SAFEHOLD INC (SAFE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SAFE - US78646V1070 - REIT
14.04 USD
+0.02 (+0.14%)
14.04 USD
0 (0%)
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 has a correct valuation and a medium growth rate.
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
The Return On Assets of SAFE (1.58%) is worse than 60.00% of its industry peers.
With a Return On Equity value of 4.71%, SAFE perfoms like the industry average, outperforming 46.67% of the companies in the same industry.
SAFE's Return On Invested Capital of 3.41% 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 4.77%.
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 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.
SAFE's Operating Margin of 79.87% is amongst the best of the industry. SAFE outperforms 96.67% of its industry peers.
In the last couple of years the Operating Margin of SAFE has grown nicely.
The Gross Margin of SAFE (98.82%) is better 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
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
The number of shares outstanding for SAFE has been reduced compared to 5 years ago.
SAFE has a worse debt/assets ratio than last year.
2.2 Solvency
SAFE has an Altman-Z score of 0.66. This is a bad value and indicates that SAFE is not financially healthy and even has some risk of bankruptcy.
SAFE has a Altman-Z score of 0.66. This is in the lower half of the industry: SAFE underperforms 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.
SAFE's Debt to FCF ratio of 104.03 is in line compared to the rest of the industry. SAFE outperforms 43.33% of its industry peers.
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 | 0.66 |
ROIC/WACC0.62
WACC5.5%
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.
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.
SAFE has a better Quick ratio (14.85) 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.
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.
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 4.56% yearly.
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
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
A Price/Earnings ratio of 8.77 indicates a reasonable valuation of SAFE.
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.
When comparing the Price/Earnings ratio of SAFE to the average of the S&P500 Index (26.15), we can say SAFE is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 8.38, the valuation of SAFE can be described as reasonable.
Based on the Price/Forward Earnings ratio, SAFE is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
SAFE is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.12, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.77 | ||
| Fwd PE | 8.38 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SAFE is on the same level as its industry peers.
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 | 23.22 | ||
| EV/EBITDA | 17.65 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
SAFE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.03
PEG (5Y)N/A
EPS Next 2Y3.33%
EPS Next 3Y3.3%
5. Dividend
5.1 Amount
SAFE has a Yearly Dividend Yield of 5.55%, which is a nice return.
SAFE's Dividend Yield is comparable with the industry average which is at 6.15.
Compared to an average S&P500 Dividend Yield of 2.41, SAFE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.55% |
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
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%
14.04
+0.02 (+0.14%)
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 Change0.04%
Market Cap1.01B
Revenue(TTM)379.55M
Net Income(TTM)112.63M
Analysts78.75
Price Target20.5 (46.01%)
Short Float %6.59%
Short Ratio9.3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.55% |
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)-5.29%
PT rev (3m)-5.78%
EPS NQ rev (1m)2.65%
EPS NQ rev (3m)2.09%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.69%
Revenue NQ rev (1m)-0.3%
Revenue NQ rev (3m)-0.3%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.77 | ||
| Fwd PE | 8.38 | ||
| P/S | 2.65 | ||
| P/FCF | 23.22 | ||
| P/OCF | 23.22 | ||
| P/B | 0.42 | ||
| P/tB | 0.46 | ||
| EV/EBITDA | 17.65 |
EPS(TTM)1.6
EY11.4%
EPS(NY)1.68
Fwd EY11.94%
FCF(TTM)0.6
FCFY4.31%
OCF(TTM)0.6
OCFY4.31%
SpS5.29
BVpS33.31
TBVpS30.44
PEG (NY)2.03
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 | 0.66 |
F-Score4
WACC5.5%
ROIC/WACC0.62
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 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.