Loading...

HomeFed

OTCPK:HOFD
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HOFD
OTCPK
$581M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

HomeFed Corporation, together with its subsidiaries, invests in and develops residential and commercial real estate properties in California, Virginia, South Carolina, Florida, Maine, and New York. The last earnings update was 13 days ago. More info.


Add to Portfolio Compare Print
HOFD Share Price and Events
7 Day Returns
-0.8%
OTCPK:HOFD
-0.5%
US Real Estate
1.6%
US Market
1 Year Returns
-29.6%
OTCPK:HOFD
-16.7%
US Real Estate
2.6%
US Market
HOFD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
HomeFed (HOFD) -0.8% -3.8% -7.7% -29.6% -14.8% -33%
US Real Estate -0.5% -7.4% -9.2% -16.7% 18.9% 2.5%
US Market 1.6% -1.7% 2.1% 2.6% 38.5% 41.4%
1 Year Return vs Industry and Market
  • HOFD underperformed the Real Estate industry which returned -16.7% over the past year.
  • HOFD underperformed the Market in United States of America which returned 2.6% over the past year.
Price Volatility
HOFD
Industry
5yr Volatility vs Market

HOFD Value

 Is HomeFed 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 HomeFed 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 HomeFed.

OTCPK:HOFD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.8%
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 OTCPK:HOFD
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 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.108 (1 + (1- 21%) (18.45%))
1.18
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.18 * 5.96%)
9.77%

Discounted Cash Flow Calculation for OTCPK:HOFD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for HomeFed 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.

OTCPK:HOFD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.77%)
2019 6.33 Est @ -8.45% 5.76
2020 6.00 Est @ -5.1% 4.98
2021 5.84 Est @ -2.75% 4.42
2022 5.78 Est @ -1.1% 3.98
2023 5.78 Est @ 0.05% 3.63
2024 5.83 Est @ 0.85% 3.33
2025 5.91 Est @ 1.41% 3.08
2026 6.02 Est @ 1.81% 2.86
2027 6.14 Est @ 2.09% 2.66
2028 6.28 Est @ 2.28% 2.47
Present value of next 10 years cash flows $37.16
OTCPK:HOFD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $6.28 × (1 + 2.73%) ÷ (9.77% – 2.73%)
$91.72
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $91.72 ÷ (1 + 9.77%)10
$36.13
OTCPK:HOFD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $37.16 + $36.13
$73.29
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $73.29 / 15.50
$4.73
OTCPK:HOFD Discount to Share Price
Calculation Result
Value per share (USD) From above. $4.73
Current discount Discount to share price of $37.50
= -1 x ($37.50 - $4.73) / $4.73
-693.1%

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

  • The current share price of HomeFed is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 HomeFed's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are HomeFed's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:HOFD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.80
OTCPK:HOFD Share Price ** OTCPK (2019-05-21) in USD $37.5
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.11x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.74x

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

** Primary Listing of HomeFed.

OTCPK:HOFD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:HOFD Share Price ÷ EPS (both in USD)

= 37.5 ÷ -0.80

-47.04x

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

  • HomeFed is loss making, we can't compare its value to the US Real Estate industry average.
  • HomeFed 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 HomeFed's expected growth come at a high price?
Raw Data
OTCPK:HOFD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -47.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
38.9%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.53x

*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 HomeFed, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on HomeFed's assets?
Raw Data
OTCPK:HOFD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $29.15
OTCPK:HOFD Share Price * OTCPK (2019-05-21) in USD $37.5
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.51x
United States of America Market PB Ratio Median Figure of 5,202 Publicly-Listed Companies 1.84x
OTCPK:HOFD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:HOFD Share Price ÷ Book Value per Share (both in USD)

= 37.5 ÷ 29.15

1.29x

* Primary Listing of HomeFed.

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

  • HomeFed is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess HomeFed'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. HomeFed has a total score of 1/6, 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.

HOFD Future Performance

 How is HomeFed expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover HomeFed, future earnings growth has been estimated based on fundamentals.
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
38.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is HomeFed expected to grow at an attractive rate?
  • HomeFed's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • HomeFed's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare HomeFed's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:HOFD Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:HOFD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 38.9%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
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
OTCPK:HOFD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:HOFD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 118 7 -12
2018-12-31 141 -11 0
2018-09-30 145 -28 -6
2018-06-30 136 -49 6
2018-03-31 136 -53 19
2017-12-31 115 -27 11
2017-09-30 118 -19 16
2017-06-30 109 -9 16
2017-03-31 109 13 34
2016-12-31 87 -11 33
2016-09-30 95 15 40
2016-06-30 98 -123 41

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • HomeFed's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if HomeFed is high growth as no revenue estimate data is available.
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
OTCPK:HOFD 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 0 Analyst Estimates (S&P Global) See Below

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

OTCPK:HOFD Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.80
2018-12-31 0.00
2018-09-30 -0.42
2018-06-30 0.42
2018-03-31 1.26
2017-12-31 0.71
2017-09-30 1.01
2017-06-30 1.06
2017-03-31 2.22
2016-12-31 2.11
2016-09-30 2.59
2016-06-30 2.64

*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.
  • Unable to establish if HomeFed will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess HomeFed'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.
HomeFed has a total score of 3/6, 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.

HOFD Past Performance

  How has HomeFed 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 HomeFed'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.
  • HomeFed does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare HomeFed's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare HomeFed's 1-year growth to the US Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
HomeFed'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 HomeFed Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HOFD Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 117.55 -12.34 24.13
2018-12-31 140.57 -0.07 22.10
2018-09-30 145.29 -6.44 21.12
2018-06-30 136.02 6.46 20.24
2018-03-31 136.29 19.49 18.51
2017-12-31 114.51 10.93 17.14
2017-09-30 117.66 15.54 16.50
2017-06-30 108.97 16.40 15.76
2017-03-31 108.80 34.26 14.94
2016-12-31 86.95 32.57 14.53
2016-09-30 95.04 39.88 13.79
2016-06-30 97.75 40.63 12.95
2016-03-31 70.88 7.61 13.46
2015-12-31 69.54 5.84 13.87
2015-09-30 54.78 0.42 13.18
2015-06-30 48.21 -0.10 13.74
2015-03-31 62.87 2.63 13.24
2014-12-31 59.51 3.89 15.47
2014-09-30 80.95 13.09 14.78
2014-06-30 72.59 12.44 13.63
2014-03-31 51.36 10.06 13.04
2013-12-31 56.80 11.27 12.46
2013-09-30 37.81 4.79 11.80
2013-06-30 41.85 5.91 11.52
2013-03-31 40.72 5.62 10.55
2012-12-31 35.85 6.02 8.87
2012-09-30 32.14 4.19 8.14
2012-06-30 30.25 4.04 7.91

*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 HomeFed has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if HomeFed 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 HomeFed 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 HomeFed'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.
HomeFed 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.

HOFD Health

 How is HomeFed'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 HomeFed's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • HomeFed is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • HomeFed's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of HomeFed'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 4x 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 HomeFed Company Filings, last reported 1 month ago.

OTCPK:HOFD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 455.03 107.24 80.25
2018-12-31 458.96 88.77 63.05
2018-09-30 455.40 84.82 100.90
2018-06-30 469.06 59.65 53.04
2018-03-31 467.94 125.37 114.77
2017-12-31 457.37 118.21 40.42
2017-09-30 460.40 97.48 35.38
2017-06-30 461.45 102.11 54.14
2017-03-31 451.55 102.36 62.32
2016-12-31 447.06 102.08 53.14
2016-09-30 449.68 115.07 56.56
2016-06-30 451.67 115.40 67.68
2016-03-31 415.13 115.69 54.81
2015-12-31 416.40 116.01 66.68
2015-09-30 407.20 122.92 54.77
2015-06-30 404.70 122.68 198.37
2015-03-31 409.35 0.00 51.41
2014-12-31 412.55 0.00 61.50
2014-09-30 409.09 0.00 54.83
2014-06-30 392.31 0.00 62.57
2014-03-31 386.03 0.00 51.60
2013-12-31 189.93 0.00 57.31
2013-09-30 176.14 0.00 17.13
2013-06-30 175.21 0.00 19.61
2013-03-31 176.31 0.00 22.16
2012-12-31 177.04 0.00 22.99
2012-09-30 175.11 0.00 18.03
2012-06-30 173.10 0.00 22.45
  • HomeFed's level of debt (23.6%) 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 23.6% today).
  • Debt is not well covered by operating cash flow (6.4%, less than 20% of total debt).
  • Unable to confirm if the interest payments on HomeFed's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess HomeFed'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. HomeFed 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.

