Frp Holdings, Inc.

Finance
Real Estate
www.frpdev.com

Earnings Score
Moat Score
Safety Score

Market Cap $529.26M
PE 83
Debt $180.07M
Cash $148.62M
EV $560.71M
FCF -$22.21M

Earnings

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Sales & Net Margins

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Earnings	$6.39M
EBIT	$11.70M
ROE	1%
ROA	2%
FCF	-$22.21M
Equity	$469.11M
Growth Stability	19%
PE	82.89
PEG	-3.33
PB	1.13
P/FCF	-23.83
P/S	12.67
Price/Cash	0.28
Debt/Equity	0.38
Debt/FCF	-8.11
Net Margins	15%
Op. Margins	28%
Earnings CAGR	-21%
Sales Growth YoY	4%
Sales Growth QoQ	-1%
Sales CAGR	27%
FCF CAGR	3%
Equity CAGR	11%
Earnings Stability	0.16
Earnings Growth YoY	-42%

Earnings Growth QoQ	23%
Earnings CAGR 5Y	-25%
Sales CAGR 5Y	16%
FCF CAGR 5Y	-4%
Equity CAGR 5Y	4%
Earnings CAGR 3Y	8%
Sales CAGR 3Y	8%
FCF CAGR 3Y	40%
Equity CAGR 3Y	3%
Market Cap	$529.26M
Revenue	$41.77M
Assets	$728.49M
Total Debt	$180.07M
Cash	$148.62M
Shares Outstanding	18.88M
EV	560.71M
Earnings Score	4%
Moat Score	43%
Safety Score	39%
Final Score	29%
Shares Growth 3y	0%
Equity Growth QoQ	0%
Equity Growth YoY	5%

Assets & ROA

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Stockholders Equity & ROE

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FRP Holdings Inc is a holding company engaged in various real estate businesses. The company's business segments are Leasing and management of commercial properties owned by the company (the Asset Management Segment); Leasing and management of mining royalty land owned by the company (the Mining Royalty Lands Segment); real property acquisition, entitlement, development and construction for apartment, retail, warehouse, and office buildings either alone or through joint ventures (the Development Segment); ownership, leasing and management of buildings through joint ventures (the Stabilized Joint Venture Segment).

SEC Filings

Direct access to Frp Holdings, Inc. (FRPH) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Frp Holdings, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Frp Holdings, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -21%

Stability 16%

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Frp Holdings, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Frp Holdings, Inc..

Years

Calculation mode

= -$270M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$22M	-$23M	-$23M	-$24M	-$25M	-$26M	-$26M	-$27M	-$28M	-$29M	-$29M	-$294M
DCF		-$21M	-$19M	-$18M	-$17M	-$16M	-$15M	-$14M	-$13M	-$12M	-$11M	-$113M
Value	-$270M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	09/2015	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	24%	97%	559%	66%	50%	90%	11%	12%	15%	15%
ROA	-	15%	25%	3%	1%	0%	1%	2%	2%	2%
ROE	-	16%	32%	4%	3%	7%	1%	1%	1%	1%

Good Net Margins (15.28%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	09/2015	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	27.6	-98.65	2.32	84.16	31.52	-34.12	8.28	-8.11	-8.11
Debt over Equity	0.29	0.46	0.23	0.23	0.24	0.42	0.41	0.4	0.38	0.38
Growth Stability	-	-	-	27%	19%	56%	22%	33%	52%	19%

Good Debt/FCF ratio (-8.11)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.38)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (19%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	09/2015	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	25%	-49%	8%	-1%	32%	20%	11%	1%	16%
Earnings YoY growth	-	405%	195%	-87%	-25%	141%	-86%	21%	31%	-25%
Equity YoY growth	-	45%	45%	2%	-2%	11%	4%	1%	5%	4%
FCF YoY growth	-	-59%	-120%	-4K%	-97%	434%	-192%	-512%	-202%	-4%