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Intrinsic value of Boston Properties, Inc. (BXP)

Previous Close$86.59
Intrinsic Value
Upside potential
Previous Close
$86.59
* Our model cannot be used “out of the box” for the valuation of this stock. You can still do your own valuation by changing the valuation input parameters.
Use floor (the cash flow based valuation has rendered a result, which is lower than an estimated minimum value derived from the company’s balance sheet analysis)

VALUATION INPUT DATA (original, your and others' valuations)

ParameterOrig.Your
Date of valuation (DoV)  
Intrinsic value (IV) at DoV, $/sh  
IV at current val. algorithm, $/sh45.53 

The original valuation is based on fiscal year data as of 2021-12-31 and quarterly data as of 2022-03-31.

Registered users can save their valuation input data

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

Company description

Boston Properties (NYSE: BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets - Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space. The Company's portfolio totals 51.2 million square feet and 196 properties, including seven properties under construction/redevelopment.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %4.5NaN
Revenue, $2889NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m1921NaN
Operating income, $m968NaN
EBITDA, $m1689NaN
Interest expense (income), $mNaN
Earnings before tax, $m594NaN
Tax expense, $m98NaN
Net income, $m496NaN

BALANCE SHEET

Cash and short-term investments, $m501NaN
Total assets, $m22365NaN
Adjusted assets (=assets-cash), $m21864NaN
Average production assets, $m18047NaN
Working capital, $m1470NaN
Total debt, $m13345NaN
Total liabilities, $m16521NaN
Total equity, $m5844NaN
Debt-to-equity ratio2.284NaN
Adjusted equity ratio0.244NaN

CASH FLOW

Net income, $m496NaN
Depreciation, amort., depletion, $m721NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m1133NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-971NaN
Free cash flow, $m2104NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m1470
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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