Five Point Holdings (FPH) Stock

$5.88 -0.11 (-1.84%)
Market Cap: $407.89M | NYSE

Five Point Holdings Chart


Company Profile

Price: $5.88

Market Cap: $407.89M

Exchange: NYSE

CEO: Mr. Daniel Hedigan J.D.

Sector: Real Estate

Industry: Real Estate - Development

Employees: 90

Headquarters: Irvine, CA

Business Summary

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.

Five Point Holdings News

Five Point Holdings, LLC (FPH) Q4 2024 Earnings Call Transcript

Five Point Holdings, LLC (NYSE:FPH ) Q4 2024 Earnings Conference Call January 23, 2025 5:00 PM ET Company Participants Dan Hedigan - Chief Executive Officer Mike Alvarado - Chief Operating Officer and Chief Legal Officer Kim Tobler - Chief Financial Officer Conference Call Participants Alan Ratner - Zelman & Associates Robert Heimowitz - Concise Capital Operator Greetings, and welcome to the Five Point Holdings, LLC Fourth Quarter and Year-End 2024 Conference Call. As a reminder, this call is being recorded.

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Five Point Holdings, LLC Reports Fourth Quarter and Year-End 2024 Results

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point” or the “Company”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, today reported its fourth quarter and year-end 2024 results. Dan Hedigan, Chief Executive Officer, said, “I am pleased to report that we finished 2024 strong, with consolidated net income for the quarter of $121.0 million, giving us consolidated net income for the year of $177.6 million and total cash and cash equivale.

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Five Point Holdings, LLC Sets Date for Fourth Quarter and Year-end 2024 Earnings Announcement and Investor Conference Call

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its fourth quarter and year-end 2024 financial results at 5:00 p.m. Eastern Time on Thursday, January 23, 2025. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 45.

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California Dreaming: The Case For Five Point Holdings

Five Point Holdings, LLC focuses on developing mixed-use, master-planned communities in prime California locations, with no dividends but strong recent stock performance. Revenue is projected to grow 7-8% annually, driven by solid land sales and strong builder demand, especially in high-demand areas like Valencia and Great Park. Residential land sales are key, offering higher revenue per acre compared to retail parcels, with recent deals showing strong demand and high land values.

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Five Point Holdings, LLC (FPH) Q3 2024 Earnings Call Transcript

Five Point Holdings, LLC (NYSE:FPH ) Q3 2024 Earnings Conference Call October 17, 2024 5:00 PM ET Company Participants Dan Hedigan - CEO Kim Tobler - CFO Conference Call Participants Alan Ratner - Zelman & Associates Operator Greetings, and welcome to the Five Point Holdings LLC Third Quarter 2024 Conference Call. As a reminder, this call is being recorded.

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Five Point Holdings, LLC Reports Third Quarter 2024 Results

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point” or the “Company”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, today reported its third quarter 2024 results. Dan Hedigan, Chief Executive Officer, said, “In the third quarter, we generated stronger than expected net income of $12.3 million, which is our sixth consecutive quarter reporting net income, and we ended the quarter with cash and cash equivalents of $224.5 million and to.

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Five Point Holdings, LLC Announces Changes to its Board of Directors

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point” or the “Company”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in coastal California, announced today that Sam Levinson, Chief Investment Officer at Glick Family Investments (“Glick”), a private family office, has been appointed to the Company's Board of Directors (“Board”) effective immediately. The appointment follows the recent sale disclosed by Castlelake, L.P. and its affiliated funds (“Cas.

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Five Point Holdings, LLC Sets Date for Third Quarter 2024 Earnings Announcement and Investor Conference Call

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its third quarter 2024 financial results at 5:00 p.m. Eastern Time on Thursday, October 17, 2024. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domest.

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Five Point Holdings, LLC (FPH) Q2 2024 Earnings Call Transcript

Five Point Holdings, LLC (NYSE:FPH ) Q2 2024 Earnings Call Transcript July 18, 2024 5:00 PM ET Company Participants Dan Hedigan - CEO Mike Alvarado - COO and Chief Legal Officer Kim Tobler - CFO Conference Call Participants Alan Ratner - Zelman & Associates Matt Jackson - Mycor Capital Kyle Chung - Private Investor Operator Greetings, and welcome to the Five Point Holdings Second Quarter 2024 Conference Call. As a reminder, this call is being recorded.

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Five Point Holdings, LLC Sets Date for Second Quarter 2024 Earnings Announcement and Investor Conference Call

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its second quarter 2024 financial results at 5:00 p.m. Eastern Time on Thursday, July 18, 2024. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domestic.

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Five Point Holdings, LLC (FPH) Q1 2024 Earnings Call Transcript

Five Point Holdings, LLC (NYSE:FPH ) Q1 2024 Earnings Conference Call April 18, 2024 5:00 PM ET Company Participants Dan Hedigan - CEO Kim Tobler - CFO Stuart Miller - Executive Chairman Conference Call Participants Alan Ratner - Zelman & Associates Myron Kaplan - Private Investor Operator Greetings, and welcome to the Five Point Holdings, LLC First Quarter 2024 Conference Call. As a reminder, this call is being recorded.

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Five Point Holdings, LLC Reports First Quarter 2024 Results

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point” or the “Company”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, today reported its first quarter 2024 results. Dan Hedigan, Chief Executive Officer, said, “In the first quarter of 2024, we continued to position ourselves for future success. We generated earnings for the fourth consecutive quarter and ended the quarter with total liquidity of $358 million. We also successfully compl.

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Five Point Holdings, LLC Sets Date for First Quarter 2024 Earnings Announcement and Investor Conference Call

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its first quarter 2024 financial results at 5:00 p.m. Eastern Time on Thursday, April 18, 2024. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domestic.

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Five Point Holdings, LLC Announces Appointment of Mike Alvarado as Chief Operating Officer

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point” or the “Company”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in coastal California, today announced the appointment of Mike Alvarado as Chief Operating Officer of the Company, effective immediately. Mr. Alvarado will also continue to serve in his position as the Company's Chief Legal Officer, Vice President and Secretary. Mr. Alvarado is an experienced executive with over 30 years of experienc.

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Five Point Holdings, LLC (FPH) Q4 2023 Earnings Call Transcript

Five Point Holdings, LLC (FPH) Q4 2023 Earnings Call Transcript

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Five Point Holdings, LLC Reports Fourth Quarter and Year-End 2023 Results

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point” or the “Company”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, today reported its fourth quarter and year-end 2023 results. Dan Hedigan, Chief Executive Officer, said, “We finished 2023 strong with consolidated net income for the quarter of $58.7 million, giving us consolidated net income for the year of $113.7 million and total cash and cash equivalents of $353.8 million as of ye.

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Five Point Holdings, LLC Sets Date for Fourth Quarter and Year-end 2023 Earnings Announcement and Investor Conference Call

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its fourth quarter and year-end 2023 financial results at 5:00 p.m. Eastern Time on Thursday, January 18, 2024. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 45.

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Five Point Holdings, LLC Announces Early Participation Deadline Results for the Previously Announced Exchange Offer and Consent Solicitation

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point” or the “Company”) (NYSE: FPH) today announced the early participation results of the previously announced exchange offer and consent solicitation by Five Point Operating Company, LP, through which Five Point owns all of its assets and conducts all of its operations (the “Issuer”), and Five Point Capital Corp., a wholly owned subsidiary of the Issuer (together with the Issuer, the “Issuers”), to Eligible Holders to exchange.

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Five Point Holdings, LLC Announces Commencement of Exchange Offer and Consent Solicitation

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point” or the “Company”) (NYSE: FPH) today announced that Five Point Operating Company, LP, through which Five Point owns all of its assets and conducts all of its operations (the “Issuer”), and Five Point Capital Corp., a wholly owned subsidiary of the Issuer (together with the Issuer, the “Issuers”), commenced an offer to Eligible Holders (as defined herein) to exchange (such offer, the “Exchange Offer”) any and all of the Issue.

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Five Point Holdings, LLC (FPH) Q3 2023 Earnings Call Transcript

Five Point Holdings, LLC (FPH) Q3 2023 Earnings Call Transcript

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Five Point Holdings, LLC Reports Third Quarter 2023 Results

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point” or the “Company”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, today reported its third quarter 2023 results. Dan Hedigan, Chief Executive Officer, said, “In the third quarter, we built on our positive momentum from the first half of the year, with earnings for the third quarter of $14.2 million and an increase in our cash position of $25.1 million, giving us total cash and cash e.

