Safestore Holdings
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UK’s largest self storage group with 146 stores Safestore has 119 self storage centres in the UK including two business centres and a further 27 stores in the Paris region. The last earnings update was 1 day ago. More info.
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SAFE Share Price and Events
7 Day Returns
1 Year Returns
SAFE Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Safestore Holdings (SAFE) | -6.2% | -6.2% | 2.4% | 14.2% | 54.3% | 205.5% |
| GB REITs | 0.2% | -2% | -2.7% | -7.8% | -8.4% | 7.5% |
| GB Market | 0.4% | 1.3% | 2% | -2.2% | 16.2% | 5.1% |
1 Year Return vs Industry and Market
- SAFE outperformed the REITs industry which returned -7.8% over the past year.
- SAFE outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -2.2% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Safestore Holdings
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Safestore Holdings.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations | |
| Levered Adjusted Funds From Operations | Average of 8 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 6.5% |
| Perpetual Growth Rate | 10-Year GB Government Bond Rate | 1.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year GB Govt Bond Rate | 1.2% |
| Equity Risk Premium | S&P Global | 6.7% |
| REITs Unlevered Beta | Simply Wall St/ S&P Global | 0.49 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.494 (1 + (1- 19%) (34.62%)) |
0.754 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.8 * 6.65%) |
6.55% |
Discounted Cash Flow Calculation for LSE:SAFE using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model
The calculations below outline how an intrinsic value for Safestore Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
Safestore Holdings is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.
| Adjusted Funds From Operations (AFFO) (GBP, Millions) | Source |
Present Value Discounted (@ 6.55%) |
|
|---|---|---|---|
| 2019 | 61.50 | Analyst x1 | 57.72 |
| 2020 | 65.50 | Analyst x1 | 57.70 |
| 2021 | 66.95 | Est @ 2.22% | 55.36 |
| 2022 | 68.24 | Est @ 1.92% | 52.95 |
| 2023 | 69.41 | Est @ 1.71% | 50.55 |
| 2024 | 70.50 | Est @ 1.57% | 48.19 |
| 2025 | 71.53 | Est @ 1.47% | 45.89 |
| 2026 | 72.53 | Est @ 1.39% | 43.67 |
| 2027 | 73.51 | Est @ 1.34% | 41.54 |
| 2028 | 74.47 | Est @ 1.31% | 39.50 |
| Present value of next 10 years cash flows | £493.06 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= £74.47 × (1 + 1.23%) ÷ (6.55% – 1.23%) |
£1,416.94 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= £1,416.94 ÷ (1 + 6.55%)10 |
£751.52 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= £493.06 + £751.52 |
£1,244.58 |
| Equity Value per Share (GBP) |
= Total value / Shares Outstanding
= £1,244.58 / 210.37 |
£5.92 |
| Calculation | Result | |
|---|---|---|
| Value per share (GBP) | From above. | £5.92 |
| Current discount | Discount to share price of
£6.11
= -1 x (£6.11 - £5.92) / £5.92 |
-3.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Safestore Holdings is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Safestore Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Safestore Holdings's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-04-30) in GBP | £0.61 |
| LSE:SAFE Share Price ** | LSE (2019-06-19) in GBP | £6.11 |
| United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio | Median Figure of 43 Publicly-Listed REITs Companies | 12.76x |
| United Kingdom of Great Britain and Northern Ireland Market PE Ratio | Median Figure of 789 Publicly-Listed Companies | 16.2x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Safestore Holdings.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = LSE:SAFE Share Price ÷ EPS (both in GBP) = 6.11 ÷ 0.61 |
10.09x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Safestore Holdings is good value based on earnings compared to the GB REITs industry average.
- Safestore Holdings is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does
Safestore Holdings's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 10.09x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts |
-12%per year |
| United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio | Median Figure of 23 Publicly-Listed REITs Companies | 0.86x |
| United Kingdom of Great Britain and Northern Ireland Market PEG Ratio | Median Figure of 576 Publicly-Listed Companies | 1.49x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 10.09x ÷ -12% |
-0.84x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Safestore Holdings earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Safestore Holdings's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-04-30) in GBP | £3.81 |
| LSE:SAFE Share Price * | LSE (2019-06-19) in GBP | £6.11 |
| United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio | Median Figure of 54 Publicly-Listed REITs Companies | 0.9x |
| United Kingdom of Great Britain and Northern Ireland Market PB Ratio | Median Figure of 1,371 Publicly-Listed Companies | 1.51x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = LSE:SAFE Share Price ÷ Book Value per Share (both in GBP) = 6.11 ÷ 3.81 |
1.61x |
* Primary Listing of Safestore Holdings.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Safestore Holdings is overvalued based on assets compared to the GB REITs industry average.
