OTCPK:MHPC

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Manufactured Housing Properties

Executive Summary

Manufactured Housing Properties Inc. acquires, owns, and operates manufactured housing communities.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has Manufactured Housing Properties's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MHPC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

46.7%

MHPC

2.1%

US Real Estate

1.7%

US Market


1 Year Return

n/a

MHPC

-18.1%

US Real Estate

8.5%

US Market

Return vs Industry: Insufficient data to determine how MHPC performed against the US Real Estate industry.

Return vs Market: Insufficient data to determine how MHPC performed against the US Market.


Shareholder returns

MHPCIndustryMarket
7 Day46.7%2.1%1.7%
30 Day266.7%10.6%9.5%
90 Day331.3%-27.1%0.1%
1 Yearn/a-17.5%-18.1%11.0%8.5%
3 Yearn/a-17.9%-19.8%32.2%23.5%
5 Yearn/a-24.4%-26.7%58.6%40.8%

Price Volatility Vs. Market

How volatile is Manufactured Housing Properties's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Manufactured Housing Properties undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Manufactured Housing Properties is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Manufactured Housing Properties has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of MHPC’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.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Manufactured Housing Properties regulatory filings here.
  • Explore potentially undervalued companies in the Real Estate industry.

Future Growth

How is Manufactured Housing Properties forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.3%

Forecasted Real Estate 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 Manufactured Housing Properties 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 MHPC’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 Manufactured Housing Properties's filings and announcements here.
  • Explore growth companies in the Real Estate industry.

Past Performance

How has Manufactured Housing Properties performed over the past 5 years?

-58.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MHPC is currently unprofitable.

Growing Profit Margin: MHPC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MHPC is unprofitable, and losses have increased over the past 5 years at a rate of -58.6% per year.

Accelerating Growth: Unable to compare MHPC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MHPC is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-6.4%).


Return on Equity

High ROE: MHPC has a negative Return on Equity (-25.92%), as it is currently unprofitable.


Next Steps

Financial Health

How is Manufactured Housing Properties's financial position?


Financial Position Analysis

Short Term Liabilities: MHPC's short term assets ($2.8M) exceed its short term liabilities ($2.0M).

Long Term Liabilities: MHPC's short term assets ($2.8M) do not cover its long term liabilities ($32.9M).


Debt to Equity History and Analysis

Debt Level: MHPC's debt to equity ratio (521.9%) is considered high.

Reducing Debt: Insufficient data to determine if MHPC's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MHPC has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: MHPC has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 70.5% each year


Next Steps

Dividend

What is Manufactured Housing Properties's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MHPC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MHPC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MHPC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MHPC's dividend payments have been increasing.


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: No need to calculate the sustainability of MHPC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Ray Gee (57yo)

2.67yrs

Tenure

US$2,700

Compensation

Mr. Raymond M. Gee, also known as Ray, has been Chairman & Chief Executive Officer of Manufactured Housing Properties, Inc. since October 2017. He Served as President at Manufactured Housing Properties Inc ...


Leadership Team

NamePositionTenureCompensationOwnership
Raymond Gee
Chairman & CEO2.67yrsUS$2.70k16.37% $4.4m
Michael Anise
President2.75yrsUS$157.93k0.16% $44.0k
Adam Martin
Chief Investment Officer2.67yrsUS$130.00kno data
Andrew Coatley
Chief Operating Officer1.42yrsno datano data
Janalyn Bailey
Accounting Managerno datano datano data

2.0yrs

Average Tenure

44yo

Average Age

Experienced Management: MHPC's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Raymond Gee
Chairman & CEO2.67yrsUS$2.70k16.37% $4.4m
Michael Anise
President2.75yrsUS$157.93k0.16% $44.0k
James Johnson
Independent Director2.25yrsUS$2.70k0.16% $44.0k
William Carter
Independent Director2.25yrsUS$2.70k0.16% $44.0k
Terry Robertson
Independent Director1.5yrsUS$2.70k0.16% $44.0k

2.3yrs

Average Tenure

57yo

Average Age

Experienced Board: MHPC's board of directors are not considered experienced ( 2.3 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Manufactured Housing Properties Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Manufactured Housing Properties Inc.
  • Ticker: MHPC
  • Exchange: OTCPK
  • Founded: 2016
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: US$27.153m
  • Shares outstanding: 12.34m
  • Website: https://www.mhproperties.com

Number of Employees


Location

  • Manufactured Housing Properties Inc.
  • 136 Main Street
  • Pineville
  • North Carolina
  • 28134
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MHPCOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2017

Biography

Manufactured Housing Properties Inc. acquires, owns, and operates manufactured housing communities. As of December 31, 2018, the company owned and operated 7 manufactured housing communities containing approximately 440 developed sites located in North Carolina, South Carolina, and Tennessee. Manufactured Housing Properties Inc.was founded in 2016 and is based in Pineville, North Carolina. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/03 05:05
End of Day Share Price2020/06/01 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.