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StorageVault Canada (SVI-T)
TSE:SVI
4.73
0.03
(0.64%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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$4.610
Owned
Great sector, recession resilient, flourishes with life's disasters. Largest operator in Canada. Internal growth 4-6% range, which he thinks is pretty good for a defensive asset class, but the market's less excited. Underperformed this year. Growing cashflow environment.
We would be a bit more interested in SVI in the $4.25 range. The company has done an admirable job building out its business and consolidating its acquisitions. There are still plenty of small operators it can acquire. The stock had an initial big run and now has paused a bit (down 19% YTD) as investors reconsider economic prospects and the company's quite-high debt load. We do not think SVI has done anything wrong, but we would consider it a higher risk position now with higher interest rates and somewhat of an economic slowdown. It may see some tax loss selling. Generally though we like it, but would like it more a bit cheaper to reflect some of the risks here.
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SVI has grown very nicely via acquisition of self-storage units.
Revenue has doubled in three years. It remains unprofitable, but cash flow is now positive.
Debt is VERY high at more than 20X cash flow, and remains the main risk. Insiders own 2% directly but 35% through holding companies.
Good growth is expected.
While we like the strategy and it has done well enough, the debt keeps our enthusiasm checked.
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It is the main player in the self storage business which is stable. It has good internal and external growth and is getting more adept in fine tuning its margins since it is such a large operator.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The growth has been nice and it should continue. Debt has increased significantly and the 10x sales valuation is a big concern. One of the largest players in the space. So far the company has done what they said they would. Unlock Premium - Try 5i Free
StorageVault Canada(SVI-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 4
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 5
StorageVault Canada(SVI-T) Frequently Asked Questions
What is StorageVault Canada stock symbol?
StorageVault Canada is a Canadian stock, trading under the symbol SVI-T on the Toronto Stock Exchange (SVI-CT). It is usually referred to as TSX:SVI or SVI-T
Is StorageVault Canada a buy or a sell?
In the last year, 5 stock analysts published opinions about SVI-T. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for StorageVault Canada.
Is StorageVault Canada a good investment or a top pick?
StorageVault Canada was recommended as a Top Pick by on . Read the latest stock experts ratings for StorageVault Canada.
Why is StorageVault Canada stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is StorageVault Canada worth watching?
5 stock analysts on Stockchase covered StorageVault Canada In the last year. It is a trending stock that is worth watching.
What is StorageVault Canada stock price?
On 2023-11-27, StorageVault Canada (SVI-T) stock closed at a price of $4.73.
Weak last quarter, but recovering on renewed guidance for double-digit growth. Unique because of high barriers to entry. Very good at acquiring. Should do well in a recession. Cheap. Falls between industrial and multi-residential.