NATIONAL STORAGE AFFILIATES (NSA) Fundamental Analysis & Valuation

NYSE:NSA • US6378701063

Current stock price

41.79 USD
-0.11 (-0.26%)
Last:

This NSA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. NSA Profitability Analysis

1.1 Basic Checks

  • NSA had positive earnings in the past year.
  • NSA had a positive operating cash flow in the past year.
  • NSA had positive earnings in each of the past 5 years.
  • In the past 5 years NSA always reported a positive cash flow from operatings.
NSA Yearly Net Income VS EBIT VS OCF VS FCFNSA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -500M -1B -1.5B

1.2 Ratios

  • NSA has a worse Return On Assets (1.05%) than 67.86% of its industry peers.
  • The Return On Equity of NSA (5.63%) is comparable to the rest of the industry.
  • NSA has a Return On Invested Capital (4.44%) which is comparable to the rest of the industry.
  • NSA had an Average Return On Invested Capital over the past 3 years of 4.50%. This is in line with the industry average of 5.09%.
Industry RankSector Rank
ROA 1.05%
ROE 5.63%
ROIC 4.44%
ROA(3y)1.69%
ROA(5y)1.64%
ROE(3y)7.92%
ROE(5y)6.89%
ROIC(3y)4.5%
ROIC(5y)4.09%
NSA Yearly ROA, ROE, ROICNSA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 4 6 8

1.3 Margins

  • NSA's Profit Margin of 7.07% is on the low side compared to the rest of the industry. NSA is outperformed by 64.29% of its industry peers.
  • In the last couple of years the Profit Margin of NSA has declined.
  • NSA has a Operating Margin of 37.01%. This is comparable to the rest of the industry: NSA outperforms 57.14% of its industry peers.
  • NSA's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 37.01%
PM (TTM) 7.07%
GM N/A
OM growth 3Y0.81%
OM growth 5Y1.69%
PM growth 3Y-14.35%
PM growth 5Y-2.92%
GM growth 3YN/A
GM growth 5YN/A
NSA Yearly Profit, Operating, Gross MarginsNSA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. NSA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NSA is destroying value.
  • Compared to 1 year ago, NSA has more shares outstanding
  • Compared to 5 years ago, NSA has more shares outstanding
  • NSA has a worse debt/assets ratio than last year.
NSA Yearly Shares OutstandingNSA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
NSA Yearly Total Debt VS Total AssetsNSA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • NSA has an Altman-Z score of 0.60. This is a bad value and indicates that NSA is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of NSA (0.60) is worse than 75.00% of its industry peers.
  • The Debt to FCF ratio of NSA is 12.36, which is on the high side as it means it would take NSA, 12.36 years of fcf income to pay off all of its debts.
  • NSA's Debt to FCF ratio of 12.36 is fine compared to the rest of the industry. NSA outperforms 71.43% of its industry peers.
  • NSA has a Debt/Equity ratio of 3.60. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 3.60, NSA is not doing good in the industry: 67.86% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 3.6
Debt/FCF 12.36
Altman-Z 0.6
ROIC/WACC0.6
WACC7.42%
NSA Yearly LT Debt VS Equity VS FCFNSA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B 3B

2.3 Liquidity

  • NSA has a Current Ratio of 0.46. This is a bad value and indicates that NSA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • NSA's Current ratio of 0.46 is on the low side compared to the rest of the industry. NSA is outperformed by 64.29% of its industry peers.
  • NSA has a Quick Ratio of 0.46. This is a bad value and indicates that NSA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.46, NSA is doing worse than 64.29% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.46
Quick Ratio 0.46
NSA Yearly Current Assets VS Current LiabilitesNSA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. NSA Growth Analysis

3.1 Past

  • NSA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -39.47%.
  • Measured over the past 5 years, NSA shows a small growth in Earnings Per Share. The EPS has been growing by 7.09% on average per year.
  • The Revenue has decreased by -2.26% in the past year.
  • NSA shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.74% yearly.
EPS 1Y (TTM)-39.47%
EPS 3Y-11.63%
EPS 5Y7.09%
EPS Q2Q%53.33%
Revenue 1Y (TTM)-2.26%
Revenue growth 3Y-2.07%
Revenue growth 5Y11.74%
Sales Q2Q%-1.62%

