Want to see FPH full AI Analyst Report?
Top Page
Five Point Holdings
(NYSE:FPH)
Select Model
Select Model
Rating:61Neutral
Price Target:
$4.50
▼(-11.76% Downside)
Action:Reiterated
Date:10/24/26
FPH scores highest on financial positioning—especially deleveraging and strong liquidity—supporting resilience despite the developer’s inherent timing volatility. The main drags are weak technical momentum (below key moving averages with negative MACD) and near-term execution/timing headwinds flagged on the earnings call (deferred land sales, reduced outlook, and a quarterly net loss). Valuation (P/E ~10.27) is moderately supportive but does not fully offset the near-term variability in operating and cash flow trends.
Positive Factors
Liquidity and Deleveraging
Strong liquidity and very low net leverage provide resilience while Five Point funds infrastructure and community development. The absence of revolver borrowings and material debt maturities until 2030 also gives management flexibility to absorb land-sale timing volatility without immediate refinancing pressure.
Negative Factors
Deferred Land Sales
The reduced land-sale outlook shows that builder demand and absorption are delaying monetization of entitled communities. Deferred closings can create substantial revenue and earnings volatility, weaken near-term cash conversion, and extend the period before invested infrastructure produces returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Liquidity and Deleveraging
Strong liquidity and very low net leverage provide resilience while Five Point funds infrastructure and community development. The absence of revolver borrowings and material debt maturities until 2030 also gives management flexibility to absorb land-sale timing volatility without immediate refinancing pressure.
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.
Data provided by:
The Fly
The FlyFive Point Holdings (FPH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$459.02M
Dividend YieldN/A
Average Volume (3M)245.28K
Price to Earnings (P/E)10.2
Beta (1Y)0.72
Revenue Growth-39.15%
EPS Growth-69.83%
CountryUS
Employees90
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.41
Shares Outstanding71,920,334
10 Day Avg. Volume348,576
30 Day Avg. Volume245,281
Financial Highlights & Ratios
PEG Ratio1.81
Price to Book (P/B)0.46
Price to Sales (P/S)3.56
P/FCF Ratio3.72
Enterprise Value/Market Cap4.35
Enterprise Value/Revenue16.92
Enterprise Value/Gross Profit40.83
Enterprise Value/Ebitda19.86
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
Five Point primarily makes money by monetizing land within its master-planned communities after it has invested in planning, entitlements, and infrastructure. The company’s key revenue streams are: (1) Land sales: The core source of revenue is the...
Five Point Holdings Earnings Call Summary
Earnings Call Date:Oct 22, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jan 21, 2027
Earnings Call Sentiment Positive
The call was broadly optimistic despite near-term housing market pressure. Management emphasized strong liquidity, low net leverage, recurring fee-based revenue, progress on Great Park, Valencia, Candlestick, and Hearthstone, and continued investment in long-term opportunities. Near-term results were weakened by a $4.4 million net loss, no significant third-quarter land sales, slowing Great Park absorption, deferred transactions, and a reduced full-year outlook.Positive Updates
Strong Liquidity and Low Net Leverage
At September 30, 5 Point had $359 million in cash and cash equivalents, $218 million of availability on its revolving credit facility, and total liquidity of $576 million. The debt to total capitalization ratio was 16.2%, while net debt of $91.3 million represented a net debt to total capitalization ratio of 3.8%. The company had no borrowings outstanding under its revolving credit facility and no material debt maturities until 2030.
Negative Updates
Quarterly Net Loss and Limited Revenue
5 Point reported consolidated revenue of $14.6 million for the third quarter and a consolidated net loss of $4.4 million. The company also described the quarter as approximately $14.7 million of consolidated revenue in its detailed financial discussion.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Liquidity and Low Net Leverage
At September 30, 5 Point had $359 million in cash and cash equivalents, $218 million of availability on its revolving credit facility, and total liquidity of $576 million. The debt to total capitalization ratio was 16.2%, while net debt of $91.3 million represented a net debt to total capitalization ratio of 3.8%. The company had no borrowings outstanding under its revolving credit facility and no material debt maturities until 2030.
