NATIONAL STORAGE AFFILIATES (NSA) Stock Fundamental Analysis
USA - NYSE:NSA - US6378701063 - REIT
29.4 USD
+0.14 (+0.48%)
29.4 USD
0 (0%)
Taking everything into account, NSA scores 3 out of 10 in our fundamental rating. 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.
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.
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 (4.84%) which is in line with 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.
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.
NSA's Profit Margin has declined in the last couple of years.
NSA has a Operating Margin (37.10%) which 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
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.
The debt/assets ratio for NSA is higher compared to a year ago.
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.
NSA's Altman-Z score of 0.46 is on the low side compared to the rest of the industry. NSA is outperformed by 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.
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: 73.33% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.5 | ||
| Debt/FCF | 13.5 | ||
| Altman-Z | 0.46 |
ROIC/WACC0.65
WACC6.83%
2.3 Liquidity
A Current Ratio of 0.40 indicates that NSA may have some problems paying its short term obligations.
NSA has a Current ratio of 0.40. This is in the lower half of the industry: NSA underperforms 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
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.
Looking at the last year, NSA shows a decrease in Revenue. The Revenue has decreased by -4.98% in the last year.
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
The Earnings Per Share is expected to decrease by -13.13% on average over the next years. This is quite bad
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-2.58%
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
The Price/Earnings ratio is 48.20, which means the current valuation is very expensive for NSA.
Based on the Price/Earnings ratio, NSA is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 25.89. NSA is valued rather expensively when compared to this.
Based on the Price/Forward Earnings ratio of 45.34, the valuation of NSA can be described as expensive.
NSA's Price/Forward Earnings ratio is in line with the industry average.
NSA's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 34.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.2 | ||
| Fwd PE | 45.34 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NSA indicates a rather cheap valuation: NSA is cheaper than 96.67% of the companies listed 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 | 8.95 | ||
| EV/EBITDA | 11.96 |
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 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.
NSA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| 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.
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
413.84% of the earnings are spent on dividend by NSA. 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%
29.4
+0.14 (+0.48%)
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 Cap2.26B
Revenue(TTM)756.02M
Net Income(TTM)47.11M
Analysts51.82
Price Target34.78 (18.3%)
Short Float %8.69%
Short Ratio5.58
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 | 48.2 | ||
| Fwd PE | 45.34 | ||
| P/S | 2.99 | ||
| P/FCF | 8.95 | ||
| P/OCF | 6.53 | ||
| P/B | 2.32 | ||
| P/tB | 2.74 | ||
| EV/EBITDA | 11.96 |
EPS(TTM)0.61
EY2.07%
EPS(NY)0.65
Fwd EY2.21%
FCF(TTM)3.28
FCFY11.17%
OCF(TTM)4.5
OCFY15.32%
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
WACC6.83%
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%.