NATIONAL STORAGE AFFILIATES (NSA) Fundamental Analysis & Valuation

NYSE:NSA • US6378701063

Current stock price

39.29 USD
+0.17 (+0.43%)
At close:
39.29 USD
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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

  • In the past year NSA was profitable.
  • NSA had a positive operating cash flow in the past year.
  • In the past 5 years NSA has always been profitable.
  • 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

  • With a Return On Assets value of 1.05%, NSA is not doing good in the industry: 67.86% of the companies in the same industry are doing better.
  • Looking at the Return On Equity, with a value of 5.63%, NSA is in line with its industry, outperforming 53.57% of the companies in the same 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 5.10%.
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

  • With a Profit Margin value of 7.07%, NSA is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
  • 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.
  • In the last couple of years the Operating Margin of NSA has grown nicely.
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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1

2. NSA Health Analysis

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.
  • Compared to 1 year ago, NSA has more shares outstanding
  • NSA has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, NSA has a worse debt to assets ratio.
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 0.57. This is a bad value and indicates that NSA is not financially healthy and even has some risk of bankruptcy.
  • NSA has a Altman-Z score of 0.57. This is in the lower half of the industry: NSA underperforms 75.00% of its industry peers.
  • NSA has a debt to FCF ratio of 12.36. This is a negative value and a sign of low solvency as NSA would need 12.36 years to pay back of all of its debts.
  • The Debt to FCF ratio of NSA (12.36) is better than 67.86% of its industry peers.
  • A Debt/Equity ratio of 3.60 is on the high side and indicates that NSA has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 3.60, NSA is doing worse than 67.86% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 3.6
Debt/FCF 12.36
Altman-Z 0.57
ROIC/WACC0.59
WACC7.49%
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 0.43. 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 0.43 is on the low side compared to the rest of the industry. NSA is outperformed by 64.29% of its industry peers.
  • A Quick Ratio of 0.43 indicates that NSA may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.43, NSA is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.43
Quick Ratio 0.43
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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3

3. NSA Growth Analysis

3.1 Past

  • The earnings per share for NSA have decreased strongly by -39.47% in the last year.
  • The Earnings Per Share has been growing slightly by 7.09% on average over the past years.
  • NSA shows a decrease in Revenue. In the last year, the revenue decreased by -2.26%.
  • Measured over the past years, NSA shows a quite strong growth in Revenue. The Revenue has been growing by 11.74% on average per year.
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 5.40% on average over the next years.
  • The Revenue is expected to grow by 4.40% on average over the next years.
EPS Next Y-2.51%
EPS Next 2Y0.68%
EPS Next 3Y5.4%
EPS Next 5YN/A
Revenue Next Year-0.67%
Revenue Next 2Y0.84%
Revenue Next 3Y2.62%
Revenue Next 5Y4.4%

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.
  • 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.
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 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 56.94 indicates a quite expensive valuation of NSA.
  • Compared to the rest of the industry, the Price/Earnings ratio of NSA indicates a slightly more expensive valuation: NSA is more expensive than 60.71% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.21, NSA is valued quite expensively.
  • NSA is valuated quite expensively with a Price/Forward Earnings ratio of 58.41.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NSA is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.13, NSA is valued quite expensively.
Industry RankSector Rank
PE 56.94
Fwd PE 58.41
NSA Price Earnings VS Forward Price EarningsNSA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NSA indicates a rather cheap valuation: NSA is cheaper than 89.29% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, NSA is valued cheaper than 100.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11
EV/EBITDA 13.7
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

PEG (NY)N/A
PEG (5Y)8.04
EPS Next 2Y0.68%
EPS Next 3Y5.4%

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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 6.15%, NSA is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 4.65, NSA pays a better dividend. On top of this NSA pays more dividend than 82.14% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, NSA pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.15%

5.2 History

  • On average, the dividend of NSA grows each year by 10.06%, which is quite nice.
  • 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 2Y0.68%
EPS Next 3Y5.4%
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 (4/6/2026, 8:04:00 PM)

After market: 39.29 0 (0%)

39.29

+0.17 (+0.43%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)02-25
Earnings (Next)05-04
Inst Owners103.04%
Inst Owner Change0%
Ins Owners7.98%
Ins Owner Change0%
Market Cap3.03B
Revenue(TTM)752.93M
Net Income(TTM)53.26M
Analysts67.06
Price Target36.42 (-7.3%)
Short Float %8.45%
Short Ratio2.75
Dividend
Industry RankSector Rank
Dividend Yield 6.15%
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)9.75%
PT rev (3m)8.1%
EPS NQ rev (1m)2.94%
EPS NQ rev (3m)-32.1%
EPS NY rev (1m)0%
EPS NY rev (3m)3.74%
Revenue NQ rev (1m)-1.76%
Revenue NQ rev (3m)-0.57%
Revenue NY rev (1m)-1.07%
Revenue NY rev (3m)-0.73%
Valuation
Industry RankSector Rank
PE 56.94
Fwd PE 58.41
P/S 4.02
P/FCF 11
P/OCF 8.95
P/B 3.2
P/tB 3.79
EV/EBITDA 13.7
EPS(TTM)0.69
EY1.76%
EPS(NY)0.67
Fwd EY1.71%
FCF(TTM)3.57
FCFY9.09%
OCF(TTM)4.39
OCFY11.17%
SpS9.76
BVpS12.27
TBVpS10.37
PEG (NY)N/A
PEG (5Y)8.04
Graham Number13.8
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 0.43
Quick Ratio 0.43
Altman-Z 0.57
F-Score4
WACC7.49%
ROIC/WACC0.59
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 Y-2.51%
EPS Next 2Y0.68%
EPS Next 3Y5.4%
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-0.67%
Revenue Next 2Y0.84%
Revenue Next 3Y2.62%
Revenue Next 5Y4.4%
EBIT growth 1Y-6.23%
EBIT growth 3Y-1.27%
EBIT growth 5Y13.63%
EBIT Next Year56.78%
EBIT Next 3Y19.11%
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 2 / 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 decline by -2.51% 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%.