SAFEHOLD INC (SAFE) Stock Fundamental Analysis
USA - NYSE:SAFE - US78646V1070 - REIT
13.28 USD
+0.44 (+3.43%)
13.28 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to SAFE. SAFE was compared to 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 Return On Assets of 1.45%. This is comparable to the rest of the industry: SAFE outperforms 43.33% of its industry peers.
SAFE's Return On Equity of 4.33% is in line compared to the rest of the industry. SAFE outperforms 46.67% of its industry peers.
SAFE has a Return On Invested Capital of 3.40%. This is in the lower half of the industry: SAFE underperforms 60.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SAFE is in line with the industry average of 4.81%.
The 3 year average ROIC (3.16%) for SAFE is below the current ROIC(3.40%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.45% | ||
| ROE | 4.33% | ||
| ROIC | 3.4% |
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 has a better Profit Margin (27.45%) than 66.67% of its industry peers.
SAFE's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 77.95%, SAFE belongs to the best 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.
With an excellent Gross Margin value of 98.89%, SAFE belongs to the best of the industry, outperforming 96.67% of the companies in the same industry.
In the last couple of years the Gross Margin of SAFE has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 77.95% | ||
| PM (TTM) | 27.45% | ||
| GM | 98.89% |
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.
SAFE has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SAFE has less shares outstanding
Compared to 1 year ago, SAFE has a worse debt to assets ratio.
2.2 Solvency
SAFE has an Altman-Z score of 0.62. This is a bad value and indicates that SAFE is not financially healthy and even has some risk of bankruptcy.
SAFE has a worse Altman-Z score (0.62) than 70.00% of its industry peers.
SAFE has a debt to FCF ratio of 83.76. This is a negative value and a sign of low solvency as SAFE would need 83.76 years to pay back of all of its debts.
The Debt to FCF ratio of SAFE (83.76) is worse than 70.00% of its industry peers.
SAFE has a Debt/Equity ratio of 1.87. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.87, SAFE is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.87 | ||
| Debt/FCF | 83.76 | ||
| Altman-Z | 0.62 |
ROIC/WACC0.63
WACC5.41%
2.3 Liquidity
SAFE has a Current Ratio of 6.70. This indicates that SAFE is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of SAFE (6.70) is better than 100.00% of its industry peers.
SAFE has a Quick Ratio of 6.68. This indicates that SAFE is financially healthy and has no problem in meeting its short term obligations.
SAFE's Quick ratio of 6.68 is amongst the best of the industry. SAFE outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.7 | ||
| Quick Ratio | 6.68 |
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 3.72%.
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)3.72%
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 4.56% on average per year.
The Revenue is expected to grow by 8.63% on average over the next years. This is quite good.
EPS Next Y4.33%
EPS Next 2Y3.33%
EPS Next 3Y3.3%
EPS Next 5Y4.56%
Revenue Next Year5.76%
Revenue Next 2Y5.37%
Revenue Next 3Y5.66%
Revenue Next 5Y8.63%
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 8.30.
96.67% of the companies in the same industry are more expensive than SAFE, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.06, SAFE is valued rather cheaply.
The Price/Forward Earnings ratio is 7.92, which indicates a rather cheap valuation of SAFE.
Based on the Price/Forward Earnings ratio, SAFE is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 32.73. SAFE is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.3 | ||
| Fwd PE | 7.92 |
4.2 Price Multiples
SAFE's Enterprise Value to EBITDA ratio is in line with the industry average.
SAFE's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SAFE is cheaper than 73.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.96 | ||
| EV/EBITDA | 17.89 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SAFE does not grow enough to justify the current Price/Earnings ratio.
SAFE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.92
PEG (5Y)N/A
EPS Next 2Y3.33%
EPS Next 3Y3.3%
5. Dividend
5.1 Amount
SAFE has a Yearly Dividend Yield of 5.51%, which is a nice return.
Compared to an average industry Dividend Yield of 6.28, SAFE has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.37, SAFE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.51% |
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
49.49% of the earnings are spent on dividend by SAFE. This is a bit on the high side, but may be sustainable.
DP49.49%
EPS Next 2Y3.33%
EPS Next 3Y3.3%
13.28
+0.44 (+3.43%)
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 Change0.2%
Market Cap952.97M
Revenue(TTM)365.69M
Net Income(TTM)102.68M
Analysts78.75
Price Target21.22 (59.79%)
Short Float %6.57%
Short Ratio10.89
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.51% |
Yearly Dividend0.71
Dividend Growth(5Y)-2.09%
DP49.49%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.16%
Min EPS beat(2)-5.51%
Max EPS beat(2)1.2%
EPS beat(4)1
Avg EPS beat(4)-2.13%
Min EPS beat(4)-5.51%
Max EPS beat(4)1.2%
EPS beat(8)4
Avg EPS beat(8)0.35%
EPS beat(12)6
Avg EPS beat(12)-65.35%
EPS beat(16)10
Avg EPS beat(16)30.78%
Revenue beat(2)0
Avg Revenue beat(2)-1.1%
Min Revenue beat(2)-2.18%
Max Revenue beat(2)-0.02%
Revenue beat(4)0
Avg Revenue beat(4)-1.53%
Min Revenue beat(4)-2.26%
Max Revenue beat(4)-0.02%
Revenue beat(8)2
Avg Revenue beat(8)1.56%
Revenue beat(12)5
Avg Revenue beat(12)8.2%
Revenue beat(16)7
Avg Revenue beat(16)11.17%
PT rev (1m)-1.99%
PT rev (3m)-4.97%
EPS NQ rev (1m)-1.01%
EPS NQ rev (3m)-0.21%
EPS NY rev (1m)-0.49%
EPS NY rev (3m)-0.74%
Revenue NQ rev (1m)-0.17%
Revenue NQ rev (3m)0.57%
Revenue NY rev (1m)-0.19%
Revenue NY rev (3m)0.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.3 | ||
| Fwd PE | 7.92 | ||
| P/S | 2.55 | ||
| P/FCF | 17.96 | ||
| P/OCF | 17.96 | ||
| P/B | 0.4 | ||
| P/tB | 0.44 | ||
| EV/EBITDA | 17.89 |
EPS(TTM)1.6
EY12.05%
EPS(NY)1.68
Fwd EY12.62%
FCF(TTM)0.74
FCFY5.57%
OCF(TTM)0.74
OCFY5.57%
SpS5.21
BVpS33.07
TBVpS30.19
PEG (NY)1.92
PEG (5Y)N/A
Graham Number34.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.45% | ||
| ROE | 4.33% | ||
| ROCE | 4.3% | ||
| ROIC | 3.4% | ||
| ROICexc | 3.41% | ||
| ROICexgc | 3.53% | ||
| OM | 77.95% | ||
| PM (TTM) | 27.45% | ||
| GM | 98.89% | ||
| FCFM | 14.18% |
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 | 1.87 | ||
| Debt/FCF | 83.76 | ||
| Debt/EBITDA | 14.77 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 17.63% | ||
| Profit Quality | 51.68% | ||
| Current Ratio | 6.7 | ||
| Quick Ratio | 6.68 | ||
| Altman-Z | 0.62 |
F-Score4
WACC5.41%
ROIC/WACC0.63
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 5Y4.56%
Revenue 1Y (TTM)3.72%
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 5Y8.63%
EBIT growth 1Y0.53%
EBIT growth 3Y25.23%
EBIT growth 5Y23.09%
EBIT Next Year39.27%
EBIT Next 3Y17.9%
EBIT Next 5Y19.61%
FCF growth 1Y817.05%
FCF growth 3Y12.04%
FCF growth 5YN/A
OCF growth 1Y391.32%
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.