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 8,549 - -
Change - -27.41% 15.3% -7.02% -15.17% 4% - -
Enterprise Value (EV) 1 15,653 12,029 13,339 12,606 11,618 11,984 12,107 12,276
Change - -23.15% 10.88% -5.49% -7.84% 3.16% 1.03% 1.39%
P/E 52.2x 31.2x 25.5x 24.9x 24.7x 24.3x 23.8x 23.2x
PBR 4.48x 3.2x 3.73x 3.4x 3.01x 3.41x 3.61x 3.86x
PEG - 1.7x 0.6x -4.53x -1.6x 3.5x 12.15x 7.79x
Capitalization / Revenue 15.1x 8.95x 9.92x 9.09x 7.32x 7.54x 7.32x 7.08x
EV / Revenue 19x 11.9x 12.7x 11.8x 10.3x 10.6x 10.4x 10.2x
EV / EBITDA 29.9x 18.2x 19.1x 18.3x 16.4x 16.9x 16.7x 16.4x
EV / EBIT 53.9x 34.3x 26.8x 26.1x 25.9x 25.4x 24.8x 23.8x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.45 1.78 1.98 2.05 2.09 2.13 2.183 2.246
Rate of return 2.55% 4.42% 4.27% 4.78% 5.8% 5.61% 5.75% 5.92%
EPS 2 1.09 1.29 1.82 1.72 1.46 1.561 1.592 1.639
Distribution rate 133% 138% 109% 119% 143% 136% 137% 137%
Net sales 1 822.6 1,010 1,050 1,066 1,123 1,134 1,168 1,207
EBITDA 1 522.7 661.7 698.5 688.8 707 708.1 726.6 748.9
EBIT 1 290.6 351.1 497.3 483.1 448.9 471.2 488 515.2
Net income 1 223.5 291.3 410.8 391.2 333.8 352.2 362.3 373.4
Net Debt 1 3,200 2,990 2,916 2,915 3,397 3,435 3,558 3,727
Reference price 2 56.91 40.25 46.35 42.85 36.05 37.97 37.97 37.97
Nbr of stocks (in thousands) 218,811 224,575 224,861 226,153 228,036 225,162 - -
Announcement Date 2/24/22 2/23/23 2/29/24 2/27/25 2/26/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
78.32x12.48x33.64x1.39% 163B
59.67x11.94x23.25x2.02% 101B
26.13x10.96x16.57x3.92% 84.92B
63.2x12.01x22.27x2.74% 66.32B
29.11x13.11x18.45x4.15% 54.16B
148.18x7.82x21.48x2.53% 42.08B
62.08x6.45x17.36x3.08% 34.09B
40.99x12.68x19x5.34% 33.88B
28.76x13.96x17x4.84% 28.45B
Average 59.60x 11.27x 21.00x 3.33% 67.52B
Weighted average by Cap. 61.41x 11.60x 23.58x 2.8%

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