NATIONAL STORAGE AFFILIATES (NSA) Fundamental Analysis & Valuation

NYSE:NSA • US6378701063

Current stock price

43.33 USD
-0.28 (-0.64%)
At close:
43.33 USD
0 (0%)
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This NSA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. NSA Profitability Analysis

1.1 Basic Checks

  • NSA had positive earnings in the past year.
  • In the past year NSA had a positive cash flow from operations.
  • In the past 5 years NSA has always been profitable.
  • Each year in the past 5 years NSA had a positive operating cash flow.
NSA Yearly Net Income VS EBIT VS OCF VS FCFNSA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -500M -1B -1.5B

1.2 Ratios

  • NSA has a worse Return On Assets (1.05%) than 67.86% of its industry peers.
  • NSA has a Return On Equity (5.63%) which is in line with its industry peers.
  • NSA has a Return On Invested Capital of 4.44%. This is comparable to the rest of the industry: NSA outperforms 53.57% 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 5.10%.
Industry RankSector Rank
ROA 1.05%
ROE 5.63%
ROIC 4.44%
ROA(3y)1.69%
ROA(5y)1.64%
ROE(3y)7.92%
ROE(5y)6.89%
ROIC(3y)4.5%
ROIC(5y)4.09%
NSA Yearly ROA, ROE, ROICNSA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 4 6 8

1.3 Margins

  • NSA's Profit Margin of 7.07% is on the low side compared to the rest of the industry. NSA is outperformed by 64.29% of its industry peers.
  • In the last couple of years the Profit Margin of NSA has declined.
  • NSA has a Operating Margin (37.01%) which is comparable to the rest of the industry.
  • NSA's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 37.01%
PM (TTM) 7.07%
GM N/A
OM growth 3Y0.81%
OM growth 5Y1.69%
PM growth 3Y-14.35%
PM growth 5Y-2.92%
GM growth 3YN/A
GM growth 5YN/A
NSA Yearly Profit, Operating, Gross MarginsNSA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. NSA Health Analysis

2.1 Basic Checks

  • NSA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • NSA has more shares outstanding than it did 1 year ago.
  • NSA has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for NSA is higher compared to a year ago.
NSA Yearly Shares OutstandingNSA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
NSA Yearly Total Debt VS Total AssetsNSA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of 0.62, we must say that NSA is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.62, NSA is doing worse than 75.00% of the companies in the same industry.
  • The Debt to FCF ratio of NSA is 12.36, which is on the high side as it means it would take NSA, 12.36 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 12.36, NSA is doing good in the industry, outperforming 71.43% of the companies in the same industry.
  • A Debt/Equity ratio of 3.60 is on the high side and indicates that NSA has dependencies on debt financing.
  • The Debt to Equity ratio of NSA (3.60) is worse than 67.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.6
Debt/FCF 12.36
Altman-Z 0.62
ROIC/WACC0.6
WACC7.41%
NSA Yearly LT Debt VS Equity VS FCFNSA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B 3B

2.3 Liquidity

  • NSA has a Current Ratio of 0.46. This is a bad value and indicates that NSA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of NSA (0.46) is worse than 64.29% of its industry peers.
  • A Quick Ratio of 0.46 indicates that NSA may have some problems paying its short term obligations.
  • NSA has a worse Quick ratio (0.46) than 64.29% of its industry peers.
Industry RankSector Rank
Current Ratio 0.46
Quick Ratio 0.46
NSA Yearly Current Assets VS Current LiabilitesNSA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. NSA Growth Analysis

3.1 Past

  • NSA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -39.47%.
  • NSA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.09% yearly.
  • Looking at the last year, NSA shows a decrease in Revenue. The Revenue has decreased by -2.26% in the last year.
  • Measured over the past years, NSA shows a quite strong growth in Revenue. The Revenue has been growing by 11.74% on average per year.
EPS 1Y (TTM)-39.47%
EPS 3Y-11.63%
EPS 5Y7.09%
EPS Q2Q%53.33%
Revenue 1Y (TTM)-2.26%
Revenue growth 3Y-2.07%
Revenue growth 5Y11.74%
Sales Q2Q%-1.62%

