Storagevault Canada (SVI) AI Stock Analysis

• Market Cap: C$1.36B
• Dividend Yield: 0.32%
• Average Volume (3M): 498.40K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.62
• Revenue Growth: 5.77%
• EPS Growth: -388.17%
• Country: CA
• Employees: 900
• Sector: Real Estate
• Sector Strength: 83
• Industry: Real Estate - Services
• EPS (TTM): -0.09
• Shares Outstanding: 365,548,950
• 10 Day Avg. Volume: 257,139
• 30 Day Avg. Volume: 498,397
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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: C$4.79
• Price Target Upside: 30.16% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

Storagevault Canada's overall stock score is influenced by strong revenue growth and cash flow generation, offset by high financial leverage and persistent net losses. The technical analysis indicates a bearish trend with weak momentum, and valuation metrics suggest the stock is overvalued. However, recent corporate actions, including strategic expansions and dividend increases, offer a positive long-term outlook. Addressing profitability and debt levels will be crucial for future performance.

Positive Factors

Acquisitions

StorageVault has been active in completing acquisitions and has already exceeded its 2025 target of $100 million, which is considered highly accretive.

Cash Flow

Healthy operating performance resulted in a 4% increase in cash flow.

Valuation

StorageVault trades at a 21.0% discount to the analyst's NAV estimate, which is larger than the average discount for US self-storage REITs.

Negative Factors

Diluted FFO

Diluted FFO per share down 3% year-over-year in Q3/24.

Interest Expense

Greater interest expense mostly from mortgage refinancing affected organic growth.

Vacancy Rates

A number of the properties acquired carried greater than average vacancy, which led to lower revenue than expected.

Storagevault Canada Business Overview & Revenue Model

Company Description

StorageVault Canada (SVI) is a prominent player in the Canadian self-storage industry, providing a range of storage solutions for personal, business, and vehicle needs. The company operates a network of self-storage facilities across Canada, offering customers secure, convenient, and flexible storage options. StorageVault Canada's services include short-term and long-term storage rentals, catering to diverse customer requirements with a variety of unit sizes and features such as climate control and enhanced security systems.

How the Company Makes Money

StorageVault Canada primarily generates its revenue through the rental of self-storage units to individuals and businesses. The company's key revenue streams include monthly rental fees for storage spaces, fees for additional services such as insurance and packing supplies, and revenue from ancillary services like truck rentals. Significant factors contributing to StorageVault Canada's earnings include its strategic location of facilities in high-demand areas, the expansion of its facility network, and the acquisition of existing storage businesses to increase market share. The company's partnerships with real estate developers and its focus on customer service enhancements also play a crucial role in driving revenue growth.

Storagevault Canada Financial Statement Overview

Summary

Storagevault Canada demonstrates a capacity for revenue growth and operational cash generation, but profitability remains a key challenge with consistent net losses. The heavy debt load poses a risk, although the company manages to maintain positive cash flows. Improving margins and reducing reliance on debt would be critical for enhancing financial health and shareholder returns.

Income Statement

The company shows consistent revenue growth over the years, with a TTM revenue increase to $309.6 million. However, the gross profit margin has declined in the latest TTM period to 49.2% from 66.2% in 2024, indicating increased costs or pricing pressure. The net profit margin remains negative, which is concerning, reflecting ongoing losses. EBITDA margin is robust at 51.6% for TTM, showing strong operational cash generation despite net losses.

Balance Sheet

The balance sheet shows high leverage with a debt-to-equity ratio of 19.68 in TTM, which is risky and limits financial flexibility. The equity ratio is low at 4.7%, indicating heavy reliance on debt financing. The company's return on equity is negative due to consistent net losses, suggesting inefficiencies in generating returns for shareholders.

Cash Flow

The operating cash flow remains strong and consistently positive, with a TTM value of $101.3 million. The free cash flow is positive but has decreased from the previous year, indicating potential challenges in cash generation post-capex. The operating cash flow to net income ratio is strong due to large non-cash expenses, but the free cash flow to net income ratio reflects the impact of ongoing net losses.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
304.71M	288.72M	261.83M	208.66M	155.46M
	Gross Profit
201.60M	193.59M	176.03M	139.00M	104.21M
	EBIT
71.90M	64.99M	37.23M	16.71M	-213.87K
	EBITDA
157.88M	177.67M	128.10M	108.01M	84.23M
	Net Income Common Stockholders
-30.22M	-1.70M	-41.24M	-35.87M	-33.28M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
16.34M	13.86M	22.53M	25.14M	25.53M
	Total Assets
2.23B	2.04B	2.02B	1.84B	1.59B
	Total Debt
2.03B	1.77B	1.74B	1.54B	1.30B
	Net Debt
2.02B	1.76B	1.71B	1.51B	1.27B
	Total Liabilities
2.10B	1.85B	1.81B	1.61B	1.38B
	Stockholders Equity
130.81M	195.87M	207.16M	222.21M	210.18M
Cash Flow		Free Cash Flow
106.99M	11.12M	31.71M	28.01M	15.82M
	Operating Cash Flow
106.99M	77.99M	67.31M	57.02M	43.14M
	Investing Cash Flow
-297.60M	-78.87M	-249.50M	-255.66M	-206.92M
	Financing Cash Flow
193.09M	-7.80M	179.58M	198.25M	164.85M

