Company Valuation: Extra Space Storage Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 30,357 19,711 33,874 31,713 27,639 31,115 - -
Change - -35.07% 71.86% -6.38% -12.85% 12.58% - -
Enterprise Value (EV) 1 36,239 26,949 44,792 43,897 40,731 44,272 44,357 44,441
Change - -25.63% 66.21% -2% -7.21% 8.69% 0.19% 0.19%
P/E 36.6x 23x 33.8x 37.1x 28.4x 32x 30.4x 28.9x
PBR 9.74x 6.05x 2.35x 2.27x 2.05x 2.46x 2.46x 2.47x
PEG - 6.47x -1.3x -2.5x 2x 178.9x 5.79x 5.58x
Capitalization / Revenue 22.6x 11.9x 15.2x 11.3x 9.55x 10.5x 10.2x 9.66x
EV / Revenue 27x 16.3x 20.2x 15.7x 14.1x 14.9x 14.5x 13.8x
EV / EBITDA 29.8x 20.1x 26.7x 20.8x 18.5x 18.3x 17.9x 17.3x
EV / EBIT 37.1x 25.7x 38.3x 33.2x 28.8x 27.6x 26.6x 25.5x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 4.5 6 6.48 6.48 6.48 6.558 6.779 7.004
Rate of return 1.98% 4.08% 4.04% 4.33% 4.98% 4.45% 4.6% 4.76%
EPS 2 6.19 6.41 4.74 4.03 4.59 4.598 4.84 5.09
Distribution rate 72.7% 93.6% 137% 161% 141% 143% 140% 138%
Net sales 1 1,341 1,655 2,223 2,803 2,895 2,966 3,055 3,221
EBITDA 1 1,218 1,339 1,676 2,106 2,204 2,423 2,484 2,569
EBIT 1 976 1,050 1,170 1,323 1,413 1,603 1,665 1,739
Net income 1 827.6 860.7 803.2 854.7 974 1,005 1,057 1,116
Net Debt 1 5,882 7,239 10,918 12,184 13,092 13,157 13,242 13,326
Reference price 2 226.73 147.18 160.33 149.60 130.22 147.28 147.28 147.28
Nbr of stocks (in thousands) 133,892 133,922 211,278 211,984 212,248 211,261 - -
Announcement Date 23/02/22 22/02/23 27/02/24 25/02/25 19/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.03x14.93x18.27x4.45% 31.11B
30.14x13.31x18.62x3.81% 55.4B
-57.8x3.29x13.98x4.92% 9.84B
28.41x11.36x17.99x5.13% 9.41B
45.55x8.98x14.27x5.18% 3.44B
13.02x10.25x16.64x5.42% 2.31B
64.93x9.52x18.53x4.9% 1.87B
10.12x9.44x17.12x5.16% 1.78B
Average 20.80x 10.13x 16.93x 4.87% 14.4B
Weighted average by Cap. 23.37x 12.42x 17.88x 4.3%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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