SHURGARD SELF STORAGE LTD (SHUR.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:SHUR - GG00BQZCBZ44 - REIT
30.9 EUR
-0.6 (-1.9%)
We assign a fundamental rating of 6 out of 10 to SHUR. SHUR was compared to 2 industry peers in the Specialized REITs industry. SHUR has an excellent profitability rating, but there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on SHUR. This makes SHUR very considerable 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.
- Each year in the past 5 years SHUR had a positive operating cash flow.
1.2 Ratios
- SHUR has a better Return On Assets (8.00%) than 100.00% of its industry peers.
- Looking at the Return On Equity, with a value of 13.15%, SHUR belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- SHUR has a Return On Invested Capital of 2.77%. This is amongst the best in the industry. SHUR outperforms 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 has a better Profit Margin (128.61%) than 100.00% of its industry peers.
- In the last couple of years the Profit Margin of SHUR has grown nicely.
- SHUR has a better Operating Margin (56.18%) than 100.00% of its industry peers.
- In the last couple of years the Operating Margin of SHUR has remained more or less at the same level.
- With an excellent Gross Margin value of 69.39%, SHUR belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
- 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.
- SHUR has more shares outstanding than it did 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
- Based on the Altman-Z score of 1.54, we must say that SHUR is in the distress zone and has some risk of bankruptcy.
- SHUR has a Altman-Z score of 1.54. This is amongst the best in the industry. SHUR outperforms 100.00% of its industry peers.
- SHUR has a debt to FCF ratio of 7.61. This is a slightly negative value and a sign of low solvency as SHUR would need 7.61 years to pay back of all of its debts.
- SHUR's Debt to FCF ratio of 7.61 is amongst the best of the industry. SHUR outperforms 100.00% of its industry peers.
- SHUR has a Debt/Equity ratio of 0.39. This is a healthy value indicating a solid balance between debt and equity.
- SHUR has a Debt to Equity ratio of 0.39. This is amongst the best in the industry. SHUR outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | 7.61 | ||
| Altman-Z | 1.54 |
ROIC/WACC0.38
WACC7.29%
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.
- SHUR's Current ratio of 0.97 is amongst the best of the industry. SHUR outperforms 100.00% of its industry peers.
- 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.
- SHUR has a Quick ratio of 0.97. This is amongst the best in the industry. SHUR outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 33.41% over the past year.
- SHUR shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.71% yearly.
- SHUR shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.04%.
- 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
- The Earnings Per Share is expected to grow by 7.91% on average over the next years.
- The Revenue is expected to grow by 6.31% on average over the next years.
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
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- 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 5.38, the valuation of SHUR can be described as very cheap.
- Based on the Price/Earnings ratio, SHUR is valued cheaper than 100.00% of the companies in the same industry.
- When comparing the Price/Earnings ratio of SHUR to the average of the S&P500 Index (27.21), we can say SHUR is valued rather cheaply.
- With a Price/Forward Earnings ratio of 16.98, SHUR is valued correctly.
- Based on the Price/Forward Earnings ratio, SHUR is valued cheaper than 100.00% of the companies in the same industry.
- SHUR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.38 | ||
| Fwd PE | 16.98 |
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.
- 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 | 13.97 | ||
| EV/EBITDA | 18.72 |
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 1.81, 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
- 5.04% of the earnings are spent on dividend by SHUR. This is a low number and 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.