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HOWARD HUGHES HOLDINGS INC (HHH) Stock Fundamental Analysis

NYSE:HHH - New York Stock Exchange, Inc. - US44267T1025 - Common Stock

75.49  -0.84 (-1.1%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to HHH. HHH was compared to 65 industry peers in the Real Estate Management & Development industry. HHH has an excellent profitability rating, but there are concerns on its financial health. HHH is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

In the past year HHH was profitable.
HHH had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: HHH reported negative net income in multiple years.
The reported operating cash flow has been mixed in the past 5 years: HHH reported negative operating cash flow in multiple years.
HHH Yearly Net Income VS EBIT VS OCF VS FCFHHH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -500M -1B

1.2 Ratios

HHH's Return On Assets of 0.80% is fine compared to the rest of the industry. HHH outperforms 65.57% of its industry peers.
Looking at the Return On Equity, with a value of 2.89%, HHH is in the better half of the industry, outperforming 72.13% of the companies in the same industry.
HHH has a Return On Invested Capital of 3.03%. This is in the better half of the industry: HHH outperforms 75.41% of its industry peers.
The Average Return On Invested Capital over the past 3 years for HHH is below the industry average of 4.84%.
The 3 year average ROIC (1.95%) for HHH is below the current ROIC(3.03%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.8%
ROE 2.89%
ROIC 3.03%
ROA(3y)-1.08%
ROA(5y)-0.53%
ROE(3y)-3.9%
ROE(5y)-2.01%
ROIC(3y)1.95%
ROIC(5y)N/A
HHH Yearly ROA, ROE, ROICHHH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 -10 -15

1.3 Margins

With an excellent Profit Margin value of 6.57%, HHH belongs to the best of the industry, outperforming 80.33% of the companies in the same industry.
HHH has a better Operating Margin (27.66%) than 93.44% of its industry peers.
HHH's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 53.38%, HHH belongs to the best of the industry, outperforming 80.33% of the companies in the same industry.
In the last couple of years the Gross Margin of HHH has grown nicely.
Industry RankSector Rank
OM 27.66%
PM (TTM) 6.57%
GM 53.38%
OM growth 3YN/A
OM growth 5Y3.17%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.49%
GM growth 5Y4.69%
HHH Yearly Profit, Operating, Gross MarginsHHH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40

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0

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HHH is destroying value.
HHH has more shares outstanding than it did 1 year ago.
The number of shares outstanding for HHH has been increased compared to 5 years ago.
The debt/assets ratio for HHH is higher compared to a year ago.
HHH Yearly Shares OutstandingHHH Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M
HHH Yearly Total Debt VS Total AssetsHHH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

2.2 Solvency

Based on the Altman-Z score of 0.46, we must say that HHH is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of HHH (0.46) is worse than 65.57% of its industry peers.
HHH has a Debt/Equity ratio of 1.91. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.91, HHH is doing worse than 77.05% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.91
Debt/FCF N/A
Altman-Z 0.46
ROIC/WACC0.44
WACC6.92%
HHH Yearly LT Debt VS Equity VS FCFHHH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B 4B

2.3 Liquidity

A Current Ratio of 0.71 indicates that HHH may have some problems paying its short term obligations.
HHH has a worse Current ratio (0.71) than 81.97% of its industry peers.
A Quick Ratio of 0.71 indicates that HHH may have some problems paying its short term obligations.
HHH has a worse Quick ratio (0.71) than 77.05% of its industry peers.
Industry RankSector Rank
Current Ratio 0.71
Quick Ratio 0.71
HHH Yearly Current Assets VS Current LiabilitesHHH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 243.18% over the past year.
HHH shows a decrease in Revenue. In the last year, the revenue decreased by -1.60%.
The Revenue has been decreasing by -0.77% on average over the past years.
EPS 1Y (TTM)243.18%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%563.64%
Revenue 1Y (TTM)-1.6%
Revenue growth 3Y13.55%
Revenue growth 5Y-0.77%
Sales Q2Q%21.77%

3.2 Future

The Earnings Per Share is expected to grow by 295.50% on average over the next years. This is a very strong growth
HHH is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 29.07% yearly.
EPS Next Y5011.73%
EPS Next 2Y314.37%
EPS Next 3Y295.5%
EPS Next 5YN/A
Revenue Next Year69.64%
Revenue Next 2Y15.44%
Revenue Next 3Y29.07%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
HHH Yearly Revenue VS EstimatesHHH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 500M 1B 1.5B 2B
HHH Yearly EPS VS EstimatesHHH Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 -5 -10

