NATIONAL STORAGE AFFILIATES (NSA) Fundamental Analysis & Valuation

NYSE:NSA • US6378701063

Current stock price

41.9 USD
-0.54 (-1.27%)
At close:
41.5821 USD
-0.32 (-0.76%)
After Hours:

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.
  • NSA had a positive operating cash flow in the past year.
  • 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

  • Looking at the Return On Assets, with a value of 1.05%, NSA is doing worse than 67.86% of the companies in the same industry.
  • NSA has a Return On Equity (5.63%) which is comparable to the rest of the industry.
  • With a Return On Invested Capital value of 4.44%, NSA perfoms like the industry average, outperforming 53.57% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for NSA is in line with the industry average of 5.10%.
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

  • Looking at the Profit Margin, with a value of 7.07%, NSA is doing worse than 64.29% of the companies in the same industry.
  • In the last couple of years the Profit Margin of NSA has declined.
  • The Operating Margin of NSA (37.01%) 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.
  • The number of shares outstanding for NSA has been increased compared to 5 years ago.
  • 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

  • NSA has an Altman-Z score of 0.61. This is a bad value and indicates that NSA is not financially healthy and even has some risk of bankruptcy.
  • NSA's Altman-Z score of 0.61 is on the low side compared to the rest of the industry. NSA is outperformed by 75.00% of its industry peers.
  • 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 67.86% 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.
  • With a Debt to Equity ratio value of 3.60, NSA is not doing good in the industry: 67.86% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 3.6
Debt/FCF 12.36
Altman-Z 0.61
ROIC/WACC0.6
WACC7.43%
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

  • NSA has a Current Ratio of 0.43. This is a bad value and indicates that NSA is not financially healthy enough and could expect problems in meeting 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 Quick ratio of 0.43. This is in the lower half of the industry: NSA underperforms 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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3

3. NSA Growth Analysis

3.1 Past

  • The earnings per share for NSA have decreased strongly by -39.47% in the last year.
  • 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.
  • NSA shows a decrease in Revenue. In the last year, the revenue decreased by -2.26%.
  • NSA shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.74% yearly.
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

  • Based on estimates for the next years, NSA will show a small growth in Earnings Per Share. The EPS will grow by 0.57% on average per year.
  • NSA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.40% yearly.
EPS Next Y11.98%
EPS Next 2Y6.51%
EPS Next 3Y0.57%
EPS Next 5YN/A
Revenue Next Year-0.67%
Revenue Next 2Y0.84%
Revenue Next 3Y2.62%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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 60.72.
  • Compared to the rest of the industry, the Price/Earnings ratio of NSA indicates a slightly more expensive valuation: NSA is more expensive than 60.71% of the companies listed in the same industry.
  • NSA's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.38.
  • With a Price/Forward Earnings ratio of 54.23, NSA can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NSA is on the same level as its industry peers.
  • The average S&P500 Price/Forward Earnings ratio is at 38.20. NSA is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 60.72
Fwd PE 54.23
NSA Price Earnings VS Forward Price EarningsNSA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

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 89.29% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, NSA is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.73
EV/EBITDA 14.22
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

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NSA does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)5.07
PEG (5Y)8.57
EPS Next 2Y6.51%
EPS Next 3Y0.57%

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7

5. NSA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.56%, NSA is a good candidate for dividend investing.
  • NSA's Dividend Yield is a higher than the industry average which is at 4.33.
  • Compared to an average S&P500 Dividend Yield of 1.82, NSA pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.56%

5.2 History

  • On average, the dividend of NSA grows each year by 10.06%, which is quite nice.
  • NSA has been paying a dividend for at least 10 years, so it has a reliable track record.
  • NSA has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)10.06%
Div Incr Years10
Div Non Decr Years10
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

  • 366.83% of the earnings are spent on dividend by NSA. This is not a sustainable payout ratio.
  • The dividend of NSA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP366.83%
EPS Next 2Y6.51%
EPS Next 3Y0.57%
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 (4/15/2026, 8:10:16 PM)

After market: 41.5821 -0.32 (-0.76%)

41.9

-0.54 (-1.27%)

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 Owners102.97%
Inst Owner Change-0.02%
Ins Owners7.77%
Ins Owner Change0%
Market Cap3.23B
Revenue(TTM)752.93M
Net Income(TTM)53.26M
Analysts67.06
Price Target36.85 (-12.05%)
Short Float %5.93%
Short Ratio2.05
Dividend
Industry RankSector Rank
Dividend Yield 5.56%
Yearly Dividend2.55
Dividend Growth(5Y)10.06%
DP366.83%
Div Incr Years10
Div Non Decr Years10
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)11.03%
PT rev (3m)9.36%
EPS NQ rev (1m)2.94%
EPS NQ rev (3m)-32.1%
EPS NY rev (1m)14.86%
EPS NY rev (3m)19.16%
Revenue NQ rev (1m)-1.76%
Revenue NQ rev (3m)-0.57%
Revenue NY rev (1m)-1.07%
Revenue NY rev (3m)-0.73%
Valuation
Industry RankSector Rank
PE 60.72
Fwd PE 54.23
P/S 4.29
P/FCF 11.73
P/OCF 9.55
P/B 3.42
P/tB 4.04
EV/EBITDA 14.22
EPS(TTM)0.69
EY1.65%
EPS(NY)0.77
Fwd EY1.84%
FCF(TTM)3.57
FCFY8.52%
OCF(TTM)4.39
OCFY10.47%
SpS9.76
BVpS12.26
TBVpS10.37
PEG (NY)5.07
PEG (5Y)8.57
Graham Number13.7984 (-67.07%)
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 0.61
F-Score4
WACC7.43%
ROIC/WACC0.6
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 Y11.98%
EPS Next 2Y6.51%
EPS Next 3Y0.57%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.26%
Revenue growth 3Y-2.07%
Revenue growth 5Y11.74%
Sales Q2Q%-1.62%
Revenue Next Year-0.67%
Revenue Next 2Y0.84%
Revenue Next 3Y2.62%
Revenue Next 5Y4.4%
EBIT growth 1Y-6.23%
EBIT growth 3Y-1.27%
EBIT growth 5Y13.63%
EBIT Next Year56.3%
EBIT Next 3Y11.05%
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.


How profitable is NATIONAL STORAGE AFFILIATES (NSA) stock?

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


What is the expected EPS growth for NATIONAL STORAGE AFFILIATES (NSA) stock?

The Earnings per Share (EPS) of NATIONAL STORAGE AFFILIATES (NSA) is expected to grow by 11.98% in the next year.


Can you provide the dividend sustainability for NSA stock?

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