SAFEHOLD INC (SAFE) Stock Fundamental Analysis
USA - NYSE:SAFE - US78646V1070 - REIT
14.48 USD
+0.05 (+0.35%)
14.48 USD
0 (0%)
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 only an average score on both its financial health and profitability. SAFE has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
SAFE had positive earnings in the past year.
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.
In the past 5 years SAFE always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of SAFE (1.45%) is comparable to the rest of the industry.
SAFE has a Return On Equity (4.33%) which is comparable to the rest of the industry.
SAFE's Return On Invested Capital of 3.40% is on the low side compared to the rest of the industry. SAFE is outperformed by 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 4.81%.
The 3 year average ROIC (3.16%) for SAFE is below the current ROIC(3.40%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.45% | ||
| ROE | 4.33% | ||
| ROIC | 3.4% |
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
Looking at the Profit Margin, with a value of 27.45%, SAFE is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
In the last couple of years the Profit Margin of SAFE has declined.
Looking at the Operating Margin, with a value of 77.95%, 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 (98.89%) than 96.67% of its industry peers.
SAFE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 77.95% | ||
| PM (TTM) | 27.45% | ||
| GM | 98.89% |
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.
SAFE has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SAFE has less shares outstanding
The debt/assets ratio for SAFE is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.63, we must say that SAFE is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.63, SAFE is not doing good in the industry: 70.00% of the companies in the same industry are doing better.
SAFE has a debt to FCF ratio of 83.76. This is a negative value and a sign of low solvency as SAFE would need 83.76 years to pay back of all of its debts.
The Debt to FCF ratio of SAFE (83.76) is worse than 70.00% of its industry peers.
SAFE has a Debt/Equity ratio of 1.87. This is a high value indicating a heavy dependency on external financing.
SAFE's Debt to Equity ratio of 1.87 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 | 1.87 | ||
| Debt/FCF | 83.76 | ||
| Altman-Z | 0.63 |
ROIC/WACC0.61
WACC5.58%
2.3 Liquidity
SAFE has a Current Ratio of 6.70. This indicates that SAFE is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of SAFE (6.70) is better than 100.00% of its industry peers.
A Quick Ratio of 6.68 indicates that SAFE has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 6.68, SAFE belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.7 | ||
| Quick Ratio | 6.68 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.96% over the past year.
The earnings per share for SAFE have been decreasing by -41.29% on average. This is quite bad
SAFE shows a small growth in Revenue. In the last year, the Revenue has grown by 0.64%.
Measured over the past years, SAFE shows a decrease in Revenue. The Revenue has been decreasing by -5.28% on average per year.
EPS 1Y (TTM)1.96%
EPS 3Y-58.56%
EPS 5Y-41.29%
EPS Q2Q%-4.88%
Revenue 1Y (TTM)0.64%
Revenue growth 3Y25.05%
Revenue growth 5Y-5.28%
Sales Q2Q%4.39%
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.
Based on estimates for the next years, SAFE will show a quite strong growth in Revenue. The Revenue will grow by 8.63% on average per year.
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 9.28, the valuation of SAFE can be described as reasonable.
SAFE's Price/Earnings ratio is rather cheap when compared to the industry. SAFE is cheaper than 96.67% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.51, SAFE is valued rather cheaply.
A Price/Forward Earnings ratio of 8.64 indicates a reasonable valuation of SAFE.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SAFE indicates a rather cheap valuation: SAFE is cheaper than 100.00% of the companies listed in the same industry.
SAFE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.53.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.28 | ||
| Fwd PE | 8.64 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SAFE.
Based on the Price/Free Cash Flow ratio, SAFE is valued a bit cheaper than 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.58 | ||
| EV/EBITDA | 18.17 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of SAFE may justify a higher PE ratio.
PEG (NY)2.14
PEG (5Y)N/A
EPS Next 2Y3.33%
EPS Next 3Y3.3%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.91%, SAFE is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.97, SAFE has a dividend in line with its industry peers.
SAFE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.91% |
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.
SAFE has decreased its dividend recently.
Dividend Growth(5Y)-2.09%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
SAFE pays out 49.49% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP49.49%
EPS Next 2Y3.33%
EPS Next 3Y3.3%
14.48
+0.05 (+0.35%)
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 Change0.2%
Market Cap1.04B
Revenue(TTM)374.10M
Net Income(TTM)102.68M
Analysts78.75
Price Target21.22 (46.55%)
Short Float %6.57%
Short Ratio10.89
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.91% |
Yearly Dividend0.71
Dividend Growth(5Y)-2.09%
DP49.49%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.16%
Min EPS beat(2)-5.51%
Max EPS beat(2)1.2%
EPS beat(4)1
Avg EPS beat(4)-2.13%
Min EPS beat(4)-5.51%
Max EPS beat(4)1.2%
EPS beat(8)4
Avg EPS beat(8)0.35%
EPS beat(12)6
Avg EPS beat(12)-65.35%
EPS beat(16)10
Avg EPS beat(16)30.78%
Revenue beat(2)0
Avg Revenue beat(2)-1.1%
Min Revenue beat(2)-2.18%
Max Revenue beat(2)-0.02%
Revenue beat(4)0
Avg Revenue beat(4)-1.53%
Min Revenue beat(4)-2.26%
Max Revenue beat(4)-0.02%
Revenue beat(8)2
Avg Revenue beat(8)1.56%
Revenue beat(12)5
Avg Revenue beat(12)8.2%
Revenue beat(16)7
Avg Revenue beat(16)11.17%
PT rev (1m)-1.99%
PT rev (3m)-5.45%
EPS NQ rev (1m)-0.59%
EPS NQ rev (3m)0.21%
EPS NY rev (1m)-0.49%
EPS NY rev (3m)-0.74%
Revenue NQ rev (1m)-0.17%
Revenue NQ rev (3m)0.57%
Revenue NY rev (1m)-0.19%
Revenue NY rev (3m)0.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.28 | ||
| Fwd PE | 8.64 | ||
| P/S | 2.78 | ||
| P/FCF | 19.58 | ||
| P/OCF | 19.58 | ||
| P/B | 0.44 | ||
| P/tB | 0.48 | ||
| EV/EBITDA | 18.17 |
EPS(TTM)1.56
EY10.77%
EPS(NY)1.68
Fwd EY11.58%
FCF(TTM)0.74
FCFY5.11%
OCF(TTM)0.74
OCFY5.11%
SpS5.21
BVpS33.07
TBVpS30.19
PEG (NY)2.14
PEG (5Y)N/A
Graham Number34.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.45% | ||
| ROE | 4.33% | ||
| ROCE | 4.3% | ||
| ROIC | 3.4% | ||
| ROICexc | 3.41% | ||
| ROICexgc | 3.53% | ||
| OM | 77.95% | ||
| PM (TTM) | 27.45% | ||
| GM | 98.89% | ||
| FCFM | 14.18% |
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 | 1.87 | ||
| Debt/FCF | 83.76 | ||
| Debt/EBITDA | 14.77 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 17.63% | ||
| Profit Quality | 51.68% | ||
| Current Ratio | 6.7 | ||
| Quick Ratio | 6.68 | ||
| Altman-Z | 0.63 |
F-Score4
WACC5.58%
ROIC/WACC0.61
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)1.96%
EPS 3Y-58.56%
EPS 5Y-41.29%
EPS Q2Q%-4.88%
EPS Next Y4.33%
EPS Next 2Y3.33%
EPS Next 3Y3.3%
EPS Next 5Y4.56%
Revenue 1Y (TTM)0.64%
Revenue growth 3Y25.05%
Revenue growth 5Y-5.28%
Sales Q2Q%4.39%
Revenue Next Year5.76%
Revenue Next 2Y5.37%
Revenue Next 3Y5.66%
Revenue Next 5Y8.63%
EBIT growth 1Y0.53%
EBIT growth 3Y25.23%
EBIT growth 5Y23.09%
EBIT Next Year39.27%
EBIT Next 3Y17.9%
EBIT Next 5Y19.61%
FCF growth 1Y817.05%
FCF growth 3Y12.04%
FCF growth 5YN/A
OCF growth 1Y391.32%
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 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.
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.