CUBESMART (CUBE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CUBE - US2296631094 - REIT
37.68 USD
+0.62 (+1.67%)
37.68 USD
0 (0%)
Overall CUBE gets a fundamental rating of 4 out of 10. We evaluated CUBE against 30 industry peers in the Specialized REITs industry. While CUBE has a great profitability rating, there are quite some concerns on its financial health. CUBE has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year CUBE was profitable.
In the past year CUBE had a positive cash flow from operations.
Each year in the past 5 years CUBE has been profitable.
Each year in the past 5 years CUBE had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.28%, CUBE is in the better half of the industry, outperforming 76.67% of the companies in the same industry.
With a decent Return On Equity value of 12.83%, CUBE is doing good in the industry, outperforming 76.67% of the companies in the same industry.
CUBE's Return On Invested Capital of 5.71% is fine compared to the rest of the industry. CUBE outperforms 66.67% of its industry peers.
CUBE had an Average Return On Invested Capital over the past 3 years of 5.88%. This is in line with the industry average of 4.86%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.28% | ||
| ROE | 12.83% | ||
| ROIC | 5.71% |
ROA(3y)5.77%
ROA(5y)4.84%
ROE(3y)12.87%
ROE(5y)11.09%
ROIC(3y)5.88%
ROIC(5y)5.16%
1.3 Margins
CUBE has a Profit Margin of 32.21%. This is in the better half of the industry: CUBE outperforms 80.00% of its industry peers.
CUBE's Profit Margin has improved in the last couple of years.
CUBE's Operating Margin of 41.68% is fine compared to the rest of the industry. CUBE outperforms 63.33% of its industry peers.
CUBE's Operating Margin has improved in the last couple of years.
CUBE's Gross Margin of 69.45% is in line compared to the rest of the industry. CUBE outperforms 46.67% of its industry peers.
CUBE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 41.68% | ||
| PM (TTM) | 32.21% | ||
| GM | 69.45% |
OM growth 3Y8.65%
OM growth 5Y4.68%
PM growth 3Y10.53%
PM growth 5Y6.92%
GM growth 3Y0.34%
GM growth 5Y1.5%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CUBE is destroying value.
Compared to 1 year ago, CUBE has more shares outstanding
The number of shares outstanding for CUBE has been increased compared to 5 years ago.
Compared to 1 year ago, CUBE has an improved debt to assets ratio.
2.2 Solvency
CUBE has an Altman-Z score of 1.31. This is a bad value and indicates that CUBE is not financially healthy and even has some risk of bankruptcy.
CUBE's Altman-Z score of 1.31 is fine compared to the rest of the industry. CUBE outperforms 70.00% of its industry peers.
The Debt to FCF ratio of CUBE is 6.17, which is on the high side as it means it would take CUBE, 6.17 years of fcf income to pay off all of its debts.
CUBE has a Debt to FCF ratio of 6.17. This is amongst the best in the industry. CUBE outperforms 90.00% of its industry peers.
A Debt/Equity ratio of 1.26 is on the high side and indicates that CUBE has dependencies on debt financing.
CUBE has a Debt to Equity ratio of 1.26. This is comparable to the rest of the industry: CUBE outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.26 | ||
| Debt/FCF | 6.17 | ||
| Altman-Z | 1.31 |
ROIC/WACC0.77
WACC7.43%
2.3 Liquidity
CUBE has a Current Ratio of 0.37. This is a bad value and indicates that CUBE is not financially healthy enough and could expect problems in meeting its short term obligations.
CUBE has a Current ratio of 0.37. This is in the lower half of the industry: CUBE underperforms 73.33% of its industry peers.
CUBE has a Quick Ratio of 0.37. This is a bad value and indicates that CUBE is not financially healthy enough and could expect problems in meeting its short term obligations.
CUBE has a worse Quick ratio (0.37) than 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.37 | ||
| Quick Ratio | 0.37 |
3. Growth
3.1 Past
CUBE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -11.86%.
The Earnings Per Share has been growing by 14.17% on average over the past years. This is quite good.
Looking at the last year, CUBE shows a small growth in Revenue. The Revenue has grown by 4.19% in the last year.
Measured over the past years, CUBE shows a quite strong growth in Revenue. The Revenue has been growing by 10.61% on average per year.
EPS 1Y (TTM)-11.86%
EPS 3Y13.71%
EPS 5Y14.17%
EPS Q2Q%-18.18%
Revenue 1Y (TTM)4.19%
Revenue growth 3Y9.03%
Revenue growth 5Y10.61%
Sales Q2Q%5.24%
3.2 Future
Based on estimates for the next years, CUBE will show a decrease in Earnings Per Share. The EPS will decrease by -1.17% on average per year.
Based on estimates for the next years, CUBE will show a small growth in Revenue. The Revenue will grow by 6.76% on average per year.
EPS Next Y-11.3%
EPS Next 2Y-5.68%
EPS Next 3Y-2.24%
EPS Next 5Y-1.17%
Revenue Next Year5.74%
Revenue Next 2Y4.44%
Revenue Next 3Y4.25%
Revenue Next 5Y6.76%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 24.15 indicates a rather expensive valuation of CUBE.
Compared to the rest of the industry, the Price/Earnings ratio of CUBE indicates a somewhat cheap valuation: CUBE is cheaper than 76.67% of the companies listed in the same industry.
CUBE is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.19, which is the current average of the S&P500 Index.
CUBE is valuated rather expensively with a Price/Forward Earnings ratio of 24.63.
CUBE's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CUBE is cheaper than 70.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.88, CUBE is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.15 | ||
| Fwd PE | 24.63 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CUBE is valued a bit cheaper than 73.33% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CUBE indicates a rather cheap valuation: CUBE is cheaper than 83.33% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.18 | ||
| EV/EBITDA | 16.63 |
4.3 Compensation for Growth
The decent profitability rating of CUBE may justify a higher PE ratio.
CUBE's earnings are expected to decrease with -2.24% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.7
EPS Next 2Y-5.68%
EPS Next 3Y-2.24%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.88%, CUBE is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.69, CUBE pays a bit more dividend than its industry peers.
CUBE's Dividend Yield is rather good when compared to the S&P500 average which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.88% |
5.2 History
The dividend of CUBE is nicely growing with an annual growth rate of 9.75%!
CUBE has paid a dividend for at least 10 years, which is a reliable track record.
CUBE has decreased its dividend recently.
Dividend Growth(5Y)9.75%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
CUBE pays out 132.52% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of CUBE has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP132.52%
EPS Next 2Y-5.68%
EPS Next 3Y-2.24%
37.68
+0.62 (+1.67%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners100.37%
Inst Owner Change0%
Ins Owners0.8%
Ins Owner Change3.28%
Market Cap8.59B
Revenue(TTM)1.11B
Net Income(TTM)356.98M
Analysts73.6
Price Target44.16 (17.2%)
Short Float %2.5%
Short Ratio2.74
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.88% |
Yearly Dividend2.04
Dividend Growth(5Y)9.75%
DP132.52%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-5.87%
Min EPS beat(2)-7.12%
Max EPS beat(2)-4.61%
EPS beat(4)0
Avg EPS beat(4)-3.79%
Min EPS beat(4)-7.12%
Max EPS beat(4)-0.13%
EPS beat(8)1
