We’ve recently updated our valuation analysis.

UMH Properties Valuation

Is UMH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for UMH?

Other financial metrics that can be useful for relative valuation.

UMH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue10x
Enterprise Value/EBITDA23.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does UMH's PS Ratio compare to its peers?

The above table shows the PS ratio for UMH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average4.6x
CSR Centerspace
4.1x6.5%US$1.1b
NXRT NexPoint Residential Trust
5.1x5.0%US$1.3b
ELME Elme Communities
8.5x5.0%US$1.7b
CLPR Clipper Realty
0.9x8.6%US$294.9m
UMH UMH Properties
5.4x7.8%US$1.0b

Price-To-Sales vs Peers: UMH is expensive based on its Price-To-Sales Ratio (5.4x) compared to the peer average (4.6x).


Price to Earnings Ratio vs Industry

How does UMH's PE Ratio compare vs other companies in the US REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.3%
n/an/an/a

Price-To-Sales vs Industry: UMH is expensive based on its Price-To-Sales Ratio (5.4x) compared to the US REITs industry average (5x)


Price to Sales Ratio vs Fair Ratio

What is UMH's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

UMH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.4x
Fair PS Ratio2.7x

Price-To-Sales vs Fair Ratio: UMH is expensive based on its Price-To-Sales Ratio (5.4x) compared to the estimated Fair Price-To-Sales Ratio (2.7x).


Share Price vs Fair Value

What is the Fair Price of UMH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: UMH ($17.92) is trading below our estimate of fair value ($20.58)

Significantly Below Fair Value: UMH is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst UMH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$17.92
US$20.88
+16.5%
4.4%US$22.00US$19.00n/a8
Jan ’24US$16.10
US$21.44
+33.2%
9.7%US$26.50US$19.00n/a8
Dec ’23US$17.41
US$21.50
+23.5%
10.3%US$26.50US$19.00n/a7
Nov ’23US$17.51
US$24.00
+37.1%
13.4%US$28.00US$19.00n/a7
Oct ’23US$16.15
US$25.00
+54.8%
9.9%US$28.00US$22.00n/a6
Sep ’23US$17.86
US$25.00
+40.0%
9.9%US$28.00US$22.00n/a6
Aug ’23US$20.98
US$26.50
+26.3%
8.9%US$30.00US$22.00n/a8
Jul ’23US$18.25
US$26.50
+45.2%
8.9%US$30.00US$22.00n/a8
Jun ’23US$19.74
US$26.94
+36.5%
9.8%US$30.00US$22.00n/a8
May ’23US$23.52
US$28.19
+19.8%
4.3%US$30.00US$27.00n/a8
Apr ’23US$24.75
US$28.19
+13.9%
4.3%US$30.00US$27.00n/a8
Mar ’23US$22.88
US$28.06
+22.7%
4.9%US$30.00US$26.00n/a8
Feb ’23US$23.60
US$28.19
+19.4%
6.4%US$31.00US$26.00US$17.928
Jan ’23US$27.33
US$28.50
+4.3%
6.0%US$31.00US$26.00US$16.107
Dec ’22US$22.69
US$28.50
+25.6%
6.0%US$31.00US$26.00US$17.417
Nov ’22US$24.26
US$27.79
+14.5%
5.9%US$30.00US$25.00US$17.517
Oct ’22US$23.40
US$27.79
+18.7%
5.9%US$30.00US$25.00US$16.157
Sep ’22US$23.80
US$27.79
+16.7%
5.9%US$30.00US$25.00US$17.867
Aug ’22US$23.28
US$25.50
+9.5%
6.3%US$28.00US$23.00US$20.986
Jul ’22US$21.93
US$25.50
+16.3%
6.3%US$28.00US$23.00US$18.256
Jun ’22US$21.51
US$24.83
+15.5%
9.4%US$28.00US$21.00US$19.746
May ’22US$21.53
US$22.67
+5.3%
6.6%US$25.00US$21.00US$23.526
Apr ’22US$19.54
US$22.57
+15.5%
6.2%US$25.00US$21.00US$24.757
Mar ’22US$17.07
US$17.67
+3.5%
8.6%US$20.00US$15.50US$22.886
Feb ’22US$15.05
US$17.67
+17.4%
8.6%US$20.00US$15.50US$23.606

Analyst Forecast: Target price is less than 20% higher than the current share price.


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