HOFD Dividends

 What is HomeFed'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 HomeFed dividends.
If you bought $2,000 of HomeFed 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 HomeFed's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate HomeFed'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
OTCPK:HOFD 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 0 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 2003 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.

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

  • Unable to perform a dividend volatility check as HomeFed has not reported any payouts.
  • Unable to verify if HomeFed's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of HomeFed's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as HomeFed has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess HomeFed'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 HomeFed afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. HomeFed 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.

HOFD Management

 What is the CEO of HomeFed'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.
  • HomeFed has no CEO, or we have no data on them.
Management Team

Christian Foulger

TITLE
President
COMPENSATION
$1M
AGE
44
TENURE
1.3 yrs

Erin Ruhe

TITLE
VP, Treasurer & Controller
COMPENSATION
$744K
AGE
52
TENURE
20.3 yrs

Jeff O’Connor

TITLE
Director of Operations

Halé Richardson

TITLE
Director of Marketing & Communications

Roland Kelly

TITLE
Corporate Secretary
Board of Directors Tenure

Average tenure and age of the HomeFed board of directors in years:

19.4
Average Tenure
69
Average Age
  • The average tenure for the HomeFed board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Joe Steinberg

TITLE
Chairman of the Board
COMPENSATION
$14K
AGE
73
TENURE
19.4 yrs

Paul Borden

TITLE
Vice Chairman
COMPENSATION
$1M
AGE
69
TENURE
1.3 yrs

Timothy Considine

TITLE
Independent Director
COMPENSATION
$64K
AGE
77
TENURE
27.3 yrs

Patrick Bienvenue

TITLE
Independent Director
COMPENSATION
$192K
AGE
63
TENURE
20.8 yrs

Michael Lobatz

TITLE
Independent Director
COMPENSATION
$55K
AGE
69
TENURE
24.3 yrs

Brian Friedman

TITLE
Director
COMPENSATION
$14K
AGE
62
TENURE
5.1 yrs

Haim Hallac

TITLE
Director
COMPENSATION
$14K
AGE
47
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. Nov 18 Sell Patrick Bienvenue Individual 21. Nov 18 21. Nov 18 -1,000 $44.50 $-44,500
21. Nov 18 Buy Haim Hallac Individual 21. Nov 18 21. Nov 18 900 $44.50 $40,050
X
Management checks
We assess HomeFed'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. HomeFed 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.

HOFD News

Simply Wall St News

HOFD Company Info

Description

HomeFed Corporation, together with its subsidiaries, invests in and develops residential and commercial real estate properties in California, Virginia, South Carolina, Florida, Maine, and New York. The company develops residential and commercial land development projects and other unimproved land, as well as projects in various stages of development, and retail and office operating properties. It also engages in the design engineering, grading raw land, and constructing public infrastructure, such as streets, utilities, and public facilities, as well as develops individual lots for home sites or other facilities. In addition, the company holds interest in Brooklyn Renaissance Plaza, which comprises a 665 room hotel operated by Marriott; and operates an office building complex and parking space garage located in Brooklyn, New York. Further, it holds interest in HomeFed Village III Master, LLC that owns and develops an approximate 450 acre community planned for 948 homes in the Otay Ranch General Plan Area of Chula Vista, California. HomeFed Corporation was incorporated in 1988 and is headquartered in Carlsbad, California. HomeFed Corporation operates as a subsidiary of Jefferies Financial Group Inc.

Details
Name: HomeFed Corporation
HOFD
Exchange: OTCPK
Founded: 1988
$581,259,225
15,500,246
Website: http://www.homefedcorporation.com
Address: HomeFed Corporation
1903 Wright Place,
Suite 220,
Carlsbad,
California, 92008,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK HOFD Common Stock Pink Sheets LLC US USD 26. Oct 1999
Number of employees
Current staff
Staff numbers
39
HomeFed employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 03:26
End of day share price update: 2019/05/21 00:00
Last earnings filing: 2019/05/09
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.