Storagevault Canada (SVI) AI Stock Analysis

• Market Cap: C$1.33B
• Dividend Yield: 0.31%
• Average Volume (3M): 510.49K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.63
• Revenue Growth: 5.53%
• EPS Growth: -1520.00%
• Country: CA
• Employees: 900
• Sector: Real Estate
• Sector Strength: 77
• Industry: Real Estate - Services
• EPS (TTM): -0.08
• Shares Outstanding: 366,295,500
• 10 Day Avg. Volume: 356,468
• 30 Day Avg. Volume: 510,491
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 4.90
• Price to Cash Flow (P/CF): 11.90
• P/FCF Ratio: 7.40
• 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$5.02
• Price Target Upside: 36.41% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

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.

Positive Factors

Cash Flow Growth

Stabilizing acquired properties should provide boost to cash flow growth in 2025.

Property Acquisition

Year-to-date 2024, SVI has acquired $204.5 million of properties, well exceeding management’s initial target.

Valuation

Shares are trading at an attractive valuation.

Negative Factors

Financial Performance

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

Interest Expense

Greater interest expense mostly from mortgage refinancing affected organic growth.

Operating Performance

Concerns about the economy and a slower pace of population growth will likely weigh on operating performance.

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 exhibits solid revenue growth and operational efficiency, as evidenced by its increasing revenues and gross profit margin. However, persistent net losses and high leverage present significant financial risks. The company's ability to generate strong operating cash flows is a positive aspect, but the high debt levels and negative equity changes could affect its financial stability and flexibility in the long term.

Income Statement

Storagevault Canada has demonstrated consistent revenue growth, with a notable increase from $134.96 million in 2019 to $304.71 million in 2024. However, profit margins remain a concern, as the company has reported negative net income in recent years, including a net loss of $30.22 million in 2024. The gross profit margin for 2024 stands at 66.2%, indicating strong operational efficiency. Despite this, the absence of EBIT and negative net income weigh down the profitability metrics.

Balance Sheet

The company's balance sheet highlights a high debt-to-equity ratio, as total debt significantly outweighs stockholders' equity, with a ratio of approximately 15.53 in 2024. This high leverage could pose risks in volatile market conditions. The equity ratio is relatively low at 5.85%, suggesting limited equity financing in the capital structure. Despite total assets increasing, equity has declined, indicating potential financial risk.

Cash Flow

Storagevault Canada has shown strong operating cash flow growth from $39.65 million in 2019 to $106.99 million in 2024, reflecting effective cash generation from core operations. The free cash flow to net income ratio is favorable, suggesting efficient cash utilization despite negative net income. However, investing cash flow remains heavily negative, reflecting substantial capital expenditures or investments.

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
0.00	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: Positive
• 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 3.80, below the 50-day MA of 3.86, and below the 200-day MA of 4.26, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 42.95 is Neutral, neither overbought nor oversold. The STOCH value of 58.82 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$4.27B	18.85	4.50%	7.39%	9.46%	-42.77%
CAR.UN	64 Neutral	C$6.49B	23.10	3.20%	3.72%	4.45%	―
Sector *	59 Neutral	$2.72B	11.53	0.09%	8679.99%	5.56%	-16.50%
MR.UN	56 Neutral	C$71.04M	―	-16.65%	0.73%	-2.12%	-287.56%
SVI	54 Neutral	C$1.33B	―	-18.50%	0.31%	5.53%	-1520.00%

Storagevault Canada Corporate Events

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.