FRP Holdings, Inc., a Florida corporation (the “Company”) was incorporated on April 22, 2014 in connection with a corporate reorganization that preceded the Spin-off of Patriot Transportation Holding, Inc. The Company’s predecessor issuer was formed on July 20, 1988. The business of the Company is conducted through our wholly-owned subsidiaries FRP Development Corp., a Maryland corporation, and Florida Rock Properties, Inc., a Florida corporation, and the various subsidiaries and joint ventures of each. Our Business. The Company is a holding company engaged in various real estate businesses.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 42M | 42M | 42M | 37M | 31M | 24M |
| Net Income | 4.6M | 6.4M | 5.3M | 4.6M | 28M | 13M |
| EPS | $0.25 | $0.34 | $0.14 | $0.24 | $1.50 | $0.66 |
| Free Cash Flow | -9.4M | -22M | 22M | -5.3M | 5.7M | 1.1M |
| ROIC | 1.9% | 3.1% | 3.2% | 2.5% | - | - |
| Gross Margin | - | 57.8% | 57.8% | 29.5% | 14.7% | 26.4% |
| Debt/Equity | 0.43 | 0.42 | 0.43 | 0.44 | 0.45 | 0.24 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 8.3M | 12M | 12M | 8.0M | - | - |
| Operating Margin | 19.5% | 28.0% | 28.2% | 21.3% | - | - |
| ROE | 1.1% | 1.5% | 1.3% | 1.1% | 7.1% | 3.5% |
| Shares Outstanding | 19M | 19M | 38M | 19M | 19M | 19M |
FRP HOLDINGS, INC. passes 2 of 9 quality checks, indicating weak fundamentals.
FRP HOLDINGS, INC. trades at 89.6x trailing earnings, compared to its 15-year median P/E of 31.4x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 2.9% with a gross margin of 37.2%. At current prices, the estimated annualized return to fair value is +13.2%.
FRP HOLDINGS, INC. (FRPH) has a current P/E ratio of 89.6, compared to its historical median P/E of 31.4. The stock is currently considered Expensive based on its historical valuation range.
FRP HOLDINGS, INC. (FRPH) has a 5-year average return on invested capital (ROIC) of 2.9%. This is below average and may indicate limited pricing power.
FRP HOLDINGS, INC. (FRPH) has a market capitalization of $428M. It is classified as a small-cap stock.
FRP HOLDINGS, INC. (FRPH) does not currently pay a regular dividend.
Based on historical P/E analysis, FRP HOLDINGS, INC. (FRPH) appears expensive. The current P/E of 89.6 is 185% above its historical median of 31.4. The estimated fair value CAGR (P/E method) is -30.5%.
FRP HOLDINGS, INC. (FRPH) operates in the Real Estate industry, within the Real Estate sector.
FRP HOLDINGS, INC. (FRPH) reported annual revenue of $42 million in its most recent fiscal year, based on SEC EDGAR filings.
FRP HOLDINGS, INC. (FRPH) has a net profit margin of 15.3%. This is a healthy margin.
FRP HOLDINGS, INC. (FRPH) generated $-22 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
FRP HOLDINGS, INC. (FRPH) has a debt-to-equity ratio of 0.42. This indicates a conservatively financed balance sheet.
FRP HOLDINGS, INC. (FRPH) reported earnings per share (EPS) of $0.34 in its most recent fiscal year.
FRP HOLDINGS, INC. (FRPH) has a return on equity (ROE) of 1.5%. This indicates moderate shareholder returns.
FRP HOLDINGS, INC. (FRPH) has a 5-year average gross margin of 37.2%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for FRP HOLDINGS, INC. (FRPH), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FRP HOLDINGS, INC. (FRPH) has a book value per share of $22.53, based on its most recent annual SEC filing.
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