EXTRA SPACE STORAGE INC (EXR) Stock Fundamental Analysis
USA - NYSE:EXR - US30225T1025 - REIT
130.34 USD
-0.21 (-0.16%)
130.34 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to EXR. EXR was compared to 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 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.
EXR had a positive operating cash flow in the past year.
EXR had positive earnings in each of the past 5 years.
In the past 5 years EXR always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.24%, EXR is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
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.
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's Profit Margin of 28.35% is fine compared to the rest of the industry. EXR outperforms 70.00% of its industry peers.
In the last couple of years the Profit Margin of EXR has declined.
EXR has a better Operating Margin (43.52%) 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 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EXR is destroying value.
The number of shares outstanding for EXR has been increased compared to 1 year ago.
Compared to 5 years ago, EXR has more shares outstanding
EXR has a worse debt/assets ratio than last year.
2.2 Solvency
EXR has an Altman-Z score of 1.25. This is a bad value and indicates that EXR is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of EXR (1.25) is better 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'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.
A Debt/Equity ratio of 0.95 indicates that EXR is somewhat dependend on debt financing.
EXR has a Debt to Equity ratio (0.95) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | 15.11 | ||
| Altman-Z | 1.25 |
ROIC/WACC0.56
WACC7.37%
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.
EXR has a Quick 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.
The Quick ratio of EXR (0.32) is worse 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.
EXR shows a small growth in Revenue. In the last year, the Revenue has grown by 3.38%.
Measured over the past years, EXR shows a very strong growth in Revenue. The Revenue has been growing by 20.01% on average per year.
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.
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
Based on the Price/Earnings ratio of 29.09, 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 25.51, EXR is valued at the same level.
Based on the Price/Forward Earnings ratio of 26.28, the valuation of EXR can be described as expensive.
EXR's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of EXR to the average of the S&P500 Index (34.98), we can say EXR is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.09 | ||
| Fwd PE | 26.28 |
4.2 Price Multiples
EXR's Enterprise Value to EBITDA is on the same level as the industry average.
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 | 32.39 | ||
| EV/EBITDA | 18.51 |
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)2.3
PEG (5Y)4.59
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.
EXR's Dividend Yield is comparable with the industry average which is at 6.26.
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
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
145.22% of the earnings are spent on dividend by EXR. 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.
DP145.22%
EPS Next 2Y6.78%
EPS Next 3Y6.24%
130.34
-0.21 (-0.16%)
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 Cap27.66B
Revenue(TTM)3.34B
Net Income(TTM)947.44M
Analysts69.6
Price Target160.65 (23.25%)
Short Float %1.88%
Short Ratio3.57
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 | 29.09 | ||
| Fwd PE | 26.28 | ||
| P/S | 8.28 | ||
| P/FCF | 32.39 | ||
| P/OCF | 14.63 | ||
| P/B | 2.03 | ||
| P/tB | 2.06 | ||
| EV/EBITDA | 18.51 |
EPS(TTM)4.48
EY3.44%
EPS(NY)4.96
Fwd EY3.81%
FCF(TTM)4.02
FCFY3.09%
OCF(TTM)8.91
OCFY6.83%
SpS15.75
BVpS64.16
TBVpS63.28
PEG (NY)2.3
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 | 1.25 |
F-Score6
WACC7.37%
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 29.09 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.