UMH PROPERTIES INC (UMH) Stock Fundamental Analysis
NYSE:UMH - New York Stock Exchange, Inc. - US9030021037 - REIT - Currency: USD
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. UMH is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year UMH was profitable.
UMH had a positive operating cash flow in the past year.
In multiple years UMH reported negative net income over the last 5 years.
UMH had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
UMH has a Return On Assets (0.55%) which is comparable to the rest of the industry.
UMH has a Return On Equity of 0.93%. This is comparable to the rest of the industry: UMH outperforms 50.00% of its industry peers.
The Return On Invested Capital of UMH (2.25%) is comparable to the rest of the industry.
UMH had an Average Return On Invested Capital over the past 3 years of 2.11%. This is in line with the industry average of 2.62%.
The last Return On Invested Capital (2.25%) for UMH is above the 3 year average (2.11%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.55% | ||
| ROE | 0.93% | ||
| ROIC | 2.25% |
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
Looking at the Profit Margin, with a value of 3.47%, UMH is in line with its industry, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Profit Margin of UMH has declined.
UMH has a Operating Margin of 17.72%. This is comparable to the rest of the industry: UMH outperforms 45.00% of its industry peers.
UMH's Operating Margin has improved in the last couple of years.
UMH has a worse Gross Margin (54.95%) than 75.00% of its industry peers.
UMH's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.72% | ||
| PM (TTM) | 3.47% | ||
| GM | 54.95% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), UMH is destroying value.
The number of shares outstanding for UMH has been increased compared to 1 year ago.
Compared to 5 years ago, UMH has more shares outstanding
The debt/assets ratio for UMH has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.58, we must say that UMH is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.58, UMH is doing good in the industry, outperforming 75.00% of the companies in the same industry.
UMH has a Debt/Equity ratio of 0.66. This is a neutral value indicating UMH is somewhat dependend on debt financing.
The Debt to Equity ratio of UMH (0.66) is better than 90.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.58 |
ROIC/WACC0.3
WACC7.37%
2.3 Liquidity
A Current Ratio of 2.71 indicates that UMH has no problem at all paying its short term obligations.
UMH's Current ratio of 2.71 is amongst the best of the industry. UMH outperforms 100.00% of its industry peers.
A Quick Ratio of 1.29 indicates that UMH should not have too much problems paying its short term obligations.
UMH's Quick ratio of 1.29 is amongst the best of the industry. UMH outperforms 90.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.71 | ||
| Quick Ratio | 1.29 |
3. Growth
3.1 Past
UMH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 180.23%, which is quite impressive.
Measured over the past years, UMH shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -12.74% on average per year.
Looking at the last year, UMH shows a quite strong growth in Revenue. The Revenue has grown by 8.01% in the last year.
The Revenue has been growing by 10.41% on average over the past years. This is quite good.
EPS 1Y (TTM)180.23%
EPS 3Y-58.99%
EPS 5Y-12.74%
EPS Q2Q%100%
Revenue 1Y (TTM)8.01%
Revenue growth 3Y8.93%
Revenue growth 5Y10.41%
Sales Q2Q%6.15%
3.2 Future
UMH is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 130.92% yearly.
The Revenue is expected to grow by 2.03% on average over the next years.
EPS Next Y365.9%
EPS Next 2Y160.04%
EPS Next 3Y130.92%
EPS Next 5YN/A
Revenue Next Year5.81%
Revenue Next 2Y6.44%
Revenue Next 3Y2.03%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
The Price/Earnings ratio is 138.83, which means the current valuation is very expensive for UMH.
UMH's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.19, UMH is valued quite expensively.
UMH is valuated quite expensively with a Price/Forward Earnings ratio of 81.18.
UMH's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.33, UMH is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 138.83 | ||
| Fwd PE | 81.18 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as UMH.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 18.71 |
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.
A more expensive valuation may be justified as UMH's earnings are expected to grow with 130.92% in the coming years.
PEG (NY)0.38
PEG (5Y)N/A
EPS Next 2Y160.04%
EPS Next 3Y130.92%
5. Dividend
5.1 Amount
UMH has a Yearly Dividend Yield of 3.15%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.70, UMH's dividend is way lower than its industry peers. On top of this 90.00% of the companies listed in the same industry pay a better dividend than UMH!
