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Five Point Holdings

NYSE:FPH
Snowflake Description

High growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FPH
NYSE
$1B
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, plans, develops, and owns mixed-use communities in California, the United States. The last earnings update was 8 days ago. More info.


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FPH Share Price and Events
7 Day Returns
-6.1%
NYSE:FPH
-5.8%
US Real Estate
-3.9%
US Market
1 Year Returns
-31.1%
NYSE:FPH
-14.8%
US Real Estate
1.4%
US Market
FPH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Five Point Holdings (FPH) -6.1% -0.5% 9.7% -31.1% - -
US Real Estate -5.8% -8.3% -7.1% -14.8% 21.3% 4.4%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • FPH underperformed the Real Estate industry which returned -14.8% over the past year.
  • FPH underperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
FPH
Industry
5yr Volatility vs Market

Value

 Is Five Point Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Five Point Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Five Point Holdings.

NYSE:FPH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:FPH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.124 (1 + (1- 21%) (48.9%))
1.374
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.374 * 5.96%)
10.92%

Discounted Cash Flow Calculation for NYSE:FPH using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Five Point Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:FPH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.92%)
2019 -280.70 Analyst x3 -253.07
2020 -76.00 Analyst x2 -61.77
2021 163.40 Analyst x2 119.74
2022 15.80 Analyst x1 10.44
2023 209.00 Analyst x1 124.48
2024 299.95 Est @ 43.52% 161.06
2025 393.78 Est @ 31.28% 190.63
2026 483.23 Est @ 22.72% 210.90
2027 564.02 Est @ 16.72% 221.93
2028 634.65 Est @ 12.52% 225.14
Present value of next 10 years cash flows $949.48
NYSE:FPH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $634.65 × (1 + 2.73%) ÷ (10.92% – 2.73%)
$7,960.93
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $7,960.93 ÷ (1 + 10.92%)10
$2,824.07
NYSE:FPH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $949.48 + $2,824.07
$3,773.55
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,773.55 / 147.92
$25.51
NYSE:FPH Discount to Share Price
Calculation Result
Value per share (USD) From above. $25.51
Current discount Discount to share price of $8.45
= -1 x ($8.45 - $25.51) / $25.51
66.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Five Point Holdings is available for.
Intrinsic value
>50%
Share price is $8.45 vs Future cash flow value of $25.51
Current Discount Checks
For Five Point Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Five Point Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Five Point Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Five Point Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Five Point Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:FPH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.10
NYSE:FPH Share Price ** NYSE (2019-05-15) in USD $8.45
United States of America Real Estate Industry PE Ratio Median Figure of 27 Publicly-Listed Real Estate Companies 16x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Five Point Holdings.

NYSE:FPH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:FPH Share Price ÷ EPS (both in USD)

= 8.45 ÷ -0.10

-86.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Five Point Holdings is loss making, we can't compare its value to the US Real Estate industry average.
  • Five Point Holdings is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Five Point Holdings's expected growth come at a high price?
Raw Data
NYSE:FPH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -86.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
34.6%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.34x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Five Point Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Five Point Holdings's assets?
Raw Data
NYSE:FPH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $8.96
NYSE:FPH Share Price * NYSE (2019-05-15) in USD $8.45
United States of America Real Estate Industry PB Ratio Median Figure of 53 Publicly-Listed Real Estate Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NYSE:FPH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:FPH Share Price ÷ Book Value per Share (both in USD)

