NATIONAL STORAGE AFFILIATES (NSA) Fundamental Analysis & Valuation

NYSE:NSA • US6378701063

Current stock price

30.94 USD
-0.02 (-0.06%)
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This NSA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. NSA Profitability Analysis

1.1 Basic Checks

  • NSA had positive earnings in the past year.
  • In the past year NSA had a positive cash flow from operations.
  • NSA had positive earnings in each of the past 5 years.
  • In the past 5 years NSA always reported a positive cash flow from operatings.
NSA Yearly Net Income VS EBIT VS OCF VS FCFNSA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -500M -1B -1.5B

1.2 Ratios

  • With a Return On Assets value of 1.05%, NSA is not doing good in the industry: 67.86% of the companies in the same industry are doing better.
  • Looking at the Return On Equity, with a value of 5.63%, NSA is in line with its industry, outperforming 53.57% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 4.44%, NSA is in line with its industry, outperforming 53.57% of the companies in the same industry.
  • NSA had an Average Return On Invested Capital over the past 3 years of 4.50%. This is in line with the industry average of 5.05%.
Industry RankSector Rank
ROA 1.05%
ROE 5.63%
ROIC 4.44%
ROA(3y)1.69%
ROA(5y)1.64%
ROE(3y)7.92%
ROE(5y)6.89%
ROIC(3y)4.5%
ROIC(5y)4.09%
NSA Yearly ROA, ROE, ROICNSA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 4 6 8

1.3 Margins

  • The Profit Margin of NSA (7.07%) is worse than 60.71% of its industry peers.
  • In the last couple of years the Profit Margin of NSA has declined.
  • NSA has a Operating Margin (37.01%) which is comparable to the rest of the industry.
  • NSA's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 37.01%
PM (TTM) 7.07%
GM N/A
OM growth 3Y0.81%
OM growth 5Y1.69%
PM growth 3Y-14.35%
PM growth 5Y-2.92%
GM growth 3YN/A
GM growth 5YN/A
NSA Yearly Profit, Operating, Gross MarginsNSA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

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1

2. NSA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NSA is destroying value.
  • NSA has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, NSA has more shares outstanding
  • NSA has a worse debt/assets ratio than last year.
NSA Yearly Shares OutstandingNSA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
NSA Yearly Total Debt VS Total AssetsNSA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of 0.48, we must say that NSA is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.48, NSA is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
  • NSA has a debt to FCF ratio of 12.36. This is a negative value and a sign of low solvency as NSA would need 12.36 years to pay back of all of its debts.
  • NSA has a better Debt to FCF ratio (12.36) than 64.29% of its industry peers.
  • NSA has a Debt/Equity ratio of 3.60. This is a high value indicating a heavy dependency on external financing.
  • NSA has a worse Debt to Equity ratio (3.60) than 67.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.6
Debt/FCF 12.36
Altman-Z 0.48
ROIC/WACC0.61
WACC7.22%
NSA Yearly LT Debt VS Equity VS FCFNSA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 0.43 indicates that NSA may have some problems paying its short term obligations.
  • With a Current ratio value of 0.43, NSA is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.43 indicates that NSA may have some problems paying its short term obligations.
  • NSA has a worse Quick ratio (0.43) than 64.29% of its industry peers.
Industry RankSector Rank
Current Ratio 0.43
Quick Ratio 0.43
NSA Yearly Current Assets VS Current LiabilitesNSA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M

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

3

3. NSA Growth Analysis

3.1 Past

  • NSA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -39.47%.
  • Measured over the past 5 years, NSA shows a small growth in Earnings Per Share. The EPS has been growing by 7.09% on average per year.
  • Looking at the last year, NSA shows a decrease in Revenue. The Revenue has decreased by -2.26% in the last year.
  • The Revenue has been growing by 11.74% on average over the past years. This is quite good.
EPS 1Y (TTM)-39.47%
EPS 3Y-11.63%
EPS 5Y7.09%
EPS Q2Q%53.33%
Revenue 1Y (TTM)-2.26%
Revenue growth 3Y-2.07%
Revenue growth 5Y11.74%
Sales Q2Q%-1.62%

