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Safestore Holdings

BATS-CHIXE:SAFEL
Snowflake Description

Established dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SAFEL
BATS-CHIXE
£1B
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

Safestore is the UK's largest self-storage group with 149 stores, comprising 122 wholly owned stores in the UK (including 70 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool and Bristol) and 28 wholly owned stores in the Paris region. The last earnings update was 46 days ago. More info.


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  • Safestore Holdings has significant price volatility in the past 3 months.
SAFEL Share Price and Events
7 Day Returns
7.2%
BATS-CHIXE:SAFEL
6.6%
GB REITs
6%
GB Market
1 Year Returns
4.7%
BATS-CHIXE:SAFEL
-20%
GB REITs
-22.7%
GB Market
SAFEL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Safestore Holdings (SAFEL) 7.2% -21.8% -22.8% 4.7% 64.7% 114.3%
GB REITs 6.6% -22.8% -28.8% -20% -16.1% -22%
GB Market 6% -20.3% -28.1% -22.7% -24.6% -22%
1 Year Return vs Industry and Market
  • SAFEL outperformed the REITs industry which returned -20% over the past year.
  • SAFEL outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -22.7% over the past year.
Price Volatility
SAFEL
Industry
5yr Volatility vs Market

SAFEL Value

 Is Safestore Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Safestore Holdings. This is due to cash flow or dividend data being unavailable. The share price is £6.225.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Safestore Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Safestore Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:SAFEL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-10-31) in GBP £0.63
LSE:SAFE Share Price ** LSE (2020-03-27) in GBP £6.3
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 38 Publicly-Listed REITs Companies 12.85x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 747 Publicly-Listed Companies 12.54x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Safestore Holdings.

BATS-CHIXE:SAFEL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:SAFE Share Price ÷ EPS (both in GBP)

= 6.3 ÷ 0.63

10.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Safestore Holdings is good value based on earnings compared to the GB REITs industry average.
  • Safestore Holdings is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Safestore Holdings's expected growth come at a high price?
Raw Data
BATS-CHIXE:SAFEL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
-6.7%per year
United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio Median Figure of 22 Publicly-Listed REITs Companies 0.65x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 531 Publicly-Listed Companies 0.98x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:SAFEL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.02x ÷ -6.7%

-1.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Safestore Holdings earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Safestore Holdings's assets?
Raw Data
BATS-CHIXE:SAFEL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-10-31) in GBP £4.21
LSE:SAFE Share Price * LSE (2020-03-27) in GBP £6.3
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 53 Publicly-Listed REITs Companies 0.74x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,322 Publicly-Listed Companies 1.08x
BATS-CHIXE:SAFEL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:SAFE Share Price ÷ Book Value per Share (both in GBP)

= 6.3 ÷ 4.21

1.5x

* Primary Listing of Safestore Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Safestore Holdings is overvalued based on assets compared to the GB REITs industry average.
X
Value checks
We assess Safestore Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Safestore Holdings has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SAFEL Future Performance

 How is Safestore Holdings expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-6.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Safestore Holdings expected to grow at an attractive rate?
  • Safestore Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Safestore Holdings's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Safestore Holdings's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:SAFEL Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:SAFEL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts -6.7%
BATS-CHIXE:SAFEL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 4.1%
United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate Market Cap Weighted Average 24.2%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:SAFEL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:SAFEL Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-10-31 189 1
2023-10-31 174 1
2022-10-31 173 85 93 7
2021-10-31 166 80 101 8
2020-10-31 159 77 80 8
2020-03-29
BATS-CHIXE:SAFEL Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-10-31 152 67 132
2019-07-31 150 66 130
2019-04-30 148 65 127
2019-01-31 146 63 152
2018-10-31 144 61 177
2018-07-31 140 58 141
2018-04-30 137 55 104
2018-01-31 133 56 91
2017-10-31 130 56 78
2017-07-31 127 53 89
2017-04-30 124 51 101
2017-01-31 120 49 94

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Safestore Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Safestore Holdings's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:SAFEL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Safestore Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:SAFEL Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-10-31
2023-10-31
2022-10-31 0.42 0.54 0.32 4.00
2021-10-31 0.46 0.72 0.31 5.00
2020-10-31 0.36 0.49 0.22 4.00
2020-03-29
BATS-CHIXE:SAFEL Past Financials Data
Date (Data in GBP Millions) EPS *
2019-10-31 0.63
2019-07-31 0.62
2019-04-30 0.60
2019-01-31 0.72
2018-10-31 0.84
2018-07-31 0.67
2018-04-30 0.50
2018-01-31 0.44
2017-10-31 0.37
2017-07-31 0.43
2017-04-30 0.48
2017-01-31 0.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Safestore Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Safestore Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Safestore Holdings has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SAFEL Past Performance

  How has Safestore Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Safestore Holdings's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Safestore Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Safestore Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Safestore Holdings's 1-year earnings growth is negative, it can't be compared to the GB REITs industry average.
Earnings and Revenue History
Safestore Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Safestore Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:SAFEL Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-10-31 151.80 132.10 17.90
2019-07-31 149.80 129.60 17.45
2019-04-30 147.80 127.10 17.00
2019-01-31 145.85 152.15 16.85
2018-10-31 143.90 177.20 16.70
2018-07-31 140.20 140.60 15.60
2018-04-30 136.50 104.00 14.50
2018-01-31 133.20 91.15 13.45
2017-10-31 129.90 78.30 12.40
2017-07-31 126.90 89.40 12.05
2017-04-30 123.90 100.50 11.70
2017-01-31 119.65 93.95 11.45
2016-10-31 115.40 87.40 11.20
2016-07-31 111.95 91.00 11.90
2016-04-30 108.50 94.60 12.60
2016-01-31 106.65 101.65 12.05
2015-10-31 104.80 108.70 11.50
2015-07-31 103.10 105.25 11.80
2015-04-30 101.40 101.80 12.10
2015-01-31 99.65 74.30 12.60
2014-10-31 97.90 46.80 13.10
2014-07-31 96.90 42.70 13.15
2014-04-30 95.90 38.60 13.20
2014-01-31 96.00 73.55 14.55
2013-10-31 96.10 108.50 15.90
2013-07-31 96.78 90.80 18.74
2013-04-30 97.47 73.10 21.58

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Safestore Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Safestore Holdings used its assets more efficiently than the GB REITs industry average last year based on Return on Assets.
  • Safestore Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Safestore Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Safestore Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SAFEL Health

 How is Safestore Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Safestore Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Safestore Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Safestore Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Safestore Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Safestore Holdings Company Filings, last reported 4 months ago.

BATS-CHIXE:SAFEL Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-10-31 885.90 413.60 33.20
2019-07-31 885.90 413.60 33.20
2019-04-30 798.50 385.20 18.60
2019-01-31 798.50 385.20 18.60
2018-10-31 788.60 370.10 10.50
2018-07-31 788.60 370.10 10.50
2018-04-30 703.70 368.70 5.40
2018-01-31 703.70 368.70 5.40
2017-10-31 637.70 363.80 65.60
2017-07-31 637.70 363.80 65.60
2017-04-30 620.20 314.50 6.30
2017-01-31 620.20 314.50 6.30
2016-10-31 587.40 319.10 5.40
2016-07-31 587.40 319.10 5.40
2016-04-30 533.90 258.10 11.20
2016-01-31 533.90 258.10 11.20
2015-10-31 490.60 250.90 13.80
2015-07-31 490.60 250.90 13.80
2015-04-30 448.00 264.20 13.10
2015-01-31 448.00 264.20 13.10
2014-10-31 408.00 269.40 15.30
2014-07-31 408.00 269.40 15.30
2014-04-30 370.40 265.30 6.60
2014-01-31 370.40 265.30 6.60
2013-10-31 345.90 342.90 15.80
2013-07-31 345.90 342.90 15.80
2013-04-30 313.64 350.10 14.06
  • Safestore Holdings's level of debt (46.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (65.9% vs 46.7% today).
  • Debt is not well covered by operating cash flow (16.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6x coverage).
X
Financial health checks
We assess Safestore Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Safestore Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SAFEL Dividends

 What is Safestore Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.78%
Current annual income from Safestore Holdings dividends. Estimated to be 3.12% next year.
If you bought £2,000 of Safestore Holdings shares you are expected to receive £56 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Safestore Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.7%).
  • Safestore Holdings's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.3%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:SAFEL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland REITs Industry Average Dividend Yield Market Cap Weighted Average of 48 Stocks 5.3%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 630 Stocks 6%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.4%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:SAFEL Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2024-10-31
2023-10-31 0.20 1.00
2022-10-31 0.21 10.00
2021-10-31 0.20 11.00
2020-10-31 0.18 11.00
2020-03-29
BATS-CHIXE:SAFEL Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2020-02-12 0.175 2.385
2020-01-07 0.175 2.223
2019-03-04 0.163 2.467
2019-02-08 0.163 2.757
2019-01-08 0.163 2.938
2018-03-21 0.140 2.614
2017-02-17 0.117 2.665
2017-01-09 0.117 3.181
2016-02-17 0.097 2.733
2016-01-21 0.097 2.877
2015-03-19 0.075 2.451
2014-01-31 0.058 2.557
2013-06-27 0.057 3.887
2013-01-30 0.057 4.474
2012-06-27 0.054 5.146
2012-02-22 0.053 4.611
2012-01-26 0.053 4.626
2011-06-23 0.050 4.682
2011-01-18 0.050 3.383
2010-01-29 0.047 3.680
2009-12-30 0.047 3.185
2009-06-30 0.047 3.729

