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SGDSafe and Green Development Corporation
$0.16$155445
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  4. Financial Ratios

Safe and Green Development Corporation (SGD) Financial Ratios

Latest Ratios: P/E Ratio -0.0x · EV/EBITDA N/A · ROE -608.2%. (2021–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

SGD Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Market Cap$155445$44310$2M$267M——
Enterprise Value$10M$22M$12M$274M——
P/E Ratio →-0.02—————
P/S Ratio0.750.0111.70———
P/B Ratio0.180.012.85141.28——
P/FCF——————
P/OCF——————

P/E links to full P/E history page with 30-year chart

SGD EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
EV / Revenue—2.7059.42———
EV / EBITDA——————
EV / EBIT——————
EV / FCF——————

SGD Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Gross Margin29.1%29.1%12.0%———
Operating Margin-63.5%-63.5%-3160.1%———
Net Profit Margin-194.1%-194.1%-4292.2%———

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
ROE-608.2%-608.2%-650.0%-207.3%-131.8%-31.5%
ROA-66.2%-66.2%-79.8%-44.6%-28.6%-6.2%
ROIC-21.0%-21.0%-50.6%-25.6%-19.2%—
ROCE-64.4%-64.4%-309.3%-149.2%-115.3%-31.5%

SGD Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Debt / Equity5.065.0611.953.613.164.00
Debt / EBITDA——————
Net Debt / Equity—5.0511.613.613.164.00
Net Debt / EBITDA——————
Debt / FCF——————
Interest Coverage-0.99-0.99-1.56-2.56-6.98—

SGD Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Current Ratio0.090.090.170.030.00—
Quick Ratio0.040.040.170.030.00—
Cash Ratio0.000.000.030.000.00—
Asset Turnover—0.230.02———
Inventory Turnover5.405.40————
Days Sales Outstanding——————

SGD Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Dividend Yield——————
Payout Ratio——————

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Earnings Yield——————
FCF Yield——————
Buyback Yield0.0%0.0%0.0%0.0%——
Total Shareholder Yield0.0%0.0%0.0%0.0%——
Shares Outstanding—$233211$955999$10M$10M$16M

Key Metrics

Growth RegimeMixed
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Imminent liquidity and solvency risk

NOI Margins Mask Corporate Losses

As reported in recent financial filings, SGD achieved a 28.4% NOI margin in 2025Q4, yet this property-level profitability remains insufficient to offset the substantial corporate overhead and technology development costs, resulting in a persistent and deep net loss that characterizes the company's current financial profile.

While the NOI margin suggests that individual development projects are capable of generating positive returns, the company's inability to achieve positive FFO indicates that these gains are being eroded by high fixed costs. Investors should monitor whether the company can scale its development throughput to achieve the operating leverage necessary to reach break-even status.

Leverage Ratios Reflect Capital Scarcity

Based on the company's reported figures, the debt-to-equity ratio reached 5.06 in 2025Q4, indicating a highly leveraged capital structure that leaves the firm with minimal flexibility to navigate the cyclical volatility inherent in the residential real estate development sector while maintaining its current operational pace.

The interest coverage ratio of 0.93 in 2025Q4 suggests that the company is currently struggling to generate sufficient earnings to cover its debt service obligations. This precarious position warrants further investigation into the company's ability to refinance existing obligations without resorting to dilutive equity issuances.

Negative AFFO Precludes Dividend Capacity

According to the provided quarterly data, SGD consistently reports negative AFFO, which reached -$33.19 per share in 2025Q4, confirming that the company lacks any distributable cash flow and remains entirely dependent on external financing to fund its ongoing operations and technology-related capital expenditures.

The absence of a dividend payout ratio is a logical consequence of the company's negative cash flow generation. Any discussion of dividend sustainability is currently moot, as the firm's primary focus remains on capital preservation and the funding of its high-burn development and technology pipeline.

Misapplication of Standard P/E Multiples

The market's reliance on standard P/E multiples for SGD is fundamentally flawed, as reported in financial analysis, because the metric fails to account for the significant non-cash depreciation and amortization charges that distort the earnings of a capital-intensive real estate development firm like this one.

Investors should instead focus on P/FFO or P/AFFO to better understand the company's valuation relative to its actual cash-generating capacity. Using P/E in this context obscures the true extent of the company's cash burn and provides a misleading picture of its valuation relative to its underlying asset base.

Download Financial Ratios Data

Includes 30+ ratios · 5 years · Updated daily

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SGD — Frequently Asked Questions

Quick answers to the most common questions about buying SGD stock.

What is Safe and Green Development Corporation's P/E ratio?

Safe and Green Development Corporation's current P/E ratio is -0.0x. This places it at the 50th percentile of its historical range.

What is Safe and Green Development Corporation's ROE?

Safe and Green Development Corporation's return on equity (ROE) is -608.2%. The historical average is -123.5%.

Is SGD stock overvalued?

Based on historical data, Safe and Green Development Corporation is trading at a P/E of -0.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What are Safe and Green Development Corporation's profit margins?

Safe and Green Development Corporation has 29.1% gross margin and -63.5% operating margin.