NATIONAL STORAGE AFFILIATES (NSA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NSA - US6378701063 - REIT
33.4 USD
+0.37 (+1.12%)
33.4 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to NSA. NSA was compared to 30 industry peers in the Specialized REITs industry. There are concerns on the financial health of NSA while its profitability can be described as average. NSA has a expensive valuation and it also scores bad on growth. Finally NSA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- In the past year NSA was profitable.
- In the past year NSA had a positive cash flow from operations.
- NSA had positive earnings in each of the past 5 years.
- Each year in the past 5 years NSA had a positive operating cash flow.
1.2 Ratios
- NSA has a worse Return On Assets (0.92%) than 63.33% of its industry peers.
- Looking at the Return On Equity, with a value of 4.84%, NSA is in line with its industry, outperforming 53.33% of the companies in the same industry.
- NSA has a Return On Invested Capital (4.42%) which is in line with its industry peers.
- The Average Return On Invested Capital over the past 3 years for NSA is in line with the industry average of 4.86%.
- The 3 year average ROIC (4.30%) for NSA is below the current ROIC(4.42%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.92% | ||
| ROE | 4.84% | ||
| ROIC | 4.42% |
ROA(3y)1.84%
ROA(5y)1.63%
ROE(3y)7.87%
ROE(5y)6.49%
ROIC(3y)4.3%
ROIC(5y)3.88%
1.3 Margins
- NSA's Profit Margin of 6.23% is in line compared to the rest of the industry. NSA outperforms 43.33% of its industry peers.
- In the last couple of years the Profit Margin of NSA has declined.
- NSA has a Operating Margin (37.10%) which is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of NSA has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.1% | ||
| PM (TTM) | 6.23% | ||
| GM | N/A |
OM growth 3Y1.16%
OM growth 5Y3.36%
PM growth 3Y-9.08%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- NSA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, NSA has less shares outstanding
- 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.
2.2 Solvency
- Based on the Altman-Z score of 0.50, we must say that NSA is in the distress zone and has some risk of bankruptcy.
- With a Altman-Z score value of 0.50, NSA is not doing good in the industry: 73.33% of the companies in the same industry are doing better.
- The Debt to FCF ratio of NSA is 13.50, which is on the high side as it means it would take NSA, 13.50 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 13.50, NSA is in line with its industry, outperforming 56.67% of the companies in the same industry.
- A Debt/Equity ratio of 3.50 is on the high side and indicates that NSA has dependencies on debt financing.
- The Debt to Equity ratio of NSA (3.50) is worse than 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.5 | ||
| Debt/FCF | 13.5 | ||
| Altman-Z | 0.5 |
ROIC/WACC0.61
WACC7.2%
2.3 Liquidity
- A Current Ratio of 0.40 indicates that NSA may have some problems paying its short term obligations.
- NSA has a worse Current ratio (0.40) than 70.00% of its industry peers.
- NSA has a Quick Ratio of 0.40. This is a bad value and indicates that NSA is not financially healthy enough and could expect problems in meeting its short term obligations.
- NSA's Quick ratio of 0.40 is on the low side compared to the rest of the industry. NSA is outperformed by 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.4 | ||
| Quick Ratio | 0.4 |
3. Growth
3.1 Past
- NSA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -64.33%.
- Measured over the past 5 years, NSA shows a small growth in Earnings Per Share. The EPS has been growing by 6.27% on average per year.
- Looking at the last year, NSA shows a decrease in Revenue. The Revenue has decreased by -4.98% in the last year.
- The Revenue has been growing by 14.71% on average over the past years. This is quite good.
EPS 1Y (TTM)-64.33%
EPS 3Y6.27%
EPS 5YN/A
EPS Q2Q%-5.56%
Revenue 1Y (TTM)-4.98%
Revenue growth 3Y9.57%
Revenue growth 5Y14.71%
Sales Q2Q%-2.54%
3.2 Future
- NSA is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -13.13% yearly.
- The Revenue is expected to grow by 3.19% on average over the next years.
EPS Next Y-44.01%
EPS Next 2Y-24.58%
EPS Next 3Y-13.13%
EPS Next 5YN/A
Revenue Next Year-2.05%
Revenue Next 2Y-0.66%
Revenue Next 3Y0.72%
Revenue Next 5Y3.19%
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.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 54.75, the valuation of NSA can be described as expensive.
- Based on the Price/Earnings ratio, NSA is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
- The average S&P500 Price/Earnings ratio is at 27.32. NSA is valued rather expensively when compared to this.
- A Price/Forward Earnings ratio of 51.51 indicates a quite expensive valuation of NSA.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of NSA indicates a slightly more expensive valuation: NSA is more expensive than 60.00% of the companies listed in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.30. NSA is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 54.75 | ||
| Fwd PE | 51.51 |
4.2 Price Multiples
- NSA's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NSA is cheaper than 96.67% of the companies 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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.19 | ||
| EV/EBITDA | 12.56 |
4.3 Compensation for Growth
- NSA's earnings are expected to decrease with -13.13% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-24.58%
EPS Next 3Y-13.13%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 7.07%, NSA is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 5.65, NSA pays a better dividend. On top of this NSA pays more dividend than 93.33% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.86, NSA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.07% |
5.2 History
- On average, the dividend of NSA grows each year by 10.15%, which is quite nice.
- NSA has been paying a dividend for at least 10 years, so it has a reliable track record.
