Safehold Inc.

DB:J0W Stock Report

Market Cap: €1.1b

Safehold Valuation

Is J0W undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of J0W when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€11.01
Fair Value
40.8% overvalued intrinsic discount
12
Number of Analysts

Below Fair Value: J0W (€15.5) is trading above our estimate of fair value (€11.01)

Significantly Below Fair Value: J0W is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for J0W?

Key metric: As J0W is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for J0W. This is calculated by dividing J0W's market cap by their current earnings.
What is J0W's PE Ratio?
PE Ratio11.4x
EarningsUS$105.76m
Market CapUS$1.20b

Price to Earnings Ratio vs Peers

How does J0W's PE Ratio compare to its peers?

The above table shows the PE ratio for J0W vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31x
HABA Hamborner REIT
61.5x10.0%€503.5m
ARF Arena REIT
20x8.0%AU$1.5b
UNIT Uniti Group
14.6x16.3%US$1.3b
180201 Ping An Guangzhou Comm Invest Guanghe Expressway
27.7xn/aCN¥6.8b
J0W Safehold
11.4x8.9%€1.2b

Price-To-Earnings vs Peers: J0W is good value based on its Price-To-Earnings Ratio (11.4x) compared to the peer average (31x).

Price to Earnings Ratio vs Industry

How does J0W's PE Ratio compare vs other companies in the Global Specialized REITs Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
J0W 11.4xIndustry Avg. 18.3xNo. of Companies6PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: J0W is good value based on its Price-To-Earnings Ratio (11.4x) compared to the Global Specialized REITs industry average (18.3x).

Price to Earnings Ratio vs Fair Ratio

What is J0W's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

J0W PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.4x
Fair PE Ratio52.6x

Price-To-Earnings vs Fair Ratio: J0W is good value based on its Price-To-Earnings Ratio (11.4x) compared to the estimated Fair Price-To-Earnings Ratio (52.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst J0W forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€15.50
€23.89
+54.1%
18.4%€30.58€18.16n/a12
Feb ’26€15.10
€25.30
+67.6%
20.4%€34.06€18.49n/a12
Jan ’26€17.00
€27.01
+58.9%
15.8%€33.31€19.98n/a13
Dec ’25€19.20
€27.24
+41.9%
15.7%€33.41€20.04n/a13
Nov ’25€19.30
€26.59
+37.8%
15.4%€32.18€19.31n/a13
Oct ’25€23.00
€25.98
+13.0%
19.5%€34.04€17.92n/a13
Sep ’25€22.60
€24.95
+10.4%
18.1%€31.75€18.14n/a12
Aug ’25€21.00
€25.33
+20.6%
18.4%€32.43€18.53n/a12
Jul ’25€17.20
€25.15
+46.2%
20.1%€32.70€18.69n/a12
Jun ’25€17.30
€24.81
+43.4%
20.9%€32.17€18.38n/a12
May ’25€17.00
€25.62
+50.7%
20.7%€32.80€18.74n/a12
Apr ’25€18.80
€25.26
+34.3%
19.9%€32.05€18.31n/a12
Mar ’25€19.50
€26.43
+35.5%
19.3%€32.30€18.46n/a11
Feb ’25€18.10
€27.27
+50.7%
17.3%€34.11€20.28€15.1012
Jan ’25€21.00
€24.40
+16.2%
24.7%€33.32€14.41€17.0010
Dec ’24€17.72
€24.35
+37.4%
27.5%€34.00€14.70€19.2010
Nov ’24€15.10
€27.44
+81.7%
32.6%€44.48€16.09€19.3010
Oct ’24€16.81
€30.18
+79.5%
26.0%€44.50€20.83€23.008
Sep ’24€19.23
€30.15
+56.8%
25.9%€43.26€22.09€22.608
Aug ’24€22.10
€33.65
+52.3%
17.6%€42.32€26.68€21.007
Jul ’24€20.80
€33.65
+61.8%
17.6%€42.32€26.68€17.207
Jun ’24€23.70
€32.95
+39.0%
18.6%€42.29€26.66€17.306
May ’24€24.78
€33.88
+36.7%
21.3%€45.58€26.43€17.006
Apr ’24€26.80
€39.57
+47.6%
16.4%€47.11€31.09€18.806
Mar ’24€27.40
€38.79
+41.6%
17.9%€46.85€30.92€19.505
Feb ’24€31.60
€38.84
+22.9%
20.9%€46.02€27.61€18.105
Analyst Price Target
Consensus Narrative from 12 Analysts
€23.02
Fair Value
32.7% undervalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/22 03:02
End of Day Share Price 2025/02/21 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Safehold Inc. is covered by 15 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nathan CrossettBerenberg
Nathan CrossettBNP Paribas Exane
Eric DrayBofA Global Research