AMREP Corporation (AXR) vs Five Point Holdings, LLC (FPH)

AMREP Corporation and Five Point Holdings, LLC are both Real Estate Development companies. Five Point Holdings, LLC is the larger, with a market value of $507.8M against $120.5M — 4.2× the size. Five Point Holdings, LLC trades at the lower P/E: 6.3× against 20.3×. AMREP Corporation grew revenue faster over the last twelve months: −15.3% against −40.8%. Five Point Holdings, LLC has the higher net margin (45.3% vs 14.3%) and the lower return on invested capital (−0.20% vs 4.13%). Across the 20 metrics below, AMREP Corporation leads on 11 and Five Point Holdings, LLC on 9.

Valuation

Metric AXR FPH Real Estate Development median
P/E 20.34 6.33 7.17
P/S 2.91 6.02 1.63
P/B 0.85 0.30 0.70
Price to free cash flow n/m 10.81 7.76
EV/EBITDA 11.00 122.45 11.00
EV/Sales 1.71 3.04 2.43
Earnings yield 4.92% 15.79% 7.33%
Free cash flow yield (0.31%) 9.25% (1.59%)

Profitability

Metric AXR FPH Real Estate Development median
Gross margin 38.17% 70.83% 29.60%
Operating margin 14.82% (5.34%) (2.67%)
Net margin 14.31% 45.34% 3.36%
Free cash flow margin (0.89%) 55.72% (0.89%)
Return on equity 4.26% 2.32% 0.56%
Return on assets 4.10% 1.66% 1.11%
Return on invested capital 4.13% (0.20%) 0.00%

Growth

Metric AXR FPH Real Estate Development median
Revenue growth (TTM) (15.29%) (40.80%) 11.77%
EPS growth (last fiscal year) (19.41%) 0.00% —
Revenue growth, 5-year CAGR 5.69% (6.46%) 5.69%
Net income growth, 5-year CAGR 6.84% 0.00% 0.00%

Health

Metric AXR FPH Real Estate Development median
Debt to equity 0.00 0.00 0.37
Current ratio 11.04 0.63 0.63
Net debt to EBITDA (4.15) (312.02) 1.81

Dividend

Metric AXR FPH Real Estate Development median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric AXR FPH Real Estate Development median
Market cap 120.50m 507.80m 178.40m

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