Value checks
We assess Safestore Holdings's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check) Safestore Holdings has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Safestore Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
- Safestore Holdings's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
- Safestore Holdings's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| LSE:SAFE Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts | -12% |
| LSE:SAFE Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts | 4.4% |
| United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate | Market Cap Weighted Average | 16.3% |
| United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate | Market Cap Weighted Average | 2.6% |
| United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate | Market Cap Weighted Average | 10.7% |
| United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate | Market Cap Weighted Average | 4.8% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-10-31 | 182 | 1 | ||
| 2022-10-31 | 173 | 1 | ||
| 2021-10-31 | 163 | 83 | 85 | 7 |
| 2020-10-31 | 157 | 79 | 104 | 8 |
| 2019-10-31 | 151 | 73 | 110 | 4 |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-04-30 | 148 | 65 | 127 |
| 2019-01-31 | 146 | 63 | 152 |
| 2018-10-31 | 144 | 61 | 177 |
| 2018-07-31 | 140 | 58 | 141 |
| 2018-04-30 | 137 | 55 | 104 |
| 2018-01-31 | 133 | 56 | 91 |
| 2017-10-31 | 130 | 56 | 78 |
| 2017-07-31 | 127 | 53 | 89 |
| 2017-04-30 | 124 | 51 | 101 |
| 2017-01-31 | 120 | 49 | 94 |
| 2016-10-31 | 115 | 47 | 87 |
| 2016-07-31 | 112 | 46 | 91 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
All data from Safestore Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-10-31 | ||||
| 2022-10-31 | ||||
| 2021-10-31 | 0.42 | 0.48 | 0.33 | 4.00 |
| 2020-10-31 | 0.40 | 0.47 | 0.31 | 4.00 |
| 2019-10-31 | 0.40 | 0.45 | 0.29 | 4.00 |
| Date (Data in GBP Millions) | EPS * |
|---|---|
| 2019-04-30 | 0.61 |
| 2019-01-31 | 0.72 |
| 2018-10-31 | 0.84 |
| 2018-07-31 | 0.67 |
| 2018-04-30 | 0.50 |
| 2018-01-31 | 0.44 |
| 2017-10-31 | 0.37 |
| 2017-07-31 | 0.43 |
| 2017-04-30 | 0.48 |
| 2017-01-31 | 0.45 |
| 2016-10-31 | 0.42 |
| 2016-07-31 | 0.44 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Safestore Holdings's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Safestore Holdings has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Safestore Holdings performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Safestore Holdings's year on year earnings growth rate has been positive over the past 5 years.
- Safestore Holdings's 1-year earnings growth exceeds its 5-year average (22.2% vs 16.9%)
- Safestore Holdings's earnings growth has exceeded the GB REITs industry average in the past year (22.2% vs 6.9%).
Earnings and Revenue History
All data from Safestore Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-04-30 | 147.80 | 127.10 | 17.00 | |
| 2019-01-31 | 145.85 | 152.15 | 16.85 | |
| 2018-10-31 | 143.90 | 177.20 | 16.70 | |
| 2018-07-31 | 140.20 | 140.60 | 15.60 | |
| 2018-04-30 | 136.50 | 104.00 | 14.50 | |
| 2018-01-31 | 133.20 | 91.15 | 13.45 | |
| 2017-10-31 | 129.90 | 78.30 | 12.40 | |
| 2017-07-31 | 126.90 | 89.40 | 12.05 | |
| 2017-04-30 | 123.90 | 100.50 | 11.70 | |
| 2017-01-31 | 119.65 | 93.95 | 11.45 | |
| 2016-10-31 | 115.40 | 87.40 | 11.20 | |
| 2016-07-31 | 111.95 | 91.00 | 11.90 | |
| 2016-04-30 | 108.50 | 94.60 | 12.60 | |
| 2016-01-31 | 106.65 | 101.65 | 12.05 | |
| 2015-10-31 | 104.80 | 108.70 | 11.50 | |
| 2015-07-31 | 103.10 | 105.25 | 11.80 | |
| 2015-04-30 | 101.40 | 101.80 | 12.10 | |
| 2015-01-31 | 99.65 | 74.30 | 12.60 | |
| 2014-10-31 | 97.90 | 46.80 | 13.10 | |
| 2014-07-31 | 96.90 | 42.70 | 13.15 | |
| 2014-04-30 | 95.90 | 38.60 | 13.20 | |
| 2014-01-31 | 96.00 | 73.55 | 14.55 | |
| 2013-10-31 | 96.10 | 108.50 | 15.90 | |
| 2013-07-31 | 96.78 | 90.80 | 18.74 | |
| 2013-04-30 | 97.47 | 73.10 | 21.58 | |
| 2013-01-31 | 98.13 | 32.65 | 18.14 | |
| 2012-10-31 | 98.80 | -7.80 | 14.70 | |
| 2012-07-31 | 98.38 | -2.72 | 11.25 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Safestore Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Safestore Holdings used its assets more efficiently than the GB REITs industry average last year based on Return on Assets.
