UMH PROPERTIES INC (UMH) Stock Fundamental Analysis
USA - NYSE:UMH - US9030021037 - REIT
14.4 USD
-0.08 (-0.55%)
14.39 USD
-0.01 (-0.07%)
Taking everything into account, UMH scores 5 out of 10 in our fundamental rating. UMH was compared to 20 industry peers in the Residential REITs industry. Both the profitability and the financial health of UMH get a neutral evaluation. Nothing too spectacular is happening here. While showing a medium growth rate, UMH is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
UMH had positive earnings in the past year.
In the past year UMH had a positive cash flow from operations.
In multiple years UMH reported negative net income over the last 5 years.
Of the past 5 years UMH 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of UMH (0.64%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 1.12%, UMH is in line with its industry, outperforming 50.00% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.23%, UMH is in line with its industry, outperforming 45.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for UMH is in line with the industry average of 2.59%.
The last Return On Invested Capital (2.23%) for UMH is above the 3 year average (2.11%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.64% | ||
| ROE | 1.12% | ||
| ROIC | 2.23% |
ROA(3y)-1.05%
ROA(5y)-0.84%
ROE(3y)-2.53%
ROE(5y)-2.13%
ROIC(3y)2.11%
ROIC(5y)2.12%
1.3 Margins
UMH has a Profit Margin of 4.18%. This is comparable to the rest of the industry: UMH outperforms 45.00% of its industry peers.
In the last couple of years the Profit Margin of UMH has declined.
Looking at the Operating Margin, with a value of 17.94%, UMH is in line with its industry, outperforming 45.00% of the companies in the same industry.
In the last couple of years the Operating Margin of UMH has grown nicely.
Looking at the Gross Margin, with a value of 54.84%, UMH is doing worse than 75.00% of the companies in the same industry.
UMH's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.94% | ||
| PM (TTM) | 4.18% | ||
| GM | 54.84% |
OM growth 3Y-0.39%
OM growth 5Y5.7%
PM growth 3Y-55.15%
PM growth 5Y-10.34%
GM growth 3Y1.2%
GM growth 5Y2.16%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so UMH is destroying value.
UMH has more shares outstanding than it did 1 year ago.
The number of shares outstanding for UMH has been increased compared to 5 years ago.
Compared to 1 year ago, UMH has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.36, we must say that UMH is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.36, UMH is in the better half of the industry, outperforming 65.00% of the companies in the same industry.
UMH has a Debt/Equity ratio of 0.71. This is a neutral value indicating UMH is somewhat dependend on debt financing.
UMH has a Debt to Equity ratio of 0.71. This is amongst the best in the industry. UMH outperforms 85.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.36 |
ROIC/WACC0.32
WACC6.95%
2.3 Liquidity
UMH has a Current Ratio of 3.96. This indicates that UMH is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of UMH (3.96) is better than 90.00% of its industry peers.
A Quick Ratio of 2.72 indicates that UMH has no problem at all paying its short term obligations.
UMH has a better Quick ratio (2.72) than 90.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.96 | ||
| Quick Ratio | 2.72 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 300.50% over the past year.
The earnings per share for UMH have been decreasing by -12.74% on average. This is quite bad
The Revenue has grown by 8.39% in the past year. This is quite good.
The Revenue has been growing by 10.41% on average over the past years. This is quite good.
EPS 1Y (TTM)300.5%
EPS 3Y-58.99%
EPS 5Y-12.74%
EPS Q2Q%200%
Revenue 1Y (TTM)8.39%
Revenue growth 3Y8.93%
Revenue growth 5Y10.41%
Sales Q2Q%10.47%
3.2 Future
UMH is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 115.33% yearly.
Based on estimates for the next years, UMH will show a small growth in Revenue. The Revenue will grow by 1.83% on average per year.
EPS Next Y340.94%
EPS Next 2Y173.23%
EPS Next 3Y115.33%
EPS Next 5YN/A
Revenue Next Year6.89%
Revenue Next 2Y6.68%
Revenue Next 3Y1.83%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 102.86, UMH can be considered very expensive at the moment.
UMH's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.55, UMH is valued quite expensively.
UMH is valuated quite expensively with a Price/Forward Earnings ratio of 63.56.
The rest of the industry has a similar Price/Forward Earnings ratio as UMH.
The average S&P500 Price/Forward Earnings ratio is at 23.04. UMH is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 102.86 | ||
| Fwd PE | 63.56 |
4.2 Price Multiples
80.00% of the companies in the same industry are more expensive than UMH, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.78 |
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.
UMH's earnings are expected to grow with 115.33% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y173.23%
EPS Next 3Y115.33%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.34%, UMH is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.43, UMH pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.43, UMH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.34% |
5.2 History
The dividend of UMH decreases each year by -2.41%.
UMH has been paying a dividend for at least 10 years, so it has a reliable track record.
UMH has decreased its dividend recently.
