ETFMG Real Estate Tech ETF (HHH) Stock Analysis and Metrics

Sector: Real Estate Industry: Real Estate - Diversified CIK: 0001467831

Market Cap 4.39 Bn

P/B 1.17

P/E 16.01

P/S 2.39

ROIC (Qtr) 4.37

Div Yield % 0.00

Rev 1y % (Qtr) 19.28

Total Debt (Qtr) 5.29 Bn

Debt/Equity (Qtr) 1.40

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About

Operating cash flow of 439.20M provides strong 22.20x coverage of stock compensation 19.78M, indicating sustainable incentive practices.
Strong operating cash flow of 439.20M provides 4.06x coverage of SG&A expenses 108.09M, showing efficient operational cost management.
Operating cash flow of 439.20M provides strong 2.23x coverage of operating expenses 197.16M, showing operational efficiency.
Strong free cash flow of 228.49M provides 2.11x coverage of SG&A expenses 108.09M, indicating efficient cost management.
Cash reserves of 1.97B provide comfortable 11.57x coverage of tax obligations 170.53M, showing strong fiscal management.

Operating cash flow of 439.20M barely covers its investment activities of (216.55M), with a coverage ratio of -2.03, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
Cash reserves of 1.97B provide limited coverage of acquisition spending of (12.55M), which is -157.24x, suggesting aggressive expansion might strain liquidity if market conditions deteriorate.
High depreciation of 181.18M relative to operating cash flow of 439.20M, which is 0.41x suggests significant maintenance capital requirements affecting free cash flow.
Free cash flow of 228.49M represents just -4.77x of debt issuance (47.85M), suggesting concerning reliance on leverage rather than internal cash generation for growth.
Operating cash flow of 439.20M shows concerning coverage of minority interest expenses of (147000), which is -2987.76x, suggesting complex corporate structure risks.

Companies in the Real Estate - Diversified

S.No.	Ticker	Company	Market Cap	P/E	P/S	Total Debt (Qtr)
1	HHH	Howard Hughes Holdings Inc.	4.39 Bn	16.01	2.39	5.29 Bn
2	JOE	ST JOE Co	4.17 Bn	58.77	16.52	0.58 Bn
3	STRS	Stratus Properties Inc	0.26 Bn	-29.01	8.23	0.22 Bn

Current Valuation	Value	Ind Avg
EV to Assets EV to Assets	0.73	1.50
EV to Cash from Ops. EV/CFO	17.80	33.03
EV to Debt EV to Debt	1.48	3.81
EV to EBIT EV/EBIT	14.31	8.50
EV to EBITDA EV/EBITDA	11.17	4.30
EV to Free Cash Flow [EV/FCF] EV/FCF	34.22	0.74
EV to Market Cap EV to Market Cap	1.78	1.50
EV to Revenue EV/Rev	4.26	11.92
Price to Book Value [P/B] P/B	1.17	3.06
Price to Earnings [P/E] P/E	16.01	15.26

Dividend Metrics	Value	Ind Avg
Dividend Coverage Ratio Dividend Coverage Ratio	0.00	1.56
Dividend Payout Ratio % Div Payout % (Qtr)	0.00	10.37
Dividend per Basic Share Div per Share (Qtr)	0.00	0.19
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr)	0.00	7.28
Interest Coverage Int. cover (Qtr)	3.20	-1.67

Growth Metrics	Value	Ind Avg
Capex Growth (1y) % Capex 1y % (Qtr)	16.83	44.53
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr)	114.37	113.25
Dividend Growth (1y) % Dividend Growth (1y) %	0.00	4.00
EBIAT Growth (1y) % EBIAT 1y % (Qtr)	107.18	-138.40
EBITDA Growth (1y) % EBITDA 1y % (Qtr)	45.19	-128.29
EBIT Growth (1y) % EBIT 1y % (Qtr)	98.24	-110.81
EBT Growth (1y) % EBT 1y % (Qtr)	246.69	-69.63
EPS Growth (1y) % EPS 1y % (Qtr)	240.13	-105.34
FCF Growth (1y) % FCF 1y % (Qtr)	346.80	337.32
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr)	40.51	-24.15

Liquidity Ratios	Value	Ind Avg
Asset Utilization Ratio Asset Util Ratio (Qtr)	0.17	0.18
Cash Payout Ratio Cash Payout (Qtr)	0.00	0.04
Cash Ratio Cash Ratio	0.00	0.00
Current Ratio Current Ratio	0.00	0.00
Debt to Equity Ratio Debt/Equity (Qtr)	1.40	1.11
Interest Cover Ratio Int Coverage (Qtr)	3.20	-1.67
Times Interest Earned Times Interest Earned (Qtr)	3.20	-1.67

Profitability	Value	Ind Avg
EBITDA Margin % EBITDA Margin % (Qtr)	39.70	20.07
EBIT Margin % EBIT Margin % (Qtr)	29.81	7.01
EBT Margin % EBT Margin % (Qtr)	20.48	0.69
Gross Margin % Gross Margin % (Qtr)	44.90	24.60
Net Profit Margin % Net Margin % (Qtr)	15.00	2.67