Stock fact sheet · data as of
Greystone Housing Impact Investors LP (GHI): fair value, margin of safety and Wheel Score
Financial Services · Financial - Mortgages · United States · Speculative / Distressed
Is GHI undervalued?
At 4.95 (close of 16 Oct 2026), GHI trades 100% below the GLS average fair value of 1,466.69. That average comes from 3 models run on the latest filings, and 3 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Greystone Housing Impact Investors LP the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
Only 3 of the nine models produced a value (DCF, 10 Cap, DDM); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.
The nightly engine files GHI under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for GHI
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 276.23 | +5480% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | 4,113.98 | +83011% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 9.86 | +99% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -45.03 | -1010% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 18.00 | +264% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: GHI passes 4 of the nine Piotroski tests. Our screens drop the stock at the health rule; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 2.7 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC -0.5%, ROE -2.0%, ROA -0.5% - with debt at 2.89 times equity and a free-cash-flow yield of 4102.7%. Debt of 2.89 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is high at 13.54% (payout ratio -686%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from M F Properties 54%, Seniors and Skilled Nursing Mortgage Re… 35%, Market Rate Joint Venture Investments 11% (quarter Q2 FY2026).
Institutional ownership scores 1/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | -0.5% |
|---|---|---|---|
| GLS Moat | 2.7 / 10 | ROE | -2.0% |
| Debt / equity | 2.89 | ROA | -0.5% |
| Free-cash-flow yield | 4102.7% | Payout ratio | -686% |
| Institutions | 1 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 45: Weak
GHI scores 45 out of 100 on the Wheel Score, in the Weak band (under 50), capped at 45 because the engine files it as Speculative / Distressed. Value 25/25, Health 9/20, Moat 4/15, Premium 19/20, Stability 6/20. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 65% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (19 of 20) because volatility this high usually comes with a reason. Chain open interest is 3,373 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 106k shares a day on a market cap of $117M, with a beta of 0.74 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 100% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 4 / 15 | moat 2.7/10 | |
| Premium | 19 / 20 | implied volatility 65% | |
| Stability | 6 / 20 | 106k shares/day, $117M cap, beta 0.74 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 5 Nov 2026, 20 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Financial - Mortgages
The 12 companies below are the closest to Greystone Housing Impact Investors LP by market cap within the Financial - Mortgages industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| LDI loanDepot, Inc. | 0.5670 | - | - | 32Weak | $132M |
| BETR Better Home & Finance Holding Company | 10.76 | - | - | 37Weak | $143M |
| IOR Income Opportunity Realty Investors, Inc. | 18.00 | 11.26 | -60% | 17No options | $73M |
| ONIT Onity Group Inc. | 26.67 | 636.13 | +96% | 62Fair | $223M |
| VEL Velocity Financial, Inc. | 14.54 | 93.02 | +84% | 73Good | $574M |
| BLNE Beeline Holdings Inc. | 0.7010 | - | - | 31No options | $23M |
| PAPL Pineapple Financial Inc. | 0.8587 | - | - | 27No options | $22M |
| DVLN DVL, Inc. | 2,800.00 | - | - | 32No options | $13M |
| WD Walker & Dunlop, Inc. | 32.05 | 44.33 | +28% | 75Good | $1.1B |
| UWMC UWM Holdings Corporation | 1.01 | 5.89 | +83% | 45Weak | $1.5B |
| FMCCH Freddie Mac 5.1 % Non-Cum Pfd | 9.30 | 192.48 | +95% | 39No options | $1.8B |
| FMCCK Federal Home Loan Mortgage Corporation | 9.74 | 195.99 | +95% | 39No options | $1.9B |
⚖ Compare GHI with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about GHI
Is GHI undervalued right now?
By the GLS models, yes: at 4.95 the stock is 100% below the average fair value of 1,466.69 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of GHI and what does it mean?
GHI scores 45 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for GHI?
1,466.69 per share as of 16 Oct 2026 - the simple average of the 3 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Greystone Housing Impact Investors LP report earnings next?
The next earnings report is due on 5 Nov 2026, 20 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does GHI have listed options, and how liquid are they?
Yes. The nightly snapshot found 44 listed contracts with 3,373 open interest across all expiries and implied volatility of 65% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.