American Realty Investors, Inc. (ARL) vs FRP Holdings, Inc. (FRPH)

American Realty Investors, Inc. and FRP Holdings, Inc. are both Real Estate Services companies. FRP Holdings, Inc. is the larger, with a market value of $404.7M against $254.2M — 1.6× the size. FRP Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; American Realty Investors, Inc. trades at 31.2×. American Realty Investors, Inc. grew revenue faster over the last twelve months: 6.77% against 2.47%. American Realty Investors, Inc. has the higher net margin (16.4% vs 0.22%) and the lower return on invested capital (−0.62% vs 0.55%). Across the 20 metrics below, American Realty Investors, Inc. leads on 13 and FRP Holdings, Inc. on 7.

Valuation

Metric ARL FRPH Real Estate Services median
P/E 31.17 n/m 16.25
P/S 5.13 9.27 1.12
P/B 0.32 0.88 1.32
Price to free cash flow n/m 14.21 13.29
EV/EBITDA 82.07 30.76 10.22
EV/Sales 7.53 11.99 1.16
Earnings yield 3.21% 0.00% 0.99%
Free cash flow yield (0.93%) 7.04% (0.97%)

Profitability

Metric ARL FRPH Real Estate Services median
Gross margin 39.51% 11.57% 26.81%
Operating margin (18.30%) 11.57% 0.00%
Net margin 16.36% 0.22% 0.11%
Free cash flow margin (4.74%) 65.22% 0.00%
Return on equity 1.03% 0.02% 0.94%
Return on assets 0.77% 0.01% 0.00%
Return on invested capital (0.62%) 0.55% 0.00%

Growth

Metric ARL FRPH Real Estate Services median
Revenue growth (TTM) 6.77% 2.47% 4.33%
EPS growth (last fiscal year) 206.59% (47.06%) —
Revenue growth, 5-year CAGR (3.26%) 12.68% 4.05%
Net income growth, 5-year CAGR 11.70% (23.51%) 0.00%

Health

Metric ARL FRPH Real Estate Services median
Debt to equity 0.27 0.47 0.08
Current ratio 6.98 1.19 1.95
Net debt to EBITDA 17.73 (5.73) 0.54

Dividend

Metric ARL FRPH Real Estate Services median
Dividend yield — — 1.33%
Payout ratio 0.00 0.00 0.00

Size

Metric ARL FRPH Real Estate Services median
Market cap 254.23m 404.70m 218.52m

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