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4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 49.99, the valuation of HHH can be described as expensive.
HHH's Price/Earnings ratio is a bit cheaper when compared to the industry. HHH is cheaper than 67.21% of the companies in the same industry.
HHH's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.29.
The Price/Forward Earnings ratio is 73.28, which means the current valuation is very expensive for HHH.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HHH indicates a somewhat cheap valuation: HHH is cheaper than 65.57% of the companies listed in the same industry.
HHH is valuated expensively when we compare the Price/Forward Earnings ratio to 24.44, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 49.99
Fwd PE 73.28
HHH Price Earnings VS Forward Price EarningsHHH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, HHH is valued a bit cheaper than the industry average as 77.05% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 17.17
HHH Per share dataHHH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
HHH has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as HHH's earnings are expected to grow with 295.50% in the coming years.
PEG (NY)0.01
PEG (5Y)N/A
EPS Next 2Y314.37%
EPS Next 3Y295.5%

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0

5. Dividend

5.1 Amount

No dividends for HHH!.
Industry RankSector Rank
Dividend Yield N/A

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HOWARD HUGHES HOLDINGS INC

NYSE:HHH (1/22/2025, 2:04:14 PM)

75.49

-0.84 (-1.1%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)11-04 2024-11-04/amc
Earnings (Next)N/A N/A
Inst Owners95.65%
Inst Owner Change-0.04%
Ins Owners0.71%
Ins Owner Change-1.33%
Market Cap3.79B
Analysts80
Price Target92.14 (22.06%)
Short Float %3.47%
Short Ratio6.53
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)357.91%
Min EPS beat(2)80.8%
Max EPS beat(2)635.01%
EPS beat(4)3
Avg EPS beat(4)219.1%
Min EPS beat(4)-49.93%
Max EPS beat(4)635.01%
EPS beat(8)6
Avg EPS beat(8)191.07%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)16.42%
Min Revenue beat(2)8.74%
Max Revenue beat(2)24.1%
Revenue beat(4)3
Avg Revenue beat(4)4.38%
Min Revenue beat(4)-24.69%
Max Revenue beat(4)24.1%
Revenue beat(8)6
Avg Revenue beat(8)4.81%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0.37%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.75%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.12%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 49.99
Fwd PE 73.28
P/S 3.29
P/FCF N/A
P/OCF 23.55
P/B 1.45
P/tB 1.47
EV/EBITDA 17.17
EPS(TTM)1.51
EY2%
EPS(NY)1.03
Fwd EY1.36%
FCF(TTM)-3.05
FCFYN/A
OCF(TTM)3.21
OCFY4.25%
SpS22.97
BVpS52.14
TBVpS51.44
PEG (NY)0.01
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.8%
ROE 2.89%
ROCE 4.02%
ROIC 3.03%
ROICexc 3.19%
ROICexgc 3.24%
OM 27.66%
PM (TTM) 6.57%
GM 53.38%
FCFM N/A
ROA(3y)-1.08%
ROA(5y)-0.53%
ROE(3y)-3.9%
ROE(5y)-2.01%
ROIC(3y)1.95%
ROIC(5y)N/A
ROICexc(3y)2.12%
ROICexc(5y)N/A
ROICexgc(3y)2.16%
ROICexgc(5y)N/A
ROCE(3y)2.59%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-2.18%
ROICexc growth 3YN/A
ROICexc growth 5Y-2.14%
OM growth 3YN/A
OM growth 5Y3.17%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.49%
GM growth 5Y4.69%
F-Score6
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 1.91
Debt/FCF N/A
Debt/EBITDA 9.82
Cap/Depr 165.21%
Cap/Sales 27.22%
Interest Coverage 1.05
Cash Conversion 31.62%
Profit Quality N/A
Current Ratio 0.71
Quick Ratio 0.71
Altman-Z 0.46
F-Score6
WACC6.92%
ROIC/WACC0.44
Cap/Depr(3y)172.24%
Cap/Depr(5y)314.57%
Cap/Sales(3y)27.01%
Cap/Sales(5y)49.73%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)243.18%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%563.64%
EPS Next Y5011.73%
EPS Next 2Y314.37%
EPS Next 3Y295.5%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.6%
Revenue growth 3Y13.55%
Revenue growth 5Y-0.77%
Sales Q2Q%21.77%
Revenue Next Year69.64%
Revenue Next 2Y15.44%
Revenue Next 3Y29.07%
Revenue Next 5YN/A
EBIT growth 1Y111.67%
EBIT growth 3YN/A
EBIT growth 5Y2.38%
EBIT Next Year438.62%
EBIT Next 3Y81.67%
EBIT Next 5YN/A
FCF growth 1Y65.75%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y671.94%
OCF growth 3YN/A
OCF growth 5YN/A