The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. More Details
Moderate growth potential and slightly overvalued.
Share Price & News
How has Howard Hughes's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HHC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: HHC's weekly volatility (4%) has been stable over the past year.
7 Day Return
US Real Estate
1 Year Return
US Real Estate
Return vs Industry: HHC exceeded the US Real Estate industry which returned 82.6% over the past year.
Return vs Market: HHC exceeded the US Market which returned 39% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Howard Hughes's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StWe Like Howard Hughes' (NYSE:HHC) Earnings For More Than Just Statutory Profit
1 month ago | Simply Wall StInvestors Who Bought Howard Hughes (NYSE:HHC) Shares A Year Ago Are Now Up 106%
2 months ago | Simply Wall StThe Independent Director of The Howard Hughes Corporation (NYSE:HHC), Allen Model, Just Bought 26% More Shares
Is Howard Hughes undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HHC ($103.44) is trading below our estimate of fair value ($138.31)
Significantly Below Fair Value: HHC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HHC is poor value based on its PE Ratio (177.6x) compared to the US Real Estate industry average (24.4x).
PE vs Market: HHC is poor value based on its PE Ratio (177.6x) compared to the US market (19.2x).
Price to Earnings Growth Ratio
PEG Ratio: HHC is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: HHC is overvalued based on its PB Ratio (1.5x) compared to the US Real Estate industry average (1.4x).
How is Howard Hughes forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HHC's forecast earnings growth (94.5% per year) is above the savings rate (2%).
Earnings vs Market: HHC's earnings (94.5% per year) are forecast to grow faster than the US market (15.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: Insufficient data to determine if HHC's revenue is forecast to grow faster than the US market.
High Growth Revenue: Insufficient data to determine if HHC's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if HHC's Return on Equity is forecast to be high in 3 years time
How has Howard Hughes performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HHC has a large one-off loss of $29.9M impacting its March 31 2021 financial results.
Growing Profit Margin: HHC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: HHC's earnings have declined by 47.8% per year over the past 5 years.
Accelerating Growth: HHC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HHC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (-11.4%).
Return on Equity
High ROE: HHC's Return on Equity (1.5%) is considered low.
How is Howard Hughes's financial position?
Financial Position Analysis
Short Term Liabilities: HHC's short term assets ($1.7B) exceed its short term liabilities ($795.4M).
Long Term Liabilities: HHC's short term assets ($1.7B) do not cover its long term liabilities ($4.7B).
Debt to Equity History and Analysis
Debt Level: HHC's debt to equity ratio (120.3%) is considered high.
Reducing Debt: HHC's debt to equity ratio has increased from 102.3% to 120.3% over the past 5 years.
Debt Coverage: HHC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if HHC's interest payments on its debt are well covered by EBIT.
What is Howard Hughes's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HHC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HHC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HHC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HHC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HHC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David O'Reilly (46 yo)
Mr. David R. O'Reilly serves as Chief Executive Officer of The Howard Hughes Corporation since December 01, 2020 and its Director since 2020 and served as its Interim Chief Financial Officer since 2020 unt...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD4.92M) is about average for companies of similar size in the US market ($USD6.67M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Experienced Management: HHC's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
Experienced Board: HHC's board of directors are seasoned and experienced ( 10.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HHC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
The Howard Hughes Corporation's company bio, employee growth, exchange listings and data sources
- Name: The Howard Hughes Corporation
- Ticker: HHC
- Exchange: NYSE
- Founded: 2010
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: US$5.483b
- Shares outstanding: 54.70m
- Website: https://www.howardhughes.com
Number of Employees
- The Howard Hughes Corporation
- 13355 Noel Road
- 22nd Floor
- United States
The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through four segments: Operating Assets; Master Pla...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/23 07:09|
|End of Day Share Price||2021/06/22 00:00|
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.