NATIONAL STORAGE AFFILIATES (NSA) Stock Fundamental Analysis
USA - NYSE:NSA - US6378701063 - REIT
30.03 USD
-0.67 (-2.18%)
Taking everything into account, NSA scores 3 out of 10 in our fundamental rating. NSA was compared to 30 industry peers in the Specialized REITs industry. While NSA is still in line with the averages on profitability rating, there are concerns on its financial health. NSA is valued expensive and it does not seem to be growing. NSA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year NSA was profitable.
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.
1.2 Ratios
NSA's Return On Assets of 0.91% is on the low side compared to the rest of the industry. NSA is outperformed by 63.33% of its industry peers.
NSA has a Return On Equity (4.73%) which is comparable to the rest of the industry.
NSA has a Return On Invested Capital of 4.46%. This is comparable to the rest of the industry: NSA outperforms 53.33% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NSA is in line with the industry average of 4.81%.
The last Return On Invested Capital (4.46%) for NSA is above the 3 year average (4.30%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.91% | ||
| ROE | 4.73% | ||
| ROIC | 4.46% |
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 has a Profit Margin of 6.23%. This is comparable to the rest of the industry: NSA outperforms 46.67% of its industry peers.
NSA's Profit Margin has declined in the last couple of years.
The Operating Margin of NSA (37.59%) is comparable to the rest of the industry.
NSA's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.59% | ||
| 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.
The number of shares outstanding for NSA has been reduced compared to 1 year ago.
NSA has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, NSA has a worse debt to assets ratio.
2.2 Solvency
NSA has an Altman-Z score of 0.49. This is a bad value and indicates that NSA is not financially healthy and even has some risk of bankruptcy.
NSA has a worse Altman-Z score (0.49) than 76.67% of its industry peers.
The Debt to FCF ratio of NSA is 14.66, which is on the high side as it means it would take NSA, 14.66 years of fcf income to pay off all of its debts.
NSA has a Debt to FCF ratio (14.66) which is in line with its industry peers.
A Debt/Equity ratio of 3.40 is on the high side and indicates that NSA has dependencies on debt financing.
With a Debt to Equity ratio value of 3.40, NSA is not doing good in the industry: 70.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.4 | ||
| Debt/FCF | 14.66 | ||
| Altman-Z | 0.49 |
ROIC/WACC0.65
WACC6.85%
2.3 Liquidity
NSA has a Current Ratio of 0.47. This is a bad value and indicates that NSA is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of NSA (0.47) is worse than 66.67% of its industry peers.
NSA has a Quick Ratio of 0.47. 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 Quick ratio value of 0.47, NSA is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.47 | ||
| Quick Ratio | 0.47 |
3. Growth
3.1 Past
NSA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -40.94%.
The Earnings Per Share has been growing slightly by 6.27% on average over the past years.
NSA shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -10.22%.
The Revenue has been growing by 14.71% on average over the past years. This is quite good.
EPS 1Y (TTM)-40.94%
EPS 3Y6.27%
EPS 5YN/A
EPS Q2Q%216.67%
Revenue 1Y (TTM)-10.22%
Revenue growth 3Y9.57%
Revenue growth 5Y14.71%
Sales Q2Q%-2.54%
3.2 Future
Based on estimates for the next years, NSA will show a very negative growth in Earnings Per Share. The EPS will decrease by -13.13% on average per year.
NSA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.10% yearly.
EPS Next Y-44.01%
EPS Next 2Y-24.58%
EPS Next 3Y-13.13%
EPS Next 5YN/A
Revenue Next Year-2.58%
Revenue Next 2Y-0.54%
Revenue Next 3Y1.29%
Revenue Next 5Y3.1%
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
With a Price/Earnings ratio of 29.73, NSA can be considered very expensive at the moment.
NSA's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 26.13. NSA is around the same levels.
With a Price/Forward Earnings ratio of 46.31, NSA can be considered very expensive at the moment.
The rest of the industry has a similar Price/Forward Earnings ratio as NSA.
NSA's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.73 | ||
| Fwd PE | 46.31 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NSA is valued cheaper than 93.33% 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 | 9.94 | ||
| EV/EBITDA | 12.01 |
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 7.43%, NSA is a good candidate for dividend investing.
NSA's Dividend Yield is rather good when compared to the industry average which is at 5.97. NSA pays more dividend than 83.33% of the companies in the same industry.
NSA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.43% |
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.
NSA has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)10.15%
Div Incr Years9
Div Non Decr Years9
5.3 Sustainability
408.83% of the earnings are spent on dividend by NSA. This is not a sustainable payout ratio.
