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IntroductionThe concept of valuationRevenue and revenue growthVariable costsFixed costsProduction assets

Intrinsic value of Boston Properties, Inc. (BXP)

Previous Close$48.42
Intrinsic Value$54.23
Upside potential  +12%
Previous Close
$48.42
Intrinsic Value
$54.23
Potential        
+12%

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, $/sh54.23 54.23

The original valuation is based on fiscal year data as of 2022-12-31 and quarterly data as of 2023-03-31.

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 six properties under construction/redevelopment.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2022(a)2023202420252026202720282029203020312032203320342035203620372038203920402041204220432044204520462047

INCOME STATEMENT

Revenue growth rate, %7.6NaN
Revenue, $3109NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m2050NaN
Operating income, $m1059NaN
EBITDA, $m1811NaN
Interest expense (income), $mNaN
Earnings before tax, $m948NaN
Tax expense, $m99NaN
Net income, $m849NaN

BALANCE SHEET

Cash and short-term investments, $m737NaN
Total assets, $m24208NaN
Adjusted assets (=assets-cash), $m23471NaN
Average production assets, $m19543NaN
Working capital, $m1665NaN
Total debt, $m14499NaN
Total liabilities, $m15844NaN
Total equity, $m8364NaN
Debt-to-equity ratio1.733NaN
Adjusted equity ratio0.325NaN

CASH FLOW

Net income, $m849NaN
Depreciation, amort., depletion, $m752NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m1282NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-1381NaN
Free cash flow, $m2664NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m1665
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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