Safestore Holdings (SAFE) AI Stock Analysis

• Market Cap: £1.67B
• Dividend Yield: 4.25%
• Average Volume (3M): 592.40K
• Price to Earnings (P/E): 5.7
• Beta (1Y): 1.25
• Revenue Growth: 1.66%
• EPS Growth: 11.42%
• Country: UK
• Employees: 804
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Industrial
• EPS (TTM): 0.19
• Shares Outstanding: 218,490,500
• 10 Day Avg. Volume: 583,592
• 30 Day Avg. Volume: 592,400
• PEG Ratio: 0.06
• Price to Book (P/B): 0.79
• Price to Sales (P/S): 7.90
• P/FCF Ratio: -72.98
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £685.00
• Price Target Upside: -10.75% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 83 Outperform
• Price Target: 835.00p ▲(8.79% Upside)

Safestore Holdings scores highly due to its strong technical indicators and attractive valuation, with a low P/E ratio and high dividend yield. While financial performance is solid, the recent dip in revenue and negative free cash flow are areas to monitor. The absence of earnings call data and corporate events does not impact the score significantly.

Positive Factors

Business Model Strength

Safestore's business model of renting storage units provides a stable and recurring revenue stream, supported by diverse customer needs for personal and business storage solutions.

Competitive Advantages

A wide network of facilities across key regions offers a competitive edge, enabling Safestore to capture a broad customer base and benefit from economies of scale.

Balance Sheet Health

A strong equity base and effective debt management indicate financial stability, providing Safestore with resilience and flexibility for future growth and investment.

Negative Factors

Revenue Growth Concerns

A recent decline in revenue growth and negative free cash flow could signal challenges in maintaining growth momentum, potentially impacting long-term financial performance.

Free Cash Flow Challenges

Negative free cash flow may limit Safestore's ability to invest in expansion or reduce debt, posing a risk to its financial flexibility and growth strategy.

Revenue Growth Rate Decline

A declining revenue growth rate could indicate market saturation or competitive pressures, necessitating strategic adjustments to sustain long-term growth.

Safestore Holdings Business Overview & Revenue Model

Company Description

Safestore is the UK's largest self-storage group with 163 stores, comprising 125 wholly owned stores in the UK (including over 70 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool and Bristol), 28 wholly owned stores in the Paris region, 6 stores in the Netherlands and 4 stores within Barcelona, Spain. Safestore was founded in the UK in 1998. It acquired the French business Une Pièce en Plus in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.

How the Company Makes Money

Safestore Holdings primarily generates revenue through the rental of storage units, charging customers on a monthly basis for the space they occupy. The company has a diverse customer base, including individuals, small businesses, and larger enterprises, which contributes to its steady income stream. In addition to unit rentals, Safestore enhances its revenue through the sale of ancillary products such as packing materials and insurance for stored items. The company also benefits from strategic partnerships and promotions that attract new customers and retain existing ones. Seasonal demand fluctuations, effective marketing strategies, and operational efficiencies further impact its overall earnings.

Safestore Holdings Financial Statement Overview

Summary

Safestore Holdings exhibits solid financial performance with strong profitability and a well-managed balance sheet. The company demonstrates good revenue and profit growth over the years, although the recent dip in revenue and negative free cash flow warrant attention. The balance sheet reflects sound financial health with a balanced approach to leverage.

Income Statement

Safestore Holdings shows a strong income statement with consistently improving revenue over the years, albeit with a slight revenue decrease in the most recent period. The company maintains healthy profit margins, with the net profit margin and EBIT margins significantly improving over time. The stability in gross profit margin indicates efficient cost management. However, the dip in revenue growth rate in the latest year suggests a need to monitor future revenue performance.

Balance Sheet

The balance sheet is robust with a strong equity base, reflected in a healthy equity ratio. The company has managed its debt levels effectively, with a reasonable debt-to-equity ratio indicating balanced leverage. The increase in stockholders' equity over time suggests strong financial health and growth. Though there is a rise in total debt, it is proportionate to the overall asset increase, demonstrating good financial management.

