CubeSmart
Find Ratings ReportsCUBESMART's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its subsector.
During the same period, stockholders' equity ("net worth") has remained unchanged from the same quarter last year.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.
Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 266.73 | 262.33 |
EBITDA ($mil) | 0.0 | 0.0 |
EBIT ($mil) | 130.89 | 107.11 |
Net Income ($mil) | 112.67 | 81.86 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 8.22 | 8.93 |
Total Assets ($mil) | 6225.02 | 6325.83 |
Total Debt ($mil) | 3038.81 | 3110.59 |
Equity ($mil) | 2798.83 | 2826.2 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 54.32 | 45.78 |
EBITDA Margin | 0.0 | 0.0 |
Operating Margin | 49.07 | 40.83 |
Sales Turnover | 0.17 | 0.17 |
Return on Assets | 6.59 | 4.6 |
Return on Equity | 14.68 | 10.31 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.52 | 0.52 |
Interest Expense | 23.66 | 24.57 |
Interest Coverage | 5.53 | 4.36 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 224.92 | 224.6 |
Div / share | 0.51 | 0.49 |
EPS | 0.5 | 0.36 |
Book value / share | 12.44 | 12.58 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1572722.0 | 1842618.0 |
BUY. The current P/E ratio indicates a significant discount compared to an average of 49.19 for the Real Estate subsector and a discount compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 3.51 indicates a discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 6.43. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, CUBESMART proves to trade at a discount to investment alternatives.
Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CUBE 24.12 | Peers 49.19 | CUBE 16.06 | Peers 18.58 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. CUBE is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. CUBE is trading at a discount to its peers. |
|||||||||||||||||||||||
Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
CUBE 23.85 | Peers 40.04 | CUBE NM | Peers 5.86 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. CUBE is trading at a significant discount to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. CUBE's negative PEG ratio makes this valuation measure meaningless. |
|||||||||||||||||||||||
Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
CUBE 3.51 | Peers 6.43 | CUBE 40.31 | Peers -7.55 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. CUBE is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. CUBE is expected to have an earnings growth rate that significantly exceeds its peers. |
|||||||||||||||||||||||
Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
CUBE 9.29 | Peers 7.79 | CUBE -0.20 | Peers 11.68 | |||||||||||||||||||||
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. CUBE is trading at a premium to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. CUBE significantly trails its peers on the basis of sales growth. |
|||||||||||||||||||||||