Why is Public Storage ?
1
Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 24.34%
2
Poor long term growth as Net Sales has grown by an annual rate of 10.58%
3
Flat results in Jun 25
- OPERATING CASH FLOW(Y) Lowest at USD 3,145.16 MM
- ROCE(HY) Lowest at 18.99%
- DEBT-EQUITY RATIO (HY) Highest at 99.61 %
4
With ROE of 20.72%, it has a very expensive valuation with a 5.55 Price to Book Value
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -17.21%, its profits have fallen by -7.5%
5
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -17.21% returns in the last 1 year, the stock has also underperformed S&P 500 in each of the last 3 annual periods
How much should you hold?
- Overall Portfolio exposure to Public Storage should be less than 10%
- Overall Portfolio exposure to Realty should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Realty)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Public Storage for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Public Storage
-17.33%
0.07
22.48%
S&P 500
13.22%
0.64
20.20%
Quality key factors
Factor
Value
Sales Growth (5y)
10.58%
EBIT Growth (5y)
7.47%
EBIT to Interest (avg)
23.06
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0
Tax Ratio
0.23%
Dividend Payout Ratio
112.80%
Pledged Shares
0
Institutional Holding
83.79%
ROCE (avg)
32.34%
ROE (avg)
24.34%
Valuation Key Factors 
Factor
Value
P/E Ratio
27
Industry P/E
Price to Book Value
5.55
EV to EBIT
23.89
EV to EBITDA
15.82
EV to Capital Employed
5.70
EV to Sales
11.19
PEG Ratio
NA
Dividend Yield
3.97%
ROCE (Latest)
23.84%
ROE (Latest)
20.72%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
No Trend
Mildly Bearish
OBV
No Trend
Mildly Bearish
Technical Movement
6What is working for the Company
INTEREST COVERAGE RATIO(Q)
Highest at 1,192.46
DIVIDEND PAYOUT RATIO(Y)
Highest at 170.81%
RAW MATERIAL COST(Y)
Fallen by 0.43% (YoY
DEBTORS TURNOVER RATIO(HY)
Highest at 121.01 times
NET SALES(Q)
Highest at USD 1,201.09 MM
-14What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at USD 3,145.16 MM
ROCE(HY)
Lowest at 18.99%
DEBT-EQUITY RATIO
(HY)
Highest at 99.61 %
PRE-TAX PROFIT(Q)
Lowest at USD 364.65 MM
NET PROFIT(Q)
Lowest at USD 358.42 MM
EPS(Q)
Lowest at USD 1.76
Here's what is working for Public Storage
Interest Coverage Ratio
Highest at 1,192.46
in the last five periodsMOJO Watch
The company's ability to manage interest payments is improving
Operating Profit to Interest
Net Sales
Highest at USD 1,201.09 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (USD MM)
Debtors Turnover Ratio
Highest at 121.01 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Dividend Payout Ratio
Highest at 170.81%
in the last five yearsMOJO Watch
Company is distributing higher proportion of profits generated as dividend
DPR (%)
Raw Material Cost
Fallen by 0.43% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Public Storage
Operating Cash Flow
Lowest at USD 3,145.16 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (USD MM)
Debt-Equity Ratio
Highest at 99.61 % and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Pre-Tax Profit
Lowest at USD 364.65 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (USD MM)
Pre-Tax Profit
At USD 364.65 MM has Fallen at -27.04%
over average net sales of the previous four periods of USD 499.78 MMMOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (USD MM)
Net Profit
Lowest at USD 358.42 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is negative
Net Profit (USD MM)
Net Profit
At USD 358.42 MM has Fallen at -27.66%
over average net sales of the previous four periods of USD 495.45 MMMOJO Watch
Near term Net Profit trend is negative
Net Profit (USD MM)
EPS
Lowest at USD 1.76
in the last five periodsMOJO Watch
Declining profitability; company has created lower earnings for shareholders
EPS (USD)






