NYSE:HHC

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Executive Summary

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. More Details


Snowflake Analysis

Moderate growth potential and slightly overvalued.


Similar Companies

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 less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

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


Market Performance


7 Day Return

3.6%

HHC

-6.8%

US Real Estate

-0.06%

US Market


1 Year Return

-32.0%

HHC

-4.3%

US Real Estate

19.0%

US Market

Return vs Industry: HHC underperformed the US Real Estate industry which returned -5.9% over the past year.

Return vs Market: HHC underperformed the US Market which returned 19.1% over the past year.


Shareholder returns

HHCIndustryMarket
7 Day3.6%-6.8%-0.06%
30 Day14.6%1.8%4.4%
90 Day27.5%23.0%6.3%
1 Year-32.0%-32.0%-1.8%-4.3%21.7%19.0%
3 Year-40.7%-40.7%1.9%-5.4%46.4%36.7%
5 Year-40.4%-40.4%1.6%-8.7%91.0%69.9%

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

Valuation

Is Howard Hughes undervalued compared to its fair value and its price relative to the market?

14.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HHC ($72.01) is trading below our estimate of fair value ($85.27)

Significantly Below Fair Value: HHC is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

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

PE vs Market: HHC 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 HHC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HHC is good value based on its PB Ratio (1.1x) compared to the US Real Estate industry average (1.2x).


Next Steps

Future Growth

How is Howard Hughes forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

170.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HHC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: HHC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: HHC's is expected to become profitable in 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


Next Steps

Past Performance

How has Howard Hughes performed over the past 5 years?

-37.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HHC is currently unprofitable.

Growing Profit Margin: HHC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HHC is unprofitable, and losses have increased over the past 5 years at a rate of 37.9% per year.

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

Earnings vs Industry: HHC is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-2.3%).


Return on Equity

High ROE: HHC has a negative Return on Equity (0.1%), as it is currently unprofitable.


Next Steps

Financial Health

How is Howard Hughes's financial position?


Financial Position Analysis

Short Term Liabilities: HHC's short term assets ($1.8B) exceed its short term liabilities ($774.6M).

Long Term Liabilities: HHC's short term assets ($1.8B) do not cover its long term liabilities ($4.5B).


Debt to Equity History and Analysis

Debt Level: HHC's debt to equity ratio (114.2%) is considered high.

Reducing Debt: HHC's debt to equity ratio has increased from 99.7% to 114.2% 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.


Balance Sheet


Next Steps

Dividend

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.


Next Steps

Management

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

3.2yrs

Average management tenure


CEO

David O'Reilly (46 yo)

0.17

Tenure

US$2,397,307

Compensation

Mr. David R. O'Reilly serves as President at Howard Hughes Corporation since June 2020 and has been its Chief Financial Officer since October 17, 2016. He has been an Interim Chief Executive Officer of The...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD2.40M) is below average for companies of similar size in the US market ($USD5.22M).

Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
David O'Reilly
President0.17yrUS$2.40m0.055%
$ 2.2m
Peter Riley
Senior Executive VP9.5yrsUS$1.96m0.077%
$ 3.1m
Saul Scherl
President of New York Tristate Region4.92yrsUS$2.74m0.047%
$ 1.9m
David Striph
Executive VP and Head of Operations & Investor Relations0.83yrno data0.014%
$ 563.4k
Carlos Olea
Chief Accounting Officer2.17yrsno datano data
Cristina Carlson
Vice President of Corporate Communications & Public Relationsno datano datano data
Dara Engle
Chief People Officerno datano datano data
Kevin Orrock
President of Summerlinno datano data0.032%
$ 1.3m
Thomas Warden
Senior Vice President of Community and Government Relationsno datano datano data
Kellie Forman
Senior Vice President of Leasing1.83yrsno datano data
Andrew Schwartz
Senior Vice President of Strategic Partnerships4.67yrsno datano data
Randy Kostroske
Executive Vice President of Risk Management4.25yrsno datano data

3.2yrs

Average Tenure

61yo

Average Age

Experienced Management: HHC's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mary Tighe
Independent Director9.08yrsUS$225.00k0.070%
$ 2.8m
William Ackman
Independent Chairman of the Board10yrsno datano data
R. Sellers
Independent Director10yrsUS$245.00k0.080%
$ 3.2m
Allen Model
Independent Director10yrsUS$271.25k0.047%
$ 1.9m
Beth Kaplan
Independent Director2.92yrsUS$277.50k0.012%
$ 483.0k
Jeffrey Furber
Independent Director10yrsUS$232.50k0.047%
$ 1.9m
Steven Shepsman
Independent Director10yrsUS$260.00k0.035%
$ 1.4m
Adam Flatto
Independent Director10yrsUS$225.00k0.043%
$ 1.7m

10.0yrs

Average Tenure

62.5yo

Average Age

Experienced Board: HHC's board of directors are seasoned and experienced ( 10 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27.9%.


Top Shareholders

Company Information

The Howard Hughes Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Howard Hughes Corporation
  • Ticker: HHC
  • Exchange: NYSE
  • Founded: 2010
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: US$4.022b
  • Shares outstanding: 54.49m
  • Website: https://www.howardhughes.com

Number of Employees


Location

  • The Howard Hughes Corporation
  • 13355 Noel Road
  • 22nd Floor
  • Dallas
  • Texas
  • 75240
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HHCNYSE (New York Stock Exchange)YesCommon StockUSUSDNov 2010
HHEDB (Deutsche Boerse AG)YesCommon StockDEEURNov 2010
HHC *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNNov 2010

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/23 23:51
End of Day Share Price2020/11/23 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.