NATIONAL STORAGE AFFILIATES (NSA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NSA - US6378701063 - REIT
29.21 USD
-0.32 (-1.08%)
29.21 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. Finally 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.
In the past 5 years NSA has always been profitable.
NSA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 0.92%, NSA is not doing good in the industry: 63.33% of the companies in the same industry are doing better.
NSA has a Return On Equity of 4.84%. This is comparable to the rest of the industry: NSA outperforms 53.33% of its industry peers.
NSA has a Return On Invested Capital of 4.42%. 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 4.78%.
The last Return On Invested Capital (4.42%) for NSA is above the 3 year average (4.30%), which is a sign of increasing profitability.
| 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.
NSA's Profit Margin has declined in the last couple of years.
The Operating Margin of NSA (37.10%) 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NSA is destroying value.
NSA has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, NSA has more shares outstanding
NSA has a worse debt/assets ratio than last year.
2.2 Solvency
NSA has an Altman-Z score of 0.46. This is a bad value and indicates that NSA is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.46, NSA is not doing good in the industry: 80.00% 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.
NSA has a Debt to FCF ratio of 13.50. This is comparable to the rest of the industry: NSA outperforms 56.67% of its industry peers.
A Debt/Equity ratio of 3.50 is on the high side and indicates that NSA has dependencies on debt 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/WACC0.64
WACC6.89%
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.
A Quick Ratio of 0.40 indicates that NSA may have some problems paying 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 73.33% 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%.
The Earnings Per Share has been growing slightly by 6.27% on average over the past years.
NSA shows a decrease in Revenue. In the last year, the revenue decreased by -4.98%.
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
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.
Based on estimates for the next years, NSA will show a small growth in Revenue. The Revenue will grow by 3.10% on average per year.
EPS Next Y-44.01%
EPS Next 2Y-24.58%
EPS Next 3Y-13.13%
EPS Next 5YN/A
Revenue Next Year-2.72%
Revenue Next 2Y-0.74%
Revenue Next 3Y0.91%
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
Based on the Price/Earnings ratio of 47.89, the valuation of NSA can be described as expensive.
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 (26.28), we can say NSA is valued expensively.
The Price/Forward Earnings ratio is 45.05, which means the current valuation is very expensive for NSA.
NSA's Price/Forward Earnings is on the same level as the industry average.
NSA's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.52.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.89 | ||
| Fwd PE | 45.05 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NSA indicates a rather cheap valuation: NSA is cheaper than 100.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.91 | ||
| EV/EBITDA | 11.94 |
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
NSA has a Yearly Dividend Yield of 7.70%, which is a nice return.
NSA's Dividend Yield is rather good when compared to the industry average which is at 6.05. NSA pays more dividend than 96.67% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.31, NSA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.7% |
5.2 History
The dividend of NSA is nicely growing with an annual growth rate of 10.15%!
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%
29.21
-0.32 (-1.08%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners100.48%
Inst Owner Change8.06%
Ins Owners8%
Ins Owner Change0%
Market Cap2.25B
Revenue(TTM)756.02M
Net Income(TTM)47.11M
Analysts51.82
Price Target34.1 (16.74%)
Short Float %8.21%
Short Ratio4.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.7% |
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)-1.96%
PT rev (3m)-4.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-20.18%
EPS NY rev (1m)0%
EPS NY rev (3m)-39.13%
Revenue NQ rev (1m)-0.22%
Revenue NQ rev (3m)-0.09%
Revenue NY rev (1m)-0.14%
Revenue NY rev (3m)0.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.89 | ||
| Fwd PE | 45.05 | ||
| P/S | 2.97 | ||
| P/FCF | 8.91 | ||
| P/OCF | 6.5 | ||
| P/B | 2.31 | ||
| P/tB | 2.73 | ||
| EV/EBITDA | 11.94 |
EPS(TTM)0.61
EY2.09%
EPS(NY)0.65
Fwd EY2.22%
FCF(TTM)3.28
FCFY11.22%
OCF(TTM)4.49
OCFY15.38%
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 | 0.46 |
F-Score3
WACC6.89%
ROIC/WACC0.64
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-2.72%
Revenue Next 2Y-0.74%
Revenue Next 3Y0.91%
Revenue Next 5Y3.1%
EBIT growth 1Y-9.67%
EBIT growth 3Y10.84%
EBIT growth 5Y18.56%
EBIT Next Year43.76%
EBIT Next 3Y14.35%
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.
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%.