A Business at a Glance
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Trinity Place Holdings Inc.
TPHS
$1M
Mkt Cap
$0.02
+0.00%
Trinity Place Holdings Inc. (TPHS) has a current P/E ratio of 0.3, compared to its historical median P/E of 5.4. The stock is currently considered Cheap based on its historical valuation range.
Trinity Place Holdings Inc. (TPHS) has a 5-year average return on invested capital (ROIC) of -22.9%. This is below average and may indicate limited pricing power.
Trinity Place Holdings Inc. (TPHS) has a market capitalization of $1M. It is classified as a small-cap stock.
Trinity Place Holdings Inc. (TPHS) does not currently pay a regular dividend.
Based on historical P/E analysis, Trinity Place Holdings Inc. (TPHS) appears cheap. The current P/E of 0.3 is 95% below its historical median of 5.4. The estimated fair value CAGR (P/E method) is 13.2%.
Trinity Place Holdings Inc. (TPHS) operates in the Opeators Of Nonresidential Buildings industry, within the Real Estate sector.
Trinity Place Holdings Inc. (TPHS) reported annual revenue of $4 million in its most recent fiscal year, based on SEC EDGAR filings.
Item 1. BUSINESS Trinity Place Holdings Inc., which we refer to in this Annual Report on Form 10-K as “Trinity, ” “we,” “our,” or “us”, is a real estate holding, investment, development and asset management company. As part of a series of transactions described below, on February 14, 2024, TPHGreenwich Holdings LLC (“TPHGreenwich”), a previously 100% owned subsidiary of ours, became owned 95% by us, with an affiliate of the lender under our corporate credit facility (the “Corporate Credit Facility” or “CCF”) owning a 5% interest in, and acting as manager of, such entity.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 3.5M | 3.5M | 34M | 43M | 27M | - |
| Net Income | 5.6M | 5.6M | -39M | -21M | -21M | 4.3M |
| EPS | $0.09 | $0.09 | $-1.02 | $-0.56 | $-0.62 | $0.13 |
| Free Cash Flow | -7.9M | -7.9M | -5.5M | 1.4M | -21M | -56M |
| ROIC | -217.6% | -217.6% | -2.9% | -62.3% | -37.2% | 10.7% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 0.69 | -27.62 | 0.21 | 0.12 | 0.09 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -5.0M | -5.0M | -9.7M | -8.6M | -11M | 7.0M |
| Operating Margin | -140.5% | -140.5% | -28.9% | -20.0% | -38.9% | - |
| ROE | 254.6% | 254.6% | - | -75.7% | -41.6% | 7.0% |
| Shares Outstanding | 62M | 62M | 38M | 37M | 34M | 33M |
| Metric | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 445M | N/A | N/A | 1.9M | N/A | 4.1M | N/A | 27M | 43M | 34M | 3.5M | 3.5M |
| Gross Margin | 39.0% | N/A | N/A | 54.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -50M | -6.7M | -7.2M | -9.1M | -630K | -1.3M | 7.0M | -11M | -8.6M | -9.7M | -5.0M | -5.0M |
| Op. Margin | -11.3% | N/A | N/A | -488.0% | N/A | -32.0% | N/A | -38.9% | -20.0% | -28.9% | -140.5% | -140.5% |
| Net Income | -33M | -6.6M | -7.4M | -2.0M | -7.9M | -2.2M | 4.3M | -21M | -21M | -39M | 5.6M | 5.6M |
| Net Margin | -7.4% | N/A | N/A | -108.5% | N/A | -53.6% | N/A | -76.3% | -48.1% | -116.1% | 158.2% | 158.2% |
| Non-Recurring | 13M | 0 | 0 | 7.3M | 0 | 9.5M | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||||||
| ROIC | -17.2% | -26.3% | -26.5% | -3.0% | -1.3% | -3.6% | 10.7% | -37.2% | -62.3% | -2.9% | N/M | N/M |
| ROE | -20.4% | -26.3% | -26.5% | -3.0% | -13.3% | -3.7% | 7.0% | -41.6% | -75.7% | N/A | 254.6% | 254.6% |
| ROA | -12.1% | -7.6% | -8.7% | -1.7% | -3.1% | -0.6% | 1.3% | -6.1% | -6.7% | -14.6% | 4.1% | 150.3% |
| Cash Flow | ||||||||||||
| Op. Cash Flow | -16M | -7.0M | -15M | -7.5M | -2.7M | -3.6M | -56M | -21M | 1.4M | -5.5M | -7.9M | -7.9M |
| Free Cash Flow | -31M | -7.0M | -15M | -7.5M | -2.7M | -3.6M | -56M | -21M | 1.4M | -5.5M | -7.9M | -7.9M |
| Owner Earnings | -30M | -8.8M | -18M | -9.3M | -6.4M | -7.5M | -61M | -27M | -5.7M | -13M | -9.8M | -9.8M |
| CapEx | 16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 15M | 309K | 457K | 544K | 2.5M | 3.0M | 4.2M | 5.5M | 6.5M | 6.8M | 1.1M | 1.1M |
