SAFRAN SA (SAF.PA) Fundamental Analysis & Valuation

EPA:SAF • FR0000073272

318.2 EUR
-2.8 (-0.87%)
Last: Mar 11, 2026, 05:36 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This SAF.PA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

Taking everything into account, SAF scores 6 out of 10 in our fundamental rating. SAF was compared to 57 industry peers in the Aerospace & Defense industry. SAF scores excellent on profitability, but there are some minor concerns on its financial health. SAF is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

8

1. SAF.PA Profitability Analysis

1.1 Basic Checks

  • In the past year SAF was profitable.
  • SAF had a positive operating cash flow in the past year.
  • In multiple years SAF reported negative net income over the last 5 years.
  • SAF had a positive operating cash flow in each of the past 5 years.
SAF.PA Yearly Net Income VS EBIT VS OCF VS FCFSAF.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 13.59%, SAF belongs to the top of the industry, outperforming 94.74% of the companies in the same industry.
  • SAF has a better Return On Equity (56.59%) than 96.49% of its industry peers.
  • The Return On Invested Capital of SAF (14.90%) is better than 89.47% of its industry peers.
Industry RankSector Rank
ROA 13.59%
ROE 56.59%
ROIC 14.9%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
SAF.PA Yearly ROA, ROE, ROICSAF.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

1.3 Margins

  • Looking at the Profit Margin, with a value of 26.93%, SAF belongs to the top of the industry, outperforming 98.25% of the companies in the same industry.
  • In the last couple of years the Profit Margin of SAF has grown nicely.
  • SAF has a better Operating Margin (14.68%) than 87.72% of its industry peers.
  • SAF's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 46.92%, SAF belongs to the top of the industry, outperforming 82.46% of the companies in the same industry.
  • SAF's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 14.68%
PM (TTM) 26.93%
GM 46.92%
OM growth 3Y2.22%
OM growth 5Y11.49%
PM growth 3YN/A
PM growth 5Y61.16%
GM growth 3Y-0.8%
GM growth 5Y0.41%
SAF.PA Yearly Profit, Operating, Gross MarginsSAF.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. SAF.PA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SAF is creating some value.
  • SAF has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
SAF.PA Yearly Shares OutstandingSAF.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
SAF.PA Yearly Total Debt VS Total AssetsSAF.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.2 Solvency

  • SAF has an Altman-Z score of 2.74. This is not the best score and indicates that SAF is in the grey zone with still only limited risk for bankruptcy at the moment.
  • SAF's Altman-Z score of 2.74 is in line compared to the rest of the industry. SAF outperforms 43.86% of its industry peers.
  • SAF has a debt to FCF ratio of 1.29. This is a very positive value and a sign of high solvency as it would only need 1.29 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 1.29, SAF belongs to the top of the industry, outperforming 92.98% of the companies in the same industry.
  • SAF has a Debt/Equity ratio of 0.27. This is a healthy value indicating a solid balance between debt and equity.
  • SAF has a better Debt to Equity ratio (0.27) than 75.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 1.29
Altman-Z 2.74
ROIC/WACC1.66
WACC8.99%
SAF.PA Yearly LT Debt VS Equity VS FCFSAF.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.3 Liquidity

  • SAF has a Current Ratio of 0.92. This is a bad value and indicates that SAF is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.92, SAF is not doing good in the industry: 82.46% of the companies in the same industry are doing better.
  • SAF has a Quick Ratio of 0.92. This is a bad value and indicates that SAF is not financially healthy enough and could expect problems in meeting its short term obligations.
  • SAF has a worse Quick ratio (0.67) than 64.91% of its industry peers.
  • SAF does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 0.92
Quick Ratio 0.67
SAF.PA Yearly Current Assets VS Current LiabilitesSAF.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. SAF.PA Growth Analysis

3.1 Past

  • SAF shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.25%.
  • The Earnings Per Share has been growing by 31.67% on average over the past years. This is a very strong growth
  • SAF shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.53%.
  • Measured over the past years, SAF shows a quite strong growth in Revenue. The Revenue has been growing by 13.40% on average per year.
EPS 1Y (TTM)4.25%
EPS 3Y41.54%
EPS 5Y31.67%
EPS Q2Q%-5.47%
Revenue 1Y (TTM)12.53%
Revenue growth 3Y16.9%
Revenue growth 5Y13.4%
Sales Q2Q%16.05%

3.2 Future

  • SAF is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.75% yearly.
  • SAF is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.36% yearly.
EPS Next Y37.7%
EPS Next 2Y27.89%
EPS Next 3Y22.2%
EPS Next 5Y16.75%
Revenue Next Year12.55%
Revenue Next 2Y10.99%
Revenue Next 3Y9.89%
Revenue Next 5Y8.36%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
SAF.PA Yearly Revenue VS EstimatesSAF.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B 40B
SAF.PA Yearly EPS VS EstimatesSAF.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15 20

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4

4. SAF.PA Valuation Analysis

4.1 Price/Earnings Ratio

  • SAF is valuated quite expensively with a Price/Earnings ratio of 41.87.
  • Based on the Price/Earnings ratio, SAF is valued a bit cheaper than 63.16% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of SAF to the average of the S&P500 Index (26.25), we can say SAF is valued expensively.
  • Based on the Price/Forward Earnings ratio of 30.41, the valuation of SAF can be described as expensive.
  • SAF's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 24.39. SAF is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 41.87
Fwd PE 30.41
SAF.PA Price Earnings VS Forward Price EarningsSAF.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SAF is on the same level as its industry peers.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SAF indicates a somewhat cheap valuation: SAF is cheaper than 75.44% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 32.19
EV/EBITDA 21.63
SAF.PA Per share dataSAF.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • SAF's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • SAF has an outstanding profitability rating, which may justify a higher PE ratio.
  • SAF's earnings are expected to grow with 22.20% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.11
PEG (5Y)1.32
EPS Next 2Y27.89%
EPS Next 3Y22.2%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. SAF.PA Dividend Analysis