Storagevault Canada Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.68
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SVI, the sentiment is Negative. The current price of 3.68 is below the 20-day moving average (MA) of 3.75, below the 50-day MA of 3.85, and below the 200-day MA of 4.24, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 46.23 is Neutral, neither overbought nor oversold. The STOCH value of 33.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SVI.

Storagevault Canada Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SRU.UN	76 Outperform	C$4.30B	19.01	4.50%	7.28%	9.46%	-42.77%
CHP.UN	76 Outperform	$10.48B	19.19	11.80%	5.11%	0.70%	-18.29%
REI.UN	71 Outperform	$5.08B	10.85	6.34%	6.49%	11.62%	1120.60%
CAR.UN	68 Neutral	C$6.66B	23.71	3.20%	3.62%	4.45%	―
Sector *	59 Neutral	$2.74B	11.73	0.14%	8782.99%	5.34%	-16.62%
MR.UN	56 Neutral	C$71.17M	―	-16.65%	0.73%	-2.12%	-287.56%
SVI	54 Neutral	C$1.36B	―	-23.06%	0.32%	5.77%	-388.17%

Storagevault Canada Corporate Events

StorageVault Canada Expands with $126.2 Million Acquisitions and Reports Q1 2025 Growth

StorageVault Canada Inc. reported its first-quarter 2025 results, highlighting a revenue increase to $76.3 million and a net operating income of $47.7 million. Despite a net loss of $11.4 million due to non-cash and non-recurring items, the company achieved growth in adjusted funds from operations and completed 100,000 square feet of new space. StorageVault also announced the acquisition of 12 complementary locations for $126.2 million, expanding its footprint in Ontario, Manitoba, and British Columbia. These strategic moves are expected to enhance the company’s operational capacity and financial performance, positioning it for future growth in the competitive self-storage market.

Spark’s Take on TSE:SVI Stock

According to Spark, TipRanks’ AI Analyst, TSE:SVI is a Neutral.

Storagevault Canada’s overall stock score reflects a mix of strengths and challenges. Strong revenue growth and cash flow generation are offset by high financial leverage and persistent net losses. The stock’s technical indicators suggest a bearish trend, and the negative P/E ratio raises valuation concerns. However, recent corporate actions, including dividend increases and strategic expansions, provide a positive outlook for long-term growth and shareholder value.

To see Spark’s full report on TSE:SVI stock, click here.

StorageVault Canada Declares Q1 2025 Dividend

StorageVault Canada Inc. announced a quarterly dividend of $0.002946 per common share, payable on April 15, 2025, to shareholders of record on March 31, 2025. This move underscores StorageVault’s commitment to returning value to its shareholders and may enhance its attractiveness to investors seeking income-generating assets.

StorageVault Canada Announces Fiscal 2024 Results and Strategic 2025 Outlook

StorageVault Canada Inc. has reported its fiscal 2024 results, showing revenue growth to $304.7 million and an increase in net operating income to $201.6 million. The company completed $215 million in acquisitions, adding 825,000 rentable square feet to its platform. Despite a net loss of $30.2 million, the company emphasizes its strategic expansion plans for 2025, including over $100 million in acquisitions and further expansions, aiming to enhance its market presence and increase free cash flow. The announcement also includes a credit line renewal and upsizing, alongside a dividend increase, highlighting StorageVault’s ongoing commitment to growth and shareholder value.

StorageVault Canada Doubles Acquisitions and Boosts Dividends Amid Q2 Growth

StorageVault Canada Inc. reported its 2024 second quarter results, highlighting an increase in revenue to $74.1 million and a growth in net operating income to $49.9 million. The company announced a doubling of projected acquisitions, totaling $204.5 million, and an increase in its dividend. Despite facing challenges from slow housing sales and cautious consumer spending, StorageVault achieved notable growth in same store revenue, net operating income, and adjusted funds from operations. The company’s strategic focus remains on maximizing free cash flow while controlling costs, indicating a robust approach to maintaining financial health amidst market headwinds.