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Five Point Holdings, LLC Sets Date for Third Quarter 2023 Earnings Announcement and Investor Conference Call

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its third quarter 2023 financial results at 5:00 p.m. Eastern Time on Thursday, October 19, 2023. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domest.

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Five Point Holdings, LLC Announces Appointment of Kim Tobler as Chief Financial Officer

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point” or the “Company”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in coastal California, today announced the appointment of Kim Tobler as Chief Financial Officer, Treasurer and Vice President of the Company, effective immediately. Mr. Tobler is an experienced executive with over 35 years of experience in tax, financial reporting, and corporate finance, primarily in the real estate sector. He has se.

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Five Point Holdings: A Cheap Investment With A Hard Catalyst

Five Point Holdings is an undervalued and misunderstood California land developer. The company owns three major communities in California with significant real estate available for development. The market is overly concerned with the company's ability to pay down and refinance the 2025 Note.

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Five Point Holdings, LLC (FPH) Q2 2023 Earnings Call Transcript

Five Point Holdings, LLC (NYSE:FPH ) Q2 2023 Earnings Conference Call July 20, 2023 5:00 PM ET Company Participants Dan Hedigan - Chief Executive Officer Leo Kij - Interim Chief Financial Officer Conference Call Participants Alan Ratner - Zelman & Associates Terrance Balkaran - Diameter Capital Arun Seshadri - BNP Paribas Operator Greetings, and welcome to the Five Point Holdings, LLC Second Quarter 2023 Conference Call. As a reminder, this call is being recorded.

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Five Point Holdings, LLC Reports Second Quarter 2023 Results

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point” or the “Company”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, today reported its second quarter 2023 results. Dan Hedigan, Chief Executive Officer, said, “During the second quarter, we were able to execute effectively on our three main priorities (generating revenue, rightsizing SG&A, and managing capital spend) and to achieve results that exceeded our expectations. For the q.

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Five Point Holdings, LLC Sets Date for Second Quarter 2023 Earnings Announcement and Investor Conference Call

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its second quarter 2023 financial results at 5:00 p.m. Eastern Time on Thursday, July 20, 2023. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domestic.

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Five Point Holdings, LLC Sets Date for First Quarter 2023 Earnings Announcement and Investor Conference Call

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its first quarter 2023 financial results at 5:00 p.m. Eastern Time on Thursday, April 20, 2023. A live Internet audio webcast of the conference call will be available on the Five Point website at https://ir.fivepoint.com.

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Five Point Holdings, LLC (FPH) Q4 2022 Earnings Call Transcript

Five Point Holdings, LLC (NYSE:FPH ) Q4 2022 Earnings Conference Call January 19, 2023 5:30 PM ET Company Participants Dan Hedigan - CEO Leo Kij - Interim CFO Mike Alvarado - Chief Legal Officer Kim Tobler - VP Treasurer and Tax Stuart Miller - Executive Chairman Conference Call Participants Alan Ratner - Zelman & Associates Robert Heimowitz - Concise Capital Operator Greetings and welcome to the Five Point Holdings LLC Fourth Quarter and Year-End 2022 Conference Call. As a reminder, this call is being recorded.

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Five Point Holdings, LLC Reports Fourth Quarter and Year-End 2022 Results

