Safehold Inc.

DB:J0W Stock Report

Market Cap: €1.4b

Safehold Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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.

Below Fair Value: J0W (€18.8) is trading above our estimate of fair value (€16.52)

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 Ratio12.1x
EarningsUS$120.91m
Market CapUS$1.46b

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 Average33.3x
HABA Hamborner REIT
62.8x11.0%€514.1m
UNIT Uniti Group
14.3x20.2%US$1.4b
ARF Arena REIT
27.6x6.7%AU$1.6b
FCPT Four Corners Property Trust
28.6x7.6%US$2.8b
J0W Safehold
12.1x8.6%€1.5b

Price-To-Earnings vs Peers: J0W is good value based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (33.3x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
J0W 12.1xIndustry Avg. 19.3xNo. of Companies8PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: J0W is good value based on its Price-To-Earnings Ratio (12.1x) compared to the Global Specialized REITs industry average (19.2x).

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 Ratio12.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate J0W's Price-To-Earnings Fair Ratio for valuation analysis.

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€18.80
€27.22
+44.8%
15.7%€33.29€19.98n/a13
Nov ’25€19.30
€26.69
+38.3%
15.4%€32.30€19.38n/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€20.28n/a12
Jan ’25€21.00
€24.40
+16.2%
24.7%€33.32€14.41n/a10
Dec ’24€17.72
€24.35
+37.4%
27.5%€34.00€14.70n/a10
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
Jan ’24€27.00
€48.68
+80.3%
42.9%€92.33€29.21€21.006
Dec ’23€27.60
€54.19
+96.3%
37.1%€95.11€30.09€17.726
Nov ’23€30.40
€63.12
+107.6%
35.7%€101.13€34.05€15.106

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

Safestore Holdings

UK£1.6b

Safestore is the UK's largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium.

IHF

UK£9.00

7D

-2.7%

1Y

3.4%

Argan

€1.7b

Engages in designing, building, developing, owning, leasing, and managing logistical platforms in France.

871

€65.60

7D

-0.5%

1Y

-9.6%

Allied Properties Real Estate Investment Trust

CA$2.5b

Allied is a leading owner-operator of distinctive urban workspace in Canada's major cities.

5G8

CA$12.19

7D

-1.2%

1Y

5.2%