| Growth CapEx | 959K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 15M | 309K | 457K | 544K | 2.5M | 3.0M | 4.2M | 5.5M | 6.5M | 6.8M | 1.1M | 1.1M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 1.2M | 1.9M | 2.0M | 2.6M | 1.1M | 772K | 695K | 370K | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | 1.5% | 0.8% | 1.3% | 0.8% | 0.8% | 1.6% | 0.6% | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | N/A | 1.4M | 2.8M | 1.2M | 1.3M | 905K | 806K | 530K | 553K | 459K | 740K | 740K |
| Debt Repayment | 0 | 0 | 0 | 40M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||||||
| Net Debt | 28M | N/A | N/A | N/A | -11M | -8.5M | -652K | 1.6M | 4.3M | N/A | N/A | 0 |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | 30M | N/A | N/A | N/A | 0 | 670K | 5.9M | 5.9M | 5.9M | N/A | N/A | N/A |
| Debt/Equity | 0.19 | 2.47 | 2.05 | 0.80 | 0.00 | 0.01 | 0.09 | 0.12 | 0.21 | -27.62 | 0.69 | 0.00 |
| Interest Coverage | -36.9 | -107.0 | -73.2 | N/A | -0.1 | -19.4 | 4.6 | -1.3 | -0.5 | -0.3 | -1.3 | -1.3 |
| Equity | 161M | 25M | 28M | 67M | 59M | 60M | 62M | 50M | 27M | -10M | 2.2M | 2.2M |
| Total Assets | 271M | 87M | 86M | 121M | 257M | 345M | 323M | 341M | 307M | 268M | 3.7M | 3.7M |
| Total Liabilities | 110M | 62M | 58M | 54M | 197M | 286M | 261M | 291M | 280M | 278M | 1.5M | 1.5M |
| Intangibles | N/A | N/A | N/A | 0 | 21M | 20M | 18M | 17M | 15M | 14M | N/A | N/A |
| Retained Earnings | 187M | 1.7M | -5.6M | -7.6M | -15M | -16M | -15M | -36M | -57M | -96M | -90M | -90M |
| Working Capital | 32M | -1.4M | -786K | -9.3M | -17M | -13M | -13M | N/A | N/A | N/A | N/A | N/A |
| Current Assets | 100M | 1.9M | 2.1M | 4.1M | 3.5M | 9.1M | 2.7M | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | 68M | 3.3M | 2.9M | 13M | 21M | 22M | 16M | 18M | 19M | 28M | 454K | 454K |
| Per Share Data | ||||||||||||
| EPS | -2.27 | -0.32 | -0.29 | -0.07 | -0.25 | -0.07 | 0.13 | -0.62 | -0.56 | -1.02 | 0.09 | 0.09 |
| Owner EPS | -2.08 | -0.43 | -0.71 | -0.32 | -0.20 | -0.24 | -1.83 | -0.81 | -0.15 | -0.33 | -0.16 | -0.16 |
| Book Value | 11.12 | 1.22 | 1.09 | 2.33 | 1.88 | 1.92 | 1.86 | 1.49 | 0.74 | -0.26 | 0.04 | 0.04 |
| Cash Flow/Share | -1.07 | -0.34 | -0.58 | -0.26 | -0.08 | -0.12 | -1.68 | -0.63 | 0.04 | -0.14 | -0.13 | 0.11 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 14.5M | 20.5M | 25.6M | 28.9M | 31.6M | 31.1M | 33.3M | 33.6M | 36.9M | 38.3M | 62.3M | 62.3M |
| Valuation | ||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | 10.0 | N/A | N/A | N/A | 0.7 | 0.3 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 18.6 | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | 6.1 | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 5.1 | 8.4 | 2.9 | 2.2 | 1.5 | 0.7 | 1.3 | 0.9 | N/A | 1.9 | 0.7 |
| Price/Sales | N/A | N/A | N/A | 113.5 | N/A | 30.1 | N/A | 2.5 | 1.1 | 0.6 | 1.9 | 0.4 |
| FCF Yield | N/A | -5.5% | -6.3% | -3.8% | -2.0% | -3.9% | -129.0% | -33.5% | 5.4% | -123.4% | -191.3% | -554.7% |
| Market Cap | N/A | 127M | 235M | 198M | 133M | 92M | 43M | 63M | 25M | 4.4M | 4.2M | 1.4M |
| Avg. Price | N/A | 7.03 | 7.90 | 7.32 | 6.25 | 3.93 | 1.82 | 2.02 | 1.24 | 0.50 | 0.11 | 0.02 |
| Year-End Price | N/A | 6.20 | 9.15 | 6.87 | 4.23 | 2.94 | 1.30 | 1.89 | 0.68 | 0.12 | 0.07 | 0.02 |
Trinity Place Holdings Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
Trinity Place Holdings Inc. trades at 0.3x trailing earnings, compared to its 15-year median P/E of 5.4x, suggesting it is currently Cheap relative to its historical range. At current prices, the estimated annualized return to fair value is +13.2%.
Trinity Place Holdings Inc. (TPHS) has a net profit margin of 158.2%. This is a strong margin indicating high profitability.
Trinity Place Holdings Inc. (TPHS) generated $-8 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Trinity Place Holdings Inc. (TPHS) has a debt-to-equity ratio of 0.69. This indicates moderate leverage.
Trinity Place Holdings Inc. (TPHS) reported earnings per share (EPS) of $0.09 in its most recent fiscal year.
Trinity Place Holdings Inc. (TPHS) has a return on equity (ROE) of 254.6%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 11 years of financial data for Trinity Place Holdings Inc. (TPHS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Trinity Place Holdings Inc. (TPHS) has a book value per share of $0.04, based on its most recent annual SEC filing.
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