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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-10-31), BXP's Intrinsic Value: Projected FCF is $102.58. The stock price of BXP is $80.56. Therefore, BXP's Price-to-Intrinsic-Value-Projected-FCF of today is 0.8.
The historical rank and industry rank for BXP's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of BXP was 2.47. The lowest was 0.55. And the median was 1.43.
The historical data trend for BXP's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BXP Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 89.54 | 93.99 | 95.71 | 100.13 | 102.85 |
BXP Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 101.03 | 102.85 | 101.59 | 102.58 | - |
For the REIT - Office subindustry, BXP's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the REITs industry and Real Estate sector, BXP's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where BXP's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)
In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)
Add all the Free Cash Flow together and divide 6 will get BXP's Free Cash Flow(6 year avg) = $1,153.47.
BXP's Intrinsic Value: Projected FCF for today is calculated as
Intrinsic Value: Projected FCF | = | (Growth Multiple | * | Free Cash Flow (6 year avg) | + | Total Stockholders Equity (Sep24) | * | 0.8) | / | Shares Outstanding (Diluted Average) |
= | (9.5203515959648 | * | 1153.47344 | + | 5759.209 | * | 0.8) | / | 158.213 | |
= | 98.53 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BXP (NYSE:BXP) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
BXP's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF | = | Share Price | / | Intrinsic Value: Projected FCF |
= | 80.56 | / | 98.530714324405 | |
= | 0.82 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of BXP's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Raymond A Ritchey | officer: Executive Vice President | BOSTON PROPERTIES, INC., 901 NEW YORK AVENUE, NW, WASHINGTON DC 20001 |
Peter V Otteni | officer: Senior Vice President | 2200 PENNSYLVANIA AVENUE NW, SUITE 200W, WASHINGTON DC 20037 |
Eric G Kevorkian | officer: SVP, CLO and Secretary | 800 BOYLSTON STREET, SUITE 1900, BOSTON MA 02199 |
Rodney Diehl | officer: Senior Vice President | FOUR EMBARCADERO CENTER, SAN FRANCISCO CA 94549 |
Carol B. Einiger | director | POST ROCK ADVISORS, LLC, ONE ROCKEFELLER PLAZA, 28TH FLOOR, NEW YORK NY 10020 |
Tony West | director | 1455 MARKET STREET, 4TH FLOOR, SAN FRANCISCO CA 94103 |
Matthew J Lustig | director | LAZARD FRERES & CO LLC, 30 ROCKEFELLER PLZA 50TH FL, NEW YORK NY 10020 |
Donna D Garesche | officer: EVP, Chief HR Officer | C/O BOSTON PROPERTIES, INC., 800 BOYLSTON STREET, BOSTON MA 02199 |
Hilary J. Spann | officer: Executive Vice President | 599 LEXINGTON AVENUE, 16TH FLOOR, NEW YORK NY 10022 |
Mary E Kipp | director | 100 N STANTON, EL PASO TX 79901 |
Douglas T Linde | officer: SVP & CFO | BOSTON PROPERTIES, INC., 800 BOYLSTON STREET, BOSTON MA 02199 |
Frank D Burt | officer: Senior Vice President | BOSTON PROPERTIES, INC., 800 BOYLSTON STREET, BOSTON MA 02199 |
John J Stroman | officer: Senior Vice President | 2200 PENNSYLVANIA AVENUE NW, SUITE 200W, WASHINGTON DC 20037 |
Bryan J Koop | officer: Senior Vice President | BOSTON PROPERTIES, INC., 800 BOYLSTON STREET, BOSTON MA 02199 |
Bruce W Duncan | director | ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606 |
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