Safestore Holdings
Market Cap
UK£1.5b
Last Updated
2019/11/16 21:04 UTC
Data Sources
Company Financials +
Executive Summary
Safestore has 117 self storage centres and two business centres in the UK with a further 27 stores in the Paris region.
Snowflake
Fundamentals
Established dividend payer with proven track record.
Similar Companies
Share Price & News
How has Safestore Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SAFE has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
3.9%
SAFE
1.4%
GB REITs
-0.4%
GB Market
1 Year Return
37.1%
SAFE
6.8%
GB REITs
4.4%
GB Market
Return vs Industry: SAFE exceeded the UK REITs industry which returned 6.8% over the past year.
Return vs Market: SAFE exceeded the UK Market which returned 4.4% over the past year.
Shareholder returns
| SAFE | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.9% | 1.4% | -0.4% |
| 30 Day | 6.3% | -1.2% | 1.5% |
| 90 Day | 16.5% | 14.1% | 4.7% |
| 1 Year | 40.9%37.1% | 11.6%6.8% | 9.9%4.4% |
| 3 Year | 118.6%100.2% | 28.7%10.6% | 22.4%6.9% |
| 5 Year | 273.3%221.6% | 31.6%5.6% | 33.0%2.9% |
Price Volatility Vs. Market
How volatile is Safestore Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Investors Who Bought Safestore Holdings (LON:SAFE) Shares Five Years Ago Are Now Up 241%1 month ago | Simply Wall St
Here's Why I Think Safestore Holdings (LON:SAFE) Might Deserve Your Attention Today1 month ago | Simply Wall St
How Should Investors React To Safestore Holdings plc's (LON:SAFE) CEO Pay?Valuation
Is Safestore Holdings undervalued compared to its fair value and its price relative to the market?
11.98x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate SAFE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SAFE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SAFE is good value based on its PE Ratio (12x) compared to the REITs industry average (14.4x).
PE vs Market: SAFE is good value based on its PE Ratio (12x) compared to the UK market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: SAFE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SAFE is overvalued based on its PB Ratio (1.9x) compared to the GB REITs industry average (0.9x).
Next Steps
Future Growth
How is Safestore Holdings forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
-12.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SAFE's earnings are forecast to decline over the next 3 years (-12.8% per year).
Earnings vs Market: SAFE's earnings are forecast to decline over the next 3 years (-12.8% per year).
High Growth Earnings: SAFE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SAFE's revenue (3.9% per year) is forecast to grow faster than the UK market (3.6% per year).
High Growth Revenue: SAFE's revenue (3.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SAFE's Return on Equity is forecast to be low in 3 years time (7.5%).
Next Steps
Past Performance
How has Safestore Holdings performed over the past 5 years?
16.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SAFE has large one-off items impacting its financial results.
Growing Profit Margin: SAFE's current net profit margins (86%) are higher than last year (76.2%).
Past Earnings Growth Analysis
Earnings Trend: SAFE's earnings have grown by 16.9% per year over the past 5 years.
Accelerating Growth: SAFE's earnings growth over the past year (22.2%) exceeds its 5-year average (16.9% per year).
Earnings vs Industry: SAFE earnings growth over the past year (22.2%) exceeded the REITs industry -16.8%.
Return on Equity
High ROE: SAFE's Return on Equity (15.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Safestore Holdings's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: SAFE has a low level of unsold assets or inventory.
Debt Coverage by Assets: SAFE's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: SAFE's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if SAFE has a sufficient allowance for bad loans.
Low Risk Liabilities: SAFE reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if SAFE has an acceptable proportion of non-loan assets held.
Low Risk Deposits: SAFE has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if SAFE has an appropriate level of bad loans.
Next Steps
Dividend
What is Safestore Holdings's current dividend yield, its reliability and sustainability?
2.24%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SAFE's dividend (2.24%) is higher than the bottom 25% of dividend payers in the UK market (1.97%).
