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 9,942 - -
Change - -41.12% 3.96% 6.76% -9.05% -7.03% - -
Enterprise Value (EV) 1 30,436 24,097 25,256 26,642 25,746 25,198 25,398 25,641
Change - -20.83% 4.81% 5.49% -3.37% -2.13% 0.79% 0.96%
P/E 36.3x 12.5x 58x 826x 38.8x 29.4x 32.6x 30.5x
PBR 3.08x 1.73x 1.87x 2.17x 2.32x 2.05x 2.27x 2.33x
PEG - 0.2x -0.7x -8.9x 0x 1.4x -3.33x 4.47x
Capitalization / Revenue 6.23x 3.41x 3.36x 3.45x 3.07x 2.8x 2.74x 2.72x
EV / Revenue 10.5x 7.75x 7.72x 7.82x 7.39x 7.09x 7x 7.01x
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 23.8x 23.2x 22.5x
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% 4.5% 4.69% 4.83%
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 62.27 62.27 62.27
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.42x7.09x12.51x4.5% 994.21Cr
23.57x15.88x25.73x4.18% 662.6Cr
22.6x15.67x26.21x4.51% 520.91Cr
159.31x7.78x12.16x4.52% 468.95Cr
38.05x12.23x15.96x6.33% 434.26Cr
9.19x13.01x14.02x6.73% 411.51Cr
139.64x7.56x13.13x6.44% 396.03Cr
23.39x8.21x15.04x3.78% 381.65Cr
-25.47x9.71x21.98x4.83% 360.48Cr
Average 46.63x 10.79x 17.41x 5.09% 514.51Cr
Weighted average by Cap. 44.64x 10.73x 17.36x 4.96%

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