OTCPK:UDFI

Stock Analysis Report

Executive Summary

United Development Funding IV invests in secured loans for the acquisition and development of land into single-family home lots, and the construction of model and new single-family homes.

Snowflake

Fundamentals

Slightly overvalued unattractive dividend payer.


Similar Companies

Share Price & News

How has United Development Funding IV's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-7.4%

UDFI

0.6%

US Mortgage REITs

2.3%

US Market


1 Year Return

-21.9%

UDFI

-4.0%

US Mortgage REITs

5.6%

US Market

Return vs Industry: UDFI underperformed the US Mortgage REITs industry which returned -4% over the past year.

Return vs Market: UDFI underperformed the US Market which returned 5.6% over the past year.


Shareholder returns

UDFIIndustryMarket
7 Day-7.4%0.6%2.3%
30 Day-27.7%0.3%-1.0%
90 Day-22.9%-1.6%-0.7%
1 Year-21.9%-21.9%6.8%-4.0%7.9%5.6%
3 Year107.6%102.5%39.1%0.4%45.6%36.3%
5 Year-80.9%-83.6%54.8%-11.1%65.8%47.6%

Price Volatility Vs. Market

How volatile is United Development Funding IV's share price compared to the market and industry in the last 5 years?


Simply Wall St News

1 year ago | Simply Wall St

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Valuation

Is United Development Funding IV undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: UDFI ($3.24) is trading below our estimate of fair value ($11.87)

Significantly Undervalued: UDFI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: Insufficient data to calculate UDFI's PE Ratio to determine if it is good value compared to the Mortgage REITs industry average.

PE vs Market: Insufficient data to calculate UDFI's PE Ratio to determine if it is good value compared to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate UDFI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: Insufficient data to calculate UDFI's PB Ratio to determine if it is good value.


Next Steps

Future Growth

How is United Development Funding IV forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

46.4%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as United Development Funding IV has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of UDFI’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access United Development Funding IV's filings and announcements here.
  • Explore growth companies in the Diversified Financials industry.

Past Performance

How has United Development Funding IV performed over the past 5 years?

10.1%

Historical Diversified Financials annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, United Development Funding IV has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

Financial Health

How is United Development Funding IV's financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse United Development Funding IV's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. United Development Funding IV has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of UDFI’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when United Development Funding IV's financial data was last updated here.
  • Explore more healthy companies in the Diversified Financials industry.

Dividend

What is United Development Funding IV's current dividend yield, its reliability and sustainability?

24.07%

Current Dividend Yield


Dividend Yield vs Market

company24.1%marketbottom25%1.5%markettop25%3.8%industryaverage10.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: UDFI's dividend (24.07%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: UDFI's dividend (24.07%) is in the top 25% of dividend payers in the US market (3.76%)

Stable Dividend: UDFI has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: UDFI has only been paying a dividend for 5 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of United Development Funding IV's salary, the management and board of directors tenure and is there insider trading?

11.4yrs

Average management tenure


CEO

Hollis Greenlaw (54yo)

11.4yrs

Tenure

0

Mr. Hollis M. Greenlaw has served as Chief Executive Officer and Chairman of the Board of United Development Funding Income Fund V (the “Company”) since its formation in October 2013. Mr. Greenlaw has also ...


Management Age and Tenure

11.4yrs

Average Tenure

54yo

Average Age

Experienced Management: UDFI's management team is seasoned and experienced (11.4 years average tenure).


Board Age and Tenure

11.2yrs

Average Tenure

69yo

Average Age

Experienced Board: UDFI's board of directors are seasoned and experienced ( 11.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Todd Etter (69yo)

    Chairman & Partner of UMT Holdings

    • Tenure: 0yrs
  • Mike Wilson (56yo)

    Director of UMT Services & Partner of UMT Holdings

    • Tenure: 0yrs
  • Cara Obert (49yo)

    Chief Financial Officer and Treasurer

    • Tenure: 11.4yrs
  • Hollis Greenlaw (54yo)

    Chairman & CEO

    • Tenure: 11.4yrs
  • Ben Wissink (37yo)

    President UMTH Land Development LP & Partner of UMT Holdings

    • Tenure: 8.3yrs
  • Donna Lawson

    Secretary

    • Tenure: 0yrs
  • Brandon Jester

    Director of Asset Management & UMTCH Land Development

    • Tenure: 0yrs

Board Members

  • Lawrence Jones (72yo)

    • Tenure: 0.2yrs
  • Phillip Marshall (70yo)

    Independent Trustee

    • Tenure: 11.2yrs
    • Compensation: US$103.00k
  • Todd Etter (69yo)

    Chairman & Partner of UMT Holdings

    • Tenure: 0yrs
  • Hollis Greenlaw (54yo)

    Chairman & CEO

    • Tenure: 11.4yrs
  • Steven Finkle (69yo)

    Independent Trustee

    • Tenure: 11.2yrs
    • Compensation: US$101.00k
  • J. Malone (52yo)

    Independent Trustee

    • Tenure: 11.2yrs
    • Compensation: US$101.00k

Company Information

United Development Funding IV's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: United Development Funding IV
  • Ticker: UDFI
  • Exchange: OTCPK
  • Founded: 2008
  • Industry: Mortgage REITs
  • Sector: Diversified Financials
  • Market Cap: US$99.422m
  • Shares outstanding: 30.69m
  • Website: https://www.udfiv.com

Number of Employees


Location

  • United Development Funding IV
  • 1301 Municipal Way
  • Suite 200
  • Grapevine
  • Texas
  • 76051
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UDFIOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 2014

Biography

United Development Funding IV invests in secured loans for the acquisition and development of land into single-family home lots, and the construction of model and new single-family homes. It also makes equ ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 00:19
End of Day Share Price2019/10/16 00:00
Earnings2015/09/30
Annual Earnings2014/12/31


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.