UWM Holdings
Market Cap
US$11.9b
Last Updated
2021/08/05 23:00 UTC
Data Sources
Company Financials +
Executive Summary
UWM Holdings Corporation engages in the residential mortgage lending business in the United States. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 9.7% per year for the next 3 years
Snowflake Analysis
Solid track record, good value and pays a dividend.
Share Price & News
How has UWM Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UWMC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: UWMC's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-4.1%
UWMC
-1.2%
US Mortgage
0.02%
US Market
1 Year Return
n/a
UWMC
45.4%
US Mortgage
33.2%
US Market
Return vs Industry: Insufficient data to determine how UWMC performed against the US Mortgage industry.
Return vs Market: Insufficient data to determine how UWMC performed against the US Market.
Shareholder returns
| UWMC | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.1% | -1.2% | 0.02% |
| 30 Day | -7.6% | -3.6% | -0.1% |
| 90 Day | 6.6% | -5.9% | 4.1% |
| 1 Year | n/a | 49.7%45.4% | 35.3%33.2% |
| 3 Year | n/a | 23.9%14.6% | 61.4%51.3% |
| 5 Year | n/a | 64.1%40.4% | 122.2%97.7% |
Long-Term Price Volatility Vs. Market
How volatile is UWM Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
UWM Holdings Corporation (NYSE:UWMC) Looks Like A Good Stock, And It's Going Ex-Dividend Soon2 months ago | Simply Wall St
UWM Holdings Corporation (NYSE:UWMC) Analysts Are More Bearish Than They Used To BeValuation
Is UWM Holdings undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: UWMC ($7.42) is trading below our estimate of fair value ($23.23)
Significantly Below Fair Value: UWMC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: UWMC is good value based on its PE Ratio (0.2x) compared to the US Mortgage industry average (11.6x).
PE vs Market: UWMC is good value based on its PE Ratio (0.2x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: UWMC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: UWMC is overvalued based on its PB Ratio (6.8x) compared to the US Mortgage industry average (1x).
Future Growth
How is UWM Holdings forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
-9.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UWMC's earnings are forecast to decline over the next 3 years (-9.7% per year).
Earnings vs Market: UWMC's earnings are forecast to decline over the next 3 years (-9.7% per year).
High Growth Earnings: UWMC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: UWMC's revenue is expected to decline over the next 3 years (-3.1% per year).
High Growth Revenue: UWMC's revenue is forecast to decline over the next 3 years (-3.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: UWMC's Return on Equity is forecast to be very high in 3 years time (41.3%).
Past Performance
How has UWM Holdings performed over the past 5 years?
74.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UWMC has high quality earnings.
Growing Profit Margin: UWMC's current net profit margins (59.4%) are higher than last year (25.1%).
Past Earnings Growth Analysis
Earnings Trend: UWMC's earnings have grown significantly by 74.6% per year over the past 5 years.
Accelerating Growth: UWMC's earnings growth over the past year (749.8%) exceeds its 5-year average (74.6% per year).
Earnings vs Industry: UWMC earnings growth over the past year (749.8%) exceeded the Mortgage industry 40.2%.
Return on Equity
High ROE: Whilst UWMC's Return on Equity (151.98%) is outstanding, this metric is skewed due to their high level of debt.
Financial Health
How is UWM Holdings's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: UWMC's Assets to Equity ratio (3.7x) is low.
Allowance for Bad Loans: Insufficient data to determine if UWMC has a sufficient allowance for bad loans.
Low Risk Liabilities: UWMC reports no customer deposits, 100% of its liabilities are made up of higher risk sources of funding.
Loan Level: Insufficient data to determine if UWMC has an appropriate level of Loans to Assets ratio.
Low Risk Deposits: UWMC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Level of Bad Loans: Insufficient data to determine if UWMC has an appropriate level of bad loans.
Dividend
What is UWM Holdings's current dividend yield, its reliability and sustainability?
5.39%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: UWMC's dividend (5.39%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: UWMC's dividend (5.39%) is in the top 25% of dividend payers in the US market (3.57%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether UWMC's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if UWMC's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (0.3%), UWMC's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: UWMC's dividends in 3 years are forecast to be well covered by earnings (49.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.0yrs
Average management tenure
CEO
Mat Ishbia (41 yo)
8.17yrs
Tenure
US$7,242,280
Compensation
Mr. Mathew R. Ishbia, also known as Mat, serves as Chairman at UWM Holdings Corporation since 2021 and also serves as its President and Chief Executive Officer since June 2013. Mr. Ishbia joined UWM in 200...
CEO Compensation Analysis
Compensation vs Market: Mat's total compensation ($USD7.24M) is below average for companies of similar size in the US market ($USD11.15M).
Compensation vs Earnings: Mat's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: UWMC's management team is seasoned and experienced (6 years average tenure).
Board Members
Experienced Board: UWMC's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: UWMC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: UWMC only recently listed within the past 12 months.
Top Shareholders
Company Information
UWM Holdings Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: UWM Holdings Corporation
- Ticker: UWMC
- Exchange: NYSE
- Founded: 1986
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Implied Market Cap: US$11.925b
- Market Cap: US$765.063m
- Shares outstanding: 1.61b
- Website: https://www.uwm.com
Number of Employees
Location
- UWM Holdings Corporation
- 585 South Boulevard East
- Pontiac
- Michigan
- 48341
- United States
Listings
Biography
UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates mortgage loans through wholesale channel. It originates primarily conforming and g...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/08/05 23:00 |
| End of Day Share Price | 2021/08/05 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.