EXTRA SPACE STORAGE INC (EXR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:EXR - US30225T1025 - REIT
133.88 USD
-1.58 (-1.17%)
133.88 USD
0 (0%)
Overall EXR gets a fundamental rating of 4 out of 10. We evaluated EXR against 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. While showing a medium growth rate, EXR is valued expensive at the moment.
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.
EXR had positive earnings in each of the past 5 years.
EXR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
EXR has a Return On Assets of 3.24%. This is in the better half of the industry: EXR outperforms 66.67% of its industry peers.
EXR's Return On Equity of 6.96% is in line compared to the rest of the industry. EXR outperforms 60.00% of its industry peers.
With a Return On Invested Capital value of 4.10%, EXR perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for EXR is in line with the industry average of 4.86%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.24% | ||
| ROE | 6.96% | ||
| ROIC | 4.1% |
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 Profit Margin of 28.35%. This is in the better half of the industry: EXR outperforms 70.00% of its industry peers.
In the last couple of years the Profit Margin of EXR has declined.
EXR has a better Operating Margin (43.52%) than 70.00% of its industry peers.
EXR's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 70.74%, EXR perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
EXR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 43.52% | ||
| PM (TTM) | 28.35% | ||
| GM | 70.74% |
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
The number of shares outstanding for EXR has been increased compared to 5 years ago.
EXR has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.29, we must say that EXR is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of EXR (1.29) is better than 70.00% of its industry peers.
EXR has a debt to FCF ratio of 15.11. This is a negative value and a sign of low solvency as EXR would need 15.11 years to pay back of all of its debts.
With a Debt to FCF ratio value of 15.11, EXR perfoms like the industry average, outperforming 53.33% of the companies in the same industry.
EXR has a Debt/Equity ratio of 0.95. This is a neutral value indicating EXR is somewhat dependend on debt financing.
EXR has a Debt to Equity ratio (0.95) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | 15.11 | ||
| Altman-Z | 1.29 |
ROIC/WACC0.54
WACC7.62%
2.3 Liquidity
A Current Ratio of 0.32 indicates that EXR may have some problems paying its short term obligations.
EXR has a Current ratio of 0.32. This is in the lower half of the industry: EXR underperforms 76.67% of its industry peers.
A Quick Ratio of 0.32 indicates that EXR may have some problems paying its short term obligations.
EXR has a Quick ratio of 0.32. This is in the lower half of the industry: EXR underperforms 76.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.32 | ||
| Quick Ratio | 0.32 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 8.47% over the past year.
The Earnings Per Share has been growing slightly by 6.33% on average over the past years.
Looking at the last year, EXR shows a small growth in Revenue. The Revenue has grown by 3.38% in the last year.
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)3.38%
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.
The Revenue is expected to grow by 3.58% on average over the next years.
EPS Next Y11.25%
EPS Next 2Y6.84%
EPS Next 3Y6.16%
EPS Next 5Y6.68%
Revenue Next Year1.59%
Revenue Next 2Y2.97%
Revenue Next 3Y3.85%
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.
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 29.88, the valuation of EXR can be described as expensive.
EXR's Price/Earnings is on the same level as the industry average.
EXR's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.92.
The Price/Forward Earnings ratio is 26.96, which means the current valuation is very expensive for EXR.
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 23.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.88 | ||
| Fwd PE | 26.96 |
4.2 Price Multiples
EXR's Enterprise Value to EBITDA ratio is in line with the industry average.
EXR's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.27 | ||
| EV/EBITDA | 19.01 |
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)2.66
PEG (5Y)4.72
EPS Next 2Y6.84%
EPS Next 3Y6.16%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.98%, EXR is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.69, EXR has a dividend in line with its industry peers.
EXR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.98% |
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 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
EXR pays out 145.22% 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.
