$4.08

-0.08 (-1.92%)

Weekly Expected Move ±6.4%

$4 $4 $4 $4 $5

NYSE · Real Estate · Real Estate - Development · Tech Score Strong Sell · Power 29 · $292.9M mcap · 50M float · 0.363% daily turnover · Short 47% of daily vol

Credit Risk of going bust: higher than 51% of companies Debt: 60.7% of company value Bonds: $64.3M held by 127 funds, 288 bp over Treasuries → details ▾

Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.28 (down 93%), Five Point Holdings, LLC would be worth roughly what it owes.
Total debt $452.3M against a stock market value of $292.9M.
Distance to default 5.05 (Merton model): prices to 2026-10-27, balance sheet 2026-09-30, debt counted $222.2M (short-term plus half of long-term), stock volatility 29.1%; Altman Z'' 7.23. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NO EDGE

31.3 / 100

NoneWeakNarrowWide

Primary source: Efficient Scale · ROIC: -0.3% · 5Y Avg: 3.7%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale ★

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. FPH has No discernible competitive edge (31.3/100). The business operates without significant structural advantages. The primary source of advantage is Efficient Scale. Negative ROIC of -0.3% indicates the company is currently destroying value, though this may reflect a growth investment phase.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Analyst Recommendations

Strong Buy: 0Buy: 2Hold: 3Sell: 0Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$—

Analysts0

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B+

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. FPH receives an overall rating of B+. Strongest factors: D/E (4/5), P/B (5/5). Areas of concern: ROE (2/5), ROA (2/5).

Rating Change History

Date	From	To
2026-10-26	B	B+
2026-10-23	A-	B
2026-10-01	B+	A-
2026-09-08	A-	B+
2026-08-10	B+	A-
2026-08-04	A-	B+
2026-08-03	B+	A-
2026-07-25	A-	B+
2026-07-01	B+	A-
2026-05-11	A-	B+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 8 Grade D

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. FPH scores highest in Value (76/100) and lowest in Growth (0/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

1.52

Distress Zone

Piotroski F-Score

5/9

✓ ✓ ✗ ✗ ✗ ✓ ✓ ✓ ✗

Beneish M-Score

-3.30

Unlikely Manipulator

Ohlson O-Score

-9.70

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

BBB-

Score: 53.7/100

Trend: Deteriorating

Earnings Quality

25/100

OCF/NI: 0.22x

Accruals: 0.7%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. FPH scores 1.52, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. FPH scores 5/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. FPH's score of -3.30 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. FPH's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. FPH receives an estimated rating of BBB- (score: 53.7/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). FPH's score of 25/100 is low — reported earnings may not be fully supported by cash flows.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

9.98x

PEG

-0.14x

P/S

2.48x

P/B

0.34x

P/FCF

55.90x

P/OCF

52.94x

EV/EBITDA

4.27x

EV/Revenue

3.64x

EV/EBIT

4.60x

EV/FCF

71.47x

Earnings Yield

8.74%

FCF Yield

1.79%

Shareholder Yield

0.92%

Graham Number

$10.43

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 10.0x earnings, FPH trades at a deep value multiple. An earnings yield of 8.7% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $10.43 per share, suggesting a potential 156% margin of safety at the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.314

NI / EBT

Interest Burden

1.000

EBT / EBIT

EBIT Margin

0.791

EBIT / Rev

Asset Turnover

0.037

Rev / Assets

Equity Multiplier

3.880

Assets / Equity

ROE

3.6%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. FPH's ROE of 3.6% is driven by financial leverage (equity multiplier: 3.88x). Note: high leverage means ROE is amplified by debt rather than operational performance. A tax burden ratio of 0.31 suggests the company retains less than 60% of pre-tax earnings after taxes.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

