SAFEHOLD INC (SAFE) Fundamental Analysis & Valuation
NYSE:SAFE • US78646V1070
15.13 USD
-0.08 (-0.53%)
At close: Mar 10, 2026
15.13 USD
0 (0%)
After Hours: 3/10/2026, 8:04:00 PM
This SAFE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall SAFE gets a fundamental rating of 5 out of 10. We evaluated SAFE against 28 industry peers in the Specialized REITs industry. SAFE has an average financial health and profitability rating. SAFE has a bad growth rate and is valued cheaply.
1. SAFE Profitability Analysis
1.1 Basic Checks
- SAFE had positive earnings in the past year.
- SAFE had a positive operating cash flow in the past year.
- Of the past 5 years SAFE 4 years were profitable.
- Each year in the past 5 years SAFE had a positive operating cash flow.
1.2 Ratios
- SAFE has a Return On Assets of 1.58%. This is in the lower half of the industry: SAFE underperforms 60.71% of its industry peers.
- SAFE has a Return On Equity (4.75%) which is in line with its industry peers.
- SAFE has a Return On Invested Capital of 3.44%. This is comparable to the rest of the industry: SAFE outperforms 42.86% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for SAFE is in line with the industry average of 5.05%.
- The last Return On Invested Capital (3.44%) for SAFE is above the 3 year average (3.35%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.58% | ||
| ROE | 4.75% | ||
| ROIC | 3.44% |
ROA(3y)0.76%
ROA(5y)1.22%
ROE(3y)2.27%
ROE(5y)4.34%
ROIC(3y)3.35%
ROIC(5y)3.08%
1.3 Margins
- SAFE has a Profit Margin of 29.69%. This is in the better half of the industry: SAFE outperforms 67.86% of its industry peers.
- SAFE's Profit Margin has declined in the last couple of years.
- SAFE has a better Operating Margin (80.27%) than 96.43% of its industry peers.
- SAFE's Operating Margin has improved in the last couple of years.
- The Gross Margin of SAFE (98.77%) is better than 96.43% of its industry peers.
- SAFE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 80.27% | ||
| PM (TTM) | 29.69% | ||
| GM | 98.77% |
OM growth 3Y1.08%
OM growth 5Y30.85%
PM growth 3Y-16%
PM growth 5YN/A
GM growth 3Y-0.03%
GM growth 5Y13.03%
2. SAFE Health Analysis
2.1 Basic Checks
- SAFE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, SAFE has more shares outstanding
- The number of shares outstanding for SAFE has been reduced compared to 5 years ago.
- Compared to 1 year ago, SAFE has a worse debt to assets ratio.
2.2 Solvency
- SAFE has an Altman-Z score of 0.67. This is a bad value and indicates that SAFE is not financially healthy and even has some risk of bankruptcy.
- SAFE has a Altman-Z score of 0.67. This is in the lower half of the industry: SAFE underperforms 64.29% of its industry peers.
- The Debt to FCF ratio of SAFE is 95.91, which is on the high side as it means it would take SAFE, 95.91 years of fcf income to pay off all of its debts.
- SAFE has a Debt to FCF ratio (95.91) which is in line with its industry peers.
- A Debt/Equity ratio of 1.90 is on the high side and indicates that SAFE has dependencies on debt financing.
- Looking at the Debt to Equity ratio, with a value of 1.90, SAFE is in line with its industry, outperforming 42.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.9 | ||
| Debt/FCF | 95.91 | ||
| Altman-Z | 0.67 |
ROIC/WACC0.62
WACC5.56%
2.3 Liquidity
- SAFE has a Current Ratio of 14.29. This indicates that SAFE is financially healthy and has no problem in meeting its short term obligations.
- SAFE's Current ratio of 14.29 is amongst the best of the industry. SAFE outperforms 100.00% of its industry peers.
- SAFE has a Quick Ratio of 14.27. This indicates that SAFE is financially healthy and has no problem in meeting its short term obligations.
- SAFE has a better Quick ratio (14.27) than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 14.29 | ||
| Quick Ratio | 14.27 |
3. SAFE Growth Analysis
3.1 Past
- SAFE shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.73%.
- SAFE shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -13.23% yearly.
- The Revenue has been growing slightly by 5.43% in the past year.
- Measured over the past years, SAFE shows a decrease in Revenue. The Revenue has been decreasing by -6.20% on average per year.
EPS 1Y (TTM)5.73%
EPS 3Y-66.04%
EPS 5Y-13.23%
EPS Q2Q%16.67%
Revenue 1Y (TTM)5.43%
Revenue growth 3Y12.57%
Revenue growth 5Y-6.2%
Sales Q2Q%6.53%
3.2 Future
- The Earnings Per Share is expected to grow by 3.04% on average over the next years.
- Based on estimates for the next years, SAFE will show a small growth in Revenue. The Revenue will grow by 7.07% on average per year.
EPS Next Y5.42%
EPS Next 2Y4.7%
EPS Next 3Y3.96%
EPS Next 5Y3.04%
Revenue Next Year2.4%
Revenue Next 2Y3.23%
Revenue Next 3Y4.76%
Revenue Next 5Y7.07%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. SAFE Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 9.11 indicates a reasonable valuation of SAFE.
- Based on the Price/Earnings ratio, SAFE is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
- SAFE's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.25.
- A Price/Forward Earnings ratio of 8.65 indicates a reasonable valuation of SAFE.
- Based on the Price/Forward Earnings ratio, SAFE is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
- SAFE is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.39, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.11 | ||
| Fwd PE | 8.65 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SAFE indicates a somewhat cheap valuation: SAFE is cheaper than 67.86% of the companies listed in the same industry.
- 75.00% of the companies in the same industry are more expensive than SAFE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.71 | ||
| EV/EBITDA | 17.78 |
4.3 Compensation for Growth
- SAFE's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- The decent profitability rating of SAFE may justify a higher PE ratio.
PEG (NY)1.68
PEG (5Y)N/A
EPS Next 2Y4.7%
EPS Next 3Y3.96%
5. SAFE Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 4.56%, SAFE is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 5.33, SAFE has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, SAFE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.56% |
5.2 History
- The dividend of SAFE decreases each year by -0.78%.
- SAFE has been paying a dividend for at least 10 years, so it has a reliable track record.
- SAFE has decreased its dividend recently.
Dividend Growth(5Y)-0.78%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
- 44.49% of the earnings are spent on dividend by SAFE. This is a bit on the high side, but may be sustainable.
DP44.49%
EPS Next 2Y4.7%
EPS Next 3Y3.96%
SAFE Fundamentals: All Metrics, Ratios and Statistics
15.13
-0.08 (-0.53%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)02-11 2026-02-11/amc
Earnings (Next)05-04 2026-05-04/amc
Inst Owners65.44%
Inst Owner Change0%
Ins Owners0.71%
Ins Owner Change0.74%
Market Cap1.09B
Revenue(TTM)385.55M
Net Income(TTM)114.47M
Analysts76.47
Price Target20.6 (36.15%)
Short Float %5.25%
Short Ratio6.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.56% |
Yearly Dividend0.71
Dividend Growth(5Y)-0.78%
DP44.49%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.37%
Min EPS beat(2)-1.58%
Max EPS beat(2)2.32%
EPS beat(4)2
Avg EPS beat(4)-0.89%
Min EPS beat(4)-5.51%
