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 10,053 - -
Change - -27.41% 15.3% -7.02% -15.17% 22.29% - -
Enterprise Value (EV) 1 15,653 12,029 13,339 12,606 11,618 13,467 13,546 13,681
Change - -23.15% 10.88% -5.49% -7.84% 15.92% 0.59% 0.99%
P/E 52.2x 31.2x 25.5x 24.9x 24.7x 27.8x 27.9x 26.9x
PBR 4.48x 3.2x 3.73x 3.4x 3.01x 4.05x 4.28x 4.58x
PEG - 1.7x 0.6x -4.53x -1.6x 2.6x -61.69x 6.81x
Capitalization / Revenue 15.1x 8.95x 9.92x 9.09x 7.32x 8.82x 8.62x 8.33x
EV / Revenue 19x 11.9x 12.7x 11.8x 10.3x 11.8x 11.6x 11.3x
EV / EBITDA 29.9x 18.2x 19.1x 18.3x 16.4x 18.8x 18.6x 18.2x
EV / EBIT 53.9x 34.3x 26.8x 26.1x 25.9x 28.1x 27.4x 26.1x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.45 1.78 1.98 2.05 2.09 2.127 2.182 2.238
Rate of return 2.55% 4.42% 4.27% 4.78% 5.8% 4.73% 4.85% 4.97%
EPS 2 1.09 1.29 1.82 1.72 1.46 1.619 1.611 1.675
Distribution rate 133% 138% 109% 119% 143% 131% 135% 134%
Net sales 1 822.6 1,010 1,050 1,066 1,123 1,139 1,166 1,207
EBITDA 1 522.7 661.7 698.5 688.8 707 715.9 726.8 751.6
EBIT 1 290.6 351.1 497.3 483.1 448.9 479.1 494 523.3
Net income 1 223.5 291.3 410.8 391.2 333.8 362.6 367.1 381.7
Net Debt 1 3,200 2,990 2,916 2,915 3,397 3,414 3,493 3,628
Reference price 2 56.91 40.25 46.35 42.85 36.05 45.00 45.00 45.00
Nbr of stocks (in thousands) 218,811 224,575 224,861 226,153 228,036 223,403 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
27.8x11.82x18.81x4.73% 10.05B
85.32x13.63x36.52x1.29% 180B
59.24x12.44x24.24x1.92% 106B
27.25x11.23x17.02x3.76% 88.02B
66.63x12.23x23.21x2.66% 69.41B
35.61x14.55x20.66x3.61% 62.28B
170.58x8.44x23.33x2.32% 47.41B
46.54x13.87x20.62x4.74% 38.16B
63.39x6.51x17.45x3.13% 34.13B
33.99x15.47x18.83x4.1% 33.02B
Average 61.63x 12.02x 22.07x 3.23% 67B
Weighted average by Cap. 66.27x 12.41x 25.18x 2.63%

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