CubeSmart

DB:UK8 Stock Report

Market Cap: €8.6b

CubeSmart Valuation

Is UK8 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of UK8 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€72.93
Fair Value
47.9% undervalued intrinsic discount
15
Number of Analysts

Below Fair Value: UK8 (€38.03) is trading below our estimate of fair value (€72.93)

Significantly Below Fair Value: UK8 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for UK8?

Key metric: As UK8 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for UK8. This is calculated by dividing UK8's market cap by their current earnings.
What is UK8's PE Ratio?
PE Ratio24.3x
EarningsUS$391.18m
Market CapUS$9.33b

Price to Earnings Ratio vs Peers

How does UK8's PE Ratio compare to its peers?

The above table shows the PE ratio for UK8 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.7x
NSA National Storage Affiliates Trust
30.8x-19.5%US$4.7b
SHUR Shurgard Self Storage
8x-10.8%€3.2b
HABA Hamborner REIT
29.1x-1.1%€475.0m
BYG Big Yellow Group
6.8x-2.8%UK£1.8b
UK8 CubeSmart
24.3x2.3%€9.3b

Price-To-Earnings vs Peers: UK8 is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the peer average (18.7x).

Price to Earnings Ratio vs Industry

How does UK8's PE Ratio compare vs other companies in the Global Specialized REITs Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
UK8 24.3xIndustry Avg. 17.4xNo. of Companies8PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: UK8 is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the Global Specialized REITs industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is UK8's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

UK8 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate UK8's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst UK8 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€37.91
€43.07
+13.6%
4.2%€46.86€40.43n/a15
Mar ’26€39.55
€46.76
+18.2%
5.8%€51.10€42.42n/a14
Feb ’26€40.14
€47.96
+19.5%
5.5%€51.57€43.79n/a14
Jan ’26€40.18
€48.90
+21.7%
4.6%€52.14€44.41n/a14
Dec ’25€46.55
€48.74
+4.7%
5.0%€53.95€43.54n/a14
Nov ’25€43.35
€48.64
+12.2%
6.7%€57.21€42.45n/a14
Oct ’25€47.79
€47.18
-1.3%
9.1%€55.79€36.00n/a14
Sep ’25€46.69
€45.47
-2.6%
7.9%€49.48€35.99n/a13
Aug ’25€44.15
€43.79
-0.8%
7.2%€48.86€36.88n/a12
Jul ’25€40.62
€42.71
+5.1%
7.5%€49.48€37.34n/a12
Jun ’25€38.60
€42.44
+9.9%
7.6%€49.07€37.04n/a12
May ’25€38.34
€43.48
+13.4%
7.9%€49.65€37.47n/a12
Apr ’25€41.80
€42.78
+2.3%
8.3%€48.93€36.93n/a12
Mar ’25€40.40
€43.16
+6.8%
8.9%€49.19€37.12€39.5512
Feb ’25€40.20
€43.32
+7.8%
9.6%€48.93€36.93€40.1412
Jan ’25€42.40
€42.16
-0.6%
8.8%€48.01€36.23€40.1811
Dec ’24€37.40
€39.79
+6.4%
10.8%€46.89€34.02€46.5511
Nov ’24€32.00
€41.70
+30.3%
10.5%€48.04€34.85€43.3511
Oct ’24€36.00
€44.66
+24.1%
6.8%€50.72€41.33€47.7911
Sep ’24€38.40
€44.33
+15.4%
6.0%€49.77€40.55€46.6911
Aug ’24€38.80
€45.98
+18.5%
9.0%€57.91€42.53€44.1511
Jul ’24€40.80
€46.74
+14.6%
9.0%€58.65€43.07€40.6211
Jun ’24€41.00
€48.09
+17.3%
9.4%€59.76€43.88€38.6010
May ’24€41.20
€47.19
+14.5%
8.9%€58.08€42.65€38.3410
Apr ’24€42.40
€47.44
+11.9%
8.9%€59.00€43.33€41.8011
Mar ’24€44.20
€45.53
+3.0%
7.8%€51.58€38.45€40.4011
Analyst Price Target
Consensus Narrative from 15 Analysts
€42.77
Fair Value
11.1% undervalued intrinsic discount
15
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/14 06:10
End of Day Share Price 2025/03/14 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CubeSmart is covered by 30 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard MilliganBaird
Brendan LynchBarclays
Keegan CarlBerenberg