= 8.45 ÷ 8.96

0.94x

* Primary Listing of Five Point Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Five Point Holdings is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Five Point Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Five Point Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Five Point Holdings expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
34.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Five Point Holdings expected to grow at an attractive rate?
  • Five Point Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Five Point Holdings's earnings growth is expected to exceed the United States of America market average.
  • Five Point Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:FPH Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:FPH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 34.6%
NYSE:FPH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 28.4%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 6.3%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:FPH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:FPH Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 593 281 45 1
2022-12-31 382 58 25 1
2021-12-31 540 164 33 2
2020-12-31 449 50 29 5
2019-12-31 155 -191 9 2
NYSE:FPH Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 47 -356 -6
2018-12-31 49 -343 -34
2018-09-30 63 -269 75
2018-06-30 62 -224 79
2018-03-31 62 -153 75
2017-12-31 139 -58 72
2017-09-30 134 -66 -26
2017-06-30 133 -68 -27
2017-03-31 127 -88 -37
2016-12-31 39 -125 -34
2016-09-30 29 -114 -34
2016-06-30 34 -89 -24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Five Point Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Five Point Holdings's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:FPH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Five Point Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FPH Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.15 1.15 1.15 1.00
2022-12-31 0.63 0.63 0.63 1.00
2021-12-31 1.26 1.85 0.68 2.00
2020-12-31 0.40 0.68 0.11 5.00
2019-12-31 0.07 0.07 0.06 2.00
NYSE:FPH Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.10
2018-12-31 -0.53
2018-09-30 1.16
2018-06-30 1.25
2018-03-31 1.24
2017-12-31 1.33
2017-09-30 -0.54
2017-06-30 -0.66
2017-03-31 -0.95
2016-12-31 -0.89
2016-09-30 -0.91
2016-06-30 -0.65

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Five Point Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Five Point Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Five Point Holdings has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Five Point Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Five Point Holdings's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Five Point Holdings does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Five Point Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Five Point Holdings's 1-year growth to the US Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
Five Point Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Five Point Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FPH Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 47.10 -6.39 95.92
2018-12-31 48.99 -34.49 98.68
2018-09-30 63.31 74.61 113.44
2018-06-30 61.94 79.33 124.65
2018-03-31 62.10 74.73 123.59
2017-12-31 139.43 71.98 122.27
2017-09-30 133.70 -26.06 118.44
2017-06-30 133.20 -27.37 106.41
2017-03-31 127.17 -36.57 136.42
2016-12-31 39.37 -33.77 122.38
2016-09-30 28.71 -33.86 109.39
2016-06-30 34.19 -23.91 89.94
2016-03-31 34.26 -5.97 38.32
2015-12-31 35.58 -2.69 32.65
2015-09-30 52.32 4.77 27.68
2015-06-30 60.92 9.08 27.88
2015-03-31 67.69 11.86 28.09
2014-12-31 78.35 16.50 26.69
2013-12-31 89.51 32.61 28.43

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Five Point Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Five Point Holdings has efficiently used its assets last year compared to the US Real Estate industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Five Point Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Five Point Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Five Point Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Five Point Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Five Point Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Five Point Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Five Point Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Five Point Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Five Point Holdings Company Filings, last reported 1 month ago.

NYSE:FPH Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,929.35 611.89 373.29
2018-12-31 1,848.52 659.70 495.69
2018-09-30 1,868.97 659.40 594.91
2018-06-30 1,888.23 659.10 678.64
2018-03-31 1,911.94 663.75 778.24
2017-12-31 1,905.61 663.31 848.48
2017-09-30 1,818.43 172.48 386.86
2017-06-30 1,823.72 172.34 524.49
2017-03-31 1,483.32 172.21 127.98
2016-12-31 1,508.11 172.08 82.88
2016-09-30 1,523.91 171.95 90.37
2016-06-30
2016-03-31 348.43 8.58 133.66
2015-12-31 348.43 8.58 133.66
2015-09-30 353.34 0.00 163.11
2015-06-30 347.94 0.00 174.07
2015-03-31 349.42 0.00 188.23
2014-12-31 352.33 0.00 182.80
2013-12-31 328.31 0.00 198.08
  • Five Point Holdings's level of debt (31.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 31.7% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Five Point Holdings's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Five Point Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Five Point Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Five Point Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Five Point Holdings dividends. Estimated to be 0% next year.
If you bought $2,000 of Five Point Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Five Point Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Five Point Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:FPH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:FPH Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Five Point Holdings has not reported any payouts.
  • Unable to verify if Five Point Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Five Point Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Five Point Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Five Point Holdings's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Five Point Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Five Point Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Five Point Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Five Point Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Emile Haddad
COMPENSATION $6,702,891
AGE 59
TENURE AS CEO 3 years
CEO Bio