15.00%

Fair P/E

38.50x

Intrinsic Value

$15.74

Price/Value

0.30x

Margin of Safety

70.26%

Premium

-70.26%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with FPH's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. FPH actually compounded EPS at 17.2% over three years; the model uses 15%, the highest rate it will extrapolate — of 4,457 company-quarters that grew faster than 200%, none sustained it over the following seven years. FPH trades at a -70% premium to its adjusted intrinsic value of $15.74, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 38.5x compares to the current market P/E of 10.0x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$4.09

Median 1Y

$3.35

5th Pctile

$1.49

95th Pctile

$7.56

Ann. Volatility

50.2%

25th–75th percentile 5th–95th percentile Median path Historical

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Daniel Hedigan, President and Chief Executive Officer	$650,000	$4,736,511	$8,247,397
Michael Alvarado, Chief Operating Officer and Chief Legal Officer	$600,000	$3,366,635	$6,270,728
Kim Tobler, Chief Financial Officer and Treasurer	$500,000	$2,391,472	$4,497,512
Greg McWilliams, Chief Policy Officer	$530,000	$1,068,032	$3,059,543

CEO Pay Ratio

12:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $8,247,397

Avg Employee Cost (SGA/emp): $673,522

Employees: 90

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

+2.3% YoY

Revenue / Employee

$1,222,444

Rev: $110,020,000

Profit / Employee

$788,511

NI: $70,966,000

SGA / Employee

$673,522

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
ROE	1.0%	-0.1%	-0.6%	-0.7%	-2.5%	-0.5%	4.1%	5.9%	8.5%	9.6%	8.0%	7.6%	9.6%	12.3%	10.5%	12.5%	8.9%	5.6%	6.5%	3.6%	3.55%
ROA	0.2%	-0.0%	-0.1%	-0.1%	-0.5%	-0.1%	0.9%	1.3%	1.9%	2.2%	1.8%	1.8%	2.3%	3.0%	2.6%	3.1%	2.2%	1.4%	1.7%	0.9%	0.92%
ROIC	0.3%	0.4%	0.8%	1.1%	-2.6%	-2.3%	-2.3%	-0.8%	2.7%	2.9%	5.3%	4.5%	6.4%	7.1%	2.9%	2.3%	-0.7%	-1.0%	-0.6%	-0.3%	-0.31%
ROCE	0.1%	0.2%	0.4%	0.6%	-1.4%	-1.2%	-0.9%	-0.3%	1.0%	1.1%	2.0%	1.8%	2.2%	2.2%	1.0%	0.8%	1.3%	1.3%	3.4%	3.0%	2.99%
Gross Margin	37.2%	7.4%	15.1%	41.2%	45.1%	37.9%	46.2%	35.2%	35.8%	50.8%	74.2%	67.7%	40.2%	65.4%	45.1%	47.5%	41.3%	24.9%	48.3%	51.1%	51.05%
Operating Margin	27.4%	-3.3%	-2.2%	-36.1%	-32.6%	-2.0%	-13.4%	17.1%	24.7%	-78.9%	50.5%	-2.1%	31.2%	-46.6%	-1.6%	-58.5%	24.9%	-71.0%	-54.6%	-34.7%	-34.73%
Net Margin	12.3%	-3.5%	-94.8%	-28.8%	66.3%	-79.6%	1.1%	10.0%	25.1%	23.4%	28.8%	28.0%	29.1%	1.8%	44.4%	1.6%	30.7%	-16.4%	78.1%	-17.7%	-17.65%
EBITDA Margin	30.9%	-3.0%	-1.9%	7.5%	9.7%	-1.7%	29.6%	19.9%	30.5%	-50.1%	70.5%	15.4%	33.3%	-31.3%	-1.5%	-43.8%	93.6%	-30.8%	2.7%	-30.1%	-30.07%
FCF Margin	-36.3%	-40.2%	-45.5%	-45.2%	-4.4%	-3.5%	-28.5%	47.1%	72.8%	69.1%	26.9%	10.7%	48.6%	82.4%	76.3%	1.1%	95.4%	3.5%	55.8%	5.1%	5.09%
OCF Margin	-36.3%	-40.2%	-45.6%	-45.3%	-4.4%	-3.5%	-28.3%	47.1%	72.8%	69.1%	27.1%	10.9%	48.7%	82.6%	76.4%	1.1%	95.6%	3.6%	56.0%	5.4%	5.38%
ROE 3Y Avg	snapshot only																				7.51%
ROE 5Y Avg	snapshot only																				5.51%
ROA 3Y Avg	snapshot only																				1.87%
ROIC 3Y Avg	snapshot only																				4.28%
ROIC Economic	snapshot only																				-0.22%
Cash ROA	snapshot only																				0.20%
Cash ROIC	snapshot only																				0.67%
CROIC	snapshot only																				0.64%
NOPAT Margin	snapshot only																				-2.46%
Pretax Margin	snapshot only																				79.12%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				22.74%
SBC / Revenue	snapshot only																				5.18%

Valuation

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
P/E Ratio	67.16	-546.63	-75.34	-42.68	-21.88	-122.48	16.54	11.69	8.06	7.34	8.01	11.80	8.13	8.90	10.51	9.72	11.84	16.00	14.83	11.45	9.978
P/S Ratio	1.97	1.98	1.27	0.86	7.89	7.91	7.20	3.93	2.11	2.11	1.74	3.09	2.33	3.30	4.14	4.72	7.64	6.59	6.72	2.85	2.482
P/B Ratio	0.70	0.70	0.44	0.29	0.55	0.56	0.67	0.67	0.66	0.67	0.61	0.87	0.74	1.03	1.05	1.14	1.00	0.86	0.93	0.40	0.345
P/FCF	-5.42	-4.93	-2.80	-1.90	-1.79	-2.26	-25.29	8.34	2.90	3.06	6.47	28.97	4.81	4.00	5.43	4.38	8.00	190.34	12.05	55.90	55.898
P/OCF	—	—	—	—	—	—	—	8.34	2.90	3.06	6.43	28.36	4.79	3.99	5.43	4.38	7.98	181.92	12.00	52.94	52.938
EV/EBITDA	30.36	39.00	30.85	24.55	-40.74	-54.71	-2007.93	78.57	17.01	16.16	10.03	13.13	8.32	9.87	23.60	31.29	18.54	17.31	8.90	4.27	4.274
EV/Revenue	3.94	4.31	3.98	3.83	21.19	21.46	15.60	8.24	3.70	3.80	3.28	4.66	3.04	3.59	4.87	5.20	8.43	7.84	7.54	3.64	3.640
EV/EBIT	281.73	167.97	71.54	48.57	-23.11	-27.11	-36.27	-103.71	29.96	27.38	13.77	19.54	10.71	12.51	30.81	42.56	22.47	20.84	9.81	4.60	4.601
EV/FCF	-10.86	-10.73	-8.75	-8.46	-4.80	-6.14	-54.82	17.49	5.09	5.49	12.21	43.74	6.26	4.36	6.39	4.82	8.84	226.45	13.52	71.47	71.469
Earnings Yield	1.5%	-0.2%	-1.3%	-2.3%	-4.6%	-0.8%	6.0%	8.6%	12.4%	13.6%	12.5%	8.5%	12.3%	11.2%	9.5%	10.3%	8.4%	6.2%	6.7%	8.7%	8.74%
FCF Yield	-18.5%	-20.3%	-35.7%	-52.5%	-55.9%	-44.2%	-4.0%	12.0%	34.5%	32.7%	15.5%	3.5%	20.8%	25.0%	18.4%	22.8%	12.5%	0.5%	8.3%	1.8%	1.79%
Price/Tangible Book	snapshot only																				0.439
EV/OCF	snapshot only																				67.685
EV/Gross Profit	snapshot only																				8.783
Shareholder Yield	snapshot only																				0.92%
Graham Number	snapshot only																				$10.43

Leverage & Solvency

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Current Ratio	22.46	47.88	64.62	47.15	84.31	53.39	72.33	55.05	10.09	97.06	120.22	7.95	145.64	69.30	103.15	8.43	4.02	66.38	5.20	26.61	26.605
Quick Ratio	3.18	5.60	5.64	3.43	7.31	4.10	7.68	6.37	1.62	11.46	14.94	1.00	27.40	14.26	18.95	1.26	-18.99	9.69	0.63	3.27	3.274
Debt/Equity	1.12	1.15	1.15	1.16	1.13	1.13	1.08	1.07	1.02	0.87	0.86	0.76	0.80	0.77	0.77	0.55	0.61	0.56	0.52	0.53	0.532
Net Debt/Equity	0.70	0.82	0.94	1.02	0.92	0.96	0.78	0.73	0.50	0.53	0.54	0.44	0.22	0.09	0.18	0.12	0.10	0.16	0.11	0.11	0.110
Debt/Assets	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.23	0.21	0.20	0.18	0.19	0.19	0.19	0.14	0.16	0.15	0.14	0.14	0.140
Debt/EBITDA	24.33	29.60	25.62	21.69	-31.50	-40.80	-1500.03	60.06	15.02	11.75	7.42	7.64	6.89	6.83	14.74	13.79	10.28	9.43	4.49	4.50	4.500
Net Debt/EBITDA	15.22	21.07	20.98	19.03	-25.57	-34.55	-1081.84	41.12	7.33	7.16	4.72	4.43	1.93	0.81	3.54	2.90	1.75	2.76	0.97	0.93	0.931
Interest Coverage	—	40.76	87.24	120.53	-287.85	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity Multiplier	4.64	4.75	4.73	4.75	4.67	4.68	4.56	4.54	4.38	4.22	4.19	4.20	4.10	4.08	4.05	3.97	3.85	3.79	3.79	3.80	3.799
Cash Ratio	snapshot only																				3.265
Cash to Debt	snapshot only																				0.793
FCF to Debt	snapshot only																				0.013
Defensive Interval	snapshot only																				2501.9 days

Efficiency & Turnover

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Asset Turnover	0.08	0.07	0.07	0.07	0.01	0.01	0.02	0.04	0.07	0.08	0.08	0.07	0.08	0.08	0.06	0.06	0.03	0.03	0.04	0.04	0.037
Inventory Turnover	0.07	0.07	0.06	0.06	0.01	0.01	0.02	0.03	0.06	0.06	0.06	0.04	0.05	0.05	0.05	0.05	0.03	0.03	0.03	0.03	0.028
Receivables Turnover	2.86	2.63	2.90	2.61	0.54	0.55	0.77	1.35	2.84	2.92	2.72	2.14	2.80	3.29	2.08	2.07	2.18	1.31	2.83	3.02	3.018
Payables Turnover	1.32	4.71	6.67	3.94	0.49	0.92	1.74	2.01	2.87	5.20	6.41	1.47	2.36	3.67	4.56	1.10	0.96	1.53	1.01	1.35	1.349
DSO	128	139	126	140	679	669	473	270	128	125	134	171	130	111	175	176	167	278	129	121	120.9 days
DIO	5170	5601	5855	6049	28780	30327	24266	12203	6065	6083	6055	8395	6913	7069	7810	7854	14353	13358	13021	13237	13236.9 days
DPO	276	77	55	93	745	396	210	181	127	70	57	249	155	99	80	332	380	239	361	271	270.5 days
Cash Conversion Cycle	5022	5663	5926	6096	28715	30600	24529	12292	6066	6137	6132	8317	6889	7081	7905	7698	14141	13397	12789	13087	13087.3 days
Fixed Asset Turnover	snapshot only																				4.049
Operating Cycle	snapshot only																				13357.8 days
Cash Velocity	snapshot only																				0.329
Capital Intensity	snapshot only																				27.352

Growth (YoY)

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Revenue	46.1%	37.1%	50.6%	35.1%	-81.0%	-79.9%	-72.1%	-47.1%	4.0%	4.0%	3.1%	79.0%	12.4%	11.7%	-19.7%	-1.5%	-53.8%	-54.2%	-40.8%	-39.1%	-39.15%
Net Income	16.3%	-1.1%	-1.6%	72.3%	-3.3%	-2.6%	8.2%	9.8%	4.6%	23.2%	1.1%	39.7%	23.3%	43.4%	45.8%	82.6%	3.9%	-49.1%	-31.9%	-68.8%	-68.84%
EPS	16.2%	-1.1%	-1.6%	72.9%	-2.1%	-72.4%	4.4%	5.2%	4.6%	23.1%	1.1%	38.5%	22.0%	40.6%	43.1%	79.3%	1.6%	-49.6%	-32.1%	-35.2%	-35.20%
FCF	-1.0%	-1.0%	-98.9%	24.9%	-1.3%	-75.2%	82.6%	1.6%	1.8%	2.0%	4.9%	-59.5%	-25.0%	33.2%	1.3%	9.0%	-9.1%	-98.1%	-56.7%	-97.1%	-97.12%
EBITDA	2.1%	2.4%	2.1%	3.0%	-1.8%	-1.7%	-1.0%	-64.5%	3.1%	4.0%	175.2%	5.1%	88.5%	73.0%	-49.3%	-53.9%	-42.4%	-43.0%	1.4%	2.1%	2.12%
Op. Income	1.1%	1.2%	1.3%	1.4%	-13.5%	-7.2%	-3.2%	-1.5%	1.7%	1.9%	3.3%	6.4%	1.6%	1.3%	-46.7%	-49.6%	-1.1%	-1.2%	-1.2%	-1.1%	-1.14%
OCF Growth	snapshot only																				-96.97%
Asset Growth	snapshot only																				1.33%
Equity Growth	snapshot only																				5.81%
Debt Growth	snapshot only																				1.75%
Shares Change	snapshot only																				-51.91%

Growth (CAGR)

