EXTRA SPACE STORAGE INC (EXR) Stock Fundamental Analysis
USA - NYSE:EXR - US30225T1025 - REIT
133.93 USD
+3.43 (+2.63%)
133.93 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to EXR. EXR was compared to 30 industry peers in the Specialized REITs industry. There are concerns on the financial health of EXR while its profitability can be described as average. EXR is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
EXR had positive earnings in the past year.
In the past year EXR had a positive cash flow from operations.
In the past 5 years EXR has always been profitable.
Each year in the past 5 years EXR had a positive operating cash flow.
1.2 Ratios
The Return On Assets of EXR (3.32%) is better than 63.33% of its industry peers.
The Return On Equity of EXR (7.07%) is comparable to the rest of the industry.
EXR has a Return On Invested Capital (4.02%) which is in line with its industry peers.
EXR had an Average Return On Invested Capital over the past 3 years of 4.86%. This is in line with the industry average of 4.78%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.32% | ||
| ROE | 7.07% | ||
| ROIC | 4.02% |
ROA(3y)4.31%
ROA(5y)5.19%
ROE(3y)12.69%
ROE(5y)16.69%
ROIC(3y)4.86%
ROIC(5y)5.36%
1.3 Margins
EXR has a better Profit Margin (29.46%) than 70.00% of its industry peers.
EXR's Profit Margin has declined in the last couple of years.
The Operating Margin of EXR (43.33%) is better than 66.67% of its industry peers.
In the last couple of years the Operating Margin of EXR has declined.
EXR has a Gross Margin (71.25%) which is comparable to the rest of the industry.
EXR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 43.33% | ||
| PM (TTM) | 29.46% | ||
| GM | 71.25% |
OM growth 3Y-6.69%
OM growth 5Y-2.35%
PM growth 3Y-20.63%
PM growth 5Y-3.95%
GM growth 3Y-0.98%
GM growth 5Y-0.06%
2. Health
2.1 Basic Checks
EXR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, EXR has more shares outstanding
Compared to 5 years ago, EXR has more shares outstanding
The debt/assets ratio for EXR is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.26, we must say that EXR is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.26, EXR is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
The Debt to FCF ratio of EXR is 16.42, which is on the high side as it means it would take EXR, 16.42 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 16.42, EXR is in line with its industry, outperforming 50.00% of the companies in the same industry.
EXR has a Debt/Equity ratio of 0.94. This is a neutral value indicating EXR is somewhat dependend on debt financing.
EXR has a Debt to Equity ratio (0.94) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | 16.42 | ||
| Altman-Z | 1.26 |
ROIC/WACC0.54
WACC7.41%
2.3 Liquidity
EXR has a Current Ratio of 0.30. This is a bad value and indicates that EXR is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of EXR (0.30) is worse than 80.00% of its industry peers.
A Quick Ratio of 0.30 indicates that EXR may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.30, EXR is doing worse than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.3 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 8.47% over the past year.
EXR shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.33% yearly.
Looking at the last year, EXR shows a very strong growth in Revenue. The Revenue has grown by 27.21%.
Measured over the past years, EXR shows a very strong growth in Revenue. The Revenue has been growing by 20.01% on average per year.
EPS 1Y (TTM)8.47%
EPS 3Y-11.05%
EPS 5Y6.33%
EPS Q2Q%-14.29%
Revenue 1Y (TTM)27.21%
Revenue growth 3Y27.34%
Revenue growth 5Y20.01%
Sales Q2Q%3.48%
3.2 Future
EXR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.68% yearly.
Based on estimates for the next years, EXR will show a small growth in Revenue. The Revenue will grow by 3.58% on average per year.
EPS Next Y12.64%
EPS Next 2Y6.78%
EPS Next 3Y6.24%
EPS Next 5Y6.68%
Revenue Next Year1.52%
Revenue Next 2Y3.03%
Revenue Next 3Y4.51%
Revenue Next 5Y3.58%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
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
Based on the Price/Earnings ratio of 29.90, the valuation of EXR can be described as expensive.
Based on the Price/Earnings ratio, EXR is valued a bit cheaper than the industry average as 63.33% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.35. EXR is around the same levels.
Based on the Price/Forward Earnings ratio of 27.00, the valuation of EXR can be described as expensive.
EXR's Price/Forward Earnings ratio is in line with the industry average.
EXR is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 33.72, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.9 | ||
| Fwd PE | 27 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of EXR is on the same level as its industry peers.
EXR's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.16 | ||
| EV/EBITDA | 18.55 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates EXR does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.36
PEG (5Y)4.72
EPS Next 2Y6.78%
EPS Next 3Y6.24%
5. Dividend
5.1 Amount
EXR has a Yearly Dividend Yield of 4.94%, which is a nice return.
EXR's Dividend Yield is comparable with the industry average which is at 6.24.
Compared to an average S&P500 Dividend Yield of 2.36, EXR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.94% |
5.2 History
The dividend of EXR is nicely growing with an annual growth rate of 12.75%!
EXR has paid a dividend for at least 10 years, which is a reliable track record.
EXR has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)12.75%
Div Incr Years0
Div Non Decr Years15
5.3 Sustainability
141.12% of the earnings are spent on dividend by EXR. This is not a sustainable payout ratio.