- Safestore Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Safestore Holdings's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Safestore Holdings has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Safestore Holdings's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Safestore Holdings's finances.
The net worth of a company is the difference between its assets and liabilities.
- Safestore Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Safestore Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Safestore Holdings Company Filings, last reported 1 month ago.
| Date (Data in GBP Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-04-30 | 798.50 | 445.00 | 18.60 |
| 2019-01-31 | 798.50 | 445.00 | 18.60 |
| 2018-10-31 | 788.60 | 426.20 | 10.50 |
| 2018-07-31 | 788.60 | 426.20 | 10.50 |
| 2018-04-30 | 703.70 | 428.20 | 5.40 |
| 2018-01-31 | 703.70 | 428.20 | 5.40 |
| 2017-10-31 | 637.70 | 420.00 | 65.60 |
| 2017-07-31 | 637.70 | 420.00 | 65.60 |
| 2017-04-30 | 620.20 | 370.10 | 6.30 |
| 2017-01-31 | 620.20 | 370.10 | 6.30 |
| 2016-10-31 | 587.40 | 378.00 | 5.40 |
| 2016-07-31 | 587.40 | 378.00 | 5.40 |
| 2016-04-30 | 533.90 | 307.20 | 11.20 |
| 2016-01-31 | 533.90 | 307.20 | 11.20 |
| 2015-10-31 | 490.60 | 298.00 | 13.80 |
| 2015-07-31 | 490.60 | 298.00 | 13.80 |
| 2015-04-30 | 448.00 | 313.30 | 13.10 |
| 2015-01-31 | 448.00 | 313.30 | 13.10 |
| 2014-10-31 | 408.00 | 320.40 | 15.30 |
| 2014-07-31 | 408.00 | 320.40 | 15.30 |
| 2014-04-30 | 370.40 | 318.10 | 6.60 |
| 2014-01-31 | 370.40 | 318.10 | 6.60 |
| 2013-10-31 | 345.90 | 398.60 | 15.80 |
| 2013-07-31 | 345.90 | 398.60 | 15.80 |
| 2013-04-30 | 313.64 | 400.18 | 14.06 |
| 2013-01-31 | 313.64 | 400.18 | 14.06 |
| 2012-10-31 | 243.30 | 401.10 | 9.50 |
| 2012-07-31 | 243.30 | 401.10 | 9.50 |
- Safestore Holdings's level of debt (55.7%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (85.8% vs 55.7% today).
- Debt is not well covered by operating cash flow (14.7%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 5.5x coverage).
Financial health checks
We assess Safestore Holdings's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Safestore Holdings has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Safestore Holdings's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
£2,000 of
Safestore Holdings
shares you are expected to receive
£53
in your first year as a dividend.
Dividend Amount
- Safestore Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.99%).
