Also trades as: UMH-PC (NYSE) · $vol 1M · UMH-PD (NYSE) · $vol 0M · UMH.TA (TLV) · $vol 0M

$15.41

+0.08 (+0.52%)

Weekly Expected Move ±2.1%

$15 $15 $15 $16 $16

NYSE · Real Estate · REIT - Residential · Tech Score Strong Sell · Power 36 · $1.3B mcap · 80M float · 0.820% daily turnover · Short 57% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE

46.4 / 100

NoneWeakNarrowWide

Primary source: Cost Advantage · ROIC: 3.0% · 5Y Avg: 1.5%

Cost Advantage ★

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. UMH shows a Weak competitive edge (46.4/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Cost Advantage. ROIC of 3.0% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$18

Low

$18

Avg Target

$18

High

Based on 1 analyst since Aug 5, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 13Hold: 2Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$17.75

Analysts2

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-08-06	Industrial Alliance Securities	—	Initiated	$18	—	+18.4%	$15.20
2026-07-09	Odeon Capital Group LLC	Alex Arnold	Initiated	$18	—	+14.2%	$15.33
2026-01-05	Cantor Fitzgerald	—	$15	$16	+1	+0.3%	$15.96
2025-12-03	Colliers Securities	—	Initiated	$17	—	+13.3%	$15.01
2025-10-01	Cantor Fitzgerald	Richard Anderson	Initiated	$15	—	+1.0%	$14.85
2025-05-05	Maxim Group	Michael Diana	Initiated	$20	—	+18.5%	$17.30
2024-08-15	B.Riley Financial	John Massocca	$18	$22	+4	+15.6%	$19.46
2024-08-08	Wedbush	Richard Anderson	$17	$20	+3	+5.3%	$19.00
2024-03-25	Wedbush	Richard Anderson	Initiated	$17	—	+7.1%	$15.88
2024-03-21	B.Riley Financial	John Massocca	Initiated	$18	—	+13.8%	$16.26
2022-10-12	Wolfe Research	Keegan Carl	Initiated	$19	—	+19.9%	$15.85

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. UMH receives an overall rating of B. Strongest factors: DCF (5/5), ROA (4/5). Areas of concern: D/E (1/5), P/E (1/5).

Rating Change History

Date	From	To
2026-10-01	B-	B
2026-09-30	B	B-
2026-09-28	B-	B
2026-09-14	B	B-
2026-09-02	B-	B
2026-08-17	B	B-
2026-08-10	B-	B
2026-07-01	B	B-
2026-05-04	C+	B
2026-04-30	B-	C+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 40 Grade B

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. UMH scores highest in Momentum (77/100) and lowest in Safety (30/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

1.33

Distress Zone

Piotroski F-Score

5/9

✓ ✓ ✗ ✓ ✗ ✗ ✗ ✓ ✓

Beneish M-Score

-3.08

Unlikely Manipulator

Ohlson O-Score

-7.51

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

BB+

Score: 46.2/100

Trend: Deteriorating

Earnings Quality

100/100

OCF/NI: 2.89x

Accruals: -3.5%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. UMH scores 1.33, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. UMH scores 5/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. UMH's score of -3.08 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. UMH's implied 0.1% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. UMH receives an estimated rating of BB+ (score: 46.2/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). UMH's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

85.61x

PEG

3.00x

P/S

4.84x

P/B

1.47x

P/FCF

39.87x

P/OCF

14.33x

EV/EBITDA

15.76x

EV/Revenue

7.47x

EV/EBIT

41.79x

EV/FCF

62.36x

Earnings Yield

2.42%

FCF Yield

2.51%

Shareholder Yield

7.19%

Graham Number

$9.26

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 85.6x earnings, UMH is priced for high growth expectations. Graham's intrinsic value formula yields $9.26 per share, 66% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

1.008

NI / EBT

Interest Burden

0.641

EBT / EBIT

EBIT Margin

0.179

EBIT / Rev

Asset Turnover

0.163

Rev / Assets

Equity Multiplier

1.831

Assets / Equity

ROE

3.4%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. UMH's ROE of 3.4% is driven by a balanced combination of operating margin, asset efficiency, and leverage. A tax burden ratio of 1.01 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

