EXTRA SPACE STORAGE INC (EXR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:EXR - US30225T1025 - REIT
131.46 USD
+2.65 (+2.06%)
131.46 USD
0 (0%)
EXR gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 30 industry peers in the Specialized REITs industry. EXR has a medium profitability rating, but doesn't score so well on its financial health evaluation. EXR is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
EXR had positive earnings in the past year.
EXR had a positive operating cash flow in the past year.
EXR had positive earnings in each of the past 5 years.
EXR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
EXR has a better Return On Assets (3.24%) than 63.33% of its industry peers.
Looking at the Return On Equity, with a value of 6.96%, EXR is in line with its industry, outperforming 60.00% of the companies in the same industry.
EXR has a Return On Invested Capital (4.10%) which is comparable to the rest of the industry.
EXR had an Average Return On Invested Capital over the past 3 years of 4.86%. This is in line with the industry average of 4.77%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.24% | ||
| ROE | 6.96% | ||
| ROIC | 4.1% |
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 has a better Profit Margin (28.35%) than 70.00% of its industry peers.
EXR's Profit Margin has declined in the last couple of years.
EXR has a Operating Margin of 43.52%. This is in the better half of the industry: EXR outperforms 70.00% of its industry peers.
In the last couple of years the Operating Margin of EXR has declined.
EXR has a Gross Margin (70.74%) which is in line with its industry peers.
In the last couple of years the Gross Margin of EXR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 43.52% | ||
| PM (TTM) | 28.35% | ||
| GM | 70.74% |
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
The number of shares outstanding for EXR has been increased compared to 5 years ago.
EXR has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.26, we must say that EXR is in the distress zone and has some risk of bankruptcy.
EXR has a better Altman-Z score (1.26) than 63.33% of its industry peers.
EXR has a debt to FCF ratio of 15.11. This is a negative value and a sign of low solvency as EXR would need 15.11 years to pay back of all of its debts.
EXR has a Debt to FCF ratio (15.11) which is in line with its industry peers.
A Debt/Equity ratio of 0.95 indicates that EXR is somewhat dependend on debt financing.
EXR has a Debt to Equity ratio of 0.95. This is comparable to the rest of the industry: EXR outperforms 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | 15.11 | ||
| Altman-Z | 1.26 |
ROIC/WACC0.56
WACC7.31%
2.3 Liquidity
A Current Ratio of 0.32 indicates that EXR may have some problems paying its short term obligations.
With a Current ratio value of 0.32, EXR is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
A Quick Ratio of 0.32 indicates that EXR may have some problems paying its short term obligations.
EXR has a worse Quick ratio (0.32) than 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.32 | ||
| Quick Ratio | 0.32 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 8.47% over the past year.
EXR shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.33% yearly.
The Revenue has been growing slightly by 3.38% in the past year.
The Revenue has been growing by 20.01% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)8.47%
EPS 3Y-11.05%
EPS 5Y6.33%
EPS Q2Q%-14.29%
Revenue 1Y (TTM)3.38%
Revenue growth 3Y27.34%
Revenue growth 5Y20.01%
Sales Q2Q%3.48%
3.2 Future
The Earnings Per Share is expected to grow by 6.68% on average over the next years.
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
The Price/Earnings ratio is 29.34, which means the current valuation is very expensive for EXR.
EXR's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of EXR to the average of the S&P500 Index (25.45), we can say EXR is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 26.50, the valuation of EXR can be described as expensive.
EXR's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 34.46. EXR is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.34 | ||
| Fwd PE | 26.5 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as EXR.
EXR's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.67 | ||
| EV/EBITDA | 18.62 |
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)2.32
PEG (5Y)4.63
EPS Next 2Y6.78%
EPS Next 3Y6.24%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.03%, EXR is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.14, EXR has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.42, EXR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.03% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)12.75%
Div Incr Years0
Div Non Decr Years15
5.3 Sustainability
145.22% of the earnings are spent on dividend by EXR. This is not a sustainable payout ratio.
