SAFEHOLD INC (SAFE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SAFE - US78646V1070 - REIT
15.16 USD
+0.25 (+1.68%)
Taking everything into account, SAFE scores 5 out of 10 in our fundamental rating. SAFE was compared to 30 industry peers in the Specialized REITs industry. SAFE has an average financial health and profitability rating. SAFE has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- SAFE had positive earnings in the past year.
- SAFE had a positive operating cash flow in the past year.
- In multiple years SAFE reported negative net income over the last 5 years.
- In the past 5 years SAFE always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of SAFE (1.58%) is worse than 60.00% of its industry peers.
- SAFE has a Return On Equity of 4.71%. This is comparable to the rest of the industry: SAFE outperforms 50.00% of its industry peers.
- SAFE has a Return On Invested Capital of 3.41%. This is in the lower half of the industry: SAFE underperforms 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 4.86%.
- 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 Profit Margin of 29.67%. This is in the better half of the industry: SAFE outperforms 73.33% of its industry peers.
- In the last couple of years the Profit Margin of SAFE has declined.
- SAFE has a better Operating Margin (79.87%) than 96.67% of its industry peers.
- In the last couple of years the Operating Margin of SAFE has grown nicely.
- With an excellent Gross Margin value of 98.82%, SAFE belongs to the best of the industry, outperforming 96.67% of the companies in the same industry.
- SAFE's Gross Margin has improved in the last couple of years.
| 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
- 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
- SAFE has less shares outstanding than it did 5 years ago.
- SAFE has a worse debt/assets ratio than last year.
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 worse Altman-Z score (0.67) than 60.00% of its industry peers.
- SAFE has a debt to FCF ratio of 104.03. This is a negative value and a sign of low solvency as SAFE would need 104.03 years to pay back of 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 has a worse Debt to Equity ratio (1.89) than 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.89 | ||
| Debt/FCF | 104.03 | ||
| Altman-Z | 0.67 |
ROIC/WACC0.6
WACC5.65%
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.
- Looking at the Current ratio, with a value of 14.87, SAFE belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- SAFE has a Quick Ratio of 14.85. This indicates that SAFE is financially healthy and has no problem in meeting its short term obligations.
- The Quick ratio of SAFE (14.85) is better than 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.
- Measured over the past years, SAFE shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -41.29% on average per year.
- Looking at the last year, SAFE shows a small growth in Revenue. The Revenue has grown by 0.72% in the last 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
- The Earnings Per Share is expected to grow by 4.71% on average over the next years.
- The Revenue is expected to grow by 8.99% on average over the next years. This is quite good.
EPS Next Y7.18%
EPS Next 2Y4.96%
EPS Next 3Y3.13%
EPS Next 5Y4.71%
Revenue Next Year6.08%
Revenue Next 2Y4.85%
Revenue Next 3Y4.18%
Revenue Next 5Y8.99%
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
- Based on the Price/Earnings ratio of 9.47, the valuation of SAFE can be described as reasonable.
- Based on the Price/Earnings ratio, SAFE is valued cheaper than 96.67% of the companies in the same industry.
- SAFE's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.33.
- A Price/Forward Earnings ratio of 8.77 indicates a reasonable valuation of SAFE.
- Based on the Price/Forward Earnings ratio, SAFE is valued cheaper than 100.00% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.12. SAFE is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.48 | ||
| Fwd PE | 8.77 |
4.2 Price Multiples
- SAFE's Enterprise Value to EBITDA ratio is in line with the industry average.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of SAFE is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.07 | ||
| EV/EBITDA | 17.85 |
4.3 Compensation for Growth
- SAFE's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- SAFE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.32
PEG (5Y)N/A
EPS Next 2Y4.96%
EPS Next 3Y3.13%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.83%, SAFE is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 5.69, SAFE has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.91, SAFE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.83% |
5.2 History
- The dividend of SAFE decreases each year by -2.09%.
- SAFE has paid a dividend for at least 10 years, which is a reliable track record.
- The dividend of SAFE decreased recently.
Dividend Growth(5Y)-2.09%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
- SAFE pays out 45.17% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP45.17%
EPS Next 2Y4.96%
EPS Next 3Y3.13%
NYSE:SAFE (1/15/2026, 12:18:45 PM)
15.16
+0.25 (+1.68%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)11-05 2025-11-05/amc
Earnings (Next)02-03 2026-02-03/amc
Inst Owners65.7%
Inst Owner Change0%
Ins Owners0.7%
Ins Owner Change0.38%
Market Cap1.09B
Revenue(TTM)379.55M
Net Income(TTM)112.63M
Analysts77.65
Price Target20.5 (35.22%)
Short Float %6.17%
Short Ratio7.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.83% |
Yearly Dividend0.71
Dividend Growth(5Y)-2.09%
DP45.17%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
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)-1.47%
PT rev (3m)-5.29%
EPS NQ rev (1m)1.44%
EPS NQ rev (3m)4.94%
EPS NY rev (1m)0.56%
EPS NY rev (3m)2.24%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.29%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)0.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.48 | ||
| Fwd PE | 8.77 | ||
| P/S | 2.87 | ||
| P/FCF | 25.07 | ||
| P/OCF | 25.07 | ||
| P/B | 0.46 | ||
| P/tB | 0.5 | ||
| EV/EBITDA | 17.85 |
EPS(TTM)1.6
EY10.55%
EPS(NY)1.73
Fwd EY11.41%
FCF(TTM)0.6
FCFY3.99%
OCF(TTM)0.6
OCFY3.99%
SpS5.29
BVpS33.31
TBVpS30.44
PEG (NY)1.32
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 | 0.67 |
F-Score4
WACC5.65%
ROIC/WACC0.6
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 Y7.18%
EPS Next 2Y4.96%
EPS Next 3Y3.13%
EPS Next 5Y4.71%
Revenue 1Y (TTM)0.72%
Revenue growth 3Y25.05%
Revenue growth 5Y-5.28%
Sales Q2Q%6.02%
Revenue Next Year6.08%
Revenue Next 2Y4.85%
Revenue Next 3Y4.18%
Revenue Next 5Y8.99%
EBIT growth 1Y3.07%
EBIT growth 3Y25.23%
EBIT growth 5Y23.09%
EBIT Next Year39.01%
EBIT Next 3Y17.44%
EBIT Next 5Y19.69%
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 of SAFEHOLD INC (SAFE) stock?
ChartMill assigns a valuation rating of 6 / 10 to SAFEHOLD INC (SAFE). This can be considered as Fairly Valued.
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 7.18% in the next year.