Company Valuation: CubeSmart

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 12,453 9,039 10,422 9,691 8,221 8,374 - -
Change - -27.41% 15.3% -7.02% -15.17% 1.86% - -
Enterprise Value (EV) 1 15,653 12,029 13,339 12,606 11,618 11,809 11,932 12,101
Change - -23.15% 10.88% -5.49% -7.84% 1.64% 1.04% 1.41%
P/E 52.2x 31.2x 25.5x 24.9x 24.7x 23.8x 23.4x 22.7x
PBR 4.48x 3.2x 3.73x 3.4x 3.01x 3.34x 3.54x 3.78x
PEG - 1.7x 0.6x -4.53x -1.6x 3.42x 11.94x 7.62x
Capitalization / Revenue 15.1x 8.95x 9.92x 9.09x 7.32x 7.38x 7.17x 6.94x
EV / Revenue 19x 11.9x 12.7x 11.8x 10.3x 10.4x 10.2x 10x
EV / EBITDA 29.9x 18.2x 19.1x 18.3x 16.4x 16.7x 16.4x 16.2x
EV / EBIT 53.9x 34.3x 26.8x 26.1x 25.9x 25.1x 24.4x 23.5x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.45 1.78 1.98 2.05 2.09 2.13 2.183 2.246
Rate of return 2.55% 4.42% 4.27% 4.78% 5.8% 5.73% 5.87% 6.04%
EPS 2 1.09 1.29 1.82 1.72 1.46 1.561 1.592 1.639
Distribution rate 133% 138% 109% 119% 143% 136% 137% 137%
Net sales 1 822.6 1,010 1,050 1,066 1,123 1,134 1,168 1,207
EBITDA 1 522.7 661.7 698.5 688.8 707 708.1 726.6 748.9
EBIT 1 290.6 351.1 497.3 483.1 448.9 471.2 488 515.2
Net income 1 223.5 291.3 410.8 391.2 333.8 352.2 362.3 373.4
Net Debt 1 3,200 2,990 2,916 2,915 3,397 3,435 3,558 3,727
Reference price 2 56.91 40.25 46.35 42.85 36.05 37.19 37.19 37.19
Nbr of stocks (in thousands) 218,811 224,575 224,861 226,153 228,036 225,162 - -
Announcement Date 24/2/22 23/2/23 29/2/24 27/2/25 26/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
77.86x12.41x33.46x1.4% 162B
59.41x11.92x23.19x2.02% 101B
23.27x10.11x15.29x4.41% 75.61B
63.6x12.07x22.38x2.72% 66.73B
28.29x12.81x18.03x4.27% 52.63B
149.53x7.77x21.36x2.56% 41.73B
60.9x6.37x17.14x3.13% 33.44B
34.78x11.41x17.09x6.29% 28.75B
28.39x13.84x16.84x4.9% 28.08B
Average 58.45x 10.97x 20.53x 3.52% 65.5B
Weighted average by Cap. 61.31x 11.38x 23.37x 2.88%

Y-o-Y evolution of P/E

Valuation ratios - P/E - CubeSmart

Historical PBR trend

Valuation ratios - PBR - CubeSmart

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - CubeSmart

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - CubeSmart


Year-on-year evolution of the Yield

Valuation ratios - Yield - CubeSmart