NATIONAL STORAGE AFFILIATES (NSA) Fundamental Analysis & Valuation

NYSE:NSA • US6378701063

Current stock price

42.89 USD
-0.44 (-1.02%)
At close:
42.9401 USD
+0.05 (+0.12%)
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

  • In the past year NSA was profitable.
  • NSA had a positive operating cash flow in the past year.
  • Each year in the past 5 years NSA has been profitable.
  • NSA had a positive operating cash flow in each of the past 5 years.
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.
  • NSA has a Return On Invested Capital (4.44%) 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 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

  • NSA has a worse Profit Margin (7.07%) than 64.29% of its industry peers.
  • In the last couple of years the Profit Margin of NSA has declined.
  • Looking at the Operating Margin, with a value of 37.01%, NSA is in line with its industry, outperforming 57.14% of the companies in the same industry.
  • In the last couple of years the Operating Margin of NSA has grown nicely.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. NSA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NSA is destroying value.
  • The number of shares outstanding for NSA has been increased compared to 1 year ago.
  • Compared to 5 years ago, NSA has more shares outstanding
  • The debt/assets ratio for NSA is higher compared to a year ago.
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 0.62. This is a bad value and indicates that NSA is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of NSA (0.62) is worse than 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's Debt to FCF ratio of 12.36 is fine compared to the rest of the industry. NSA outperforms 71.43% of its industry peers.
  • A Debt/Equity ratio of 3.60 is on the high side and indicates that NSA has dependencies on debt 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 0.62
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

  • A Current Ratio of 0.46 indicates that NSA may have some problems paying its short term obligations.
  • NSA's Current ratio of 0.46 is on the low side compared to the rest of the industry. NSA is outperformed by 64.29% of its industry peers.
  • A Quick Ratio of 0.46 indicates that NSA may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.46, NSA is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.46
Quick Ratio 0.46
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

  • The earnings per share for NSA have decreased strongly by -39.47% in the last year.
  • The Earnings Per Share has been growing slightly by 7.09% on average over the past years.
  • NSA shows a decrease in Revenue. In the last year, the revenue decreased by -2.26%.
  • 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

  • The Earnings Per Share is expected to grow by 0.57% on average over the next years.
  • The Revenue is expected to grow by 4.12% on average over the next years.
EPS Next Y11.98%
EPS Next 2Y6.51%
EPS Next 3Y0.57%
EPS Next 5YN/A
Revenue Next Year-0.68%
Revenue Next 2Y0.84%
Revenue Next 3Y1.92%
Revenue Next 5Y4.12%

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 2031 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

  • A Price/Earnings ratio of 62.16 indicates a quite expensive valuation of NSA.
  • 64.29% of the companies in the same industry are cheaper than NSA, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of NSA to the average of the S&P500 Index (27.35), we can say NSA is valued expensively.
  • A Price/Forward Earnings ratio of 55.51 indicates a quite expensive valuation of NSA.
  • NSA's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 22.23. NSA is valued rather expensively when compared to this.
Industry RankSector Rank
PE 62.16
Fwd PE 55.51
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

  • Based on the Enterprise Value to EBITDA ratio, NSA is valued cheaply inside the industry as 89.29% of the companies are valued more expensively.
  • NSA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. NSA is cheaper than 96.43% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.01
EV/EBITDA 14.37
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)5.19
PEG (5Y)8.77
EPS Next 2Y6.51%
EPS Next 3Y0.57%

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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 5.23%, NSA is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 4.25, NSA pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, NSA pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.23%

5.2 History

  • The dividend of NSA is nicely growing with an annual growth rate of 10.06%!
  • NSA has been paying a dividend for at least 10 years, so it has a reliable track record.
  • NSA has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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

  • NSA pays out 366.83% of its income as dividend. 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 (4/27/2026, 8:07:43 PM)

After market: 42.9401 +0.05 (+0.12%)

42.89

-0.44 (-1.02%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)02-25
Earnings (Next)05-05
Inst Owners102.97%
Inst Owner Change-1.18%
Ins Owners7.77%
Ins Owner Change0%
Market Cap3.31B
Revenue(TTM)752.93M
Net Income(TTM)53.26M
Analysts67.06
Price Target36.85 (-14.08%)
Short Float %5.93%
Short Ratio2.05
Dividend
Industry RankSector Rank
Dividend Yield 5.23%
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)9.8%
EPS NQ rev (1m)3.28%
EPS NQ rev (3m)-3.57%
EPS NY rev (1m)14.86%
EPS NY rev (3m)18.79%
Revenue NQ rev (1m)-1.2%
Revenue NQ rev (3m)-0.76%
Revenue NY rev (1m)-0.53%
Revenue NY rev (3m)-1.09%
Valuation
Industry RankSector Rank
PE 62.16
Fwd PE 55.51
P/S 4.39
P/FCF 12.01
P/OCF 9.77
P/B 3.5
P/tB 4.14
EV/EBITDA 14.37
EPS(TTM)0.69
EY1.61%
EPS(NY)0.77
Fwd EY1.8%
FCF(TTM)3.57
FCFY8.33%
OCF(TTM)4.39
OCFY10.23%
SpS9.76
BVpS12.26
TBVpS10.37
PEG (NY)5.19
PEG (5Y)8.77
Graham Number13.7984 (-67.83%)
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 0.46
Quick Ratio 0.46
Altman-Z 0.62
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-0.68%
Revenue Next 2Y0.84%
Revenue Next 3Y1.92%
Revenue Next 5Y4.12%
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%.