EXTRA SPACE STORAGE INC (EXR) Stock Fundamental Analysis
USA - NYSE:EXR - US30225T1025 - REIT
150.26 USD
-0.55 (-0.36%)
150.26 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to EXR. EXR was compared to 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. While showing a medium growth rate, EXR is valued expensive at the moment.
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.
Each year in the past 5 years EXR has been profitable.
In the past 5 years EXR always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 3.32%, EXR is doing good in the industry, outperforming 66.67% of the companies in the same industry.
The Return On Equity of EXR (7.07%) is better than 66.67% of its industry peers.
EXR has a Return On Invested Capital (4.02%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for EXR is in line with the industry average of 4.79%.
| 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
With a decent Profit Margin value of 29.46%, EXR is doing good in the industry, outperforming 73.33% of the companies in the same industry.
In the last couple of years the Profit Margin of EXR has declined.
EXR's Operating Margin of 43.33% is fine compared to the rest of the industry. EXR outperforms 70.00% of its industry peers.
In the last couple of years the Operating Margin of EXR has declined.
Looking at the Gross Margin, with a value of 71.25%, EXR is in line with its industry, outperforming 50.00% of the companies in the same 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.
EXR has more shares outstanding than it did 1 year ago.
EXR has more shares outstanding than it did 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 1.42, we must say that EXR is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.42, EXR is doing good in the industry, outperforming 66.67% of the companies in the same industry.
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's Debt to FCF ratio of 16.42 is in line compared to the rest of the industry. EXR outperforms 53.33% of its industry peers.
EXR has a Debt/Equity ratio of 0.94. This is a neutral value indicating EXR is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.94, EXR perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | 16.42 | ||
| Altman-Z | 1.42 |
ROIC/WACC0.54
WACC7.44%
2.3 Liquidity
A Current Ratio of 0.30 indicates that EXR may have some problems paying its short term obligations.
With a Current ratio value of 0.30, EXR is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
A Quick Ratio of 0.30 indicates that EXR may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.30, EXR is doing worse than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.3 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.29% over the past year.
Measured over the past 5 years, EXR shows a small growth in Earnings Per Share. The EPS has been growing by 6.33% on average per year.
The Revenue has been growing slightly by 4.83% in the past year.
EXR shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.01% yearly.
EPS 1Y (TTM)10.29%
EPS 3Y-11.05%
EPS 5Y6.33%
EPS Q2Q%-0.84%
Revenue 1Y (TTM)4.83%
Revenue growth 3Y27.34%
Revenue growth 5Y20.01%
Sales Q2Q%3.43%
3.2 Future
The Earnings Per Share is expected to grow by 6.68% on average over the next years.
EXR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.58% yearly.
EPS Next Y12.91%
EPS Next 2Y6.97%
EPS Next 3Y6.41%
EPS Next 5Y6.68%
Revenue Next Year1.42%
Revenue Next 2Y2.95%
Revenue Next 3Y4.44%
Revenue Next 5Y3.58%
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 stable.
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
Based on the Price/Earnings ratio of 32.59, the valuation of EXR can be described as expensive.
The rest of the industry has a similar Price/Earnings ratio as EXR.
Compared to an average S&P500 Price/Earnings ratio of 26.89, EXR is valued a bit more expensive.
EXR is valuated quite expensively with a Price/Forward Earnings ratio of 30.19.
EXR's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.99, EXR is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.59 | ||
| Fwd PE | 30.19 |
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 | 40.57 | ||
| EV/EBITDA | 20.47 |
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)2.53
PEG (5Y)5.15
EPS Next 2Y6.97%
EPS Next 3Y6.41%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.30%, EXR is a good candidate for dividend investing.
EXR's Dividend Yield is slightly below the industry average, which is at 5.77.
Compared to an average S&P500 Dividend Yield of 2.31, EXR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.3% |
5.2 History
On average, the dividend of EXR grows each year by 12.75%, which is quite nice.
EXR has been paying a dividend for at least 10 years, so it has 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 2Y6.97%
EPS Next 3Y6.41%
150.26
-0.55 (-0.36%)
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-0.22%
Ins Owners0.9%
Ins Owner Change0.74%
Market Cap31.89B
Revenue(TTM)3.31B
Net Income(TTM)974.69M
Analysts69.6
Price Target160.88 (7.07%)
Short Float %1.42%
Short Ratio2.97
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.3% |
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)-0.32%
PT rev (3m)-3.66%
EPS NQ rev (1m)1.31%
EPS NQ rev (3m)1.48%
EPS NY rev (1m)0.99%
EPS NY rev (3m)2.56%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)0.23%
Revenue NY rev (1m)-0.49%
Revenue NY rev (3m)-0.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.59 | ||
| Fwd PE | 30.19 | ||
| P/S | 9.64 | ||
| P/FCF | 40.57 | ||
| P/OCF | 16.77 | ||
| P/B | 2.31 | ||
| P/tB | 2.35 | ||
| EV/EBITDA | 20.47 |
EPS(TTM)4.61
EY3.07%
EPS(NY)4.98
Fwd EY3.31%
FCF(TTM)3.7
FCFY2.46%
OCF(TTM)8.96
OCFY5.96%
SpS15.59
BVpS64.97
TBVpS64.07
PEG (NY)2.53
PEG (5Y)5.15
Graham Number82.09
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 | 1.42 |
F-Score5
WACC7.44%
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)10.29%
EPS 3Y-11.05%
EPS 5Y6.33%
EPS Q2Q%-0.84%
EPS Next Y12.91%
EPS Next 2Y6.97%
EPS Next 3Y6.41%
EPS Next 5Y6.68%
Revenue 1Y (TTM)4.83%
Revenue growth 3Y27.34%
Revenue growth 5Y20.01%
Sales Q2Q%3.43%
Revenue Next Year1.42%
Revenue Next 2Y2.95%
Revenue Next 3Y4.44%
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 32.59 and the Price/Book (PB) ratio is 2.31.
Can you provide the financial health for EXR stock?
The financial health rating of EXTRA SPACE STORAGE INC (EXR) is 1 / 10.