CNFinance Holdings Limited Sponsored ADR (CNF) vs Greystone Housing Impact Investors LP (GHI)

CNFinance Holdings Limited Sponsored ADR and Greystone Housing Impact Investors LP are both Mortgage Finance companies. Greystone Housing Impact Investors LP is the larger, with a market value of $135.2M against $12.8M — 10.5× the size. Greystone Housing Impact Investors LP has negative trailing earnings, so its P/E is not meaningful; CNFinance Holdings Limited Sponsored ADR trades at 0.6×. CNFinance Holdings Limited Sponsored ADR grew revenue faster over the last twelve months: −7.19% against −13.6%. CNFinance Holdings Limited Sponsored ADR has the higher net margin (8.88% vs −7.74%) and the lower return on invested capital (0.00% vs 2.87%). Across the 19 metrics below, CNFinance Holdings Limited Sponsored ADR leads on 13 and Greystone Housing Impact Investors LP on 6.

Valuation

Metric CNF GHI Mortgage Finance median
P/E 0.58 n/m 7.11
P/S 0.05 1.68 1.54
P/B 0.03 0.52 0.53
Price to free cash flow 0.04 7.74 6.59
EV/EBITDA n/m 17.18 22.03
EV/Sales 1.56 13.50 5.95
Earnings yield 172.59% (4.10%) 2.09%
Free cash flow yield 2,281.46% 12.92% (16.97%)

Profitability

Metric CNF GHI Mortgage Finance median
Gross margin 61.00% 97.33% 84.40%
Operating margin 0.00% 69.11% 12.51%
Net margin 8.88% (7.74%) (0.83%)
Free cash flow margin 0.00% 21.65% (45.06%)
Return on equity 0.00% (2.32%) (1.16%)
Return on assets 0.00% (0.44%) 0.38%
Return on invested capital 0.00% 2.87% 0.36%

Growth

Metric CNF GHI Mortgage Finance median
Revenue growth (TTM) (7.19%) (13.63%) 11.44%
EPS growth (last fiscal year) (1,282.50%) (168.42%) —
Revenue growth, 5-year CAGR (19.48%) 8.99% (11.16%)
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CNF GHI Mortgage Finance median
Debt to equity 0.95 3.80 1.22
Current ratio 1,057.43 8.88 1.38
Net debt to EBITDA 0.00 17.88 9.85

Dividend

Metric CNF GHI Mortgage Finance median
Dividend yield — 8.88% 5.81%
Payout ratio 0.00 0.49 0.00

Size

Metric CNF GHI Mortgage Finance median
Market cap 12.83m 135.18m 214.95m

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