Avg EPS beat(8)-2.15%
EPS beat(12)3
Avg EPS beat(12)2.5%
EPS beat(16)6
Avg EPS beat(16)5.61%
Revenue beat(2)1
Avg Revenue beat(2)0.13%
Min Revenue beat(2)-0.77%
Max Revenue beat(2)1.03%
Revenue beat(4)2
Avg Revenue beat(4)-0.03%
Min Revenue beat(4)-1.47%
Max Revenue beat(4)1.08%
Revenue beat(8)5
Avg Revenue beat(8)-0.18%
Revenue beat(12)6
Avg Revenue beat(12)-0.64%
Revenue beat(16)6
Avg Revenue beat(16)-1.04%
PT rev (1m)-3.52%
PT rev (3m)-4.04%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.66%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.88%
Revenue NQ rev (1m)0.53%
Revenue NQ rev (3m)0.67%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.15 | ||
| Fwd PE | 24.63 | ||
| P/S | 7.75 | ||
| P/FCF | 15.18 | ||
| P/OCF | 13.5 | ||
| P/B | 3.09 | ||
| P/tB | 3.11 | ||
| EV/EBITDA | 16.63 |
EPS(TTM)1.56
EY4.14%
EPS(NY)1.53
Fwd EY4.06%
FCF(TTM)2.48
FCFY6.59%
OCF(TTM)2.79
OCFY7.41%
SpS4.86
BVpS12.2
TBVpS12.13
PEG (NY)N/A
PEG (5Y)1.7
Graham Number20.69
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.28% | ||
| ROE | 12.83% | ||
| ROCE | 7.23% | ||
| ROIC | 5.71% | ||
| ROICexc | 5.81% | ||
| ROICexgc | 5.89% | ||
| OM | 41.68% | ||
| PM (TTM) | 32.21% | ||
| GM | 69.45% | ||
| FCFM | 51.08% |
ROA(3y)5.77%
ROA(5y)4.84%
ROE(3y)12.87%
ROE(5y)11.09%
ROIC(3y)5.88%
ROIC(5y)5.16%
ROICexc(3y)5.91%
ROICexc(5y)5.18%
ROICexgc(3y)5.98%
ROICexgc(5y)5.26%
ROCE(3y)7.44%
ROCE(5y)6.53%
ROICexgc growth 3Y19.62%
ROICexgc growth 5Y5.76%
ROICexc growth 3Y20.2%
ROICexc growth 5Y5.63%
OM growth 3Y8.65%
OM growth 5Y4.68%
PM growth 3Y10.53%
PM growth 5Y6.92%
GM growth 3Y0.34%
GM growth 5Y1.5%
F-Score4
Asset Turnover0.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.26 | ||
| Debt/FCF | 6.17 | ||
| Debt/EBITDA | 4.91 | ||
| Cap/Depr | 28.26% | ||
| Cap/Sales | 6.37% | ||
| Interest Coverage | 4.4 | ||
| Cash Conversion | 89.46% | ||
| Profit Quality | 158.58% | ||
| Current Ratio | 0.37 | ||
| Quick Ratio | 0.37 | ||
| Altman-Z | 1.31 |
F-Score4
WACC7.43%
ROIC/WACC0.77
Cap/Depr(3y)37.57%
Cap/Depr(5y)96.81%
Cap/Sales(3y)8.96%
Cap/Sales(5y)23.68%
Profit Quality(3y)143.78%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-11.86%
EPS 3Y13.71%
EPS 5Y14.17%
EPS Q2Q%-18.18%
EPS Next Y-11.3%
EPS Next 2Y-5.68%
EPS Next 3Y-2.24%
EPS Next 5Y-1.17%
Revenue 1Y (TTM)4.19%
Revenue growth 3Y9.03%
Revenue growth 5Y10.61%
Sales Q2Q%5.24%
Revenue Next Year5.74%
Revenue Next 2Y4.44%
Revenue Next 3Y4.25%
Revenue Next 5Y6.76%
EBIT growth 1Y-5.41%
EBIT growth 3Y18.46%
EBIT growth 5Y15.79%
EBIT Next Year48.66%
EBIT Next 3Y16.7%
EBIT Next 5Y16.68%
FCF growth 1Y0.23%
FCF growth 3Y27.5%
FCF growth 5Y25.34%
OCF growth 1Y4.35%
OCF growth 3Y12%
OCF growth 5Y13.72%
CUBESMART / CUBE FAQ
Can you provide the ChartMill fundamental rating for CUBESMART?
ChartMill assigns a fundamental rating of 4 / 10 to CUBE.
What is the valuation status of CUBESMART (CUBE) stock?
ChartMill assigns a valuation rating of 4 / 10 to CUBESMART (CUBE). This can be considered as Fairly Valued.
Can you provide the profitability details for CUBESMART?
CUBESMART (CUBE) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for CUBE stock?
The Price/Earnings (PE) ratio for CUBESMART (CUBE) is 24.15 and the Price/Book (PB) ratio is 3.09.
What is the financial health of CUBESMART (CUBE) stock?
The financial health rating of CUBESMART (CUBE) is 3 / 10.