SAFEHOLD INC (SAFE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SAFE - US78646V1070 - REIT
14.39 USD
+0.09 (+0.63%)
14.39 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 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.
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
SAFE has a worse Return On Assets (1.58%) than 60.00% of its industry peers.
SAFE has a Return On Equity (4.71%) which is in line with its industry peers.
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.
The Average Return On Invested Capital over the past 3 years for SAFE is in line with the industry average of 4.86%.
The 3 year average ROIC (3.16%) for SAFE is below the current ROIC(3.41%), indicating increased profibility in the last year.
| 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
With a decent Profit Margin value of 29.67%, SAFE is doing good in the industry, outperforming 73.33% of the companies in the same industry.
In the last couple of years the Profit Margin of SAFE has declined.
Looking at the Operating Margin, with a value of 79.87%, SAFE belongs to the top of the industry, outperforming 96.67% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SAFE is destroying value.
Compared to 1 year ago, SAFE has more shares outstanding
SAFE has less shares outstanding than it did 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.
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 has a Debt to FCF ratio of 104.03. This is comparable to the rest of the industry: SAFE outperforms 43.33% of its industry peers.
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 in the lower half of the industry: SAFE underperforms 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.89 | ||
| Debt/FCF | 104.03 | ||
| Altman-Z | 0.66 |
ROIC/WACC0.61
WACC5.58%
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.
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.
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
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.
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
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.
SAFE is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.71% yearly.
EPS Next Y7.18%
EPS Next 2Y4.96%
EPS Next 3Y3.13%
EPS Next 5Y4.71%
Revenue Next Year6.08%
Revenue Next 2Y4.85%
Revenue Next 3Y4.18%
Revenue Next 5Y8.71%
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
With a Price/Earnings ratio of 8.99, the valuation of SAFE can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of SAFE indicates a rather cheap valuation: SAFE is cheaper than 96.67% of the companies listed in the same industry.
SAFE is valuated cheaply when we compare the Price/Earnings ratio to 26.92, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 8.32 indicates a reasonable valuation of SAFE.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SAFE indicates a rather cheap valuation: SAFE is cheaper than 100.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.57. SAFE is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.99 | ||
| Fwd PE | 8.32 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SAFE.
SAFE's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.8 | ||
| EV/EBITDA | 17.73 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
SAFE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.25
PEG (5Y)N/A
EPS Next 2Y4.96%
EPS Next 3Y3.13%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.17%, SAFE is a good candidate for dividend investing.
SAFE's Dividend Yield is comparable with the industry average which is at 5.69.
SAFE's Dividend Yield is rather good when compared to the S&P500 average which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.17% |
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 2Y4.96%
EPS Next 3Y3.13%
14.39
+0.09 (+0.63%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners65.7%
Inst Owner Change0%
Ins Owners0.7%
Ins Owner Change0.42%
Market Cap1.03B
Revenue(TTM)379.55M
Net Income(TTM)112.63M
Analysts77.65
Price Target20.5 (42.46%)
Short Float %6.17%
Short Ratio7.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.17% |
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)-5.29%
EPS NQ rev (1m)1.44%
EPS NQ rev (3m)4.94%
EPS NY rev (1m)0.56%
EPS NY rev (3m)2.24%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.29%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)0.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.99 | ||
| Fwd PE | 8.32 | ||
| P/S | 2.72 | ||
| P/FCF | 23.8 | ||
| P/OCF | 23.8 | ||
| P/B | 0.43 | ||
| P/tB | 0.47 | ||
| EV/EBITDA | 17.73 |
EPS(TTM)1.6
EY11.12%
EPS(NY)1.73
Fwd EY12.02%
FCF(TTM)0.6
FCFY4.2%
OCF(TTM)0.6
OCFY4.2%
SpS5.29
BVpS33.31
TBVpS30.44
PEG (NY)1.25
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
WACC5.58%
ROIC/WACC0.61
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 Y7.18%
EPS Next 2Y4.96%
EPS Next 3Y3.13%
EPS Next 5Y4.71%
Revenue 1Y (TTM)0.72%
Revenue growth 3Y25.05%
Revenue growth 5Y-5.28%
Sales Q2Q%6.02%
Revenue Next Year6.08%
Revenue Next 2Y4.85%
Revenue Next 3Y4.18%
Revenue Next 5Y8.71%
EBIT growth 1Y3.07%
EBIT growth 3Y25.23%
EBIT growth 5Y23.09%
EBIT Next Year39.01%
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 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 7.18% in the next year.