LIFE STORAGE INC (LSI) Fundamental Analysis & Valuation

NYSE:LSI • US53223X1072

Current stock price

133.1 USD
-1.02 (-0.76%)
At close:
133.7 USD
+0.6 (+0.45%)
After Hours:

This LSI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. LSI Profitability Analysis

1.1 Basic Checks

  • LSI had positive earnings in the past year.
  • In the past year LSI had a positive cash flow from operations.
LSI Yearly Net Income VS EBIT VS OCF VS FCFLSI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 0 500M -500M -1B

1.2 Ratios

  • The Return On Assets of LSI (4.96%) is better than 73.33% of its industry peers.
  • LSI has a Return On Equity of 10.27%. This is in the better half of the industry: LSI outperforms 66.67% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 5.20%, LSI is in line with its industry, outperforming 60.00% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for LSI is in line with the industry average of 5.10%.
  • The last Return On Invested Capital (5.20%) for LSI is above the 3 year average (4.37%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.96%
ROE 10.27%
ROIC 5.2%
ROA(3y)3.95%
ROA(5y)4.66%
ROE(3y)7.88%
ROE(5y)9.16%
ROIC(3y)4.37%
ROIC(5y)4.38%
LSI Yearly ROA, ROE, ROICLSI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2 4 6 8 10

1.3 Margins

  • LSI's Profit Margin of 33.96% is fine compared to the rest of the industry. LSI outperforms 76.67% of its industry peers.
  • LSI's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 44.13%, LSI is in the better half of the industry, outperforming 76.67% of the companies in the same industry.
  • In the last couple of years the Operating Margin of LSI has grown nicely.
  • The Gross Margin of LSI (73.35%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of LSI has grown nicely.
Industry RankSector Rank
OM 44.13%
PM (TTM) 33.96%
GM 73.35%
OM growth 3Y4.08%
OM growth 5Y6.35%
PM growth 3Y-8.49%
PM growth 5Y13.65%
GM growth 3Y3.43%
GM growth 5Y2.08%
LSI Yearly Profit, Operating, Gross MarginsLSI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 20 40 60

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2

2. LSI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), LSI is destroying value.
  • LSI has more shares outstanding than it did 1 year ago.
  • LSI has a worse debt/assets ratio than last year.
LSI Yearly Shares OutstandingLSI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M 80M 100M
LSI Yearly Total Debt VS Total AssetsLSI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2B 4B 6B

2.2 Solvency

  • LSI has an Altman-Z score of 2.07. This is not the best score and indicates that LSI is in the grey zone with still only limited risk for bankruptcy at the moment.
  • LSI has a Altman-Z score of 2.07. This is amongst the best in the industry. LSI outperforms 83.33% of its industry peers.
  • A Debt/Equity ratio of 0.95 indicates that LSI is somewhat dependend on debt financing.
  • LSI has a Debt to Equity ratio of 0.95. This is comparable to the rest of the industry: LSI outperforms 56.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.95
Debt/FCF N/A
Altman-Z 2.07
ROIC/WACC0.66
WACC7.85%
LSI Yearly LT Debt VS Equity VS FCFLSI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 0 1B -1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 0.50 indicates that LSI may have some problems paying its short term obligations.
  • With a Current ratio value of 0.50, LSI is not doing good in the industry: 70.00% of the companies in the same industry are doing better.
  • LSI has a Quick Ratio of 0.50. This is a bad value and indicates that LSI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.50, LSI is doing worse than 70.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.5
Quick Ratio 0.5
LSI Yearly Current Assets VS Current LiabilitesLSI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 50M 100M 150M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. LSI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 26.02% over the past year.
  • Measured over the past years, LSI shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.29% on average per year.
  • Looking at the last year, LSI shows a very strong growth in Revenue. The Revenue has grown by 26.83%.
  • The Revenue has been growing by 14.40% on average over the past years. This is quite good.
EPS 1Y (TTM)26.02%
EPS 3Y23.24%
EPS 5Y22.29%
EPS Q2Q%9.09%
Revenue 1Y (TTM)26.83%
Revenue growth 3Y21.79%
Revenue growth 5Y14.4%
Sales Q2Q%17.18%

