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BFS - Saul Centers, Inc.

NYSE -> Real Estate -> REIT—Retail
Bethesda, United States
Type: Equity

BFS price evolution
BFS
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $8.41 $6.59 $11.47 $11.81
Short term investments
Net receivables $56.03 $56.89 $51.95 $52.61
Inventory
Total current assets $64.44 $63.5 $63.42 $64.43
Long term investments
Property, plant & equipment $1891.63 $1848.52 $1804.49 $1762.25
Goodwill & intangible assets
Total noncurrent assets
Total investments
Total assets $1994.14 $1960.92 $1906.69 $1868.01
Current liabilities
Accounts payable $57.02 $60.82 $54.21 $55.79
Deferred revenue $22.75 $22.98 $21.84 $22.97
Short long term debt
Total current liabilities $79.96 $83.3 $76.68 $78.25
Long term debt $1387 $1343.3 $1294.13 $1250.95
Total noncurrent liabilities
Total debt $1387 $1343.31 $1294.13 $1250.95
Total liabilities $1489.71 $1449.59 $1392.65 $1352.17
Shareholders' equity
Retained earnings -$288.82 -$285.02 -$280.85 -$277.02
Other shareholder equity $2.01 $4.72 $3.13 $1.4
Total shareholder equity $348.39 $393.67 $395.4 $396.41
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $8.41 $13.28 $14.59 $26.86
Short term investments
Net receivables $56.03 $56.32 $58.66 $64.92
Inventory
Total current assets $64.44 $69.6 $73.25 $97.4
Long term investments
Property, plant & equipment $1891.63 $1722.86 $1634.01 $1517.09
Goodwill & intangible assets
Total noncurrent assets
Total investments
Total assets $1994.14 $1833.3 $1746.76 $1645.57
Current liabilities
Accounts payable $57.02 $39.78 $25.56 $24.38
Deferred revenue $22.75 $23.17 $25.19 $23.29
Short long term debt
Total current liabilities $79.96 $65.43 $47.23 $43.8
Long term debt $1387 $1222.9 $1143.86 $1150.91
Total noncurrent liabilities
Total debt $1387 $1222.9 $1143.86 $1150.91
Total liabilities $1489.71 $1432.82 $1216.27 $1218.04
Shareholders' equity
Retained earnings -$288.82 -$273.56 -$256.45 -$241.53
Other shareholder equity $2.01 $42.5 $39.65 $6.67
Total shareholder equity $348.39 $400.48 $405.05 $364.32
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $66.68 $63.77 $63.71 $63.05
Cost of revenue $17.05 $17.36 $16.45 $16.28
Gross Profit $49.63 $46.41 $47.26 $46.77
Operating activities
Research & development
Selling, general & administrative $7.33 $5.18 $5.68 $5.27
Total operating expenses $19.54 $17.27 $17.79 $17.29
Operating income $30.1 $29.13 $29.47 $29.48
Income from continuing operations
EBIT $25.84 $25.24 $25.44 $25.32
Income tax expense
Interest expense $12.63 $12.42 $12.28 $11.82
Net income
Net income $13.21 $12.82 $13.16 $13.5
Income (for common shares) $10.41 $10.02 $10.36 $10.7
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $257.21 $245.86 $239.22 $225.21
Cost of revenue $67.14 $64.52 $61.63 $58.42
Gross Profit $190.07 $181.34 $177.6 $166.79
Operating activities
Research & development
Selling, general & administrative $23.46 $22.39 $20.25 $19.11
Total operating expenses $71.89 $71.36 $70.52 $70.23
Operating income $118.18 $109.98 $107.07 $96.56
Income from continuing operations
EBIT $101.84 $94.13 $93.81 $86.9
Income tax expense
Interest expense $49.15 $43.94 $45.42 $46.52
Net income
Net income $52.69 $50.19 $48.39 $40.38
Income (for common shares) $41.49 $39 $37.2 $29.19
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $13.21 $12.82 $13.16 $13.5
Operating activities
Depreciation $12.2 $12.1 $12.11 $12.02
Business acquisitions & disposals
Stock-based compensation $0.29 $0.29 $0.55 $0.29
Total cash flows from operations $32.69 $16.35 $32.59 $36.1
Investing activities
Capital expenditures -$56.41 -$47.9 -$47.12 -$38.14
Investments -$9.09 -$5.02
Total cash flows from investing -$56.41 -$47.9 -$56.21 -$43.16
Financing activities
Dividends paid -$14.2 -$14.19 -$14.16 -$14.17
Sale and purchase of stock $0.6 $0.56 $0.54 $0.54
Net borrowings $45.91 $48.59 $45.23 $27.88
Total cash flows from financing $25.55 $26.67 $23.28 $5.59
Effect of exchange rate
Change in cash and equivalents $1.82 -$4.89 -$0.34 -$1.47
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $52.69 $50.19 $48.39 $40.38
Operating activities
Depreciation $48.43 $48.97 $50.27 $51.13
Business acquisitions & disposals
Stock-based compensation $1.42 $1.52 $1.56 $1.44
Total cash flows from operations $117.73 $121.15 $118.38 $78.38
Investing activities
Capital expenditures -$203.68 -$101.11 -$28.23 -$36.68
Investments -$15.78 -$27.65 -$19.48
Total cash flows from investing -$203.68 -$116.89 -$55.87 -$56.17
Financing activities
Dividends paid -$56.72 -$55.52 -$50.96 -$49.38
Sale and purchase of stock $2.24 $8.17 $14.43 $8.26
Net borrowings $167.6 $83.06 -$5.22 $59.33
Total cash flows from financing $81.08 -$5.58 -$74.77 -$9.26
Effect of exchange rate
Change in cash and equivalents -$4.87 -$1.31 -$12.26 $12.95
Fundamentals
Market cap $926.95M
Enterprise value $2.31B
Shares outstanding 24.08M
Revenue $257.21M
EBITDA $150.27M
EBIT $101.84M
Net Income $52.69M
Revenue Q/Q 6.97%
Revenue Y/Y 4.62%
P/E ratio 17.59
EV/Sales 8.96
EV/EBITDA 15.34
EV/EBIT 22.64
P/S ratio 3.60
P/B ratio 2.68
Book/Share 14.38
Cash/Share 0.35
EPS $2.19
ROA 2.73%
ROE 13.74%
Debt/Equity 4.28
Net debt/EBITDA 9.86
Current ratio 0.81
Quick ratio 0.81