FRP Holdings stock: fair value
FRPHThe fair value of FRP Holdings under our model is $53.16, the price is 65% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Possible value trapIn our model the price counts as cheap below $40.89 and expensive above $75.94 (uncertainty medium, based on the price swings of the past year).
Calculated with a cost of equity of 11.2%. At 12.2% the fair value would be $46.24, at 10.2% it would be $62.27.
Possible value trap: looks cheap, but score below 50.
Where the number comes from
From the cash-flow model alone; without earnings there is no industry value.
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 11.2% (government bond yield 3.8% plus beta 1.66 times a risk premium of 4.5%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $53.16 per share: free cash flow for the next ten years, each year discounted to today at 11.2%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 11.2%) |
|---|---|---|---|---|
| 2026 | $41.2M | extrapolated at 38.8% | 0.8991 | $37.05M |
| 2027 | $52.88M | extrapolated at 28.3% | 0.8084 | $42.75M |
| 2028 | $63.97M | extrapolated at 21.0% | 0.7269 | $46.5M |
| 2029 | $74.1M | extrapolated at 15.8% | 0.6536 | $48.43M |
| 2030 | $83.17M | extrapolated at 12.2% | 0.5877 | $48.88M |
| 2031 | $91.25M | extrapolated at 9.7% | 0.5284 | $48.22M |
| 2032 | $98.5M | extrapolated at 8.0% | 0.4751 | $46.8M |
| 2033 | $105.12M | extrapolated at 6.7% | 0.4272 | $44.9M |
| 2034 | $111.26M | extrapolated at 5.9% | 0.3841 | $42.73M |
| 2035 | $117.1M | extrapolated at 5.2% | 0.3453 | $40.44M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $446.7M |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (11.2% − 3.8%) | $1.65B |
| Present value of terminal value (× 0.3453) | $568.32M |
| Equity value (sum plus present value of terminal value) | $1.02B |
| Shares (diluted) | 19.10M |
| Value per share (equity value divided by shares) | $53.16 |
| Fair value (from the cash flow model alone) | $53.16 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 24 Jul 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.