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 8,682 - -
Change - -27.41% 15.3% -7.02% -15.17% 5.61% - -
Enterprise Value (EV) 1 15,653 12,029 13,339 12,606 11,618 12,117 12,240 12,409
Change - -23.15% 10.88% -5.49% -7.84% 4.3% 1.02% 1.38%
P/E 52.2x 31.2x 25.5x 24.9x 24.7x 25.2x 24.4x 23.7x
PBR 4.48x 3.2x 3.73x 3.4x 3.01x 3.47x 3.67x 3.92x
PEG - 1.7x 0.6x -4.53x -1.6x 5.13x 7.37x 8.44x
Capitalization / Revenue 15.1x 8.95x 9.92x 9.09x 7.32x 7.62x 7.39x 7.08x
EV / Revenue 19x 11.9x 12.7x 11.8x 10.3x 10.6x 10.4x 10.1x
EV / EBITDA 29.9x 18.2x 19.1x 18.3x 16.4x 17.1x 16.8x 16.6x
EV / EBIT 53.9x 34.3x 26.8x 26.1x 25.9x 25.7x 25.1x 24.1x
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% 5.52% 5.66% 5.82%
EPS 2 1.09 1.29 1.82 1.72 1.46 1.532 1.582 1.627
Distribution rate 133% 138% 109% 119% 143% 139% 138% 138%
Net sales 1 822.6 1,010 1,050 1,066 1,123 1,139 1,175 1,226
EBITDA 1 522.7 661.7 698.5 688.8 707 708.2 726.5 748.2
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 38.56 38.56 38.56
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.($)
24.62x10.47x16.84x5.65% 8.68B
80.65x12.81x34.54x1.35% 169B
57.92x11.65x22.69x2.08% 98.3B
25.72x10.84x16.39x3.99% 84.51B
60.82x11.66x21.63x2.85% 64.73B
28.57x13.09x18.39x4.16% 55.18B
152.28x7.99x21.94x2.47% 43.53B
41.65x12.66x18.97x5.35% 34.04B
60.1x6.32x16.99x3.18% 33.55B
28.71x13.92x16.94x4.86% 29.09B
Average 56.10x 11.14x 20.53x 3.59% 62.07B
Weighted average by Cap. 61.43x 11.59x 23.65x 2.85%

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