Extra Free Cash Flow vs Enterprise Value Analysis
| EXR Stock | USD 133.28 0.54 0.41% |
Extra Space financial indicator trend analysis is much more than just examining Extra Space Storage latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Extra Space Storage is a good investment. Please check the relationship between Extra Space Free Cash Flow and its Enterprise Value accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
Free Cash Flow vs Enterprise Value
Free Cash Flow vs Enterprise Value Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Extra Space Storage Free Cash Flow account and Enterprise Value. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Extra Space's Free Cash Flow and Enterprise Value is 0.96. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Enterprise Value in the same time period over historical financial statements of Extra Space Storage, assuming nothing else is changed. The correlation between historical values of Extra Space's Free Cash Flow and Enterprise Value is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Extra Space Storage are associated (or correlated) with its Enterprise Value. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Enterprise Value has no effect on the direction of Free Cash Flow i.e., Extra Space's Free Cash Flow and Enterprise Value go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Enterprise Value
Enterprise Value (or EV) is usually referred to as Extra Space theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Extra Space Storage debt, but would also pocket its cash. Enterprise Value is more accurate representation of Extra Space value than its market capitalization because it takes into account all of Extra Space Storage existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Most indicators from Extra Space's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Extra Space Storage current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. At this time, Extra Space's Selling General Administrative is relatively stable compared to the past year. As of 04/24/2024, Issuance Of Capital Stock is likely to grow to 0.00, while Tax Provision is likely to drop slightly above 15.8 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.2B | 1.5B | 2.5B | 2.6B | Total Revenue | 1.6B | 1.9B | 2.6B | 2.7B |
Extra Space fundamental ratios Correlations
Click cells to compare fundamentals
Extra Space Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Extra Space fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 8.5B | 9.4B | 10.5B | 12.2B | 27.5B | 28.8B | |
| Common Stock Shares Outstanding | 136.4M | 129.6M | 140.0M | 141.7M | 169.2M | 102.0M | |
| Liabilities And Stockholders Equity | 8.5B | 9.4B | 10.5B | 12.2B | 27.5B | 28.8B | |
| Other Current Liab | 45.3M | 47.1M | 63.6M | 67.4M | (689.8M) | (655.3M) | |
| Total Stockholder Equity | 2.5B | 2.5B | 3.1B | 3.3B | 14.4B | 15.1B | |
| Other Liab | 96.5M | 272.8M | 291.5M | 144.0M | 165.6M | 173.9M | |
| Accounts Payable | 111.4M | 130.0M | 142.3M | 171.7M | 334.5M | 351.2M | |
| Cash | 65.7M | 109.1M | 71.1M | 92.9M | 99.1M | 65.3M | |
| Other Assets | 159.2M | 9.3B | 9.7B | 11.0B | 24.6B | 25.8B | |
| Long Term Debt | 4.9B | 4.8B | 5.4B | 7.3B | 10.3B | 10.9B | |
| Other Stockholder Equity | 2.9B | 3.0B | 3.3B | 3.3B | 14.8B | 15.5B | |
| Total Liab | 5.6B | 6.5B | 6.7B | 8.1B | 12.0B | 12.6B | |
| Common Stock | 1.3M | 1.3M | 1.3M | 1.3M | 2.1M | 2.6M | |
| Property Plant Equipment | 7.7B | 7.9B | 9.1B | 10.3B | 11.8B | 12.4B | |
| Short Long Term Debt Total | 5.3B | 6.0B | 6.2B | 7.6B | 11.4B | 12.0B | |
| Total Current Liabilities | 314.6M | 1.1B | 740.9M | 1.2B | 1.1B | 1.1B | |
| Net Debt | 5.3B | 5.9B | 6.1B | 7.5B | 11.3B | 11.9B | |
| Retained Earnings | (301.0M) | (354.9M) | (128.2M) | (135.9M) | (379.0M) | (360.1M) | |
| Non Current Assets Total | 8.5B | 9.3B | 10.4B | 12.1B | 26.5B | 27.9B | |
| Non Currrent Assets Other | 162.1M | 130.6M | 159.2M | 10.2B | 23.7B | 24.9B | |
| Cash And Short Term Investments | 65.7M | 109.1M | 71.1M | 92.9M | 99.1M | 69.1M | |
| Common Stock Total Equity | 1.3M | 1.3M | 1.3M | 1.3M | 1.2M | 981.5K | |
| Non Current Liabilities Total | 5.3B | 5.3B | 5.9B | 6.9B | 11.0B | 11.5B | |
| Total Current Assets | 70.7M | 128.0M | 76.2M | 92.9M | 929.7M | 976.2M | |
| Short Term Debt | 158M | 949M | 535M | 945M | 689.8M | 464.8M | |
| Accumulated Other Comprehensive Income | (29.0M) | (99.1M) | (42.5M) | 48.8M | 17.4M | 18.3M | |
| Other Current Assets | (70.7M) | (128.0M) | (495.4M) | 55.2M | (838.5M) | (796.6M) | |
| Intangible Assets | 134.9M | 137.1M | 147.0M | 21.6M | 147.6M | 91.0M | |
| Net Tangible Assets | 2.5B | 2.5B | 3.1B | 3.1B | 3.5B | 2.3B | |
| Noncontrolling Interest In Consolidated Entity | 371.7M | 381.7M | 388.3M | 669.5M | 769.9M | 808.4M | |
| Retained Earnings Total Equity | (262.9M) | (301.0M) | (354.9M) | (128.2M) | (147.5M) | (154.9M) | |
| Long Term Debt Total | 4.9B | 4.8B | 6.0B | 7.5B | 8.6B | 9.0B | |
| Capital Surpluse | 2.9B | 3.0B | 3.3B | 3.3B | 3.8B | 2.6B |
Extra Space Investors Sentiment
The influence of Extra Space's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Extra. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Extra Space's public news can be used to forecast risks associated with an investment in Extra. The trend in average sentiment can be used to explain how an investor holding Extra can time the market purely based on public headlines and social activities around Extra Space Storage. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Extra Space's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Extra Space's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Extra Space's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Extra Space.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Extra Space in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Extra Space's short interest history, or implied volatility extrapolated from Extra Space options trading.
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
| 0.67 | AMT | American Tower Corp Earnings Call This Week | 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
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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.