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 10,136 - -
Change - -27.41% 15.3% -7.02% -15.17% 23.3% - -
Enterprise Value (EV) 1 15,653 12,029 13,339 12,606 11,618 13,689 13,730 13,848
Change - -23.15% 10.88% -5.49% -7.84% 17.83% 0.3% 0.86%
P/E 52.2x 31.2x 25.5x 24.9x 24.7x 28.7x 28.7x 27.9x
PBR 4.48x 3.2x 3.73x 3.4x 3.01x 4.08x 4.31x 4.61x
PEG - 1.7x 0.6x -4.53x -1.6x 3.47x -11,342.1x 9.56x
Capitalization / Revenue 15.1x 8.95x 9.92x 9.09x 7.32x 8.8x 8.6x 8.06x
EV / Revenue 19x 11.9x 12.7x 11.8x 10.3x 11.9x 11.7x 11x
EV / EBITDA 29.9x 18.2x 19.1x 18.3x 16.4x 19.2x 19x 18.6x
EV / EBIT 53.9x 34.3x 26.8x 26.1x 25.9x 28.9x 28.1x 26.9x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.45 1.78 1.98 2.05 2.09 2.125 2.183 2.246
Rate of return 2.55% 4.42% 4.27% 4.78% 5.8% 4.68% 4.81% 4.95%
EPS 2 1.09 1.29 1.82 1.72 1.46 1.581 1.581 1.627
Distribution rate 133% 138% 109% 119% 143% 134% 138% 138%
Net sales 1 822.6 1,010 1,050 1,066 1,123 1,152 1,178 1,257
EBITDA 1 522.7 661.7 698.5 688.8 707 712.1 722.3 745.5
EBIT 1 290.6 351.1 497.3 483.1 448.9 473.8 488.4 515.2
Net income 1 223.5 291.3 410.8 391.2 333.8 359.4 360.4 369
Net Debt 1 3,200 2,990 2,916 2,915 3,397 3,553 3,595 3,713
Reference price 2 56.91 40.25 46.35 42.85 36.05 45.37 45.37 45.37
Nbr of stocks (in thousands) 2,18,811 2,24,575 2,24,861 2,26,153 2,28,036 2,23,403 - -
Announcement Date 24/02/22 23/02/23 29/02/24 27/02/25 26/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.7x11.88x19.22x4.68% 1.01TCr
82.37x13.32x35.81x1.29% 18TCr
55.07x11.72x22.83x2.07% 9.87TCr
27.85x11.4x17.29x3.68% 9TCr
63.03x11.77x22.34x2.79% 6.61TCr
35.95x14.69x20.71x3.53% 6.36TCr
166.97x8.42x23.32x2.34% 4.71TCr
47.2x14x20.82x4.67% 3.87TCr
57.11x6.11x16.45x3.34% 3.14TCr
34.53x15.74x19.16x4.05% 3.34TCr
Average 59.88x 11.91x 21.80x 3.24% 6.59TCr
Weighted average by Cap. 63.95x 12.25x 24.74x 2.66%

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