Greystone Housing Impact Investors LP (GHI) vs UWM Holdings Corporation (UWMC)

Greystone Housing Impact Investors LP and UWM Holdings Corporation are both Mortgage Finance companies. UWM Holdings Corporation is the larger, with a market value of $1.9B against $115.2M — 16.1× the size. UWM Holdings Corporation grew revenue faster over the last twelve months: 3.22% against −13.6%. UWM Holdings Corporation has the higher net margin (−1.66% vs −7.74%) and the lower return on invested capital (1.91% vs 2.87%). Both pay a dividend; UWM Holdings Corporation yields more (28.6% vs 13.5%). Across the 19 metrics below, Greystone Housing Impact Investors LP leads on 11 and UWM Holdings Corporation on 8.

Valuation

Metric GHI UWMC Mortgage Finance median
P/E n/m n/m 6.65
P/S 1.42 0.16 1.42
P/B 0.44 0.36 0.46
Price to free cash flow 6.57 n/m 6.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (4.83%) (7.62%) 2.41%
Free cash flow yield 15.21% (928.07%) (19.29%)

Profitability

Metric GHI UWMC Mortgage Finance median
Gross margin 97.33% 81.01% 84.40%
Operating margin 69.11% 20.72% 12.51%
Net margin (7.74%) (1.66%) (0.83%)
Free cash flow margin 21.65% (147.01%) (45.06%)
Return on equity (2.32%) (2.72%) (1.16%)
Return on assets (0.44%) (0.23%) 0.38%
Return on invested capital 2.87% 1.91% 0.36%

Growth

Metric GHI UWMC Mortgage Finance median
Revenue growth (TTM) (13.63%) 3.22% 11.44%
EPS growth (last fiscal year) (168.42%) (7.69%) 6.60%
Revenue growth, 5-year CAGR 8.99% (13.42%) (11.16%)
Net income growth, 5-year CAGR 0.00% (61.84%) 0.00%

Health

Metric GHI UWMC Mortgage Finance median
Debt to equity 3.80 14.86 1.22
Current ratio 8.88 1.64 1.38
Net debt to EBITDA 17.88 15.25 9.85

Dividend

Metric GHI UWMC Mortgage Finance median
Dividend yield 13.48% 28.57% 8.31%
Payout ratio — — —

Size

Metric GHI UWMC Mortgage Finance median
Market cap 115.17m 1.85b 198.15m

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