3.2 Future

  • LSI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.56% yearly.
  • LSI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.90% yearly.
EPS Next Y6.43%
EPS Next 2Y8.5%
EPS Next 3Y8.37%
EPS Next 5Y5.56%
Revenue Next Year2.51%
Revenue Next 2Y3.8%
Revenue Next 3Y5.26%
Revenue Next 5Y7.9%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
LSI Yearly Revenue VS EstimatesLSI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
LSI Yearly EPS VS EstimatesLSI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4 5

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1

4. LSI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 30.88, LSI can be considered very expensive at the moment.
  • LSI's Price/Earnings is on the same level as the industry average.
  • LSI is valuated rather expensively when we compare the Price/Earnings ratio to 24.88, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 26.73 indicates a quite expensive valuation of LSI.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of LSI is on the same level as its industry peers.
  • When comparing the Price/Forward Earnings ratio of LSI to the average of the S&P500 Index (22.19), we can say LSI is valued slightly more expensively.
Industry RankSector Rank
PE 30.88
Fwd PE 26.73
LSI Price Earnings VS Forward Price EarningsLSI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, LSI is valued a bit more expensive than the industry average as 76.67% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 21.93
LSI Per share dataLSI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates LSI does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of LSI may justify a higher PE ratio.
PEG (NY)4.8
PEG (5Y)1.39
EPS Next 2Y8.5%
EPS Next 3Y8.37%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. LSI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.70%, LSI has a reasonable but not impressive dividend return.
  • With a Dividend Yield of 2.70, LSI pays less dividend than the industry average, which is at 4.72. 83.33% of the companies listed in the same industry pay a better dividend than LSI!
  • LSI's Dividend Yield is a higher than the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.7%

5.2 History

  • The dividend of LSI is nicely growing with an annual growth rate of 9.59%!
  • LSI has been paying a dividend for over 5 years, so it has already some track record.
  • LSI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)9.59%
Div Incr Years3
Div Non Decr Years12
LSI Yearly Dividends per shareLSI Yearly Dividends per shareYearly Dividends per share 2017 2018 2019 2020 2021 2022 2023 1 2 3 4

5.3 Sustainability

  • LSI pays out 100.86% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of LSI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP100.86%
EPS Next 2Y8.5%
EPS Next 3Y8.37%
LSI Yearly Income VS Free CF VS DividendLSI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 0 -500M -1B
LSI Dividend Payout.LSI Dividend Payout, showing the Payout Ratio.LSI Dividend Payout.PayoutRetained Earnings

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LSI Fundamentals: All Metrics, Ratios and Statistics

LIFE STORAGE INC

NYSE:LSI (7/19/2023, 8:23:04 PM)

After market: 133.7 +0.6 (+0.45%)