DP145.22%
EPS Next 2Y6.84%
EPS Next 3Y6.16%
133.88
-1.58 (-1.17%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners99.18%
Inst Owner Change0%
Ins Owners0.9%
Ins Owner Change-0.02%
Market Cap28.42B
Revenue(TTM)3.34B
Net Income(TTM)947.44M
Analysts69.6
Price Target155.85 (16.41%)
Short Float %2.76%
Short Ratio4.83
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.98% |
Yearly Dividend6.5
Dividend Growth(5Y)12.75%
DP145.22%
Div Incr Years0
Div Non Decr Years15
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-17.3%
Min EPS beat(2)-35.64%
Max EPS beat(2)1.04%
EPS beat(4)3
Avg EPS beat(4)1.35%
Min EPS beat(4)-35.64%
Max EPS beat(4)23.64%
EPS beat(8)5
Avg EPS beat(8)-2.01%
EPS beat(12)8
Avg EPS beat(12)1.62%
EPS beat(16)12
Avg EPS beat(16)5.31%
Revenue beat(2)0
Avg Revenue beat(2)-6.46%
Min Revenue beat(2)-6.61%
Max Revenue beat(2)-6.31%
Revenue beat(4)0
Avg Revenue beat(4)-7.35%
Min Revenue beat(4)-8.65%
Max Revenue beat(4)-6.31%
Revenue beat(8)0
Avg Revenue beat(8)-6.42%
Revenue beat(12)2
Avg Revenue beat(12)-1.84%
Revenue beat(16)6
Avg Revenue beat(16)3.36%
PT rev (1m)-2.75%
PT rev (3m)-3.13%
EPS NQ rev (1m)-0.42%
EPS NQ rev (3m)1.51%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.49%
Revenue NQ rev (1m)1.36%
Revenue NQ rev (3m)1.3%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)-0.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.88 | ||
| Fwd PE | 26.96 | ||
| P/S | 8.5 | ||
| P/FCF | 33.27 | ||
| P/OCF | 15.03 | ||
| P/B | 2.09 | ||
| P/tB | 2.12 | ||
| EV/EBITDA | 19.01 |
EPS(TTM)4.48
EY3.35%
EPS(NY)4.97
Fwd EY3.71%
FCF(TTM)4.02
FCFY3.01%
OCF(TTM)8.91
OCFY6.65%
SpS15.75
BVpS64.16
TBVpS63.28
PEG (NY)2.66
PEG (5Y)4.72
Graham Number80.42
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.24% | ||
| ROE | 6.96% | ||
| ROCE | 5.19% | ||
| ROIC | 4.1% | ||
| ROICexc | 4.12% | ||
| ROICexgc | 4.15% | ||
| OM | 43.52% | ||
| PM (TTM) | 28.35% | ||
| GM | 70.74% | ||
| FCFM | 25.55% |
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-Score6
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | 15.11 | ||
| Debt/EBITDA | 5.9 | ||
| Cap/Depr | 141.76% | ||
| Cap/Sales | 31.02% | ||
| Interest Coverage | 2.64 | ||
| Cash Conversion | 86.5% | ||
| Profit Quality | 90.14% | ||
| Current Ratio | 0.32 | ||
| Quick Ratio | 0.32 | ||
| Altman-Z | 1.29 |
F-Score6
WACC7.62%
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 Y11.25%
EPS Next 2Y6.84%
EPS Next 3Y6.16%
EPS Next 5Y6.68%
Revenue 1Y (TTM)3.38%
Revenue growth 3Y27.34%
Revenue growth 5Y20.01%
Sales Q2Q%3.48%
Revenue Next Year1.59%
Revenue Next 2Y2.97%
Revenue Next 3Y3.85%
Revenue Next 5Y3.58%
EBIT growth 1Y3.53%
EBIT growth 3Y18.82%
EBIT growth 5Y17.19%
EBIT Next Year48.84%
EBIT Next 3Y16.91%
EBIT Next 5Y12.01%
FCF growth 1Y-0.03%
FCF growth 3YN/A
FCF growth 5Y29.67%
OCF growth 1Y42.36%
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.
What is the valuation status of EXTRA SPACE STORAGE INC (EXR) stock?
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 is the earnings growth outlook for EXTRA SPACE STORAGE INC?
The Earnings per Share (EPS) of EXTRA SPACE STORAGE INC (EXR) is expected to grow by 11.25% in the next year.
Is the dividend of EXTRA SPACE STORAGE INC sustainable?
The dividend rating of EXTRA SPACE STORAGE INC (EXR) is 6 / 10 and the dividend payout ratio is 145.22%.