NATIONAL STORAGE AFFILIATES (NSA) Stock Fundamental Analysis
USA - NYSE:NSA - US6378701063 - REIT
29.96 USD
-1.04 (-3.35%)
29.96 USD
0 (0%)
Overall NSA gets a fundamental rating of 3 out of 10. We evaluated NSA against 30 industry peers in the Specialized REITs industry. While NSA is still in line with the averages on profitability rating, there are concerns on its financial health. NSA has a expensive valuation and it also scores bad on growth. Finally NSA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year NSA was profitable.
In the past year NSA had a positive cash flow from operations.
NSA had positive earnings in each of the past 5 years.
Each year in the past 5 years NSA had a positive operating cash flow.
1.2 Ratios
NSA has a worse Return On Assets (0.91%) than 63.33% of its industry peers.
NSA has a Return On Equity (4.73%) which is comparable to the rest of the industry.
NSA's Return On Invested Capital of 4.46% is in line compared to the rest of the industry. NSA outperforms 56.67% of its industry peers.
NSA had an Average Return On Invested Capital over the past 3 years of 4.30%. This is in line with the industry average of 4.79%.
The 3 year average ROIC (4.30%) for NSA is below the current ROIC(4.46%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.91% | ||
| ROE | 4.73% | ||
| ROIC | 4.46% |
ROA(3y)1.84%
ROA(5y)1.63%
ROE(3y)7.87%
ROE(5y)6.49%
ROIC(3y)4.3%
ROIC(5y)3.88%
1.3 Margins
With a Profit Margin value of 6.23%, NSA perfoms like the industry average, outperforming 46.67% of the companies in the same industry.
In the last couple of years the Profit Margin of NSA has declined.
With a Operating Margin value of 37.59%, NSA perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
In the last couple of years the Operating Margin of NSA has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.59% | ||
| PM (TTM) | 6.23% | ||
| GM | N/A |
OM growth 3Y1.16%
OM growth 5Y3.36%
PM growth 3Y-9.08%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
NSA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
NSA has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, NSA has more shares outstanding
NSA has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.50, we must say that NSA is in the distress zone and has some risk of bankruptcy.
NSA has a Altman-Z score of 0.50. This is in the lower half of the industry: NSA underperforms 73.33% of its industry peers.
The Debt to FCF ratio of NSA is 14.66, which is on the high side as it means it would take NSA, 14.66 years of fcf income to pay off all of its debts.
NSA has a Debt to FCF ratio of 14.66. This is comparable to the rest of the industry: NSA outperforms 56.67% of its industry peers.
NSA has a Debt/Equity ratio of 3.40. This is a high value indicating a heavy dependency on external financing.
NSA has a Debt to Equity ratio of 3.40. This is in the lower half of the industry: NSA underperforms 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.4 | ||
| Debt/FCF | 14.66 | ||
| Altman-Z | 0.5 |
ROIC/WACC0.65
WACC6.85%
2.3 Liquidity
NSA has a Current Ratio of 0.47. 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 has a Current ratio of 0.47. This is in the lower half of the industry: NSA underperforms 66.67% of its industry peers.
A Quick Ratio of 0.47 indicates that NSA may have some problems paying its short term obligations.
The Quick ratio of NSA (0.47) is worse than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.47 | ||
| Quick Ratio | 0.47 |
3. Growth
3.1 Past
The earnings per share for NSA have decreased strongly by -65.36% in the last year.
The Earnings Per Share has been growing slightly by 6.27% on average over the past years.
The Revenue has decreased by -7.33% in the past year.
The Revenue has been growing by 14.71% on average over the past years. This is quite good.
EPS 1Y (TTM)-65.36%
EPS 3Y6.27%
EPS 5YN/A
EPS Q2Q%18.75%
Revenue 1Y (TTM)-7.33%
Revenue growth 3Y9.57%
Revenue growth 5Y14.71%
Sales Q2Q%-0.84%
3.2 Future
NSA is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -13.13% yearly.
Based on estimates for the next years, NSA will show a small growth in Revenue. The Revenue will grow by 3.10% on average per year.
EPS Next Y-44.01%
EPS Next 2Y-24.58%
EPS Next 3Y-13.13%
EPS Next 5YN/A
Revenue Next Year-3.4%
Revenue Next 2Y-0.7%
Revenue Next 3Y1.06%
Revenue Next 5Y3.1%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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
The Price/Earnings ratio is 48.32, which means the current valuation is very expensive for NSA.
Compared to the rest of the industry, the Price/Earnings ratio of NSA is on the same level as its industry peers.
NSA is valuated expensively when we compare the Price/Earnings ratio to 26.76, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 46.20, which means the current valuation is very expensive for NSA.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NSA is on the same level as its industry peers.
NSA is valuated expensively when we compare the Price/Forward Earnings ratio to 22.63, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.32 | ||
| Fwd PE | 46.2 |
4.2 Price Multiples
96.67% of the companies in the same industry are more expensive than NSA, based on the Enterprise Value to EBITDA ratio.
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.91 | ||
| EV/EBITDA | 12.05 |
4.3 Compensation for Growth
A cheap valuation may be justified as NSA's earnings are expected to decrease with -13.13% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-24.58%
EPS Next 3Y-13.13%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.16%, NSA is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.77, NSA pays a better dividend. On top of this NSA pays more dividend than 96.67% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.31, NSA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.16% |
5.2 History
On average, the dividend of NSA grows each year by 10.15%, which is quite nice.
NSA has paid a dividend for at least 10 years, which is a reliable track record.
As NSA did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)10.15%
Div Incr Years9
Div Non Decr Years9
5.3 Sustainability
NSA pays out 408.83% of its income as dividend. This is not a sustainable payout ratio.
NSA's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP408.83%
EPS Next 2Y-24.58%
EPS Next 3Y-13.13%
29.96
-1.04 (-3.35%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.18%
Inst Owner Change-0.22%
Ins Owners8.02%
Ins Owner Change0%
Market Cap2.30B
Revenue(TTM)760.93M
Net Income(TTM)47.39M
Analysts51.82
Price Target35.05 (16.99%)
Short Float %8.69%
Short Ratio5.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.16% |
Yearly Dividend2.42
Dividend Growth(5Y)10.15%
DP408.83%
Div Incr Years9
Div Non Decr Years9
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-26.2%
Min EPS beat(2)-43.42%
Max EPS beat(2)-8.98%
EPS beat(4)1
Avg EPS beat(4)-13.95%
Min EPS beat(4)-43.42%
Max EPS beat(4)11.39%
EPS beat(8)4
Avg EPS beat(8)28.58%
EPS beat(12)4
Avg EPS beat(12)14.56%
EPS beat(16)4
Avg EPS beat(16)2.75%
Revenue beat(2)1
Avg Revenue beat(2)-2.4%
Min Revenue beat(2)-8.32%
Max Revenue beat(2)3.53%
Revenue beat(4)3
Avg Revenue beat(4)-0.23%
