124% - 324% 4,356% 193% 132% 153% 147%
Net sales 1 2,889 3,109 3,274 3,408 3,482 3,553 3,629 3,657
EBITDA 1 1,685 1,808 1,865 1,908 1,924 2,014 2,059 2,120
EBIT 1 968 1,059 1,034 1,020 1,012 1,059 1,094 1,139
Net income 1 496.2 848.9 190.2 14.27 276.8 347.1 318.5 354.5
Net Debt 1 12,444 13,504 14,244 14,885 15,052 15,256 15,456 15,699
Reference price 2 115.18 67.58 70.17 74.36 67.48 61.71 61.71 61.71
Nbr of stocks (in thousands) 1,56,207 1,56,755 1,56,940 1,58,111 1,58,469 1,59,662 - -
Announcement Date 25/01/22 31/01/23 30/01/24 28/01/25 27/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
39.5x18.69x23.73x3.23% 13TCr
30.86x14.03x17.83x4.41% 6.61TCr
36.52x14.64x15.12x5.92% 5.2TCr
17.93x15.15x17.26x1.15% 3.73TCr
16.54x23.24x27.85x3.49% 1.68TCr
26.33x10.56x14.57x4.79% 1.5TCr
8.2x11.84x14.51x6.08% 1.48TCr
17.88x15.97x23.13x5.41% 1.38TCr
29.27x11.14x16.32x4.18% 1.33TCr
Average 24.78x 15.03x 18.92x 4.29% 3.95TCr
Weighted average by Cap. 31.02x 16.06x 19.81x 3.94%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield