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Five Point Holdings
(NYSE:FPH)
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Rating:61Neutral
Price Target:
$5.50
▲(14.82% Upside)
Action:Reiterated
Date:06/06/26
The score is driven primarily by a mixed financial profile: strong solvency and improved de-risking, but weak operating profitability and sharply lower TTM free cash flow reduce confidence in near-term consistency. Valuation helps (low P/E), while technical signals are neutral-to-soft with the stock still below longer-term moving averages. Corporate events add modest support via the authorized buyback and governance continuity.
Positive Factors
Strong balance sheet and near-zero debt
The shift to zero reported total debt and a very large equity base materially reduces financial risk for a multi-year developer. This balance sheet strength increases resilience to cyclical slowdowns, lowers refinancing need for infrastructure spending, and preserves optionality to fund projects.
Negative Factors
Weak operating profitability
A TTM operating loss and compressed EBITDA margin show the company's core operations struggle after overhead and development cycle costs. Persistent weak operating profits can limit internally generated funds for infrastructure and force reliance on asset sales or outside capital to sustain growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet and near-zero debt
The shift to zero reported total debt and a very large equity base materially reduces financial risk for a multi-year developer. This balance sheet strength increases resilience to cyclical slowdowns, lowers refinancing need for infrastructure spending, and preserves optionality to fund projects.
Read all positive factors
Five Point Holdings Key Performance Indicators (KPIs)
Any
Revenue by Geography
Revenue split across regions, indicating where sales of homes, lots, commercial space, and related services are generated. Knowing the geographic source of revenue helps investors judge growth potential and vulnerability to local housing demand, price sensitivity, and policy or economic changes that can quickly affect cash flow for a land‑heavy developer like Five Point.
Revenue split across regions, indicating where sales of homes, lots, commercial space, and related services are generated. Knowing the geographic source of revenue helps investors judge growth potential and vulnerability to local housing demand, price sensitivity, and policy or economic changes that can quickly affect cash flow for a land‑heavy developer like Five Point.
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The Fly
The FlyFive Point Holdings (FPH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$575.76M
Dividend YieldN/A
Average Volume (3M)187.21K
Price to Earnings (P/E)8.0
Beta (1Y)0.68
Revenue Growth-54.20%
EPS Growth-50.02%
CountryUS
Employees88
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.65
Shares Outstanding72,406,685
10 Day Avg. Volume166,575
30 Day Avg. Volume187,209
Financial Highlights & Ratios
PEG Ratio1.80
Price to Book (P/B)0.46
Price to Sales (P/S)3.56
P/FCF Ratio3.72
Enterprise Value/Market Cap0.86
Enterprise Value/Revenue4.49
Enterprise Value/Gross Profit11.02
Enterprise Value/Ebitda3.42
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Five Point Holdings Business Overview & Revenue Model
Company Description
Five Point Holdings, LLC, primarily operating through its subsidiary, Five Point Operating Company, LP, specializes in the ownership and development of large-scale, multi-purpose communities across Orange, Los Angeles, and San Francisco Counties i...
How the Company Makes Money
FPH primarily makes money through real estate development-related land sales and associated activities within its master-planned communities. Key revenue streams include: (1) Sale of entitled land parcels: FPH advances raw land through planning an...
Five Point Holdings Earnings Call Summary
Earnings Call Date:Jan 29, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call conveyed a predominantly positive long-term strategic and financial position highlighted by record 2025 earnings, significant liquidity ($425M cash, $643M total liquidity), successful entitlement approvals, and the Hearthstone acquisition that broadened fee-based earnings and increased AUM to ~$3.4B. Near-term caution was emphasized: management guided materially lower 2026 net income (~$100M) with earnings back-loaded to the second half and a small Q1 loss expected, noted a sharp Q4 QoQ drop in Great Park home closings (seasonality/inventory) and delayed residential sales in Valencia. Overall, the tone combined strong operational and balance-sheet achievements with prudent, conservative near-term guidance given market headwinds.Positive Updates
Record Annual Net Income
Consolidated net income of $183.5M for FY2025, a new company record (up from $177.6M in 2024, ~+3.3%). Q4 net income was $58.7M. Annual results exceeded revised Q2 2025 guidance by roughly $6M.
Negative Updates
2026 Earnings Guidance Materially Lower
Company guided to consolidated net income of approximately $100M for 2026, down ~45.5% versus FY2025 ($183.5M). Management expects earnings to be back-loaded to H2 and anticipates a small loss in Q1 2026.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Annual Net Income
Consolidated net income of $183.5M for FY2025, a new company record (up from $177.6M in 2024, ~+3.3%). Q4 net income was $58.7M. Annual results exceeded revised Q2 2025 guidance by roughly $6M.
