Landsea Homes Corp

Consumer Discretionary
Homebuilding
www.landseahomes.com

Earnings Score
Moat Score
Safety Score

Market Cap $211.77M
PE 12
Debt $749.00M
Cash $53.32M
EV $907.45M
FCF $23.74M

Earnings

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Sales & Net Margins

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Earnings	$17.23M
EBIT	$27.46M
ROE	3%
ROA	2%
FCF	$23.74M
Equity	$676.11M
Growth Stability	34%
PE	12.29
PEG	0.45
PB	0.31
P/FCF	8.92
P/S	0.14
Price/Cash	0.25
Debt/Equity	1.11
Debt/FCF	31.55
Net Margins	1%
Gross Margins	15%
Op. Margins	2%
Earnings CAGR	84%
Sales Growth YoY	22%
Sales Growth QoQ	44%
Sales CAGR	7%
FCF CAGR	-1%
Equity CAGR	116%
Earnings Stability	0.17
Earnings Growth YoY	-76%

Earnings Growth QoQ	-73%
Earnings CAGR 5Y	28%
Sales CAGR 5Y	16%
FCF CAGR 5Y	-3%
Equity CAGR 5Y	7%
Earnings CAGR 3Y	4%
Sales CAGR 3Y	4%
FCF CAGR 3Y	-12%
Equity CAGR 3Y	1%
Market Cap	$211.77M
Revenue	$1.55B
Assets	$1.70B
Total Debt	$749.00M
Cash	$53.32M
Shares Outstanding	36.26M
EV	907.45M
Earnings Score	10%
Moat Score	31%
Safety Score	42%
Final Score	28%
Gross Profit	$227.79M
Shares Growth 3y	-7%
Equity Growth QoQ	-1%
Equity Growth YoY	-2%

Assets & ROA

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Stockholders Equity & ROE

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Landsea Homes Corp is a homebuilding company. It designs and builds best-in-class homes and sustainable master-planned communities in some of the nation's most desirable markets. The company's segments include Arizona, California, Florida, Metro New York, and Texas. It derives a majority of revenue from California.

SEC Filings

Direct access to Landsea Homes Corp (LSEA) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 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 Landsea Homes Corp compare to its competitors?

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Peter Lynch's Chart

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

CAGR 84%

Stability 17%

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Landsea Homes Corp Discounted Cash Flow

Fully customizable DCF calculator online for Landsea Homes Corp.

Years

Calculation mode

= $226M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$24M	$24M	$23M	$23M	$23M	$23M	$23M	$23M	$22M	$22M	$22M	$221M
DCF		$21M	$19M	$17M	$16M	$14M	$13M	$12M	$10M	$9.4M	$8.5M	$85M
Value	$226M

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	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-	0%	-1%	5%	5%	2%	1%	1%
ROA	1%	2%	-2%	5%	8%	3%	2%	2%
ROE	12%	0%	-2%	8%	10%	4%	3%	3%

Bad Net Margins (1.11%)

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	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	-105.25	15.65	48.86	28.7	31.55	31.55
Debt over Equity	-	0	0.52	0.76	0.72	0.82	1.11	1.11
Growth Stability	-	-	-	-	100%	77%	34%	34%

Bad Debt/FCF ratio (31.55)

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

Neutral Debt/Equity ratio (1.11)

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

Bad Graham’s Stability (34%)

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	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	-	16%	39%	41%	-16%	28%	16%
Earnings YoY growth	-	199%	-613%	-668%	39%	-59%	-41%	28%
Equity YoY growth	-	12K%	-9%	17%	14%	-3%	-2%	7%
FCF YoY growth	-	-	-66%	-1K%	-65%	87%	21%	-3%