NATIONAL STORAGE AFFILIATES (NSA) Stock Fundamental Analysis
USA - NYSE:NSA - US6378701063 - REIT
29.26 USD
-0.1 (-0.34%)
29.26 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 does not seem to be growing, but still is valued expensively. NSA also has an excellent dividend rating.
1. Profitability
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.
Each year in the past 5 years NSA had a positive operating cash flow.
1.2 Ratios
The Return On Assets of NSA (0.92%) is worse than 63.33% of its industry peers.
NSA has a Return On Equity of 4.84%. This is comparable to the rest of the industry: NSA outperforms 50.00% of its industry peers.
The Return On Invested Capital of NSA (4.42%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for NSA is in line with the industry average of 4.78%.
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
The Profit Margin of NSA (6.23%) is comparable to the rest of the industry.
NSA's Profit Margin has declined in the last couple of years.
NSA has a Operating Margin of 37.10%. This is comparable to the rest of the industry: NSA outperforms 60.00% of its industry peers.
NSA's Operating Margin has improved in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NSA is destroying value.
NSA has less shares outstanding than it did 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
Based on the Altman-Z score of 0.46, we must say that NSA is in the distress zone and has some risk of bankruptcy.
NSA has a Altman-Z score of 0.46. This is in the lower half of the industry: NSA underperforms 76.67% of its industry peers.
NSA has a debt to FCF ratio of 13.50. This is a negative value and a sign of low solvency as NSA would need 13.50 years to pay back of all of its debts.
NSA has a Debt to FCF ratio (13.50) which is in line with its industry peers.
NSA has a Debt/Equity ratio of 3.50. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 3.50, NSA is doing worse than 73.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.5 | ||
| Debt/FCF | 13.5 | ||
| Altman-Z | 0.46 |
ROIC/WACC0.65
WACC6.85%
2.3 Liquidity
A Current Ratio of 0.40 indicates that NSA may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.40, NSA is doing worse than 73.33% of the companies in the same industry.
A Quick Ratio of 0.40 indicates that NSA may have some problems paying its short term obligations.
With a Quick ratio value of 0.40, NSA is not doing good in the industry: 73.33% of the companies in the same industry are doing better.
| 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.
NSA shows a decrease in Revenue. In the last year, the revenue decreased by -4.98%.
NSA shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.71% yearly.
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
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 47.97, NSA can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as NSA.
NSA is valuated expensively when we compare the Price/Earnings ratio to 26.34, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 45.13 indicates a quite expensive valuation of NSA.
NSA's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of NSA to the average of the S&P500 Index (34.43), we can say NSA is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.97 | ||
| Fwd PE | 45.13 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NSA is valued cheaply inside the industry as 96.67% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, NSA is valued cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.91 | ||
| EV/EBITDA | 11.95 |
4.3 Compensation for Growth
A cheap valuation may be justified as NSA's earnings are expected to decrease with -13.13% in the coming years.
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 7.59%, NSA is a good candidate for dividend investing.
NSA's Dividend Yield is rather good when compared to the industry average which is at 6.22. NSA pays more dividend than 96.67% of the companies in the same industry.
NSA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.59% |
5.2 History
On average, the dividend of NSA grows each year by 10.15%, 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)10.15%
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%
29.26
-0.1 (-0.34%)
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 Change1.73%
Ins Owners8.02%
Ins Owner Change0%
Market Cap2.25B
Revenue(TTM)756.02M
Net Income(TTM)47.11M
Analysts51.82
Price Target34.78 (18.87%)
Short Float %8.69%
Short Ratio5.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.59% |
Yearly Dividend2.42
Dividend Growth(5Y)10.15%
DP413.84%
Div Incr Years9
Div Non Decr Years9
Ex-Date
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)-0.78%
PT rev (3m)-8.09%
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)0.92%
Revenue NQ rev (3m)-0.55%
Revenue NY rev (1m)0.7%
Revenue NY rev (3m)-0.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.97 | ||
| Fwd PE | 45.13 | ||
| P/S | 2.97 | ||
| P/FCF | 8.91 | ||
| P/OCF | 6.5 | ||
| P/B | 2.31 | ||
| P/tB | 2.72 | ||
| EV/EBITDA | 11.95 |
EPS(TTM)0.61
EY2.08%
EPS(NY)0.65
Fwd EY2.22%
FCF(TTM)3.28
FCFY11.23%
OCF(TTM)4.5
OCFY15.4%
SpS9.85
BVpS12.68
TBVpS10.74
PEG (NY)N/A
PEG (5Y)N/A
Graham Number13.19
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 | 0.46 |
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)-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-2.58%
Revenue Next 2Y-0.54%
Revenue Next 3Y1.29%
Revenue Next 5Y3.1%
EBIT growth 1Y-9.67%
EBIT growth 3Y10.84%
EBIT growth 5Y18.56%
EBIT Next Year45.21%
EBIT Next 3Y15.75%
EBIT Next 5Y12.23%
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.
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 413.84%.