1.75%

Fair P/E

11.99x

Intrinsic Value

$4.39

Price/Value

3.45x

Margin of Safety

-244.89%

Premium

244.89%

Assessment

Overvalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with UMH's realized 1.7% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. UMH trades at a 245% premium to its adjusted intrinsic value of $4.39, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 12.0x compares to the current market P/E of 85.6x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$15.42

Median 1Y

$15.71

5th Pctile

$9.42

95th Pctile

$26.17

Ann. Volatility

32.6%

Analyst Target

$17.75

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Samuel A. Landy President and Chief Executive Officer	$330,000	$290,160	$742,702
Eugene W. Landy Chairman of the Board	$175,000	$122,760	$589,260
Anna T. Chew Vice President and Chief Financial Officer	$273,700	$122,760	$480,785
Allison Nagelberg Counsel Counsel	$178,126	$111,600	$382,785
Michael P. Landy Executive Vice President	$90,463	$122,760	$323,223

CEO Pay Ratio

14:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $742,702

Avg Employee Cost (SGA/emp): $53,406

Employees: 540

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

540

+5.3% YoY

Revenue / Employee

$484,730

Rev: $261,754,000

Profit / Employee

$49,072

NI: $26,499,000

SGA / Employee

$53,406

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	10.1%	8.2%	6.2%	3.0%	1.4%	-0.8%	-1.4%	-0.6%	0.1%	1.3%	1.2%	2.0%	3.6%	2.7%	3.5%	3.6%	3.0%	2.9%	3.3%	3.4%	3.44%
ROA	5.0%	4.3%	3.2%	1.4%	0.7%	-0.4%	-0.7%	-0.2%	0.0%	0.6%	0.6%	1.0%	1.9%	1.4%	1.9%	2.0%	1.7%	1.6%	1.8%	1.9%	1.88%
ROIC	3.4%	3.4%	3.4%	4.1%	2.8%	1.7%	1.8%	1.8%	2.5%	2.8%	2.9%	3.0%	3.1%	3.0%	2.9%	3.0%	3.0%	2.9%	3.0%	3.0%	2.99%
ROCE	6.5%	5.6%	4.3%	2.8%	2.6%	1.6%	1.4%	2.0%	2.4%	2.9%	2.8%	3.1%	3.8%	3.2%	3.5%	3.5%	3.3%	3.3%	3.2%	2.9%	2.88%
Gross Margin	52.8%	54.7%	54.1%	51.7%	50.9%	53.0%	52.3%	53.4%	53.6%	55.1%	53.8%	55.2%	53.9%	55.4%	55.3%	54.7%	54.0%	3.1%	55.4%	90.5%	90.50%
Operating Margin	19.8%	18.4%	17.5%	16.2%	14.1%	12.6%	14.0%	16.1%	17.1%	18.0%	16.1%	18.3%	19.4%	16.8%	15.6%	19.0%	19.2%	16.0%	17.5%	18.8%	18.78%
Net Margin	8.7%	37.0%	7.1%	-13.6%	-9.9%	7.6%	-2.8%	-0.7%	-2.6%	19.8%	-2.8%	8.7%	21.4%	8.1%	7.9%	11.5%	14.0%	6.9%	11.8%	13.4%	13.40%
EBITDA Margin	42.4%	72.2%	44.6%	23.8%	27.0%	49.3%	38.4%	39.8%	36.3%	58.8%	35.7%	45.7%	56.2%	43.2%	44.8%	46.1%	50.8%	45.4%	40.6%	52.3%	52.30%
FCF Margin	35.5%	35.0%	30.5%	19.8%	12.4%	-18.1%	-27.1%	-7.2%	10.9%	42.3%	55.9%	45.6%	35.7%	33.9%	30.9%	32.4%	34.3%	31.3%	32.5%	12.0%	11.98%
OCF Margin	35.5%	35.0%	30.5%	19.8%	12.4%	-4.1%	-0.3%	18.8%	36.4%	54.5%	55.9%	45.6%	35.7%	33.9%	30.9%	32.4%	34.3%	31.3%	41.7%	33.3%	33.32%
ROE 3Y Avg	snapshot only																				2.87%
ROE 5Y Avg	snapshot only																				2.30%
ROA 3Y Avg	snapshot only																				1.55%
ROIC 3Y Avg	snapshot only																				2.03%
ROIC Economic	snapshot only																				2.90%
Cash ROA	snapshot only																				5.28%
Cash ROIC	snapshot only																				5.58%
CROIC	snapshot only																				2.00%
NOPAT Margin	snapshot only																				17.86%
Pretax Margin	snapshot only																				11.45%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				10.30%
SBC / Revenue	snapshot only																				1.43%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	15.54	22.46	26.30	45.03	88.78	-161.00	-78.80	-262.44	1924.46	115.87	130.97	79.00	50.55	67.17	53.20	45.33	46.52	51.07	41.91	41.35	85.611
P/S Ratio	4.87	6.17	5.64	4.24	3.88	3.99	3.73	4.11	3.81	4.20	4.57	4.61	5.99	6.04	6.12	5.52	4.87	5.17	4.62	4.77	4.836
P/B Ratio	1.33	1.55	1.38	1.54	1.47	1.42	1.28	1.35	1.20	1.32	1.44	1.44	1.65	1.59	1.64	1.48	1.35	1.49	1.38	1.46	1.475
P/FCF	13.72	17.61	18.50	21.44	31.22	-22.07	-13.78	-57.40	34.81	9.92	8.16	10.12	16.78	17.81	19.83	17.03	14.22	16.51	14.21	39.87	39.865
P/OCF	13.72	17.61	18.50	21.44	31.22	—	—	21.85	10.46	7.71	8.16	10.12	16.78	17.81	19.83	17.03	14.22	16.51	11.09	14.33	14.331
EV/EBITDA	10.00	12.28	12.53	12.89	17.30	22.91	20.51	18.78	16.53	15.89	16.95	16.33	16.63	17.77	17.58	16.25	15.63	16.48	15.83	15.76	15.765
EV/Revenue	6.63	7.61	7.05	5.84	7.12	8.22	7.09	7.22	6.73	6.91	7.23	7.21	8.17	8.05	8.34	7.72	7.24	7.71	7.24	7.47	7.469
EV/EBIT	15.75	20.17	22.05	28.26	43.13	74.96	73.46	53.72	44.01	37.84	41.54	38.16	33.84	39.74	37.95	34.48	34.50	36.07	35.74	41.79	41.792
EV/FCF	18.68	21.74	23.12	29.55	57.24	-45.44	-26.16	-100.80	61.46	16.32	12.93	15.83	22.89	23.73	27.01	23.80	21.13	24.63	22.24	62.36	62.357
Earnings Yield	6.4%	4.5%	3.8%	2.2%	1.1%	-0.6%	-1.3%	-0.4%	0.1%	0.9%	0.8%	1.3%	2.0%	1.5%	1.9%	2.2%	2.1%	2.0%	2.4%	2.4%	2.42%
FCF Yield	7.3%	5.7%	5.4%	4.7%	3.2%	-4.5%	-7.3%	-1.7%	2.9%	10.1%	12.3%	9.9%	6.0%	5.6%	5.0%	5.9%	7.0%	6.1%	7.0%	2.5%	2.51%
PEG Ratio	snapshot only																				2.996
Price/Tangible Book	snapshot only																				1.455
EV/OCF	snapshot only																				22.417
EV/Gross Profit	snapshot only																				14.531
Acquirers Multiple	snapshot only																				41.809
Shareholder Yield	snapshot only																				7.19%
Graham Number	snapshot only																				$9.26

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	12.42	14.41	20.99	21.29	10.71	9.80	12.29	10.72	9.67	9.70	10.07	10.04	12.07	11.19	10.81	11.90	10.26	12.28	55.15	8.80	8.804
Quick Ratio	11.45	13.31	19.36	19.01	7.98	5.99	7.58	7.68	7.62	8.15	8.44	8.31	10.35	9.68	8.61	10.02	8.46	10.13	38.07	7.32	7.319
Debt/Equity	0.76	0.67	0.80	1.20	1.43	1.64	1.28	1.14	1.02	0.98	0.94	0.90	0.72	0.67	0.66	0.71	0.73	0.84	0.85	0.89	0.886
Net Debt/Equity	0.48	0.36	0.35	0.58	1.23	1.51	1.15	1.02	0.92	0.85	0.84	0.81	0.60	0.53	0.59	0.59	0.66	0.73	0.78	0.82	0.821
Debt/Assets	0.42	0.39	0.44	0.44	0.57	0.67	0.55	0.52	0.49	0.48	0.47	0.46	0.41	0.39	0.39	0.41	0.41	0.45	0.45	0.46	0.461
Debt/EBITDA	4.18	4.33	5.79	7.30	9.14	12.81	10.74	9.06	7.93	7.18	6.96	6.56	5.31	5.64	5.24	5.54	5.66	6.21	6.24	6.14	6.140
Net Debt/EBITDA	2.66	2.34	2.50	3.54	7.86	11.79	9.71	8.08	7.17	6.23	6.25	5.89	4.44	4.43	4.67	4.62	5.11	5.43	5.71	5.69	5.686
Interest Coverage	3.91	3.67	3.04	1.84	1.36	0.81	0.67	0.89	1.01	1.24	1.24	1.44	1.95	1.79	2.08	2.18	1.98	1.89	1.64	1.38	1.380
Equity Multiplier	1.80	1.71	1.84	2.73	2.49	2.45	2.33	2.19	2.06	2.03	1.98	1.94	1.75	1.71	1.70	1.74	1.76	1.88	1.89	1.92	1.924
Cash Ratio	snapshot only																				2.077
Debt Service Coverage	snapshot only																				3.658
Cash to Debt	snapshot only																				0.074
FCF to Debt	snapshot only																				0.041
Defensive Interval	snapshot only																				677.0 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.16	0.16	0.15	0.14	0.16	0.15	0.15	0.15	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.163
Inventory Turnover	3.67	3.59	2.87	2.54	2.35	1.66	1.59	1.85	2.07	1.69	1.77	2.26	3.05	3.22	3.13	3.20	3.45	3.96	3.64	3.28	3.282
Receivables Turnover	3.71	3.66	3.62	3.41	3.24	3.19	3.16	3.09	2.96	2.98	2.96	2.86	2.82	2.79	2.75	2.73	2.69	2.67	2.66	2.61	2.607
Payables Turnover	16.68	20.35	19.62	17.33	15.91	17.49	18.73	17.60	15.65	16.40	17.67	17.42	18.32	15.51	17.12	16.26	16.60	22.47	22.07	16.05	16.047
DSO	98	100	101	107	113	114	115	118	123	123	123	128	129	131	133	134	135	137	137	140	140.0 days
DIO	99	102	127	144	155	220	230	197	176	216	206	161	120	113	117	114	106	92	100	111	111.2 days
DPO	22	18	19	21	23	21	19	21	23	22	21	21	20	24	21	22	22	16	17	23	22.7 days
Cash Conversion Cycle	176	184	210	230	245	313	326	294	276	317	309	268	229	221	228	225	219	213	221	228	228.4 days
Fixed Asset Turnover	snapshot only																				0.195
Operating Cycle	snapshot only																				251.2 days
Cash Velocity	snapshot only																				4.656
Capital Intensity	snapshot only																				6.312

