SAFEHOLD INC (SAFE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SAFE - US78646V1070 - REIT
15.12 USD
+0.14 (+0.93%)
Overall SAFE gets a fundamental rating of 5 out of 10. We evaluated SAFE 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 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- In the past year SAFE was profitable.
- SAFE had a positive operating cash flow in the past year.
- 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's Return On Equity of 4.71% is in line compared to the rest of the industry. SAFE outperforms 50.00% of 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.
- The Average Return On Invested Capital over the past 3 years for SAFE is in line with the industry average of 4.86%.
- 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
- 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.
- SAFE's Profit Margin has declined in the last couple of years.
- 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.
- The Gross Margin of SAFE (98.82%) is better than 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
- 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
- The number of shares outstanding for SAFE has been reduced compared to 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 0.67. 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 0.67, SAFE is doing worse than 60.00% 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.
- Looking at the Debt to FCF ratio, with a value of 104.03, SAFE is in line with its industry, outperforming 43.33% of the companies in the same industry.
- SAFE has a Debt/Equity ratio of 1.89. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 1.89, SAFE is doing worse than 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.89 | ||
| Debt/FCF | 104.03 | ||
| Altman-Z | 0.67 |
ROIC/WACC0.6
WACC5.69%
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.
- Looking at the Current ratio, with a value of 14.87, SAFE belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- A Quick Ratio of 14.85 indicates that SAFE has no problem at all paying its short term obligations.
- With an excellent Quick ratio value of 14.85, SAFE belongs to the best 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
- 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%.
- 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
- The Earnings Per Share is expected to grow by 4.71% on average over the next years.
- Based on estimates for the next years, SAFE will show a quite strong growth in Revenue. The Revenue will grow by 8.99% on average per year.
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 5Y8.99%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 9.45 indicates a reasonable valuation of SAFE.
- 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 (27.32), we can say SAFE is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 8.74, the valuation of SAFE can be described as reasonable.
- SAFE's Price/Forward Earnings ratio is rather cheap when compared to the industry. SAFE is cheaper than 100.00% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.30, SAFE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.45 | ||
| Fwd PE | 8.74 |
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 | 25 | ||
| EV/EBITDA | 17.87 |
4.3 Compensation for Growth
- The 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)1.32
PEG (5Y)N/A
EPS Next 2Y4.96%
EPS Next 3Y3.13%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.70%, SAFE is a good candidate for dividend investing.
- SAFE's Dividend Yield is comparable with the industry average which is at 5.65.
- SAFE's Dividend Yield is rather good when compared to the S&P500 average which is at 1.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.7% |
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
- 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 2Y4.96%
EPS Next 3Y3.13%
NYSE:SAFE (1/22/2026, 12:17:47 PM)
15.12
+0.14 (+0.93%)
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)02-03 2026-02-03/amc
Inst Owners65.7%
Inst Owner Change0%
Ins Owners0.7%
Ins Owner Change0.38%
Market Cap1.09B
Revenue(TTM)379.55M
Net Income(TTM)112.63M
Analysts77.65
Price Target20.5 (35.58%)
Short Float %4.68%
Short Ratio5.38
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.7% |
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)-1.47%
PT rev (3m)-5.29%
EPS NQ rev (1m)1.44%
EPS NQ rev (3m)5.52%
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 | 9.45 | ||
| Fwd PE | 8.74 | ||
| P/S | 2.86 | ||
| P/FCF | 25 | ||
| P/OCF | 25 | ||
| P/B | 0.45 | ||
| P/tB | 0.5 | ||
| EV/EBITDA | 17.87 |
EPS(TTM)1.6
EY10.58%
EPS(NY)1.73
Fwd EY11.44%
FCF(TTM)0.6
FCFY4%
OCF(TTM)0.6
OCFY4%
SpS5.29
BVpS33.31
TBVpS30.44
PEG (NY)1.32
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
WACC5.69%
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 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 5Y8.99%
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.