GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Broadstone Net Lease Inc (NYSE:BNL) » Definitions » Intrinsic Value: Projected FCF

Broadstone Net Lease (Broadstone Net Lease) Intrinsic Value: Projected FCF : $23.51 (As of May. 03, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Broadstone Net Lease Intrinsic Value: Projected FCF?

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 (2024-05-03), Broadstone Net Lease's Intrinsic Value: Projected FCF is $23.51. The stock price of Broadstone Net Lease is $15.125. Therefore, Broadstone Net Lease's Price-to-Intrinsic-Value-Projected-FCF of today is 0.6.

The historical rank and industry rank for Broadstone Net Lease's Intrinsic Value: Projected FCF or its related term are showing as below:

BNL' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.56   Med: 0.62   Max: 1.03
Current: 0.64

During the past 9 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Broadstone Net Lease was 1.03. The lowest was 0.56. And the median was 0.62.

BNL's Price-to-Projected-FCF is ranked better than
54.1% of 549 companies
in the REITs industry
Industry Median: 0.67 vs BNL: 0.64

Broadstone Net Lease Intrinsic Value: Projected FCF Historical Data

The historical data trend for Broadstone Net Lease'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.

* Premium members only.

Broadstone Net Lease Intrinsic Value: Projected FCF Chart

Broadstone Net Lease Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only - - - 26.63 23.74

Broadstone Net Lease Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.30 25.80 25.34 23.74 23.51

Competitive Comparison of Broadstone Net Lease's Intrinsic Value: Projected FCF

For the REIT - Diversified subindustry, Broadstone Net Lease'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.


Broadstone Net Lease's Price-to-Projected-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Broadstone Net Lease's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Broadstone Net Lease's Price-to-Projected-FCF falls into.



Broadstone Net Lease Intrinsic Value: Projected FCF Calculation

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 Broadstone Net Lease's Free Cash Flow(6 year avg) = $191.01.

Broadstone Net Lease'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 (Mar24)*0.8)/Shares Outstanding (Diluted Average)
=(11.29937129898*191.01168+3073.622*0.8)/196.417
=23.51

* 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.


Broadstone Net Lease  (NYSE:BNL) 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.

Broadstone Net Lease's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=15.125/23.507178578035
=0.64

* 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.


Broadstone Net Lease Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of Broadstone Net Lease's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Broadstone Net Lease (Broadstone Net Lease) Business Description

Industry
Traded in Other Exchanges
Address
800 Clinton Square, Rochester, NY, USA, 14604
Broadstone Net Lease Inc is an internally-managed real estate investment trust that invests in, owns, and manages single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The company has selectively invested in net leased assets in the industrial, healthcare, restaurant, retail, and office property types. The company focuses on investing in real estate that is operated by creditworthy single tenants in industries characterized by positive business drivers and trends. The company targets properties that are an integral part of the tenants' businesses and are therefore opportunities to secure long-term net leases.
Executives
John David Moragne officer: See Remarks 800 CLINTON SQUARE, ROCHESTER NY 14604
Ryan M Albano officer: See Remarks 800 CLINTON SQUARE, ROCHESTER NY 14604
Michael B. Caruso officer: SVP, Finance BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Kevin Fennell officer: SVP - Capital Markets BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Roderick Pickney officer: SVP - Acquisitions BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Michael A Coke director TERRENO REALTY CORPORATION, 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104
Jennie O'brien officer: SVP - Accounting & Controller BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Jessica Duran director BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Laura L. Felice director C/O BJ'S WHOLESALE CLUB, INC., 350 CAMPUS DRIVE, MARLBOROUGH MA 01752
Lessard Laurier J Jr officer: SVP - Asset Management BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Molly Wiegel officer: SVP - Human Resources BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Denise Brooks-williams director BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Andrea T. Wright officer: SVP, Property Management BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Kristen Duckles officer: SVP & Chief Admin. Officer BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Christopher J Czarnecki director, officer: Chief Executive Officer 800 CLINTON SQUARE, ROCHESTER NY 14604