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UMH PROPERTIES INC (UMH) Stock Fundamental Analysis

NYSE:UMH - New York Stock Exchange, Inc. - US9030021037 - REIT

18.55  +0.27 (+1.48%)

After market: 18.55 0 (0%)

Fundamental Rating

4

Taking everything into account, UMH scores 4 out of 10 in our fundamental rating. UMH was compared to 20 industry peers in the Residential REITs industry. UMH has an average financial health and profitability rating. While showing a medium growth rate, UMH is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

UMH had positive earnings in the past year.
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.
UMH Yearly Net Income VS EBIT VS OCF VS FCFUMH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M 100M -100M

1.2 Ratios

Looking at the Return On Assets, with a value of 0.62%, UMH is in line with its industry, outperforming 50.00% of the companies in the same industry.
The Return On Equity of UMH (1.08%) is comparable to the rest of the industry.
With a Return On Invested Capital value of 2.31%, UMH perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
UMH had an Average Return On Invested Capital over the past 3 years of 2.09%. This is in line with the industry average of 2.61%.
The 3 year average ROIC (2.09%) for UMH is below the current ROIC(2.31%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.62%
ROE 1.08%
ROIC 2.31%
ROA(3y)-0.55%
ROA(5y)-0.82%
ROE(3y)-1.66%
ROE(5y)-2.09%
ROIC(3y)2.09%
ROIC(5y)1.99%
UMH Yearly ROA, ROE, ROICUMH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -5 -10

1.3 Margins

The Profit Margin of UMH (3.94%) is comparable to the rest of the industry.
UMH has a Operating Margin (18.30%) which is in line with its industry peers.
UMH's Operating Margin has improved in the last couple of years.
The Gross Margin of UMH (54.49%) is worse than 80.00% of its industry peers.
UMH's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 18.3%
PM (TTM) 3.94%
GM 54.49%
OM growth 3Y-0.67%
OM growth 5Y3.39%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.67%
GM growth 5Y1.38%
UMH Yearly Profit, Operating, Gross MarginsUMH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40

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5

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.
UMH Yearly Shares OutstandingUMH Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
UMH Yearly Total Debt VS Total AssetsUMH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B

2.2 Solvency

Based on the Altman-Z score of 1.65, we must say that UMH is in the distress zone and has some risk of bankruptcy.
UMH has a Altman-Z score of 1.65. This is in the better half of the industry: UMH outperforms 75.00% of its industry peers.
UMH has a Debt/Equity ratio of 0.72. This is a neutral value indicating UMH is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.72, UMH is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF N/A
Altman-Z 1.65
ROIC/WACC0.31
WACC7.46%
UMH Yearly LT Debt VS Equity VS FCFUMH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M

2.3 Liquidity

A Current Ratio of 3.70 indicates that UMH has no problem at all paying its short term obligations.
UMH has a Current ratio of 3.70. This is amongst the best in the industry. UMH outperforms 95.00% of its industry peers.
A Quick Ratio of 2.59 indicates that UMH has no problem at all paying its short term obligations.
UMH's Quick ratio of 2.59 is amongst the best of the industry. UMH outperforms 95.00% of its industry peers.
Industry RankSector Rank
Current Ratio 3.7
Quick Ratio 2.59
UMH Yearly Current Assets VS Current LiabilitesUMH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 153.06% over the past year.
Looking at the last year, UMH shows a quite strong growth in Revenue. The Revenue has grown by 10.80% in the last year.
Measured over the past years, UMH shows a quite strong growth in Revenue. The Revenue has been growing by 11.26% on average per year.
EPS 1Y (TTM)153.06%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%222.22%
Revenue 1Y (TTM)10.8%
Revenue growth 3Y10.53%
Revenue growth 5Y11.26%
Sales Q2Q%8.26%

3.2 Future

Based on estimates for the next years, UMH will show a very strong growth in Earnings Per Share. The EPS will grow by 54.44% on average per year.
The Revenue is expected to grow by 6.11% on average over the next years.
EPS Next Y122.44%
EPS Next 2Y85.68%
EPS Next 3Y54.44%
EPS Next 5YN/A
Revenue Next Year8.5%
Revenue Next 2Y8.14%
Revenue Next 3Y6.11%
Revenue Next 5YN/A

3.3 Evolution

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.
UMH Yearly Revenue VS EstimatesUMH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M 250M
UMH Yearly EPS VS EstimatesUMH Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 -0.5 -1

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2

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 142.69 indicates a quite expensive valuation of UMH.
Compared to the rest of the industry, the Price/Earnings ratio of UMH indicates a slightly more expensive valuation: UMH is more expensive than 60.00% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of UMH to the average of the S&P500 Index (28.29), we can say UMH is valued expensively.
The Price/Forward Earnings ratio is 85.42, which means the current valuation is very expensive for UMH.
UMH's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.44, UMH is valued quite expensively.
Industry RankSector Rank
PE 142.69
Fwd PE 85.42
UMH Price Earnings VS Forward Price EarningsUMH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100

4.2 Price Multiples

60.00% of the companies in the same industry are cheaper than UMH, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 19.72
UMH Per share dataUMH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

UMH's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
UMH's earnings are expected to grow with 54.44% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.17
PEG (5Y)N/A
EPS Next 2Y85.68%
EPS Next 3Y54.44%

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5

5. Dividend

5.1 Amount

UMH has a Yearly Dividend Yield of 4.72%, which is a nice return.
UMH's Dividend Yield is a higher than the industry average which is at 4.29.
Compared to an average S&P500 Dividend Yield of 2.28, UMH pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.72%

