CUBESMART (CUBE) Stock Fundamental Analysis
NYSE:CUBE - US2296631094 - REIT
41.09 USD
+1.07 (+2.67%)
41.09 USD
0 (0%)
Taking everything into account, CUBE scores 5 out of 10 in our fundamental rating. CUBE was compared to 30 industry peers in the Specialized REITs industry. CUBE has an excellent profitability rating, but there are concerns on its financial health. CUBE has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
CUBE had positive earnings in the past year.
In the past year CUBE had a positive cash flow from operations.
In the past 5 years CUBE has always been profitable.
In the past 5 years CUBE always reported a positive cash flow from operatings.
1.2 Ratios
CUBE has a better Return On Assets (5.59%) than 76.67% of its industry peers.
With a decent Return On Equity value of 13.32%, CUBE is doing good in the industry, outperforming 76.67% of the companies in the same industry.
With a decent Return On Invested Capital value of 5.90%, CUBE is doing good in the industry, outperforming 70.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CUBE is in line with the industry average of 5.07%.
The 3 year average ROIC (5.88%) for CUBE is below the current ROIC(5.90%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.59% | ||
| ROE | 13.32% | ||
| ROIC | 5.9% |
ROA(3y)5.77%
ROA(5y)4.84%
ROE(3y)12.87%
ROE(5y)11.09%
ROIC(3y)5.88%
ROIC(5y)5.16%
1.3 Margins
CUBE has a Profit Margin of 34.27%. This is amongst the best in the industry. CUBE outperforms 83.33% of its industry peers.
CUBE's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 43.37%, CUBE is doing good in the industry, outperforming 70.00% of the companies in the same industry.
In the last couple of years the Operating Margin of CUBE has grown nicely.
CUBE's Gross Margin of 69.87% is in line compared to the rest of the industry. CUBE outperforms 46.67% of its industry peers.
In the last couple of years the Gross Margin of CUBE has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 43.37% | ||
| PM (TTM) | 34.27% | ||
| GM | 69.87% |
OM growth 3Y8.65%
OM growth 5Y4.68%
PM growth 3Y10.53%
PM growth 5Y6.92%
GM growth 3Y0.34%
GM growth 5Y1.5%
2. Health
2.1 Basic Checks
CUBE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for CUBE has been increased compared to 1 year ago.
CUBE has more shares outstanding than it did 5 years ago.
CUBE has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.47, we must say that CUBE is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.47, CUBE is doing good in the industry, outperforming 70.00% of the companies in the same industry.
The Debt to FCF ratio of CUBE is 6.28, which is on the high side as it means it would take CUBE, 6.28 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CUBE (6.28) is better than 90.00% of its industry peers.
CUBE has a Debt/Equity ratio of 1.22. This is a high value indicating a heavy dependency on external financing.
CUBE's Debt to Equity ratio of 1.22 is in line compared to the rest of the industry. CUBE outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | 6.28 | ||
| Altman-Z | 1.47 |
ROIC/WACC0.8
WACC7.41%
2.3 Liquidity
A Current Ratio of 0.10 indicates that CUBE may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.10, CUBE is doing worse than 93.33% of the companies in the same industry.
A Quick Ratio of 0.10 indicates that CUBE may have some problems paying its short term obligations.
CUBE's Quick ratio of 0.10 is on the low side compared to the rest of the industry. CUBE is outperformed by 93.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.1 | ||
| Quick Ratio | 0.1 |
3. Growth
3.1 Past
The earnings per share for CUBE have decreased by -7.87% in the last year.
The Earnings Per Share has been growing by 14.17% on average over the past years. This is quite good.
CUBE shows a small growth in Revenue. In the last year, the Revenue has grown by 3.14%.
CUBE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.61% yearly.
EPS 1Y (TTM)-7.87%
EPS 3Y13.71%
EPS 5Y14.17%
EPS Q2Q%-12.2%
Revenue 1Y (TTM)3.14%
Revenue growth 3Y9.03%
Revenue growth 5Y10.61%
Sales Q2Q%6.05%
3.2 Future
CUBE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.65% yearly.
The Revenue is expected to grow by 7.46% on average over the next years.
EPS Next Y-8.59%
EPS Next 2Y-3.29%
EPS Next 3Y0.07%
EPS Next 5Y1.65%
Revenue Next Year5.26%
Revenue Next 2Y4.4%
Revenue Next 3Y4.33%
Revenue Next 5Y7.46%
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
A Price/Earnings ratio of 25.05 indicates a quite expensive valuation of CUBE.
Based on the Price/Earnings ratio, CUBE is valued a bit cheaper than 80.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of CUBE to the average of the S&P500 Index (27.24), we can say CUBE is valued inline with the index average.
A Price/Forward Earnings ratio of 25.54 indicates a quite expensive valuation of CUBE.
Based on the Price/Forward Earnings ratio, CUBE is valued a bit cheaper than the industry average as 73.33% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.81. CUBE is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.05 | ||
| Fwd PE | 25.54 |
4.2 Price Multiples
CUBE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CUBE is cheaper than 66.67% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CUBE is valued cheaply inside the industry as 83.33% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.19 | ||
| EV/EBITDA | 18.04 |
4.3 Compensation for Growth
The decent profitability rating of CUBE may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.77
EPS Next 2Y-3.29%
EPS Next 3Y0.07%
5. Dividend
5.1 Amount
CUBE has a Yearly Dividend Yield of 5.20%, which is a nice return.
CUBE's Dividend Yield is comparable with the industry average which is at 6.02.
