Kb Home

Consumer Discretionary
Homebuilding
www.kbhome.com

Earnings Score

Market Cap $5.76B
PE 9
Debt $NaN
Cash $375.69M
EV $NaN
FCF $271.97M

Earnings

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Sales & Net Margins

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Earnings	$610.04M
ROE	15%
FCF	$271.97M
Equity	$3.99B
Growth Stability	100%
PE	9.44
PEG	0.4
PB	1.44
P/FCF	21.17
P/S	0.87
Price/Cash	0.07
Net Margins	9%
Earnings CAGR	32%
Sales Growth YoY	10%
Sales Growth QoQ	3%
Sales CAGR	9%
FCF CAGR	8%
Equity CAGR	12%
Earnings Stability	0.91
Earnings Growth YoY	5%
Earnings Growth QoQ	-7%

Earnings CAGR 5Y	24%
Sales CAGR 5Y	11%
FCF CAGR 5Y	13%
Equity CAGR 5Y	13%
Earnings CAGR 3Y	3%
Sales CAGR 3Y	3%
FCF CAGR 3Y	23%
Equity CAGR 3Y	10%
Market Cap	$5.76B
Revenue	$6.60B
Dividend Yield	1%
Payout Ratio	11%
Assets	$6.84B
Cash	$375.69M
Shares Outstanding	73.33M
Earnings Score	95%
Shares Growth 3y	-7%
Equity Growth QoQ	-0%
Equity Growth YoY	4%

Assets & ROA

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Stockholders Equity & ROE

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KB Home is an American construction company that focuses on residential construction. The company builds single-family homes and communities across Arizona, California, Colorado, Florida, Nevada, Texas, North Carolina, and the Washington, D.C., area. KB Home operates in several markets and focuses on first-time and move-up homebuyers. The company follows a built-to-order model that offers personalized homes at attainable prices based on the market location. The company also invests in land acquisition and development to support future building activities.

SEC Filings

Direct access to Kb Home (KBH) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Aug 31
- 10-Q May 31
- 10-Q Feb 29
2023
- 10-K Nov 30
- 10-Q Aug 31
- 10-Q May 31
- 10-Q Feb 28
2022
- 10-K Nov 30
- 10-Q Aug 31
- 10-Q May 31
- 10-Q Feb 28

Sector Comparison

How does Kb Home compare to its competitors?

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Peter Lynch's Chart

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

CAGR 32%

Stability 91%

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Kb Home Discounted Cash Flow

Fully customizable DCF calculator online for Kb Home.

Years

Calculation mode

= $4.9B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$272M	$295M	$320M	$347M	$377M	$409M	$443M	$481M	$522M	$566M	$614M	$6.1B
DCF		$268M	$265M	$261M	$257M	$254M	$250M	$247M	$243M	$240M	$237M	$2.4B
Value	$4.9B

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	11/2015	11/2016	11/2017	11/2018	11/2019	11/2020	11/2021	11/2022	11/2023	TTM
Net Margins	3%	3%	4%	4%	6%	7%	10%	12%	9%	9%
ROA	-	3%	6%	7%	-	-	-	-	-	-
ROE	-	6%	9%	8%	11%	11%	19%	22%	15%	15%

Net Margins (9.35%)

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.

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	11/2015	11/2016	11/2017	11/2018	11/2019	11/2020	11/2021	11/2022	11/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%

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.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good 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	11/2015	11/2016	11/2017	11/2018	11/2019	11/2020	11/2021	11/2022	11/2023	CAGR 5Y
Revenue YoY growth	-	19%	22%	4%	0%	-8%	37%	21%	-7%	11%
Earnings YoY growth	-	25%	71%	-6%	58%	10%	91%	45%	-28%	24%
Equity YoY growth	-	2%	12%	8%	14%	12%	13%	21%	4%	13%
FCF YoY growth	-	4%	175%	-58%	-2%	34%	-127%	-280%	658%	13%