Shurgard Self Storage Ltd

BATS-CHIXE:SHURB Stock Report

Market Cap: €4.1b

Shurgard Self Storage Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 SHURB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SHURB (€41.85) is trading below our estimate of fair value (€60.41)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SHURB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue13.3x
Enterprise Value/EBITDA23.3x
PEG Ratio-1.1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SHURB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.8x
BYG Big Yellow Group
10.5x-1.2%UK£2.5b
SAFE Safestore Holdings
7.5x-3.9%UK£2.0b
BBOX Tritax Big Box REIT
25.6x25.9%UK£4.0b
LMP LondonMetric Property
35.6x24.8%UK£4.2b
SHURB Shurgard Self Storage
10.1x-9.6%€4.1b

Price-To-Earnings vs Peers: SHURB is good value based on its Price-To-Earnings Ratio (10.1x) compared to the peer average (19.8x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.8%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.8%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: SHURB is good value based on its Price-To-Earnings Ratio (10.1x) compared to the Global Specialized REITs industry average (23.1x).


Price to Earnings Ratio vs Fair Ratio

What is SHURB'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.

SHURB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SHURB'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 SHURB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€41.85
€46.96
+12.2%
10.9%€55.00€35.00n/a14
Sep ’25n/a
€46.76
0%
11.8%€55.00€35.00n/a13
Aug ’25n/a
€45.99
0%
11.4%€54.00€35.00n/a12
Jul ’25€36.35
€46.04
+26.7%
11.3%€54.00€35.00n/a12
Jun ’25n/a
€46.50
0%
11.3%€54.00€35.00n/a13
May ’25n/a
€46.65
0%
11.1%€54.00€35.00n/a13
Apr ’25€40.40
€47.28
+17.0%
11.9%€58.00€35.00n/a13
Mar ’25n/a
€46.79
0%
12.9%€58.00€34.00n/a14
Feb ’25€42.80
€45.92
+7.3%
11.7%€53.00€34.00n/a13
Jan ’25n/a
€43.42
0%
14.1%€53.00€30.00n/a13
Dec ’24€39.41
€43.27
+9.8%
14.0%€53.00€30.00n/a13
Nov ’24n/a
€46.12
0%
13.2%€58.00€37.00n/a13
Oct ’24n/a
€46.11
0%
12.7%€58.00€37.00n/a14
Sep ’24n/a
€46.81
0%
13.3%€58.00€37.00n/a13
Aug ’24n/a
€47.05
0%
10.9%€53.00€37.00n/a11
Jul ’24n/a
€47.14
0%
11.0%€53.00€37.00€36.3511
Jun ’24€43.21
€47.14
+9.1%
11.0%€53.00€37.00n/a11
May ’24€46.79
€46.65
-0.3%
11.5%€53.00€37.00n/a10
Apr ’24€43.42
€46.40
+6.9%
11.0%€53.00€37.00€40.4010
Mar ’24€45.30
€46.60
+2.9%
11.4%€53.00€37.00n/a10
Feb ’24€44.75
€46.10
+3.0%
11.1%€53.00€37.00€42.8010
Jan ’24€42.90
€48.55
+13.2%
7.8%€53.00€41.00n/a10
Dec ’23€42.45
€49.41
+16.4%
9.1%€58.00€41.00€39.4111
Nov ’23€44.60
€49.41
+10.8%
9.1%€58.00€41.00n/a11
Oct ’23€41.65
€51.15
+22.8%
10.1%€62.00€46.00n/a10
Sep ’23€48.90
€54.75
+12.0%
10.0%€65.00€48.00n/a10

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


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