NATIONAL STORAGE AFFILIATES (NSA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NSA - US6378701063 - REIT
31.8 USD
-0.23 (-0.72%)
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 has a expensive valuation and it also scores bad on growth. 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.
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
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.
The Return On Equity of NSA (4.84%) is comparable to the rest of the industry.
With a Return On Invested Capital value of 4.42%, NSA perfoms like the industry average, outperforming 53.33% of the companies in the same industry.
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 4.86%.
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
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.
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
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.
The number of shares outstanding for NSA has been increased compared to 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 0.49, we must say that NSA is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of NSA (0.49) is worse than 73.33% 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.
With a Debt to FCF ratio value of 13.50, NSA perfoms like the industry average, outperforming 56.67% of the companies in the same industry.
A Debt/Equity ratio of 3.50 is on the high side and indicates that NSA has dependencies on debt financing.
With a Debt to Equity ratio value of 3.50, 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 | 3.5 | ||
| Debt/FCF | 13.5 | ||
| Altman-Z | 0.49 |
ROIC/WACC0.62
WACC7.09%
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 has a Current ratio of 0.40. This is in the lower half of the industry: NSA underperforms 70.00% of its industry peers.
A Quick Ratio of 0.40 indicates that NSA may have some problems paying its short term obligations.
The Quick ratio of NSA (0.40) is worse than 70.00% 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.
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.
Looking at the last year, NSA shows a decrease in Revenue. The Revenue has decreased by -4.98% in the last 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
The Earnings Per Share is expected to decrease by -13.13% on average over the next years. This is quite bad
The Revenue is expected to grow by 3.19% on average over the next years.
EPS Next Y-44.01%
EPS Next 2Y-24.58%
EPS Next 3Y-13.13%
EPS Next 5YN/A
Revenue Next Year-2.73%
Revenue Next 2Y-0.83%
Revenue Next 3Y0.78%
Revenue Next 5Y3.19%
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
The Price/Earnings ratio is 52.13, which means the current valuation is very expensive for NSA.
NSA's Price/Earnings ratio is a bit more expensive when compared to the industry. NSA is more expensive than 60.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.25, NSA is valued quite expensively.
Based on the Price/Forward Earnings ratio of 49.04, the valuation of NSA can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NSA indicates a slightly more expensive valuation: NSA is more expensive than 60.00% of the companies listed in the same industry.
NSA's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.98.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.13 | ||
| Fwd PE | 49.04 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NSA is valued cheaply inside the industry as 93.33% of the companies are valued more expensively.
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 | 9.7 | ||
| EV/EBITDA | 12.4 |
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 7.53%, NSA is a good candidate for dividend investing.
NSA's Dividend Yield is rather good when compared to the industry average which is at 5.69. NSA pays more dividend than 93.33% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.92, NSA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.53% |
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%
NYSE:NSA (1/13/2026, 3:48:05 PM)
31.8
-0.23 (-0.72%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners100.26%
Inst Owner Change0.02%
Ins Owners8%
Ins Owner Change0%
Market Cap2.45B
Revenue(TTM)756.02M
Net Income(TTM)47.11M
Analysts52.73
Price Target33.69 (5.94%)
Short Float %10.34%
Short Ratio6.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.53% |
Yearly Dividend2.42
Dividend Growth(5Y)10.15%
DP413.84%
Div Incr Years9
Div Non Decr Years9
Ex-DateN/A
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)-1.2%
PT rev (3m)-3.88%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.14%
EPS NY rev (1m)0%
EPS NY rev (3m)-13.9%
Revenue NQ rev (1m)1%
Revenue NQ rev (3m)1.06%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)0.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.13 | ||
| Fwd PE | 49.04 | ||
| P/S | 3.24 | ||
| P/FCF | 9.7 | ||
| P/OCF | 7.08 | ||
| P/B | 2.51 | ||
| P/tB | 2.97 | ||
| EV/EBITDA | 12.4 |
EPS(TTM)0.61
EY1.92%
EPS(NY)0.65
Fwd EY2.04%
FCF(TTM)3.28
FCFY10.3%
OCF(TTM)4.49
OCFY14.13%
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 | 0.49 |
F-Score3
WACC7.09%
ROIC/WACC0.62
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-2.73%
Revenue Next 2Y-0.83%
Revenue Next 3Y0.78%
Revenue Next 5Y3.19%
EBIT growth 1Y-9.67%
EBIT growth 3Y10.84%
EBIT growth 5Y18.56%
EBIT Next Year43.56%
EBIT Next 3Y14.24%
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.
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.
What is the profitability of NSA stock?
NATIONAL STORAGE AFFILIATES (NSA) has a profitability rating of 4 / 10.
What are the PE and PB ratios of NATIONAL STORAGE AFFILIATES (NSA) stock?
The Price/Earnings (PE) ratio for NATIONAL STORAGE AFFILIATES (NSA) is 52.13 and the Price/Book (PB) ratio is 2.51.
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%.