- As NSA did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)10.15%
Div Incr Years9
Div Non Decr Years9
5.3 Sustainability
- NSA pays out 413.84% of its income as dividend. This is not a sustainable payout ratio.
- NSA's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP413.84%
EPS Next 2Y-24.58%
EPS Next 3Y-13.13%
33.4
+0.37 (+1.12%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)11-03 2025-11-03/amc
Earnings (Next)02-24 2026-02-24/amc
Inst Owners100.26%
Inst Owner Change0.22%
Ins Owners8%
Ins Owner Change0%
Market Cap2.57B
Revenue(TTM)756.02M
Net Income(TTM)47.11M
Analysts52.73
Price Target33.56 (0.48%)
Short Float %10.36%
Short Ratio5.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.07% |
Yearly Dividend2.42
Dividend Growth(5Y)10.15%
DP413.84%
Div Incr Years9
Div Non Decr Years9
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.67%
Min EPS beat(2)-8.98%
Max EPS beat(2)-4.37%
EPS beat(4)0
Avg EPS beat(4)-17.89%
Min EPS beat(4)-43.42%
Max EPS beat(4)-4.37%
EPS beat(8)3
Avg EPS beat(8)26.9%
EPS beat(12)4
Avg EPS beat(12)17.2%
EPS beat(16)4
Avg EPS beat(16)4.38%
Revenue beat(2)2
Avg Revenue beat(2)2.87%
Min Revenue beat(2)2.22%
Max Revenue beat(2)3.53%
Revenue beat(4)3
Avg Revenue beat(4)-0.3%
Min Revenue beat(4)-8.32%
Max Revenue beat(4)3.53%
Revenue beat(8)7
Avg Revenue beat(8)0.79%
Revenue beat(12)11
Avg Revenue beat(12)1.36%
Revenue beat(16)15
Avg Revenue beat(16)2.19%
PT rev (1m)-1.6%
PT rev (3m)-4.27%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.14%
EPS NY rev (1m)0%
EPS NY rev (3m)-13.9%
Revenue NQ rev (1m)1.22%
Revenue NQ rev (3m)1.24%
Revenue NY rev (1m)0.69%
Revenue NY rev (3m)1.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 54.75 | ||
| Fwd PE | 51.51 | ||
| P/S | 3.4 | ||
| P/FCF | 10.19 | ||
| P/OCF | 7.43 | ||
| P/B | 2.64 | ||
| P/tB | 3.12 | ||
| EV/EBITDA | 12.56 |
EPS(TTM)0.61
EY1.83%
EPS(NY)0.65
Fwd EY1.94%
FCF(TTM)3.28
FCFY9.81%
OCF(TTM)4.49
OCFY13.45%
SpS9.82
BVpS12.64
TBVpS10.71
PEG (NY)N/A
PEG (5Y)N/A
Graham Number13.17
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.92% | ||
| ROE | 4.84% | ||
| ROCE | 5.6% | ||
| ROIC | 4.42% | ||
| ROICexc | 4.45% | ||
| ROICexgc | 4.59% | ||
| OM | 37.1% | ||
| PM (TTM) | 6.23% | ||
| GM | N/A | ||
| FCFM | 33.36% |
ROA(3y)1.84%
ROA(5y)1.63%
ROE(3y)7.87%
ROE(5y)6.49%
ROIC(3y)4.3%
ROIC(5y)3.88%
ROICexc(3y)4.34%
ROICexc(5y)3.91%
ROICexgc(3y)4.44%
ROICexgc(5y)3.99%
ROCE(3y)5.44%
ROCE(5y)4.91%
ROICexgc growth 3Y13.51%
ROICexgc growth 5Y6.59%
ROICexc growth 3Y12.74%
ROICexc growth 5Y6.15%
OM growth 3Y1.16%
OM growth 5Y3.36%
PM growth 3Y-9.08%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.5 | ||
| Debt/FCF | 13.5 | ||
| Debt/EBITDA | 7.22 | ||
| Cap/Depr | 49.09% | ||
| Cap/Sales | 12.39% | ||
| Interest Coverage | 1.8 | ||
| Cash Conversion | 73.39% | ||
| Profit Quality | 535.32% | ||
| Current Ratio | 0.4 | ||
| Quick Ratio | 0.4 | ||
| Altman-Z | 0.5 |
F-Score3
WACC7.2%
ROIC/WACC0.61
Cap/Depr(3y)113.11%
Cap/Depr(5y)407.79%
Cap/Sales(3y)31.49%
Cap/Sales(5y)110.85%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-64.33%
EPS 3Y6.27%
EPS 5YN/A
EPS Q2Q%-5.56%
EPS Next Y-44.01%
EPS Next 2Y-24.58%
EPS Next 3Y-13.13%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.98%
Revenue growth 3Y9.57%
Revenue growth 5Y14.71%
Sales Q2Q%-2.54%
Revenue Next Year-2.05%
Revenue Next 2Y-0.66%
Revenue Next 3Y0.72%
Revenue Next 5Y3.19%
EBIT growth 1Y-9.67%
EBIT growth 3Y10.84%
EBIT growth 5Y18.56%
EBIT Next Year43.56%
EBIT Next 3Y14.24%
EBIT Next 5Y11.81%
FCF growth 1Y-31.1%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-21.67%
OCF growth 3Y3.09%
OCF growth 5Y13.05%
NATIONAL STORAGE AFFILIATES / NSA 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 2 / 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 54.75 and the Price/Book (PB) ratio is 2.64.
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 413.84%.