EXTRA SPACE STORAGE INC (EXR) Stock Fundamental Analysis
USA - NYSE:EXR - US30225T1025 - REIT
133.18 USD
+2.12 (+1.62%)
133.18 USD
0 (0%)
Overall EXR gets a fundamental rating of 4 out of 10. We evaluated EXR against 30 industry peers in the Specialized REITs industry. There are concerns on the financial health of EXR while its profitability can be described as average. EXR is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year EXR was profitable.
In the past year EXR had a positive cash flow from operations.
EXR had positive earnings in each of the past 5 years.
Each year in the past 5 years EXR had a positive operating cash flow.
1.2 Ratios
EXR's Return On Assets of 3.32% is fine compared to the rest of the industry. EXR outperforms 63.33% of its industry peers.
EXR has a Return On Equity (7.07%) which is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 4.02%, EXR is in line with its industry, outperforming 46.67% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for EXR is in line with the industry average of 4.81%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.32% | ||
| ROE | 7.07% | ||
| ROIC | 4.02% |
ROA(3y)4.31%
ROA(5y)5.19%
ROE(3y)12.69%
ROE(5y)16.69%
ROIC(3y)4.86%
ROIC(5y)5.36%
1.3 Margins
EXR's Profit Margin of 29.46% is fine compared to the rest of the industry. EXR outperforms 73.33% of its industry peers.
In the last couple of years the Profit Margin of EXR has declined.
EXR has a better Operating Margin (43.33%) than 66.67% of its industry peers.
In the last couple of years the Operating Margin of EXR has declined.
EXR has a Gross Margin (71.25%) which is comparable to the rest of the industry.
EXR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 43.33% | ||
| PM (TTM) | 29.46% | ||
| GM | 71.25% |
OM growth 3Y-6.69%
OM growth 5Y-2.35%
PM growth 3Y-20.63%
PM growth 5Y-3.95%
GM growth 3Y-0.98%
GM growth 5Y-0.06%
2. Health
2.1 Basic Checks
EXR 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, EXR has more shares outstanding
EXR has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, EXR has a worse debt to assets ratio.
2.2 Solvency
EXR has an Altman-Z score of 1.28. This is a bad value and indicates that EXR is not financially healthy and even has some risk of bankruptcy.
EXR's Altman-Z score of 1.28 is fine compared to the rest of the industry. EXR outperforms 63.33% of its industry peers.
EXR has a debt to FCF ratio of 16.42. This is a negative value and a sign of low solvency as EXR would need 16.42 years to pay back of all of its debts.
EXR has a Debt to FCF ratio (16.42) which is comparable to the rest of the industry.
EXR has a Debt/Equity ratio of 0.94. This is a neutral value indicating EXR is somewhat dependend on debt financing.
EXR has a Debt to Equity ratio (0.94) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | 16.42 | ||
| Altman-Z | 1.28 |
ROIC/WACC0.54
WACC7.38%
2.3 Liquidity
A Current Ratio of 0.30 indicates that EXR may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.30, EXR is doing worse than 80.00% of the companies in the same industry.
EXR has a Quick Ratio of 0.30. This is a bad value and indicates that EXR is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of EXR (0.30) is worse than 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.3 |
3. Growth
3.1 Past
EXR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.47%, which is quite good.
The Earnings Per Share has been growing slightly by 6.33% on average over the past years.
The Revenue has grown by 27.21% in the past year. This is a very strong growth!
EXR shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.01% yearly.
EPS 1Y (TTM)8.47%
EPS 3Y-11.05%
EPS 5Y6.33%
EPS Q2Q%-14.29%
Revenue 1Y (TTM)27.21%
Revenue growth 3Y27.34%
Revenue growth 5Y20.01%
Sales Q2Q%3.48%
3.2 Future
EXR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.68% yearly.
The Revenue is expected to grow by 3.58% on average over the next years.
EPS Next Y12.64%
EPS Next 2Y6.78%
EPS Next 3Y6.24%
EPS Next 5Y6.68%
Revenue Next Year1.52%
Revenue Next 2Y3.03%
Revenue Next 3Y4.51%
Revenue Next 5Y3.58%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same 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
With a Price/Earnings ratio of 29.73, EXR can be considered very expensive at the moment.
EXR's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 26.06. EXR is around the same levels.
Based on the Price/Forward Earnings ratio of 26.85, the valuation of EXR can be described as expensive.
EXR's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 32.73. EXR is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.73 | ||
| Fwd PE | 26.85 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as EXR.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of EXR is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.96 | ||
| EV/EBITDA | 18.81 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.35
PEG (5Y)4.69
EPS Next 2Y6.78%
EPS Next 3Y6.24%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.94%, EXR is a good candidate for dividend investing.
EXR's Dividend Yield is comparable with the industry average which is at 6.28.
Compared to an average S&P500 Dividend Yield of 2.37, EXR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.94% |
5.2 History
On average, the dividend of EXR grows each year by 12.75%, which is quite nice.
EXR has paid a dividend for at least 10 years, which is a reliable track record.
EXR has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)12.75%
Div Incr Years0
Div Non Decr Years15
5.3 Sustainability
EXR pays out 141.12% of its income as dividend. This is not a sustainable payout ratio.