5.2 History

The dividend of UMH decreases each year by -1.45%.
UMH has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of UMH decreased recently.
Dividend Growth(5Y)-1.45%
Div Incr Years1
Div Non Decr Years1
UMH Yearly Dividends per shareUMH Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6 0.8

5.3 Sustainability

803.76% of the earnings are spent on dividend by UMH. This is not a sustainable payout ratio.
DP803.76%
EPS Next 2Y85.68%
EPS Next 3Y54.44%
UMH Yearly Income VS Free CF VS DividendUMH Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M -100M
UMH Dividend Payout.UMH Dividend Payout, showing the Payout Ratio.UMH Dividend Payout.PayoutRetained Earnings

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UMH PROPERTIES INC

NYSE:UMH (1/21/2025, 8:04:00 PM)

After market: 18.55 0 (0%)

18.55

+0.27 (+1.48%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)11-06 2024-11-06/amc
Earnings (Next)N/A N/A
Inst Owners71.12%
Inst Owner Change-0.04%
Ins Owners5.81%
Ins Owner Change2.07%
Market Cap1.46B
Analysts78.46
Price Target22.25 (19.95%)
Short Float %2.68%
Short Ratio4.17
Dividend
Industry RankSector Rank
Dividend Yield 4.72%
Yearly Dividend1.05
Dividend Growth(5Y)-1.45%
DP803.76%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)215.92%
Min EPS beat(2)65.02%
Max EPS beat(2)366.83%
EPS beat(4)3
Avg EPS beat(4)1236.46%
Min EPS beat(4)-536.49%
Max EPS beat(4)5050.5%
EPS beat(8)4
Avg EPS beat(8)413.63%
EPS beat(12)5
Avg EPS beat(12)243.19%
EPS beat(16)8
Avg EPS beat(16)274.38%
Revenue beat(2)0
Avg Revenue beat(2)-2.17%
Min Revenue beat(2)-2.89%
Max Revenue beat(2)-1.45%
Revenue beat(4)2
Avg Revenue beat(4)-0.26%
Min Revenue beat(4)-2.89%
Max Revenue beat(4)2.18%
Revenue beat(8)3
Avg Revenue beat(8)-0.85%
Revenue beat(12)5
Avg Revenue beat(12)0.22%
Revenue beat(16)9
Avg Revenue beat(16)3.41%
PT rev (1m)0%
PT rev (3m)1.12%
EPS NQ rev (1m)0%
EPS NQ rev (3m)41.04%
EPS NY rev (1m)0%
EPS NY rev (3m)211.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.05%
Revenue NY rev (1m)-3.47%
Revenue NY rev (3m)1.23%
Valuation
Industry RankSector Rank
PE 142.69
Fwd PE 85.42
P/S 6.21
P/FCF N/A
P/OCF 17.41
P/B 1.71
P/tB 1.71
EV/EBITDA 19.72
EPS(TTM)0.13
EY0.7%
EPS(NY)0.22
Fwd EY1.17%
FCF(TTM)-0.55
FCFYN/A
OCF(TTM)1.07
OCFY5.75%
SpS2.99
BVpS10.86
TBVpS10.86
PEG (NY)1.17
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.62%
ROE 1.08%
ROCE 2.93%
ROIC 2.31%
ROICexc 2.42%
ROICexgc 2.54%
OM 18.3%
PM (TTM) 3.94%
GM 54.49%
FCFM N/A
ROA(3y)-0.55%
ROA(5y)-0.82%
ROE(3y)-1.66%
ROE(5y)-2.09%
ROIC(3y)2.09%
ROIC(5y)1.99%
ROICexc(3y)2.2%
ROICexc(5y)2.07%
ROICexgc(3y)2.25%
ROICexgc(5y)2.11%
ROCE(3y)2.64%
ROCE(5y)2.52%
ROICexcg growth 3Y1.24%
ROICexcg growth 5Y5.48%
ROICexc growth 3Y1.07%
ROICexc growth 5Y5.18%
OM growth 3Y-0.67%
OM growth 5Y3.39%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.67%
GM growth 5Y1.38%
F-Score8
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF N/A
Debt/EBITDA 6.03
Cap/Depr 216.05%
Cap/Sales 53.98%
Interest Coverage 1.36
Cash Conversion 82.43%
Profit Quality N/A
Current Ratio 3.7
Quick Ratio 2.59
Altman-Z 1.65
F-Score8
WACC7.46%
ROIC/WACC0.31
Cap/Depr(3y)234.86%
Cap/Depr(5y)234.84%
Cap/Sales(3y)58.38%
Cap/Sales(5y)58.8%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)153.06%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%222.22%
EPS Next Y122.44%
EPS Next 2Y85.68%
EPS Next 3Y54.44%
EPS Next 5YN/A
Revenue 1Y (TTM)10.8%
Revenue growth 3Y10.53%
Revenue growth 5Y11.26%
Sales Q2Q%8.26%
Revenue Next Year8.5%
Revenue Next 2Y8.14%
Revenue Next 3Y6.11%
Revenue Next 5YN/A
EBIT growth 1Y27.5%
EBIT growth 3Y9.79%
EBIT growth 5Y15.02%
EBIT Next Year226.36%
EBIT Next 3Y56.26%
EBIT Next 5YN/A
FCF growth 1Y37.8%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y250.51%
OCF growth 3Y21.56%
OCF growth 5Y24.48%