NATIONAL STORAGE AFFILIATES (NSA) Stock Fundamental Analysis
USA - NYSE:NSA - US6378701063 - REIT
28.29 USD
-0.33 (-1.15%)
28.29 USD
0 (0%)
NSA gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 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 does not seem to be growing, but still is valued expensively.
1. Profitability
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.
In the past 5 years NSA always reported a positive cash flow from operatings.
1.2 Ratios
NSA's Return On Assets of 0.92% is on the low side compared to the rest of the industry. NSA is outperformed by 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 50.00% of the companies in the same industry.
NSA's Return On Invested Capital of 4.42% is in line compared to the rest of the industry. NSA outperforms 53.33% of its industry peers.
NSA had an Average Return On Invested Capital over the past 3 years of 4.30%. This is in line with the industry average of 4.77%.
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
Looking at the Profit Margin, with a value of 6.23%, NSA is in line with its industry, outperforming 46.67% of the companies in the same industry.
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.
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
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 reduced compared to 1 year ago.
NSA has more shares outstanding than it did 5 years ago.
NSA has a worse debt/assets ratio than last year.
2.2 Solvency
NSA has an Altman-Z score of 0.45. This is a bad value and indicates that NSA is not financially healthy and even has some risk of bankruptcy.
NSA has a Altman-Z score of 0.45. This is in the lower half of the industry: NSA underperforms 76.67% of its industry peers.
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.
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.
NSA has a Debt to Equity ratio of 3.50. This is in the lower half of the industry: NSA underperforms 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.5 | ||
| Debt/FCF | 13.5 | ||
| Altman-Z | 0.45 |
ROIC/WACC0.65
WACC6.79%
2.3 Liquidity
NSA has a Current 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 Current ratio of 0.40 is on the low side compared to the rest of the industry. NSA is outperformed by 73.33% 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 has a worse Quick ratio (0.40) than 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.4 | ||
| Quick Ratio | 0.4 |
3. Growth
3.1 Past
The earnings per share for NSA have decreased strongly by -64.33% in the last year.
NSA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.27% yearly.
The Revenue has decreased by -4.98% in the past year.
Measured over the past years, NSA shows a quite strong growth in Revenue. The Revenue has been growing by 14.71% on average per year.
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 46.38, NSA can be considered very expensive at the moment.
Based on the Price/Earnings ratio, NSA is valued a bit more expensive than 60.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of NSA to the average of the S&P500 Index (25.07), we can say NSA is valued expensively.
NSA is valuated quite expensively with a Price/Forward Earnings ratio of 43.63.
NSA's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 34.08. NSA is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.38 | ||
| Fwd PE | 43.63 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NSA is valued 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 | 8.61 | ||
| EV/EBITDA | 11.83 |
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 6.86%, NSA is a good candidate for dividend investing.
NSA's Dividend Yield is a higher than the industry average which is at 6.26.
Compared to an average S&P500 Dividend Yield of 2.44, NSA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.86% |
5.2 History
The dividend of NSA is nicely growing with an annual growth rate of 10.15%!
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.
The Dividend Rate of NSA has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP413.84%
EPS Next 2Y-24.58%
EPS Next 3Y-13.13%
28.29
-0.33 (-1.15%)
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 Change7.66%
Ins Owners8.02%
Ins Owner Change0%
Market Cap2.17B
Revenue(TTM)756.02M
Net Income(TTM)47.11M
Analysts51.82
Price Target34.78 (22.94%)
Short Float %8.49%
Short Ratio4.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.86% |
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)-7.14%
EPS NQ rev (3m)-17.27%
EPS NY rev (1m)-13.9%
EPS NY rev (3m)-19.66%
Revenue NQ rev (1m)0.24%
Revenue NQ rev (3m)-0.3%
Revenue NY rev (1m)0.7%
Revenue NY rev (3m)-0.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.38 | ||
| Fwd PE | 43.63 | ||
| P/S | 2.87 | ||
| P/FCF | 8.61 | ||
| P/OCF | 6.28 | ||
| P/B | 2.23 | ||
| P/tB | 2.63 | ||
| EV/EBITDA | 11.83 |
EPS(TTM)0.61
EY2.16%
EPS(NY)0.65
Fwd EY2.29%
FCF(TTM)3.28
FCFY11.61%
OCF(TTM)4.5
OCFY15.92%
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 | 0.45 |
F-Score3
WACC6.79%
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 6 / 10 and the dividend payout ratio is 413.84%.