Read all positive updates
Company Guidance
Five Point guided consolidated net income of approximately $100 million for 2026, with earnings weighted to the second half of the year (they expect a small loss in Q1); planned land sales of ~50 acres at the Great Park and ~20 acres at Valencia in 2026 (from inventory of ~155 net residential acres at the Great Park and ~55 net residential / 11 net retail / 13 net industrial acres at Valencia, excluding the newly approved entitlements), and noted sales from Entrada South and Valencia Commerce Center are expected to begin early in 2028; Hearthstone AUM is expected to exceed $4.0 billion by year-end 2026 with $300–$500 million of new capital commitments anticipated in Q1 and commensurate revenue and net income growth; initial Candlestick site work is expected to begin in H1 2026.Five Point Holdings Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
74
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 110.44M | 110.02M | 237.93M | 211.73M | 42.69M | 224.39M |
| Gross Profit | 45.02M | 44.47M | 118.83M | 77.74M | 15.20M | 80.10M |
| EBITDA | 144.91M | 221.21M | 224.46M | 129.23M | -19.30M | 38.97M |
| Net Income | 45.45M | 70.97M | 68.30M | 55.39M | -15.40M | 6.57M |
Balance Sheet | ||||||
| Total Assets | 3.19B | 3.25B | 3.08B | 2.97B | 2.89B | 2.94B |
| Cash, Cash Equivalents and Short-Term Investments | 333.56M | 426.54M | 430.88M | 354.79M | 131.77M | 265.46M |
| Total Debt | 471.58M | 518.07M | 598.77M | 692.54M | 699.35M | 708.69M |
| Total Liabilities | 810.04M | 860.41M | 896.32M | 962.18M | 992.74M | 1.02B |
| Stockholders Equity | 842.05M | 843.25M | 749.44M | 678.05M | 618.13M | 634.42M |
Cash Flow | ||||||
| Free Cash Flow | 3.82M | 105.01M | 115.18M | 154.12M | -188.38M | -81.57M |
| Operating Cash Flow | 4.00M | 105.23M | 115.99M | 154.12M | -188.30M | -81.42M |
| Investing Cash Flow | -49.33M | -6.55M | 70.06M | 77.11M | 63.99M | 75.31M |
| Financing Cash Flow | -150.43M | -104.01M | -108.98M | -9.20M | -9.72M | -26.58M |
Five Point Holdings Technical Analysis
Negative
4.79
Price Trends
5.02
Positive
5.10
Negative
5.47
Negative
Market Momentum
0.06
Positive
47.98
Neutral
31.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FPH, the sentiment is Negative. The current price of 4.79 is below the 20-day moving average (MA) of 5.15, below the 50-day MA of 5.02, and below the 200-day MA of 5.47, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 47.98 is Neutral, neither overbought nor oversold. The STOCH value of 31.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FPH.
Five Point Holdings Risk Analysis
Five Point Holdings disclosed 38 risk factors in its most recent earnings report. Five Point Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Five Point Holdings Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $1.57B | 9.26 | 9.49% | ― | 16.12% | -0.91% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | $575.76M | 7.99 | 5.56% | ― | -54.20% | -50.02% | |
52 Neutral | $342.75M | 27.30 | 1.99% | ― | 6.16% | ― | |
51 Neutral | $146.15M | ― | -0.85% | ― | ― | ― |
* Real Estate Sector Average
FPH
Five Point Holdings
5.08
-0.66
-11.50%
ARL
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20.69
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56.51%
FOR
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30.40
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45.66%
AMBR
Amber International Holding
1.44
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-85.00%
OZ
Belpointe PREP
45.97
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MRNO
Murano Global Investments
0.25
-10.28
-97.66%
Five Point Holdings Corporate Events
Executive/Board ChangesShareholder Meetings
Five Point Holdings Shareholders Approve Directors and Governance Measures
Positive
Jun 5, 2026
Five Point Holdings, LLC reported the results of its 2026 Annual Meeting of Shareholders, held on June 4, 2026, where 91.5% of eligible common shares were represented in person or by proxy. Shareholders elected three directors—Kathleen Brown...
Business Operations and StrategyStock BuybackFinancial Disclosures
Five Point Holdings Announces Q1 Results and Buyback Plan
Positive
Apr 23, 2026
On April 23, 2026, Five Point Holdings reported first-quarter 2026 results showing consolidated revenue of $13.6 million, a consolidated net loss of $5.0 million and a net loss attributable to the company of $2.2 million, reflecting a quiet land s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.