5.1 Amount

  • SAF has a yearly dividend return of 0.92%, which is pretty low.
  • SAF's Dividend Yield is a higher than the industry average which is at 0.76.
  • Compared to an average S&P500 Dividend Yield of 1.82, SAF's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.92%

5.2 History

  • The dividend of SAF has a limited annual growth rate of 3.72%.
Dividend Growth(5Y)3.72%
Div Incr Years4
Div Non Decr Years4
SAF.PA Yearly Dividends per shareSAF.PA Yearly Dividends per shareYearly Dividends per share 2019 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • SAF pays out 14.48% of its income as dividend. This is a sustainable payout ratio.
  • SAF's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP14.48%
EPS Next 2Y27.89%
EPS Next 3Y22.2%
SAF.PA Yearly Income VS Free CF VS DividendSAF.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B
SAF.PA Dividend Payout.SAF.PA Dividend Payout, showing the Payout Ratio.SAF.PA Dividend Payout.PayoutRetained Earnings

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SAF.PA Fundamentals: All Metrics, Ratios and Statistics

SAFRAN SA

EPA:SAF (3/11/2026, 5:36:15 PM)

318.2

-2.8 (-0.87%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)02-13
Earnings (Next)04-23
Inst Owners43.09%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap133.12B
Revenue(TTM)31.19B
Net Income(TTM)8.40B
Analysts77.78
Price Target359.2 (12.88%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.92%
Yearly Dividend2.19
Dividend Growth(5Y)3.72%
DP14.48%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)3.07%
PT rev (3m)5.32%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.79%
EPS NY rev (3m)-2.3%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)0.25%
Valuation
Industry RankSector Rank
PE 41.87
Fwd PE 30.41
P/S 4.27
P/FCF 32.19
P/OCF 23.27
P/B 8.97
P/tB 84.2
EV/EBITDA 21.63
EPS(TTM)7.6
EY2.39%
EPS(NY)10.47
Fwd EY3.29%
FCF(TTM)9.88
FCFY3.11%
OCF(TTM)13.68
OCFY4.3%
SpS74.55
BVpS35.47
TBVpS3.78
PEG (NY)1.11
PEG (5Y)1.32
Graham Number77.88
Profitability
Industry RankSector Rank
ROA 13.59%
ROE 56.59%
ROCE 22.31%
ROIC 14.9%
ROICexc 22%
ROICexgc 214.64%
OM 14.68%
PM (TTM) 26.93%
GM 46.92%
FCFM 13.26%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y2.22%
OM growth 5Y11.49%
PM growth 3YN/A
PM growth 5Y61.16%
GM growth 3Y-0.8%
GM growth 5Y0.41%
F-Score7
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 1.29
Debt/EBITDA 0.66
Cap/Depr 107.31%
Cap/Sales 5.09%
Interest Coverage 250
Cash Conversion 94.44%
Profit Quality 49.24%
Current Ratio 0.92
Quick Ratio 0.67
Altman-Z 2.74
F-Score7
WACC8.99%
ROIC/WACC1.66
Cap/Depr(3y)96.89%
Cap/Depr(5y)79.7%
Cap/Sales(3y)4.96%
Cap/Sales(5y)4.71%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)4.25%
EPS 3Y41.54%
EPS 5Y31.67%
EPS Q2Q%-5.47%
EPS Next Y37.7%
EPS Next 2Y27.89%
EPS Next 3Y22.2%
EPS Next 5Y16.75%
Revenue 1Y (TTM)12.53%
Revenue growth 3Y16.9%
Revenue growth 5Y13.4%
Sales Q2Q%16.05%
Revenue Next Year12.55%
Revenue Next 2Y10.99%
Revenue Next 3Y9.89%
Revenue Next 5Y8.36%
EBIT growth 1Y14.13%
EBIT growth 3Y19.5%
EBIT growth 5Y26.43%
EBIT Next Year46.23%
EBIT Next 3Y21.74%
EBIT Next 5Y15.51%
FCF growth 1Y23.03%
FCF growth 3Y14.37%
FCF growth 5Y29.62%
OCF growth 1Y20.87%
OCF growth 3Y17.3%
OCF growth 5Y25.12%

SAFRAN SA / SAF.PA FAQ

What is the fundamental rating for SAF stock?

ChartMill assigns a fundamental rating of 6 / 10 to SAF.PA.


What is the valuation status for SAF stock?

ChartMill assigns a valuation rating of 4 / 10 to SAFRAN SA (SAF.PA). This can be considered as Fairly Valued.


Can you provide the profitability details for SAFRAN SA?

SAFRAN SA (SAF.PA) has a profitability rating of 8 / 10.


What is the financial health of SAFRAN SA (SAF.PA) stock?

The financial health rating of SAFRAN SA (SAF.PA) is 5 / 10.


What is the expected EPS growth for SAFRAN SA (SAF.PA) stock?

The Earnings per Share (EPS) of SAFRAN SA (SAF.PA) is expected to grow by 37.7% in the next year.