High Dividend: SAFE's dividend (2.24%) is low compared to the top 25% of dividend payers in the UK market (5.34%).
Stability and Growth of Payments
Stable Dividend: SAFE's dividends per share have been stable in the past 10 years.
Growing Dividend: SAFE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.1%), SAFE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SAFE's dividends in 3 years are forecast to be covered by earnings (59.8% payout ratio).
Next Steps
Management
What is the CEO of Safestore Holdings's salary, the management and board of directors tenure and is there insider trading?
6.5yrs
Average management tenure
CEO
Frederic Vecchioli (53yo)
6.2yrs
Tenure
UK£1,590,000
Compensation
Mr. Frederic Vecchioli serves as the Chief Executive Officer and Director of Safestore Limited. Mr. Vecchioli has been the Chief Executive Officer of Safestore Holdings plc since September 4, 2013 and has ...
CEO Compensation Analysis
Compensation vs Market: Frederic's total compensation ($USD2.05M) is about average for companies of similar size in the UK market ($USD1.82M).
Compensation vs Earnings: Frederic's compensation has been consistent with company performance over the past year.
Management Age and Tenure
6.5yrs
Average Tenure
Experienced Management: SAFE's management team is seasoned and experienced (6.5 years average tenure).
Board Age and Tenure
5.1yrs
Average Tenure
53yo
Average Age
Experienced Board: SAFE's board of directors are considered experienced (5.1 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer CEO & Director |
| Shares | 59,843 |
| Max Price | UK£6.20 |
| Entity | Individual |
| Role | Member of the Board of Directors CFO & Director |
| Shares | 46,971 |
| Max Price | UK£6.20 |
| Entity | Individual |
| Role | Lead Director Senior Independent Director |
| Shares | 10,000 |
| Max Price | UK£5.96 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Frederic Vecchioli (53yo)
CEO & Director
- Tenure: 6.2yrs
- Compensation: UK£1.59m
David Davies
Business Development Director
- Tenure: 10.8yrs
Andy Jones (52yo)
CFO & Director
- Tenure: 6.8yrs
- Compensation: UK£1.18m
Helen Bramall
Interim Company Secretary
- Tenure: 0yrs
Board Members
Alan Lewis (67yo)
Non-Executive Chairman of the Board
- Tenure: 5.8yrs
- Compensation: UK£135.00k
Jo Kenrick (53yo)
Independent Non-Executive Director
- Tenure: 5.1yrs
- Compensation: UK£43.00k
Bill Oliver (62yo)
Non-Executive Director
- Tenure: 3yrs
- Compensation: UK£43.00k
Claire Balmforth (51yo)
Non-Executive Director
- Tenure: 3.3yrs
- Compensation: UK£53.00k
Frederic Vecchioli (53yo)
CEO & Director
- Tenure: 6.2yrs
- Compensation: UK£1.59m
Ian Krieger (67yo)
Senior Independent Director
- Tenure: 4.7yrs
- Compensation: UK£53.00k
Andy Jones (52yo)
CFO & Director
- Tenure: 6.8yrs
- Compensation: UK£1.18m
Company Information
Safestore Holdings plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Safestore Holdings plc
- Ticker: SAFE
- Exchange: LSE
- Founded: 1998
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: UK£1.524b
- Shares outstanding: 210.42m
- Website: https://www.safestore.com
Number of Employees
Location
- Safestore Holdings plc
- Brittanic House
- Stirling Way
- Borehamwood
- Hertfordshire
- WD6 2BT
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SAFE | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Mar 2007 |
| SFSH.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Mar 2007 |
| SAFEL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Mar 2007 |
Biography
Safestore has 117 self storage centres and two business centres in the UK with a further 27 stores in the Paris region. Safestore was founded in the UK in 1998. It acquired the French business “Une Pièce e ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/16 21:04 |
| End of Day Share Price | 2019/11/15 00:00 |
| Earnings | 2019/04/30 |
| Annual Earnings | 2018/10/31 |
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 here.