BNL Valuation

Broadstone Net Lease Inc

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18.550

+0.11(0.597%)1D

Overview
Forecast
Valuation
Earnings

BNL Relative Valuation

BNL's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, BNL is overvalued; if below, it's undervalued.

Historical Valuation

Broadstone Net Lease Inc (BNL) is now in the Fair zone, suggesting that its current forward PE ratio of 34.26 is considered Fairly compared with the five-year average of 27.55. The fair price of Broadstone Net Lease Inc (BNL) is between 12.90 to 19.48 according to relative valuation methord.

Relative Value

Fair Zone

12.90-19.48

Current Price：18.43

Fair

34.47

Trailing

Forward

14.13

EV/EBITDA

Broadstone Net Lease Inc. (BNL) has a current EV/EBITDA of 14.13. The 5-year average EV/EBITDA is 14.11. The thresholds are as follows: Strongly Undervalued below 10.38, Undervalued between 10.38 and 12.24, Fairly Valued between 15.97 and 12.24, Overvalued between 15.97 and 17.83, and Strongly Overvalued above 17.83. The current Forward EV/EBITDA of 14.13 falls within the Historic Trend Line -Fairly Valued range.

26.43

EV/EBIT

Broadstone Net Lease Inc. (BNL) has a current EV/EBIT of 26.43. The 5-year average EV/EBIT is 25.71. The thresholds are as follows: Strongly Undervalued below 18.02, Undervalued between 18.02 and 21.87, Fairly Valued between 29.56 and 21.87, Overvalued between 29.56 and 33.40, and Strongly Overvalued above 33.40. The current Forward EV/EBIT of 26.43 falls within the Historic Trend Line -Fairly Valued range.

7.61

Broadstone Net Lease Inc. (BNL) has a current PS of 7.61. The 5-year average PS is 7.67. The thresholds are as follows: Strongly Undervalued below 4.86, Undervalued between 4.86 and 6.26, Fairly Valued between 9.07 and 6.26, Overvalued between 9.07 and 10.47, and Strongly Overvalued above 10.47. The current Forward PS of 7.61 falls within the Historic Trend Line -Fairly Valued range.

0.00

P/OCF

Broadstone Net Lease Inc. (BNL) has a current P/OCF of 0.00. The 5-year average P/OCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/OCF of 0.00 falls within the Strongly Undervalued range.

0.00

P/FCF

Broadstone Net Lease Inc. (BNL) has a current P/FCF of 0.00. The 5-year average P/FCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.

Broadstone Net Lease Inc (BNL) has a current Price-to-Book (P/B) ratio of 1.20. Compared to its 3-year average P/B ratio of 1.01 , the current P/B ratio is approximately 18.65% higher. Relative to its 5-year average P/B ratio of 1.15, the current P/B ratio is about 4.34% higher. Broadstone Net Lease Inc (BNL) has a Forward Free Cash Flow (FCF) yield of approximately 7.19%. Compared to its 3-year average FCF yield of 7.80%, the current FCF yield is approximately -7.81% lower. Relative to its 5-year average FCF yield of 7.16% , the current FCF yield is about 0.37% lower.

1.21

P/B

Median3y

1.01

Median5y

1.15

7.21

FCF Yield

Median3y

7.80

Median5y

7.16

Competitors Valuation Multiple

The average P/S ratio for BNL's competitors is 6.29, providing a benchmark for relative valuation. Broadstone Net Lease Inc Corp (BNL) exhibits a P/S ratio of 7.61, which is 20.89% above the industry average. Given its robust revenue growth of 6.68%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

BNL.N

Broadstone Net Lease Inc

Highwoods Properties Inc

National Health Investors Inc

Performance Decomposition

Market capitalization of BNL increased by 3.02% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 24.72 to 35.75.

The secondary factor is the Revenue Growth, contributed 6.68%to the performance.

Overall, the performance of BNL in the past 1 year is driven by P/E Change. Which is more unsustainable.

6.68%

105.91M → 112.99M

Revenue Growth

-48.28%

33.93 → 17.55

Margin Expansion

44.62%

24.72 → 35.75

P/E Change

3.02%