SAFEHOLD INC (SAFE) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:SAFE • US78646V1070
14.86 USD
-0.21 (-1.39%)
Last: Feb 9, 2026, 10:41 AM
We assign a fundamental rating of 5 out of 10 to SAFE. SAFE was compared to 28 industry peers in the Specialized REITs industry. Both the profitability and the financial health of SAFE get a neutral evaluation. Nothing too spectacular is happening here. SAFE may be a bit undervalued, certainly considering the very reasonable score on growth These ratings could make SAFE a good candidate for value investing.
1. Profitability
1.1 Basic Checks
- In the past year SAFE was profitable.
- 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
- Looking at the Return On Assets, with a value of 1.58%, SAFE is doing worse than 60.71% of the companies in the same industry.
- SAFE has a Return On Equity of 4.71%. This is comparable to the rest of the industry: SAFE outperforms 46.43% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 3.41%, SAFE is doing worse than 60.71% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for SAFE is in line with the industry average of 5.06%.
- The last Return On Invested Capital (3.41%) for SAFE is above the 3 year average (3.16%), which is a sign of increasing profitability.
| 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's Profit Margin of 29.67% is fine compared to the rest of the industry. SAFE outperforms 71.43% 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 96.43% of its industry peers.
- In the last couple of years the Operating Margin of SAFE has grown nicely.
- Looking at the Gross Margin, with a value of 98.82%, SAFE belongs to the top of the industry, outperforming 96.43% of the companies in the same industry.
- 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
- SAFE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- SAFE has more shares outstanding than it did 1 year ago.
- Compared to 5 years ago, SAFE has less shares outstanding
- SAFE has a worse debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 0.67, we must say that SAFE is in the distress zone and has some risk of bankruptcy.
- SAFE's Altman-Z score of 0.67 is in line compared to the rest of the industry. SAFE outperforms 46.43% of its industry peers.
- 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 42.86% of the companies in the same industry.
- A Debt/Equity ratio of 1.89 is on the high side and indicates that SAFE has dependencies on debt financing.
- SAFE has a Debt to Equity ratio of 1.89. This is comparable to the rest of the industry: SAFE outperforms 42.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.89 | ||
| Debt/FCF | 104.03 | ||
| Altman-Z | 0.67 |
ROIC/WACC0.6
WACC5.68%
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.
- With an excellent Current ratio value of 14.87, SAFE belongs to the best 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.
- With an excellent Quick ratio value of 14.85, SAFE belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| 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
- Looking at the last year, SAFE shows a small growth in Revenue. The Revenue has grown by 0.72% in the last year.
- The Revenue has been decreasing by -5.28% on average over the past years.
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
- SAFE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.71% yearly.
- SAFE is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.99% yearly.
EPS Next Y6.91%
EPS Next 2Y6.15%
EPS Next 3Y4.38%
EPS Next 5Y4.71%
Revenue Next Year6.19%
Revenue Next 2Y5.51%
Revenue Next 3Y5.14%
Revenue Next 5Y8.99%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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 9.29, 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 96.43% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.93. SAFE is valued rather cheaply when compared to this.
- Based on the Price/Forward Earnings ratio of 8.40, the valuation of SAFE can be described as reasonable.
- 100.00% of the companies in the same industry are more expensive than SAFE, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of SAFE to the average of the S&P500 Index (27.77), we can say SAFE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.29 | ||
| Fwd PE | 8.4 |
4.2 Price Multiples
- SAFE's Enterprise Value to EBITDA ratio is in line with the industry average.
- SAFE's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SAFE is cheaper than 60.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.57 | ||
| EV/EBITDA | 17.89 |
4.3 Compensation for Growth
- The 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)1.34
PEG (5Y)N/A
EPS Next 2Y6.15%
EPS Next 3Y4.38%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.78%, SAFE is a good candidate for dividend investing.
- SAFE's Dividend Yield is comparable with the industry average which is at 5.50.
- SAFE's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.78% |
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 2Y6.15%
EPS Next 3Y4.38%
NYSE:SAFE (2/9/2026, 10:41:19 AM)
14.86
-0.21 (-1.39%)
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)02-11 2026-02-11/amc
Inst Owners65.7%
Inst Owner Change0%
Ins Owners0.7%
Ins Owner Change0.38%
Market Cap1.07B
Revenue(TTM)379.55M
Net Income(TTM)112.63M
Analysts77.65
Price Target20.3 (36.61%)
Short Float %5.09%
Short Ratio6.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.78% |
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%
PT rev (3m)-4.33%
EPS NQ rev (1m)0.94%
EPS NQ rev (3m)6.5%
EPS NY rev (1m)-0.26%
EPS NY rev (3m)2.47%
Revenue NQ rev (1m)0.22%
Revenue NQ rev (3m)0.16%
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)0.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.29 | ||
| Fwd PE | 8.4 | ||
| P/S | 2.81 | ||
| P/FCF | 24.57 | ||
| P/OCF | 24.57 | ||
| P/B | 0.45 | ||
| P/tB | 0.49 | ||
| EV/EBITDA | 17.89 |
EPS(TTM)1.6
EY10.77%
EPS(NY)1.77
Fwd EY11.9%
FCF(TTM)0.6
FCFY4.07%
OCF(TTM)0.6
OCFY4.07%
SpS5.29
BVpS33.31
TBVpS30.44
PEG (NY)1.34
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
WACC5.68%
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 Y6.91%
EPS Next 2Y6.15%
EPS Next 3Y4.38%
EPS Next 5Y4.71%
Revenue 1Y (TTM)0.72%
Revenue growth 3Y25.05%
Revenue growth 5Y-5.28%
Sales Q2Q%6.02%
Revenue Next Year6.19%
Revenue Next 2Y5.51%
Revenue Next 3Y5.14%
Revenue Next 5Y8.99%
EBIT growth 1Y3.07%
EBIT growth 3Y25.23%
EBIT growth 5Y23.09%
EBIT Next Year40.71%
EBIT Next 3Y17.83%
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 6.91% in the next year.