National Storage Affiliates Trust

BMV:NSA * Stock Report

Market Cap: Mex$72.2b

National Storage Affiliates Trust Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: NSA * (MX$712) is trading below our estimate of fair value (MX$1088.05)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NSA *. This is calculated by dividing NSA *'s market cap by their current earnings.
What is NSA *'s PE Ratio?
PE Ratio21.3x
EarningsUS$137.59m
Market CapUS$4.33b

Price to Earnings Ratio vs Peers

How does NSA *'s PE Ratio compare to its peers?

The above table shows the PE ratio for NSA * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.2x
EDUCA 18 Fideicomiso Irrevocable No. F/3277 en Banco Invex S. A. Institución de Banca Múltiple INVEX Grupo
18.1xn/aMex$69.6b
FSITES 20 Fideicomiso Opsimex
62.7xn/aMex$88.1b
FUNO 11 Fibra UNO
7.5x-1.5%Mex$86.1b
FIBRAPL 14 FIBRA Prologis
4.6x-63.6%Mex$98.4b
NSA * National Storage Affiliates Trust
21.3x-25.7%Mex$4.3b

Price-To-Earnings vs Peers: NSA * is expensive based on its Price-To-Earnings Ratio (21.3x) compared to the peer average (9.2x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies7PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NSA * is good value based on its Price-To-Earnings Ratio (21.3x) compared to the Global Specialized REITs industry average (21.6x).

Price to Earnings Ratio vs Fair Ratio

What is NSA *'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.

NSA * PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NSA *'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?

Analyst Forecast: Insufficient data to show price forecast.

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