133.1

-1.02 (-0.76%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)05-02
Earnings (Next)08-01
Inst Owners0%
Inst Owner Change0%
Ins Owners0.78%
Ins Owner Change0%
Market Cap11.33B
Revenue(TTM)1.08B
Net Income(TTM)366.16M
Analysts71.43
Price Target143.82 (8.05%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.7%
Yearly Dividend4.16
Dividend Growth(5Y)9.59%
DP100.86%
Div Incr Years3
Div Non Decr Years12
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.82%
Min EPS beat(2)-7.42%
Max EPS beat(2)1.79%
EPS beat(4)3
Avg EPS beat(4)1.63%
Min EPS beat(4)-7.42%
Max EPS beat(4)8.14%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)3.31%
Min Revenue beat(2)0.96%
Max Revenue beat(2)5.66%
Revenue beat(4)4
Avg Revenue beat(4)3.45%
Min Revenue beat(4)0.96%
Max Revenue beat(4)5.66%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.16%
PT rev (3m)0.95%
EPS NQ rev (1m)-0.81%
EPS NQ rev (3m)-2.36%
EPS NY rev (1m)-2.31%
EPS NY rev (3m)-2.31%
Revenue NQ rev (1m)-4.94%
Revenue NQ rev (3m)-5.64%
Revenue NY rev (1m)-6.28%
Revenue NY rev (3m)-6.28%
Valuation
Industry RankSector Rank
PE 30.88
Fwd PE 26.73
P/S 10.5
P/FCF N/A
P/OCF 18.8
P/B 3.18
P/tB 3.19
EV/EBITDA 21.93
EPS(TTM)4.31
EY3.24%
EPS(NY)4.98
Fwd EY3.74%
FCF(TTM)-1.3
FCFYN/A
OCF(TTM)7.08
OCFY5.32%
SpS12.67
BVpS41.9
TBVpS41.68
PEG (NY)4.8
PEG (5Y)1.39
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 4.96%
ROE 10.27%
ROCE N/A
ROIC 5.2%
ROICexc 5.22%
ROICexgc 5.24%
OM 44.13%
PM (TTM) 33.96%
GM 73.35%
FCFM N/A
ROA(3y)3.95%
ROA(5y)4.66%
ROE(3y)7.88%
ROE(5y)9.16%
ROIC(3y)4.37%
ROIC(5y)4.38%
ROICexc(3y)4.42%
ROICexc(5y)4.43%
ROICexgc(3y)4.45%
ROICexgc(5y)4.45%
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y5.05%
ROICexgc growth 5Y6.86%
ROICexc growth 3Y5.13%
ROICexc growth 5Y6.9%
OM growth 3Y4.08%
OM growth 5Y6.35%
PM growth 3Y-8.49%
PM growth 5Y13.65%
GM growth 3Y3.43%
GM growth 5Y2.08%
F-Score6
Asset Turnover0.15
Health
Industry RankSector Rank
Debt/Equity 0.95
Debt/FCF N/A
Debt/EBITDA 5.08
Cap/Depr 366.87%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.5
Quick Ratio 0.5
Altman-Z 2.07
F-Score6
WACC7.85%
ROIC/WACC0.66
Cap/Depr(3y)559.87%
Cap/Depr(5y)366.07%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)26.02%
EPS 3Y23.24%
EPS 5Y22.29%
EPS Q2Q%9.09%
EPS Next Y6.43%
EPS Next 2Y8.5%
EPS Next 3Y8.37%
EPS Next 5Y5.56%
Revenue 1Y (TTM)26.83%
Revenue growth 3Y21.79%
Revenue growth 5Y14.4%
Sales Q2Q%17.18%
Revenue Next Year2.51%
Revenue Next 2Y3.8%
Revenue Next 3Y5.26%
Revenue Next 5Y7.9%
EBIT growth 1Y30.73%
EBIT growth 3Y26.76%
EBIT growth 5Y21.66%
EBIT Next Year56.6%
EBIT Next 3Y22.08%
EBIT Next 5Y20.96%
FCF growth 1Y-141.42%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y87.63%
OCF growth 3Y28.16%
OCF growth 5Y18.74%

LIFE STORAGE INC / LSI Fundamental Analysis FAQ

What is the ChartMill fundamental rating of LIFE STORAGE INC (LSI) stock?

ChartMill assigns a fundamental rating of 4 / 10 to LSI.


Can you provide the valuation status for LIFE STORAGE INC?

ChartMill assigns a valuation rating of 2 / 10 to LIFE STORAGE INC (LSI). This can be considered as Overvalued.


How profitable is LIFE STORAGE INC (LSI) stock?

LIFE STORAGE INC (LSI) has a profitability rating of 7 / 10.


What is the financial health of LIFE STORAGE INC (LSI) stock?

The financial health rating of LIFE STORAGE INC (LSI) is 2 / 10.


Can you provide the dividend sustainability for LSI stock?

The dividend rating of LIFE STORAGE INC (LSI) is 4 / 10 and the dividend payout ratio is 100.86%.