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 10,058 - -
Change - -27.41% 15.3% -7.02% -15.17% 22.34% - -
Enterprise Value (EV) 1 15,653 12,029 13,339 12,606 11,618 13,611 13,652 13,770
Change - -23.15% 10.88% -5.49% -7.84% 17.15% 0.31% 0.86%
P/E 52.2x 31.2x 25.5x 24.9x 24.7x 28.5x 28.4x 27.7x
PBR 4.48x 3.2x 3.73x 3.4x 3.01x 4.05x 4.28x 4.58x
PEG - 1.7x 0.6x -4.53x -1.6x 3.45x 94.12x 10.63x
Capitalization / Revenue 15.1x 8.95x 9.92x 9.09x 7.32x 8.73x 8.54x 8x
EV / Revenue 19x 11.9x 12.7x 11.8x 10.3x 11.8x 11.6x 11x
EV / EBITDA 29.9x 18.2x 19.1x 18.3x 16.4x 19.1x 18.9x 18.5x
EV / EBIT 53.9x 34.3x 26.8x 26.1x 25.9x 28.5x 27.7x 26.7x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.45 1.78 1.98 2.05 2.09 2.127 2.183 2.246
Rate of return 2.55% 4.42% 4.27% 4.78% 5.8% 4.72% 4.85% 4.99%
EPS 2 1.09 1.29 1.82 1.72 1.46 1.581 1.586 1.627
Distribution rate 133% 138% 109% 119% 143% 135% 138% 138%
Net sales 1 822.6 1,010 1,050 1,066 1,123 1,152 1,178 1,257
EBITDA 1 522.7 661.7 698.5 688.8 707 712.1 722.3 745.5
EBIT 1 290.6 351.1 497.3 483.1 448.9 477 492.5 515.2
Net income 1 223.5 291.3 410.8 391.2 333.8 361.6 363.4 369
Net Debt 1 3,200 2,990 2,916 2,915 3,397 3,553 3,595 3,713
Reference price 2 56.91 40.25 46.35 42.85 36.05 45.02 45.02 45.02
Nbr of stocks (in thousands) 218,811 224,575 224,861 226,153 228,036 223,403 - -
Announcement Date 24/2/22 23/2/23 29/2/24 27/2/25 26/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.48x11.82x19.11x4.72% 10.06B
82.23x13.3x35.76x1.29% 180B
55.92x11.87x23.12x2.04% 100B
27.11x11.19x16.96x3.78% 87.55B
62.86x11.75x22.29x2.8% 65.9B
35.63x14.62x20.65x3.56% 63.05B
166.43x8.4x23.26x2.34% 46.93B
45.98x13.75x20.45x4.8% 37.7B
34.36x15.57x18.95x4.08% 33.23B
57.66x6.21x16.66x3.37% 31.73B
Average 59.66x 11.85x 21.72x 3.28% 65.61B
Weighted average by Cap. 63.93x 12.20x 24.71x 2.68%

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