Max EPS beat(4)2.32%
EPS beat(8)4
Avg EPS beat(8)0.93%
EPS beat(12)6
Avg EPS beat(12)17.64%
EPS beat(16)9
Avg EPS beat(16)-42.1%
Revenue beat(2)0
Avg Revenue beat(2)-1.17%
Min Revenue beat(2)-1.32%
Max Revenue beat(2)-1.02%
Revenue beat(4)0
Avg Revenue beat(4)-1.13%
Min Revenue beat(4)-2.18%
Max Revenue beat(4)-0.02%
Revenue beat(8)1
Avg Revenue beat(8)-0.63%
Revenue beat(12)4
Avg Revenue beat(12)4.8%
Revenue beat(16)6
Avg Revenue beat(16)12.09%
PT rev (1m)1.51%
PT rev (3m)-0.98%
EPS NQ rev (1m)-1.58%
EPS NQ rev (3m)1.27%
EPS NY rev (1m)-1.07%
EPS NY rev (3m)3.45%
Revenue NQ rev (1m)-1.41%
Revenue NQ rev (3m)-1.12%
Revenue NY rev (1m)-2.32%
Revenue NY rev (3m)-0.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.11 | ||
| Fwd PE | 8.65 | ||
| P/S | 2.82 | ||
| P/FCF | 22.71 | ||
| P/OCF | 22.71 | ||
| P/B | 0.45 | ||
| P/tB | 0.49 | ||
| EV/EBITDA | 17.78 |
EPS(TTM)1.66
EY10.97%
EPS(NY)1.75
Fwd EY11.57%
FCF(TTM)0.67
FCFY4.4%
OCF(TTM)0.67
OCFY4.4%
SpS5.37
BVpS33.56
TBVpS30.71
PEG (NY)1.68
PEG (5Y)N/A
Graham Number35.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.58% | ||
| ROE | 4.75% | ||
| ROCE | 4.35% | ||
| ROIC | 3.44% | ||
| ROICexc | 3.45% | ||
| ROICexgc | 3.57% | ||
| OM | 80.27% | ||
| PM (TTM) | 29.69% | ||
| GM | 98.77% | ||
| FCFM | 12.4% |
ROA(3y)0.76%
ROA(5y)1.22%
ROE(3y)2.27%
ROE(5y)4.34%
ROIC(3y)3.35%
ROIC(5y)3.08%
ROICexc(3y)3.36%
ROICexc(5y)3.31%
ROICexgc(3y)3.49%
ROICexgc(5y)3.44%
ROCE(3y)4.24%
ROCE(5y)3.89%
ROICexgc growth 3Y-4.29%
ROICexgc growth 5Y11.23%
ROICexc growth 3Y-3.47%
ROICexc growth 5Y11.74%
OM growth 3Y1.08%
OM growth 5Y30.85%
PM growth 3Y-16%
PM growth 5YN/A
GM growth 3Y-0.03%
GM growth 5Y13.03%
F-Score4
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.9 | ||
| Debt/FCF | 95.91 | ||
| Debt/EBITDA | 14.42 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.78 | ||
| Cash Conversion | 15.03% | ||
| Profit Quality | 41.77% | ||
| Current Ratio | 14.29 | ||
| Quick Ratio | 14.27 | ||
| Altman-Z | 0.67 |
F-Score4
WACC5.56%
ROIC/WACC0.62
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.73%
EPS 3Y-66.04%
EPS 5Y-13.23%
EPS Q2Q%16.67%
EPS Next Y5.42%
EPS Next 2Y4.7%
EPS Next 3Y3.96%
EPS Next 5Y3.04%
Revenue 1Y (TTM)5.43%
Revenue growth 3Y12.57%
Revenue growth 5Y-6.2%
Sales Q2Q%6.53%
Revenue Next Year2.4%
Revenue Next 2Y3.23%
Revenue Next 3Y4.76%
Revenue Next 5Y7.07%
EBIT growth 1Y8.54%
EBIT growth 3Y13.79%
EBIT growth 5Y22.74%
EBIT Next Year6.25%
EBIT Next 3Y6.82%
EBIT Next 5Y9.36%
FCF growth 1Y26.31%
FCF growth 3Y-9.66%
FCF growth 5YN/A
OCF growth 1Y26.31%
OCF growth 3Y-9.66%
OCF growth 5Y16.9%
SAFEHOLD INC / SAFE FAQ
Can you provide the ChartMill fundamental rating for SAFEHOLD INC?
ChartMill assigns a fundamental rating of 5 / 10 to SAFE.
What is the valuation status of SAFEHOLD INC (SAFE) stock?
ChartMill assigns a valuation rating of 7 / 10 to SAFEHOLD INC (SAFE). This can be considered as Undervalued.
What is the profitability of SAFE stock?
SAFEHOLD INC (SAFE) has a profitability rating of 6 / 10.
Can you provide the financial health for SAFE stock?
The financial health rating of SAFEHOLD INC (SAFE) is 4 / 10.
Can you provide the expected EPS growth for SAFE stock?
The Earnings per Share (EPS) of SAFEHOLD INC (SAFE) is expected to grow by 5.42% in the next year.