- Safestore Holdings's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.43%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
| United Kingdom of Great Britain and Northern Ireland REITs Industry Average Dividend Yield | Market Cap Weighted Average of 49 Stocks | 4.3% |
| United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield | Market Cap Weighted Average of 705 Stocks | 4.2% |
| United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield | 25th Percentile | 2% |
| United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield | 75th Percentile | 5.4% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in £) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-10-31 | ||
| 2022-10-31 | 0.20 | 1.00 |
| 2021-10-31 | 0.19 | 10.00 |
| 2020-10-31 | 0.18 | 11.00 |
| 2019-10-31 | 0.17 | 11.00 |
| Date (Data in £) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-04 | 0.163 | 2.601 |
| 2019-02-08 | 0.163 | 2.757 |
| 2019-01-08 | 0.163 | 2.938 |
| 2018-03-21 | 0.140 | 2.614 |
| 2017-02-17 | 0.117 | 2.665 |
| 2017-01-09 | 0.117 | 3.181 |
| 2016-02-17 | 0.097 | 2.733 |
| 2016-01-21 | 0.097 | 2.877 |
| 2015-03-19 | 0.075 | 2.451 |
| 2014-01-31 | 0.058 | 2.557 |
| 2013-06-27 | 0.057 | 3.887 |
| 2013-01-30 | 0.057 | 4.474 |
| 2012-06-27 | 0.054 | 5.146 |
| 2012-02-22 | 0.053 | 4.611 |
| 2012-01-26 | 0.053 | 4.626 |
| 2011-06-23 | 0.050 | 4.682 |
| 2011-01-18 | 0.050 | 3.383 |
| 2010-01-29 | 0.047 | 3.680 |
| 2009-12-30 | 0.047 | 3.185 |
| 2009-06-30 | 0.047 | 3.729 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Safestore Holdings's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.9x coverage).
- Dividends after 3 years are expected to be thoroughly covered by earnings (348.4x coverage).
Income/ dividend checks
We assess Safestore Holdings's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Safestore Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Safestore Holdings has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | £1,590,000 |
| TENURE AS CEO | 5.8 years |
CEO Bio
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 been its Director since March 24, 2011. He joined Safestore Group in 1998 as President and Head of French Operations. He served as the President of Une Pièce En Plus' brand at Safestore Holdings plc. Mr. Vecchioli is a founding Director of French business and has overseen its growth to 26 stores in Paris operating under the `Une Pièce En Plus' brand. He has been an Executive Director at Safestore Holdings plc since March 23, 2011. He holds a Master of Finance degree from the University of Paris Dauphine.
CEO Compensation
- Frederic's compensation has been consistent with company performance over the past year, both up more than 20%.
- Frederic's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure
Average tenure of the Safestore Holdings management team in years:
- The average tenure for the Safestore Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Frederic Vecchioli
CEO & Director
£2M
5.8 yrs
Andy Jones
CFO & Director
£1M
51
6.1 yrs
David Davies
Business Development Director
10.4 yrs
Helen Bramall
Interim Company Secretary
Board of Directors Tenure
Average tenure and age of the Safestore Holdings board of directors in years:
- The tenure for the Safestore Holdings board of directors is about average.
Board of Directors
Alan Lewis
Non-Executive Chairman of the Board
£135K
5.4 yrs
Frederic Vecchioli
CEO & Director
£2M
8.3 yrs
Andy Jones
CFO & Director
£1M
51
6.4 yrs
Ian Krieger
Senior Independent Director
£53K
66
4.3 yrs
Claire Balmforth
Non-Executive Director
£53K
50
2.8 yrs
Jo Kenrick
Independent Non-Executive Director
£43K
52
4.7 yrs
Bill Oliver
Non-Executive Director
£43K
61
2.6 yrs
Who owns this company?
Recent Insider Trading
- Safestore Holdings insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (£) | Value (£) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 09. Apr 19 | Sell | Andrew Jones | Individual | 04. Apr 19 | 04. Apr 19 | -46,971 | £6.20 | £-291,244 | ||
| 09. Apr 19 | Sell | Frederic Vecchioli | Individual | 04. Apr 19 | 04. Apr 19 | -59,843 | £6.20 | £-371,057 | ||
| 25. Mar 19 | Buy | Ian Krieger | Individual | 22. Mar 19 | 22. Mar 19 | 10,000 | £5.96 | £59,576 | ||
Management checks
We assess Safestore Holdings's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Safestore Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Do Safestore Holdings's (LON:SAFE) Earnings Warrant Your Attention?
As a result, I'm encouraged by the fact that insiders own Safestore Holdings shares worth a considerable sum. … For growth investors like me, Safestore Holdings's raw rate of earnings growth is a beacon in the night. … Although Safestore Holdings certainly looks good to me, I would like it more if insiders were buying up shares.
Simply Wall St - – Full articleShould You Be Impressed By Safestore Holdings plc's (LON:SAFE) ROE?
