Intrinsiqq
Broadstone Net Lease, Inc. logoBroadstone Net Lease, Inc.BNL
$17.23-2.98%
Broadstone Net Lease, Inc. logo

Broadstone Net Lease, Inc.

BNL

$17.23

-$0.53 (-2.98%)

⊜ Compare
ProfitabilityStrong marginsGrowthSteady growthCash FlowStrong conversionValuationFairly valued
What stands out

41.50% operating margin is above average. ROIC at 3.61%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.

What's changing

Revenue grew 5.2%, steady but not accelerating.

What deserves caution

Net debt of $2.50B represents 9.3x FCF, leverage limits flexibility.

Valuation context

22.7x earnings, 13.4x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.

Price History

-7.9%

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$3.45B
EPS$0.76
P/E22.67
P/FCF13.42
EV/EBITDA17.55
FCF Yield7.5%
Div. Yield6.35%
Net Debt/FCF10.5x
52-Week Range
$17.23$22.84

Profitability & Returns

Revenue (TTM)

$476M

▲ +5.2% YoY

Net Income (TTM)

$145M

▼ -40.6% YoY

Op. Margin

46.61%

▲ +3.5pp YoY

ROIC

4.04%

▲ +0.3pp YoY

Cash Flow & Balance Sheet

FCF (TTM)

$257M

▲ +4.0% YoY

Op. Cash Flow (TTM)

$283M

▲ +8.4% YoY

Net Debt

$2.69B

Cash & Equiv.

$11M

5Y CAGR: +7.1%

5Y CAGR: +9.9%

Continue Research

SourceComputed from the 10-Q filed 29 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 12 Oct 2026. How this is calculated.

Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.

Is Broadstone Net Lease (BNL) overvalued?

At a P/E of 22.7 and a price-to-free-cash-flow of 13.4, Broadstone Net Lease (BNL) trades above a two-stage DCF intrinsic value of about $8.82 per share, so at $17.23 the stock looks overvalued (48.8% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.

On quality, Broadstone Net Lease scores 44/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 6.4%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.

Frequently asked

What is Broadstone Net Lease's fair value?+

Intrinsiqq's two-stage DCF estimates an intrinsic value of about $8.82 per share for BNL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $6.62. At today's $17.23, that puts the stock about 48.8% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.

Is Broadstone Net Lease a high-quality business?+

Broadstone Net Lease scores 44 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 46.6% operating margin and a 4.0% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.

Does Broadstone Net Lease (BNL) pay a dividend, and how much?+

Yes, Broadstone Net Lease pays a regular dividend of about $1.09 per share per year (typically in quarterly installments), a yield of roughly 6.4% at the current price. That is a payout ratio of about 150.8% of earnings, so the dividend is stretched at this level. Broadstone Net Lease has grown the dividend at roughly 9.1% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For BNL's full payout history, growth streak and dividend-safety score, see the dividends tab.

Is Broadstone Net Lease a good stock to buy right now?+

That depends on valuation and quality together, not either alone. BNL currently trades above its estimated intrinsic value and scores 44/100 on quality (mixed). It also yields about 6.4%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.

Related stocks: Real Estate Investment Trusts

Spot a number that looks wrong? Check it in BNL's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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Not financial advice. Analytical data for research only.

Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.