Mr. Emile K. Haddad has been Chairman, Chief Executive Officer and President at Five Point Holdings, LLC since May 2016. Mr. Haddad serves as Chief Executive Officer and President of FivePoint Communities, Inc. He is primarily responsible for investing in and managing the planning, development and operational activities for Great Park Neighborhoods, Valencia, Newhall Ranch and The San Francisco Shipyard and Candlestick Point. From 2009 to May 2016, he was President and Chief Executive Officer of Five Point Communities, LP, which he co-founded. Prior to co-founding Five Point Communities in 2009, he served as Chief Investment Officer of Lennar Land and Homebuilding at Lennar Corp. He served as Regional President of Lennar Homebuilding, a division at Lennar Corp. He also supervised many ventures in which Lennar was the manager of several billion dollars in assets. He was with Lennar from its inception in California and was key to its growth in the West. Prior to Lennar, he was the Senior Vice President of Bramalea, which was part of a Canadian real estate conglomerate in the 1980s and early 1990s. He has over 27 years of real estate experience in the United States and abroad. He has been a Director of Five Point Holdings, LLC since 2009. He serves as Chair of the Board of Trustees at the University of California, Irvine Foundation. He is on the Real Estate Advisory Boards of the University of California, Irvine and the University of California, Berkeley. He is also a member of the USC Price Planning Program Advisory Board and the USC Lusk Center for Real Estate Executive Committee. He serves on the Foundation Board of Children’s Hospital of Orange County. He serves on the board of directors of PBS (Public Broadcasting System) So-Cal and Claremont Graduate University. He is a nationally recognized land expert and has received many honors and awards. Mr. Haddad received a civil engineering degree from the American University of Beirut.

CEO Compensation
  • Emile's compensation has been consistent with company performance over the past year.
  • Emile's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Five Point Holdings management team in years:

2.1
Average Tenure
56
Average Age
  • The tenure for the Five Point Holdings management team is about average.
Management Team

Emile Haddad

TITLE
Chairman
COMPENSATION
$7M
AGE
59
TENURE
3 yrs

Erik Higgins

TITLE
CFO & VP
COMPENSATION
$3M
AGE
50
TENURE
3 yrs

Lynn Jochim

TITLE
Co-Chief Operating Officer
COMPENSATION
$3M
AGE
54
TENURE
1.2 yrs

Kofi Bonner

TITLE
Co-Chief Operating Officer
COMPENSATION
$3M
AGE
62
TENURE
1.2 yrs

Mike Alvarado

TITLE
Chief Legal Officer
COMPENSATION
$3M
AGE
52
TENURE
3 yrs

Steve Churm

TITLE
Executive Vice President of Public Affairs
TENURE
1 yrs

Greg McWilliams

TITLE
Chief Policy Officer
AGE
66
TENURE
1.2 yrs

Bob Wetenhall

TITLE
Executive Vice President of Capital Markets

Michael White

TITLE
VP, Treasurer & Assistant Secretary
AGE
56
TENURE
3 yrs
Board of Directors Tenure

Average tenure and age of the Five Point Holdings board of directors in years:

3
Average Tenure
60.5
Average Age
  • The tenure for the Five Point Holdings board of directors is about average.
Board of Directors

Emile Haddad

TITLE
Chairman
COMPENSATION
$7M
AGE
59
TENURE
3 yrs

Bill Browning

TITLE
Director
COMPENSATION
$240K
AGE
64
TENURE
3 yrs

Mike Rossi

TITLE
Lead Director
COMPENSATION
$255K
AGE
74

Mike Winer

TITLE
Director
COMPENSATION
$255K
AGE
62
TENURE
10.3 yrs

Rick Beckwitt

TITLE
Director
COMPENSATION
$200K
AGE
59
TENURE
3 yrs

Kathleen Brown

TITLE
Director
COMPENSATION
$240K
AGE
72
TENURE
3 yrs

Evan Carruthers

TITLE
Director
COMPENSATION
$215K
AGE
39
TENURE
10.3 yrs

Jon Foster

TITLE
Director
COMPENSATION
$220K
AGE
57
TENURE
3 yrs

Gary Hunt

TITLE
Director
COMPENSATION
$200K
AGE
69
TENURE
3 yrs

Jon Jaffe

TITLE
Director
COMPENSATION
$200K
AGE
58
TENURE
10.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. May 19 Sell Anchorage Capital Group, L.L.C. Company 09. May 19 09. May 19 -3,200,000 $7.95 $-25,440,000
11. Sep 18 Sell Gary Hunt Individual 07. Sep 18 07. Sep 18 -9,839 $10.48 $-103,113
20. Aug 18 Buy Michael Winer Individual 16. Aug 18 16. Aug 18 20,000 $10.76 $215,100
X
Management checks
We assess Five Point Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Five Point Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Volatility 101: Should Five Point Holdings (NYSE:FPH) Shares Have Dropped 47%?