CUBE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.2% |
5.2 History
The dividend of CUBE is nicely growing with an annual growth rate of 9.75%!
CUBE has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of CUBE decreased recently.
Dividend Growth(5Y)9.75%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
125.21% of the earnings are spent on dividend by CUBE. This is not a sustainable payout ratio.
The dividend of CUBE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP125.21%
EPS Next 2Y-3.29%
EPS Next 3Y0.07%
41.09
+1.07 (+2.67%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners98.38%
Inst Owner Change-1.87%
Ins Owners0.77%
Ins Owner Change-2.3%
Market Cap9.37B
Analysts72.8
Price Target46.8 (13.9%)
Short Float %2.01%
Short Ratio2.53
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.2% |
Yearly Dividend2.04
Dividend Growth(5Y)9.75%
DP125.21%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.37%
Min EPS beat(2)-4.61%
Max EPS beat(2)-0.13%
EPS beat(4)0
Avg EPS beat(4)-2.85%
Min EPS beat(4)-4.61%
Max EPS beat(4)-0.13%
EPS beat(8)1
Avg EPS beat(8)-1.4%
EPS beat(12)4
Avg EPS beat(12)9.26%
EPS beat(16)7
Avg EPS beat(16)9.57%
Revenue beat(2)2
Avg Revenue beat(2)1.06%
Min Revenue beat(2)1.03%
Max Revenue beat(2)1.08%
Revenue beat(4)3
Avg Revenue beat(4)0.19%
Min Revenue beat(4)-1.47%
Max Revenue beat(4)1.08%
Revenue beat(8)5
Avg Revenue beat(8)-0.49%
Revenue beat(12)6
Avg Revenue beat(12)-0.61%
Revenue beat(16)7
Avg Revenue beat(16)-0.92%
PT rev (1m)-1.46%
PT rev (3m)1.21%
EPS NQ rev (1m)0.74%
EPS NQ rev (3m)-13.65%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.46%
Revenue NQ rev (1m)0.27%
Revenue NQ rev (3m)-0.04%
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)1.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.05 | ||
| Fwd PE | 25.54 | ||
| P/S | 8.57 | ||
| P/FCF | 17.19 | ||
| P/OCF | 15.26 | ||
| P/B | 3.33 | ||
| P/tB | 3.36 | ||
| EV/EBITDA | 18.04 |
EPS(TTM)1.64
EY3.99%
EPS(NY)1.61
Fwd EY3.92%
FCF(TTM)2.39
FCFY5.82%
OCF(TTM)2.69
OCFY6.55%
SpS4.8
BVpS12.34
TBVpS12.22
PEG (NY)N/A
PEG (5Y)1.77
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.59% | ||
| ROE | 13.32% | ||
| ROCE | 7.47% | ||
| ROIC | 5.9% | ||
| ROICexc | 5.91% | ||
| ROICexgc | 6% | ||
| OM | 43.37% | ||
| PM (TTM) | 34.27% | ||
| GM | 69.87% | ||
| FCFM | 49.82% |
ROA(3y)5.77%
ROA(5y)4.84%
ROE(3y)12.87%
ROE(5y)11.09%
ROIC(3y)5.88%
ROIC(5y)5.16%
ROICexc(3y)5.91%
ROICexc(5y)5.18%
ROICexgc(3y)5.98%
ROICexgc(5y)5.26%
ROCE(3y)7.44%
ROCE(5y)6.53%
ROICexcg growth 3Y19.62%
ROICexcg growth 5Y5.76%
ROICexc growth 3Y20.2%
ROICexc growth 5Y5.63%
OM growth 3Y8.65%
OM growth 5Y4.68%
PM growth 3Y10.53%
PM growth 5Y6.92%
GM growth 3Y0.34%
GM growth 5Y1.5%
F-Score4
Asset Turnover0.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | 6.28 | ||
| Debt/EBITDA | 4.83 | ||
| Cap/Depr | 29.44% | ||
| Cap/Sales | 6.3% | ||
| Interest Coverage | 4.77 | ||
| Cash Conversion | 86.65% | ||
| Profit Quality | 145.38% | ||
| Current Ratio | 0.1 | ||
| Quick Ratio | 0.1 | ||
| Altman-Z | 1.47 |
F-Score4
WACC7.41%
ROIC/WACC0.8
Cap/Depr(3y)37.57%
Cap/Depr(5y)96.81%
Cap/Sales(3y)8.96%
Cap/Sales(5y)23.68%
Profit Quality(3y)143.78%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-7.87%
EPS 3Y13.71%
EPS 5Y14.17%
EPS Q2Q%-12.2%
EPS Next Y-8.59%
EPS Next 2Y-3.29%
EPS Next 3Y0.07%
EPS Next 5Y1.65%
Revenue 1Y (TTM)3.14%
Revenue growth 3Y9.03%
Revenue growth 5Y10.61%
Sales Q2Q%6.05%
Revenue Next Year5.26%
Revenue Next 2Y4.4%
Revenue Next 3Y4.33%
Revenue Next 5Y7.46%
EBIT growth 1Y-3.39%
EBIT growth 3Y18.46%
EBIT growth 5Y15.79%
EBIT Next Year48.14%
EBIT Next 3Y17.13%
EBIT Next 5Y15.23%
FCF growth 1Y1.92%
FCF growth 3Y27.5%
FCF growth 5Y25.34%
OCF growth 1Y1.63%
OCF growth 3Y12%
OCF growth 5Y13.72%