SAFEHOLD INC (SAFE) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:SAFE • US78646V1070
15.075 USD
+0.27 (+1.86%)
Last: Feb 6, 2026, 03:40 PM
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 an average financial health and profitability rating. 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.
- SAFE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With a Return On Assets value of 1.58%, SAFE is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
- Looking at the Return On Equity, with a value of 4.71%, SAFE is in line with its industry, outperforming 50.00% of the companies in the same industry.
- Looking at the Return On Invested Capital, with a value of 3.41%, SAFE is in line with its industry, outperforming 43.33% of the companies in the same industry.
- 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 4.81%.
- 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.
- In the last couple of years the Profit Margin of SAFE has declined.
- SAFE has a Operating Margin of 79.87%. This is amongst the best in the industry. SAFE outperforms 96.67% 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 96.67% of the companies in the same industry.
- 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.
- SAFE has less shares outstanding than it did 5 years ago.
- Compared to 1 year ago, SAFE has a worse debt to assets ratio.
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 has a Altman-Z score (0.67) which is comparable to the rest of the industry.
- 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.
- 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 | 0.67 |
ROIC/WACC0.6
WACC5.66%
2.3 Liquidity
- A Current Ratio of 14.87 indicates that SAFE has no problem at all paying 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.
- 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.
- 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
- Based on estimates for the next years, SAFE will show a small growth in Earnings Per Share. The EPS will grow by 4.71% on average per year.
- The Revenue is expected to grow by 8.99% on average over the next years. This is quite good.
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
- 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
- SAFE is valuated reasonably with a Price/Earnings ratio of 9.42.
- Based on the Price/Earnings ratio, SAFE is valued cheaply inside the industry as 96.67% of the companies are valued more expensively.
- When comparing the Price/Earnings ratio of SAFE to the average of the S&P500 Index (27.67), we can say SAFE is valued rather cheaply.
- The Price/Forward Earnings ratio is 8.52, which indicates a very decent valuation of SAFE.
- 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 27.20, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.42 | ||
| Fwd PE | 8.52 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as SAFE.
- 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 | 24.93 | ||
| EV/EBITDA | 17.83 |
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)1.36
PEG (5Y)N/A
EPS Next 2Y6.15%
EPS Next 3Y4.38%
5. Dividend
5.1 Amount
- SAFE has a Yearly Dividend Yield of 5.02%, which is a nice return.
- SAFE's Dividend Yield is comparable with the industry average which is at 5.52.
- SAFE's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.02% |
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
- 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 2Y6.15%
EPS Next 3Y4.38%
NYSE:SAFE (2/6/2026, 3:40:44 PM)
15.075
+0.27 (+1.86%)
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 Cap1.08B
Revenue(TTM)379.55M
Net Income(TTM)112.63M
Analysts77.65
Price Target20.3 (34.66%)
Short Float %5.09%
Short Ratio6.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.02% |
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)0%
PT rev (3m)-3.37%
EPS NQ rev (1m)0.94%
EPS NQ rev (3m)6.5%
EPS NY rev (1m)0%
EPS NY rev (3m)2.74%
Revenue NQ rev (1m)0.22%
Revenue NQ rev (3m)0.28%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.42 | ||
| Fwd PE | 8.52 | ||
| P/S | 2.85 | ||
| P/FCF | 24.93 | ||
| P/OCF | 24.93 | ||
| P/B | 0.45 | ||
| P/tB | 0.5 | ||
| EV/EBITDA | 17.83 |
EPS(TTM)1.6
EY10.61%
EPS(NY)1.77
Fwd EY11.73%
FCF(TTM)0.6
FCFY4.01%
OCF(TTM)0.6
OCFY4.01%
SpS5.29
BVpS33.31
TBVpS30.44
PEG (NY)1.36
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
WACC5.66%
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.