SHURGARD SELF STORAGE LTD (SHUR.BR) Stock Fundamental Analysis
EBR:SHUR - Euronext Brussels - GG00BQZCBZ44 - REIT - Currency: EUR
Taking everything into account, SHUR scores 6 out of 10 in our fundamental rating. SHUR was compared to 1 industry peers in the Specialized REITs industry. SHUR scores excellent on profitability, but there are some minor concerns on its financial health. SHUR has a decent growth rate and is not valued too expensively.
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.
Each year in the past 5 years SHUR has been profitable.
SHUR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.08%, SHUR belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
SHUR's Return On Equity of 10.04% is amongst the best of the industry. SHUR outperforms 100.00% of its industry peers.
The Return On Invested Capital of SHUR (2.80%) is better 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 2.80%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.08% | ||
| ROE | 10.04% | ||
| ROIC | 2.8% |
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 has a better Profit Margin (99.10%) than 100.00% of its industry peers.
SHUR's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 56.35%, SHUR belongs to the top 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 69.47% is amongst the best of the industry. SHUR outperforms 100.00% of its industry peers.
In the last couple of years the Gross Margin of SHUR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 56.35% | ||
| PM (TTM) | 99.1% | ||
| GM | 69.47% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SHUR is destroying value.
Compared to 1 year ago, SHUR has more shares outstanding
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
Based on the Altman-Z score of 1.65, we must say that SHUR is in the distress zone and has some risk of bankruptcy.
SHUR has a Altman-Z score of 1.65. This is amongst the best in the industry. SHUR outperforms 100.00% of its industry peers.
The Debt to FCF ratio of SHUR is 7.98, which is on the high side as it means it would take SHUR, 7.98 years of fcf income to pay off all of its debts.
SHUR has a Debt to FCF ratio of 7.98. This is amongst the best in the industry. SHUR outperforms 100.00% of its industry peers.
SHUR has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of SHUR (0.37) is better than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 7.98 | ||
| Altman-Z | 1.65 |
ROIC/WACC0.39
WACC7.26%
2.3 Liquidity
A Current Ratio of 0.57 indicates that SHUR may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.57, SHUR belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
A Quick Ratio of 0.57 indicates that SHUR may have some problems paying its short term obligations.
The Quick ratio of SHUR (0.57) is better than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.57 | ||
| Quick Ratio | 0.57 |
3. Growth
3.1 Past
The earnings per share for SHUR have decreased strongly by -30.32% in the last year.
The Earnings Per Share has been growing by 19.71% on average over the past years. This is quite good.
SHUR shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.57%.
The Revenue has been growing by 9.60% on average over the past years. This is quite good.
EPS 1Y (TTM)-30.32%
EPS 3Y-6.29%
EPS 5Y19.71%
EPS Q2Q%-7.99%
Revenue 1Y (TTM)13.57%
Revenue growth 3Y10.61%
Revenue growth 5Y9.6%
Sales Q2Q%18.3%
3.2 Future
The Earnings Per Share is expected to grow by 6.98% on average over the next years.
Based on estimates for the next years, SHUR will show a small growth in Revenue. The Revenue will grow by 6.31% on average per year.
EPS Next Y2.19%
EPS Next 2Y4.07%
EPS Next 3Y4.69%
EPS Next 5Y6.98%
Revenue Next Year17.55%
Revenue Next 2Y12.65%
Revenue Next 3Y9.67%
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.
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
With a Price/Earnings ratio of 8.89, the valuation of SHUR can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of SHUR indicates a rather cheap valuation: SHUR is cheaper than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.30, SHUR is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 20.16, the valuation of SHUR can be described as rather expensive.
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.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, SHUR is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.89 | ||
| Fwd PE | 20.16 |
4.2 Price Multiples
100.00% of the companies in the same industry are more expensive than SHUR, based on the Enterprise Value to EBITDA ratio.
SHUR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SHUR is cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.67 | ||
| EV/EBITDA | 21.97 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SHUR does not grow enough to justify the current Price/Earnings ratio.
