CUBESMART (CUBE) Stock Fundamental Analysis
NYSE:CUBE - New York Stock Exchange, Inc. - US2296631094 - REIT - Currency: USD
Overall CUBE gets a fundamental rating of 5 out of 10. We evaluated CUBE against 30 industry peers in the Specialized REITs industry. While CUBE has a great profitability rating, there are quite some concerns on its financial health. CUBE has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year CUBE was profitable.
CUBE had a positive operating cash flow in the past year.
CUBE had positive earnings in each of the past 5 years.
CUBE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 5.72%, CUBE is doing good in the industry, outperforming 76.67% of the companies in the same industry.
Looking at the Return On Equity, with a value of 13.57%, CUBE is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
CUBE has a better Return On Invested Capital (5.93%) than 70.00% of its industry peers.
CUBE had an Average Return On Invested Capital over the past 3 years of 5.88%. This is in line with the industry average of 5.28%.
The 3 year average ROIC (5.88%) for CUBE is below the current ROIC(5.93%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.72% | ||
| ROE | 13.57% | ||
| ROIC | 5.93% |
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
The Profit Margin of CUBE (35.80%) is better than 83.33% of its industry peers.
CUBE's Profit Margin has improved in the last couple of years.
The Operating Margin of CUBE (44.53%) is better than 70.00% of its industry peers.
In the last couple of years the Operating Margin of CUBE has grown nicely.
The Gross Margin of CUBE (69.97%) is comparable to the rest of the industry.
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 | 44.53% | ||
| PM (TTM) | 35.8% | ||
| GM | 69.97% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CUBE is destroying value.
CUBE has more shares outstanding than it did 1 year ago.
The number of shares outstanding for CUBE has been increased compared to 5 years ago.
CUBE has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.50, we must say that CUBE is in the distress zone and has some risk of bankruptcy.
CUBE has a Altman-Z score of 1.50. This is in the better half of the industry: CUBE outperforms 70.00% of its industry peers.
CUBE has a debt to FCF ratio of 6.12. This is a slightly negative value and a sign of low solvency as CUBE would need 6.12 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.12, CUBE belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
A Debt/Equity ratio of 1.21 is on the high side and indicates that CUBE has dependencies on debt financing.
CUBE has a Debt to Equity ratio (1.21) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.21 | ||
| Debt/FCF | 6.12 | ||
| Altman-Z | 1.5 |
ROIC/WACC0.79
WACC7.48%
2.3 Liquidity
CUBE has a Current Ratio of 0.09. This is a bad value and indicates that CUBE is not financially healthy enough and could expect problems in meeting its short term obligations.
CUBE's Current ratio of 0.09 is on the low side compared to the rest of the industry. CUBE is outperformed by 93.33% of its industry peers.
A Quick Ratio of 0.09 indicates that CUBE may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.09, CUBE is doing worse than 93.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.09 | ||
| Quick Ratio | 0.09 |
3. Growth
3.1 Past
The earnings per share for CUBE have decreased by -6.11% in the last year.
CUBE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.17% yearly.
CUBE shows a small growth in Revenue. In the last year, the Revenue has grown by 2.15%.
The Revenue has been growing by 10.61% on average over the past years. This is quite good.
EPS 1Y (TTM)-6.11%
EPS 3Y13.71%
EPS 5Y14.17%
EPS Q2Q%-7.14%
Revenue 1Y (TTM)2.15%
Revenue growth 3Y9.03%
Revenue growth 5Y10.61%
Sales Q2Q%4.45%
3.2 Future
The Earnings Per Share is expected to grow by 1.65% on average over the next years.
CUBE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.46% yearly.
EPS Next Y-8.59%
EPS Next 2Y-3.42%
EPS Next 3Y-0.12%
EPS Next 5Y1.65%
Revenue Next Year5.07%
Revenue Next 2Y4.35%
Revenue Next 3Y4.36%
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
Based on the Price/Earnings ratio of 24.62, the valuation of CUBE can be described as rather expensive.
Based on the Price/Earnings ratio, CUBE is valued a bit cheaper than 80.00% of the companies in the same industry.
CUBE is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.69, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 25.94 indicates a quite expensive valuation of CUBE.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CUBE indicates a somewhat cheap valuation: CUBE is cheaper than 73.33% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 37.36. CUBE is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.62 | ||
| Fwd PE | 25.94 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CUBE.
83.33% of the companies in the same industry are more expensive than CUBE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.89 | ||
| EV/EBITDA | 18.46 |
4.3 Compensation for Growth
The decent profitability rating of CUBE may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.74
EPS Next 2Y-3.42%
EPS Next 3Y-0.12%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.09%, CUBE is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.63, CUBE pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, CUBE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.09% |
5.2 History
On average, the dividend of CUBE grows each year by 9.75%, which is quite nice.