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Revenue 3Y	66.1%	66.2%	66.3%	66.0%	-38.6%	-37.8%	-32.4%	-16.5%	11.3%	11.1%	20.2%	8.6%	2.0%	3.7%	-2.5%	-2.3%	37.1%	36.4%	25.3%	2.4%	2.38%
Revenue 5Y	—	—	74.3%	52.9%	-2.0%	-6.9%	-0.8%	11.7%	34.0%	35.6%	39.6%	34.1%	5.2%	6.0%	0.5%	0.5%	-6.5%	-6.9%	-3.8%	-5.2%	-5.17%
EPS 3Y	—	—	—	—	—	—	—	91.2%	—	25.3%	63.2%	—	68.4%	—	—	—	—	—	26.7%	17.2%	17.19%
EPS 5Y	—	—	—	—	—	—	-32.4%	-25.9%	—	—	—	—	49.6%	—	—	77.0%	—	6.9%	33.4%	—	—
Net Income 3Y	—	—	—	—	—	—	—	92.3%	—	62.2%	1.1%	—	1.2%	—	—	—	—	—	27.0%	-7.4%	-7.36%
Net Income 5Y	—	—	—	—	—	—	-20.3%	-13.2%	—	—	—	—	49.9%	—	—	78.5%	—	25.5%	56.3%	—	—
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	44.0%	54.3%	14.0%	-0.2%	—	—	—	1.1%	1.06%
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	58.5%	63.5%	68.0%	73.1%	-34.1%	-30.6%	-21.3%	-6.2%	22.5%	24.4%	43.8%	28.6%	14.1%	15.4%	3.4%	3.2%	48.5%	37.8%	22.5%	4.4%	4.43%
Gross Profit 5Y	—	—	67.6%	48.8%	-9.9%	-11.4%	-2.9%	6.7%	31.0%	34.6%	45.4%	46.3%	17.4%	19.2%	10.4%	9.7%	3.3%	1.2%	5.5%	1.4%	1.42%
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	1.8%	1.3%	38.1%	13.1%	—	—	—	—	—
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-51.2%	-51.22%
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-50.3%	-50.33%
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets 3Y	0.2%	0.4%	0.1%	-1.3%	-1.3%	-0.7%	0.1%	-0.3%	0.1%	-0.7%	0.0%	0.1%	1.5%	2.6%	3.0%	3.4%	4.0%	3.5%	3.4%	3.2%	3.22%
Assets 5Y	—	—	3.4%	2.9%	-0.6%	-0.6%	-0.3%	-0.2%	0.3%	-0.1%	0.3%	-0.3%	0.5%	1.5%	1.7%	1.5%	1.9%	1.7%	2.0%	1.9%	1.91%
Equity 3Y	2.6%	-0.1%	0.2%	0.4%	0.3%	1.7%	2.4%	1.7%	3.2%	3.9%	4.8%	5.0%	5.7%	8.0%	8.5%	9.8%	10.9%	11.1%	9.9%	9.5%	9.53%
Book Value 3Y	2.3%	4.2%	-1.4%	-0.9%	0.6%	1.3%	1.2%	1.2%	-20.4%	-19.7%	-19.0%	-19.0%	-18.5%	-16.0%	-15.8%	-15.2%	9.5%	9.9%	9.7%	38.6%	38.56%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Revenue Stability	0.73	0.73	0.79	0.79	0.03	0.01	0.03	0.18	0.20	0.22	0.36	0.48	0.02	0.04	0.00	0.00	0.03	0.03	0.03	0.00	0.002
Earnings Stability	0.18	0.25	0.09	0.10	0.25	0.21	0.10	0.08	0.46	0.48	0.79	0.67	0.50	0.79	0.93	0.80	0.73	0.49	0.75	0.52	0.518
Margin Stability	0.81	0.81	0.77	0.83	0.71	0.74	0.73	0.76	0.86	0.85	0.80	0.79	0.79	0.79	0.82	0.79	0.78	0.78	0.80	0.82	0.824
Rev. Growth Consistency	0.50	0.50	0.50	0.50	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.000
Earn. Growth Consistency	0.50	0.00	0.00	0.50	0.00	0.00	0.50	1.00	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.000
FCF Positive Streak	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.20	0.20	0.20	0.50	0.20	0.50	0.20	0.20	0.20	0.20	0.50	0.50	0.50	0.50	0.82	0.50	0.98	0.80	0.87	0.50	0.500
Earnings Smoothness	—	—	—	—	—	—	—	—	—	—	0.31	0.67	0.79	0.64	0.63	0.42	0.96	0.35	0.62	0.00	0.000
ROE Trend	0.00	0.02	0.01	0.00	-0.03	-0.02	0.04	0.07	0.09	0.09	0.06	0.05	0.06	0.07	0.04	0.05	-0.00	-0.05	-0.03	-0.06	-0.061
Gross Margin Trend	0.08	0.09	0.10	0.08	0.04	0.07	0.12	0.06	0.01	-0.01	0.04	0.12	0.14	0.13	0.00	-0.02	0.02	-0.04	-0.03	-0.05	-0.045
FCF Margin Trend	0.54	0.40	0.29	0.22	-3.97	-3.16	0.12	1.10	3.12	2.64	0.64	0.10	2.33	2.23	0.77	0.79	0.35	-0.72	0.04	-0.54	-0.541
Sustainable Growth Rate	1.0%	—	—	—	—	—	4.1%	5.9%	8.5%	9.6%	8.0%	7.6%	9.6%	12.3%	10.5%	12.5%	8.9%	5.6%	6.5%	3.6%	3.55%
Internal Growth Rate	0.2%	—	—	—	—	—	0.9%	1.3%	1.9%	2.2%	1.9%	1.8%	2.3%	3.1%	2.6%	3.2%	2.3%	1.5%	1.7%	0.9%	0.92%