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	15.4%	13.7%	11.6%	6.2%	5.5%	5.2%	7.2%	10.3%	10.2%	12.8%	11.6%	10.8%	10.8%	8.9%	8.0%	8.4%	8.9%	8.8%	9.1%	8.4%	8.37%
Net Income	4.9%	9.1%	-24.6%	-65.4%	-85.3%	-1.1%	-1.2%	-1.2%	-95.0%	2.6%	1.8%	5.1%	65.3%	1.7%	2.6%	1.3%	-3.7%	22.5%	4.7%	2.7%	2.71%
EPS	4.4%	7.4%	-37.6%	-70.2%	-87.2%	-1.1%	-1.2%	-1.2%	-95.8%	2.4%	1.7%	4.5%	55.4%	1.2%	2.0%	91.8%	-13.7%	17.0%	2.2%	1.7%	1.75%
FCF	3.1%	-5.6%	-11.4%	-47.5%	-63.1%	-1.5%	-2.0%	-1.4%	-3.0%	3.6%	3.3%	8.0%	2.6%	-12.8%	-40.4%	-22.9%	4.5%	0.5%	15.1%	-60.0%	-59.97%
EBITDA	1.8%	77.4%	-7.5%	-24.9%	-34.5%	-39.1%	-34.1%	-6.4%	9.0%	36.7%	37.8%	27.1%	33.8%	13.5%	20.1%	16.6%	2.6%	12.4%	5.2%	8.1%	8.09%
Op. Income	31.6%	19.9%	18.8%	7.0%	-6.1%	-13.0%	-17.7%	-12.3%	0.7%	22.3%	31.8%	34.7%	31.9%	17.5%	12.5%	10.6%	7.4%	7.7%	11.4%	9.3%	9.25%
OCF Growth	snapshot only																				11.35%
Asset Growth	snapshot only																				5.47%
Equity Growth	snapshot only																				-4.47%
Debt Growth	snapshot only																				19.74%
Shares Change	snapshot only																				0.95%
Dividend Growth	snapshot only																				7.05%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	13.8%	12.8%	12.1%	10.7%	10.5%	10.1%	10.6%	10.9%	10.3%	10.5%	10.1%	9.1%	8.8%	8.9%	8.9%	9.8%	10.0%	10.2%	9.6%	9.2%	9.17%
Revenue 5Y	13.8%	13.4%	13.1%	12.3%	12.1%	11.7%	11.8%	11.8%	11.4%	11.3%	11.0%	10.7%	10.5%	10.4%	10.2%	10.4%	10.1%	9.9%	9.5%	8.8%	8.79%
EPS 3Y	—	—	—	—	—	—	—	—	—	-0.0%	-55.0%	-44.6%	-32.8%	-35.6%	-24.2%	3.1%	26.9%	—	—	—	—
EPS 5Y	32.1%	20.1%	14.2%	-3.5%	-16.0%	—	—	—	—	—	—	—	—	-16.9%	—	—	—	21.2%	-22.6%	-19.8%	-19.77%
Net Income 3Y	—	—	—	—	—	—	—	—	—	16.6%	-47.3%	-36.0%	-21.3%	-24.9%	-11.5%	19.7%	47.1%	—	—	—	—
Net Income 5Y	47.1%	34.7%	27.7%	7.4%	-7.6%	—	—	—	—	—	—	—	—	-4.9%	—	—	—	39.3%	-11.3%	-9.4%	-9.41%
