loanDepot, Inc. (LDI) vs UWM Holdings Corporation (UWMC)

loanDepot, Inc. and UWM Holdings Corporation are both Mortgage Finance companies. UWM Holdings Corporation is the larger, with a market value of $1.9B against $191.7M — 9.6× the size. loanDepot, Inc. grew revenue faster over the last twelve months: 11.4% against 3.22%. UWM Holdings Corporation has the higher net margin (−1.66% vs −5.52%) and the higher return on invested capital (1.91% vs 0.72%). Across the 18 metrics below, UWM Holdings Corporation leads on 11 and loanDepot, Inc. on 7.

Valuation

Metric LDI UWMC Mortgage Finance median
P/E n/m n/m 6.65
P/S 0.10 0.16 1.42
P/B 0.37 0.36 0.46
Price to free cash flow n/m n/m 6.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (56.60%) (7.62%) 2.41%
Free cash flow yield (208.31%) (928.07%) (19.29%)

Profitability

Metric LDI UWMC Mortgage Finance median
Gross margin 87.54% 81.01% 84.40%
Operating margin 5.49% 20.72% 12.51%
Net margin (5.52%) (1.66%) (0.83%)
Free cash flow margin (20.34%) (147.01%) (45.06%)
Return on equity (17.97%) (2.72%) (1.16%)
Return on assets (1.08%) (0.23%) 0.38%
Return on invested capital 0.72% 1.91% 0.36%

Growth

Metric LDI UWMC Mortgage Finance median
Revenue growth (TTM) 11.44% 3.22% 11.44%
EPS growth (last fiscal year) 43.40% (7.69%) 6.60%
Revenue growth, 5-year CAGR (22.71%) (13.42%) (11.16%)
Net income growth, 5-year CAGR 0.00% (61.84%) 0.00%

Health

Metric LDI UWMC Mortgage Finance median
Debt to equity 17.94 14.86 1.22
Current ratio 1.11 1.64 1.38
Net debt to EBITDA 48.55 15.25 9.85

Dividend

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

Size

Metric LDI UWMC Mortgage Finance median
Market cap 191.74m 1.85b 198.15m

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