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 57,904 - -
Change - -25.07% 8.98% -2.19% -13.2% 27.17% - -
Enterprise Value (EV) 1 72,421 55,308 62,363 61,362 55,468 70,700 71,071 71,365
Change - -23.63% 12.76% -1.61% -9.61% 27.46% 0.52% 0.41%
P/E 37.9x 11.9x 27.6x 28.1x 28.8x 30.7x 31.4x 29.3x
PBR 7.04x 4.87x 5.35x 5.41x 4.92x 4.5x 4.86x 5.01x
PEG - 0x -0.5x -7.4x -1.9x 2.5x -14.01x 4.22x
Capitalization / Revenue 20.5x 11.8x 11.9x 11.2x 9.44x 11.4x 10.7x 10.4x
EV / Revenue 22.6x 13.2x 13.8x 13.1x 11.5x 14x 13.1x 12.9x
EV / EBITDA 30.3x 18.3x 19.1x 18.5x 16.4x 19.5x 17.9x 17.5x
EV / EBIT 43.1x 26x 27.2x 28.1x 24.8x 30.3x 28.2x 27x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 8 21.15 12 12 12 12.02 12.31 12.66
Rate of return 2.14% 7.55% 3.93% 4.01% 4.62% 3.88% 3.97% 4.09%
EPS 2 9.87 23.5 11.06 10.64 9.01 10.11 9.882 10.57
Distribution rate 81.1% 90% 108% 113% 133% 119% 125% 120%
Net sales 1 3,204 4,182 4,518 4,696 4,824 5,068 5,426 5,550
EBITDA 1 2,394 3,015 3,263 3,315 3,388 3,630 3,975 4,076
EBIT 1 1,681 2,126 2,293 2,186 2,236 2,336 2,518 2,641
Net income 1 1,732 4,142 1,949 1,873 1,586 1,875 1,971 2,068
Net Debt 1 6,741 6,096 8,733 8,906 9,936 12,796 13,167 13,461
Reference price 2 374.56 280.19 305.00 299.44 259.50 309.89 309.89 309.89
Nbr of stocks (in thousands) 1,75,355 1,75,638 1,75,836 1,75,183 1,75,463 1,86,852 - -
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.($)
81.92x13.07x35.18x1.32% 17TCr
55.67x11.27x21.95x2.16% 9.42TCr
27.21x11.23x17.05x3.78% 8.81TCr
60.14x11.67x21.65x2.84% 6.39TCr
30.66x13.95x19.47x3.88% 5.79TCr
157.2x8.14x22.38x2.4% 4.45TCr
44.64x13.49x20.07x4.94% 3.66TCr
59.52x6.28x16.9x3.2% 3.27TCr
30.71x14.58x17.75x4.55% 3.03TCr
Average 60.85x 11.52x 21.38x 3.23% 6.88TCr
Weighted average by Cap. 62.62x 11.86x 24.09x 2.74%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Public Storage

Historical PBR trend

Valuation ratios - PBR - Public Storage

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Public Storage

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Public Storage


Year-on-year evolution of the Yield

Valuation ratios - Yield - Public Storage