EBITDA 3Y	25.7%	22.4%	18.0%	22.8%	13.2%	5.8%	39.8%	21.4%	25.5%	13.9%	-5.7%	-3.7%	-1.5%	-1.9%	2.9%	11.5%	14.4%	20.4%	20.3%	17.0%	17.02%
EBITDA 5Y	26.7%	24.0%	21.1%	15.5%	13.1%	10.0%	9.2%	4.0%	7.2%	8.8%	8.3%	17.1%	16.2%	12.9%	35.2%	21.5%	22.1%	13.5%	1.2%	2.4%	2.40%
Gross Profit 3Y	15.2%	14.7%	14.7%	14.1%	13.5%	12.5%	11.9%	11.9%	11.3%	11.3%	11.1%	10.7%	10.2%	10.3%	10.2%	10.9%	11.4%	1.9%	1.8%	8.5%	8.46%
Gross Profit 5Y	14.8%	14.3%	14.1%	13.4%	13.1%	12.7%	12.7%	12.7%	12.5%	12.8%	12.9%	13.1%	13.0%	12.8%	12.3%	12.0%	11.4%	4.8%	4.6%	8.5%	8.50%
Op. Income 3Y	65.8%	—	35.3%	—	31.4%	-12.0%	-4.8%	-5.4%	7.6%	8.5%	8.8%	8.1%	7.6%	7.8%	6.9%	9.3%	12.6%	15.7%	18.2%	17.6%	17.61%
Op. Income 5Y	19.2%	16.3%	16.5%	15.9%	14.2%	13.0%	—	17.1%	33.9%	—	21.9%	—	24.7%	-0.4%	5.0%	4.7%	12.0%	10.1%	10.1%	8.8%	8.81%
FCF 3Y	—	57.7%	30.1%	2.6%	-14.6%	—	—	—	-28.2%	10.7%	24.9%	13.9%	9.0%	7.8%	9.4%	29.5%	54.2%	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	41.3%	37.0%	24.9%	16.9%	18.0%	11.5%	7.0%	6.9%	3.5%	5.9%	-14.5%	-14.53%
OCF 3Y	20.7%	17.5%	11.0%	-0.0%	-16.6%	—	—	-12.1%	7.1%	20.3%	24.9%	13.9%	9.0%	7.8%	9.4%	29.5%	54.2%	—	—	32.1%	32.06%
OCF 5Y	14.4%	17.3%	12.4%	1.7%	-8.3%	—	—	0.1%	15.9%	24.5%	24.6%	23.0%	15.3%	16.2%	11.5%	7.0%	6.9%	3.5%	11.3%	4.9%	4.88%
Assets 3Y	11.6%	13.1%	16.3%	15.9%	7.8%	9.5%	11.1%	10.9%	8.4%	9.4%	8.1%	5.9%	7.6%	7.2%	3.1%	4.5%	8.8%	8.1%	7.2%	7.1%	7.11%
Assets 5Y	12.5%	13.3%	14.3%	13.8%	10.0%	10.3%	11.0%	10.1%	9.9%	10.2%	9.5%	9.5%	8.3%	8.8%	9.2%	9.7%	8.3%	9.3%	8.5%	7.2%	7.17%
Equity 3Y	13.9%	20.4%	21.0%	-0.5%	-1.7%	0.2%	1.7%	4.0%	13.3%	12.0%	9.5%	4.4%	8.5%	7.2%	5.8%	21.3%	22.0%	18.2%	14.9%	11.9%	11.88%
Book Value 3Y	4.7%	9.0%	9.6%	-10.4%	-11.0%	-9.8%	-9.8%	-8.6%	-2.6%	-4.0%	-6.5%	-9.6%	-7.2%	-8.1%	-9.4%	4.5%	5.2%	3.2%	1.7%	0.1%	0.07%
Dividend 3Y	-6.4%	-8.1%	-6.3%	-6.0%	-5.7%	-8.1%	-11.7%	-14.5%	-16.2%	-14.0%	-12.4%	-8.8%	-9.3%	-9.2%	-9.1%	-8.4%	-8.2%	-7.8%	-7.8%	-8.2%	-8.22%

