Company Valuation: Public Storage

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 65,681 49,212 53,630 52,457 45,533 60,562 - -
Change - -25.07% 8.98% -2.19% -13.2% 33.01% - -
Enterprise Value (EV) 1 72,421 55,308 62,363 61,362 55,468 70,785 74,271 74,187
Change - -23.63% 12.76% -1.61% -9.61% 27.61% 4.92% -0.11%
P/E 37.9x 11.9x 27.6x 28.1x 28.8x 33.4x 33.2x 31.4x
PBR 7.04x 4.87x 5.35x 5.41x 4.92x 5.07x 5.45x 7.83x
PEG - 0x -0.5x -7.4x -1.9x 4.35x 53.34x 5.39x
Capitalization / Revenue 20.5x 11.8x 11.9x 11.2x 9.44x 12x 11.2x 11.1x
EV / Revenue 22.6x 13.2x 13.8x 13.1x 11.5x 14x 13.7x 13.7x
EV / EBITDA 30.3x 18.3x 19.1x 18.5x 16.4x 19.8x 19x 18x
EV / EBIT 43.1x 26x 27.2x 28.1x 24.8x 30.5x 30.1x 27x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 8 21.15 12 12 12 12.01 12.31 12.71
Rate of return 2.14% 7.55% 3.93% 4.01% 4.62% 3.7% 3.8% 3.92%
EPS 2 9.87 23.5 11.06 10.64 9.01 9.701 9.762 10.33
Distribution rate 81.1% 90% 108% 113% 133% 124% 126% 123%
Net sales 1 3,204 4,182 4,518 4,696 4,824 5,058 5,404 5,432
EBITDA 1 2,394 3,015 3,263 3,315 3,388 3,567 3,915 4,122
EBIT 1 1,681 2,126 2,293 2,186 2,236 2,319 2,469 2,751
Net income 1 1,732 4,142 1,949 1,873 1,586 1,908 2,022 2,110
Net Debt 1 6,741 6,096 8,733 8,906 9,936 10,224 13,709 13,625
Reference price 2 374.56 280.19 305.00 299.44 259.50 324.17 324.17 324.17
Nbr of stocks (in thousands) 1,75,355 1,75,638 1,75,836 1,75,183 1,75,463 1,86,821 - -
Announcement Date 22/02/22 21/02/23 20/02/24 24/02/25 12/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.66x14.9x18.1x4.38% 3.13TCr
-56.66x3.25x13.78x5.02% 964.66Cr
27.65x11.57x18.35x5.15% 933.52Cr
15.81x9.09x15.49x4.62% 294.45Cr
13.17x10.34x16.79x5.36% 234.17Cr
63.6x9.42x18.04x4.79% 185.7Cr
10.27x9.51x17.26x5.08% 180.98Cr
18.39x12.17x23.39x4.79% 118.96Cr
Average 15.61x 10.03x 17.65x 4.9% 755.01Cr
Weighted average by Cap. 16.04x 11.68x 17.35x 4.69%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield