Company Valuation: Broadstone Net Lease, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,003 2,806 3,225 2,990 3,287 4,108 - -
Change - -29.89% 14.91% -7.26% 9.91% 25% - -
Enterprise Value (EV) 1 5,664 4,769 5,115 4,887 5,764 6,844 7,082 7,257
Change - -15.8% 7.24% -4.44% 17.93% 18.74% 3.48% 2.48%
P/E 37x 22.5x 20.7x 18.4x 34.7x 26.1x 24.9x 24.7x
PBR 1.66x - 1.11x 1.04x 1.15x 1.47x 1.49x 1.5x
PEG - 3.02x 1.4x 5.09x -0.8x 0.4x 5.04x 33.9x
Capitalization / Revenue 10.5x 6.89x 7.28x 6.93x 7.24x 8.3x 7.67x 7.05x
EV / Revenue 14.8x 11.7x 11.5x 11.3x 12.7x 13.8x 13.2x 12.5x
EV / EBITDA 17.3x 13.5x 13.5x 13.2x 14.7x 15.9x 14.4x 13.9x
EV / EBIT 28.9x 24.1x 23.3x 22.4x 25.3x 31.4x 28.4x 22.1x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.025 1.08 1.12 1.155 1.16 1.169 1.201 1.235
Rate of return 4.13% 6.66% 6.5% 7.28% 6.68% 5.46% 5.61% 5.77%
EPS 2 0.67 0.72 0.83 0.86 0.5 0.82 0.8605 0.8668
Distribution rate 153% 150% 135% 134% 232% 143% 140% 142%
Net sales 1 382.9 407.5 442.9 431.8 454.1 495.2 535.8 582.8
EBITDA 1 328.1 352.8 378.4 369.1 392.3 431.6 491.4 521.1
EBIT 1 196 198 219.8 217.9 228.2 217.7 249 328.1
Net income 1 102.4 129.5 155.5 162.4 96.5 155.6 175.5 181.1
Net Debt 1 1,662 1,963 1,890 1,897 2,477 2,735 2,973 3,149
Reference price 2 24.82 16.21 17.22 15.86 17.37 21.41 21.41 21.41
Nbr of stocks (in thousands) 161,267 173,115 187,257 188,547 189,216 191,893 - -
Announcement Date 2/22/22 2/22/23 2/21/24 2/19/25 2/18/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.11x13.82x15.86x5.46% 4.11B
40.91x15.78x16.36x5.13% 59.56B
17.02x23.77x28.82x3.39% 17.58B
9.51x12.77x15.52x5.21% 17.5B
20.57x17.25x25.68x4.82% 15.43B
11.43x13.98x16.56x5.02% 12.98B
10x22.22x30.05x2.8% 10.73B
30.57x11.55x18.06x3.69% 10.78B
16.35x12.55x19.64x5.91% 10B
24.95x7.36x12.05x5.6% 8.97B
Average 20.74x 15.11x 19.86x 4.7% 16.76B
Weighted average by Cap. 25.65x 15.75x 19.39x 4.75%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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