SAFEHOLD INC (SAFE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SAFE - US78646V1070 - REIT
13.45 USD
+0.07 (+0.52%)
13.45 USD
0 (0%)
Overall SAFE gets a fundamental rating of 5 out of 10. We evaluated SAFE against 30 industry peers in the Specialized REITs industry. SAFE has only an average score on both its financial health and profitability. SAFE is valued quite cheap, while showing a decent growth score. This is a good combination!
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.
The reported net income has been mixed in the past 5 years: SAFE reported negative net income in multiple years.
In the past 5 years SAFE always reported a positive cash flow from operatings.
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.
With a Return On Equity value of 4.71%, SAFE perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
The Return On Invested Capital of SAFE (3.41%) is worse than 60.00% of its industry peers.
SAFE had an Average Return On Invested Capital over the past 3 years of 3.16%. This is in line with the industry average of 4.78%.
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 73.33% of its industry peers.
SAFE's Profit Margin has declined in the last couple of years.
SAFE's Operating Margin of 79.87% is amongst the best of the industry. SAFE outperforms 96.67% of its industry peers.
SAFE's Operating Margin has improved in the last couple of years.
SAFE has a Gross Margin of 98.82%. This is amongst the best in the industry. SAFE outperforms 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
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
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: 63.33% of the companies in the same industry are doing better.
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.
SAFE has a Debt to FCF ratio (104.03) which is comparable to the rest of the industry.
SAFE has a Debt/Equity ratio of 1.89. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of SAFE (1.89) is worse than 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
WACC5.44%
2.3 Liquidity
A Current Ratio of 14.87 indicates that SAFE has no problem at all paying its short term obligations.
The Current ratio of SAFE (14.87) is better 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.
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.
SAFE shows a small growth in Revenue. In the last year, the Revenue has grown by 0.72%.
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
SAFE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.71% yearly.
The Revenue is expected to grow by 8.71% on average over the next years. This is quite good.
EPS Next Y6.59%
EPS Next 2Y3.8%
EPS Next 3Y2.71%
EPS Next 5Y4.71%
Revenue Next Year6.04%
Revenue Next 2Y4.79%
Revenue Next 3Y4.08%
Revenue Next 5Y8.71%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
SAFE is valuated reasonably with a Price/Earnings ratio of 8.41.
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.
SAFE's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.49.
SAFE is valuated cheaply with a Price/Forward Earnings ratio of 7.95.
SAFE's Price/Forward Earnings ratio is rather cheap when compared to the industry. SAFE is cheaper than 100.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.69. SAFE is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.41 | ||
| Fwd PE | 7.95 |
4.2 Price Multiples
SAFE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SAFE is cheaper than 63.33% of the companies in the same industry.
SAFE's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SAFE is cheaper than 63.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.24 | ||
| EV/EBITDA | 17.52 |
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)1.28
PEG (5Y)N/A
EPS Next 2Y3.8%
EPS Next 3Y2.71%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.29%, SAFE is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.05, SAFE has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.31, SAFE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.29% |
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.
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 2Y3.8%
EPS Next 3Y2.71%
13.45
+0.07 (+0.52%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners66.43%
Inst Owner Change0%
Ins Owners0.57%
Ins Owner Change0.42%
Market Cap965.17M
Revenue(TTM)379.55M
Net Income(TTM)112.63M
Analysts77.65
Price Target20.81 (54.72%)
Short Float %6.56%
Short Ratio9.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.29% |
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)-1.92%
PT rev (3m)-4.37%
EPS NQ rev (1m)4.01%
EPS NQ rev (3m)3.44%
EPS NY rev (1m)2.17%
EPS NY rev (3m)1.46%
Revenue NQ rev (1m)-0.06%
Revenue NQ rev (3m)0.06%
Revenue NY rev (1m)0.26%
Revenue NY rev (3m)0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.41 | ||
| Fwd PE | 7.95 | ||
| P/S | 2.54 | ||
| P/FCF | 22.24 | ||
| P/OCF | 22.24 | ||
| P/B | 0.4 | ||
| P/tB | 0.44 | ||
| EV/EBITDA | 17.52 |
EPS(TTM)1.6
EY11.9%
EPS(NY)1.69
Fwd EY12.58%
FCF(TTM)0.6
FCFY4.5%
OCF(TTM)0.6
OCFY4.5%
SpS5.29
BVpS33.31
TBVpS30.44
PEG (NY)1.28
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
WACC5.44%
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 Y6.59%
EPS Next 2Y3.8%
EPS Next 3Y2.71%
EPS Next 5Y4.71%
Revenue 1Y (TTM)0.72%
Revenue growth 3Y25.05%
Revenue growth 5Y-5.28%
Sales Q2Q%6.02%
Revenue Next Year6.04%
Revenue Next 2Y4.79%
Revenue Next 3Y4.08%
Revenue Next 5Y8.71%
EBIT growth 1Y3.07%
EBIT growth 3Y25.23%
EBIT growth 5Y23.09%
EBIT Next Year38.44%
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 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 6.59% in the next year.