SH

Star Holdings

STHO·NASDAQ

$8.87

+0.23%
Real EstateReal Estate - Services

Star Holdings engages in the non-ground lease related commercial real estate businesses in the United States. Its portfolio primarily comprises interest in the Asbury Park Waterfront and Magnolia Green residential development projects; and commercial real estate properties and loans that are marketed for sale or monetized. The company is based in New York, New York.

At a Glance

Live Snapshot
Market Cap$107.23M
EPS-4.9000
P/E Ratio-1.81
Earnings Date08/06/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -1.8).

Valuation inputs: P/E -1.8, earnings yield N/A, momentum +0.2%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -25.5%, ROIC +2.2%).

Profitability stack: net margin -58.3%, ROE -25.5%, ROIC +2.2%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +53.4%, momentum +0.2%, net margin -58.3%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Star Holdings Market vs Earnings Trajectory

STHO · NASDAQ

Loading price and EPS data...

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Star Holdings Fair Value Envelope

STHO · NASDAQ

Our analysis suggests that STHO has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $8.87, this represents a potential HIDDEN relative to our calculated worth for Star Holdings.

Intrinsic Value
Current Price: $8.87
3Y+79.0%
5Y-204.0%
10Y-204.0%
3Y+15.0%
5Y-50.0%
10Y-50.0%
3Y+77.0%
5Y-202.0%
10Y-202.0%
3Y-57.0%
5Y-237.0%
10Y-237.0%
3Y+33.0%
5Y+313.0%
10Y+313.0%
3Y-43.0%
5Y-43.0%
10Y-43.0%
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Star Holdings Profit Bridge

STHO · NASDAQ
Revenue110.14M
Cost of Goods Sold (88.86M)
Gross Profit21.28M
Operating Expenses (8.82M)
Operating Income12.46M
Interest Expense (18.37M)
Other Income/Expense-83.21M
Pretax Income-70.75M
Income Tax (27.00K)
Net Income-64.25M
Net Income
-64.25M

Profitability Analysis

Gross Margin

19.3%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

11.3%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

-58.3%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

19.32%
Gross Profit Margin
-167%
3Y-208.0%
5Y+804.0%
10Y+804.0%
11.32%
Operating Profit Margin
-183%
3Y-117.0%
5Y-231.0%
10Y-231.0%
-58.33%
Net Profit Margin
-40%
3Y+54.0%
5Y-306.0%
10Y-306.0%
-25.52%
Return on Equity
-5%
3Y+582.0%
5Y-
10Y-
-11.27%
Return on Assets
-21%
3Y+212.0%
5Y-
10Y-
2.19%
Return on Invested Capital
-203%
3Y-134.0%
5Y-
10Y-
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Star Holdings Cash Conversion Engine

STHO · NASDAQ
Net Income-70.77M
Depreciation & Amortization4.14M
Stock-Based Compensation0.00
Change in Working Capital-468.00K
Others55.44M
Capital Expenditures-54.79M
Free Cash Flow-66.45M

Cash Flow Quality Analysis

FCF Conversion Rate

93.9%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

-470.0%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+1.2%

Flat FCF growth. Stable but not expanding—monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

-$468.00K

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

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Star Holdings Funding & Solvency Profile

STHO · NASDAQ
Cash & Cash Equivalents46.38M
Net Receivables1.10M
Inventory0.00
Other Current Assets0.00
Total Current Assets47 M
Property, Plant & Equipment0.00
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets0.00
Total Non-Current Assets0
Total Assets
480.36M

Financial Health Analysis

Debt-to-Equity Ratio

1.00x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

47 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

10% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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Star Holdings Street Expectations Map

STHO · NASDAQ

No Target Data

No analyst price targets available for stho.

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Star Holdings Insider Positioning

STHO · NASDAQ

During the last 12 months, there has been no insider trading activity reported for STHO.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

No Dividend Yield Data

STHO has not reported any dividend yield values in the available annual periods.

 

stho Dividend History

STHO
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%