Unfortunately the Five Point Holdings, LLC (NYSE:FPH) share price slid 47% over twelve months. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During the last year Five Point Holdings grew its earnings per share, moving from a loss to a profit.

Simply Wall St -

Is Five Point Holdings, LLC's (NYSE:FPH) Balance Sheet A Threat To Its Future?

Help shape the future of investing tools and you could win a $250 gift card! … Investors are always looking for growth in small-cap stocks like Five Point Holdings, LLC (NYSE:FPH), with a market cap of US$1.1b. … since poor capital management may bring about bankruptcies,

Simply Wall St -

Why We Think Five Point Holdings, LLC (NYSE:FPH) Could Be Worth Looking At

I've been keeping an eye on Five Point Holdings, LLC (NYSE:FPH) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe FPH has a lot to offer. … company with a

Simply Wall St -

Does The Hype Around Five Point Holdings, LLC's (NYSE:FPH) Growth Justify Its December Share Price?

Looking at Five Point Holdings, LLC’s (NYSE:FPH) fundamentals some investors are wondering if its last closing price of $8.08 represents a good value for money for this high growth stock. … See our latest analysis for Five Point Holdings. … The excitement around Five Point Holdings's growth potential is not unfounded

Simply Wall St -

Is Five Point Holdings LLC's (NYSE:FPH) Balance Sheet A Threat To Its Future?

Five Point Holdings LLC (NYSE:FPH) is a small-cap stock with a market capitalization of US$1.1b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is.

Simply Wall St -

Is Five Point Holdings LLC (NYSE:FPH) Attractive At This PE Ratio?

I am writing today to help inform people who are new to the stock market. … While this makes FPH appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio. … See our latest analysis for Five Point Holdings

Simply Wall St -

Five Point Holdings LLC (NYSE:FPH): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like Five Point Holdings LLC (NYSE:FPH), with a market cap of US$1.73b. … However, an important fact which most ignore is: how financially healthy is the business? … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

Is Five Point Holdings LLC's (NYSE:FPH) Balance Sheet A Threat To Its Future?

Five Point Holdings LLC (NYSE:FPH) is a small-cap stock with a market capitalization of US$1.55b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Is Five Point Holdings LLC's (NYSE:FPH) Stock Available For A Good Price After Accounting For Growth?

Five Point Holdings LLC (NYSE:FPH) closed yesterday at $13.26, which left some investors asking whether the high earnings potential can still be justified at this price. … But, seeing as Five Point Holdings is perceived as a high-growth stock, we must also account for its earnings growth, which is captured in the PEG ratio. … A PE ratio of 9.97x and expected year-on-year earnings growth of 24.46% give Five Point Holdings an extremely low PEG ratio of 0.41x.

Simply Wall St -

Company Info

Description

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, plans, develops, and owns mixed-use communities in California, the United States. The company operates through four segments: Newhall, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates properties; and provides development management services. The company was formerly known as Newhall Holding Company, LLC and changed its name to Five Point Holdings, LLC in May 2016. Five Point Holdings, LLC was founded in 2009 and is headquartered in Irvine, California.

Details
Name: Five Point Holdings, LLC
FPH
Exchange: NYSE
Founded: 2009
$1,251,367,879
$581,109,352
147,915,825
Website: http://www.fivepoint.com
Address: Five Point Holdings, LLC
15131 Alton Parkway,
4th Floor,
Irvine,
California, 92618,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE FPH Class A Common Stock New York Stock Exchange US USD 10. May 2017
DB FP9 Class A Common Stock Deutsche Boerse AG DE EUR 10. May 2017
Number of employees
Current staff
Staff numbers
180
Five Point Holdings employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 02:46
End of day share price update: 2019/05/15 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.