Five Point Holdings (FPH) AI Stock Analysis

• Market Cap: $621.62M
• Dividend Yield: N/A
• Average Volume (3M): 187.21K
• Price to Earnings (P/E): 4.3
• Beta (1Y): 0.65
• Revenue Growth: -1.52%
• EPS Growth: 81.35%
• Country: US
• Employees: 88
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): N/A
• Shares Outstanding: 70,971,450
• 10 Day Avg. Volume: 166,575
• 30 Day Avg. Volume: 187,209
• PEG Ratio: -0.11
• Price to Book (P/B): 0.35
• Price to Sales (P/S): 1.10
• P/FCF Ratio: 2.27
• Enterprise Value/Market Cap: 4.23
• Enterprise Value/Revenue: 13.56
• Enterprise Value/Gross Profit: 31.82
• Enterprise Value/Ebitda: 81.58
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: $6.50 ▲(5.52% Upside)

The score is driven primarily by improved financial performance and strong TTM cash generation, plus a low P/E valuation. These positives are tempered by revenue and margin volatility typical of development timing, leverage considerations, and mixed technical momentum signals; the earnings call adds support but acknowledges meaningful market and timing headwinds (notably Valencia delays and rate/affordability pressure).

Positive Factors

Strong cash generation

Sustained TTM operating and free cash flow strength that closely tracks earnings gives Five Point durable internal funding for land development, debt service, and JV commitments. Reliable cash generation reduces dependence on equity raises and improves resilience through project timing cycles.

Refinancing reduced cash costs

A substantial refinancing that lowers annual interest costs materially improves recurring cash flow and interest coverage. Combined with a Moody’s upgrade, this structurally lowers financing risk and expands capacity to fund development or opportunistic investments over the next several years.

Strategic acquisition expands platform

Acquiring majority of Hearthstone builds a national capital-solutions platform for homebuilders, diversifying revenue streams beyond California master-planned projects. This structural expansion can increase JV opportunities, recurring fee income, and mitigate regional concentration risk over the medium term.

Negative Factors

Revenue and margin volatility

Material year-over-year revenue decline and recent gross margin step-down signal development-timing sensitivity. For a project-driven developer, such volatility can persist across cycles, making earnings and cash flow less predictable and constraining longer-term planning and capital allocation.

Still debt-heavy capital structure

Although debt has declined from peak levels, overall leverage remains elevated for a cyclical real estate developer and reporting inconsistencies limit transparency. Persistent leverage increases refinancing and covenant risk and reduces flexibility during downturns or extended project delays.

Project timing & demand headwinds

A multiyear pause in Valencia lot sales and ongoing affordability and interest-rate pressures structurally delay revenue realization and extend inventory carrying periods. Prolonged timing shifts can magnify working capital needs and compress returns on development investments.

Five Point Holdings Business Overview & Revenue Model

Company Description

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County. The company operates in four segments: Valencia, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates and owns a commercial office, medical campus, and other properties; and provides development and property management services. The company was formerly known as Newhall Holding Company, LLC and changed its name to Five Point Holdings, LLC in May 2016. Five Point Holdings, LLC was incorporated in 2009 and is headquartered in Irvine, California.

How the Company Makes Money

Five Point Holdings generates revenue through multiple streams, primarily by developing and selling residential and commercial properties within its planned communities. The company typically engages in joint ventures and partnerships to share capital expenditures and risks, which facilitates large-scale developments. Additionally, FPH earns revenue from leasing commercial spaces to businesses and collecting homeowners' association fees in residential communities. Significant partnerships with local municipalities and other developers also aid in navigating regulatory processes, further enhancing the company's revenue potential through streamlined project approvals and increased market access.

Five Point Holdings Financial Statement Overview

Summary

Five Point Holdings exhibits strong financial performance with impressive revenue growth and profitability. The balance sheet is healthy, with manageable leverage and stable equity metrics. Cash flow management is effective, although further improvements in cash flow consistency and liability management could enhance financial stability.

Income Statement

Five Point Holdings has shown impressive revenue growth with a consistent increase in total revenue from previous years. The company's gross profit and net profit margins have improved significantly, indicating strong profitability. The EBIT and EBITDA margins are robust, reflecting efficient operational management.

Balance Sheet

The balance sheet displays a healthy debt-to-equity ratio, suggesting manageable leverage. The return on equity has improved over time, indicating enhanced shareholder value. Additionally, the equity ratio remains stable, showing a strong capital position, although there is room for improvement in reducing liabilities.

Cash Flow

The cash flow statement reveals strong free cash flow growth, highlighting effective cash management. The operating cash flow to net income ratio is favorable, suggesting good cash earnings quality. The company is successfully converting profits into cash, though further improvements in cash flow consistency could be beneficial.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	193.90M	237.93M	211.73M	42.69M	224.39M	153.62M
Gross Profit	82.64M	118.83M	77.74M	15.20M	80.10M	42.25M
EBITDA	32.23M	86.91M	46.10M	-22.20M	29.26M	-26.75M
Net Income	94.17M	68.30M	55.39M	-15.40M	6.57M	-428.00K
Balance Sheet
Total Assets	3.19B	3.08B	2.97B	2.89B	2.94B	2.96B
Cash, Cash Equivalents and Short-Term Investments	351.13M	430.88M	354.79M	131.77M	265.46M	298.14M
Total Debt	444.53M	598.77M	692.54M	699.35M	708.69M	730.36M
Total Liabilities	835.77M	896.32M	962.18M	992.74M	1.02B	1.05B
Stockholders Equity	803.04M	749.44M	678.05M	618.13M	634.42M	617.67M
Cash Flow
Free Cash Flow	209.02M	115.18M	154.12M	-188.38M	-81.57M	-80.65M
Operating Cash Flow	209.12M	115.99M	154.12M	-188.30M	-81.42M	-78.50M
Investing Cash Flow	12.97M	70.06M	77.11M	63.99M	75.31M	52.94M
Financing Cash Flow	-95.48M	-108.98M	-9.20M	-9.72M	-26.58M	-23.54M

Five Point Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 6.16 is above the 20-day moving average (MA) of 5.63, above the 50-day MA of 5.84, and above the 200-day MA of 5.70, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 46.44 is Neutral, neither overbought nor oversold. The STOCH value of 40.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FPH.

Five Point Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FPH	71 Outperform	$621.62M	4.34	12.52%	―	-1.52%	81.35%
FOR	71 Outperform	$1.42B	8.33	9.99%	―	10.13%	-18.11%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ARL	53 Neutral	$263.60M	45.51	0.95%	―	-0.58%	―
AMBR	48 Neutral	$245.45M	-0.74	―	―	-75.38%	―

Five Point Holdings Corporate Events

Five Point Holdings Expands Credit Facility Agreement

On October 21, 2025, Five Point Operating Company, LP, a subsidiary of Five Point Holdings, LLC, entered into significant amendments to its credit agreements with several banks, including Zions Bancorporation and JPMorgan Chase Bank. The amendments increased the company’s revolving credit facility from $125 million to $217.5 million, with the potential to expand up to $300 million, and extended the maturity date to July 2029, enhancing the company’s financial flexibility.

The most recent analyst rating on (FPH) stock is a Buy with a $6.50 price target. To see the full list of analyst forecasts on Five Point Holdings stock, see the FPH Stock Forecast page.