SAFEHOLD INC (SAFE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SAFE - US78646V1070 - REIT
13.27 USD
+0.51 (+4%)
13.27 USD
0 (0%)
SAFE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 30 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 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year SAFE was profitable.
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.
Each year in the past 5 years SAFE had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.58%, SAFE is doing worse than 60.00% of the companies in the same industry.
SAFE has a Return On Equity (4.71%) which is in line with its industry peers.
With a Return On Invested Capital value of 3.41%, SAFE is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
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 4.77%.
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
The Profit Margin of SAFE (29.67%) is better than 73.33% of its industry peers.
In the last couple of years the Profit Margin of SAFE has declined.
With an excellent Operating Margin value of 79.87%, SAFE belongs to the best of the industry, outperforming 96.67% of the companies in the same industry.
In the last couple of years the Operating Margin of SAFE has grown nicely.
SAFE's Gross Margin of 98.82% is amongst the best of the industry. SAFE outperforms 96.67% of its industry peers.
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.
The number of shares outstanding for SAFE has been increased compared to 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 0.65, 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: 60.00% of the companies in the same industry are doing better.
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.
The Debt to FCF ratio of SAFE (104.03) is comparable to the rest of the industry.
A Debt/Equity ratio of 1.89 is on the high side and indicates that SAFE has dependencies on debt financing.
With a Debt to Equity ratio value of 1.89, SAFE is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.89 | ||
| Debt/FCF | 104.03 | ||
| Altman-Z | 0.65 |
ROIC/WACC0.63
WACC5.4%
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.
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
SAFE shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.91%.
SAFE shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -41.29% yearly.
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 4.56% yearly.
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
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
With a Price/Earnings ratio of 8.29, the valuation of SAFE can be described as very 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.
When comparing the Price/Earnings ratio of SAFE to the average of the S&P500 Index (25.47), we can say SAFE is valued rather cheaply.
SAFE is valuated cheaply with a Price/Forward Earnings ratio of 7.92.
Based on the Price/Forward Earnings ratio, SAFE is valued cheaper than 100.00% of the companies in the same industry.
SAFE is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.42, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.29 | ||
| Fwd PE | 7.92 |
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.
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 | 21.94 | ||
| EV/EBITDA | 17.48 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SAFE does not grow enough to justify the current Price/Earnings ratio.
SAFE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.92
PEG (5Y)N/A
EPS Next 2Y3.33%
EPS Next 3Y3.3%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.55%, SAFE is a good candidate for dividend investing.
SAFE's Dividend Yield is comparable with the industry average which is at 6.15.
SAFE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.55% |
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 45.17% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP45.17%
EPS Next 2Y3.33%
EPS Next 3Y3.3%
13.27
+0.51 (+4%)
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 Cap952.26M
Revenue(TTM)379.55M
Net Income(TTM)112.63M
Analysts78.75
Price Target20.5 (54.48%)
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 | 8.29 | ||
| Fwd PE | 7.92 | ||
| P/S | 2.51 | ||
| P/FCF | 21.94 | ||
| P/OCF | 21.94 | ||
| P/B | 0.4 | ||
| P/tB | 0.44 | ||
| EV/EBITDA | 17.48 |
EPS(TTM)1.6
EY12.06%
EPS(NY)1.68
Fwd EY12.63%
FCF(TTM)0.6
FCFY4.56%
OCF(TTM)0.6
OCFY4.56%
SpS5.29
BVpS33.31
TBVpS30.44
PEG (NY)1.92
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
WACC5.4%
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 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.