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.99	0.99	1.00	0.99	0.99	0.99	1.00	0.99	0.99	0.99	1.00	0.99	0.99	0.99	1.00	1.00	1.00	0.99	1.00	0.99	0.994
Earnings Stability	0.12	0.20	0.35	0.17	0.11	0.07	0.14	0.08	0.08	0.09	0.02	0.09	0.10	0.04	0.01	0.00	0.06	0.01	0.11	0.02	0.017
Margin Stability	0.97	0.97	0.97	0.97	0.97	0.97	0.97	0.98	0.98	0.98	0.97	0.96	0.96	0.96	0.96	0.97	0.98	0.89	0.90	0.97	0.971
Rev. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	0.50	0.50	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	0.00	1.00	1.00	1.00	1.000
FCF Positive Streak	1	1	1	1	1	0	0	0	1	0	0	0	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.20	0.50	0.50	0.50	0.50	0.20	0.20	0.20	0.50	0.20	0.20	0.20	0.50	0.50	0.50	0.50	0.99	0.91	0.98	0.99	0.989
Earnings Smoothness	—	0.00	0.72	0.03	0.00	—	—	—	0.00	—	—	—	0.00	0.08	0.00	0.23	0.96	0.80	0.95	0.97	0.973
ROE Trend	0.10	0.04	0.02	-0.00	-0.01	-0.05	-0.09	-0.06	-0.05	-0.02	-0.01	0.00	0.02	0.02	0.03	0.03	0.01	0.01	0.01	0.01	0.010
Gross Margin Trend	0.02	0.02	0.02	0.02	0.01	-0.00	-0.01	-0.00	0.00	0.01	0.01	0.02	0.02	0.02	0.02	0.01	0.01	-0.13	-0.13	-0.03	-0.032
FCF Margin Trend	0.02	0.02	-0.03	-0.19	-0.25	-0.57	-0.62	-0.37	-0.13	0.34	0.54	0.39	0.24	0.22	0.16	0.13	0.11	-0.07	-0.11	-0.27	-0.270
Sustainable Growth Rate	-0.4%	-1.7%	-3.6%	-8.3%	-10.0%	—	—	—	-10.4%	-9.2%	-9.3%	-8.5%	-6.1%	-7.0%	-6.6%	-6.7%	-7.1%	-7.2%	-7.0%	-6.8%	-6.79%
Internal Growth Rate	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	1.13	1.28	1.42	2.10	2.84	1.64	0.07	-12.01	184.03	15.02	16.04	7.81	3.01	3.77	2.68	2.66	3.27	3.09	3.78	2.89	2.886
FCF/OCF	1.00	1.00	1.00	1.00	1.00	4.44	84.26	-0.38	0.30	0.78	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.78	0.36	0.359
FCF/Net Income	snapshot only																				1.037
OCF/EBITDA	snapshot only																				0.703
CapEx/Revenue	0.0%	0.0%	0.0%	0.0%	0.0%	14.0%	26.8%	26.0%	25.5%	12.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	9.2%	21.3%	21.34%
CapEx/Depreciation	snapshot only																				0.723
Accruals Ratio	-0.01	-0.01	-0.01	-0.01	-0.01	0.00	-0.01	-0.03	-0.06	-0.08	-0.09	-0.06	-0.04	-0.04	-0.03	-0.03	-0.04	-0.03	-0.05	-0.04	-0.035
Sloan Accruals	snapshot only																				-0.052
Cash Flow Adequacy	snapshot only																				0.598
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	6.7%	5.3%	6.0%	8.3%	9.0%	8.3%	8.4%	7.2%	7.7%	7.1%	6.6%	6.7%	5.3%	5.4%	5.5%	6.2%	7.2%	6.8%	7.5%	7.2%	5.84%
Dividend/Share	$1.25	$1.20	$1.23	$1.23	$1.23	$1.15	$1.08	$1.00	$0.96	$0.98	$0.99	$1.00	$0.97	$0.96	$0.98	$1.02	$1.05	$1.08	$1.09	$1.09	$0.90
Payout Ratio	1.0%	1.2%	1.6%	3.8%	8.0%	—	—	—	148.0%	8.2%	8.7%	5.3%	2.7%	3.6%	2.9%	2.8%	3.3%	3.5%	3.2%	3.0%	2.97%
FCF Payout Ratio	91.8%	94.2%	1.1%	1.8%	2.8%	—	—	—	2.7%	70.3%	54.2%	68.2%	88.7%	95.9%	1.1%	1.1%	1.0%	1.1%	1.1%	2.9%	2.87%
Total Payout Ratio	1.0%	1.2%	1.6%	3.8%	8.0%	—	—	—	148.0%	8.2%	8.7%	5.3%	2.7%	3.6%	2.9%	2.8%	3.3%	3.5%	3.2%	3.0%	2.97%
Div. Increase Streak	1	1	1	1	1	1	0	0	0	1	0	0	0	1	1	1	1	1	1	1	1
Chowder Number	0.12	0.10	0.17	0.22	0.22	0.15	0.07	-0.01	0.00	0.08	0.15	0.24	0.25	0.24	0.25	0.26	0.27	0.24	0.21	0.15	0.153
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Net Buyback Yield	-13.3%	-16.2%	-20.2%	-19.6%	-18.2%	-13.5%	-13.6%	-14.9%	-20.6%	-16.4%	-13.4%	-12.3%	-13.7%	-15.7%	-14.5%	-15.2%	-8.6%	-3.7%	-3.3%	-0.8%	-0.77%
Total Shareholder Return	-6.6%	-10.8%	-14.1%	-11.2%	-9.2%	-5.2%	-5.2%	-7.7%	-12.9%	-9.3%	-6.7%	-5.5%	-8.5%	-10.3%	-9.0%	-9.0%	-1.5%	3.1%	4.3%	6.4%	6.43%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	1.00	1.00	1.00	1.00	1.01	0.98	0.98	0.94	1.64	1.02	1.02	1.01	1.01	1.01	1.01	1.01	1.01	1.01	1.01	1.01	1.008
Interest Burden (EBT/EBIT)	0.74	0.73	0.67	0.46	0.26	-0.23	-0.50	-0.12	0.01	0.19	0.20	0.30	0.49	0.44	0.52	0.54	0.50	0.47	0.54	0.64	0.641
EBIT Margin	0.42	0.38	0.32	0.21	0.17	0.11	0.10	0.13	0.15	0.18	0.17	0.19	0.24	0.20	0.22	0.22	0.21	0.21	0.20	0.18	0.179
Asset Turnover	0.16	0.16	0.15	0.14	0.16	0.15	0.15	0.15	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.163
Equity Multiplier	2.03	1.90	1.93	2.24	2.10	2.03	2.05	2.43	2.24	2.21	2.14	2.06	1.89	1.85	1.82	1.83	1.76	1.79	1.79	1.83	1.831

