Storagevault Canada (SVI) AI Stock Analysis

• Market Cap: C$1.54B
• Dividend Yield: 0.28%
• Average Volume (3M): 247.72K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.68
• Revenue Growth: 5.77%
• EPS Growth: -388.17%
• Country: CA
• Employees: 900
• Sector: Real Estate
• Sector Strength: 62
• Industry: Real Estate - Services
• EPS (TTM): -0.09
• Shares Outstanding: 365,258,030
• 10 Day Avg. Volume: 218,518
• 30 Day Avg. Volume: 247,719
• PEG Ratio: 3.47
• Price to Book (P/B): 13.37
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 26.65
• 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$4.65
• Price Target Upside: 12.59% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 63 Neutral
• Price Target: C$4.50 ▲(8.96%Upside)

The overall score is driven by solid technical momentum and positive corporate events. However, financial performance and valuation concerns, particularly profitability challenges and high leverage, weigh down the score.

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.

Financial Performance

Basic FFO per share up 5% year-over-year in the quarter.

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

Economic Concerns

There are concerns about the economy and a slower pace of population growth will likely weigh on operating performance in the near term.

Revenue

Funds from operations (FFO) per share was below the analyst's estimate, driven by lower revenue due to elevated vacancy.

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 Inc. owns, manages, and rents self-storage and portable storage space in Canada. It operates through three segments: Self Storage, Portable Storage, and Management Fees. The company manages 34 stores owned by third parties; and stores, shreds, and manages documents and records for customers. As of October 11, 2022, it owned and operated 236 storage locations, including 204 owned locations, as well as approximately 4,500 portable storage units in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, and Nova Scotia. The company operates its stores under the Access Storage, Depotium Mini-Entrepots, Sentinel Storage, and Storage For Your Life brands; portable storage under the Cubeit and PUPS brands; and record management under the RecordXpress brand. It serves individuals, governments, and commercial customers. StorageVault Canada Inc. was incorporated in 2007 and is headquartered in Toronto, Canada.

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
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
309.59M	304.71M	288.72M	261.83M	208.66M	155.46M
	Gross Profit
152.16M	201.60M	193.59M	176.03M	139.00M	104.21M
	EBIT
71.82M	71.90M	64.99M	37.23M	16.71M	-213.87K
	EBITDA
159.67M	157.88M	177.67M	128.10M	108.01M	84.23M
	Net Income Common Stockholders
-33.63M	-30.22M	-1.70M	-41.24M	-35.87M	-33.28M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
17.87M	16.34M	13.86M	22.53M	25.14M	25.53M
	Total Assets
2.26B	2.23B	2.04B	2.02B	1.84B	1.59B
	Total Debt
2.08B	2.03B	1.77B	1.74B	1.54B	1.30B
	Net Debt
2.06B	2.02B	1.76B	1.71B	1.51B	1.27B
	Total Liabilities
2.15B	2.10B	1.85B	1.81B	1.61B	1.38B
	Stockholders Equity
105.81M	130.81M	195.87M	207.16M	222.21M	210.18M
Cash Flow		Free Cash Flow
52.94M	106.99M	11.12M	31.71M	28.01M	15.82M
	Operating Cash Flow
101.29M	106.99M	77.99M	67.31M	57.02M	43.14M
	Investing Cash Flow
-293.38M	-297.60M	-78.87M	-249.50M	-255.66M	-206.92M
	Financing Cash Flow
195.62M	193.09M	-7.80M	179.58M	198.25M	164.85M

Storagevault Canada Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.13
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SVI, the sentiment is Positive. The current price of 4.13 is above the 20-day moving average (MA) of 3.96, above the 50-day MA of 3.85, and above the 200-day MA of 4.13, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 59.98 is Neutral, neither overbought nor oversold. The STOCH value of 84.73 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SVI.

Storagevault Canada Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MEQ	77 Outperform	C$1.78B	7.26	15.90%	0.07%	16.22%	39.56%
AIF	66 Neutral	C$2.32B	178.14	2.13%	1.15%	-23.26%	-644.01%
SVI	63 Neutral	C$1.54B	―	-23.06%	0.28%	5.77%	-388.17%
Sector *	61 Neutral	$2.83B	10.91	0.42%	8438.90%	5.74%	-20.95%
IEI	47 Neutral	C$34.02M	13.52	2.31%	2.22%	-3.35%	―
PKTEF		$78.24M	―	-3.10%	―	―	―
BREUF		$103.73M	―		8.90%	―	―

Storagevault Canada Corporate Events

StorageVault Canada Reports Successful Shareholders Meeting Outcomes

StorageVault Canada Inc. announced the results of its annual general and special shareholders meeting, where all proposed matters were approved. This includes the re-appointment of MNP LLP as auditors and the approval of unallocated options under the stock option plan. The election of directors saw six members elected, with Deborah Robinson and Mary Vitug receiving the highest approval rates, reinforcing the company’s governance and strategic direction.

The most recent analyst rating on (TSE:SVI) stock is a Buy with a C$5.75 price target. To see the full list of analyst forecasts on Storagevault Canada stock, see the TSE:SVI Stock Forecast page.

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.

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.