3.2 Future

  • NSA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.40% yearly.
  • The Revenue is expected to grow by 4.40% on average over the next years.
EPS Next Y-2.51%
EPS Next 2Y0.68%
EPS Next 3Y5.4%
EPS Next 5YN/A
Revenue Next Year0.41%
Revenue Next 2Y1.85%
Revenue Next 3Y2.7%
Revenue Next 5Y4.4%

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 decreasing.
  • 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.
NSA Yearly Revenue VS EstimatesNSA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M 800M
NSA Yearly EPS VS EstimatesNSA Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 1

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3

4. NSA Valuation Analysis

4.1 Price/Earnings Ratio

  • NSA is valuated quite expensively with a Price/Earnings ratio of 44.84.
  • The rest of the industry has a similar Price/Earnings ratio as NSA.
  • When comparing the Price/Earnings ratio of NSA to the average of the S&P500 Index (25.70), we can say NSA is valued expensively.
  • Based on the Price/Forward Earnings ratio of 46.00, the valuation of NSA can be described as expensive.
  • The rest of the industry has a similar Price/Forward Earnings ratio as NSA.
  • The average S&P500 Price/Forward Earnings ratio is at 23.84. NSA is valued rather expensively when compared to this.
Industry RankSector Rank
PE 44.84
Fwd PE 46
NSA Price Earnings VS Forward Price EarningsNSA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NSA indicates a rather cheap valuation: NSA is cheaper than 100.00% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of NSA indicates a rather cheap valuation: NSA is cheaper than 100.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.66
EV/EBITDA 12.32
NSA Per share dataNSA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)6.33
EPS Next 2Y0.68%
EPS Next 3Y5.4%

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

7

5. NSA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 7.36%, NSA is a good candidate for dividend investing.
  • NSA's Dividend Yield is rather good when compared to the industry average which is at 5.47. NSA pays more dividend than 92.86% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, NSA pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.36%

5.2 History

  • On average, the dividend of NSA grows each year by 10.06%, which is quite nice.
  • NSA has paid a dividend for at least 10 years, which is a reliable track record.
  • NSA has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)10.06%
Div Incr Years9
Div Non Decr Years9
NSA Yearly Dividends per shareNSA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • NSA pays out 366.83% of its income as dividend. This is not a sustainable payout ratio.
  • NSA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP366.83%
EPS Next 2Y0.68%
EPS Next 3Y5.4%
NSA Yearly Income VS Free CF VS DividendNSA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -500M -1B -1.5B
NSA Dividend Payout.NSA Dividend Payout, showing the Payout Ratio.NSA Dividend Payout.PayoutRetained Earnings

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NSA Fundamentals: All Metrics, Ratios and Statistics

NATIONAL STORAGE AFFILIATES

NYSE:NSA (3/13/2026, 8:04:00 PM)

After market: 30.94 0 (0%)