Cash Flow Quality

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
OCF/Net Income	-12.40	110.97	26.94	22.44	12.23	54.10	-0.65	1.40	2.78	2.40	1.25	0.42	1.70	2.23	1.94	2.22	1.48	0.09	1.24	0.22	0.216
FCF/OCF	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.99	0.98	1.00	1.00	1.00	1.00	1.00	0.96	1.00	0.95	0.947
FCF/Net Income	snapshot only																				0.205
OCF/EBITDA	snapshot only																				0.063
CapEx/Revenue	0.0%	0.0%	0.1%	0.0%	0.2%	0.2%	0.1%	0.0%	0.0%	0.0%	0.2%	0.2%	0.2%	0.2%	0.0%	0.1%	0.2%	0.2%	0.3%	0.3%	0.28%
CapEx/Depreciation	snapshot only																				0.047
Accruals Ratio	0.03	0.03	0.03	0.03	0.06	0.05	0.01	-0.01	-0.03	-0.03	-0.00	0.01	-0.02	-0.04	-0.02	-0.04	-0.01	0.01	-0.00	0.01	0.007
Sloan Accruals	snapshot only																				0.084
Cash Flow Adequacy	snapshot only																				18.887
Earnings Quality Score	snapshot only																				0.250

Dividends & Buybacks

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	0.0%	—	—	—	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
FCF Payout Ratio	—	—	—	—	—	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Payout Ratio	31.2%	—	—	—	—	—	0.8%	0.5%	0.4%	1.3%	1.5%	1.6%	1.2%	2.0%	2.3%	1.9%	2.5%	0.0%	5.8%	10.5%	10.53%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	0.5%	0.6%	1.0%	1.5%	0.8%	0.1%	0.0%	0.0%	0.0%	0.2%	0.2%	0.1%	0.1%	0.2%	0.2%	0.2%	0.2%	0.0%	0.4%	0.9%	0.92%
Net Buyback Yield	0.5%	0.6%	1.0%	1.5%	0.8%	0.1%	0.0%	0.0%	0.0%	0.2%	0.2%	0.1%	0.1%	0.2%	0.2%	0.2%	0.2%	0.0%	0.4%	0.9%	0.92%
Total Shareholder Return	0.5%	0.6%	1.0%	1.5%	0.8%	0.1%	0.0%	0.0%	0.0%	0.2%	0.2%	0.1%	0.1%	0.2%	0.2%	0.2%	0.2%	0.0%	0.4%	0.9%	0.92%

DuPont Factors

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Tax Burden (NI/EBT)	0.51	0.29	0.41	0.42	0.42	0.31	0.49	0.49	0.51	0.49	0.45	0.43	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.31	0.314
Interest Burden (EBT/EBIT)	4.14	-0.49	-0.74	-0.62	0.93	0.27	-2.05	-8.70	4.18	4.21	2.04	2.55	3.04	3.87	7.49	12.01	5.14	3.29	1.81	1.00	1.000
EBIT Margin	0.01	0.03	0.06	0.08	-0.92	-0.79	-0.43	-0.08	0.12	0.14	0.24	0.24	0.28	0.29	0.16	0.12	0.38	0.38	0.77	0.79	0.791
Asset Turnover	0.08	0.07	0.07	0.07	0.01	0.01	0.02	0.04	0.07	0.08	0.08	0.07	0.08	0.08	0.06	0.06	0.03	0.03	0.04	0.04	0.037
Equity Multiplier	4.72	4.80	4.78	4.79	4.65	4.72	4.64	4.64	4.52	4.44	4.37	4.36	4.24	4.14	4.12	4.07	3.97	3.93	3.92	3.88	3.880

