Extra Space Storage Stock Filter Stocks by Fundamentals
| EXR Stock | USD 136.10 0.29 0.21% |
Extra Space Storage fundamentals help investors to digest information that contributes to Extra Space's financial success or failures. It also enables traders to predict the movement of Extra Stock. The fundamental analysis module provides a way to measure Extra Space's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Extra Space stock.
Extra | Price to Earnings To Growth |
Extra Space Current Valuation Drivers
We derive many important indicators used in calculating different scores of Extra Space from analyzing Extra Space's financial statements. These drivers represent accounts that assess Extra Space's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Extra Space's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 13.5B | 15.0B | 30.2B | 19.7B | 27.1B | 28.5B | |
| Enterprise Value | 18.8B | 20.9B | 36.4B | 27.2B | 38.4B | 40.3B |
Extra Space ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Extra Space's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Extra Space's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Extra Fundamentals
| Return On Equity | 0.0873 | ||||
| Return On Asset | 0.0407 | ||||
| Profit Margin | 0.31 % | ||||
| Operating Margin | 0.45 % | ||||
| Current Valuation | 41.44 B | ||||
| Shares Outstanding | 211.62 M | ||||
| Shares Owned By Insiders | 1.08 % | ||||
| Shares Owned By Institutions | 98.92 % | ||||
| Number Of Shares Shorted | 3.88 M | ||||
| Price To Earning | 35.20 X | ||||
| Price To Book | 2.07 X | ||||
| Price To Sales | 11.77 X | ||||
| Revenue | 2.56 B | ||||
| Gross Profit | 1.52 B | ||||
| EBITDA | 1.74 B | ||||
| Net Income | 801.97 M | ||||
| Cash And Equivalents | 92.87 M | ||||
| Cash Per Share | 0.67 X | ||||
| Total Debt | 11.4 B | ||||
| Debt To Equity | 1.70 % | ||||
| Current Ratio | 2.59 X | ||||
| Book Value Per Share | 68.11 X | ||||
| Cash Flow From Operations | 1.4 B | ||||
| Short Ratio | 3.01 X | ||||
| Earnings Per Share | 4.74 X | ||||
| Price To Earnings To Growth | 4.43 X | ||||
| Target Price | 155.87 | ||||
| Number Of Employees | 7.62 K | ||||
| Beta | 0.75 | ||||
| Market Capitalization | 30.14 B | ||||
| Total Asset | 27.46 B | ||||
| Retained Earnings | (379.01 M) | ||||
| Working Capital | (157.87 M) | ||||
| Current Asset | 244.2 M | ||||
| Current Liabilities | 120.92 M | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 3.13 % | ||||
| Net Asset | 27.46 B | ||||
| Last Dividend Paid | 6.48 |
About Extra Space Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Extra Space Storage's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Extra Space using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Extra Space Storage based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Extra Space
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Extra Space position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Extra Space will appreciate offsetting losses from the drop in the long position's value.Moving together with Extra Stock
| 0.7 | BFS | Saul Centers | PairCorr |
The ability to find closely correlated positions to Extra Space could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Extra Space when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Extra Space - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Extra Space Storage to buy it.
The correlation of Extra Space is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Extra Space moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Extra Space Storage moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Extra Space can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Extra Space Piotroski F Score and Extra Space Altman Z Score analysis. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Extra Stock analysis
When running Extra Space's price analysis, check to measure Extra Space's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Extra Space is operating at the current time. Most of Extra Space's value examination focuses on studying past and present price action to predict the probability of Extra Space's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Extra Space's price. Additionally, you may evaluate how the addition of Extra Space to your portfolios can decrease your overall portfolio volatility.
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Is Extra Space's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Extra Space. If investors know Extra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Extra Space listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.35) | Dividend Share 6.48 | Earnings Share 4.74 | Revenue Per Share 15.454 | Quarterly Revenue Growth 0.572 |
The market value of Extra Space Storage is measured differently than its book value, which is the value of Extra that is recorded on the company's balance sheet. Investors also form their own opinion of Extra Space's value that differs from its market value or its book value, called intrinsic value, which is Extra Space's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Extra Space's market value can be influenced by many factors that don't directly affect Extra Space's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Extra Space's value and its price as these two are different measures arrived at by different means. Investors typically determine if Extra Space is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Extra Space's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.