The Dividend Rate of NSA has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP408.83%
EPS Next 2Y-24.58%
EPS Next 3Y-13.13%
NYSE:NSA (11/6/2025, 1:55:49 PM)
30.03
-0.67 (-2.18%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.18%
Inst Owner Change-0.44%
Ins Owners8.02%
Ins Owner Change0%
Market Cap2.31B
Revenue(TTM)770.34M
Net Income(TTM)47.39M
Analysts51.82
Price Target34.78 (15.82%)
Short Float %8.69%
Short Ratio5.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.43% |
Yearly Dividend2.42
Dividend Growth(5Y)10.15%
DP408.83%
Div Incr Years9
Div Non Decr Years9
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-26.2%
Min EPS beat(2)-43.42%
Max EPS beat(2)-8.98%
EPS beat(4)1
Avg EPS beat(4)-13.95%
Min EPS beat(4)-43.42%
Max EPS beat(4)11.39%
EPS beat(8)4
Avg EPS beat(8)28.58%
EPS beat(12)4
Avg EPS beat(12)14.56%
EPS beat(16)4
Avg EPS beat(16)2.75%
Revenue beat(2)1
Avg Revenue beat(2)-2.4%
Min Revenue beat(2)-8.32%
Max Revenue beat(2)3.53%
Revenue beat(4)3
Avg Revenue beat(4)-0.23%
Min Revenue beat(4)-8.32%
Max Revenue beat(4)3.53%
Revenue beat(8)7
Avg Revenue beat(8)0.92%
Revenue beat(12)11
Avg Revenue beat(12)1.61%
Revenue beat(16)15
Avg Revenue beat(16)2.08%
PT rev (1m)-2.11%
PT rev (3m)-9.63%
EPS NQ rev (1m)-11.11%
EPS NQ rev (3m)-22.35%
EPS NY rev (1m)-13.9%
EPS NY rev (3m)-19.66%
Revenue NQ rev (1m)-0.25%
Revenue NQ rev (3m)-1.7%
Revenue NY rev (1m)-0.14%
Revenue NY rev (3m)-0.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.73 | ||
| Fwd PE | 46.31 | ||
| P/S | 3.03 | ||
| P/FCF | 9.94 | ||
| P/OCF | 6.56 | ||
| P/B | 2.3 | ||
| P/tB | 2.71 | ||
| EV/EBITDA | 12.01 |
EPS(TTM)1.01
EY3.36%
EPS(NY)0.65
Fwd EY2.16%
FCF(TTM)3.02
FCFY10.07%
OCF(TTM)4.58
OCFY15.24%
SpS9.91
BVpS13.05
TBVpS11.09
PEG (NY)N/A
PEG (5Y)N/A
Graham Number17.22
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.91% | ||
| ROE | 4.73% | ||
| ROCE | 5.65% | ||
| ROIC | 4.46% | ||
| ROICexc | 4.48% | ||
| ROICexgc | 4.63% | ||
| OM | 37.59% | ||
| PM (TTM) | 6.23% | ||
| GM | N/A | ||
| FCFM | 30.49% |
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 | 3.4 | ||
| Debt/FCF | 14.66 | ||
| Debt/EBITDA | 7.12 | ||
| Cap/Depr | 62.29% | ||
| Cap/Sales | 15.68% | ||
| Interest Coverage | 1.92 | ||
| Cash Conversion | 73.57% | ||
| Profit Quality | 489.63% | ||
| Current Ratio | 0.47 | ||
| Quick Ratio | 0.47 | ||
| Altman-Z | 0.49 |
F-Score3
WACC6.85%
ROIC/WACC0.65
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)-40.94%
EPS 3Y6.27%
EPS 5YN/A
EPS Q2Q%216.67%
EPS Next Y-44.01%
EPS Next 2Y-24.58%
EPS Next 3Y-13.13%
EPS Next 5YN/A
Revenue 1Y (TTM)-10.22%
Revenue growth 3Y9.57%
Revenue growth 5Y14.71%
Sales Q2Q%-2.54%
Revenue Next Year-2.58%
Revenue Next 2Y-0.54%
Revenue Next 3Y1.29%
Revenue Next 5Y3.1%
EBIT growth 1Y-10.47%
EBIT growth 3Y10.84%
EBIT growth 5Y18.56%
EBIT Next Year45.21%
EBIT Next 3Y15.75%
EBIT Next 5Y12.23%
FCF growth 1Y329.4%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-19.23%
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.
Can you provide the valuation status for NATIONAL STORAGE AFFILIATES?
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.
Can you provide the expected EPS growth for NSA stock?
The Earnings per Share (EPS) of NATIONAL STORAGE AFFILIATES (NSA) is expected to decline by -44.01% in the next year.
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 408.83%.