Professional
Added to YB: 2025-01-27
Pitch date: 2024-12-31
FPH [bullish]
Five Point Holdings, LLC
+29.58%
current return
Author Info
No bio for this author
Company Info
Five Point Holdings, LLC designs, develops, and owns mixed-use planned communities in California, the United States.
Market Cap
$349.8M
Pitch Price
$3.82
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.15
P/E
7.55
EV/Sales
18.33
Sector
Real Estate Management and Development
Category
value
Third Avenue Small Cap Value Fund Portfolio Holding: Five Point Holdings
FPH: CA real estate co. with 40k+ homes, 23M sqft commercial planned. New leadership cut costs 50%, accelerated monetization, reduced debt. BV +20% in 2yrs, $300M cash by YE. SF project restart 2025, potential partners for SF/Valencia. Trades at <30% BV, NAV est. 4x current price. Risks: past underperformance, delays in SF project.
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