Greystone Housing Impact Investors LP (GHI) vs Velocity Financial, Inc. (VEL)

Greystone Housing Impact Investors LP and Velocity Financial, Inc. are both Mortgage Finance companies. Velocity Financial, Inc. is the larger, with a market value of $584.7M against $115.2M — 5.1× the size. Greystone Housing Impact Investors LP has negative trailing earnings, so its P/E is not meaningful; Velocity Financial, Inc. trades at 5.3×. Velocity Financial, Inc. grew revenue faster over the last twelve months: 32.4% against −13.6%. Velocity Financial, Inc. has the higher net margin (0.00% vs −7.74%) and the lower return on invested capital (0.00% vs 2.87%). Across the 18 metrics below, Velocity Financial, Inc. leads on 10 and Greystone Housing Impact Investors LP on 8.

Valuation

Metric GHI VEL Mortgage Finance median
P/E n/m 5.33 6.65
P/S 1.42 1.82 1.42
P/B 0.44 0.79 0.46
Price to free cash flow 6.57 6.32 6.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (4.83%) 18.76% 2.41%
Free cash flow yield 15.21% 15.83% (19.29%)

Profitability

Metric GHI VEL Mortgage Finance median
Gross margin 97.33% 0.00% 84.40%
Operating margin 69.11% 0.00% 12.51%
Net margin (7.74%) 0.00% (0.83%)
Free cash flow margin 21.65% 0.00% (45.06%)
Return on equity (2.32%) 16.02% (1.16%)
Return on assets (0.44%) 1.47% 0.38%
Return on invested capital 2.87% 0.00% 0.36%

Growth

Metric GHI VEL Mortgage Finance median
Revenue growth (TTM) (13.63%) 32.40% 11.44%
EPS growth (last fiscal year) (168.42%) 43.98% 6.60%
Revenue growth, 5-year CAGR 8.99% 20.68% (11.16%)
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GHI VEL Mortgage Finance median
Debt to equity 3.80 9.29 1.22
Current ratio 8.88 42.53 1.38
Net debt to EBITDA 17.88 28.41 9.85

Dividend

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

Size

Metric GHI VEL Mortgage Finance median
Market cap 115.17m 584.72m 198.15m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack