NasdaqCM:SELF

Stock Analysis Report

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Executive Summary

Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, develops and redevelops self-storage properties.


Snowflake Analysis

Fair value with moderate growth potential.

Share Price & News

How has Global Self Storage's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SELF has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.5%

SELF

-2.5%

US REITs

2.3%

US Market


1 Year Return

0.8%

SELF

-11.6%

US REITs

6.7%

US Market

Return vs Industry: SELF exceeded the US REITs industry which returned -11.4% over the past year.

Return vs Market: SELF underperformed the US Market which returned 6.7% over the past year.


Shareholder returns

SELFIndustryMarket
7 Day-1.5%-2.5%2.3%
30 Day0.8%0.7%7.4%
90 Day3.0%-1.0%17.9%
1 Year7.2%0.8%-8.0%-11.6%9.0%6.7%
3 Year-3.4%-19.7%12.1%-1.7%36.6%27.7%
5 Year44.1%6.7%39.4%10.8%64.2%46.1%

Price Volatility Vs. Market

How volatile is Global Self Storage's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Global Self Storage undervalued compared to its fair value and its price relative to the market?

23.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SELF ($3.83) is trading below our estimate of fair value ($4.99)

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


Price To Earnings Ratio

PE vs Industry: SELF is poor value based on its PE Ratio (669.7x) compared to the US REITs industry average (27.2x).

PE vs Market: SELF is poor value based on its PE Ratio (669.7x) compared to the US market (16.2x).


Price to Earnings Growth Ratio

PEG Ratio: SELF is poor value based on its PEG Ratio (11.4x)


Price to Book Ratio

PB vs Industry: SELF is good value based on its PB Ratio (0.9x) compared to the US REITs industry average (1.3x).


Next Steps

Future Growth

How is Global Self Storage forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

58.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SELF's forecast earnings growth (58.9% per year) is above the savings rate (2.2%).

Earnings vs Market: SELF's earnings (58.9% per year) are forecast to grow faster than the US market (22.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SELF's revenue (2.5% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: SELF's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SELF's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Global Self Storage performed over the past 5 years?

-64.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SELF has a large one-off loss of $152.1K impacting its March 31 2020 financial results.

Growing Profit Margin: SELF's current net profit margins (0.5%) are lower than last year (9%).


Past Earnings Growth Analysis

Earnings Trend: SELF's earnings have declined by -64.5% per year over the past 5 years.

Accelerating Growth: SELF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SELF had negative earnings growth (-93.8%) over the past year, making it difficult to compare to the REITs industry average (5.3%).


Return on Equity

High ROE: SELF's Return on Equity (0.1%) is considered low.


Next Steps

Financial Health

How is Global Self Storage's financial position?


Financial Position Analysis

Short Term Liabilities: SELF's short term assets ($3.8M) exceed its short term liabilities ($2.0M).

Long Term Liabilities: SELF's short term assets ($3.8M) do not cover its long term liabilities ($23.7M).


Debt to Equity History and Analysis

Debt Level: SELF's debt to equity ratio (57.5%) is considered high.

Reducing Debt: Insufficient data to determine if SELF's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: SELF's debt is not well covered by operating cash flow (7.3%).

Interest Coverage: SELF's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Global Self Storage current dividend yield, its reliability and sustainability?

6.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SELF's dividend (6.79%) is higher than the bottom 25% of dividend payers in the US market (1.68%).

High Dividend: SELF's dividend (6.79%) is in the top 25% of dividend payers in the US market (4.6%)


Stability and Growth of Payments

Stable Dividend: SELF has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SELF has only been paying a dividend for 6 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (122.9%), SELF's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.0yrs

Average management tenure


CEO

Mark Winmill (63yo)

8.5yrs

Tenure

US$440,419

Compensation

Mr. Mark Winmill serves as Executive Vice President of Winmill & Co. Incorporated. He is the Executive Vice President and Chief Investment Strategist at Midas Management Corporation. He serves as the Presi ...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD440.42K) is about average for companies of similar size in the US market ($USD614.21K).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Mark Winmill
CEO, President & Chairman8.5yrsUS$440.42k1.23% $440.4k
Thomas O'Malley
CFO, Chief Accounting Officer15.5yrsUS$206.48k0.27% $97.0k
Donald Klimoski
General Counsel2.83yrsUS$209.71k0.30% $106.3k
Russell Kamerman
Vice President6.5yrsno data0.028% $9.9k
Angelito Sarabia
Controller7.5yrsno datano data
Robert Mathers
Vice President of Property Operations3.17yrsno datano data

7.0yrs

Average Tenure

55yo

Average Age

Experienced Management: SELF's management team is seasoned and experienced (7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mark Winmill
CEO, President & Chairman8.5yrsUS$440.42k1.23% $440.4k
Thomas Winmill
Director23.5yrsno data0.012% $4.2k
Russell Burke
Independent Director4.5yrsUS$20.50k0.23% $82.3k
George Langa
Independent Director4.5yrsUS$20.50k0.017% $6.0k
William Zachary
Independent Director4.5yrsUS$20.50k0.015% $5.2k

4.5yrs

Average Tenure

61yo

Average Age

Experienced Board: SELF's board of directors are considered experienced (4.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SELF insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21%.


Top Shareholders

Company Information

Global Self Storage, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Global Self Storage, Inc.
  • Ticker: SELF
  • Exchange: NasdaqCM
  • Founded:
  • Industry: Specialized REITs
  • Sector: Real Estate
  • Market Cap: US$35.834m
  • Shares outstanding: 9.36m
  • Website: https://www.globalselfstorage.us

Number of Employees


Location

  • Global Self Storage, Inc.
  • 11 Hanover Square
  • 12th Floor
  • New York
  • New York
  • 10005
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SELFNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDNov 2013

Biography

Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, develops and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. Through its wholly owned subsidiaries, the company owns and/or manages 13 self-storage properties in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, South Carolina, and Oklahoma. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/12 00:16
End of Day Share Price2020/07/10 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.