EXTRA SPACE STORAGE INC (EXR) Stock Fundamental Analysis
USA - NYSE:EXR - US30225T1025 - REIT
132.91 USD
+0.97 (+0.74%)
132.91 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.
In the past 5 years EXR has always been profitable.
Each year in the past 5 years EXR had a positive operating cash flow.
1.2 Ratios
EXR has a Return On Assets of 3.24%. This is in the better half of the industry: EXR outperforms 63.33% of its industry peers.
With a Return On Equity value of 6.96%, EXR perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
EXR has a Return On Invested Capital (4.10%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for EXR 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
With a decent Profit Margin value of 28.35%, EXR is doing good in the industry, outperforming 70.00% of the companies in the same industry.
EXR's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 43.52%, EXR is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
In the last couple of years the Operating Margin of EXR has declined.
With a Gross Margin value of 70.74%, EXR perfoms like the industry average, outperforming 50.00% of the companies in the same 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.
EXR has more shares outstanding than it did 5 years ago.
EXR has a worse debt/assets ratio than last year.
2.2 Solvency
EXR has an Altman-Z score of 1.27. This is a bad value and indicates that EXR is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.27, EXR is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
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's Debt to FCF ratio of 15.11 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 0.95. This is a neutral value indicating 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 | 1.27 |
ROIC/WACC0.56
WACC7.39%
2.3 Liquidity
EXR has a Current Ratio of 0.32. This is a bad value and indicates that EXR is not financially healthy enough and could expect problems in meeting 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.
Looking at the Quick ratio, with a value of 0.32, EXR is doing worse than 80.00% of the companies in the same industry.
| 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.
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 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
EXR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.68% yearly.
Based on estimates for the next years, EXR will show a small growth in Revenue. The Revenue will grow by 3.58% on average per year.
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
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.
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 29.67 indicates a quite expensive valuation of EXR.
Based on the Price/Earnings ratio, EXR is valued a bit cheaper than 63.33% of the companies in the same industry.
EXR is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.89, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 26.80, the valuation of EXR can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of EXR is on the same level as its industry peers.
EXR's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 34.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.67 | ||
| Fwd PE | 26.8 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of EXR is on the same level as its industry peers.
The rest of the industry has a similar Price/Free Cash Flow ratio as EXR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.03 | ||
| EV/EBITDA | 18.76 |
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)4.68
EPS Next 2Y6.78%
EPS Next 3Y6.24%
5. Dividend
5.1 Amount
EXR has a Yearly Dividend Yield of 4.91%, which is a nice return.
Compared to an average industry Dividend Yield of 6.26, EXR has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, EXR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.91% |
5.2 History
The dividend of EXR is nicely growing with an annual growth rate of 12.75%!
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
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%
132.91
+0.97 (+0.74%)
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 Change0.18%
Ins Owners0.9%
Ins Owner Change0.95%
Market Cap28.21B
Revenue(TTM)3.34B
Net Income(TTM)947.44M
Analysts69.6
Price Target160.65 (20.87%)
Short Float %1.82%
Short Ratio3.82
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.91% |
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)-0.14%
PT rev (3m)-3.24%
EPS NQ rev (1m)0.54%
EPS NQ rev (3m)2.08%
EPS NY rev (1m)0.76%
EPS NY rev (3m)2.32%
Revenue NQ rev (1m)-0.09%
Revenue NQ rev (3m)0.33%
Revenue NY rev (1m)-0.55%
Revenue NY rev (3m)-0.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.67 | ||
| Fwd PE | 26.8 | ||
| P/S | 8.44 | ||
| P/FCF | 33.03 | ||
| P/OCF | 14.92 | ||
| P/B | 2.07 | ||
| P/tB | 2.1 | ||
| EV/EBITDA | 18.76 |
EPS(TTM)4.48
EY3.37%
EPS(NY)4.96
Fwd EY3.73%
FCF(TTM)4.02
FCFY3.03%
OCF(TTM)8.91
OCFY6.7%
SpS15.75
BVpS64.16
TBVpS63.28
PEG (NY)2.35
PEG (5Y)4.68
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 | 1.27 |
F-Score6
WACC7.39%
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 29.67 and the Price/Book (PB) ratio is 2.07.
Can you provide the financial health for EXR stock?
The financial health rating of EXTRA SPACE STORAGE INC (EXR) is 1 / 10.