CUBE has been paying a dividend for at least 10 years, so it has 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
CUBE pays out 120.66% of its income as dividend. 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.
DP120.66%
EPS Next 2Y-3.42%
EPS Next 3Y-0.12%
NYSE:CUBE (7/24/2025, 11:15:07 AM)
41.61
+0.09 (+0.22%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners98.34%
Inst Owner Change0.09%
Ins Owners0.77%
Ins Owner Change-4.62%
Market Cap9.48B
Analysts73.33
Price Target47.49 (14.13%)
Short Float %2.03%
Short Ratio2.52
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.09% |
Yearly Dividend2.04
Dividend Growth(5Y)9.75%
DP120.66%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.72%
Min EPS beat(2)-3.3%
Max EPS beat(2)-0.13%
EPS beat(4)0
Avg EPS beat(4)-2.77%
Min EPS beat(4)-4.3%
Max EPS beat(4)-0.13%
EPS beat(8)1
Avg EPS beat(8)-0.82%
EPS beat(12)5
Avg EPS beat(12)9.81%
EPS beat(16)8
Avg EPS beat(16)10.61%
Revenue beat(2)1
Avg Revenue beat(2)-0.19%
Min Revenue beat(2)-1.47%
Max Revenue beat(2)1.08%
Revenue beat(4)3
Avg Revenue beat(4)0.41%
Min Revenue beat(4)-1.47%
Max Revenue beat(4)1.93%
Revenue beat(8)4
Avg Revenue beat(8)-1.31%
Revenue beat(12)5
Avg Revenue beat(12)-0.87%
Revenue beat(16)7
Avg Revenue beat(16)-0.88%
PT rev (1m)0.54%
PT rev (3m)-0.48%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.07%
EPS NY rev (1m)-0.28%
EPS NY rev (3m)-3.75%
Revenue NQ rev (1m)-0.09%
Revenue NQ rev (3m)0.91%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)1.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.62 | ||
| Fwd PE | 25.94 | ||
| P/S | 8.8 | ||
| P/FCF | 16.89 | ||
| P/OCF | 15.12 | ||
| P/B | 3.33 | ||
| P/tB | 3.38 | ||
| EV/EBITDA | 18.46 |
EPS(TTM)1.69
EY4.06%
EPS(NY)1.6
Fwd EY3.86%
FCF(TTM)2.46
FCFY5.92%
OCF(TTM)2.75
OCFY6.61%
SpS4.73
BVpS12.48
TBVpS12.32
PEG (NY)N/A
PEG (5Y)1.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.72% | ||
| ROE | 13.57% | ||
| ROCE | 7.5% | ||
| ROIC | 5.93% | ||
| ROICexc | 5.94% | ||
| ROICexgc | 6.04% | ||
| OM | 44.53% | ||
| PM (TTM) | 35.8% | ||
| GM | 69.97% | ||
| FCFM | 52.11% |
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 | 1.21 | ||
| Debt/FCF | 6.12 | ||
| Debt/EBITDA | 4.92 | ||
| Cap/Depr | 30.01% | ||
| Cap/Sales | 6.08% | ||
| Interest Coverage | 5.14 | ||
| Cash Conversion | 89.82% | ||
| Profit Quality | 145.57% | ||
| Current Ratio | 0.09 | ||
| Quick Ratio | 0.09 | ||
| Altman-Z | 1.5 |
F-Score4
WACC7.48%
ROIC/WACC0.79
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)-6.11%
EPS 3Y13.71%
EPS 5Y14.17%
EPS Q2Q%-7.14%
EPS Next Y-8.59%
EPS Next 2Y-3.42%
EPS Next 3Y-0.12%
EPS Next 5Y1.65%
Revenue 1Y (TTM)2.15%
Revenue growth 3Y9.03%
Revenue growth 5Y10.61%
Sales Q2Q%4.45%
Revenue Next Year5.07%
Revenue Next 2Y4.35%
Revenue Next 3Y4.36%
Revenue Next 5Y7.46%
EBIT growth 1Y-3.02%
EBIT growth 3Y18.46%
EBIT growth 5Y15.79%
EBIT Next Year46.99%
EBIT Next 3Y16.8%
EBIT Next 5Y15.3%
FCF growth 1Y11.8%
FCF growth 3Y27.5%
FCF growth 5Y25.34%
OCF growth 1Y5.19%
OCF growth 3Y12%
OCF growth 5Y13.72%