Discounted Cash Flow

Broadstone Net Lease, Inc. REIT

BNL · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $142.9m $36.4m $65.3m 25.4%
2017 $181.6m (27.1%) $54.8m (50.7%) $91.3m (40.0%) 30.2% (18.6%)
2018 $237.5m (30.8%) $69.4m (26.6%) $123.1m (34.7%) 29.2% (-3.2%)
2019 $298.8m (25.8%) $79.4m (14.4%) $142.3m (15.6%) 26.6% (-9.0%)
2020 $321.6m (7.6%) $51.2m (-35.5%) $168.2m (18.2%) 15.9% (-40.1%) $0.44
2021 $382.9m (19.0%) $102.4m (100.1%) $243.3m (44.7%) 26.8% (68.1%) $0.67 (52.3%)
2022 $407.5m (6.4%) $122.1m (19.2%) $224.5m (-7.7%) 30.0% (12.0%) $0.72 (7.5%)
2023 $442.9m (8.7%) $155.5m (27.3%) $224.8m (0.1%) 35.1% (17.2%) $0.83 (15.3%)
2024 $431.8m (-2.5%) $162.4m (4.5%) $259.5m (15.4%) 37.6% (7.2%) $0.86 (3.6%)
2025 $454.1m (5.2%) $96.5m (-40.6%) $269.8m (4.0%) 21.2% (-43.5%) $0.51 (-40.7%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model