Cash Flow

The cash flow statement reveals stable operating cash flows and a prudent approach to capital expenditures. However, recent free cash flow figures are negative, which could raise concerns if this trend continues. The operating cash flow to net income ratio is strong, indicating efficient cash generation from operations. Nonetheless, the negative free cash flow to net income ratio highlights potential challenges in cash availability for investments or further debt reduction.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	226.90M	223.50M	224.20M	212.50M	186.80M	162.30M
Gross Profit	150.00M	149.80M	154.30M	149.50M	129.90M	106.00M
EBITDA	134.00M	425.80M	229.50M	124.50M	102.20M	87.20M
Net Income	294.80M	372.30M	200.20M	462.90M	382.00M	178.00M
Balance Sheet
Total Assets	3.52B	3.36B	2.96B	2.71B	2.12B	1.70B
Cash, Cash Equivalents and Short-Term Investments	16.90M	25.30M	16.90M	20.90M	43.20M	19.60M
Total Debt	1.03B	924.80M	827.20M	719.20M	567.00M	531.70M
Total Liabilities	1.26B	1.13B	1.02B	914.10M	742.40M	665.50M
Stockholders Equity	2.27B	2.23B	1.94B	1.79B	1.37B	1.04B
Cash Flow
Free Cash Flow	91.10M	-24.20M	-23.90M	13.60M	96.00M	74.40M
Operating Cash Flow	91.70M	95.90M	98.00M	109.80M	97.00M	75.70M
Investing Cash Flow	-160.60M	-122.60M	-124.20M	-200.90M	-66.20M	-77.60M
Financing Cash Flow	70.70M	35.40M	22.30M	69.00M	-6.30M	-12.00M

Safestore Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 767.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SAFE, the sentiment is Positive. The current price of 767.5 is above the 20-day moving average (MA) of 731.33, above the 50-day MA of 721.12, and above the 200-day MA of 666.96, indicating a bullish trend. The MACD of 16.73 indicates Negative momentum. The RSI at 64.13 is Neutral, neither overbought nor oversold. The STOCH value of 72.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:SAFE.

Safestore Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SAFE	83 Outperform	£1.67B	5.69	13.69%	4.25%	1.66%	11.42%
SRE	77 Outperform	£1.51B	8.44	12.51%	5.71%	4.80%	37.75%
DLN	72 Outperform	£2.05B	8.53	6.80%	3.93%	2.30%	―
BYG	68 Neutral	£2.05B	15.59	4.95%	4.54%	1.81%	-51.09%
GRI	67 Neutral	£1.43B	7.05	10.30%	3.62%	-8.66%	553.35%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
HMSO	64 Neutral	£1.83B	23.65	3.09%	4.33%	16.30%	―

Safestore Holdings Corporate Events

Safestore to Announce Final Results for FY 2025

Safestore Holdings plc has announced that it will release its Final Results for the financial year ending 31 October 2025 on 15 January 2026. The announcement underscores the company’s commitment to financial transparency and provides an opportunity for stakeholders, including analysts and investors, to engage via an in-person presentation or live webcast, highlighting its proactive approach in maintaining strong investor relations.

The most recent analyst rating on (GB:SAFE) stock is a Hold with a £685.00 price target. To see the full list of analyst forecasts on Safestore Holdings stock, see the GB:SAFE Stock Forecast page.

Safestore Holdings Reports Strong Q4 Growth and Expansion

Safestore Holdings reported continued growth in the fourth quarter of 2025, driven by both like-for-like and new store contributions across all markets. The company saw a 6.1% increase in group revenue year-on-year, with notable improvements in the UK and Paris markets due to robust domestic demand and increased occupancy levels. The expansion markets also showed significant growth, supported by new store openings. The company’s development program added 0.7 million sq ft of new MLA in FY 2025, with further expansion planned. This growth trajectory strengthens Safestore’s industry positioning and indicates positive implications for stakeholders.

The most recent analyst rating on (GB:SAFE) stock is a Hold with a £685.00 price target. To see the full list of analyst forecasts on Safestore Holdings stock, see the GB:SAFE Stock Forecast page.