FRP Holdings (FRPH) AI Stock Analysis

• Market Cap: $487.29M
• Dividend Yield: N/A
• Average Volume (3M): 39.10K
• Price to Earnings (P/E): 91.0
• Beta (1Y): 0.47
• Revenue Growth: 2.45%
• EPS Growth: -29.26%
• Country: US
• Employees: 19
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.03
• Shares Outstanding: 19,109,234
• 10 Day Avg. Volume: 38,878
• 30 Day Avg. Volume: 39,099
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.17
• Enterprise Value/Revenue: 13.64
• Enterprise Value/Gross Profit: 14.90
• Enterprise Value/Ebitda: 25.57
• 1Y Price Target: $27.00
• Price Target Upside: 6.01% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 61 Neutral
• Price Target: $27.00 ▲(6.01% Upside)

FRP Holdings' overall stock score is primarily influenced by its strong financial performance and promising future growth prospects in certain segments. However, the high P/E ratio and bearish technical indicators weigh down the score. The earnings call provided mixed signals, with challenges in some areas but optimism in others.

FRP Holdings Business Overview & Revenue Model

Company Description

FRP Holdings, Inc. engages in the real estate businesses in the United States. The company operates through four segments: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture. The Asset Management segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment owns various properties comprising approximately 15,000 acres under lease for mining rents or royalties primarily in Florida, Georgia, and Virginia. This segment also owns an additional 107 acres of investment property in Brooksville, Florida. The Development segment owns and monitors the use of parcels of land that are in various stages of development. The Stabilized Joint Venture segment owns, leases, and manages a 305-unit residential apartment building with approximately 14,430 square feet of first floor retail space; 264-unit residential apartment building with 6,758 square feet of retail space; and 294-unit garden-style apartment community located in Henrico County, Virginia that consists of 19 three-story apartment buildings containing 273,940 rentable square feet. FRP Holdings, Inc. was incorporated in 2014 and is based in Jacksonville, Florida.

How the Company Makes Money

FRP Holdings generates revenue primarily through leasing and rental income from its diversified real estate portfolio. The company earns money by renting out space in its commercial properties, including warehouses and office buildings, to tenants. Additionally, FRPH may realize profits through capital appreciation from property sales and strategic development projects. The company also benefits from property management fees, which are earned by managing third-party properties. Key partnerships with various stakeholders in the real estate sector, including developers, local governments, and financial institutions, further enhance FRP Holdings' ability to generate revenue and expand its market reach.

FRP Holdings Financial Statement Overview

Summary

FRP Holdings demonstrates strong financial performance with robust revenue growth and profitability. The company maintains a conservative balance sheet with low leverage, though it faces potential risks due to high capital expenditures. Continued focus on operational efficiency and liquidity management will be crucial for sustaining growth.

Income Statement

FRP Holdings has shown strong revenue growth and profitability. The TTM (Trailing-Twelve-Months) revenue of $41.95M represents a steady increase from previous years, with a notable gross profit margin of 91.5%. The net profit margin improved to 16.2%, indicating effective cost management. However, the slight decline in EBIT margin from 28.0% to 26.6% suggests potential pressure on operational efficiency.

Balance Sheet

The company's balance sheet is robust, with a strong equity base and low leverage. The debt-to-equity ratio stands at 0.42, reflecting conservative financial management. The equity ratio of 59.3% indicates a solid financial footing. However, the slight decline in stockholders' equity growth warrants attention.

Cash Flow

FRP Holdings' cash flow is stable, with a consistent operating cash flow to net income ratio of 4.5. The free cash flow growth rate has been significant, indicating effective cash generation. However, high investing cash outflows in the TTM period suggest aggressive capital investments, which could pose liquidity risks if not managed carefully.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	41.95M	41.77M	41.51M	37.48M	31.22M	23.58M
Gross Profit	38.38M	38.34M	37.86M	33.36M	27.47M	20.76M
EBITDA	22.37M	22.03M	21.69M	20.08M	9.26M	5.27M
Net Income	6.79M	6.38M	5.30M	4.57M	28.21M	12.71M
Balance Sheet
Total Assets	717.12M	728.49M	709.17M	701.08M	678.19M	535.73M
Cash, Cash Equivalents and Short-Term Investments	142.93M	148.62M	157.56M	177.50M	162.27M	149.52M
Total Debt	178.25M	178.85M	178.71M	178.56M	178.41M	89.96M
Total Liabilities	256.63M	259.37M	261.19M	256.87M	252.94M	154.18M
Stockholders Equity	425.17M	423.10M	414.52M	407.14M	396.42M	366.55M
Cash Flow
Free Cash Flow	30.58M	28.99M	32.97M	71.53M	52.21M	1.07M
Operating Cash Flow	30.58M	28.99M	32.97M	22.34M	22.24M	18.61M
Investing Cash Flow	-42.32M	-50.62M	-48.75M	-23.20M	66.60M	50.53M
Financing Cash Flow	2.18M	12.70M	-4.17M	16.83M	-1.23M	-21.84M

FRP Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 25.47
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FRPH, the sentiment is Negative. The current price of 25.47 is below the 20-day moving average (MA) of 25.82, below the 50-day MA of 26.44, and below the 200-day MA of 28.46, indicating a bearish trend. The MACD of -0.28 indicates Positive momentum. The RSI at 44.14 is Neutral, neither overbought nor oversold. The STOCH value of 21.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FRPH.

FRP Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMAX	71 Outperform	$306.34M	20.60	2.21%	―	-5.21%	―
RMR	71 Outperform	$535.41M	14.59	8.12%	10.70%	-16.99%	-24.57%
Sector *	63 Neutral	$7.02B	13.41	-0.50%	6.86%	4.08%	-25.24%
FRPH	61 Neutral	$487.29M	91.01	1.26%	―	2.45%	-29.26%
TCI	55 Neutral	$407.34M	61.38	0.79%	―	-4.20%	11.20%
MLP	51 Neutral	$343.52M	―	-45.55%	―	74.64%	-256.63%
NEN	―	$251.76M	15.69		6.69%	―	―

FRP Holdings Corporate Events

FRP Holdings Hosts Investor Day on Strategic Plans

FRP Holdings announced its Investor Day event scheduled for May 22, 2025, where it will present its strategic plans and financial outlook. The company is shifting its portfolio towards industrial and commercial properties, aiming for long-term growth in net operating income, and leveraging strong market fundamentals and strategic partnerships to maximize returns.