EXTRA SPACE STORAGE INC (EXR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:EXR - US30225T1025 - REIT
130.26 USD
+0.86 (+0.66%)
130.26 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. While EXR is still in line with the averages on profitability rating, there are concerns on its financial health. EXR is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
EXR had positive earnings in the past year.
In the past year EXR had a positive cash flow from operations.
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 66.67% of its industry peers.
EXR's Return On Equity of 6.96% is in line compared to the rest of the industry. EXR outperforms 60.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.10%, EXR is in line with its industry, outperforming 50.00% of the companies in the same 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 4.78%.
| 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.
The Operating Margin of EXR (43.52%) is better than 70.00% of its industry peers.
EXR's Operating Margin has declined in the last couple of years.
EXR has a Gross Margin (70.74%) which is comparable to the rest of the industry.
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.
The number of shares outstanding for EXR has been increased compared to 1 year ago.
The number of shares outstanding for EXR has been increased compared to 5 years ago.
The debt/assets ratio for EXR is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.24, we must say that EXR is in the distress zone and has some risk of bankruptcy.
EXR's Altman-Z score of 1.24 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 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.
Looking at the Debt to FCF ratio, with a value of 15.11, EXR is in line with its industry, outperforming 53.33% of the companies in the same industry.
EXR has a Debt/Equity ratio of 0.95. This is a neutral value indicating EXR is somewhat dependend on debt financing.
The Debt to Equity ratio of EXR (0.95) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | 15.11 | ||
| Altman-Z | 1.24 |
ROIC/WACC0.55
WACC7.47%
2.3 Liquidity
A Current Ratio of 0.32 indicates that EXR may have some problems paying its short term obligations.
The Current ratio of EXR (0.32) is worse than 80.00% of its industry peers.
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
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 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
Based on estimates for the next years, EXR will show a small growth in Earnings Per Share. The EPS will grow by 6.68% on average per year.
EXR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.58% yearly.
EPS Next Y11.25%
EPS Next 2Y6.86%
EPS Next 3Y6.17%
EPS Next 5Y6.68%
Revenue Next Year1.52%
Revenue Next 2Y2.99%
Revenue Next 3Y3.84%
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 29.08, which means the current valuation is very expensive for EXR.
Compared to the rest of the industry, the Price/Earnings ratio of EXR indicates a somewhat cheap valuation: EXR is cheaper than 66.67% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.59, EXR is valued at the same level.
The Price/Forward Earnings ratio is 26.23, which means the current valuation is very expensive for EXR.
Compared to the rest of the industry, the Price/Forward Earnings ratio of EXR is on the same level as its industry peers.
EXR is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.03, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.08 | ||
| Fwd PE | 26.23 |
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 | 32.37 | ||
| EV/EBITDA | 18.42 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates EXR does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.58
PEG (5Y)4.59
EPS Next 2Y6.86%
EPS Next 3Y6.17%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.95%, EXR is a good candidate for dividend investing.
EXR's Dividend Yield is comparable with the industry average which is at 5.78.
EXR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.95% |
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
EXR pays out 145.22% of its income as dividend. 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 2Y6.86%
EPS Next 3Y6.17%
130.26
+0.86 (+0.66%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners99.25%
Inst Owner Change0.07%
Ins Owners0.9%
Ins Owner Change-0.04%
Market Cap27.65B
Revenue(TTM)3.34B
Net Income(TTM)947.44M
Analysts69.6
Price TargetN/A
Short Float %2.49%
Short Ratio4.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.95% |
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)-2.32%
PT rev (3m)-2.77%
EPS NQ rev (1m)1.5%
EPS NQ rev (3m)2.59%
EPS NY rev (1m)-1.24%
EPS NY rev (3m)-7.28%
Revenue NQ rev (1m)0.08%
Revenue NQ rev (3m)0.02%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.08 | ||
| Fwd PE | 26.23 | ||
| P/S | 8.27 | ||
| P/FCF | 32.37 | ||
| P/OCF | 14.62 | ||
| P/B | 2.03 | ||
| P/tB | 2.06 | ||
| EV/EBITDA | 18.42 |
EPS(TTM)4.48
EY3.44%
EPS(NY)4.97
Fwd EY3.81%
FCF(TTM)4.02
FCFY3.09%
OCF(TTM)8.91
OCFY6.84%
SpS15.75
BVpS64.16
TBVpS63.28
PEG (NY)2.58
PEG (5Y)4.59
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 | 1.24 |
F-Score6
WACC7.47%
ROIC/WACC0.55
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 Y11.25%
EPS Next 2Y6.86%
EPS Next 3Y6.17%
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 2Y2.99%
Revenue Next 3Y3.84%
Revenue Next 5Y3.58%
EBIT growth 1Y3.53%
EBIT growth 3Y18.82%
EBIT growth 5Y17.19%
EBIT Next Year49.78%
EBIT Next 3Y16.7%
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 29.08 and the Price/Book (PB) ratio is 2.03.
Can you provide the financial health for EXR stock?
The financial health rating of EXTRA SPACE STORAGE INC (EXR) is 1 / 10.