Company Valuation: Extra Space Storage Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 30,357 19,711 33,874 31,713 27,639 29,329 - -
Change - -35.07% 71.86% -6.38% -12.85% 6.11% - -
Enterprise Value (EV) 1 36,239 26,949 44,792 43,897 40,731 42,277 42,343 42,470
Change - -25.63% 66.21% -2% -7.21% 3.8% 0.16% 0.3%
P/E ratio 36.6x 23x 33.8x 37.1x 28.4x 30x 28.4x 26.7x
PBR 9.74x 6.05x 2.35x 2.27x 2.05x 2.32x 2.34x 2.38x
PEG - 6.47x -1.3x -2.5x 2x 38.98x 4.91x 4.15x
Capitalization / Revenue 22.6x 11.9x 15.2x 11.3x 9.55x 9.91x 9.63x 9.23x
EV / Revenue 27x 16.3x 20.2x 15.7x 14.1x 14.3x 13.9x 13.4x
EV / EBITDA 29.8x 20.1x 26.7x 20.8x 18.5x 17.6x 17x 16.5x
EV / EBIT 37.1x 25.7x 38.3x 33.2x 28.8x 26.3x 25.4x 24.1x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 4.5 6 6.48 6.48 6.48 6.615 6.894 7.184
Rate of return 1.98% 4.08% 4.04% 4.33% 4.98% 4.76% 4.96% 5.17%
EPS 2 6.19 6.41 4.74 4.03 4.59 4.625 4.893 5.208
Distribution rate 72.7% 93.6% 137% 161% 141% 143% 141% 138%
Net sales 1 1,341 1,655 2,223 2,803 2,895 2,961 3,045 3,179
EBITDA 1 1,218 1,339 1,676 2,106 2,204 2,409 2,484 2,581
EBIT 1 976 1,050 1,170 1,323 1,413 1,606 1,667 1,765
Net income 1 827.6 860.7 803.2 854.7 974 1,006 1,070 1,122
Net Debt 1 5,882 7,239 10,918 12,184 13,092 12,948 13,014 13,141
Reference price 2 226.73 147.18 160.33 149.60 130.22 138.87 138.87 138.87
Nbr of stocks (in thousands) 133,892 133,922 211,278 211,984 212,248 211,197 - -
Announcement Date 2/23/22 2/22/23 2/27/24 2/25/25 2/19/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.02x14.28x17.55x4.76% 29.33B
29.92x12.55x17.82x4.1% 51.78B
27.42x10.87x17.22x5.5% 8.86B
-57.94x2.82x12.08x6.17% 7.8B
8.8x9.42x16.06x4.25% 3.27B
69.81x8.76x13.9x5.57% 3.17B
22.88x14.66x25.89x4.2% 2.78B
10.17x10.39x16.67x5.36% 2.35B
9.59x10.14x17.48x4.59% 2.03B
74.46x9.66x16.89x5.53% 1.77B
Average 22.51x 10.36x 17.16x 5% 11.31B
Weighted average by Cap. 23.96x 11.92x 17.30x 4.63%

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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