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UMH PROPERTIES INC (UMH) Stock Fundamental Analysis

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

17.65  +0.01 (+0.06%)

After market: 17.65 0 (0%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to UMH. 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.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year UMH was profitable.
In the past year UMH had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: UMH reported negative net income in multiple 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

The Return On Assets of UMH (0.62%) is comparable to the rest of the industry.
With a Return On Equity value of 1.08%, UMH perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
UMH has a Return On Invested Capital (2.31%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for UMH 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.
The Operating Margin of UMH (18.30%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of UMH has grown nicely.
UMH has a worse Gross Margin (54.49%) 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.
Compared to 1 year ago, UMH has more shares outstanding
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 1.58, 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 1.58, UMH is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
A Debt/Equity ratio of 0.72 indicates that UMH is somewhat dependend on debt financing.
UMH has a Debt to Equity ratio of 0.72. This is in the better half of the industry: UMH outperforms 80.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF N/A
Altman-Z 1.58
ROIC/WACC0.32
WACC7.28%
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.
With an excellent Current ratio value of 3.70, UMH belongs to the best of the industry, outperforming 95.00% of the companies in the same industry.
UMH has a Quick Ratio of 2.59. This indicates that UMH is financially healthy and has no problem in meeting 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.
The Revenue has grown by 10.80% in the past year. This is quite good.
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 55.83% on average per year.
UMH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.07% yearly.
EPS Next Y122.44%
EPS Next 2Y86.58%
EPS Next 3Y55.83%
EPS Next 5YN/A
Revenue Next Year12.33%
Revenue Next 2Y10.1%
Revenue Next 3Y6.07%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

With a Price/Earnings ratio of 135.77, UMH can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of UMH indicates a slightly more expensive valuation: UMH is more expensive than 65.00% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 29.63. UMH is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 79.43 indicates a quite expensive valuation of UMH.
UMH's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.68. UMH is valued rather expensively when compared to this.
Industry RankSector Rank
PE 135.77
Fwd PE 79.43
UMH Price Earnings VS Forward Price EarningsUMH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, UMH is valued a bit cheaper than the industry average as 65.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 19.02
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

The 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 55.83% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.11
PEG (5Y)N/A
EPS Next 2Y86.58%
EPS Next 3Y55.83%

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5

5. Dividend

5.1 Amount

UMH has a Yearly Dividend Yield of 4.88%, which is a nice return.
UMH's Dividend Yield is a higher than the industry average which is at 4.25.
UMH's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
Industry RankSector Rank
Dividend Yield 4.88%

5.2 History

The dividend of UMH decreases each year by -1.45%.
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)-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 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

UMH pays out 803.76% of its income as dividend. This is not a sustainable payout ratio.
DP803.76%
EPS Next 2Y86.58%
EPS Next 3Y55.83%
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 (2/21/2025, 8:04:00 PM)

After market: 17.65 0 (0%)

17.65

+0.01 (+0.06%)

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)02-26 2025-02-26/amc
Inst Owners84.54%
Inst Owner Change10.96%
Ins Owners5.73%
Ins Owner Change2.12%
Market Cap1.39B
Analysts78.46
Price Target22.25 (26.06%)
Short Float %2.13%
Short Ratio3.6
Dividend
Industry RankSector Rank
Dividend Yield 4.88%
Yearly Dividend1.05
Dividend Growth(5Y)-1.45%
DP803.76%
Div Incr Years1
Div Non Decr Years1
Ex-Date02-18 2025-02-18 (0.215)
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)-4.55%
EPS NQ rev (3m)16.67%
EPS NY rev (1m)0%
EPS NY rev (3m)217.65%
Revenue NQ rev (1m)-0.26%
Revenue NQ rev (3m)3.4%
Revenue NY rev (1m)3.53%
Revenue NY rev (3m)4.17%
Valuation
Industry RankSector Rank
PE 135.77
Fwd PE 79.43
P/S 5.91
P/FCF N/A
P/OCF 16.56
P/B 1.63
P/tB 1.63
EV/EBITDA 19.02
EPS(TTM)0.13
EY0.74%
EPS(NY)0.22
Fwd EY1.26%
FCF(TTM)-0.55
FCFYN/A
OCF(TTM)1.07
OCFY6.04%
SpS2.99
BVpS10.86
TBVpS10.86
PEG (NY)1.11
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 1.58
F-Score8
WACC7.28%
ROIC/WACC0.32
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 2Y86.58%
EPS Next 3Y55.83%
EPS Next 5YN/A
Revenue 1Y (TTM)10.8%
Revenue growth 3Y10.53%
Revenue growth 5Y11.26%
Sales Q2Q%8.26%
Revenue Next Year12.33%
Revenue Next 2Y10.1%
Revenue Next 3Y6.07%
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%