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point” or the “Company”) (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, today reported its fourth quarter and year-end 2022 results. Dan Hedigan, Chief Executive Officer, said, “The fourth quarter was marked by taking the first step in executing on our commercial land sale strategy, with the sale of a 42 acre site at the Great Park. We have now demonstrated that our communities have two potential sources of meaningful land sale revenue – residential and commercial. While we are well aware that the interest rate and capital markets environment may impact our land sales in 2023, our team continues to be focused on our core priorities: generating revenue; managing our capital spend; and diligently managing our selling, general and administrative expenses. Execution on these priorities should generate net positive cash flow for 2023 and provide the liquidity to allow us to capitalize on the opportunities that we expect will be available when the markets stabilize.” Consolidated Results Liquidity and Capital Resources As of December 31, 2022, total liquidity of $256.8 million was comprised of cash and cash equivalents totaling $131.8 million and borrowing availability of $125.0 million under our unsecured revolving credit facility. Total capital was $1.9 billion, reflecting $2.9 billion in assets and $1.0 billion in liabilities and redeemable noncontrolling interests. Results of Operations for the Three Months Ended December 31, 2022 Revenues. Revenues of $17.0 million for the three months ended December 31, 2022 were primarily generated from management services. Additionally, we collected $14.2 million in incentive compensation payments from our development management agreement with the Great Park Venture. Equity in earnings from unconsolidated entities. Equity in earnings from unconsolidated entities was $26.2 million for the three months ended December 31, 2022. The Great Park Venture closed the sale of 42 acres of land entitled for commercial use in the fourth quarter driving net income for the Great Park Venture of $88.6 million. Our share of the net income from our 37.5% percentage interest, adjusted for basis differences, was $26.1 million. The Great Park Venture made aggregate distributions to its members of $157.0 million, of which we received $52.7 million for our 37.5% percentage interest. Additionally, we recognized $0.2 million in loss from our 75% interest in the Gateway Commercial Venture. The Gateway Commercial Venture made distributions of excess cash to its members during the fourth quarter, of which we received $8.6 million from our 75% interest. Selling, general, and administrative. Selling, general, and administrative expenses were $13.1 million for the three months ended December 31, 2022. Net income. Consolidated net income for the quarter was $22.5 million. Net income attributable to noncontrolling interests totaled $11.2 million, resulting in net income attributable to the Company of $11.3 million. Net income attributable to noncontrolling interests represents the portion of income allocated to related party partners and members that hold units of the operating company and the San Francisco Venture. Holders of units of the operating company and the San Francisco Venture can redeem their interests for either, at our election, our Class A common shares on a one-for-one basis or cash. In connection with any redemption or exchange, our ownership of our operating subsidiaries will increase thereby reducing the amount of income allocated to noncontrolling interests in subsequent periods. Results of Operations for the Twelve Months Ended December 31, 2022 Revenues. Revenues of $42.7 million for the twelve months ended December 31, 2022 were primarily generated from management services in addition to profit participation revenues received from Valencia homebuilders. Equity in earnings from unconsolidated entities. Equity in earnings from unconsolidated entities was $21.5 million for the twelve months ended December 31, 2022. The Great Park Venture generated net income of $69.0 million. Our share of the net income from our 37.5% percentage interest, adjusted for basis differences, was $20.4 million. Additionally, we recognized $0.1 million in loss from our 75% interest in the Gateway Commercial Venture and $1.2 million in earnings from our 10% interest in the Valencia Landbank Venture. Selling, general, and administrative. Selling, general, and administrative expenses were $54.6 million for the twelve months ended December 31, 2022 compared to $77.1 million for 2021, a 29% reduction. Net loss. Consolidated net loss for the year was $34.8 million. Net loss attributable to noncontrolling interests totaled $19.4 million, resulting in net loss attributable to the Company of $15.4 million. Conference Call Information In conjunction with this release, Five Point will host a conference call on Thursday, January 19, 2023 at 5:30 p.m. Eastern Time. Dan Hedigan, Chief Executive Officer, and Leo Kij, Interim Chief Financial Officer, will host the call. Interested investors and other parties can listen to a live Internet audio webcast of the conference call that will be available on the Five Point website at ir.fivepoint.com. The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international). A telephonic replay will be available starting approximately two hours after the end of the call by dialing (844) 512-2921, or for international callers, (412) 317-6671. The passcode for the live call and the replay is 13735390. The telephonic replay will be available until 11:59 p.m. Eastern Time on February 2, 2023. About Five Point Five Point, headquartered in Irvine, California, designs and develops large mixed-use planned communities in Orange County, Los Angeles County, and San Francisco County that combine residential, commercial, retail, educational, and recreational elements with public amenities, including civic areas for parks and open space. Five Point’s communities include the Great Park Neighborhoods® in Irvine, Valencia® in Los Angeles County, and Candlestick® and The San Francisco Shipyard® in the City of San Francisco. These communities are designed to include approximately 40,000 residential homes and approximately 23 million square feet of commercial space. Forward-Looking Statements This press release contains forward-looking statements that are subject to risks and uncertainties. These statements concern expectations, beliefs, projections, plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. When used, the words “anticipate,” “believe,” “expect,” “intend,” “may,” “might,” “plan,” “estimate,” “project,” “should,” “will,” “would,” “result” and similar expressions that do not relate solely to historical matters are intended to identify forward-looking statements. This press release may contain forward-looking statements regarding: our expectations of our future revenues, costs and financial performance; future demographics and market conditions in the areas where our communities are located; the outcome of pending litigation and its effect on our operations; the timing of our development activities; and the timing of future real estate purchases or sales. We caution you that any forward-looking statements included in this press release are based on our current views and information currently available to us. Forward-looking statements are subject to risks, trends, uncertainties and factors that are beyond our control. Some of these risks and uncertainties are described in more detail in our filings with the SEC, including our Annual Report on Form 10-K, under the heading “Risk Factors.” Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. We caution you therefore against relying on any of these forward-looking statements. While forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. They are based on estimates and assumptions only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes, except as required by applicable law. FIVE POINT HOLDINGS, LLC CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except share and per share amounts) (Unaudited) Three Months Ended December 31, Twelve Months Ended December 31, 2022 2021 2022 2021 REVENUES: Land sales $ 270 $ 129,413 $ 913 $ 139,500 Land sales—related party 2,983 43,213 7,512 43,286 Management services—related party 13,075 8,839 31,433 39,081 Operating properties 671 750 2,836 2,527 Total revenues 16,999 182,215 42,694 224,394 COSTS AND EXPENSES: Land sales (996 ) 106,012 (996 ) 106,012 Management services 7,889 6,759 20,261 31,459 Operating properties 2,433 1,724 8,230 6,822 Selling, general, and administrative 13,119 17,605 54,591 77,118 Restructuring — — 19,437 — Total costs and expenses 22,445 132,100 101,523 221,411 OTHER INCOME (EXPENSE): Interest income 381 20 826 94 Miscellaneous (91 ) (113 ) 245 3,720 Total other income (expense) 290 (93 ) 1,071 3,814 EQUITY IN EARNINGS (LOSS) FROM UNCONSOLIDATED ENTITIES 26,167 (2,860 ) 21,513 6,188 INCOME (LOSS) BEFORE INCOME TAX BENEFIT 21,011 47,162 (36,245 ) 12,985 INCOME TAX BENEFIT 1,487 330 1,471 325 NET INCOME (LOSS) 22,498 47,492 (34,774 ) 13,310 LESS NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS 11,221 25,008 (19,371 ) 6,742 NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY $ 11,277 $ 22,484 $ (15,403 ) $ 6,568 NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY PER CLASS A SHARE Basic $ 0.16 $ 0.32 $ (0.22 ) $ 0.09 Diluted $ 0.15 $ 0.32 $ (0.23 ) $ 0.09 WEIGHTED AVERAGE CLASS A SHARES OUTSTANDING Basic 68,534,163 67,448,348 68,429,271 67,394,794 Diluted 144,630,573 143,544,758 68,430,212 143,491,204 NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY PER CLASS B SHARE Basic and diluted $ 0.00 $ 0.00 $ (0.00 ) $ 0.00 WEIGHTED AVERAGE CLASS B SHARES OUTSTANDING Basic and diluted 79,233,544 79,233,544 79,233,544 79,233,544 FIVE POINT HOLDINGS, LLC CONSOLIDATED BALANCE SHEETS (In thousands, except shares) (Unaudited) December 31, 2022 December 31, 2021 ASSETS INVENTORIES $ 2,239,125 $ 2,096,824 INVESTMENT IN UNCONSOLIDATED ENTITIES 331,594 374,553 PROPERTIES AND EQUIPMENT, NET 30,243 31,466 INTANGIBLE ASSET, NET—RELATED PARTY 40,257 51,405 CASH AND CASH EQUIVALENTS 131,771 265,462 RESTRICTED CASH AND CERTIFICATES OF DEPOSIT 992 1,330 RELATED PARTY ASSETS 97,126 101,818 OTHER ASSETS 14,676 20,052 TOTAL $ 2,885,784 $ 2,942,910 LIABILITIES AND CAPITAL LIABILITIES: Notes payable, net $ 620,651 $ 619,116 Accounts payable and other liabilities 94,426 115,374 Related party liabilities 93,086 95,918 Deferred income tax liability, net 11,506 12,998 Payable pursuant to tax receivable agreement 173,068 174,126 Total liabilities 992,737 1,017,532 REDEEMABLE NONCONTROLLING INTEREST 25,000 25,000 CAPITAL: Class A common shares; No par value; Issued and outstanding: December 31, 2022—69,068,354 shares; December 31, 2021—70,107,552 shares Class B common shares; No par value; Issued and outstanding: December 31, 2022—79,233,544 shares; December 31, 2021—79,233,544 shares Contributed capital 587,733 587,587 Retained earnings 33,386 48,789 Accumulated other comprehensive loss (2,988 ) (1,952 ) Total members’ capital 618,131 634,424 Noncontrolling interests 1,249,916 1,265,954 Total capital 1,868,047 1,900,378 TOTAL $ 2,885,784 $ 2,942,910 FIVE POINT HOLDINGS, LLC SUPPLEMENTAL DATA (In thousands) (Unaudited) Liquidity December 31, 2022 Cash and cash equivalents $ 131,771 Borrowing capacity(1) 125,000 Total liquidity $ 256,771 (1) As of December 31, 2022, no borrowings or letters of credit were outstanding on the Company’s $125.0 million revolving credit facility. Debt to Total Capitalization and Net Debt to Total Capitalization December 31, 2022 Debt(1) $ 625,000 Total capital 1,868,047 Total capitalization $ 2,493,047 Debt to total capitalization 25.1 % Debt(1) $ 625,000 Less: Cash and cash equivalents 131,771 Net debt 493,229 Total capital 1,868,047 Total net capitalization $ 2,361,276 Net debt to total capitalization(2) 20.9 % (1) For purposes of this calculation, debt is the amount due on the Company’s notes payable before offsetting for capitalized deferred financing costs. (2) Net debt to total capitalization is a non-GAAP financial measure defined as net debt (debt less cash and cash equivalents) divided by total net capitalization (net debt plus total capital). The Company believes the ratio of net debt to total capitalization is a relevant and a useful financial measure to investors in understanding the leverage employed in the Company’s operations. However, because net debt to total capitalization is not calculated in accordance with GAAP, this financial measure should not be considered in isolation or as an alternative to financial measures prescribed by GAAP. Rather, this non-GAAP financial measure should be used to supplement the Company's GAAP results. Segment Results The following tables reconcile the results of operations of our segments to our consolidated results for the three and twelve months ended December 31, 2022 (in thousands): Three Months Ended December 31, 2022 Valencia San Francisco Great Park Commercial Total reportable segments Corporate and unallocated Total under management Removal of unconsolidated entities(1) Total consolidated REVENUES: Land sales $ 270 $ — $ 241,612 $ — $ 241,882 $ — $ 241,882 $ (241,612 ) $ 270 Land sales—related party 2,983 — 2,770 — 5,753 — 5,753 (2,770 ) 2,983 Home sales — — — — — — — — — Management services—related party(2) — — 12,969 106 13,075 — 13,075 — 13,075 Operating properties 509 162 — 2,147 2,818 — 2,818 (2,147 ) 671 Total revenues 3,762 162 257,351 2,253 263,528 — 263,528 (246,529 ) 16,999 COSTS AND EXPENSES: Land sales (996 ) — 140,574 — 139,578 — 139,578 (140,574 ) (996 ) Home sales — — (1,092 ) — (1,092 ) — (1,092 ) 1,092 — Management services(2) — — 7,889 — 7,889 — 7,889 — 7,889 Operating properties 2,433 — — 822 3,255 — 3,255 (822 ) 2,433 Selling, general, and administrative 3,057 1,404 2,486 1,088 8,035 8,658 16,693 (3,574 ) 13,119 Management fees—related party — — 14,653 — 14,653 — 14,653 (14,653 ) — Total costs and expenses 4,494 1,404 164,510 1,910 172,318 8,658 180,976 (158,531 ) 22,445 OTHER (EXPENSE) INCOME: Interest income 1 1 828 — 830 379 1,209 (828 ) 381 Interest expense — — — (535 ) (535 ) — (535 ) 535 — Miscellaneous (91 ) — — — (91 ) — (91 ) — (91 ) Total other (expense) income (90 ) 1 828 (535 ) 204 379 583 (293 ) 290 EQUITY IN EARNINGS FROM UNCONSOLIDATED ENTITIES 313 — 23 — 336 — 336 25,831 26,167 SEGMENT (LOSS) PROFIT/INCOME BEFORE INCOME TAX BENEFIT (509 ) (1,241 ) 93,692 (192 ) 91,750 (8,279 ) 83,471 (62,460 ) 21,011 INCOME TAX BENEFIT — — — — — 1,487 1,487 — 1,487 SEGMENT (LOSS) PROFIT/NET INCOME $ (509 ) $ (1,241 ) $ 93,692 $ (192 ) $ 91,750 $ (6,792 ) $ 84,958 $ (62,460 ) $ 22,498 (1) Represents the removal of the Great Park Venture and Gateway Commercial Venture operating results, which are included in the Great Park segment and Commercial segment operating results at 100% of each venture’s historical basis, respectively, but are not included in our consolidated results as we account for our investment in each venture using the equity method of accounting. (2) For the Great Park and Commercial segments, represents the revenues and expenses attributable to the management company for providing services to the Great Park Venture and the Gateway Commercial Venture, as applicable. Twelve Months Ended December 31, 2022 Valencia San Francisco Great Park Commercial Total reportable segments Corporate and unallocated Total under management Removal of unconsolidated entities(1) Total consolidated REVENUES: Land sales $ 913 $ — $ 270,882 $ — $ 271,795 $ — $ 271,795 $ (270,882 ) $ 913 Land sales—related party 7,512 — 12,520 — 20,032 — 20,032 (12,520 ) 7,512 Home sales — — 40,475 — 40,475 — 40,475 (40,475 ) — Management services—related party(2) — — 31,015 418 31,433 — 31,433 — 31,433 Operating properties 2,146 690 — 8,395 11,231 — 11,231 (8,395 ) 2,836 Total revenues 10,571 690 354,892 8,813 374,966 — 374,966 (332,272 ) 42,694 COSTS AND EXPENSES: Land sales (996 ) — 155,692 — 154,696 — 154,696 (155,692 ) (996 ) Home sales — — 29,692 — 29,692 — 29,692 (29,692 ) — Management services(2) — — 20,261 — 20,261 — 20,261 — 20,261 Operating properties 8,230 — — 2,645 10,875 — 10,875 (2,645 ) 8,230 Selling, general, and administrative 13,602 4,087 18,127 4,289 40,105 36,902 77,007 (22,416 ) 54,591 Restructuring — — — — — 19,437 19,437 — 19,437 Management fees—related party — — 53,298 — 53,298 — 53,298 (53,298 ) — Total costs and expenses 20,836 4,087 277,070 6,934 308,927 56,339 365,266 (263,743 ) 101,523 OTHER INCOME (EXPENSE): Interest income 1 1 1,532 — 1,534 824 2,358 (1,532 ) 826 Interest expense — — — (1,541 ) (1,541 ) — (1,541 ) 1,541 — Loss on extinguishment of debt — — — (89 ) (89 ) — (89 ) 89 — Miscellaneous 245 — — — 245 — 245 — 245 Total other income (expense) 246 1 1,532 (1,630 ) 149 824 973 98 1,071 EQUITY IN EARNINGS FROM UNCONSOLIDATED ENTITIES 1,196 — 354 — 1,550 — 1,550 19,963 21,513 SEGMENT (LOSS) PROFIT/LOSS BEFORE INCOME TAX BENEFIT (8,823 ) (3,396 ) 79,708 249 67,738 (55,515 ) 12,223 (48,468 ) (36,245 ) INCOME TAX BENEFIT — — — — — 1,471 1,471 — 1,471 SEGMENT (LOSS) PROFIT/NET LOSS $ (8,823 ) $ (3,396 ) $ 79,708 $ 249 $ 67,738 $ (54,044 ) $ 13,694 $ (48,468 ) $ (34,774 ) (1) Represents the removal of the Great Park Venture and Gateway Commercial Venture operating results, which are included in the Great Park segment and Commercial segment operating results at 100% of each venture’s historical basis, respectively, but are not included in our consolidated results as we account for our investments in each venture using the equity method of accounting. (2) For the Great Park and Commercial segments, represents the revenues and expenses attributable to the management company for providing services to the Great Park Venture and the Gateway Commercial Venture, as applicable. The table below reconciles the Great Park segment results to the equity in earnings from our investment in the Great Park Venture that is reflected in the consolidated statements of operations for the three and twelve months ended December 31, 2022 (in thousands): Three Months Ended December 31, 2022 Twelve Months Ended December 31, 2022 Segment profit from operations $ 93,692 $ 79,708 Less net income of management company attributed to the Great Park segment 5,080 10,754 Net income of the Great Park Venture 88,612 68,954 The Company’s share of net income of the Great Park Venture 33,230 25,858 Basis difference amortization (7,152 ) (5,414 ) Equity in earnings from the Great Park Venture $ 26,078 $ 20,444 The table below reconciles the Commercial segment results to the equity in loss from our investment in the Gateway Commercial Venture that is reflected in the consolidated statements of operations for the three and twelve months ended December 31, 2022 (in thousands): Three Months Ended December 31, 2022 Twelve Months Ended December 31, 2022 Segment (loss) profit from operations $ (192 ) $ 249 Less net income of management company attributed to the Commercial segment 106 418 Net loss of the Gateway Commercial Venture (298 ) (169 ) Equity in loss from the Gateway Commercial Venture $ (224 ) $ (127 )