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Safestore Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Safestore Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Safestore Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Safestore Holdings has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SAFEL Management

 What is the CEO of Safestore Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Frederic Vecchioli
COMPENSATION £1,134,000
AGE 53
TENURE AS CEO 6.5 years
CEO Bio

Mr. Frederic Vecchioli serves as the Chief Executive Officer and Director of Safestore Limited. Mr. Vecchioli has been the Chief Executive Officer of Safestore Holdings plc since September 4, 2013 and has been its Director since March 24, 2011. He joined Safestore Group in 1998 as President and Head of French Operations. He served as the President of Une Pièce En Plus' brand at Safestore Holdings plc. Mr. Vecchioli is a founding Director of French business and has overseen its growth to 26 stores in Paris operating under the `Une Pièce En Plus' brand. He has been an Executive Director at Safestore Holdings plc since March 23, 2011. He holds a Master of Finance degree from the University of Paris Dauphine.

CEO Compensation
  • Frederic's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Frederic's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Safestore Holdings management team in years:

6.8
Average Tenure
  • The average tenure for the Safestore Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Frederic Vecchioli

TITLE
CEO & Director
COMPENSATION
£1M
AGE
53
TENURE
6.5 yrs

Andy Jones

TITLE
CFO & Director
COMPENSATION
£838K
AGE
52
TENURE
6.8 yrs

David Davies

TITLE
Business Development Director
TENURE
11.2 yrs

Helen Bramall

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the Safestore Holdings board of directors in years:

5
Average Tenure
53
Average Age
  • The tenure for the Safestore Holdings board of directors is about average.
Board of Directors

David L. Hearn

TITLE
Independent Non-Executive Chairman
AGE
63
TENURE
0.2 yrs

Frederic Vecchioli

TITLE
CEO & Director
COMPENSATION
£1M
AGE
53
TENURE
9 yrs

Andy Jones

TITLE
CFO & Director
COMPENSATION
£838K
AGE
52
TENURE
7.2 yrs

Ian Krieger

TITLE
Senior Independent Director
COMPENSATION
£53K
AGE
67
TENURE
5 yrs

Claire Balmforth

TITLE
Independent Non-Executive Director
COMPENSATION
£53K
AGE
51
TENURE
3.6 yrs

Jo Kenrick

TITLE
Independent Non-Executive Director
COMPENSATION
£43K
AGE
53
TENURE
5.4 yrs

Bill Oliver

TITLE
Independent Non-Executive Director
COMPENSATION
£43K
AGE
62
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Safestore Holdings individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
20. Mar 20 Buy Ian Krieger Individual 19. Mar 20 19. Mar 20 20,000 £0.06 £1,130
09. Apr 19 Sell Andrew Jones Individual 04. Apr 19 04. Apr 19 -46,971 £6.20 £-291,244
09. Apr 19 Sell Frederic Vecchioli Individual 04. Apr 19 04. Apr 19 -59,843 £6.20 £-371,057
X
Management checks
We assess Safestore Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Safestore Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SAFEL News

Simply Wall St News

SAFEL Company Info

Description

Safestore is the UK's largest self-storage group with 149 stores, comprising 122 wholly owned stores in the UK (including 70 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool and Bristol) and 28 wholly owned stores in the Paris region. Safestore was founded in the UK in 1998. It acquired the French business “Une Pièce en Plus” in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.

Details
Name: Safestore Holdings plc
SAFEL
Exchange: BATS-CHIXE
Founded: 1998
£1,325,750,472
210,436,583
Website: http://www.safestore.com
Address: Safestore Holdings plc
Brittanic House,
Stirling Way,
Borehamwood,
Hertfordshire, WD6 2BT,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE SAFE Ordinary Shares London Stock Exchange GB GBP 09. Mar 2007
OTCPK SFSH.F Ordinary Shares Pink Sheets LLC US USD 09. Mar 2007
BATS-CHIXE SAFEL Ordinary Shares BATS 'Chi-X Europe' GB GBP 09. Mar 2007
Number of employees
Current staff
Staff numbers
643
Safestore Holdings employees.
Industry
Specialized REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 19:47
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/02/12
Last earnings reported: 2019/10/31
Last annual earnings reported: 2019/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.