EXR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP141.12%
EPS Next 2Y6.78%
EPS Next 3Y6.24%
133.93
+3.43 (+2.63%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners98.94%
Inst Owner Change-0.65%
Ins Owners0.9%
Ins Owner Change0.74%
Market Cap28.43B
Revenue(TTM)3.26B
Net Income(TTM)974.69M
Analysts69.6
Price Target160.65 (19.95%)
Short Float %1.82%
Short Ratio3.82
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.94% |
Yearly Dividend6.5
Dividend Growth(5Y)12.75%
DP141.12%
Div Incr Years0
Div Non Decr Years15
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.34%
Min EPS beat(2)1.04%
Max EPS beat(2)23.64%
EPS beat(4)3
Avg EPS beat(4)5.35%
Min EPS beat(4)-19.64%
Max EPS beat(4)23.64%
EPS beat(8)6
Avg EPS beat(8)6.42%
EPS beat(12)9
Avg EPS beat(12)4.81%
EPS beat(16)13
Avg EPS beat(16)8.4%
Revenue beat(2)0
Avg Revenue beat(2)-7.48%
Min Revenue beat(2)-8.65%
Max Revenue beat(2)-6.31%
Revenue beat(4)0
Avg Revenue beat(4)-7.46%
Min Revenue beat(4)-8.65%
Max Revenue beat(4)-6.31%
Revenue beat(8)1
Avg Revenue beat(8)-2.58%
Revenue beat(12)3
Avg Revenue beat(12)0.16%
Revenue beat(16)7
Avg Revenue beat(16)5.19%
PT rev (1m)-0.14%
PT rev (3m)-3.24%
EPS NQ rev (1m)0.95%
EPS NQ rev (3m)1.37%
EPS NY rev (1m)0.76%
EPS NY rev (3m)2.32%
Revenue NQ rev (1m)-0.03%
Revenue NQ rev (3m)0.35%
Revenue NY rev (1m)-0.55%
Revenue NY rev (3m)-0.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.9 | ||
| Fwd PE | 27 | ||
| P/S | 8.59 | ||
| P/FCF | 36.16 | ||
| P/OCF | 14.95 | ||
| P/B | 2.06 | ||
| P/tB | 2.09 | ||
| EV/EBITDA | 18.55 |
EPS(TTM)4.48
EY3.35%
EPS(NY)4.96
Fwd EY3.7%
FCF(TTM)3.7
FCFY2.77%
OCF(TTM)8.96
OCFY6.69%
SpS15.59
BVpS64.97
TBVpS64.07
PEG (NY)2.36
PEG (5Y)4.72
Graham Number80.93
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.32% | ||
| ROE | 7.07% | ||
| ROCE | 5.09% | ||
| ROIC | 4.02% | ||
| ROICexc | 4.04% | ||
| ROICexgc | 4.07% | ||
| OM | 43.33% | ||
| PM (TTM) | 29.46% | ||
| GM | 71.25% | ||
| FCFM | 23.76% |
ROA(3y)4.31%
ROA(5y)5.19%
ROE(3y)12.69%
ROE(5y)16.69%
ROIC(3y)4.86%
ROIC(5y)5.36%
ROICexc(3y)4.89%
ROICexc(5y)5.4%
ROICexgc(3y)4.99%
ROICexgc(5y)5.5%
ROCE(3y)6.15%
ROCE(5y)6.79%
ROICexgc growth 3Y-15.49%
ROICexgc growth 5Y-8.59%
ROICexc growth 3Y-15.27%
ROICexc growth 5Y-8.37%
OM growth 3Y-6.69%
OM growth 5Y-2.35%
PM growth 3Y-20.63%
PM growth 5Y-3.95%
GM growth 3Y-0.98%
GM growth 5Y-0.06%
F-Score5
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | 16.42 | ||
| Debt/EBITDA | 5.91 | ||
| Cap/Depr | 149% | ||
| Cap/Sales | 33.73% | ||
| Interest Coverage | 2.59 | ||
| Cash Conversion | 87.14% | ||
| Profit Quality | 80.65% | ||
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.3 | ||
| Altman-Z | 1.26 |
F-Score5
WACC7.41%
ROIC/WACC0.54
Cap/Depr(3y)221.95%
Cap/Depr(5y)275.25%
Cap/Sales(3y)37.71%
Cap/Sales(5y)44.84%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.47%
EPS 3Y-11.05%
EPS 5Y6.33%
EPS Q2Q%-14.29%
EPS Next Y12.64%
EPS Next 2Y6.78%
EPS Next 3Y6.24%
EPS Next 5Y6.68%
Revenue 1Y (TTM)27.21%
Revenue growth 3Y27.34%
Revenue growth 5Y20.01%
Sales Q2Q%3.48%
Revenue Next Year1.52%
Revenue Next 2Y3.03%
Revenue Next 3Y4.51%
Revenue Next 5Y3.58%
EBIT growth 1Y2.75%
EBIT growth 3Y18.82%
EBIT growth 5Y17.19%
EBIT Next Year51.03%
EBIT Next 3Y16.82%
EBIT Next 5Y12.01%
FCF growth 1Y399.44%
FCF growth 3YN/A
FCF growth 5Y29.67%
OCF growth 1Y54.98%
OCF growth 3Y25.61%
OCF growth 5Y21.68%
EXTRA SPACE STORAGE INC / EXR FAQ
What is the fundamental rating for EXR stock?
ChartMill assigns a fundamental rating of 4 / 10 to EXR.
Can you provide the valuation status for EXTRA SPACE STORAGE INC?
ChartMill assigns a valuation rating of 2 / 10 to EXTRA SPACE STORAGE INC (EXR). This can be considered as Overvalued.
What is the profitability of EXR stock?
EXTRA SPACE STORAGE INC (EXR) has a profitability rating of 5 / 10.
What are the PE and PB ratios of EXTRA SPACE STORAGE INC (EXR) stock?
The Price/Earnings (PE) ratio for EXTRA SPACE STORAGE INC (EXR) is 29.9 and the Price/Book (PB) ratio is 2.06.
Can you provide the financial health for EXR stock?
The financial health rating of EXTRA SPACE STORAGE INC (EXR) is 1 / 10.