Storagevault Canada (SVI) AI Stock Analysis

• Market Cap: C$1.44B
• Dividend Yield: 0.3%
• Average Volume (3M): 590.37K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.69
• Revenue Growth: 5.53%
• EPS Growth: -1520.00%
• Country: CA
• Employees: 900
• Sector: Real Estate
• Sector Strength: 69
• Industry: Real Estate - Services
• EPS (TTM): -0.08
• Shares Outstanding: 366,295,500
• 10 Day Avg. Volume: 894,883
• 30 Day Avg. Volume: 590,367
• 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$5.05
• Price Target Upside: 28.50% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

Storagevault Canada's stock score reflects strong revenue growth and operational efficiency, but is weighed down by persistent net losses and high debt levels. While technical indicators suggest stability, the high leverage and negative P/E ratio are significant risks.

Positive Factors

Acquisitions

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

Earnings

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

Valuation

The shares are trading at an attractive valuation.

Negative Factors

FFO 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.

Storagevault Canada Business Overview & Revenue Model

Company Description

StorageVault Canada Inc. is a leading Canadian company operating in the self-storage sector. It provides personal and commercial storage solutions across various locations in Canada, offering a range of storage units to accommodate different needs. The company also offers related services such as moving supplies and truck rentals to enhance customer convenience.

How the Company Makes Money

StorageVault Canada makes money primarily through renting storage units to individuals and businesses. Their revenue model is based on rental income from a diverse portfolio of storage facilities located in strategic areas across Canada. Additionally, the company generates income through ancillary services such as sales of moving supplies and rental of moving trucks. Strategic acquisitions and partnerships in the storage industry further contribute to their revenue growth by expanding their market reach and service offerings.

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: 3.93
• 50DMA: Positive
• 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 3.93 is below the 20-day moving average (MA) of 3.94, above the 50-day MA of 3.87, and below the 200-day MA of 4.32, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 50.73 is Neutral, neither overbought nor oversold. The STOCH value of 56.90 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%	7.32%	9.46%	-42.77%
CHP.UN	72 Outperform	$10.10B	12.88	16.69%	5.74%	2.51%	-1.55%
CAR.UN	72 Outperform	C$7.01B	24.86	3.20%	3.41%	4.45%	―
REI.UN	68 Neutral	$5.11B	10.92	6.34%	6.75%	11.62%	1120.60%
Sector *	61 Neutral	$4.71B	17.93	-2.95%	11.44%	6.38%	-21.59%
SVI	58 Neutral	C$1.44B	―	-18.50%	0.30%	5.53%	-1520.00%
MR.UN	56 Neutral	C$70.65M	―	-16.65%	2.94%	-2.12%	-287.56%

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.

StorageVault Canada Awards New Options to Key Personnel

StorageVault Canada Inc. has announced the issuance of 1,600,000 options to purchase common shares to its directors, officers, employees, and consultants at an exercise price of $4.00 per share, set to expire on January 2, 2035. This strategic move expands the company’s options pool to 36,459,000, which may further solidify its position in the Canadian storage industry and potentially enhance stakeholder value.