SAFEHOLD INC (SAFE) Stock Fundamental Analysis
USA - NYSE:SAFE - US78646V1070 - REIT
13.4 USD
-0.01 (-0.07%)
We assign a fundamental rating of 5 out of 10 to SAFE. SAFE was compared to 30 industry peers in the Specialized REITs industry. SAFE has an average financial health and profitability rating. SAFE is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year SAFE was profitable.
In the past year SAFE had a positive cash flow from operations.
In multiple years SAFE reported negative net income over the last 5 years.
SAFE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SAFE has a Return On Assets of 1.58%. This is in the lower half of the industry: SAFE underperforms 60.00% of its industry peers.
SAFE has a Return On Equity (4.71%) which is in line with its industry peers.
The Return On Invested Capital of SAFE (3.41%) is worse than 60.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SAFE is in line with the industry average of 4.77%.
The 3 year average ROIC (3.16%) for SAFE is below the current ROIC(3.41%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.58% | ||
| ROE | 4.71% | ||
| ROIC | 3.41% |
ROA(3y)1%
ROA(5y)0.63%
ROE(3y)2.79%
ROE(5y)1.88%
ROIC(3y)3.16%
ROIC(5y)2.78%
1.3 Margins
SAFE has a better Profit Margin (29.67%) than 73.33% of its industry peers.
In the last couple of years the Profit Margin of SAFE has declined.
Looking at the Operating Margin, with a value of 79.87%, SAFE belongs to the top of the industry, outperforming 96.67% of the companies in the same industry.
SAFE's Operating Margin has improved in the last couple of years.
SAFE has a better Gross Margin (98.82%) than 96.67% of its industry peers.
In the last couple of years the Gross Margin of SAFE has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 79.87% | ||
| PM (TTM) | 29.67% | ||
| GM | 98.82% |
OM growth 3Y0.15%
OM growth 5Y29.95%
PM growth 3Y-9.56%
PM growth 5Y-13.81%
GM growth 3Y0.09%
GM growth 5Y11.05%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SAFE is destroying value.
The number of shares outstanding for SAFE has been increased compared to 1 year ago.
SAFE has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, SAFE has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.65, we must say that SAFE is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.65, SAFE is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
The Debt to FCF ratio of SAFE is 104.03, which is on the high side as it means it would take SAFE, 104.03 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 104.03, SAFE perfoms like the industry average, outperforming 43.33% of the companies in the same industry.
SAFE has a Debt/Equity ratio of 1.89. This is a high value indicating a heavy dependency on external financing.
SAFE's Debt to Equity ratio of 1.89 is on the low side compared to the rest of the industry. SAFE is outperformed by 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.89 | ||
| Debt/FCF | 104.03 | ||
| Altman-Z | 0.65 |
ROIC/WACC0.63
WACC5.43%
2.3 Liquidity
SAFE has a Current Ratio of 14.87. This indicates that SAFE is financially healthy and has no problem in meeting its short term obligations.
SAFE has a better Current ratio (14.87) than 100.00% of its industry peers.
A Quick Ratio of 14.85 indicates that SAFE has no problem at all paying its short term obligations.
SAFE has a Quick ratio of 14.85. This is amongst the best in the industry. SAFE outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 14.87 | ||
| Quick Ratio | 14.85 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.91% over the past year.
The earnings per share for SAFE have been decreasing by -41.29% on average. This is quite bad
The Revenue has been growing slightly by 0.72% in the past year.
SAFE shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -5.28% yearly.
EPS 1Y (TTM)1.91%
EPS 3Y-58.56%
EPS 5Y-41.29%
EPS Q2Q%10.81%
Revenue 1Y (TTM)0.72%
Revenue growth 3Y25.05%
Revenue growth 5Y-5.28%
Sales Q2Q%6.02%
3.2 Future
Based on estimates for the next years, SAFE will show a small growth in Earnings Per Share. The EPS will grow by 4.56% on average per year.
SAFE is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.63% yearly.
EPS Next Y4.33%
EPS Next 2Y3.33%
EPS Next 3Y3.3%
EPS Next 5Y4.56%
Revenue Next Year5.76%
Revenue Next 2Y5.37%
Revenue Next 3Y5.66%
Revenue Next 5Y8.63%
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. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 8.38, which indicates a very decent valuation of SAFE.
Based on the Price/Earnings ratio, SAFE is valued cheaper than 96.67% of the companies in the same industry.
SAFE is valuated cheaply when we compare the Price/Earnings ratio to 25.89, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 7.99, the valuation of SAFE can be described as very cheap.
100.00% of the companies in the same industry are more expensive than SAFE, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.59, SAFE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.38 | ||
| Fwd PE | 7.99 |
4.2 Price Multiples
63.33% of the companies in the same industry are more expensive than SAFE, based on the Enterprise Value to EBITDA ratio.
63.33% 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 | 22.16 | ||
| EV/EBITDA | 17.51 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SAFE does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of SAFE may justify a higher PE ratio.
PEG (NY)1.94
PEG (5Y)N/A
EPS Next 2Y3.33%
EPS Next 3Y3.3%
5. Dividend
5.1 Amount
SAFE has a Yearly Dividend Yield of 5.27%, which is a nice return.
Compared to an average industry Dividend Yield of 6.26, SAFE has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, SAFE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.27% |
5.2 History
The dividend of SAFE decreases each year by -2.09%.
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)-2.09%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
45.17% of the earnings are spent on dividend by SAFE. This is a bit on the high side, but may be sustainable.
