EXTRA SPACE STORAGE INC (EXR) Stock Fundamental Analysis
USA - NYSE:EXR - US30225T1025 - REIT
150.26 USD
-0.55 (-0.36%)
150.26 USD
0 (0%)
EXR gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 30 industry peers in the Specialized REITs industry. EXR has a medium profitability rating, but doesn't score so well on its financial health evaluation. EXR is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year EXR was profitable.
In the past year EXR had a positive cash flow from operations.
In the past 5 years EXR has always been profitable.
EXR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
EXR's Return On Assets of 3.32% is fine compared to the rest of the industry. EXR outperforms 66.67% of its industry peers.
Looking at the Return On Equity, with a value of 7.07%, EXR is in the better half of the industry, outperforming 66.67% of the companies in the same 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 4.79%.
| 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's Profit Margin of 29.46% is fine compared to the rest of the industry. EXR outperforms 73.33% 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 70.00% of its industry peers.
EXR's Operating Margin has declined in the last couple of years.
EXR has a Gross Margin (71.25%) which is in line with its industry peers.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EXR is destroying value.
EXR has more shares outstanding than it did 1 year ago.
EXR has more shares outstanding than it did 5 years ago.
EXR has a worse debt/assets ratio than last year.
2.2 Solvency
EXR has an Altman-Z score of 1.42. This is a bad value and indicates that EXR is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of EXR (1.42) is better than 63.33% of its industry peers.
EXR has a debt to FCF ratio of 16.42. This is a negative value and a sign of low solvency as EXR would need 16.42 years to pay back of all of its debts.
EXR has a Debt to FCF ratio (16.42) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.94 indicates that 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 | 1.42 |
ROIC/WACC0.54
WACC7.44%
2.3 Liquidity
A Current Ratio of 0.30 indicates that EXR may have some problems paying its short term obligations.
EXR has a Current ratio of 0.30. This is amonst the worse of the industry: EXR underperforms 80.00% of its industry peers.
EXR has a Quick 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.
EXR has a worse Quick ratio (0.30) than 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.3 |
3. Growth
3.1 Past
EXR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.29%, which is quite good.
EXR shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.33% yearly.
The Revenue has been growing slightly by 4.83% in the past year.
The Revenue has been growing by 20.01% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)10.29%
EPS 3Y-11.05%
EPS 5Y6.33%
EPS Q2Q%-0.84%
Revenue 1Y (TTM)4.83%
Revenue growth 3Y27.34%
Revenue growth 5Y20.01%
Sales Q2Q%3.43%
3.2 Future
Based on estimates for the next years, EXR will show a small growth in Earnings Per Share. The EPS will grow by 6.68% on average per year.
EXR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.58% yearly.
EPS Next Y11.8%
EPS Next 2Y6.48%
EPS Next 3Y6.05%
EPS Next 5Y6.68%
Revenue Next Year2.09%
Revenue Next 2Y3.03%
Revenue Next 3Y4.52%
Revenue Next 5Y3.58%
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 stable.
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 32.59, the valuation of EXR can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of EXR is on the same level as its industry peers.
EXR's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.91.
A Price/Forward Earnings ratio of 30.47 indicates a quite expensive valuation of EXR.
63.33% of the companies in the same industry are more expensive than EXR, based on the Price/Forward Earnings ratio.
EXR's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 22.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.59 | ||
| Fwd PE | 30.47 |
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.
The rest of the industry has a similar Price/Free Cash Flow ratio as EXR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.57 | ||
| EV/EBITDA | 20.52 |
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)2.76
PEG (5Y)5.15
EPS Next 2Y6.48%
EPS Next 3Y6.05%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.30%, EXR is a good candidate for dividend investing.
EXR's Dividend Yield is slightly below the industry average, which is at 5.76.
Compared to an average S&P500 Dividend Yield of 2.34, EXR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.3% |
5.2 History
On average, the dividend of EXR grows each year by 12.75%, which is quite nice.
EXR has been paying a dividend for at least 10 years, so it has a reliable track record.
EXR has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)12.75%
Div Incr Years0
Div Non Decr Years15
5.3 Sustainability
EXR pays out 141.12% of its income as dividend. This is not a sustainable payout ratio.
The dividend of EXR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP141.12%
EPS Next 2Y6.48%
EPS Next 3Y6.05%
150.26
-0.55 (-0.36%)
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-0.05%
Ins Owners0.9%
Ins Owner Change0.74%
Market Cap31.89B
Revenue(TTM)3.31B
Net Income(TTM)974.69M
Analysts69.6
Price Target160.88 (7.07%)
Short Float %1.42%
Short Ratio2.97
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.3% |
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)-0.32%
PT rev (3m)-3.66%
EPS NQ rev (1m)0.36%
EPS NQ rev (3m)0.74%
EPS NY rev (1m)-6.82%
EPS NY rev (3m)1.55%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)0.41%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)-0.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.59 | ||
| Fwd PE | 30.47 | ||
| P/S | 9.64 | ||
| P/FCF | 40.57 | ||
| P/OCF | 16.77 | ||
| P/B | 2.31 | ||
| P/tB | 2.35 | ||
| EV/EBITDA | 20.52 |
EPS(TTM)4.61
EY3.07%
EPS(NY)4.93
Fwd EY3.28%
FCF(TTM)3.7
FCFY2.46%
OCF(TTM)8.96
OCFY5.96%
SpS15.59
BVpS64.97
TBVpS64.07
PEG (NY)2.76
PEG (5Y)5.15
Graham Number82.09
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 | 1.42 |
F-Score5
WACC7.44%
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)10.29%
EPS 3Y-11.05%
EPS 5Y6.33%
EPS Q2Q%-0.84%
EPS Next Y11.8%
EPS Next 2Y6.48%
EPS Next 3Y6.05%
EPS Next 5Y6.68%
Revenue 1Y (TTM)4.83%
Revenue growth 3Y27.34%
Revenue growth 5Y20.01%
Sales Q2Q%3.43%
Revenue Next Year2.09%
Revenue Next 2Y3.03%
Revenue Next 3Y4.52%
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 32.59 and the Price/Book (PB) ratio is 2.31.
Can you provide the financial health for EXR stock?
The financial health rating of EXTRA SPACE STORAGE INC (EXR) is 1 / 10.