NATIONAL STORAGE AFFILIATES (NSA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NSA - US6378701063 - REIT
31.805 USD
+0.29 (+0.9%)
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. NSA has a medium profitability rating, but doesn't score so well on its financial health evaluation. NSA is valued expensive and it does not seem to be growing. Finally NSA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- NSA had positive earnings in the past year.
- NSA had a positive operating cash flow in the past year.
- NSA had positive earnings in each of the past 5 years.
- NSA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- NSA has a Return On Assets of 0.92%. This is in the lower half of the industry: NSA underperforms 63.33% of its industry peers.
- The Return On Equity of NSA (4.84%) is comparable to the rest of the industry.
- Looking at the Return On Invested Capital, with a value of 4.42%, NSA is in line with its industry, outperforming 53.33% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for NSA 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.
- 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.
- 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.
- NSA has a worse debt/assets ratio than last year.
2.2 Solvency
- NSA has an Altman-Z score of 0.49. 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 0.49 is on the low side compared to the rest of the industry. NSA is outperformed by 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.
- 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.
- NSA has a Debt/Equity ratio of 3.50. This is a high value indicating a heavy dependency on external 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
WACC7.11%
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 70.00% of its industry peers.
- 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: 70.00% 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
- The earnings per share for NSA have decreased strongly by -64.33% in the last year.
- 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%.
- 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 -15.13% 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-40.64%
EPS Next 2Y-24.46%
EPS Next 3Y-15.13%
EPS Next 5YN/A
Revenue Next Year-1.94%
Revenue Next 2Y-0.66%
Revenue Next 3Y0.69%
Revenue Next 5Y3.19%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- 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 52.14, which means the current valuation is very expensive for NSA.
- 60.00% of the companies in the same industry are cheaper than NSA, based on the Price/Earnings ratio.
- When comparing the Price/Earnings ratio of NSA to the average of the S&P500 Index (28.60), we can say NSA is valued expensively.
- Based on the Price/Forward Earnings ratio of 48.90, the valuation of NSA can be described as expensive.
- NSA's Price/Forward Earnings ratio is in line with the industry average.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.83, NSA is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.14 | ||
| Fwd PE | 48.9 |
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 93.33% of the companies listed in the same industry.
- 100.00% of the companies in the same industry are more expensive than NSA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.71 | ||
| EV/EBITDA | 12.31 |
4.3 Compensation for Growth
- A cheap valuation may be justified as NSA's earnings are expected to decrease with -15.13% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-24.46%
EPS Next 3Y-15.13%
5. Dividend
5.1 Amount
- NSA has a Yearly Dividend Yield of 6.84%, which is a nice return.
- NSA's Dividend Yield is rather good when compared to the industry average which is at 5.51. NSA pays more dividend than 90.00% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, NSA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.84% |
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.
- 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-24.46%
EPS Next 3Y-15.13%
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 52.14 and the Price/Book (PB) ratio is 2.52.
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%.