Five Point Holdings, LLC (FPH) AI Stock Analysis
FPH AI stock analysis summary
AI ResearchFive Point Holdings, LLC (FPH) develops master-planned communities across coastal California. In FY2025, revenue declined 53.8% to $110.0M, while net income rose to $71.0M with a net margin of 64.5%. As of June 30, 2026, the company held $348.4M in cash and short-term investments against $444.0M in total debt.
- Market cap
- $643.4M
- Revenue (TTM)
- $116.9M
- P/E
- 6.1x fwd 11.3x
- 1Y return
- -26.6% S&P 500 16.8%
- Avg. target
- $12.00 175.9% vs last close
Bull case
- The company produced $105.0M in free cash flow in FY2025 with a net margin of 64.5%.
- FPH shares trade at a price-to-book multiple of 0.4x with $849.0M in shareholders' equity.
- Quarterly revenue grew 86.0% year-over-year in the latest quarter ended June 30, 2026, accompanied by 228.2% earnings growth.
Bear case
- Annual revenue has been uneven, dropping 53.8% to $110.0M in FY2025 and posting a 5-year revenue CAGR of -6.5%.
- FPH shares have declined 26.6% over the trailing 12 months, trailing the S&P 500's 16.8% gain.
- The trailing twelve months operating margin is -54.3%, and the company trades at an elevated EV/EBITDA of 150.0x.
What Five Point does
Five Point Holdings, LLC, operating through its subsidiary Five Point Operating Company, LP, specializes in the ownership and development of mixed-use and planned communities across Orange County, Los Angeles County, and San Francisco County. The company is organized into four segments: Valencia, San Francisco, Great Park, and Commercial. Its operations include the sale of residential and commercial land to homebuilders, commercial developers, and other buyers. It also owns and manages commercial offices and medical campuses, while providing development and property management services. Founded in 2009 and headquartered in Irvine, California, it previously operated as Newhall Holding Company, LLC before rebranding in May 2016.
Growth and profitability
Five Point Holdings has experienced volatile revenue trends, recording a 5-year revenue CAGR of -6.5% from FY2020 to FY2025. Revenue rose 46.1% to $224.4M in FY2021 before falling 81.0% to $42.7M in FY2022. It rebounded to $211.7M in FY2023 and $237.9M in FY2024, followed by a 53.8% decline in FY2025 to $110.0M. Despite the drop, FY2025 net income reached $71.0M and EPS rose to $0.80, supported by a 40.4% gross margin and a 64.5% net margin, though operating margin was -6.7%. For the quarter ended June 30, 2026, quarterly revenue grew 86.0% and quarterly earnings increased 228.2% year-over-year.
Balance sheet and cash flow
As of June 30, 2026, Five Point Holdings had $348.4M in cash and short-term investments and $444.0M in total debt, resulting in net debt of $95.7M. Total assets stood at $3.22B, while shareholders' equity was $849.0M, yielding a debt-to-equity ratio of 0.52 and a current ratio of 5.20. In FY2025, the company generated $105.2M in operating cash flow and $105.0M in free cash flow, alongside capital expenditures of $217,000. Over 5 years, its share count changed by 121.4%.
Valuation and performance
Five Point Holdings trades at a trailing P/E of 6.1x and a forward P/E of 11.3x, both below the median of its US-listed Real Estate peers at 21.6x and 23.5x, respectively. Its price-to-book ratio is 0.4x, while its price-to-sales ratio is 5.5x compared to the peer median of 3.7x. The company trades at an EV/EBITDA of 150.0x, compared to 14.7x for its peer median. Over the past year, FPH shares fell 26.6% while the S&P 500 (SPY) gained 16.8%, and over 5 years the stock is down 42.0% versus an 83.0% return for the index.
What analysts expect
The mean price target for Five Point Holdings is $12.00, which sits 175.9% above the last close of $4.35 on October 16, 2026. The company has beaten EPS estimates in 2 of the last 4 quarters. Its next earnings report is scheduled for November 4, 2026.
Key risks and what to watch
- The company carries total debt of $444.0M and net debt of $95.7M, which requires steady cash generation to service.
- Operating margin over the trailing twelve months was -54.3%, reflecting core operational losses.
- Share count has expanded by 121.4% over 5 years, highlighting substantial equity dilution.
- With a beta of 1.36 and the stock trading 15.0% below its 200-day average, share price volatility remains elevated.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this FPH AI stock analysis
This page is an AI-written research summary of Five Point Holdings, LLC (FPH). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: FPH income statement, FPH balance sheet, FPH key metrics, FPH chart. See the FPH stock overview for the latest quote and news.
FPH AI stock analysis FAQ
What is Five Point Holdings' price-to-earnings ratio?
As of October 16, 2026, Five Point Holdings has a trailing P/E of 6.1x and a forward P/E of 11.3x.
Does Five Point Holdings pay a dividend?
Five Point Holdings does not report a dividend.
What are Five Point Holdings' debt and cash levels?
As of June 30, 2026, the company held $348.4M in cash and short-term investments against $444.0M in total debt, leaving net debt at $95.7M.
What is the consensus analyst price target for FPH?
The mean price target is $12.00, representing an upside of 175.9% above its closing price of $4.35 on October 16, 2026.
When does Five Point Holdings report earnings next?
The next scheduled earnings date for the company is November 4, 2026.