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Five Point Holdings Earnings

This section highlights Five Point Holdings's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.

Next Earnings Date

Date: April 16, 2025
Time: After Market
Est. EPS: $-
Status: Unconfirmed

Last Earnings Results

Date: January 23, 2025
EPS: $0.65
Est. EPS: $-
Revenue: $-

Earnings Call Transcripts

Transcript Quarter Year Date Estimated EPS Actual EPS
Read Transcript Q4 2024 2025-01-23 N/A N/A
Read Transcript Q3 2024 2024-10-17 N/A N/A
Read Transcript Q2 2024 2024-07-18 N/A N/A
Read Transcript Q1 2024 2024-04-18 N/A N/A
Read Transcript Q4 2023 2024-01-18 N/A N/A
Read Transcript Q3 2023 2023-10-19 N/A N/A
Read Transcript Q2 2023 2023-07-20 N/A N/A
Read Transcript Q1 2023 2023-04-20 N/A N/A

Financial Statements

Access annual & quarterly financial statements for Five Point Holdings, including income statements, balance sheets, and cash flow statements..

Annual Income Statement

Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019
Revenue $211.73M $42.69M $224.39M $153.62M $184.38M
Cost of Revenue $133.99M $27.50M $144.29M $111.37M $131.17M
Gross Profit $77.74M $15.20M $80.10M $42.25M $53.21M
Gross Profit Ratio 36.72% 35.60% 35.70% 27.51% 28.86%
Research and Development Expenses $- $-1 $0 $0 $0
General and Administrative Expenses $51.58M $54.35M $76.83M $- $103.59M
Selling and Marketing Expenses $- $245.00K $290.00K $- $-
Selling General and Administrative Expenses $51.58M $54.59M $77.12M $83.50M $103.59M
Other Expenses $- $245.00K $3.72M $356.00K $48.00K
Operating Expenses $51.58M $54.59M $77.12M $83.50M $103.59M
Cost and Expenses $185.48M $82.09M $221.41M $194.87M $234.76M
Interest Income $7.23M $826.00K $94.00K $1.37M $7.84M
Interest Expense $- $826.00K $- $- $-
Depreciation and Amortization $19.93M $82.09M $221.41M $194.87M $234.76M
EBITDA $46.10M $-22.20M $2.98M $-27.11M $-29.74M
EBITDA Ratio 21.77% -46.74% 1.33% -26.85% -62.50%
Operating Income $26.25M $-36.90M $-23.00M $-55.39M $-135.88M
Operating Income Ratio 12.40% -86.43% -10.25% -36.06% -73.70%
Total Other Income Expenses Net $83.05M $2.90M $9.71M $44.09M $75.09M
Income Before Tax $109.30M $-36.24M $12.98M $2.84M $24.71M
Income Before Tax Ratio 51.62% -84.89% 5.79% 1.85% 13.40%
Income Tax Expense $-4.42M $-1.47M $-325.00K $1.74M $2.44M
Net Income $55.39M $-34.77M $13.31M $1.09M $22.27M
Net Income Ratio 26.16% -81.45% 5.93% 0.71% 12.08%
EPS $1.53 $-0.24 $0.20 $0.02 $0.15
EPS Diluted $0.76 $-0.24 $0.20 $0.02 $0.15
Weighted Average Shares Outstanding 72.43M 143.51M 67.39M 66.43M 145.52M
Weighted Average Shares Outstanding Diluted 145.15M 143.51M 67.39M 66.72M 145.52M
SEC Filing Source Source Source Source Source


