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Safestore Holdings Plc

Current Price 754.00p Bid 753.50p Ask 756.00p Change 0.07%
Last Updated: 20/04/2024 12:35. Prices delayed by at least 15 minutes.
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Company Overview

Safestore is the UK's largest self-storage group with 181 stores, comprising 130 wholly owned stores in the UK (including 72 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool and Bristol), 29 wholly owned stores in the Paris region, 9 stores in the Netherlands, 6 stores in Belgium, and 7 stores in Spain. 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.

Financial Highlights Year Ended 31/10/2023

Revenue
£224.20m
Operating Profit/Loss
£230.40m
Dividend yield (%)
4.40
Total dividend for year
n/ap
Dividend cover
1.67
P/E Ratio
13.50

Key Personnel

Mr David Hearn
Chairman
Mr Frederic Vecchioli
Chief Executive Officer
Mr Andy  Jones
Chief Financial Officer
Mr Avis Darzins
Independent Non-Executive Director
Ms Delphine Mousseau
Independent Non-Executive Director
Ms Jane Bentall
Independent Non-Executive Director
Ms Laure Duhot
Independent Non-Executive Director
Mr Gert van de Weerdhof
Non-Executive Director

Stock Details

EPIC
SAFEL
ISIN
GB00B1N7Z094
Shares in Issue
207.69m
Market cap
£1,565.95m

Analyst Views (13)

Strong Buy
 
38.46%
Buy
 
23.08%
Hold
 
38.46%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
754.00p
Bid Price
753.50p
Ask Price
756.00p
Volume
21,498
Change Today
0.50p
% Change Today
0.07%
Open
744.50p
Previous Close
754.00p
Intraday High
754.50p
Intraday Low
742.00p
52 Week High
988.50p
52 Week Low
654.50p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Income Statement

Year End Date
31 Oct 2023
31 Oct 2022
 
£ (M)
£ (M)
Continuing Operations
Revenue
224.20
212.50
Operating Profit/Loss
230.40
514.50
Net Interest
-22.60
-15.70
Pre-Tax Profit
207.80
498.80
Profit After Tax from continuing operations
200.20
462.90
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
200.20
462.90
Attributable to:
Equity Holders of Parent Company
200.20
462.90
Minority Interests
n/a
n/a
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Oct 2023
31 Oct 2022
Basic
92.20p
219.50p
Diluted
91.80p
212.40p
Adjusted
50.30p
57.50p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
31 Oct 2023
31 Oct 2022
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
5.20
3.40
Intangible Assets
n/a
n/a
Investment Properties
2,890.90
2,647.40
Investments
4.10
1.80
Other Financial Assets
n/a
n/a
Other Non-Current Assets
6.60
0.80
Current Assets
Inventories
0.40
0.30
Trade & Other Receivables
32.70
31.20
Cash at Bank & In Hand
16.90
20.90
Current Asset Investments
n/a
n/a
Other Current Assets
0.10
1.70
Other Assets
n/a
n/a
Total Assets
2,956.90
2,707.50

Liabilities

Year End Date
31 Oct 2023
31 Oct 2022
 
£ (M)
£ (M)
Current Liabilities
Borrowings
57.60
114.90
Other Current Liabilities
52.80
63.50
Total Current Liabilities
110.40
178.40
Non-Current Liabilities
Borrowings
769.60
604.30
Provisions
141.80
131.40
Other Non-Current Liabilities
n/a
n/a
Total Non-Current Liabilities
911.40
735.70
Other Liabilities
n/a
n/a
Total Liabilities
1,021.80
914.10

Net Assets

Year End Date
31 Oct 2023
31 Oct 2022
 
£ (M)
£ (M)
Net Assets
1,935.10
1,793.40

Capital & Reserves

Year End Date
31 Oct 2023
31 Oct 2022
 
£ (M)
£ (M)
Share Capital
2.20
2.10
Share Premium Account
62.00
61.80
Other Reserves
12.70
8.50
Retained Earnings
1,858.20
1,721.00
Shareholders Funds
1,935.10
1,793.40
Minority Interests/Other Equity
n/a
n/a
Total Equity
1,935.10
1,793.40

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Final
07 Mar 2024
09 Apr 2024
20.20p
Interim
06 Jul 2023
10 Aug 2023
9.90p
Final
02 Mar 2023
07 Apr 2023
20.40p
Interim
07 Jul 2022
11 Aug 2022
9.40p
Final
03 Mar 2022
07 Apr 2022
17.60p
Interim
08 Jul 2021
13 Aug 2021
7.50p
Final
04 Mar 2021
08 Apr 2021
12.70p
Interim
09 Jul 2020
14 Aug 2020
5.90p
Final
05 Mar 2020
09 Apr 2020
12.00p
Interim
11 Jul 2019
16 Aug 2019
5.50p
Final
07 Mar 2019
10 Apr 2019
11.15p
Interim
12 Jul 2018
17 Aug 2018
5.10p
Final
08 Mar 2018
06 Apr 2018
9.80p
Interim
13 Jul 2017
18 Aug 2017
4.20p
Final
09 Mar 2017
07 Apr 2017
8.05p
Interim
07 Jul 2016
12 Aug 2016
3.60p
Final
10 Mar 2016
08 Apr 2016
6.65p
Interim
09 Jul 2015
14 Aug 2015
3.00p

Dividend Metrics

Year End Date
31 Oct 2023
31 Oct 2022
Dividend growth
1.01%
11,661.92%
Dividend yield
4.40%
3.30%
Dividend cover
1.67
1.59


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