CUBESMART (CUBE) Stock Fundamental Analysis
NYSE:CUBE - New York Stock Exchange, Inc. - US2296631094 - REIT - Currency: USD
CUBE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 28 industry peers in the Specialized REITs industry. While CUBE belongs to the best of the industry regarding profitability, there are concerns on its financial health. CUBE has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
CUBE had positive earnings in the past year.
In the past year CUBE had a positive cash flow from operations.
Each year in the past 5 years CUBE has been profitable.
In the past 5 years CUBE always reported a positive cash flow from operatings.
1.2 Ratios
CUBE has a better Return On Assets (6.49%) than 89.29% of its industry peers.
CUBE's Return On Equity of 14.43% is fine compared to the rest of the industry. CUBE outperforms 75.00% of its industry peers.
The Return On Invested Capital of CUBE (6.59%) is better than 78.57% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CUBE is in line with the industry average of 5.22%.
The 3 year average ROIC (5.00%) for CUBE is below the current ROIC(6.59%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.49% | ||
| ROE | 14.43% | ||
| ROIC | 6.59% |
ROA(3y)4.87%
ROA(5y)4.46%
ROE(3y)10.92%
ROE(5y)10.24%
ROIC(3y)5%
ROIC(5y)4.85%
1.3 Margins
With an excellent Profit Margin value of 37.79%, CUBE belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
CUBE's Profit Margin has improved in the last couple of years.
The Operating Margin of CUBE (45.91%) is better than 71.43% of its industry peers.
In the last couple of years the Operating Margin of CUBE has grown nicely.
CUBE has a Gross Margin (70.55%) which is in line with its industry peers.
In the last couple of years the Gross Margin of CUBE has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 45.91% | ||
| PM (TTM) | 37.79% | ||
| GM | 70.55% |
OM growth 3Y7.69%
OM growth 5Y5.17%
PM growth 3Y17.06%
PM growth 5Y7.36%
GM growth 3Y3.46%
GM growth 5Y2.06%
2. Health
2.1 Basic Checks
CUBE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, CUBE has about the same amount of shares outstanding.
The number of shares outstanding for CUBE has been increased compared to 5 years ago.
CUBE has a better debt/assets ratio than last year.
2.2 Solvency
CUBE has an Altman-Z score of 1.73. This is a bad value and indicates that CUBE is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of CUBE (1.73) is better than 75.00% of its industry peers.
The Debt to FCF ratio of CUBE is 5.57, which is a neutral value as it means it would take CUBE, 5.57 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 5.57, CUBE belongs to the best of the industry, outperforming 89.29% of the companies in the same industry.
A Debt/Equity ratio of 1.06 is on the high side and indicates that CUBE has dependencies on debt financing.
The Debt to Equity ratio of CUBE (1.06) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 5.57 | ||
| Altman-Z | 1.73 |
ROIC/WACC0.87
WACC7.54%
2.3 Liquidity
CUBE has a Current Ratio of 0.21. This is a bad value and indicates that CUBE is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.21, CUBE is not doing good in the industry: 89.29% of the companies in the same industry are doing better.
CUBE has a Quick Ratio of 0.21. This is a bad value and indicates that CUBE is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.21, CUBE is not doing good in the industry: 89.29% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.21 | ||
| Quick Ratio | 0.21 |
3. Growth
3.1 Past
CUBE shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.99%.
CUBE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.87% yearly.
CUBE shows a small growth in Revenue. In the last year, the Revenue has grown by 1.67%.
CUBE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.93% yearly.
EPS 1Y (TTM)5.99%
EPS 3Y28.15%
EPS 5Y16.87%
EPS Q2Q%-2.22%
Revenue 1Y (TTM)1.67%
Revenue growth 3Y15.64%
Revenue growth 5Y11.93%
Sales Q2Q%16.53%
3.2 Future
Based on estimates for the next years, CUBE will show a small growth in Earnings Per Share. The EPS will grow by 1.48% on average per year.
CUBE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.82% yearly.
EPS Next Y-2.51%
EPS Next 2Y-0.23%
EPS Next 3Y0.79%
EPS Next 5Y1.48%
Revenue Next Year5.68%
Revenue Next 2Y4.22%
Revenue Next 3Y4.86%
Revenue Next 5Y6.82%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 23.56, CUBE is valued on the expensive side.
Based on the Price/Earnings ratio, CUBE is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of CUBE to the average of the S&P500 Index (28.51), we can say CUBE is valued inline with the index average.
A Price/Forward Earnings ratio of 23.15 indicates a rather expensive valuation of CUBE.
CUBE's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CUBE is cheaper than 71.43% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 93.88. CUBE is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.56 | ||
| Fwd PE | 23.15 |
4.2 Price Multiples
CUBE's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, CUBE is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.86 | ||
| EV/EBITDA | 17.8 |
4.3 Compensation for Growth
CUBE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.4
EPS Next 2Y-0.23%
EPS Next 3Y0.79%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.06%, CUBE is a good candidate for dividend investing.
CUBE's Dividend Yield is comparable with the industry average which is at 4.83.
Compared to an average S&P500 Dividend Yield of 2.27, CUBE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.06% |
5.2 History
The dividend of CUBE is nicely growing with an annual growth rate of 10.42%!
CUBE has paid a dividend for at least 10 years, which is a reliable track record.
