SHURGARD SELF STORAGE LTD (SHUR.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:SHUR - GG00BQZCBZ44 - REIT
30.45 EUR
-0.35 (-1.14%)
Overall SHUR gets a fundamental rating of 6 out of 10. We evaluated SHUR against 2 industry peers in the Specialized REITs industry. SHUR has an excellent profitability rating, but there are some minor concerns on its financial health. SHUR is valued quite cheap, while showing a decent growth score. This is a good combination! With these ratings, SHUR could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
- SHUR had positive earnings in the past year.
- In the past year SHUR had a positive cash flow from operations.
- SHUR had positive earnings in each of the past 5 years.
- SHUR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- SHUR has a Return On Assets of 8.00%. This is amongst the best in the industry. SHUR outperforms 100.00% of its industry peers.
- With an excellent Return On Equity value of 13.15%, SHUR belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
- SHUR has a better Return On Invested Capital (2.77%) than 100.00% of its industry peers.
- SHUR had an Average Return On Invested Capital over the past 3 years of 3.07%. This is in line with the industry average of 2.77%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8% | ||
| ROE | 13.15% | ||
| ROIC | 2.77% |
ROA(3y)9.46%
ROA(5y)9.59%
ROE(3y)14.96%
ROE(5y)15.36%
ROIC(3y)3.07%
ROIC(5y)3.25%
1.3 Margins
- SHUR's Profit Margin of 128.61% is amongst the best of the industry. SHUR outperforms 100.00% of its industry peers.
- In the last couple of years the Profit Margin of SHUR has grown nicely.
- With an excellent Operating Margin value of 56.18%, SHUR belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
- SHUR's Operating Margin has been stable in the last couple of years.
- SHUR's Gross Margin of 69.39% is amongst the best of the industry. SHUR outperforms 100.00% of its industry peers.
- SHUR's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 56.18% | ||
| PM (TTM) | 128.61% | ||
| GM | 69.39% |
OM growth 3Y-0.61%
OM growth 5Y0.08%
PM growth 3Y-12.66%
PM growth 5Y11.28%
GM growth 3Y0.84%
GM growth 5Y1.63%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SHUR is destroying value.
- The number of shares outstanding for SHUR has been increased compared to 1 year ago.
- SHUR has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for SHUR is higher compared to a year ago.
2.2 Solvency
- SHUR has an Altman-Z score of 1.53. This is a bad value and indicates that SHUR is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 1.53, SHUR belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- The Debt to FCF ratio of SHUR is 7.61, which is on the high side as it means it would take SHUR, 7.61 years of fcf income to pay off all of its debts.
- SHUR has a better Debt to FCF ratio (7.61) than 100.00% of its industry peers.
- A Debt/Equity ratio of 0.39 indicates that SHUR is not too dependend on debt financing.
- The Debt to Equity ratio of SHUR (0.39) is better than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | 7.61 | ||
| Altman-Z | 1.53 |
ROIC/WACC0.38
WACC7.27%
2.3 Liquidity
- SHUR has a Current Ratio of 0.97. This is a bad value and indicates that SHUR is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Current ratio, with a value of 0.97, SHUR belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- SHUR has a Quick Ratio of 0.97. This is a bad value and indicates that SHUR is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Quick ratio of SHUR (0.97) is better than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
- SHUR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 33.41%, which is quite impressive.
- Measured over the past years, SHUR shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.71% on average per year.
- The Revenue has grown by 18.04% in the past year. This is quite good.
- Measured over the past years, SHUR shows a quite strong growth in Revenue. The Revenue has been growing by 9.60% on average per year.
EPS 1Y (TTM)33.41%
EPS 3Y-6.29%
EPS 5Y19.71%
EPS Q2Q%84.46%
Revenue 1Y (TTM)18.04%
Revenue growth 3Y10.61%
Revenue growth 5Y9.6%
Sales Q2Q%17.79%
3.2 Future
- Based on estimates for the next years, SHUR will show a small growth in Earnings Per Share. The EPS will grow by 7.91% on average per year.
- SHUR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.31% yearly.
EPS Next Y-1.28%
EPS Next 2Y1.3%
EPS Next 3Y3.53%
EPS Next 5Y7.91%
Revenue Next Year15.91%
Revenue Next 2Y11.91%
Revenue Next 3Y10.61%
Revenue Next 5Y6.31%
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 5.30, the valuation of SHUR can be described as very cheap.
- Based on the Price/Earnings ratio, SHUR is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
- SHUR is valuated cheaply when we compare the Price/Earnings ratio to 28.39, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 16.73 indicates a correct valuation of SHUR.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of SHUR indicates a rather cheap valuation: SHUR is cheaper than 100.00% of the companies listed in the same industry.
- SHUR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.72, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.3 | ||
| Fwd PE | 16.73 |
4.2 Price Multiples
- SHUR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. SHUR is cheaper than 100.00% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, SHUR is valued cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.76 | ||
| EV/EBITDA | 18.44 |
4.3 Compensation for Growth
- The excellent profitability rating of SHUR may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.27
EPS Next 2Y1.3%
EPS Next 3Y3.53%
5. Dividend
5.1 Amount
- SHUR has a Yearly Dividend Yield of 2.61%.
- SHUR's Dividend Yield is rather good when compared to the industry average which is at 1.31. SHUR pays more dividend than 100.00% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, SHUR pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.61% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
- SHUR pays out 5.04% of its income as dividend. This is a sustainable payout ratio.
DP5.04%
EPS Next 2Y1.3%
EPS Next 3Y3.53%
SHURGARD SELF STORAGE LTD / SHUR.BR FAQ
What is the fundamental rating for SHUR stock?
ChartMill assigns a fundamental rating of 6 / 10 to SHUR.BR.
What is the valuation status for SHUR stock?
ChartMill assigns a valuation rating of 7 / 10 to SHURGARD SELF STORAGE LTD (SHUR.BR). This can be considered as Undervalued.
How profitable is SHURGARD SELF STORAGE LTD (SHUR.BR) stock?
SHURGARD SELF STORAGE LTD (SHUR.BR) has a profitability rating of 8 / 10.
What is the financial health of SHURGARD SELF STORAGE LTD (SHUR.BR) stock?
The financial health rating of SHURGARD SELF STORAGE LTD (SHUR.BR) is 5 / 10.
What is the expected EPS growth for SHURGARD SELF STORAGE LTD (SHUR.BR) stock?
The Earnings per Share (EPS) of SHURGARD SELF STORAGE LTD (SHUR.BR) is expected to decline by -1.28% in the next year.