SHUR has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4.05
PEG (5Y)0.45
EPS Next 2Y4.07%
EPS Next 3Y4.69%
5. Dividend
5.1 Amount
SHUR has a Yearly Dividend Yield of 2.27%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.27, SHUR pays a better dividend. On top of this SHUR pays more dividend than 100.00% of the companies listed in the same industry.
SHUR's Dividend Yield is comparable with the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.27% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
17.50% of the earnings are spent on dividend by SHUR. This is a low number and sustainable payout ratio.
DP17.5%
EPS Next 2Y4.07%
EPS Next 3Y4.69%
EBR:SHUR (7/11/2025, 7:00:00 PM)
36.55
-0.4 (-1.08%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners53.39%
Inst Owner ChangeN/A
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap3.60B
Analysts70.48
Price Target40.02 (9.49%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.27% |
Yearly Dividend0.72
Dividend Growth(5Y)N/A
DP17.5%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.97%
PT rev (3m)-5.79%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-2.51%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)17.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.89 | ||
| Fwd PE | 20.16 | ||
| P/S | 8.86 | ||
| P/FCF | 17.67 | ||
| P/OCF | 17.26 | ||
| P/B | 0.9 | ||
| P/tB | 0.9 | ||
| EV/EBITDA | 21.97 |
EPS(TTM)4.11
EY11.24%
EPS(NY)1.81
Fwd EY4.96%
FCF(TTM)2.07
FCFY5.66%
OCF(TTM)2.12
OCFY5.79%
SpS4.13
BVpS40.73
TBVpS40.59
PEG (NY)4.05
PEG (5Y)0.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.08% | ||
| ROE | 10.04% | ||
| ROCE | 3.64% | ||
| ROIC | 2.8% | ||
| ROICexc | 2.86% | ||
| ROICexgc | 2.87% | ||
| OM | 56.35% | ||
| PM (TTM) | 99.1% | ||
| GM | 69.47% | ||
| FCFM | 50.12% |
ROA(3y)9.46%
ROA(5y)9.59%
ROE(3y)14.96%
ROE(5y)15.36%
ROIC(3y)3.07%
ROIC(5y)3.25%
ROICexc(3y)3.17%
ROICexc(5y)3.38%
ROICexgc(3y)3.18%
ROICexgc(5y)3.38%
ROCE(3y)4%
ROCE(5y)4.23%
ROICexcg growth 3Y-6.48%
ROICexcg growth 5Y-6.53%
ROICexc growth 3Y-6.5%
ROICexc growth 5Y-6.54%
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%
F-Score2
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 7.98 | ||
| Debt/EBITDA | 6.39 | ||
| Cap/Depr | 117.57% | ||
| Cap/Sales | 1.19% | ||
| Interest Coverage | 7.19 | ||
| Cash Conversion | 89.46% | ||
| Profit Quality | 50.58% | ||
| Current Ratio | 0.57 | ||
| Quick Ratio | 0.57 | ||
| Altman-Z | 1.65 |
F-Score2
WACC7.26%
ROIC/WACC0.39
Cap/Depr(3y)106.78%
Cap/Depr(5y)102.04%
Cap/Sales(3y)1%
Cap/Sales(5y)0.91%
Profit Quality(3y)39.01%
Profit Quality(5y)40.47%
High Growth Momentum
Growth
EPS 1Y (TTM)-30.32%
EPS 3Y-6.29%
EPS 5Y19.71%
EPS Q2Q%-7.99%
EPS Next Y2.19%
EPS Next 2Y4.07%
EPS Next 3Y4.69%
EPS Next 5Y6.98%
Revenue 1Y (TTM)13.57%
Revenue growth 3Y10.61%
Revenue growth 5Y9.6%
Sales Q2Q%18.3%
Revenue Next Year17.55%
Revenue Next 2Y12.65%
Revenue Next 3Y9.67%
Revenue Next 5Y6.31%
EBIT growth 1Y10.63%
EBIT growth 3Y9.93%
EBIT growth 5Y9.68%
EBIT Next Year8.54%
EBIT Next 3Y7.52%
EBIT Next 5YN/A
FCF growth 1Y10.77%
FCF growth 3Y8.52%
FCF growth 5Y11.34%
OCF growth 1Y11.33%
OCF growth 3Y8.88%
OCF growth 5Y11.4%