Income Statement Charts

Breakdown September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020 December 31, 2019
Revenue $17.01M $51.19M $9.94M $118.76M $65.92M $21.35M $5.70M $17.00M $15.42M $5.39M $4.89M $182.22M $20.70M $8.30M $13.18M $111.72M $8.38M $24.31M $9.22M $146.91M
Cost of Revenue $5.49M $2.86M $4.89M $76.28M $42.69M $11.48M $3.54M $9.33M $9.07M $4.58M $4.52M $114.50M $10.17M $7.27M $12.36M $78.51M $6.88M $17.98M $8.00M $103.89M
Gross Profit $11.53M $48.33M $5.05M $42.48M $23.23M $9.87M $2.16M $7.67M $6.35M $815.00K $363.00K $67.72M $10.53M $1.04M $818.00K $33.20M $1.49M $6.33M $1.22M $43.02M
Gross Profit Ratio 67.75% 94.41% 50.82% 35.77% 35.24% 46.23% 37.94% 45.14% 41.18% 15.11% 7.43% 37.16% 50.86% 12.50% 6.21% 29.72% 17.82% 26.05% 13.28% 29.28%
Research and Development Expenses $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
General and Administrative Expenses $11.89M $12.16M $12.89M $- $- $12.73M $13.77M $- $- $- $- $- $- $- $- $40.94M $- $16.31M $24.63M $25.96M
Selling and Marketing Expenses $- $- $- $- $- $-20.00K $-21.00K $- $- $- $- $- $- $- $- $-16.03M $- $- $- $-
Selling General and Administrative Expenses $11.89M $12.16M $12.89M $13.18M $11.94M $12.71M $13.75M $13.12M $12.03M $12.65M $16.79M $17.61M $20.76M $19.22M $19.54M $24.91M $17.66M $16.31M $24.63M $25.96M
Other Expenses $- $11.31M $-12.92M $-13.10M $1.07M $-20.00K $-21.00K $-91.00K $112.00K $112.00K $112.00K $-113.00K $1.52M $1.11M $1.20M $89.00K $91.00K $88.00K $88.00K $22.00K
Operating Expenses $11.53M $12.16M $12.92M $13.10M $11.94M $12.71M $13.75M $13.12M $12.03M $12.65M $16.79M $17.61M $20.76M $19.22M $19.54M $24.91M $17.66M $16.31M $24.63M $25.96M
Cost and Expenses $17.40M $25.38M $17.80M $89.38M $54.63M $24.19M $17.29M $22.45M $21.10M $17.23M $21.31M $132.10M $30.93M $26.48M $31.90M $103.42M $24.54M $34.29M $32.62M $129.84M
Interest Income $2.60M $2.75M $3.23M $2.69M $2.41M $1.29M $836.00K $381.00K $307.00K $117.00K $21.00K $20.00K $21.00K $26.00K $27.00K $66.00K $71.00K $226.00K $1.01M $1.35M
Interest Expense $- $- $- $7.06M $- $- $- $381.00K $307.00K $- $136.00K $- $- $- $- $- $- $- $- $-
Depreciation and Amortization $2.99M $10.33M $2.87M $6.86M $1.87M $9.19M $2.02M $7.18M $6.73M $1.44M $1.59M $6.28M $19.71M $7.45M $9.25M $2.92M $3.77M $3.74M $3.71M $3.41M
EBITDA $2.60M $46.48M $-4.97M $36.16M $13.17M $6.33M $-9.57M $1.74M $1.05M $-10.39M $-35.87M $56.39M $-3.89M $-14.06M $-9.47M $11.22M $-12.39M $-6.16M $-19.69M $20.47M
EBITDA Ratio 15.29% 90.79% 9.64% 0.34% 19.98% -13.31% -203.28% -32.04% -36.86% -219.47% 94.17% 27.50% -49.44% -169.33% -71.84% 7.43% -192.94% -25.69% -213.57% 11.61%
Operating Income $-385.00K $36.15M $-7.87M $29.38M $11.30M $-28.53M $-16.79M $-12.63M $-12.41M $-13.28M $3.01M $43.84M $-16.57M $-18.18M $-18.72M $5.37M $-19.93M $-9.98M $-23.40M $13.65M
Operating Income Ratio -2.26% 70.61% -79.18% 24.74% 17.14% -133.65% -294.46% -74.29% -80.51% -246.21% 61.58% 24.06% -80.09% -218.93% -142.03% 4.81% -237.96% -41.06% -253.82% 9.29%
Total Other Income Expenses Net $14.61M $18.28M $14.88M $-5.97M $2.87M $53.42M $1.88M $26.55M $-3.85M $872.00K $-20.34M $-2.95M $2.02M $13.26M $-2.33M $-2.90M $52.59M $24.22M $-29.82M $-764.00K
Income Before Tax $14.22M $44.09M $7.04M $54.30M $14.16M $50.56M $-9.73M $21.01M $-9.53M $-10.96M $-36.76M $47.16M $-8.21M $-4.92M $-21.05M $5.40M $36.42M $14.24M $-53.22M $16.30M
Income Before Tax Ratio 83.59% 86.13% 70.83% 45.73% 21.48% 236.83% -170.60% 123.60% -61.81% -203.30% -752.44% 25.88% -39.67% -59.27% -159.67% 4.83% 434.79% 58.58% -577.21% 11.09%
Income Tax Expense $1.89M $5.87M $954.00K $-4.43M $3.00K $5.00K $8.00K $-1.49M $3.00K $8.00K $5.00K $-330.00K $-10.72M $5.00K $-11.29M $1.74M $15.62M $7.38M $-29.42M $1.18M
Net Income $4.75M $14.72M $2.33M $29.76M $6.60M $50.55M $-9.73M $22.50M $-9.53M $-5.11M $-17.13M $22.48M $-3.85M $-2.29M $-9.78M $782.00K $16.96M $6.63M $-24.81M $6.40M
Net Income Ratio 27.93% 28.76% 23.41% 25.06% 10.02% 236.80% -170.74% 132.35% -61.83% -94.77% -350.59% 12.34% -18.59% -27.57% -74.20% 0.70% 202.51% 27.28% -269.05% 4.36%
EPS $0.03 $0.21 $0.03 $0.43 $0.10 $0.34 $-0.14 $0.16 $-0.14 $-0.03 $-0.25 $0.32 $-0.06 $-0.03 $-0.15 $0.01 $0.25 $0.10 $-0.37 $0.09
EPS Diluted $0.03 $0.21 $0.02 $0.20 $0.05 $0.34 $-0.14 $0.16 $-0.14 $-0.03 $-0.24 $0.32 $-0.06 $-0.03 $-0.15 $0.01 $0.25 $0.10 $-0.36 $0.09
Weighted Average Shares Outstanding 148.51M 69.26M 69.08M 68.94M 68.89M 148.05M 68.71M 141.50M 68.51M 147.73M 68.17M 67.45M 67.43M 67.43M 67.31M 66.69M 66.77M 66.76M 66.67M 66.33M
Weighted Average Shares Outstanding Diluted 146.57M 145.96M 145.90M 145.35M 145.34M 148.05M 68.71M 144.63M 68.88M 148.87M 70.05M 67.45M 67.43M 67.43M 67.31M 66.69M 142.89M 142.88M 68.82M 145.62M
SEC Filing Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source

Annual Balance Sheet

Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019
Cash and Cash Equivalents $353.80M $131.77M $265.46M $298.14M $346.83M
Short Term Investments $- $- $- $- $-
Cash and Short Term Investments $353.80M $131.77M $265.46M $298.14M $346.83M
Net Receivables $69.93M $79.86M $79.08M $78.06M $68.13M
Inventory $2.21B $2.24B $2.10B $1.99B $1.89B
Other Current Assets $992.00K $18.25M $24.07M $26.96M $31.17M
Total Current Assets $2.64B $2.47B $2.47B $2.39B $2.34B
Property Plant Equipment Net $45.15M $30.24M $31.47M $32.77M $32.31M
Goodwill $- $- $- $- $-
Intangible Assets $25.27M $40.26M $51.41M $71.75M $80.35M
Goodwill and Intangible Assets $25.27M $40.26M $51.41M $71.75M $80.35M
Long Term Investments $252.82M $331.59M $374.55M $442.85M $533.24M
Tax Assets $- $11.51M $13.00M $12.58M $11.63M
Other Non-Current Assets $7.85M $3.17M $7.05M $8.03M $11.28M
Total Non-Current Assets $331.09M $416.77M $477.48M $567.97M $668.80M
Other Assets $- $- $- $- $-
Total Assets $2.97B $2.89B $2.94B $2.96B $3.00B
Account Payables $81.65M $94.43M $115.37M $135.33M $167.71M
Short Term Debt $- $- $- $- $-
Tax Payables $173.21M $173.07M $174.13M $173.25M $172.63M
Deferred Revenue $- $11.51M $-688.65M $-706.53M $-718.45M
Other Current Liabilities $6.55M $93.09M $95.92M $113.15M $127.88M
Total Current Liabilities $261.41M $360.58M $385.42M $421.73M $468.23M
Long Term Debt $692.54M $633.19M $633.05M $632.76M $632.33M
Deferred Revenue Non-Current $- $-63.33M $-73.62M $-113.15M $-127.88M
Deferred Tax Liabilities Non-Current $7.07M $11.51M $13.00M $12.58M $11.63M
Other Non-Current Liabilities $239.81M $-12.54M $-13.93M $-15.18M $-16.28M
Total Non-Current Liabilities $939.41M $632.16M $632.11M $630.16M $627.67M
Other Liabilities $-238.64M $- $- $- $-
Total Liabilities $962.18M $992.74M $1.02B $1.05B $1.10B
Preferred Stock $- $33.39M $48.79M $42.22M $42.84M
Common Stock $- $- $- $- $-
Retained Earnings $88.78M $33.39M $48.79M $42.22M $42.84M
Accumulated Other Comprehensive Income Loss $-2.33M $-2.99M $-1.95M $-2.83M $-2.68M
Other Total Stockholders Equity $591.61M $587.73M $587.59M $578.28M $571.53M
Total Stockholders Equity $678.05M $618.13M $634.42M $617.67M $611.69M
Total Equity $2.01B $1.89B $1.93B $1.91B $1.91B
Total Liabilities and Stockholders Equity $2.97B $2.89B $2.94B $2.96B $3.00B
Minority Interest $1.33B $1.27B $1.29B $1.29B $1.30B
Total Liabilities and Total Equity $2.97B $2.89B $2.94B $2.96B $3.00B
Total Investments $252.82M $331.59M $374.55M $442.85M $533.24M
Total Debt $692.54M $620.65M $619.12M $617.58M $616.05M
Net Debt $337.75M $488.88M $353.65M $319.44M $269.21M