3.2 Future

  • The Earnings Per Share is expected to grow by 0.57% on average over the next years.
  • The Revenue is expected to grow by 4.12% on average over the next years.
EPS Next Y11.98%
EPS Next 2Y6.51%
EPS Next 3Y0.57%
EPS Next 5YN/A
Revenue Next Year-0.68%
Revenue Next 2Y0.84%
Revenue Next 3Y1.92%
Revenue Next 5Y4.12%

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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
NSA Yearly Revenue VS EstimatesNSA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 200M 400M 600M 800M
NSA Yearly EPS VS EstimatesNSA Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 1

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3

4. NSA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 60.57 indicates a quite expensive valuation of NSA.
  • Based on the Price/Earnings ratio, NSA is valued a bit more expensive than 64.29% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.91, NSA is valued quite expensively.
  • The Price/Forward Earnings ratio is 54.09, which means the current valuation is very expensive for NSA.
  • The rest of the industry has a similar Price/Forward Earnings ratio as NSA.
  • When comparing the Price/Forward Earnings ratio of NSA to the average of the S&P500 Index (21.99), we can say NSA is valued expensively.
Industry RankSector Rank
PE 60.57
Fwd PE 54.09
NSA Price Earnings VS Forward Price EarningsNSA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NSA is valued cheaply inside the industry as 89.29% of the companies are valued more expensively.
  • NSA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. NSA is cheaper than 100.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.7
EV/EBITDA 14.13
NSA Per share dataNSA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)5.06
PEG (5Y)8.55
EPS Next 2Y6.51%
EPS Next 3Y0.57%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. NSA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.23%, NSA is a good candidate for dividend investing.
  • NSA's Dividend Yield is a higher than the industry average which is at 4.26.
  • NSA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 5.23%

5.2 History

  • The dividend of NSA is nicely growing with an annual growth rate of 10.06%!
  • NSA has paid a dividend for at least 10 years, which is a reliable track record.
  • NSA has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)10.06%
Div Incr Years10
Div Non Decr Years10
NSA Yearly Dividends per shareNSA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • 366.83% of the earnings are spent on dividend by NSA. This is not a sustainable payout ratio.
  • NSA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP366.83%
EPS Next 2Y6.51%
EPS Next 3Y0.57%
NSA Yearly Income VS Free CF VS DividendNSA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -500M -1B -1.5B
NSA Dividend Payout.NSA Dividend Payout, showing the Payout Ratio.NSA Dividend Payout.PayoutRetained Earnings

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NSA Fundamentals: All Metrics, Ratios and Statistics

NATIONAL STORAGE AFFILIATES

NYSE:NSA (4/29/2026, 1:19:09 PM)