3.2 Future

  • The Earnings Per Share is expected to grow by 0.57% on average over the next years.
  • The Revenue is expected to grow by 4.12% on average over the next years.
EPS Next Y11.98%
EPS Next 2Y6.51%
EPS Next 3Y0.57%
EPS Next 5YN/A
Revenue Next Year-0.68%
Revenue Next 2Y0.84%
Revenue Next 3Y1.92%
Revenue Next 5Y4.12%

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.
NSA Yearly Revenue VS EstimatesNSA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 200M 400M 600M 800M
NSA Yearly EPS VS EstimatesNSA Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 1

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3

4. NSA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 62.80, the valuation of NSA can be described as expensive.
  • NSA's Price/Earnings ratio is a bit more expensive when compared to the industry. NSA is more expensive than 64.29% of the companies in the same industry.
  • NSA is valuated expensively when we compare the Price/Earnings ratio to 27.42, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 56.08, the valuation of NSA can be described as expensive.
  • NSA's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 22.24. NSA is valued rather expensively when compared to this.
Industry RankSector Rank
PE 62.8
Fwd PE 56.08
NSA Price Earnings VS Forward Price EarningsNSA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

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 89.29% of the companies listed in the same industry.
  • 96.43% of the companies in the same industry are more expensive than NSA, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 12.13
EV/EBITDA 14.37
NSA Per share dataNSA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NSA does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)5.24
PEG (5Y)8.86
EPS Next 2Y6.51%
EPS Next 3Y0.57%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. NSA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.23%, NSA is a good candidate for dividend investing.
  • NSA's Dividend Yield is a higher than the industry average which is at 4.26.
  • NSA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 5.23%

5.2 History

  • On average, the dividend of NSA grows each year by 10.06%, which is quite nice.
  • NSA has been paying a dividend for at least 10 years, so it has a reliable track record.
  • NSA has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)10.06%
Div Incr Years10
Div Non Decr Years10
NSA Yearly Dividends per shareNSA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • 366.83% of the earnings are spent on dividend by NSA. This is not a sustainable payout ratio.
  • The dividend of NSA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP366.83%
EPS Next 2Y6.51%
EPS Next 3Y0.57%
NSA Yearly Income VS Free CF VS DividendNSA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -500M -1B -1.5B
NSA Dividend Payout.NSA Dividend Payout, showing the Payout Ratio.NSA Dividend Payout.PayoutRetained Earnings

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NSA Fundamentals: All Metrics, Ratios and Statistics

NATIONAL STORAGE AFFILIATES

NYSE:NSA (4/24/2026, 8:04:00 PM)

After market: 43.33 0 (0%)

