BROADSTONE NET LEASE, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.33 USD | -0.14% |
|
-1.17% | -16.78% |
| Apr. 10 | North American Morning Briefing : Traders Await -2- | DJ |
| Apr. 09 | Wolfe Research Downgrades Broadstone Net Lease to Peer Perform From Outperform | MT |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,835 | 4,003 | 2,806 | 3,225 | 2,699 | - | - |
| Enterprise Value (EV) 1 | 4,272 | 5,664 | 4,769 | 5,115 | 4,708 | 4,766 | 4,853 |
| P/E ratio | 44.5 x | 37 x | 22.5 x | 20.7 x | 20.7 x | 19.8 x | 21.1 x |
| Yield | 1.97% | 4.13% | 6.66% | 6.5% | 7.93% | 8.05% | 8.15% |
| Capitalization / Revenue | 8.81 x | 10.5 x | 6.89 x | 7.28 x | 6.27 x | 5.97 x | 5.63 x |
| EV / Revenue | 13.3 x | 14.8 x | 11.7 x | 11.5 x | 10.9 x | 10.5 x | 10.1 x |
| EV / EBITDA | 15.7 x | 17.3 x | 13.5 x | 13.5 x | 12.7 x | 12 x | 11.6 x |
| EV / FCF | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - |
| Price to Book | 1.24 x | 1.66 x | - | 1.11 x | 0.95 x | 0.96 x | 0.99 x |
| Nbr of stocks (in thousands) | 144,786 | 161,267 | 173,115 | 187,257 | 188,373 | - | - |
| Reference price 2 | 19.58 | 24.82 | 16.21 | 17.22 | 14.33 | 14.33 | 14.33 |
| Announcement Date | 2/24/21 | 2/22/22 | 2/22/23 | 2/21/24 | - | - | - |
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 | 430.5 | 452 | 479.6 |
| EBITDA 1 | - | 272.4 | 328.1 | 352.8 | 378.4 | 370.2 | 397.3 | 419.8 |
| EBIT 1 | - | 139.8 | 196 | 198 | 219.8 | 210 | 224.6 | 234.8 |
| Operating Margin | - | 43.45% | 51.18% | 48.58% | 49.63% | 48.78% | 49.68% | 48.96% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income 1 | 79.39 | 51.18 | 102.4 | 129.5 | 155.5 | 135.5 | 142.9 | 134.7 |
| Net margin | 26.57% | 15.91% | 26.75% | 31.77% | 35.11% | 31.47% | 31.61% | 28.09% |
| EPS 2 | 3.310 | 0.4400 | 0.6700 | 0.7200 | 0.8300 | 0.6939 | 0.7233 | 0.6807 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | 0.3850 | 1.025 | 1.080 | 1.120 | 1.136 | 1.154 | 1.168 |
| Announcement Date | 8/5/20 | 2/24/21 | 2/22/22 | 2/22/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 122.8 | 92.64 | 93.84 | 98.01 | 103.5 | 112.1 | 119 | 109.4 | 109.5 | 105 | 107.1 | 105.7 | 106.8 | 110.8 | 111 |
| EBITDA 1 | 83.39 | 79.68 | 79.97 | 86.26 | 92.52 | - | 102.2 | - | - | - | 91.14 | 89.39 | 91.17 | 93.8 | 96.3 |
| EBIT 1 | 46.71 | 46.2 | 45.68 | - | - | - | - | - | - | - | 49.66 | 46.06 | 41.39 | 47.5 | - |
| Operating Margin | 38.05% | 49.87% | 48.68% | - | - | - | - | - | - | - | 46.39% | 43.59% | 38.76% | 42.87% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 28.7 | 30.29 | 26.76 | 33.52 | 27.11 | 36.77 | 39.3 | 60.01 | 49.68 | 6.478 | 32.85 | 32.02 | 32.09 | 33.21 | 34.46 |
| Net margin | 23.37% | 32.7% | 28.51% | 34.2% | 26.19% | 32.79% | 33.03% | 54.88% | 45.35% | 6.17% | 30.68% | 30.3% | 30.05% | 29.97% | 31.05% |
| EPS 2 | 0.1800 | 0.1900 | 0.1600 | 0.2000 | 0.1600 | 0.2000 | 0.2100 | 0.3200 | 0.2600 | 0.0300 | 0.1722 | 0.1699 | 0.1735 | 0.1795 | 0.1800 |
| Dividend per Share 2 | 0.2550 | 0.2650 | 0.2650 | 0.2700 | 0.2700 | 0.2750 | 0.2750 | 0.2800 | - | 0.2850 | 0.2900 | 0.2900 | 0.2900 | 0.2900 | 0.2900 |
| Announcement Date | 11/1/21 | 2/22/22 | 5/3/22 | 8/3/22 | 11/2/22 | 2/22/23 | 5/3/23 | 8/2/23 | 11/1/23 | 2/21/24 | - | - | - | - | - |
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 | 2,008 | 2,067 | 2,153 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 5.274 x | 5.065 x | 5.565 x | 4.994 x | 5.424 x | 5.203 x | 5.129 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 | 5,029 | 5,516 | 5,282 |
| 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 | 8/5/20 | 2/24/21 | 2/22/22 | 2/22/23 | 2/21/24 | - | - | - |
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+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
14.33
USD
Average target price
17.83
USD
Spread / Average Target
+24.45%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -16.78% | 2.7B | |
| -6.46% | 46.25B | |
| -8.31% | 20.33B | |
| -3.56% | 13.07B | |
| +16.05% | 11.53B | |
| -4.85% | 9.68B | |
| -0.83% | 8.48B | |
| -14.19% | 8.38B | |
| +1.38% | 7.63B | |
| -18.42% | 5.53B |
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