DP45.17%
EPS Next 2Y3.33%
EPS Next 3Y3.3%
NYSE:SAFE (11/17/2025, 2:17:04 PM)
13.4
-0.01 (-0.07%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners65.54%
Inst Owner Change0%
Ins Owners0.57%
Ins Owner Change0.05%
Market Cap961.58M
Revenue(TTM)379.55M
Net Income(TTM)112.63M
Analysts78.75
Price Target21.22 (58.36%)
Short Float %6.57%
Short Ratio10.89
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.27% |
Yearly Dividend0.71
Dividend Growth(5Y)-2.09%
DP45.17%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.6%
Min EPS beat(2)-5.51%
Max EPS beat(2)2.32%
EPS beat(4)2
Avg EPS beat(4)-1.28%
Min EPS beat(4)-5.51%
Max EPS beat(4)2.32%
EPS beat(8)5
Avg EPS beat(8)1.36%
EPS beat(12)6
Avg EPS beat(12)-124.22%
EPS beat(16)10
Avg EPS beat(16)2.76%
Revenue beat(2)0
Avg Revenue beat(2)-1.75%
Min Revenue beat(2)-2.18%
Max Revenue beat(2)-1.32%
Revenue beat(4)0
Avg Revenue beat(4)-1.44%
Min Revenue beat(4)-2.26%
Max Revenue beat(4)-0.02%
Revenue beat(8)2
Avg Revenue beat(8)1.69%
Revenue beat(12)4
Avg Revenue beat(12)2.14%
Revenue beat(16)6
Avg Revenue beat(16)8.96%
PT rev (1m)-1.99%
PT rev (3m)-4.97%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.55%
EPS NY rev (1m)-0.49%
EPS NY rev (3m)-0.74%
Revenue NQ rev (1m)-0.22%
Revenue NQ rev (3m)0.41%
Revenue NY rev (1m)-0.19%
Revenue NY rev (3m)0.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.38 | ||
| Fwd PE | 7.99 | ||
| P/S | 2.53 | ||
| P/FCF | 22.16 | ||
| P/OCF | 22.16 | ||
| P/B | 0.4 | ||
| P/tB | 0.44 | ||
| EV/EBITDA | 17.51 |
EPS(TTM)1.6
EY11.94%
EPS(NY)1.68
Fwd EY12.51%
FCF(TTM)0.6
FCFY4.51%
OCF(TTM)0.6
OCFY4.51%
SpS5.29
BVpS33.31
TBVpS30.44
PEG (NY)1.94
PEG (5Y)N/A
Graham Number34.63
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.58% | ||
| ROE | 4.71% | ||
| ROCE | 4.32% | ||
| ROIC | 3.41% | ||
| ROICexc | 3.42% | ||
| ROICexgc | 3.54% | ||
| OM | 79.87% | ||
| PM (TTM) | 29.67% | ||
| GM | 98.82% | ||
| FCFM | 11.43% |
ROA(3y)1%
ROA(5y)0.63%
ROE(3y)2.79%
ROE(5y)1.88%
ROIC(3y)3.16%
ROIC(5y)2.78%
ROICexc(3y)3.48%
ROICexc(5y)3.02%
ROICexgc(3y)3.65%
ROICexgc(5y)3.15%
ROCE(3y)4%
ROCE(5y)3.52%
ROICexgc growth 3Y8.93%
ROICexgc growth 5Y13.72%
ROICexc growth 3Y7.64%
ROICexc growth 5Y14.13%
OM growth 3Y0.15%
OM growth 5Y29.95%
PM growth 3Y-9.56%
PM growth 5Y-13.81%
GM growth 3Y0.09%
GM growth 5Y11.05%
F-Score4
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.89 | ||
| Debt/FCF | 104.03 | ||
| Debt/EBITDA | 14.46 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 13.9% | ||
| Profit Quality | 38.53% | ||
| Current Ratio | 14.87 | ||
| Quick Ratio | 14.85 | ||
| Altman-Z | 0.65 |
F-Score4
WACC5.43%
ROIC/WACC0.63
Cap/Depr(3y)43.87%
Cap/Depr(5y)45.88%
Cap/Sales(3y)1.24%
Cap/Sales(5y)2.88%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.91%
EPS 3Y-58.56%
EPS 5Y-41.29%
EPS Q2Q%10.81%
EPS Next Y4.33%
EPS Next 2Y3.33%
EPS Next 3Y3.3%
EPS Next 5Y4.56%
Revenue 1Y (TTM)0.72%
Revenue growth 3Y25.05%
Revenue growth 5Y-5.28%
Sales Q2Q%6.02%
Revenue Next Year5.76%
Revenue Next 2Y5.37%
Revenue Next 3Y5.66%
Revenue Next 5Y8.63%
EBIT growth 1Y3.07%
EBIT growth 3Y25.23%
EBIT growth 5Y23.09%
EBIT Next Year39.27%
EBIT Next 3Y17.9%
EBIT Next 5Y19.61%
FCF growth 1Y150.34%
FCF growth 3Y12.04%
FCF growth 5YN/A
OCF growth 1Y458.62%
OCF growth 3Y12.04%
OCF growth 5YN/A
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 for 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.
What is the financial health of SAFEHOLD INC (SAFE) stock?
The financial health rating of SAFEHOLD INC (SAFE) is 4 / 10.
What is the earnings growth outlook for SAFEHOLD INC?
The Earnings per Share (EPS) of SAFEHOLD INC (SAFE) is expected to grow by 4.33% in the next year.