Per Share

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
EPS (Diluted TTM)	$0.10	$-0.01	$-0.05	$-0.06	$-0.11	$-0.02	$0.17	$0.25	$0.38	$0.43	$0.37	$0.35	$0.46	$0.60	$0.52	$0.63	$0.47	$0.30	$0.36	$0.41	$0.41
Book Value/Share	$9.41	$8.78	$8.79	$8.81	$4.27	$4.22	$4.32	$4.45	$4.66	$4.67	$4.77	$4.79	$5.10	$5.20	$5.24	$5.38	$5.61	$5.60	$5.69	$11.84	$33.47
Tangible Book/Share	$8.64	$8.05	$8.05	$8.15	$4.00	$3.94	$4.10	$4.24	$4.49	$4.51	$4.68	$4.71	$5.04	$5.15	$5.19	$4.78	$5.03	$5.03	$5.12	$10.66	$10.66
Revenue/Share	$3.33	$3.08	$3.07	$3.02	$0.30	$0.30	$0.40	$0.76	$1.46	$1.48	$1.68	$1.34	$1.62	$1.62	$1.33	$1.30	$0.73	$0.73	$0.78	$1.64	$1.64
FCF/Share	$-1.21	$-1.24	$-1.40	$-1.37	$-1.30	$-1.04	$-0.11	$0.36	$1.06	$1.02	$0.45	$0.14	$0.79	$1.34	$1.01	$1.40	$0.70	$0.03	$0.44	$0.08	$0.08
OCF/Share	$-1.21	$-1.24	$-1.40	$-1.37	$-1.30	$-1.04	$-0.11	$0.36	$1.06	$1.02	$0.46	$0.15	$0.79	$1.34	$1.01	$1.40	$0.70	$0.03	$0.44	$0.09	$0.09
Cash/Share	$3.94	$2.91	$1.84	$1.25	$0.91	$0.73	$1.31	$1.50	$2.44	$1.59	$1.49	$1.53	$2.93	$3.55	$3.07	$2.35	$2.84	$2.22	$2.34	$5.00	$5.00
EBITDA/Share	$0.43	$0.34	$0.40	$0.47	$-0.15	$-0.12	$-0.00	$0.08	$0.32	$0.35	$0.55	$0.48	$0.59	$0.59	$0.27	$0.22	$0.33	$0.33	$0.66	$1.40	$1.40
Debt/Share	$10.51	$10.09	$10.15	$10.21	$4.84	$4.78	$4.68	$4.76	$4.76	$4.08	$4.09	$3.65	$4.07	$4.03	$4.04	$2.98	$3.42	$3.14	$2.98	$6.30	$6.30
Net Debt/Share	$6.57	$7.18	$8.31	$8.96	$3.92	$4.05	$3.38	$3.26	$2.32	$2.49	$2.60	$2.12	$1.14	$0.48	$0.97	$0.63	$0.58	$0.92	$0.64	$1.30	$1.30

Academic Models

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.524
Altman Z-Prime	snapshot only																				6.576
Piotroski F-Score	6	3	3	2	2	2	5	6	6	8	9	6	8	7	5	6	6	3	5	5	5
Beneish M-Score	-2.20	-1.89	-1.97	-1.85	4.68	-2.63	-0.79	-0.18	2.08	-2.60	-1.82	0.24	-2.31	-2.71	-0.52	-2.71	1.11	-1.06	-2.28	-3.30	-3.300
Ohlson O-Score	snapshot only																				-9.696
ROIC (Greenblatt)	snapshot only																				3.28%
Net-Net WC	snapshot only																				$29.22
EVA	snapshot only																				$-97232174.19

Credit

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Credit Rating	snapshot only																				BBB-
Credit Score	57.62	60.71	61.07	56.22	35.91	49.93	55.09	47.33	63.93	66.08	65.35	59.61	65.37	73.81	71.83	65.65	40.87	48.50	50.21	53.74	53.743
Credit Grade	snapshot only																				10
Credit Trend	snapshot only																				-11.908
Implied Spread (bps)	snapshot only																				350.000
Industry Credit Rank	snapshot only																				65
Sector Credit Rank	snapshot only																				71

FPH NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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