Green Brick Partners, Inc.

Consumer Discretionary
Homebuilding
www.greenbrickpartners.com

Earnings Score
Moat Score

Market Cap $3.01B
PE 9
Debt $NaN
Cash $104.65M
EV $NaN
FCF -$28.87M

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$347.92M
EBIT	$475.63M
ROE	23%
ROA	22%
FCF	-$28.87M
Equity	$1.55B
Growth Stability	50%
PE	8.66
PEG	0.2
PB	1.95
P/FCF	-104.38
P/S	1.52
Price/Cash	0.03
Net Margins	18%
Gross Margins	33%
Op. Margins	24%
Earnings CAGR	50%
Sales Growth YoY	25%
Sales Growth QoQ	-7%
Sales CAGR	27%
FCF CAGR	5%
Equity CAGR	20%
Earnings Stability	0.95
Earnings Growth YoY	24%

Earnings Growth QoQ	-15%
Earnings CAGR 5Y	44%
Sales CAGR 5Y	22%
FCF CAGR 5Y	19%
Equity CAGR 5Y	26%
Earnings CAGR 3Y	8%
Sales CAGR 3Y	8%
FCF CAGR 3Y	12%
Equity CAGR 3Y	23%
Market Cap	$3.01B
Revenue	$1.98B
Dividend Yield	0%
Payout Ratio	1%
Assets	$2.17B
Cash	$104.65M
Shares Outstanding	44.46M
Earnings Score	96%
Moat Score	96%
Gross Profit	$651.11M
Shares Growth 3y	-4%
Equity Growth QoQ	6%
Equity Growth YoY	22%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

Green Brick Partners Inc is a homebuilding and land development company. It acquires and develops land, as well as provides land and construction financing to its controlled builders. The company has three reportable segments: builder operations central, builder operations southeast, and land development. The majority of company's revenue is generated from the builder operations central segment that is entirely the operations of builders in Texas. The company is engaged in various aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing, sales, and brand image creation. In addition to homebuilding, the company provides home financing services, such as mortgage and title, through its subsidiaries.

SEC Filings

Direct access to Green Brick Partners, Inc. (GRBK) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

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

Sector Comparison

How does Green Brick Partners, Inc. compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of Green Brick Partners, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 50%

Stability 95%

loading chart...

Green Brick Partners, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Green Brick Partners, Inc..

Years

Calculation mode

= -$412M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$29M	-$30M	-$32M	-$34M	-$35M	-$37M	-$39M	-$41M	-$43M	-$46M	-$48M	-$479M
DCF		-$28M	-$26M	-$25M	-$24M	-$23M	-$22M	-$21M	-$20M	-$19M	-$18M	-$185M
Value	-$412M

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	20%	5%	6%	3%	8%	7%	12%	14%	16%	16%	18%
ROA	-	7%	9%	10%	10%	10%	14%	18%	24%	21%	22%
ROE	-	4%	6%	3%	11%	11%	18%	21%	27%	21%	23%

Good Net Margins (17.99%)

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.

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-1.2	-11.44	-6.17	-	-9.78	6.84	-3.6	4.19	1.71	-
Debt over Equity	0.97	0.16	0.21	0.27	-	0.45	0.34	0.38	0.34	0.27	-
Growth Stability	-	-	-	50%	100%	100%	100%	100%	100%	100%	50%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (50%)

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	18%	31%	19%	37%	27%	23%	44%	25%	1%	22%
Earnings YoY growth	-	-69%	55%	-37%	245%	14%	94%	67%	52%	-3%	44%
Equity YoY growth	-	105%	8%	8%	12%	10%	21%	37%	22%	22%	26%
FCF YoY growth	-	-4K%	-84%	152%	125%	-42%	-231%	-393%	-194%	132%	19%