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RISK CONCERN
Investment Strategy, Risk Analysis, and Insights by Chartered Professionals
CUBE
Primary Facts
REIT�Industrial
Name:
-
Sector:
130.74M
Industry:
45.96
CEO:
Mr. Christopher Marr
Total Employees:
Mid Cap
Our Technological Advancement Rating
Our Rating:
0.993242496
0.348412597
Cubesmart (XNYS:CUBE) In-Depth Stock/Fundamental/Options Analysis Today
Primary Targets/Price Insights
Previous Close ($) :
CUBESMART (XNYS:CUBE)
One Month Price Target:
Six Month Price Target :
$46.09
Likely Price in One Year's Time:
Ticker:
$46.75
Likely Trading Range Today Under (Normal Volatility)
$46.15
Price Upper limit ($) :
$47.54
Price Lower limit ($) :
Crash Risk Prep/Key Price Levels (High Volatility/Risk)
Price, as per data analysis, isn't likely to fall below:
Today:
P171
This week:
$44.12
This month :
$41.86
Other Primary facts
Market Cap:
224.45M
Market Cap Classification:
10.45B
Number of Shares
IPO Date:
B
Best/Worst Daily Performance (Last 3+ Years)
Highest Daily Appreciation:
-17.39%
$37.75
Worst Daily Decline:
Our Options Trading Entry Points
Iron Condor entry points for options expiring in 1 week's time
Low risk (<2%) entry points
Buy Call:
Sell Call:
Buy Put:
Sell Put:
$50.52
9.88%
$41.40
$54.47
Medium risk (<10%) entry points
Buy Call
Sell Call
$48.39
Buy Put:
Sell Put:
$37.45
$43.53
$49.23
These entry points can be used for other strategies, such as butterflies, straddles, etc.
Risk-Adjusted returns (Sharpe Ratio) of
REIT�Industrial
Sharpe Ratio:
CUBE, is amongst the top 40% highest yielding stocks in terms of daily returns
Comparison:
2.42%
0.470397112
Sharpe ratio is 47.04% higher than the industry
Average Returns/Yield of
REIT�Industrial
Daily returns:
1
Weekly returns:
0.08%
Monthly returns:
0.40%
Yearly returns:
19.07%
Comparison of returns:
0.355901755
Classification:
Average annual returns/yield (last 3 years) is 35.59% above industry average
Results of T-Test of Returns:
CUBE is a riskier investment compared to Nasdaq (IXIC)
Statistical test of Returns:
0.27
Volatility (measured by Standard Deviation)
Daily Volatility:
& ratio is 56.19% higher than the market/S&P 500 average
Weekly Volatility:
1.98%
Monthly Volatility:
4.44%
Yearly Volatility:
8.87%
Volitlilty of last five days (Measured by Standard Deviation)
Average Volatility of this Week:
38.66%
-36.70%
Value at Risk Analysis (VaR)
Daily VaR:
Volatility in last five trading days has been -36.70% below long-term volatility
Weekly VaR:
-3.99%
Monthly VaR:
-8.93%
How Much Can the price of
REIT�Industrial
Decline in a Recession?
Likely price decline in a recession:
Base case (decline):
Risk of crash in next 6/12 months: High (50-70%)
Worst case (decline):
$39.12
This translates to price declining to:
-15%
This translates to price declining to:
-61.87%
Severe Crash Probability
-17.86%
What is Value at Risk (VaR)?
