Five Point Holdings (NYSE:FPH) - Share price, News & Analysis

FPH fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

FPH Stock Overview

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County.

Risk Analysis

Earnings have declined by 14.6% per year over past 5 years

Significant insider selling over the past 3 months

Five Point Holdings Competitors

Howard Hughes

NYSE:HHC

US$4.4b

Tri Pointe Homes

NYSE:TPH

US$2.1b

Masonite International

NYSE:DOOR

US$1.9b

Alexander & Baldwin

NYSE:ALEX

US$1.5b

Price History & Performance

Summary of all time highs, changes and price drops for Five Point Holdings
Historical stock prices
Current Share Price	US$5.19
52 Week High	US$8.93
52 Week Low	US$5.09
Beta	1.3
1 Month Change	-13.21%
3 Month Change	-15.75%
1 Year Change	-24.34%
3 Year Change	-37.77%
5 Year Change	-67.56%
Change since IPO	-65.49%

Recent News & Updates

Apr 18

Five Point Holdings: CA Real Estate Market Breakdown And Company Position

Five Point Holdings is a real estate developer in high-value real estate markets of California. The company has two major developments already established in Irvine and Valencia, with a large piece of land in SF. Currently trading at a 0.6x price to book, I offer some key data points for you to determine whether the company is undervalued.

Shareholder Returns

	FPH	US Real Estate	US Market
7D	-8.0%	-0.1%	-2.5%
1Y	-24.3%	-47.7%	-10.4%

Return vs Industry: FPH exceeded the US Real Estate industry which returned -47.7% over the past year.

Return vs Market: FPH underperformed the US Market which returned -10.4% over the past year.

Price Volatility

Is FPH's price volatile compared to industry and market?
FPH volatility
FPH Average Weekly Movement	4.6%
Real Estate Industry Average Movement	9.3%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.7%
10% least volatile stocks in US Market	2.8%

Stable Share Price: FPH is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: FPH's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2009	160	Dan Hedigan	https://www.fivepoint.com

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County. The company operates in four segments: Valencia, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates and owns a commercial office, medical campus, and other properties; and provides development and property management services.

Five Point Holdings Fundamentals Summary

How do Five Point Holdings's earnings and revenue compare to its market cap?
FPH fundamental statistics
Market Cap	US$770.79m
Earnings (TTM)	-US$1.12m
Revenue (TTM)	US$216.10m

3.6x

P/S Ratio

-686.5x

P/E Ratio

Is FPH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
FPH income statement (TTM)
Revenue	US$216.10m
Cost of Revenue	US$136.45m
Gross Profit	US$79.65m
Other Expenses	US$80.77m
Earnings	-US$1.12m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0076
Gross Margin	36.86%
Net Profit Margin	-0.52%
Debt/Equity Ratio	32.8%

How did FPH perform over the long term?

See historical performance and comparison

Valuation

Is Five Point Holdings undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

1.25x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FPH's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate FPH's fair value for valuation analysis.

Price To Earnings Ratio

PE vs Industry: FPH is unprofitable, so we can't compare its PE Ratio to the US Real Estate industry average.

PE vs Market: FPH is unprofitable, so we can't compare its PE Ratio to the US market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FPH's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: FPH is good value based on its PB Ratio (1.3x) compared to the US Real Estate industry average (1.4x).

Future Growth

How is Five Point Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

27.0%

Forecasted Real Estate industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Five Point Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

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

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-14.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FPH is currently unprofitable.

Growing Profit Margin: FPH is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: FPH is unprofitable, and losses have increased over the past 5 years at a rate of 14.6% per year.

Accelerating Growth: Unable to compare FPH's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FPH is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (132%).

Return on Equity

High ROE: FPH has a negative Return on Equity (-0.13%), as it is currently unprofitable.

Financial Health

How is Five Point Holdings's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: FPH's short term assets ($2.3B) exceed its short term liabilities ($121.6M).

Long Term Liabilities: FPH's short term assets ($2.3B) exceed its long term liabilities ($911.1M).

Debt to Equity History and Analysis

Debt Level: FPH's net debt to equity ratio (22%) is considered satisfactory.

Reducing Debt: FPH's debt to equity ratio has increased from 11.6% to 32.8% over the past 5 years.

Debt Coverage: FPH's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: FPH earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate FPH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FPH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FPH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FPH's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FPH has not reported any payouts.

Next Steps

Explore strong dividend paying companies in the Real Estate industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure

CEO

Dan Hedigan (67 yo)

0.25

Tenure

Mr. Daniel Hedigan, also known as Dan, serves as Chief Executive Officer at Five Point Holdings, LLC since February 9, 2022. He served as President of Land Sales & Home Building for The Irvine Company LLC...

Leadership Team

Experienced Management: FPH's management team is considered experienced (4 years average tenure).

Board Members

Experienced Board: FPH's board of directors are considered experienced (6 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: FPH insiders have only sold shares in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/15 00:00
End of Day Share Price	2022/05/13 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31