CUBE has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)10.42%
Div Incr Years13
Div Non Decr Years14
5.3 Sustainability
113.57% of the earnings are spent on dividend by CUBE. This is not a sustainable payout ratio.
The dividend of CUBE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP113.57%
EPS Next 2Y-0.23%
EPS Next 3Y0.79%
CUBESMART
NYSE:CUBE (1/31/2025, 4:15:00 PM)
After market: 41.7 0 (0%)41.7
-0.27 (-0.64%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners99.12%
Inst Owner Change0.35%
Ins Owners0.78%
Ins Owner Change5.51%
Market Cap9.43B
Analysts69.57
Price Target52.33 (25.49%)
Short Float %1.49%
Short Ratio2.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.06% |
Yearly Dividend1.97
Dividend Growth(5Y)10.42%
DP113.57%
Div Incr Years13
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.81%
Min EPS beat(2)-4.3%
Max EPS beat(2)-3.33%
EPS beat(4)1
Avg EPS beat(4)-0.5%
Min EPS beat(4)-4.3%
Max EPS beat(4)8.59%
EPS beat(8)3
Avg EPS beat(8)5.64%
EPS beat(12)6
Avg EPS beat(12)8.75%
EPS beat(16)9
Avg EPS beat(16)10.35%
Revenue beat(2)2
Avg Revenue beat(2)1.02%
Min Revenue beat(2)0.11%
Max Revenue beat(2)1.93%
Revenue beat(4)3
Avg Revenue beat(4)-0.33%
Min Revenue beat(4)-8.24%
Max Revenue beat(4)4.86%
Revenue beat(8)4
Avg Revenue beat(8)-0.95%
Revenue beat(12)4
Avg Revenue beat(12)-1.37%
Revenue beat(16)7
Avg Revenue beat(16)-0.7%
PT rev (1m)-0.15%
PT rev (3m)-1.91%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.02%
EPS NY rev (1m)0%
EPS NY rev (3m)0.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.31%
Revenue NY rev (1m)-0.57%
Revenue NY rev (3m)0.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.56 | ||
| Fwd PE | 23.15 | ||
| P/S | 8.87 | ||
| P/FCF | 17.86 | ||
| P/OCF | 15.4 | ||
| P/B | 3.39 | ||
| P/tB | 3.39 | ||
| EV/EBITDA | 17.8 |
EPS(TTM)1.77
EY4.24%
EPS(NY)1.8
Fwd EY4.32%
FCF(TTM)2.33
FCFY5.6%
OCF(TTM)2.71
OCFY6.49%
SpS4.7
BVpS12.32
TBVpS12.31
PEG (NY)N/A
PEG (5Y)1.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.49% | ||
| ROE | 14.43% | ||
| ROCE | 8.34% | ||
| ROIC | 6.59% | ||
| ROICexc | 6.64% | ||
| ROICexgc | 6.73% | ||
| OM | 45.91% | ||
| PM (TTM) | 37.79% | ||
| GM | 70.55% | ||
| FCFM | 49.64% |
ROA(3y)4.87%
ROA(5y)4.46%
ROE(3y)10.92%
ROE(5y)10.24%
ROIC(3y)5%
ROIC(5y)4.85%
ROICexc(3y)5%
ROICexc(5y)4.87%
ROICexgc(3y)5.08%
ROICexgc(5y)4.94%
ROCE(3y)6.32%
ROCE(5y)6.14%
ROICexcg growth 3Y14.14%
ROICexcg growth 5Y6.53%
ROICexc growth 3Y14.36%
ROICexc growth 5Y6.39%
OM growth 3Y7.69%
OM growth 5Y5.17%
PM growth 3Y17.06%
PM growth 5Y7.36%
GM growth 3Y3.46%
GM growth 5Y2.06%
F-Score7
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 5.57 | ||
| Debt/EBITDA | 4.22 | ||
| Cap/Depr | 40.64% | ||
| Cap/Sales | 7.93% | ||
| Interest Coverage | 5.24 | ||
| Cash Conversion | 88% | ||
| Profit Quality | 131.37% | ||
| Current Ratio | 0.21 | ||
| Quick Ratio | 0.21 | ||
| Altman-Z | 1.73 |
F-Score7
WACC7.54%
ROIC/WACC0.87
Cap/Depr(3y)49.75%
Cap/Depr(5y)107.32%
Cap/Sales(3y)13.82%
Cap/Sales(5y)26.9%
Profit Quality(3y)136.55%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.99%
EPS 3Y28.15%
EPS 5Y16.87%
EPS Q2Q%-2.22%
EPS Next Y-2.51%
EPS Next 2Y-0.23%
EPS Next 3Y0.79%
EPS Next 5Y1.48%
Revenue 1Y (TTM)1.67%
Revenue growth 3Y15.64%
Revenue growth 5Y11.93%
Sales Q2Q%16.53%
Revenue Next Year5.68%
Revenue Next 2Y4.22%
Revenue Next 3Y4.86%
Revenue Next 5Y6.82%
EBIT growth 1Y3%
EBIT growth 3Y24.53%
EBIT growth 5Y17.72%
EBIT Next Year43.05%
EBIT Next 3Y15.19%
EBIT Next 5Y13.71%
FCF growth 1Y53.72%
FCF growth 3YN/A
FCF growth 5Y54.57%
OCF growth 1Y10.78%
OCF growth 3Y20.3%
OCF growth 5Y14.97%