EXR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP145.22%
EPS Next 2Y6.78%
EPS Next 3Y6.24%
131.46
+2.65 (+2.06%)
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-79.85%
Ins Owners0.9%
Ins Owner Change-0.04%
Market Cap27.90B
Revenue(TTM)3.34B
Net Income(TTM)947.44M
Analysts69.6
Price Target160.25 (21.9%)
Short Float %1.88%
Short Ratio3.57
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.03% |
Yearly Dividend6.5
Dividend Growth(5Y)12.75%
DP145.22%
Div Incr Years0
Div Non Decr Years15
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-17.3%
Min EPS beat(2)-35.64%
Max EPS beat(2)1.04%
EPS beat(4)3
Avg EPS beat(4)1.35%
Min EPS beat(4)-35.64%
Max EPS beat(4)23.64%
EPS beat(8)5
Avg EPS beat(8)-2.01%
EPS beat(12)8
Avg EPS beat(12)1.62%
EPS beat(16)12
Avg EPS beat(16)5.31%
Revenue beat(2)0
Avg Revenue beat(2)-6.46%
Min Revenue beat(2)-6.61%
Max Revenue beat(2)-6.31%
Revenue beat(4)0
Avg Revenue beat(4)-7.35%
Min Revenue beat(4)-8.65%
Max Revenue beat(4)-6.31%
Revenue beat(8)0
Avg Revenue beat(8)-6.42%
Revenue beat(12)2
Avg Revenue beat(12)-1.84%
Revenue beat(16)6
Avg Revenue beat(16)3.36%
PT rev (1m)-0.39%
PT rev (3m)-1.33%
EPS NQ rev (1m)-0.21%
EPS NQ rev (3m)2.08%
EPS NY rev (1m)-0.24%
EPS NY rev (3m)-6.12%
Revenue NQ rev (1m)0.12%
Revenue NQ rev (3m)0.32%
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)-0.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.34 | ||
| Fwd PE | 26.5 | ||
| P/S | 8.35 | ||
| P/FCF | 32.67 | ||
| P/OCF | 14.76 | ||
| P/B | 2.05 | ||
| P/tB | 2.08 | ||
| EV/EBITDA | 18.62 |
EPS(TTM)4.48
EY3.41%
EPS(NY)4.96
Fwd EY3.77%
FCF(TTM)4.02
FCFY3.06%
OCF(TTM)8.91
OCFY6.78%
SpS15.75
BVpS64.16
TBVpS63.28
PEG (NY)2.32
PEG (5Y)4.63
Graham Number80.42
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.24% | ||
| ROE | 6.96% | ||
| ROCE | 5.19% | ||
| ROIC | 4.1% | ||
| ROICexc | 4.12% | ||
| ROICexgc | 4.15% | ||
| OM | 43.52% | ||
| PM (TTM) | 28.35% | ||
| GM | 70.74% | ||
| FCFM | 25.55% |
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-Score6
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | 15.11 | ||
| Debt/EBITDA | 5.9 | ||
| Cap/Depr | 141.76% | ||
| Cap/Sales | 31.02% | ||
| Interest Coverage | 2.64 | ||
| Cash Conversion | 86.5% | ||
| Profit Quality | 90.14% | ||
| Current Ratio | 0.32 | ||
| Quick Ratio | 0.32 | ||
| Altman-Z | 1.26 |
F-Score6
WACC7.31%
ROIC/WACC0.56
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)3.38%
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 1Y3.53%
EBIT growth 3Y18.82%
EBIT growth 5Y17.19%
EBIT Next Year51.03%
EBIT Next 3Y16.82%
EBIT Next 5Y12.01%
FCF growth 1Y-0.03%
FCF growth 3YN/A
FCF growth 5Y29.67%
OCF growth 1Y42.36%
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 29.34 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.