43.33

-0.28 (-0.64%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)02-25
Earnings (Next)05-05
Inst Owners102.97%
Inst Owner Change-1.18%
Ins Owners7.77%
Ins Owner Change0%
Market Cap3.34B
Revenue(TTM)752.93M
Net Income(TTM)53.26M
Analysts67.06
Price Target36.85 (-14.95%)
Short Float %5.93%
Short Ratio2.05
Dividend
Industry RankSector Rank
Dividend Yield 5.23%
Yearly Dividend2.55
Dividend Growth(5Y)10.06%
DP366.83%
Div Incr Years10
Div Non Decr Years10
Ex-Date03-13
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)14.79%
Min EPS beat(2)-4.37%
Max EPS beat(2)33.95%
EPS beat(4)1
Avg EPS beat(4)-5.7%
Min EPS beat(4)-43.42%
Max EPS beat(4)33.95%
EPS beat(8)3
Avg EPS beat(8)-0.54%
EPS beat(12)5
Avg EPS beat(12)20.06%
EPS beat(16)5
Avg EPS beat(16)8.33%
Revenue beat(2)2
Avg Revenue beat(2)1.69%
Min Revenue beat(2)1.16%
Max Revenue beat(2)2.22%
Revenue beat(4)3
Avg Revenue beat(4)-0.35%
Min Revenue beat(4)-8.32%
Max Revenue beat(4)3.53%
Revenue beat(8)7
Avg Revenue beat(8)0.59%
Revenue beat(12)11
Avg Revenue beat(12)1.03%
Revenue beat(16)15
Avg Revenue beat(16)1.9%
PT rev (1m)11.03%
PT rev (3m)9.8%
EPS NQ rev (1m)3.28%
EPS NQ rev (3m)-3.57%
EPS NY rev (1m)14.86%
EPS NY rev (3m)18.79%
Revenue NQ rev (1m)-1.2%
Revenue NQ rev (3m)-0.76%
Revenue NY rev (1m)-0.53%
Revenue NY rev (3m)-1.09%
Valuation
Industry RankSector Rank
PE 62.8
Fwd PE 56.08
P/S 4.44
P/FCF 12.13
P/OCF 9.87
P/B 3.53
P/tB 4.18
EV/EBITDA 14.37
EPS(TTM)0.69
EY1.59%
EPS(NY)0.77
Fwd EY1.78%
FCF(TTM)3.57
FCFY8.24%
OCF(TTM)4.39
OCFY10.13%
SpS9.76
BVpS12.26
TBVpS10.37
PEG (NY)5.24
PEG (5Y)8.86
Graham Number13.7984 (-68.16%)
Profitability
Industry RankSector Rank
ROA 1.05%
ROE 5.63%
ROCE 5.61%
ROIC 4.44%
ROICexc 4.46%
ROICexgc 4.6%
OM 37.01%
PM (TTM) 7.07%
GM N/A
FCFM 36.59%
ROA(3y)1.69%
ROA(5y)1.64%
ROE(3y)7.92%
ROE(5y)6.89%
ROIC(3y)4.5%
ROIC(5y)4.09%
ROICexc(3y)4.53%
ROICexc(5y)4.12%
ROICexgc(3y)4.66%
ROICexgc(5y)4.22%
ROCE(3y)5.69%
ROCE(5y)5.18%
ROICexgc growth 3Y5.39%
ROICexgc growth 5Y5.96%
ROICexc growth 3Y4.92%
ROICexc growth 5Y5.59%
OM growth 3Y0.81%
OM growth 5Y1.69%
PM growth 3Y-14.35%
PM growth 5Y-2.92%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.15
Health
Industry RankSector Rank
Debt/Equity 3.6
Debt/FCF 12.36
Debt/EBITDA 7.28
Cap/Depr 33.29%
Cap/Sales 8.37%
Interest Coverage 1.78
Cash Conversion 72.34%
Profit Quality 517.24%
Current Ratio 0.46
Quick Ratio 0.46
Altman-Z 0.62
F-Score4
WACC7.41%
ROIC/WACC0.6
Cap/Depr(3y)46.99%
Cap/Depr(5y)326.84%
Cap/Sales(3y)11.82%
Cap/Sales(5y)88.77%
Profit Quality(3y)344.63%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-39.47%
EPS 3Y-11.63%
EPS 5Y7.09%
EPS Q2Q%53.33%
EPS Next Y11.98%
EPS Next 2Y6.51%
EPS Next 3Y0.57%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.26%
Revenue growth 3Y-2.07%
Revenue growth 5Y11.74%
Sales Q2Q%-1.62%
Revenue Next Year-0.68%
Revenue Next 2Y0.84%
Revenue Next 3Y1.92%
Revenue Next 5Y4.12%
EBIT growth 1Y-6.23%
EBIT growth 3Y-1.27%
EBIT growth 5Y13.63%
EBIT Next Year56.3%
EBIT Next 3Y11.05%
EBIT Next 5YN/A
FCF growth 1Y12.36%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-6.77%
OCF growth 3Y-8.64%
OCF growth 5Y8.94%

NATIONAL STORAGE AFFILIATES / NSA Fundamental Analysis 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.


How profitable is NATIONAL STORAGE AFFILIATES (NSA) stock?

NATIONAL STORAGE AFFILIATES (NSA) has a profitability rating of 4 / 10.


What is the expected EPS growth for NATIONAL STORAGE AFFILIATES (NSA) stock?

The Earnings per Share (EPS) of NATIONAL STORAGE AFFILIATES (NSA) is expected to grow by 11.98% in the next year.


Can you provide the dividend sustainability for NSA stock?

The dividend rating of NATIONAL STORAGE AFFILIATES (NSA) is 7 / 10 and the dividend payout ratio is 366.83%.