Balance Sheet Charts

Breakdown September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020 December 31, 2019
Cash and Cash Equivalents $224.52M $218.38M $233.68M $354.79M $218.26M $193.20M $106.58M $131.77M $86.38M $127.82M $203.65M $265.46M $191.13M $236.52M $229.67M $298.14M $270.58M $215.09M $247.75M $346.83M
Short Term Investments $992.00K $- $- $- $- $- $992.00K $- $- $- $- $- $- $- $- $- $- $- $- $-
Cash and Short Term Investments $224.52M $218.38M $233.68M $354.79M $218.26M $193.20M $107.57M $131.77M $86.38M $127.82M $203.65M $265.46M $191.13M $236.52M $229.67M $298.14M $270.58M $215.09M $247.75M $346.83M
Net Receivables $109.65M $106.88M $67.47M $69.07M $75.59M $73.83M $80.41M $79.86M $87.00M $80.20M $79.12M $79.08M $72.53M $66.96M $85.14M $78.06M $75.23M $72.84M $70.46M $68.13M
Inventory $2.34B $2.29B $2.25B $2.21B $2.25B $2.25B $2.26B $2.24B $2.23B $2.19B $2.14B $2.10B $2.17B $2.10B $2.04B $1.99B $2.02B $1.98B $1.96B $1.89B
Other Current Assets $992.00K $862.00K $1.85M $1.85M $1.85M $17.10M $16.70M $18.25M $19.21M $19.79M $2.47M $24.07M $25.46M $5.08M $3.98M $26.96M $26.58M $4.28M $3.91M $31.17M
Total Current Assets $2.68B $2.62B $2.55B $2.64B $2.55B $2.54B $2.47B $2.47B $2.42B $2.42B $2.43B $2.47B $2.46B $2.41B $2.36B $2.39B $2.39B $2.27B $2.28B $2.34B
Property Plant Equipment Net $43.38M $42.17M $29.10M $43.19M $44.03M $29.67M $29.95M $30.24M $30.56M $30.88M $49.29M $31.47M $31.79M $51.94M $52.83M $32.77M $33.02M $55.27M $55.59M $32.31M
Goodwill $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Intangible Assets $- $13.73M $23.19M $25.27M $31.03M $31.66M $39.61M $40.26M $45.97M $51.41M $51.41M $51.41M $56.26M $61.19M $63.90M $71.75M $73.27M $75.63M $77.99M $80.35M
Goodwill and Intangible Assets $11.54M $13.73M $23.19M $25.27M $31.03M $31.66M $39.61M $40.26M $45.97M $51.41M $51.41M $51.41M $56.26M $61.19M $63.90M $71.75M $73.27M $75.63M $77.99M $80.35M
Long Term Investments $210.76M $237.78M $246.41M $252.82M $301.44M $302.34M $332.56M $331.59M $367.49M $372.69M $373.02M $374.55M $374.44M $374.30M $439.24M $442.85M $441.74M $469.56M $501.91M $533.24M
Tax Assets $-1.74M $-106.88M $-68.33M $-69.93M $- $- $11.51M $- $13.00M $13.00M $13.00M $- $12.58M $12.58M $12.58M $- $11.63M $11.63M $11.63M $-
Other Non-Current Assets $8.59M $114.96M $89.29M $79.75M $9.56M $11.18M $-431.00K $14.68M $5.96M $6.19M $6.63M $20.05M $4.80M $6.23M $4.47M $20.61M $9.73M $25.13M $9.28M $22.90M
Total Non-Current Assets $274.27M $301.75M $319.65M $331.09M $386.05M $374.84M $413.20M $416.77M $462.97M $474.16M $493.35M $477.48M $479.86M $506.23M $573.02M $567.97M $569.38M $637.22M $656.40M $668.80M
Other Assets $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Total Assets $2.95B $2.92B $2.87B $2.97B $2.93B $2.91B $2.88B $2.89B $2.89B $2.89B $2.92B $2.94B $2.94B $2.92B $2.94B $2.96B $2.96B $2.91B $2.94B $3.00B
Account Payables $100.14M $83.27M $77.85M $81.65M $100.10M $90.76M $100.30M $94.43M $107.36M $100.76M $121.61M $115.37M $158.20M $137.00M $144.24M $135.33M $138.07M $122.26M $161.66M $167.71M
Short Term Debt $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Tax Payables $173.35M $173.35M $173.35M $173.21M $173.21M $173.21M $173.21M $173.07M $173.07M $173.07M $173.07M $174.13M $174.13M $172.73M $172.73M $173.25M $173.25M $173.25M $173.25M $172.63M
Deferred Revenue $- $- $- $- $- $- $- $11.51M $13.00M $13.00M $- $13.00M $- $- $- $12.58M $- $- $- $2.44M
Other Current Liabilities $62.93M $-234.85M $65.56M $-232.09M $-227.03M $83.68M $90.63M $93.09M $99.91M $102.59M $-243.95M $95.92M $99.80M $-276.58M $9.00M $113.15M $118.90M $-269.55M $-294.76M $127.88M
Total Current Liabilities $336.42M $320.66M $316.77M $261.41M $343.48M $347.65M $364.14M $360.58M $380.35M $376.41M $317.92M $385.42M $432.12M $318.09M $325.96M $421.73M $430.21M $304.51M $343.91M $468.23M
Long Term Debt $534.60M $594.95M $533.88M $692.54M $633.18M $633.20M $633.20M $633.19M $633.16M $633.14M $633.10M $633.05M $632.99M $706.01M $710.67M $632.76M $632.66M $632.56M $632.45M $632.33M
Deferred Revenue Non-Current $- $10.13M $-77.85M $10.97M $-284.77M $-276.88M $-290.43M $-63.33M $-301.11M $-67.55M $- $-73.62M $-99.80M $- $- $-113.15M $-118.90M $- $- $-127.88M
Deferred Tax Liabilities Non-Current $14.38M $12.92M $7.97M $7.07M $11.51M $11.51M $11.51M $11.51M $13.00M $13.00M $13.00M $13.00M $12.58M $12.58M $12.58M $12.58M $11.63M $11.63M $11.63M $11.63M
Other Non-Current Liabilities $- $238.17M $- $239.81M $- $- $- $-12.54M $- $- $335.90M $-13.93M $- $284.94M $- $-15.18M $-15.46M $373.56M $405.69M $-16.28M
Total Non-Current Liabilities $548.98M $547.15M $541.86M $700.77M $644.69M $632.92M $632.54M $632.16M $633.26M $632.88M $714.81M $632.11M $631.31M $718.59M $723.25M $630.16M $628.83M $739.20M $746.02M $627.67M
Other Liabilities $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Total Liabilities $885.39M $867.81M $858.63M $962.18M $988.16M $980.58M $996.68M $992.74M $1.01B $1.01B $1.03B $1.02B $1.06B $1.04B $1.05B $1.05B $1.06B $1.04B $1.09B $1.10B
Preferred Stock $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Common Stock $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Retained Earnings $110.58M $105.83M $91.11M $88.78M $59.02M $52.42M $28.85M $33.39M $22.11M $26.55M $31.66M $48.79M $26.30M $30.15M $32.44M $42.22M $41.44M $24.48M $17.84M $42.84M
Accumulated Other Comprehensive Income Loss $-2.31M $-2.32M $-2.33M $-2.33M $-2.91M $-2.94M $-2.96M $-2.99M $-1.92M $-1.93M $-1.93M $-1.95M $-2.80M $-2.79M $-2.81M $-2.83M $-2.64M $-2.66M $-2.67M $-2.68M
Other Total Stockholders Equity $594.20M $593.21M $592.23M $591.61M $590.55M $589.63M $588.70M $587.73M $586.95M $586.27M $585.61M $587.59M $583.89M $577.95M $576.83M $578.28M $575.41M $572.59M $569.77M $571.53M
Total Stockholders Equity $702.48M $696.72M $681.01M $678.05M $646.66M $639.12M $614.59M $618.13M $607.15M $610.89M $615.33M $634.42M $607.40M $605.31M $606.46M $617.67M $614.21M $594.41M $584.94M $611.69M
Total Equity $2.06B $2.05B $2.01B $2.01B $1.95B $1.93B $1.88B $1.89B $1.87B $1.88B $1.89B $1.93B $1.87B $1.88B $1.89B $1.91B $1.90B $1.86B $1.85B $1.91B
Total Liabilities and Stockholders Equity $2.95B $2.92B $2.87B $2.97B $2.93B $2.91B $2.88B $2.89B $2.89B $2.89B $2.92B $2.94B $2.94B $2.92B $2.94B $2.96B $2.96B $2.91B $2.94B $3.00B
Minority Interest $1.36B $1.36B $1.33B $1.33B $1.30B $1.29B $1.27B $1.27B $1.26B $1.27B $1.28B $1.29B $1.27B $1.28B $1.28B $1.29B $1.29B $1.27B $1.26B $1.30B
Total Liabilities and Total Equity $2.95B $2.92B $2.87B $2.97B $2.93B $2.91B $2.88B $2.89B $2.89B $2.89B $2.92B $2.94B $2.94B $2.92B $2.94B $2.96B $2.96B $2.91B $2.94B $3.00B
Total Investments $210.76M $237.78M $246.41M $252.82M $301.44M $302.34M $333.56M $331.59M $367.49M $372.69M $373.02M $374.55M $374.44M $374.30M $439.24M $442.85M $441.74M $469.56M $501.91M $533.24M
Total Debt $534.60M $594.95M $523.32M $692.54M $633.18M $621.42M $621.03M $620.65M $620.27M $619.88M $633.10M $619.12M $618.73M $632.92M $632.73M $617.58M $617.20M $632.56M $632.45M $616.05M
Net Debt $310.07M $376.57M $289.64M $337.75M $414.92M $428.22M $514.46M $488.88M $533.89M $492.06M $429.45M $353.65M $427.60M $396.40M $403.06M $319.44M $346.62M $417.48M $384.70M $269.21M

Annual Cash Flow

Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019
Net Income $113.72M $-34.77M $13.31M $1.09M $22.27M
Depreciation and Amortization $19.93M $16.95M $25.99M $14.14M $20.63M
Deferred Income Tax $-4.44M $-1.49M $420.00K $950.00K $2.44M
Stock Based Compensation $3.67M $6.23M $7.90M $11.56M $13.63M
Change in Working Capital $19.64M $-154.05M $-121.87M $-142.85M $-223.82M
Accounts Receivables $- $- $- $-11.25M $-23.75M
Inventory $27.54M $-140.42M $-104.08M $-99.23M $-191.97M
Accounts Payables $-11.71M $-22.48M $-18.32M $-32.30M $-4.17M
Other Working Capital $3.81M $8.85M $530.00K $-69.00K $-3.92M
Other Non Cash Items $1.60M $-21.16M $-7.17M $36.60M $-67.20M
Net Cash Provided by Operating Activities $154.12M $-188.30M $-81.42M $-78.50M $-232.04M
Investments in Property Plant and Equipment $-23.00K $-75.00K $-154.00K $-2.15M $-1.68M
Acquisitions Net $- $64.06M $74.45M $53.37M $30.54M
Purchases of Investments $- $- $- $- $-
Sales Maturities of Investments $- $- $- $- $-
Other Investing Activities $77.13M $64.06M $1.02M $1.72M $-28.56M
Net Cash Used for Investing Activities $77.11M $63.99M $75.31M $52.94M $311.00K
Debt Repayment $- $- $- $- $59.87M
Common Stock Issued $- $- $- $- $3.00K
Common Stock Repurchased $-202.00K $-2.74M $-2.05M $-5.52M $-
Dividends Paid $- $- $- $- $-
Other Financing Activities $-9.20M $-9.72M $-26.58M $-23.54M $23.33M
Net Cash Used Provided by Financing Activities $-9.20M $-9.72M $-26.58M $-23.54M $83.21M
Effect of Forex Changes on Cash $- $- $- $- $-
Net Change in Cash $222.03M $-134.03M $-32.68M $-49.10M $-148.52M
Cash at End of Period $354.79M $132.76M $266.79M $299.47M $348.57M
Cash at Beginning of Period $132.76M $266.79M $299.47M $348.57M $497.10M
Operating Cash Flow $154.12M $-188.30M $-81.42M $-78.50M $-232.04M
Capital Expenditure $-23.00K $-75.00K $-154.00K $-2.15M $-1.68M
Free Cash Flow $154.12M $-188.38M $-81.57M $-80.65M $-233.72M