The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Safestore Holdings: 22% = UK£177m ÷ UK£789m (Based on the trailing twelve months to October 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … How Does Debt Impact Return On Equity? … Combining Safestore Holdings's Debt And Its 22% Return On Equity While Safestore Holdings does have some debt, with debt to equity of just 0.54, we wouldn't say debt is excessive.
Simply Wall St - – Full articleDoes Safestore Holdings plc's (LON:SAFE) CEO Pay Reflect Performance?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … View our latest analysis for Safestore Holdings How Does Frederic Vecchioli's Compensation Compare With Similar Sized Companies? … According to our data, Safestore Holdings plc has a market capitalization of UK£1.4b, and pays its CEO total annual compensation worth UK£1.6m.
Simply Wall St - – Full articleWhy You Shouldn't Look At Safestore Holdings plc's (LON:SAFE) Bottom Line
real estate investment trust (REIT) based in Borehamwood, United Kingdom. … REIT shares give you ownership of the company than owns and manages various income-producing property, whether it be commercial, industrial or residential. … This term is very common in the REIT investing world as it provides a cleaner look at its cash flow from daily operations by excluding impact of one-off activities or non-cash items such as depreciation.
Simply Wall St - – Full articleShould You Consider Safestore Holdings plc (LON:SAFE)?
I've been keeping an eye on Safestore Holdings plc (LON:SAFE) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe SAFE has a lot to offer. … dividend-paying company
Simply Wall St - – Full articleNeed To Know: Safestore Holdings plc (LON:SAFE) Insiders Have Been Buying Shares
So we'll take a look at whether insiders have been buying or selling shares in Safestore Holdings plc (LON:SAFE). … The Last 12 Months Of Insider Transactions At Safestore Holdings. … Happily, the Safestore Holdings insider decided to buy shares at close to current prices
Simply Wall St - – Full articleCan You Imagine How Chuffed Safestore Holdings's (LON:SAFE) Shareholders Feel About Its 164% Share Price Gain?
One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Over half a decade, Safestore Holdings managed to grow its earnings per share at 7.9% a year. … This EPS growth is slower than the share price growth of 21% per year, over the same period.
Simply Wall St - – Full articleWhy Safestore Holdings plc (LON:SAFE) Looks Like A Quality Company
We'll use ROE to examine Safestore Holdings plc (LON:SAFE), by way of a worked example. … One way to conceptualize this, is that for each £1 of shareholders' equity it has, the company made £0.22 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleIs Safestore Holdings plc's (LON:SAFE) CEO Pay Justified?
In 2013 Frederic Vecchioli was appointed CEO of Safestore Holdings plc (LON:SAFE). … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Frederic Vecchioli's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleWhat You Need To Know Before Investing In Safestore Holdings plc (LON:SAFE)
real estate investment trust (REIT) based in Borehamwood, United Kingdom. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company. … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent
Simply Wall St - – Full articleCompany Info
Description
UK’s largest self storage group with 146 stores Safestore has 119 self storage centres in the UK including two business centres and a further 27 stores in the Paris region. Safestore was founded in the UK in 1998. It acquired the French business “Une Pièce en Plus” in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.
Details
| Name: | Safestore Holdings plc |
| SAFE | |
| Exchange: | LSE |
| Founded: | 1998 |
| £1,285,388,243 | |
| 210,374,508 | |
| Website: | http://www.safestore.com |
| Address: |
Safestore Holdings plc Brittanic House, Stirling Way, Borehamwood, Hertfordshire, WD6 2BT, United Kingdom |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| LSE | SAFE | Ordinary Shares | London Stock Exchange | GB | GBP | 09. Mar 2007 | |
| OTCPK | SFSH.F | Ordinary Shares | Pink Sheets LLC | US | USD | 09. Mar 2007 | |
| BATS-CHIXE | SAFEL | Ordinary Shares | BATS 'Chi-X Europe' | GB | GBP | 09. Mar 2007 |
Number of employees
Current staff
Industry
| Specialized REITs | |
| Real Estate |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/19 21:00 |
| End of day share price update: | 2019/06/19 00:00 |
| Last estimates confirmation: | 2019/06/19 |
| Last earnings filing: | 2019/06/18 |
| Last earnings reported: | 2019/04/30 |
| Last annual earnings reported: | 2018/10/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