Dividend Growth(5Y)-2.41%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
823.85% of the earnings are spent on dividend by UMH. This is not a sustainable payout ratio.
DP823.85%
EPS Next 2Y173.23%
EPS Next 3Y115.33%
14.4
-0.08 (-0.55%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners84.05%
Inst Owner Change-0.01%
Ins Owners5.58%
Ins Owner Change-2.58%
Market Cap1.22B
Analysts77.14
Price Target20.15 (39.93%)
Short Float %2.15%
Short Ratio2.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.34% |
Yearly Dividend1.04
Dividend Growth(5Y)-2.41%
DP823.85%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-59.5%
Min EPS beat(2)-100%
Max EPS beat(2)-19%
EPS beat(4)1
Avg EPS beat(4)37.2%
Min EPS beat(4)-100%
Max EPS beat(4)366.83%
EPS beat(8)3
Avg EPS beat(8)417.84%
EPS beat(12)4
Avg EPS beat(12)221.36%
EPS beat(16)5
Avg EPS beat(16)158.36%
Revenue beat(2)1
Avg Revenue beat(2)-1.36%
Min Revenue beat(2)-2.75%
Max Revenue beat(2)0.02%
Revenue beat(4)1
Avg Revenue beat(4)-1.46%
Min Revenue beat(4)-2.89%
Max Revenue beat(4)0.02%
Revenue beat(8)3
Avg Revenue beat(8)-0.65%
Revenue beat(12)5
Avg Revenue beat(12)-0.59%
Revenue beat(16)7
Avg Revenue beat(16)1.1%
PT rev (1m)-1.56%
PT rev (3m)-5.39%
EPS NQ rev (1m)4%
EPS NQ rev (3m)7.59%
EPS NY rev (1m)-5.36%
EPS NY rev (3m)-5.36%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)1.76%
Revenue NY rev (1m)1.19%
Revenue NY rev (3m)1.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 102.86 | ||
| Fwd PE | 63.56 | ||
| P/S | 4.88 | ||
| P/FCF | N/A | ||
| P/OCF | 15.06 | ||
| P/B | 1.31 | ||
| P/tB | 1.31 | ||
| EV/EBITDA | 16.78 |
EPS(TTM)0.14
EY0.97%
EPS(NY)0.23
Fwd EY1.57%
FCF(TTM)-0.89
FCFYN/A
OCF(TTM)0.96
OCFY6.64%
SpS2.95
BVpS10.97
TBVpS10.97
PEG (NY)0.3
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.64% | ||
| ROE | 1.12% | ||
| ROCE | 2.82% | ||
| ROIC | 2.23% | ||
| ROICexc | 2.35% | ||
| ROICexgc | 2.45% | ||
| OM | 17.94% | ||
| PM (TTM) | 4.18% | ||
| GM | 54.84% | ||
| FCFM | N/A |
ROA(3y)-1.05%
ROA(5y)-0.84%
ROE(3y)-2.53%
ROE(5y)-2.13%
ROIC(3y)2.11%
ROIC(5y)2.12%
ROICexc(3y)2.21%
ROICexc(5y)2.23%
ROICexgc(3y)2.26%
ROICexgc(5y)2.28%
ROCE(3y)2.67%
ROCE(5y)2.68%
ROICexcg growth 3Y0.28%
ROICexcg growth 5Y8.69%
ROICexc growth 3Y0.15%
ROICexc growth 5Y8.44%
OM growth 3Y-0.39%
OM growth 5Y5.7%
PM growth 3Y-55.15%
PM growth 5Y-10.34%
GM growth 3Y1.2%
GM growth 5Y2.16%
F-Score7
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.11 | ||
| Cap/Depr | 249.88% | ||
| Cap/Sales | 62.76% | ||
| Interest Coverage | 1.55 | ||
| Cash Conversion | 75.29% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.96 | ||
| Quick Ratio | 2.72 | ||
| Altman-Z | 1.36 |
F-Score7
WACC6.95%
ROIC/WACC0.32
Cap/Depr(3y)248.65%
Cap/Depr(5y)235.57%
Cap/Sales(3y)62.34%
Cap/Sales(5y)58.95%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)300.5%
EPS 3Y-58.99%
EPS 5Y-12.74%
EPS Q2Q%200%
EPS Next Y340.94%
EPS Next 2Y173.23%
EPS Next 3Y115.33%
EPS Next 5YN/A
Revenue 1Y (TTM)8.39%
Revenue growth 3Y8.93%
Revenue growth 5Y10.41%
Sales Q2Q%10.47%
Revenue Next Year6.89%
Revenue Next 2Y6.68%
Revenue Next 3Y1.83%
Revenue Next 5YN/A
EBIT growth 1Y9.97%
EBIT growth 3Y8.5%
EBIT growth 5Y16.71%
EBIT Next Year184.62%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y36.2%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y108.02%
OCF growth 3Y7.79%
OCF growth 5Y16.2%