Five Point Holdings, LLC

NYSE•FPH

CEO: Mr. Stuart A. Miller

セクター: Real Estate

業種: Real Estate - Development

上場日: 2017-05-10

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, research and development, 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.

連絡先情報

2000 FivePoint, 4th Floor, Irvine, CA, 92618, United States

949-349-1000

www.fivepoint.com

時価総額

$363.68M

PER (TTM)

8.1

10.3

配当利回り

52週高値

$6.64

52週安値

$4.60

52週レンジ

27%

順位50Top 68.9%

3.1

F-Score

改良版 Piotroski 分析

10年ファンダメンタル

弱い • 3.1 / 9 ポイント

スコアレンジ (0-9)

8-9: 価値が優れている

6-7: 基礎体質が強い

4-5: 全体的に堅調

0-3: パフォーマンスが弱い

データ期間: 2016-2025

財務ダッシュボード

Q1 2026 データ

売上高

$13.58M+0.00%

直近4四半期の推移

EPS

-$0.03+0.00%

直近4四半期の推移

フリーCF

-$44.50M+0.00%

直近4四半期の推移

2025 Annual 決算ハイライト

主なハイライト

Net Income Increased Net income attributable to company reached $71.0M, up 3.9% from $68.3M in 2024, driven by strong equity earnings.

Equity Earnings Grew Substantially Equity in earnings from unconsolidated entities rose $71.0M to $203.6M, primarily from Great Park Venture land sales revenue.

Hearthstone Platform Acquired Completed acquisition of Hearthstone Venture in July 2025, adding asset management platform contributing $3.9M net income partially.

Balance Sheet Strengthened Ended 2025 with $425.5M cash; reduced total debt by $75.0M through senior notes refinancing during the year.

リスク要因

California Market Concentration Operations heavily concentrated in California markets, susceptible to adverse local economic, political, regulatory, and climate changes.

San Francisco Land Transfer Delays Remaining San Francisco Shipyard parcels delayed by U.S. Navy retesting process, potentially impeding future development timelines.

Title Defects Risk Title insurance not held on Valencia properties; title defects could materially impair asset value or financing capabilities.

Inflation and Cost Volatility Inflation increases material and labor costs; higher interest rates may soften homebuyer demand and increase debt financing expense.

見通し

Candlestick Infrastructure Finalizing Finalizing engineering for next Candlestick infrastructure phase, expecting construction commencement in the first half of 2026.

Fee-Based Growth Expansion Integrating Hearthstone Venture to expand fee-based earnings growth and strengthen relationships with institutional capital partners.

Valencia Land Sales Delayed Elected to delay residential land sales at Valencia in 2025 to optimize land values and align with current market conditions.

Pursuing Asset-Lighter Model Seeking capital partners for joint ventures to de-risk monetization and move toward a more asset-lighter balance sheet model.

同業比較

売上高 (TTM)

RMR

$640.19M

-20.4%

CMTG

$297.98M

+48.6%

FPH

$110.44M

-54.2%

粗利益率 (最新四半期)

RMR

44.3%

+172.7pp

FPH

24.9%

+5.7pp

FRPH

16.6%

-57.8pp

主要指標

銘柄コード	時価総額	PER (TTM)	ROE (TTM)	負債比率
RMR	$681.06M	17.2	9.0%	23.0%
FRPH	$456.06M	486.9	0.2%	27.2%
FPH	$363.68M	8.1	5.6%	14.8%

長期トレンド

直近4四半期

売上高

純利益

営業キャッシュフロー

4四半期売上高CAGR

22.0%

高成長

4四半期純利益CAGR

N/M

収益構造の変化

キャッシュフロー安定性

50%

キャッシュフローに注意が必要

深度リサーチ

財務データ

決算説明会

財務レポート

ニュース

損益計算書

バランスシート

キャッシュフロー計算書

財務比率

変化率

損益計算書	直近12ヶ月

データなし