41.79

-0.11 (-0.26%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Industry Strength47.83
Industry Growth21.12
Earnings (Last)02-25
Earnings (Next)05-05
Inst Owners102.97%
Inst Owner Change-1.18%
Ins Owners7.77%
Ins Owner Change0%
Market Cap3.22B
Revenue(TTM)752.93M
Net Income(TTM)53.26M
Analysts67.06
Price Target36.85 (-11.82%)
Short Float %5.51%
Short Ratio1.99
Dividend
Industry RankSector Rank
Dividend Yield 5.23%
Yearly Dividend2.55
Dividend Growth(5Y)10.06%
DP366.83%
Div Incr Years10
Div Non Decr Years10
Ex-Date03-13
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)14.79%
Min EPS beat(2)-4.37%
Max EPS beat(2)33.95%
EPS beat(4)1
Avg EPS beat(4)-5.7%
Min EPS beat(4)-43.42%
Max EPS beat(4)33.95%
EPS beat(8)3
Avg EPS beat(8)-0.54%
EPS beat(12)5
Avg EPS beat(12)20.06%
EPS beat(16)5
Avg EPS beat(16)8.33%
Revenue beat(2)2
Avg Revenue beat(2)1.69%
Min Revenue beat(2)1.16%
Max Revenue beat(2)2.22%
Revenue beat(4)3
Avg Revenue beat(4)-0.35%
Min Revenue beat(4)-8.32%
Max Revenue beat(4)3.53%
Revenue beat(8)7
Avg Revenue beat(8)0.59%
Revenue beat(12)11
Avg Revenue beat(12)1.03%
Revenue beat(16)15
Avg Revenue beat(16)1.9%
PT rev (1m)11.03%
PT rev (3m)9.8%
EPS NQ rev (1m)3.28%
EPS NQ rev (3m)-3.57%
EPS NY rev (1m)14.86%
EPS NY rev (3m)18.79%
Revenue NQ rev (1m)-1.2%
Revenue NQ rev (3m)-0.76%
Revenue NY rev (1m)-0.53%
Revenue NY rev (3m)-1.09%
Valuation
Industry RankSector Rank
PE 60.57
Fwd PE 54.09
P/S 4.28
P/FCF 11.7
P/OCF 9.52
P/B 3.41
P/tB 4.03
EV/EBITDA 14.13
EPS(TTM)0.69
EY1.65%
EPS(NY)0.77
Fwd EY1.85%
FCF(TTM)3.57
FCFY8.55%
OCF(TTM)4.39
OCFY10.5%
SpS9.76
BVpS12.26
TBVpS10.37
PEG (NY)5.06
PEG (5Y)8.55
Graham Number13.7984 (-66.98%)
Profitability
Industry RankSector Rank
ROA 1.05%
ROE 5.63%
ROCE 5.61%
ROIC 4.44%
ROICexc 4.46%
ROICexgc 4.6%
OM 37.01%
PM (TTM) 7.07%
GM N/A
FCFM 36.59%
ROA(3y)1.69%
ROA(5y)1.64%
ROE(3y)7.92%
ROE(5y)6.89%
ROIC(3y)4.5%
ROIC(5y)4.09%
ROICexc(3y)4.53%
ROICexc(5y)4.12%
ROICexgc(3y)4.66%
ROICexgc(5y)4.22%
ROCE(3y)5.69%
ROCE(5y)5.18%
ROICexgc growth 3Y5.39%
ROICexgc growth 5Y5.96%
ROICexc growth 3Y4.92%
ROICexc growth 5Y5.59%
OM growth 3Y0.81%
OM growth 5Y1.69%
PM growth 3Y-14.35%
PM growth 5Y-2.92%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.15
Health
Industry RankSector Rank
Debt/Equity 3.6
Debt/FCF 12.36
Debt/EBITDA 7.28
Cap/Depr 33.29%
Cap/Sales 8.37%
Interest Coverage 1.78
Cash Conversion 72.34%
Profit Quality 517.24%
Current Ratio 0.46
Quick Ratio 0.46
Altman-Z 0.6
F-Score4
WACC7.42%
ROIC/WACC0.6
Cap/Depr(3y)46.99%
Cap/Depr(5y)326.84%
Cap/Sales(3y)11.82%
Cap/Sales(5y)88.77%
Profit Quality(3y)344.63%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-39.47%
EPS 3Y-11.63%
EPS 5Y7.09%
EPS Q2Q%53.33%
EPS Next Y11.98%
EPS Next 2Y6.51%
EPS Next 3Y0.57%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.26%
Revenue growth 3Y-2.07%
Revenue growth 5Y11.74%
Sales Q2Q%-1.62%
Revenue Next Year-0.68%
Revenue Next 2Y0.84%
Revenue Next 3Y1.92%
Revenue Next 5Y4.12%
EBIT growth 1Y-6.23%
EBIT growth 3Y-1.27%
EBIT growth 5Y13.63%
EBIT Next Year56.3%
EBIT Next 3Y11.05%
EBIT Next 5YN/A
FCF growth 1Y12.36%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-6.77%
OCF growth 3Y-8.64%
OCF growth 5Y8.94%

NATIONAL STORAGE AFFILIATES / NSA Fundamental Analysis FAQ

What is the fundamental rating for NSA stock?

ChartMill assigns a fundamental rating of 3 / 10 to NSA.


What is the valuation status for NSA stock?

ChartMill assigns a valuation rating of 3 / 10 to NATIONAL STORAGE AFFILIATES (NSA). This can be considered as Overvalued.


How profitable is NATIONAL STORAGE AFFILIATES (NSA) stock?

NATIONAL STORAGE AFFILIATES (NSA) has a profitability rating of 4 / 10.


What is the expected EPS growth for NATIONAL STORAGE AFFILIATES (NSA) stock?

The Earnings per Share (EPS) of NATIONAL STORAGE AFFILIATES (NSA) is expected to grow by 11.98% in the next year.


Can you provide the dividend sustainability for NSA stock?

The dividend rating of NATIONAL STORAGE AFFILIATES (NSA) is 7 / 10 and the dividend payout ratio is 366.83%.