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$1.20	$1.00	$0.77	$0.33	$0.15	$-0.09	$-0.16	$-0.05	$0.01	$0.12	$0.11	$0.19	$0.36	$0.27	$0.34	$0.36	$0.31	$0.31	$0.34	$0.37	$0.37
Book Value/Share	$14.02	$14.52	$14.72	$9.63	$9.28	$9.67	$9.97	$10.38	$10.38	$10.49	$10.28	$10.32	$11.19	$11.25	$10.95	$10.99	$10.82	$10.65	$10.48	$10.40	$10.47
Tangible Book/Share	$14.02	$14.52	$14.72	$9.63	$9.28	$9.67	$9.97	$10.38	$10.38	$10.49	$10.28	$10.32	$11.19	$11.25	$10.95	$10.99	$10.82	$10.65	$10.48	$10.40	$10.40
Revenue/Share	$3.83	$3.64	$3.61	$3.49	$3.52	$3.45	$3.43	$3.41	$3.27	$3.29	$3.25	$3.21	$3.08	$2.96	$2.93	$2.95	$3.00	$3.08	$3.12	$3.17	$3.18
FCF/Share	$1.36	$1.27	$1.10	$0.69	$0.44	$-0.62	$-0.93	$-0.24	$0.36	$1.39	$1.82	$1.46	$1.10	$1.00	$0.90	$0.96	$1.03	$0.96	$1.02	$0.38	$0.38
OCF/Share	$1.36	$1.27	$1.10	$0.69	$0.44	$-0.14	$-0.01	$0.64	$1.19	$1.79	$1.82	$1.46	$1.10	$1.00	$0.90	$0.96	$1.03	$0.96	$1.30	$1.06	$1.06
Cash/Share	$3.88	$4.50	$6.68	$5.95	$1.85	$1.27	$1.22	$1.28	$1.02	$1.37	$0.99	$0.95	$1.32	$1.62	$0.79	$1.29	$0.77	$1.13	$0.75	$0.68	$0.68
EBITDA/Share	$2.54	$2.26	$2.03	$1.58	$1.45	$1.24	$1.18	$1.31	$1.33	$1.43	$1.39	$1.42	$1.51	$1.34	$1.39	$1.40	$1.39	$1.44	$1.43	$1.50	$1.50
Debt/Share	$10.62	$9.77	$11.76	$11.55	$13.23	$15.85	$12.72	$11.87	$10.55	$10.27	$9.66	$9.30	$8.03	$7.57	$7.28	$7.78	$7.87	$8.95	$8.90	$9.22	$9.22
Net Debt/Share	$6.74	$5.27	$5.08	$5.59	$11.37	$14.58	$11.50	$10.59	$9.53	$8.90	$8.67	$8.36	$6.71	$5.95	$6.49	$6.48	$7.10	$7.82	$8.15	$8.54	$8.54

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.331
Altman Z-Prime	snapshot only																				2.638
Piotroski F-Score	8	8	6	5	4	1	2	4	6	7	7	7	8	8	8	7	5	6	7	5	5
Beneish M-Score	-2.31	-2.39	-2.34	-2.42	-2.37	-2.25	-2.26	-2.35	-2.51	-3.02	-2.69	-2.65	-2.52	4.25	-2.49	-2.47	-2.47	6.54	-2.52	-3.08	-3.084
Ohlson O-Score	snapshot only																				-7.509
ROIC (Greenblatt)	snapshot only																				3.01%
Net-Net WC	snapshot only																				$-6.71
EVA	snapshot only																				$-113662200.00

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				BB+
Credit Score	62.36	66.58	58.50	39.16	33.28	27.29	31.32	31.14	39.11	45.06	52.34	50.78	54.12	55.37	56.56	56.70	56.15	49.55	54.75	46.21	46.208
Credit Grade	snapshot only																				11
Credit Trend	snapshot only																				-10.492
Implied Spread (bps)	snapshot only																				400.000
Industry Credit Rank	snapshot only																				60
Sector Credit Rank	snapshot only																				50

UMH NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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