SAFEHOLD INC (SAFE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SAFE - US78646V1070 - REIT
13.87 USD
-0.17 (-1.21%)
13.87 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 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.
The reported net income has been mixed in the past 5 years: SAFE reported negative net income in multiple 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.
The Return On Equity of SAFE (4.71%) is comparable to the rest of the industry.
SAFE has a Return On Invested Capital of 3.41%. This is in the lower half of the industry: SAFE underperforms 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 4.77%.
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
Looking at the Profit Margin, with a value of 29.67%, SAFE is in the better half of 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.
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.
With an excellent Gross Margin value of 98.82%, SAFE belongs to the best 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.
SAFE has more shares outstanding than it did 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
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.
Looking at the Altman-Z score, with a value of 0.66, SAFE is doing worse than 63.33% of the companies in the same industry.
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.
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.
SAFE's Debt to Equity ratio of 1.89 is on the low side compared to the rest of the industry. SAFE is outperformed by 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
WACC5.48%
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.
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.
Looking at the Quick ratio, with a value of 14.85, SAFE belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
| 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.
Looking at the last year, SAFE shows a small growth in Revenue. The Revenue has grown by 0.72% in the last year.
Measured over the past years, SAFE shows a decrease in Revenue. The Revenue has been decreasing by -5.28% on average per year.
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
The Earnings Per Share is expected to grow by 4.71% on average over the next years.
The Revenue is expected to grow by 8.71% on average over the next years. This is quite good.
EPS Next Y4.33%
EPS Next 2Y3.33%
EPS Next 3Y3.3%
EPS Next 5Y4.71%
Revenue Next Year5.76%
Revenue Next 2Y5.37%
Revenue Next 3Y5.66%
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
Based on the Price/Earnings ratio of 8.67, the valuation of SAFE can be described as 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.
The average S&P500 Price/Earnings ratio is at 26.31. SAFE is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 8.27, which indicates a very decent 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.
SAFE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.56.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.67 | ||
| Fwd PE | 8.27 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SAFE is valued a bit cheaper than the industry average as 63.33% of the companies are valued more expensively.
63.33% of the companies in the same industry are more expensive than SAFE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.94 | ||
| EV/EBITDA | 17.61 |
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
PEG (5Y)N/A
EPS Next 2Y3.33%
EPS Next 3Y3.3%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.04%, SAFE is a good candidate for dividend investing.
SAFE's Dividend Yield is comparable with the industry average which is at 6.00.
SAFE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.04% |
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 2Y3.33%
EPS Next 3Y3.3%
13.87
-0.17 (-1.21%)
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 Cap995.31M
Revenue(TTM)379.55M
Net Income(TTM)112.63M
Analysts78.75
Price Target20.5 (47.8%)
Short Float %6.59%
Short Ratio9.3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.04% |
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)-3.37%
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)0.06%
Revenue NQ rev (3m)0.06%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.67 | ||
| Fwd PE | 8.27 | ||
| P/S | 2.62 | ||
| P/FCF | 22.94 | ||
| P/OCF | 22.94 | ||
| P/B | 0.42 | ||
| P/tB | 0.46 | ||
| EV/EBITDA | 17.61 |
EPS(TTM)1.6
EY11.54%
EPS(NY)1.68
Fwd EY12.09%
FCF(TTM)0.6
FCFY4.36%
OCF(TTM)0.6
OCFY4.36%
SpS5.29
BVpS33.31
TBVpS30.44
PEG (NY)2
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
WACC5.48%
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 5Y4.71%
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 5Y8.71%
EBIT growth 1Y3.07%
EBIT growth 3Y25.23%
EBIT growth 5Y23.09%
EBIT Next Year39.27%
EBIT Next 3Y17.9%
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 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.