AMEX:TPHS

Stock Analysis Report

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Executive Summary

Trinity Place Holdings Inc., a real estate holding, investment, and asset management company, engages in commercial real estate business in the United States. More Details


Snowflake Analysis

Fair value with questionable track record.


Similar Companies

Share Price & News

How has Trinity Place Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TPHS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

10.0%

TPHS

-2.3%

US Real Estate

-1.1%

US Market


1 Year Return

-63.9%

TPHS

-19.2%

US Real Estate

15.0%

US Market

Return vs Industry: TPHS underperformed the US Real Estate industry which returned -17.7% over the past year.

Return vs Market: TPHS underperformed the US Market which returned 15.6% over the past year.


Shareholder returns

TPHSIndustryMarket
7 Day10.0%-2.3%-1.1%
30 Day7.8%9.8%2.9%
90 Day0.7%9.8%5.7%
1 Year-63.9%-63.9%-17.0%-19.2%17.6%15.0%
3 Year-80.5%-80.5%-15.2%-21.6%38.9%29.7%
5 Year-77.8%-77.8%-14.8%-24.2%78.4%58.4%

Price Volatility Vs. Market

How volatile is Trinity Place Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Trinity Place Holdings undervalued compared to its fair value and its price relative to the market?

2.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate TPHS's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate TPHS's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: TPHS is good value based on its PE Ratio (2.3x) compared to the US Real Estate industry average (36.9x).

PE vs Market: TPHS is good value based on its PE Ratio (2.3x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TPHS is good value based on its PB Ratio (0.6x) compared to the US Real Estate industry average (1x).


Next Steps

Future Growth

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

66.2%

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 Trinity Place 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.


Next Steps

Past Performance

How has Trinity Place Holdings performed over the past 5 years?

33.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TPHS has a large one-off gain of $33.7M impacting its June 30 2020 financial results.

Growing Profit Margin: TPHS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TPHS has become profitable over the past 5 years, growing earnings by 33.9% per year.

Accelerating Growth: TPHS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TPHS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (7.1%).


Return on Equity

High ROE: Whilst TPHS's Return on Equity (25.51%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Trinity Place Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: TPHS's short term assets ($26.1M) exceed its short term liabilities ($17.6M).

Long Term Liabilities: TPHS's short term assets ($26.1M) do not cover its long term liabilities ($216.7M).


Debt to Equity History and Analysis

Debt Level: TPHS's debt to equity ratio (284.6%) is considered high.

Reducing Debt: TPHS's debt to equity ratio has reduced from 301.6% to 284.6% over the past 5 years.

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

Interest Coverage: Insufficient data to determine if TPHS's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Trinity Place Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate TPHS'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 TPHS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TPHS'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 TPHS'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?

5.4yrs

Average management tenure


CEO

Matthew Messinger (48 yo)

7yrs

Tenure

US$2,145,954

Compensation

Mr. Matthew Messinger has been the Chief Executive Officer and President at Trinity Place Holdings Inc. since October 1, 2013 and has been its Director since March 9, 2016. Mr. Messinger serves as Senior V ...


CEO Compensation Analysis

Compensation vs Market: Matthew's total compensation ($USD2.15M) is above average for companies of similar size in the US market ($USD585.94K).

Compensation vs Earnings: Matthew's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Matthew Messinger
President7yrsUS$2.15m4%
$ 1.8m
Steven Kahn
Chief Financial Officer5.08yrsUS$600.49k0.23%
$ 106.3k
Richard Pyontek
Chief Accounting Officer5.75yrsUS$258.30k0.074%
$ 33.5k
Miriam Harris
Executive Vice Presidentno datano datano data
Charles Gans
Senior Vice President3yrsno datano data

5.4yrs

Average Tenure

52yo

Average Age

Experienced Management: TPHS's management team is seasoned and experienced (5.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Matthew Messinger
President7yrsUS$2.15m4%
$ 1.8m
Alexander Matina
Independent Chairmanno dataUS$116.51k0.16%
$ 72.8k
Jeffrey Citrin
Additional Independent Director2.5yrsUS$95.00k0.46%
$ 207.2k
Alan Cohen
Independent Director8.08yrsUS$100.50k0.14%
$ 64.3k
Joanne Minieri
Independent Director6.92yrsUS$107.50k0.43%
$ 192.9k
Keith Pattiz
Independent Director6.92yrsUS$95.50k0.28%
$ 128.7k

6.9yrs

Average Tenure

61yo

Average Age

Experienced Board: TPHS's board of directors are considered experienced (6.9 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Trinity Place Holdings Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Trinity Place Holdings Inc.
  • Ticker: TPHS
  • Exchange: AMEX
  • Founded: 1959
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: US$45.336m
  • Shares outstanding: 32.15m
  • Website: https://www.tphs.com

Number of Employees


Location

  • Trinity Place Holdings Inc.
  • 340 Madison Avenue
  • Suite 3C
  • New York
  • New York
  • 10173
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TPHSAMEX (NYSE MKT LLC)YesCommon StockUSUSDSep 1983

Biography

Trinity Place Holdings Inc., a real estate holding, investment, and asset management company, engages in commercial real estate business in the United States. The company’s principal asset is located at 77 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 00:08
End of Day Share Price2020/10/27 00:00
Earnings2020/06/30
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.