Projected Income Statement: Public Storage

Forecast Balance Sheet: Public Storage

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 6,741 6,096 8,733 8,906 9,936 13,283 13,750 13,915
Change - -9.57% 43.26% 1.98% 11.57% 33.69% 3.52% 1.2%
Announcement Date 22/02/22 21/02/23 20/02/24 24/02/25 12/02/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: Public Storage

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 5,599 773.3 1,074 834 1,475 401 351.8 284.4
Change - -86.19% 38.91% -22.36% 76.84% -72.81% -12.28% -19.17%
Free Cash Flow (FCF) 1 - 2,344 1,828 - - - - -
Change - - -21.99% - - - - -
Announcement Date 22/02/22 21/02/23 20/02/24 24/02/25 12/02/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Public Storage

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 74.73% 72.08% 72.22% 70.61% 70.23% 70.88% 72.16% 72.88%
EBIT Margin (%) 52.46% 50.84% 50.75% 46.55% 46.35% 46.72% 46.33% 49.05%
EBT Margin (%) 61.17% 104.4% 48.05% 44.49% 37.1% 42.51% 43.08% 42.95%
Net margin (%) 54.08% 99.05% 43.14% 39.88% 32.87% 36.56% 36.5% 37.23%
FCF margin (%) - 56.04% 40.47% - - - - -
FCF / Net Income (%) - 56.58% 93.82% - - - - -

Profitability

        
ROA 11.87% 23.72% 10.43% 9.47% 7.94% 7.3% 6.74% 7.61%
ROE 19.36% 42.69% 19.4% 18.99% 18.82% 22.41% 23.37% 30.3%

Financial Health

        
Leverage (Debt/EBITDA) 2.82x 2.02x 2.68x 2.69x 2.93x 3.66x 3.47x 3.35x
Debt / Free cash flow - 2.6x 4.78x - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 174.78% 18.49% 23.78% 17.76% 30.57% 7.84% 6.4% 4.98%
CAPEX / EBITDA (%) 233.89% 25.65% 32.92% 25.15% 43.53% 11.06% 8.87% 6.84%
CAPEX / FCF (%) - 32.99% 58.75% - - - - -

Items per share

        
Cash flow per share 1 - 17.68 18.43 17.77 18.11 17.06 17.57 18.11
Change - - 4.24% -3.59% 1.94% -5.8% 3% 3.06%
Dividend per Share 1 8 21.15 12 12 12 12.02 12.32 12.74
Change - 164.37% -43.26% 0% 0% 0.2% 2.49% 3.37%
Book Value Per Share 1 53.17 57.48 57 55.37 52.7 55.87 61.55 45.3
Change - 8.1% -0.83% -2.86% -4.83% 6.02% 10.17% -26.4%
EPS 1 9.87 23.5 11.06 10.64 9.01 10.02 10.06 10.92
Change - 138.1% -52.94% -3.8% -15.32% 11.23% 0.37% 8.59%
Nbr of stocks (in thousands) 1,75,355 1,75,638 1,75,836 1,75,183 1,75,463 1,86,821 1,86,821 1,86,821
Announcement Date 22/02/22 21/02/23 20/02/24 24/02/25 12/02/26 - - -
1USD
Estimates
2026 *2027 *
P/E 30.1x 30x
PBR 5.41x 4.91x
EV / Sales 13.6x 12.8x
Yield 3.98% 4.08%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
302.01USD
Average target price
336.28USD
Spread / Average Target
+11.35%

Quarterly revenue - Rate of surprise