Risk Fundamentals
8.00%
CUBE is a 26.07% riskier investment compared to the market/S&P 500 & is 8.00% riskier than Nasdaq (IXIC)
CUBE is a 26.07% riskier investment compared to the market/S&P 500
Beta Examination of
REIT�Industrial
0.511
Expected beta in 1 year's time:
0.623
Expected beta in 3 year's time:
0.714
Unlevered (debt free) Beta:
Beta in relation to market/S&P 500--0.51
Beta in relation to Nasdaq (XNAS):
Returns are left (negative) skewed; mean returns are lower than median and mode returns
Beta in relation to all global stocks::
Beta is -30.54% below industry average
Beta Comparison & Analysis
Beta of competitors/peers::
-
-0.517
Average Industry Beta:
Beta is -51.69% lower than peers
-0.305351212
Sustainable Growth Rate Analysis
Sustainable growth rate for this stock/firm:
WACC is -20.63% below industry mean WACC
-
Alpha provided | Alpha Analysis
Alpha provided:
1.010
1.113
7.907
Analysis of Cost of Capital of
REIT�Industrial
Equity cost of capital:
Alpha is 791% higher than market/& is unsustainably high
-0.188
Unlevered (without debt) cost of capital:
Equity cost of capital is -18.79% below industry mean WACC
Before-tax cost of debt:
-
After-tax cost of debt:
2.57%
Overall debt rating:
2.03%
Weighted average cost of capital (WACC):
2.57%
-20.63%
Key Per-Share Metrics & Analysis
Revenue per share:
Present value of the expected future dividends only: $45.37
Revenue growth rate per share of (3Y):
Price to sales ratio is -11.69% below the industry mean
53.21%
EPS:
Two Hundred Thirty-Five Million Six Hundred Fifty-Nine Thousand Nine Hundred Dollars
Expected Annual growth rate of EPS (3Y):
Price to free cash flow ratio is -20.22% lower than the industry
-21.83%
Free cash flow (FCF) per share:
Price to book ratio is 12.51% above the industry mean
-
-9.135594095
Debt per share
Debt repayment rate in last quarter: 5.56%
EBITDA per share
Each employee generates -89% less EBITDA than industry average revenue per employee
Valuation Analysis Today of
REIT�Industrial
P/E Ratio:
-
P/E Ratio of Competitors/Peers:
42.95
-0.362076773
70.6876597
-0.349815792
-
Share value as per dividend discount (DDM) model: $72.97
P/S (Price to Sales ratio):
$3.89
-0.11687855
P/B (Price to book value ratio):
Price to sales ratio is -11.69% below the industry mean
-
-0.202168576
Net income growth rate (3Y):
Annual revenue growth rate is 53.21% above the industry average
25.66%
Dividend Analysis
Net income growth rate is 25.66% higher than the average industry net income growth rate
Dividend payout rate: 43.93%
$0.43
Previous Dividend: $0.43
Previous adjusted dividend: $0.43
Previous Dividend: $1.63
Expected next dividend best case: $0.47
Expected next dividend worst case: $0.39
Average dividend payment (long-term): $0.36
Average dividend increase/decrease (growth rate) % per period: 2.95%
Expected next dividend payment date: 13/10/2022
Expected next dividend record date: 29/09/2022
-
Previous dividend payment date: 15/07/2022
Previous dividend record date: 07/01/2022
Dividend History:
-
2022-03-31--$0.43
2021-09-30--$0.34
2022-06-30--$0.43
2021-12-31--$0.43
2021-06-30--$0.34
-1.320888878
In-depth Debt & Leverage Analysis
Debt to equity ratio:
111.66%
Net debt to equity ratio:
The remaining useful life of property plant & equipment is: 6.0 years
Debt to assets ratio:
49.20%
Net debt to assets ratio:
105.42%
-72.43%
Ability to repay debt:
Interest coverage ratio:
Debt-to-asset ratio is -72.43% below industry average
-105.00
Looking forward:
Debt growth rate:
1.9x
225.30%
5.56%
Analysis of Key Statistics
Correlation of price movement with the market:
19.45387264
Statistical significance of correlation:
-0.26%
Average Correlation of the industry with the market:
0.597
-3.30%
R Squared (percentage of price movement explained by movement of the market):
0.597
Correlation of price movement with Nasdaq (^IXIC):
0.356
Covariance of price movement with the market:
0.034
Kurtosis
0.04
11.339
Skewness of returns:
Returns have a significant fat-tails (leptokurtic), i.e., returns considerably higher or lower than the mean returns are more probable, compared to assets with normally distributed returns
-1.010
Fundamental Analysis & Dupont Analysis of
REIT�Industrial
Gross Profit Margin Ratio:
610.85M
Operating Profit Margin Ratio:
Net profit margin is -21.58% lower than the industry
6.50%
Net Profit Margin Ratio:
610.85M
Effective Tax Rate:
1.00%
-
Dupont Method
Net Profit Margin
Return on Equity Ratio (ROE):
×
ROA
=
×
Return on assets (ROA) is -12.29% lower than the industry
-7.01%
Financial Leverage
Asset Turnover Ratio (ROA):
Operating profit margin is 6.50% higher than the industry
-12.29%
Financial Leverage:
Interest coverage ratio is -10500.13% less than industry average
Current Ratio:
Return on equity (ROE) is -7.01% lower than the industry
-0.968775537
Cash Conversion Cycle (days):
$13.37
-
Current ratio is -96.88% below industry average
Stock based compensation to net income ratio:
Equity growth rate per share is -913.56% lower than the industry
In-depth Efficiency Analysis
Revenue generated per employee:
-
-0.816645503
EBITDA generated per employee:
Each employee generates -82% less revenue than industry average revenue per employee
-0.894068521
Profit generated per employee:
$1.91
-89%
Free cash flow (FCF) generated per employee:
Each employee generates -89% less net income/profit than industry average revenue per employee
-0.765574908
Assets/Capital per employee
Each employee generates -77% less free cash flow than industry average revenue per employee
-0.765574908
Research & Development (R&D) Analysis
-
-
Competitors/Peer firms of
REIT�Industrial
$56.21
LIFE STORAGE, INC. (XNYS:LSI)
REXFORD INDUSTRIAL REALTY, INC (XNYS:REXR)
ANNALY CAPITAL MANAGEMENT, INC. (XNYS:NLY)
FEDERAL REALTY INVESTMENT TRUST (XNYS:FRT)
FRT-PC
JONES LANG LASALLE INCORPORATED (XNYS:JLL)
HOST HOTELS & RESORTS, INC. (XNAS:HST)
VER-PF
Current Analyst Ratings
$1.05
Strong buy�8%
Buy�13%
Hold�33%
Sell�4%
Strong sell�0%
Income Statement
Period:
3/31/2022
Date:
Value
Revenue:
TTM
Cost of Revenue:
Gross Profit:
R&D Expense
General & Admin Expenses:
Selling, General & Admin Expenses
Sales and Marketing Expenses
Other Expenses :
Operating Expenses :
Cost & Expenses :
Interest Income:
Interest Expenses:
Depreciation & Amortization:
EBITDA:
Operating Income:
Other Income Expenses:
Income Before Tax:
Income Tax Expense:
Net Income:
Balance Sheet
Date:
Calendar Year:
Period:
Cash & Cash Equivalents:
Short Term Investments:
Cash & Short Term Investments:
Net Receivables:
Inventory:
Other Current Assets:
Total Current Assets:
PP&E:
Goodwill:
Intangible Assets:
Long Term Investments:
Tax Assets:
Other Non-Current Assets:
Total Non-Current Assets:
Other Assets:
Total Assets:
Accounts Payable:
Short Term Debt:
Tax Payables:
Deferred Revenue:
Other Current Liabilities:
Total Current Liabilities:
Long Term Debt:
Other Non-Current Liabilities:
Total Non Current Liabilities:
Other Liabilities:
Total Liabilities:
Common Stock:
Retained Earnings:
Accumulated Other Comprehensive Loss:
Other Total Stockholders' Equity:
Total Stockholders' Equity:
Total Liabilities and Stockholders' Equity:
Total Investments:
Total Debt:
Net Debt:
872.29M
261.44M
280%
-
51.42M
51.42M
-
260.80M
573.66M
-
82.04M
127.32M
198%
-
- 72867.00K
105%
-
Statement of Cash Flow
Date:
Period:
38.27M
Differed Income Tax :
83.51M
Stock Based Compensation :
-
Change in Working Capital :
2.19M
Accounts Receivables:
7.34M
Other Working Capital:
-
Other Non-Cash Items:
-
Net Cash Provided by Operating Activities:
- 581.00K
Investments in PP&E:
130.74M
Net Acquisitions:
-
Purchases of Investments:
- 5.00K
Sales/Maturities of Investments:
Other Investing Activities:
Net Cash Used for Investing Activities:
Debt Repayment:
Common Stock Issued:
Common Stock Repurchased:
Dividend Paid:
Other Financing Activities:
Net Cash Used Provided by Financing Activities:
Effect of FOREX on Changes in Cash:
Net Changes in Cash:
Cash at End of Period:
Cash at Beginning of Period:
Operating Cash Flow:
Capital Expenditure:
Free Cash Flow (FCF):
Value
3/31/2022
2022
Q1
7.89M
-
7.89M
22.47M
-
13.29M
43.65M
50.31M
-
-
117.03M
-
6.17B
6.42B
-
6.46B
197.69M
185.40M
-
-
97.91M
481.00M
3.00B
1.09M
3.04B
-
3.52B
2.24M
- 1266804.00K
- 551.0K
Value
312.21M
-
2.85B
6.37B
-
3.19B
-
-
- 9083.00K
- 9088.00K
- 176643.00K
-
- 123.00K
- 96605.00K
148.87M
- 124502.00K
-
- 2855.00K
10.46M
13.32M
130.74M
-
Our Proprietary Portfolio Rating
Our Rating:
35.26145228
Price Forecast/Expected Price in Next 5 Years of
REIT�Industrial
2023
2024
2025
2026
2027
49.11366282
$49.11
$50.80
$52.54
$54.35