Beazer Homes Usa Inc

Consumer Discretionary
Homebuilding
www.beazer.com

Earnings Score
Moat Score
Safety Score

Market Cap $1.00B
PE 7
Debt $1.03B
Cash $242.61M
EV $1.78B
FCF -$159.90M

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$140.18M
EBIT	$159.09M
ROE	11%
ROA	6%
FCF	-$159.90M
Equity	$1.23B
Growth Stability	-36%
PE	7.14
PEG	0.17
PB	0.81
P/FCF	-6.26
P/S	0.43
Price/Cash	0.24
Debt/Equity	0.83
Debt/FCF	-6.41
Net Margins	6%
Gross Margins	18%
Op. Margins	7%
Earnings CAGR	10%
Sales Growth YoY	25%
Sales Growth QoQ	35%
Sales CAGR	1%
FCF CAGR	0%
Equity CAGR	11%
Earnings Stability	0.08
Earnings Growth YoY	-7%

Earnings Growth QoQ	91%
Earnings CAGR 5Y	41%
Sales CAGR 5Y	1%
FCF CAGR 5Y	-7%
Equity CAGR 5Y	21%
Earnings CAGR 3Y	1%
Sales CAGR 3Y	1%
FCF CAGR 3Y	13%
Equity CAGR 3Y	19%
Market Cap	$1.00B
Revenue	$2.33B
Assets	$2.59B
Total Debt	$1.03B
Cash	$242.61M
Shares Outstanding	30.54M
EV	1.78B
Earnings Score	7%
Moat Score	83%
Safety Score	36%
Final Score	42%
Gross Profit	$424.29M
Shares Growth 3y	0%
Equity Growth QoQ	5%
Equity Growth YoY	12%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

Beazer Homes USA Inc is an American construction company that focuses on residential construction. The company specializes in single-family housing and multi-unit building construction in over 13 states and over 22 metro markets. Beazer Homes builds homes and communities that target first-time, move-up, and luxury homebuyers with an average selling price of roughly $300,000. From a geographic perspective, home sales in the western and eastern United States have been the leading sources of revenue for the company. Key metro areas include Atlanta, Las Vegas, Los Angeles, Orlando, and Tampa. The company also focuses on land purchasing and development to support future construction efforts as well as mortgage services for its homebuyers.

SEC Filings

Direct access to Beazer Homes Usa Inc (BZH) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-Q Dec 31
- 10-K Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-Q Dec 31
- 10-K Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Beazer Homes Usa Inc compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of Beazer Homes Usa Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 10%

Stability 8%

loading chart...

Beazer Homes Usa Inc Discounted Cash Flow

Fully customizable DCF calculator online for Beazer Homes Usa Inc.

Years

Calculation mode

= -$1.6B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$160M	-$160M	-$161M	-$162M	-$162M	-$163M	-$164M	-$164M	-$165M	-$165M	-$166M	-$1.7B
DCF		-$146M	-$133M	-$121M	-$111M	-$101M	-$92M	-$84M	-$77M	-$70M	-$64M	-$640M
Value	-$1.6B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Net Margins	-	-	2%	-2%	-4%	2%	6%	10%	7%	6%	6%
ROA	-	3%	3%	4%	-5%	4%	7%	12%	8%	6%	6%
ROE	-	1%	5%	-7%	-15%	9%	17%	23%	14%	11%	11%

Bad Net Margins (6.02%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Debt over FCF	-	8.83	15.9	92.8	12.77	4.06	61.96	14.89	6.2	-6.41	-6.41
Debt over Equity	2.42	2.07	1.95	1.91	2.19	1.91	1.45	1.05	0.89	0.83	0.83
Growth Stability	-	-	-	-36%	-	-	-	100%	100%	84%	-36%

Good Debt/FCF ratio (-6.41)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.83)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-36%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	CAGR 5Y
Revenue YoY growth	-	-	-	10%	-1%	2%	1%	8%	-5%	6%	1%
Earnings YoY growth	-	-99%	578%	-243%	75%	-166%	134%	81%	-28%	-12%	41%
Equity YoY growth	-	2%	6%	-6%	-16%	10%	22%	30%	17%	12%	21%
FCF YoY growth	-	-255%	-45%	-84%	596%	202%	-94%	288%	139%	-201%	-7%