30.94

-0.02 (-0.06%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)02-25
Earnings (Next)05-04
Inst Owners103.04%
Inst Owner Change5.38%
Ins Owners7.98%
Ins Owner Change0%
Market Cap2.39B
Revenue(TTM)752.93M
Net Income(TTM)53.26M
Analysts53.04
Price Target33.19 (7.27%)
Short Float %9.37%
Short Ratio4.3
Dividend
Industry RankSector Rank
Dividend Yield 7.36%
Yearly Dividend2.55
Dividend Growth(5Y)10.06%
DP366.83%
Div Incr Years9
Div Non Decr Years9
Ex-Date03-13
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)14.79%
Min EPS beat(2)-4.37%
Max EPS beat(2)33.95%
EPS beat(4)1
Avg EPS beat(4)-5.7%
Min EPS beat(4)-43.42%
Max EPS beat(4)33.95%
EPS beat(8)3
Avg EPS beat(8)-0.54%
EPS beat(12)5
Avg EPS beat(12)20.06%
EPS beat(16)5
Avg EPS beat(16)8.33%
Revenue beat(2)2
Avg Revenue beat(2)1.69%
Min Revenue beat(2)1.16%
Max Revenue beat(2)2.22%
Revenue beat(4)3
Avg Revenue beat(4)-0.35%
Min Revenue beat(4)-8.32%
Max Revenue beat(4)3.53%
Revenue beat(8)7
Avg Revenue beat(8)0.59%
Revenue beat(12)11
Avg Revenue beat(12)1.03%
Revenue beat(16)15
Avg Revenue beat(16)1.9%
PT rev (1m)0.22%
PT rev (3m)-2.68%
EPS NQ rev (1m)4.08%
EPS NQ rev (3m)-34.04%
EPS NY rev (1m)0%
EPS NY rev (3m)3.74%
Revenue NQ rev (1m)1.21%
Revenue NQ rev (3m)2.33%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)0.16%
Valuation
Industry RankSector Rank
PE 44.84
Fwd PE 46
P/S 3.17
P/FCF 8.66
P/OCF 7.05
P/B 2.52
P/tB 2.98
EV/EBITDA 12.32
EPS(TTM)0.69
EY2.23%
EPS(NY)0.67
Fwd EY2.17%
FCF(TTM)3.57
FCFY11.55%
OCF(TTM)4.39
OCFY14.19%
SpS9.76
BVpS12.27
TBVpS10.37
PEG (NY)N/A
PEG (5Y)6.33
Graham Number13.8
Profitability
Industry RankSector Rank
ROA 1.05%
ROE 5.63%
ROCE 5.61%
ROIC 4.44%
ROICexc 4.46%
ROICexgc 4.6%
OM 37.01%
PM (TTM) 7.07%
GM N/A
FCFM 36.59%
ROA(3y)1.69%
ROA(5y)1.64%
ROE(3y)7.92%
ROE(5y)6.89%
ROIC(3y)4.5%
ROIC(5y)4.09%
ROICexc(3y)4.53%
ROICexc(5y)4.12%
ROICexgc(3y)4.66%
ROICexgc(5y)4.22%
ROCE(3y)5.69%
ROCE(5y)5.18%
ROICexgc growth 3Y5.39%
ROICexgc growth 5Y5.96%
ROICexc growth 3Y4.92%
ROICexc growth 5Y5.59%
OM growth 3Y0.81%
OM growth 5Y1.69%
PM growth 3Y-14.35%
PM growth 5Y-2.92%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.15
Health
Industry RankSector Rank
Debt/Equity 3.6
Debt/FCF 12.36
Debt/EBITDA 7.28
Cap/Depr 33.29%
Cap/Sales 8.37%
Interest Coverage 1.78
Cash Conversion 72.34%
Profit Quality 517.24%
Current Ratio 0.43
Quick Ratio 0.43
Altman-Z 0.48
F-Score4
WACC7.22%
ROIC/WACC0.61
Cap/Depr(3y)46.99%
Cap/Depr(5y)326.84%
Cap/Sales(3y)11.82%
Cap/Sales(5y)88.77%
Profit Quality(3y)344.63%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-39.47%
EPS 3Y-11.63%
EPS 5Y7.09%
EPS Q2Q%53.33%
EPS Next Y-2.51%
EPS Next 2Y0.68%
EPS Next 3Y5.4%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.26%
Revenue growth 3Y-2.07%
Revenue growth 5Y11.74%
Sales Q2Q%-1.62%
Revenue Next Year0.41%
Revenue Next 2Y1.85%
Revenue Next 3Y2.7%
Revenue Next 5Y4.4%
EBIT growth 1Y-6.23%
EBIT growth 3Y-1.27%
EBIT growth 5Y13.63%
EBIT Next Year56.78%
EBIT Next 3Y19.11%
EBIT Next 5YN/A
FCF growth 1Y12.36%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-6.77%
OCF growth 3Y-8.64%
OCF growth 5Y8.94%

NATIONAL STORAGE AFFILIATES / NSA Fundamental Analysis FAQ

What is the fundamental rating for NSA stock?

ChartMill assigns a fundamental rating of 3 / 10 to NSA.


What is the valuation status for NSA stock?

ChartMill assigns a valuation rating of 3 / 10 to NATIONAL STORAGE AFFILIATES (NSA). This can be considered as Overvalued.


What is the profitability of NSA stock?

NATIONAL STORAGE AFFILIATES (NSA) has a profitability rating of 4 / 10.


What are the PE and PB ratios of NATIONAL STORAGE AFFILIATES (NSA) stock?

The Price/Earnings (PE) ratio for NATIONAL STORAGE AFFILIATES (NSA) is 44.84 and the Price/Book (PB) ratio is 2.52.


Is the dividend of NATIONAL STORAGE AFFILIATES sustainable?

The dividend rating of NATIONAL STORAGE AFFILIATES (NSA) is 7 / 10 and the dividend payout ratio is 366.83%.