Read all positive updates
Company Guidance
Management now expects “a small amount of consolidated net income in the fourth quarter” and “approximately $20 million of consolidated net income” for the year, with “no more sales” at Great Park and “a sale of approximately 5 acres at Valencia,” and expects to finish the year with “over $300 million of cash and cash equivalents”; land sales are likely to be pushed to 2027, San Francisco’s first sales are expected in 2028, “probably towards the latter part of 2028,” and development spending is being managed so as “not to spend more than we have spent this year in total,” which was “about 125 for the total for the year this year,” with an effort to “keep it around that next year as well.”Five Point Holdings Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 118.00M | 110.02M | 237.93M | 211.73M | 42.69M | 224.39M |
| Gross Profit | 48.91M | 44.47M | 118.83M | 77.74M | -58.83M | 80.10M |
| EBITDA | 100.51M | 221.21M | 224.46M | 129.23M | -19.30M | 38.97M |
| Net Income | 29.34M | 70.97M | 68.30M | 55.39M | -15.40M | 6.57M |
Balance Sheet | ||||||
| Total Assets | 3.23B | 3.24B | 3.08B | 2.97B | 2.89B | 2.94B |
| Cash, Cash Equivalents and Short-Term Investments | 358.72M | 426.54M | 430.88M | 354.79M | 131.77M | 265.46M |
| Total Debt | 452.30M | 518.07M | 598.77M | 692.54M | 699.35M | 708.69M |
| Total Liabilities | 825.01M | 860.41M | 896.32M | 962.18M | 992.74M | 1.02B |
| Stockholders Equity | 849.66M | 843.25M | 749.44M | 678.05M | 618.13M | 634.42M |
Cash Flow | ||||||
| Free Cash Flow | 6.01M | 105.01M | 115.18M | 154.12M | -188.38M | -81.57M |
| Operating Cash Flow | 6.35M | 105.23M | 115.99M | 154.12M | -188.30M | -81.42M |
| Investing Cash Flow | 72.98M | -6.55M | 70.06M | 77.11M | 63.99M | 75.31M |
| Financing Cash Flow | -71.74M | -104.01M | -108.98M | -9.20M | -9.72M | -26.58M |
Five Point Holdings Technical Analysis
Negative
5.10
Price Trends
4.71
Negative
4.94
Negative
5.05
Negative
Market Momentum
-0.16
Positive
39.80
Neutral
23.98
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 5.1 is above the 20-day moving average (MA) of 4.34, above the 50-day MA of 4.71, and above the 200-day MA of 5.05, indicating a bearish trend. The MACD of -0.16 indicates Positive momentum. The RSI at 39.80 is Neutral, neither overbought nor oversold. The STOCH value of 23.98 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | $1.22B | 8.58 | 7.73% | ― | -1.64% | -15.37% | |
68 Neutral | $3.96B | 33.03 | 15.84% | 0.91% | 11.10% | 17.69% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $4.55B | 15.40 | 7.18% | 5.12% | 31.83% | 7.70% | |
62 Neutral | $111.13M | 18.94 | 4.21% | ― | -15.29% | -56.15% | |
61 Neutral | $459.02M | 10.22 | 3.47% | ― | -39.15% | -69.83% | |
46 Neutral | $285.97M | -62.75 | -14.25% | ― | -4.11% | 66.64% |
* Real Estate Sector Average
FPH
Five Point Holdings
4.18
-1.67
-28.55%
AXR
Amrep
20.87
-0.61
-2.84%
FOR
Forestar Group
23.94
-2.07
-7.96%
HHH
Howard Hughes Holdings
76.23
-3.05
-3.85%
MLP
Maui Land & Pineapple Company
14.40
-1.60
-10.00%
JOE
St Joe Company
70.02
13.79
24.54%
Five Point Holdings Corporate Events
Business Operations and Strategy
Five Point Holdings Extends Great Park Management Agreement
Positive
Sep 30, 2026
On September 29, 2026, Five Point Holdings extended its Development Management Agreement with Heritage Fields El Toro, owner of the Great Park Neighborhoods community, through December 31, 2028. Under this agreement, Five Point, via its subsidiari...
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.