Cash Flow Charts

Breakdown September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020 December 31, 2019
Net Income $12.34M $14.70M $6.08M $29.75M $14.16M $50.55M $-9.73M $22.50M $-9.53M $-10.97M $-36.77M $47.49M $-8.21M $-4.93M $-21.05M $3.65M $36.42M $14.24M $-53.22M $15.12M
Depreciation and Amortization $2.99M $10.33M $2.87M $6.86M $1.87M $9.19M $2.02M $7.18M $6.73M $1.44M $1.59M $6.28M $6.34M $4.12M $9.25M $2.92M $3.77M $3.74M $3.71M $3.41M
Deferred Income Tax $1.46M $4.94M $946.00K $-4.44M $- $- $- $-1.49M $- $- $- $- $- $- $- $950.00K $-52.42M $- $- $1.18M
Stock Based Compensation $993.00K $984.00K $832.00K $1.05M $917.00K $930.00K $763.00K $779.00K $687.00K $661.00K $4.10M $3.70M $1.76M $1.12M $1.32M $2.87M $2.85M $2.84M $3.01M $3.47M
Change in Working Capital $-35.83M $-77.59M $-37.23M $25.43M $9.57M $-1.72M $-13.64M $-16.43M $-43.64M $-66.05M $-27.93M $20.14M $-43.88M $-52.56M $-45.58M $23.77M $-14.57M $-78.21M $-73.84M $-6.17M
Accounts Receivables $- $- $- $-125.12M $- $- $- $- $- $- $- $- $- $- $- $-4.03M $-3.92M $-3.12M $-177.00K $-2.81M
Inventory $-46.87M $-41.31M $-35.36M $39.79M $2.62M $6.13M $-21.00M $-9.13M $-41.41M $-42.42M $-47.46M $70.94M $-63.02M $-59.93M $-52.08M $30.76M $-41.81M $-19.51M $-68.67M $8.74M
Accounts Payables $16.88M $5.42M $-3.67M $-17.61M $9.41M $-9.47M $5.95M $-14.62M $6.66M $-20.80M $6.28M $-41.44M $21.24M $-7.02M $8.90M $-3.11M $16.36M $-39.15M $-6.40M $-9.76M
Other Working Capital $-5.85M $-41.70M $39.02M $128.37M $-2.47M $1.62M $15.05M $7.31M $-8.89M $-2.83M $13.25M $-9.36M $-2.10M $14.39M $-2.40M $149.00K $14.80M $-16.43M $1.41M $-2.33M
Other Non Cash Items $101.00K $85.88M $-2.33M $-47.71M $622.00K $608.00K $-1.05M $-25.82M $4.26M $-643.00K $1.03M $3.28M $-485.00K $-13.10M $3.56M $3.05M $56.62M $-1.55M $30.91M $2.14M
Net Cash Provided by Operating Activities $-17.95M $-23.23M $-26.42M $10.94M $27.14M $59.56M $-21.64M $-13.28M $-41.49M $-75.56M $-57.97M $80.88M $-44.47M $-65.34M $-52.50M $37.21M $32.67M $-58.96M $-89.43M $19.15M
Investments in Property Plant and Equipment $-227.00K $-362.00K $-92.00K $-23.00K $- $- $- $-13.00K $-62.00K $-62.00K $- $137.00K $- $-34.00K $-103.00K $-23.00K $-639.00K $-781.00K $-704.00K $-206.00K
Acquisitions Net $26.91M $8.64M $6.34M $47.19M $270.00K $29.61M $68.00K $61.70M $920.00K $965.00K $484.00K $-2.98M $330.00K $77.05M $55.00K $- $- $- $- $-
Purchases of Investments $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Sales Maturities of Investments $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Other Investing Activities $- $8.64M $6.34M $47.19M $270.00K $29.61M $68.00K $61.70M $62.00K $965.00K $484.00K $-154.00K $330.00K $1.02M $55.00K $-4.17M $23.63M $33.90M $1.72M $-206.00K
Net Cash Used for Investing Activities $26.69M $8.28M $6.25M $47.16M $270.00K $29.61M $68.00K $61.68M $920.00K $903.00K $484.00K $-3.00M $330.00K $78.03M $-48.00K $-4.19M $22.99M $33.12M $1.02M $-206.00K
Debt Repayment $- $- $-100.00M $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-294.00K
Common Stock Issued $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-3.00K
Common Stock Repurchased $823.00K $- $-823.00K $202.00K $- $- $-202.00K $- $- $- $-2.74M $- $- $- $-2.05M $- $- $- $-5.52M $-
Dividends Paid $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Other Financing Activities $-1.60M $-337.00K $-940.00K $-687.00K $-2.35M $-2.54M $-3.62M $-3.35M $-869.00K $-1.17M $-4.33M $-3.56M $-1.25M $-5.85M $-15.93M $-5.46M $-580.00K $-6.83M $-10.67M $-2.23M
Net Cash Used Provided by Financing Activities $-1.60M $-337.00K $-100.94M $-687.00K $-2.35M $-2.54M $-3.62M $-3.35M $-869.00K $-1.17M $-4.33M $-3.56M $-1.25M $-5.85M $-15.93M $-5.46M $-580.00K $-6.83M $-10.67M $-2.52M
Effect of Forex Changes on Cash $- $- $-233.68M $78.12M $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Net Change in Cash $7.13M $-15.30M $-121.12M $135.54M $25.06M $86.63M $-25.19M $45.05M $-41.44M $-75.83M $-61.81M $74.33M $-45.38M $6.85M $-68.47M $27.56M $55.08M $-32.67M $-99.08M $16.42M
Cash at End of Period $225.51M $218.38M $233.68M $354.79M $219.26M $194.19M $107.57M $132.76M $87.71M $129.15M $204.98M $266.79M $192.46M $237.85M $231.00M $299.47M $271.91M $216.83M $249.50M $348.57M
Cash at Beginning of Period $218.38M $233.68M $354.79M $219.26M $194.19M $107.57M $132.76M $87.71M $129.15M $204.98M $266.79M $192.46M $237.85M $231.00M $299.47M $271.91M $216.83M $249.50M $348.57M $332.15M
Operating Cash Flow $-17.95M $-23.23M $-26.42M $10.94M $27.14M $59.56M $-21.64M $-13.28M $-41.49M $-75.56M $-57.97M $80.88M $-44.47M $-65.34M $-52.50M $37.21M $32.67M $-58.96M $-89.43M $19.15M
Capital Expenditure $-227.00K $-362.00K $-92.00K $-23.00K $- $- $- $-13.00K $-62.00K $-62.00K $- $137.00K $- $-34.00K $-103.00K $-23.00K $-639.00K $-781.00K $-704.00K $-206.00K
Free Cash Flow $-17.95M $-23.60M $-26.52M $10.91M $27.14M $59.56M $-21.64M $-13.29M $-41.55M $-75.62M $-57.97M $81.02M $-44.47M $-65.37M $-52.60M $37.19M $32.03M $-59.74M $-90.13M $18.95M


Five Point Holdings Stock Forecast

Analyst ratings, price targets, and earnings estimates for FPH.

Recent Price Targets
Recommendation Trends
Analyst Estimates
Revenue Estimates
High $1.91B
Average $1.91B
Low $1.91B
1 analysts
Net Income Estimates
High $82.59M
Average $82.59M
Low $82.59M
1 analysts
EPS Estimates
High $0.57
Average $0.57
Low $0.57
1 analysts
Revenue Estimates
High $2.12B
Average $2.12B
Low $2.12B
1 analysts
Net Income Estimates
High $102.05M
Average $102.05M
Low $102.05M
1 analysts
EPS Estimates
High $0.70
Average $0.70
Low $0.70
1 analysts
Latest Price Target Updates
Date Analyst Firm Price Target Price When Posted Upside

Five Point Holdings Dividends

Explore Five Point Holdings's dividend history, including dividend yield, payout ratio, and historical payments.

Five Point Holdings does not currently pay a dividend.

Peers: Real Estate - Development

This section provides companies within the same sector, on the same exchange, and of similar market capitalization, allowing comparisons of key financial indicators among peers.

Company Market Cap Price EPS P/E Ratio P/B Ratio
LSEA Logo
Landsea Homes Corporation
LSEA
$308.77M $8.51 $0.75 $17.48 $0.78
AXR Logo
AMREP Corporation
AXR
$157.83M $29.85 $1.26 $16.07 $0.91
ARL Logo
American Realty Investors, Inc.
ARL
$207.55M $12.85 $0.25 $70.87 $0.46
FOR Logo
Forestar Group Inc.
FOR
$1.18B $23.25 $4.04 $8.02 $1.02
GGE Logo
Green Giant Inc.
GGE
$5.19M $0.04 $-2.00 $-0.53 $3.72
Current Reports (8-K)
Ownership
Other Filings