The dividend of EXR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP141.12%
EPS Next 2Y6.78%
EPS Next 3Y6.24%
133.18
+2.12 (+1.62%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners98.94%
Inst Owner Change-0.65%
Ins Owners0.9%
Ins Owner Change0.74%
Market Cap28.27B
Revenue(TTM)3.26B
Net Income(TTM)974.69M
Analysts69.6
Price Target160.65 (20.63%)
Short Float %1.82%
Short Ratio3.82
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.94% |
Yearly Dividend6.5
Dividend Growth(5Y)12.75%
DP141.12%
Div Incr Years0
Div Non Decr Years15
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.34%
Min EPS beat(2)1.04%
Max EPS beat(2)23.64%
EPS beat(4)3
Avg EPS beat(4)5.35%
Min EPS beat(4)-19.64%
Max EPS beat(4)23.64%
EPS beat(8)6
Avg EPS beat(8)6.42%
EPS beat(12)9
Avg EPS beat(12)4.81%
EPS beat(16)13
Avg EPS beat(16)8.4%
Revenue beat(2)0
Avg Revenue beat(2)-7.48%
Min Revenue beat(2)-8.65%
Max Revenue beat(2)-6.31%
Revenue beat(4)0
Avg Revenue beat(4)-7.46%
Min Revenue beat(4)-8.65%
Max Revenue beat(4)-6.31%
Revenue beat(8)1
Avg Revenue beat(8)-2.58%
Revenue beat(12)3
Avg Revenue beat(12)0.16%
Revenue beat(16)7
Avg Revenue beat(16)5.19%
PT rev (1m)-0.14%
PT rev (3m)-3.24%
EPS NQ rev (1m)0.95%
EPS NQ rev (3m)1.37%
EPS NY rev (1m)0.76%
EPS NY rev (3m)2.32%
Revenue NQ rev (1m)-0.03%
Revenue NQ rev (3m)0.35%
Revenue NY rev (1m)-0.55%
Revenue NY rev (3m)-0.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.73 | ||
| Fwd PE | 26.85 | ||
| P/S | 8.54 | ||
| P/FCF | 35.96 | ||
| P/OCF | 14.86 | ||
| P/B | 2.05 | ||
| P/tB | 2.08 | ||
| EV/EBITDA | 18.81 |
EPS(TTM)4.48
EY3.36%
EPS(NY)4.96
Fwd EY3.72%
FCF(TTM)3.7
FCFY2.78%
OCF(TTM)8.96
OCFY6.73%
SpS15.59
BVpS64.97
TBVpS64.07
PEG (NY)2.35
PEG (5Y)4.69
Graham Number80.93
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.32% | ||
| ROE | 7.07% | ||
| ROCE | 5.09% | ||
| ROIC | 4.02% | ||
| ROICexc | 4.04% | ||
| ROICexgc | 4.07% | ||
| OM | 43.33% | ||
| PM (TTM) | 29.46% | ||
| GM | 71.25% | ||
| FCFM | 23.76% |
ROA(3y)4.31%
ROA(5y)5.19%
ROE(3y)12.69%
ROE(5y)16.69%
ROIC(3y)4.86%
ROIC(5y)5.36%
ROICexc(3y)4.89%
ROICexc(5y)5.4%
ROICexgc(3y)4.99%
ROICexgc(5y)5.5%
ROCE(3y)6.15%
ROCE(5y)6.79%
ROICexgc growth 3Y-15.49%
ROICexgc growth 5Y-8.59%
ROICexc growth 3Y-15.27%
ROICexc growth 5Y-8.37%
OM growth 3Y-6.69%
OM growth 5Y-2.35%
PM growth 3Y-20.63%
PM growth 5Y-3.95%
GM growth 3Y-0.98%
GM growth 5Y-0.06%
F-Score5
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | 16.42 | ||
| Debt/EBITDA | 5.91 | ||
| Cap/Depr | 149% | ||
| Cap/Sales | 33.73% | ||
| Interest Coverage | 2.59 | ||
| Cash Conversion | 87.14% | ||
| Profit Quality | 80.65% | ||
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.3 | ||
| Altman-Z | 1.28 |
F-Score5
WACC7.38%
ROIC/WACC0.54
Cap/Depr(3y)221.95%
Cap/Depr(5y)275.25%
Cap/Sales(3y)37.71%
Cap/Sales(5y)44.84%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.47%
EPS 3Y-11.05%
EPS 5Y6.33%
EPS Q2Q%-14.29%
EPS Next Y12.64%
EPS Next 2Y6.78%
EPS Next 3Y6.24%
EPS Next 5Y6.68%
Revenue 1Y (TTM)27.21%
Revenue growth 3Y27.34%
Revenue growth 5Y20.01%
Sales Q2Q%3.48%
Revenue Next Year1.52%
Revenue Next 2Y3.03%
Revenue Next 3Y4.51%
Revenue Next 5Y3.58%
EBIT growth 1Y2.75%
EBIT growth 3Y18.82%
EBIT growth 5Y17.19%
EBIT Next Year51.03%
EBIT Next 3Y16.82%
EBIT Next 5Y12.01%
FCF growth 1Y399.44%
FCF growth 3YN/A
FCF growth 5Y29.67%
OCF growth 1Y54.98%
OCF growth 3Y25.61%
OCF growth 5Y21.68%
EXTRA SPACE STORAGE INC / EXR FAQ
What is the fundamental rating for EXR stock?
ChartMill assigns a fundamental rating of 4 / 10 to EXR.
Can you provide the valuation status for EXTRA SPACE STORAGE INC?
ChartMill assigns a valuation rating of 2 / 10 to EXTRA SPACE STORAGE INC (EXR). This can be considered as Overvalued.
What is the profitability of EXR stock?
EXTRA SPACE STORAGE INC (EXR) has a profitability rating of 5 / 10.
What are the PE and PB ratios of EXTRA SPACE STORAGE INC (EXR) stock?
The Price/Earnings (PE) ratio for EXTRA SPACE STORAGE INC (EXR) is 29.73 and the Price/Book (PB) ratio is 2.05.
Can you provide the financial health for EXR stock?
The financial health rating of EXTRA SPACE STORAGE INC (EXR) is 1 / 10.