Compared to an average S&P500 Dividend Yield of 2.35, UMH pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.15% |
5.2 History
The dividend of UMH decreases each year by -2.41%.
UMH has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of UMH decreased recently.
Dividend Growth(5Y)-2.41%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
UMH pays out 969.69% of its income as dividend. This is not a sustainable payout ratio.
DP969.69%
EPS Next 2Y160.04%
EPS Next 3Y130.92%
16.66
-0.39 (-2.29%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners81.37%
Inst Owner Change-0.01%
Ins Owners5.81%
Ins Owner Change-0.91%
Market Cap1.40B
Analysts78.46
Price Target21.29 (27.79%)
Short Float %2.51%
Short Ratio4.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.15% |
Yearly Dividend1.04
Dividend Growth(5Y)-2.41%
DP969.69%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-99.5%
Min EPS beat(2)-100%
Max EPS beat(2)-99.01%
EPS beat(4)2
Avg EPS beat(4)58.21%
Min EPS beat(4)-100%
Max EPS beat(4)366.83%
EPS beat(8)3
Avg EPS beat(8)389.39%
EPS beat(12)4
Avg EPS beat(12)139.03%
EPS beat(16)6
Avg EPS beat(16)195.06%
Revenue beat(2)0
Avg Revenue beat(2)-1.49%
Min Revenue beat(2)-2.75%
Max Revenue beat(2)-0.24%
Revenue beat(4)0
Avg Revenue beat(4)-1.83%
Min Revenue beat(4)-2.89%
Max Revenue beat(4)-0.24%
Revenue beat(8)2
Avg Revenue beat(8)-0.68%
Revenue beat(12)4
Avg Revenue beat(12)-0.94%
Revenue beat(16)7
Avg Revenue beat(16)2.24%
PT rev (1m)0%
PT rev (3m)-4.3%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.89%
EPS NY rev (1m)-28.81%
EPS NY rev (3m)-25%
Revenue NQ rev (1m)-0.15%
Revenue NQ rev (3m)1.19%
Revenue NY rev (1m)-3.22%
Revenue NY rev (3m)-2.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 138.83 | ||
| Fwd PE | 81.18 | ||
| P/S | 5.74 | ||
| P/FCF | N/A | ||
| P/OCF | 18.59 | ||
| P/B | 1.54 | ||
| P/tB | 1.54 | ||
| EV/EBITDA | 18.71 |
EPS(TTM)0.12
EY0.72%
EPS(NY)0.21
Fwd EY1.23%
FCF(TTM)-0.84
FCFYN/A
OCF(TTM)0.9
OCFY5.38%
SpS2.9
BVpS10.85
TBVpS10.85
PEG (NY)0.38
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.55% | ||
| ROE | 0.93% | ||
| ROCE | 2.84% | ||
| ROIC | 2.25% | ||
| ROICexc | 2.3% | ||
| ROICexgc | 2.37% | ||
| OM | 17.72% | ||
| PM (TTM) | 3.47% | ||
| GM | 54.95% | ||
| 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 Turnover0.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.75 | ||
| Cap/Depr | 234.54% | ||
| Cap/Sales | 59.73% | ||
| Interest Coverage | 1.47 | ||
| Cash Conversion | 71.47% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.71 | ||
| Quick Ratio | 1.29 | ||
| Altman-Z | 1.58 |
F-Score7
WACC7.37%
ROIC/WACC0.3
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)180.23%
EPS 3Y-58.99%
EPS 5Y-12.74%
EPS Q2Q%100%
EPS Next Y365.9%
EPS Next 2Y160.04%
EPS Next 3Y130.92%
EPS Next 5YN/A
Revenue 1Y (TTM)8.01%
Revenue growth 3Y8.93%
Revenue growth 5Y10.41%
Sales Q2Q%6.15%
Revenue Next Year5.81%
Revenue Next 2Y6.44%
Revenue Next 3Y2.03%
Revenue Next 5YN/A
EBIT growth 1Y10.31%
EBIT growth 3Y8.5%
EBIT growth 5Y16.71%
EBIT Next Year184.87%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y43.83%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y11689.5%
OCF growth 3Y7.79%
OCF growth 5Y16.2%