HHH Stock Analysis: Howard Hughes Holdings | NYSE
Real Estate - Development | NYSE, USA | Market Cap: 4.102m USD | 12M Return: -17.2% | US44267T1025 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 54.3M
Qual. Beats: 1
Rev. Trend: 81.0%
Qual. Beats: 2
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Howard Hughes Holdings Inc. (NYSE: HHH) is a U.S.-based real estate company that develops master planned communities (MPCs) and operates a diversified portfolio of commercial and residential properties. Founded in 2010 and headquartered in The Woodlands, Texas, the company conducts its business through three segments: Operating Assets (retail, office, and multifamily properties), MPC (land sales to homebuilders and developers in large-scale, long-term community projects), and Strategic Developments (residential condominium and commercial property projects).
HHH is classified within the Real Estate Development sub-industry of the broader GICS Real Estate sector, and trades as a mid-cap stock on the NYSE. Its business model is somewhat unique within real estate, as the MPC segment generates revenue primarily through the sale of raw, entitled land to third-party homebuilders rather than through direct home construction, allowing the company to participate in long-duration community build-outs.
- MPC land sales to homebuilders accelerate segment revenue
- Office occupancy weakness pressures Operating Assets rental income
- Strategic Developments condo pre-sales drive margin expansion
| Net Income: 292.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.26 > 1.0 |
| NWC/Revenue: 131.8% < 20% (prev 107.9%; Δ 23.90% < -1%) |
| CFO/TA 0.05 > 3% & CFO 796.3m > Net Income 292.1m |
| Net Debt (2.80b) to EBITDA (775.9m): 3.60 < 3 |
| Current Ratio: 2.75 > 1.5 & < 3 |
| Outstanding Shares: last quarter (59.2m) vs 12m ago 6.91% < -2% |
| Gross Margin: 17.44% > 18% (prev 43.24%; Δ -25.80% > 0.5%) |
| Asset Turnover: 18.11% > 50% (prev 17.20%; Δ 0.91% > 0%) |
| Interest Coverage Ratio: 3.16 > 6 (EBIT TTM 556.4m / Interest Expense TTM 176.0m) |
| A: 0.20 (Total Current Assets 4.91b - Total Current Liabilities 1.79b) / Total Assets 15.9b |
| B: 0.01 (Retained Earnings 104.5m / Total Assets 15.9b) |
| C: 0.04 (EBIT TTM 556.4m / Avg Total Assets 13.1b) |
| D: 0.46 (Book Value of Equity 4.96b / Total Liabilities 10.9b) |
| Altman-Z'' = 2.07 = BBB |
| DSRI: 1.84 (Receivables 1.52b/615.3m, Revenue 2.37b/1.77b) |
| GMI: 2.48 (GM 43.24% / 17.44%) |
| AQI: 0.33 (AQ_t 0.25 / AQ_t-1 0.76) |
| SGI: 1.34 (Revenue 2.37b / 1.77b) |
| TATA: -0.03 (NI 292.1m - CFO 796.3m) / TA 15.9b) |
| Beneish M = -1.15 (Cap -4..+1) = D |
As of October 20, 2026, the stock is trading at USD 66.70 with a total of 517,366 shares traded. Over the past week, the price has changed by -7.80%, over one month by +1.68%, over three months by -2.61% and over the past year by -17.20%.
Current recommended Stop Loss: 63.60 (which is 4.6% or 1.3 ATR below the current price).
Howard Hughes Holdings has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy HHH.
- StrongBuy: 1
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 84 | 25.9% |
P/E Trailing = 13.9049
P/E Forward = 1250.0
P/S = 1.7287
P/B = 0.9613
P/EG = 5.55
Revenue TTM = 2.37b USD
EBIT TTM = 556.4m USD
EBITDA TTM = 775.9m USD
Long Term Debt = 5.46b USD (from longTermDebt, last quarter)
Short Term Debt = 5.46b USD (from shortTermDebt, last quarter)
Debt = 5.47b USD (from shortLongTermDebtTotal, last quarter) + Leases 7.54m
Net Debt = 2.80b USD (calculated: Debt 5.47b - CCE 2.68b)
Enterprise Value = 6.90b USD (4.10b + Debt 5.47b - CCE 2.68b)
Interest Coverage Ratio = 3.16 (Ebit TTM 556.4m / Interest Expense TTM 176.0m)
EV/FCF = 8.92x (Enterprise Value 6.90b / FCF TTM 773.0m)
FCF Yield = 11.21% (FCF TTM 773.0m / Enterprise Value 6.90b)
FCF Margin = 32.58% (FCF TTM 773.0m / Revenue TTM 2.37b)
Net Margin = 12.31% (Net Income TTM 292.1m / Revenue TTM 2.37b)
Gross Margin = 17.44% ((Revenue TTM 2.37b - Cost of Revenue TTM 1.96b) / Revenue TTM)
Gross Margin QoQ = 32.36% (prev 13.35%)
Tobins Q-Ratio = 0.43 (Enterprise Value 6.90b / Total Assets 15.9b)
Interest Expense / Debt = 3.22% (Interest Expense 176.0m / Debt 5.47b)
Taxrate = 23.79% (90.6m / 380.7m)
NOPAT = 424.0m (EBIT 556.4m * (1 - 23.79%))
Current Ratio = 2.75 (Total Current Assets 4.91b / Total Current Liabilities 1.79b)
Debt / Equity = 1.10 (Debt 5.47b / totalStockholderEquity, last quarter 4.96b)
Debt / EBITDA = 3.60 (Net Debt 2.80b / EBITDA 775.9m)
Debt / FCF = 3.62 (Net Debt 2.80b / FCF TTM 773.0m)
Total Stockholder Equity = 4.07b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.23% (Net Income 292.1m / Total Assets 15.9b)
RoE = 7.18% (Net Income TTM 292.1m / Total Stockholder Equity 4.07b)
RoCE = 5.84% (EBIT 556.4m / Capital Employed (Equity 4.07b + L.T.Debt 5.46b))
RoIC = 2.18% (NOPAT 424.0m / Invested Capital 19.5b)
WACC = 4.76% (E(4.10b)/V(9.57b) * Re(7.83%) + D(5.47b)/V(9.57b) * Rd(3.22%) * (1-Tc(0.24)))
Discount Rate = 7.83% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.43 | Cagr: 8.08%
[DCF] Terminal Value 77.97% ; FCFF base≈674.5m ; Y1≈773.2m ; Y5≈1.14b
[DCF] Fair Price = 239.9 (EV 17.1b - Net Debt 2.80b = Equity 14.3b / Shares 59.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 2.54 | # QB: 1
Revenue Correlation: 81.03 | Revenue CAGR: 32.58% | SUE: 4.0 | # QB: 2
EPS current Quarter (2026-09-30): EPS=0.69 | Chg30d=N/A | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=4.47 | Chg30d=+81.05% | Revisions=+25% | GrowthEPS=+102.2% | GrowthRev=+73.2%
EPS next Year (2027-12-31): EPS=3.43 | Chg30d=N/A | Revisions=+0% | GrowthEPS=-3.7% | GrowthRev=-7.4%
[Analyst] Revisions Ratio: +25% (up=1, down=0)