Min Revenue beat(4)-8.32%
Max Revenue beat(4)3.53%
Revenue beat(8)7
Avg Revenue beat(8)0.92%
Revenue beat(12)11
Avg Revenue beat(12)1.61%
Revenue beat(16)15
Avg Revenue beat(16)2.08%
PT rev (1m)-1.34%
PT rev (3m)-8.92%
EPS NQ rev (1m)-11.11%
EPS NQ rev (3m)-22.35%
EPS NY rev (1m)-13.9%
EPS NY rev (3m)-19.66%
Revenue NQ rev (1m)-0.25%
Revenue NQ rev (3m)-1.7%
Revenue NY rev (1m)-0.24%
Revenue NY rev (3m)-0.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.32 | ||
| Fwd PE | 46.2 | ||
| P/S | 3.02 | ||
| P/FCF | 9.91 | ||
| P/OCF | 6.55 | ||
| P/B | 2.3 | ||
| P/tB | 2.7 | ||
| EV/EBITDA | 12.05 |
EPS(TTM)0.62
EY2.07%
EPS(NY)0.65
Fwd EY2.16%
FCF(TTM)3.02
FCFY10.09%
OCF(TTM)4.58
OCFY15.28%
SpS9.91
BVpS13.05
TBVpS11.09
PEG (NY)N/A
PEG (5Y)N/A
Graham Number13.49
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.91% | ||
| ROE | 4.73% | ||
| ROCE | 5.65% | ||
| ROIC | 4.46% | ||
| ROICexc | 4.48% | ||
| ROICexgc | 4.63% | ||
| OM | 37.59% | ||
| PM (TTM) | 6.23% | ||
| GM | N/A | ||
| FCFM | 30.49% |
ROA(3y)1.84%
ROA(5y)1.63%
ROE(3y)7.87%
ROE(5y)6.49%
ROIC(3y)4.3%
ROIC(5y)3.88%
ROICexc(3y)4.34%
ROICexc(5y)3.91%
ROICexgc(3y)4.44%
ROICexgc(5y)3.99%
ROCE(3y)5.44%
ROCE(5y)4.91%
ROICexgc growth 3Y13.51%
ROICexgc growth 5Y6.59%
ROICexc growth 3Y12.74%
ROICexc growth 5Y6.15%
OM growth 3Y1.16%
OM growth 5Y3.36%
PM growth 3Y-9.08%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.4 | ||
| Debt/FCF | 14.66 | ||
| Debt/EBITDA | 7.12 | ||
| Cap/Depr | 62.29% | ||
| Cap/Sales | 15.68% | ||
| Interest Coverage | 1.92 | ||
| Cash Conversion | 73.57% | ||
| Profit Quality | 489.63% | ||
| Current Ratio | 0.47 | ||
| Quick Ratio | 0.47 | ||
| Altman-Z | 0.5 |
F-Score3
WACC6.85%
ROIC/WACC0.65
Cap/Depr(3y)113.11%
Cap/Depr(5y)407.79%
Cap/Sales(3y)31.49%
Cap/Sales(5y)110.85%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-65.36%
EPS 3Y6.27%
EPS 5YN/A
EPS Q2Q%18.75%
EPS Next Y-44.01%
EPS Next 2Y-24.58%
EPS Next 3Y-13.13%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.33%
Revenue growth 3Y9.57%
Revenue growth 5Y14.71%
Sales Q2Q%-0.84%
Revenue Next Year-3.4%
Revenue Next 2Y-0.7%
Revenue Next 3Y1.06%
Revenue Next 5Y3.1%
EBIT growth 1Y-10.47%
EBIT growth 3Y10.84%
EBIT growth 5Y18.56%
EBIT Next Year45.21%
EBIT Next 3Y15.75%
EBIT Next 5Y11.93%
FCF growth 1Y329.4%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-19.23%
OCF growth 3Y3.09%
OCF growth 5Y13.05%
NATIONAL STORAGE AFFILIATES / NSA FAQ
What is the fundamental rating for NSA stock?
ChartMill assigns a fundamental rating of 3 / 10 to NSA.
Can you provide the valuation status for NATIONAL STORAGE AFFILIATES?
ChartMill assigns a valuation rating of 3 / 10 to NATIONAL STORAGE AFFILIATES (NSA). This can be considered as Overvalued.
What is the profitability of NSA stock?
NATIONAL STORAGE AFFILIATES (NSA) has a profitability rating of 4 / 10.
Can you provide the expected EPS growth for NSA stock?
The Earnings per Share (EPS) of NATIONAL STORAGE AFFILIATES (NSA) is expected to decline by -44.01% in the next year.
Is the dividend of NATIONAL STORAGE AFFILIATES sustainable?
The dividend rating of NATIONAL STORAGE AFFILIATES (NSA) is 7 / 10 and the dividend payout ratio is 408.83%.