United Homes Group, Inc.

Consumer Discretionary
Homebuilding
www.unitedhomesgroup.com

Earnings Score
Moat Score

Market Cap $211.88M
PE -10
Debt -
Cash $25.82M
EV -
FCF -$29.36M

Earnings

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Sales & Net Margins

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Earnings	-$20.40M
EBIT	-$20.89M
ROE	-103%
ROA	-7%
FCF	-$29.36M
Equity	$19.79M
Growth Stability	1
PE	-10.39
PEG	-0.06
PB	10.71
P/FCF	-7.22
P/S	0.48
Price/Cash	0.12
Net Margins	14%
Gross Margins	18%
Op. Margins	-5%
Earnings CAGR	188%
Sales Growth YoY	35%
Sales Growth QoQ	8%
Sales CAGR	-1%
FCF CAGR	0%
Equity CAGR	50%
Earnings Stability	-0.41

Earnings Growth YoY	-105%
Earnings Growth QoQ	-126%
Earnings CAGR 5Y	188%
Sales CAGR 5Y	-1%
FCF CAGR 5Y	0%
Equity CAGR 5Y	50%
Earnings CAGR 3Y	-2%
Sales CAGR 3Y	-2%
FCF CAGR 3Y	1%
Equity CAGR 3Y	-20%
Market Cap	$211.88M
Revenue	$445.73M
Assets	$282.61M
Cash	$25.82M
Shares Outstanding	48.38M
Earnings Score	6%
Moat Score	33%
Gross Profit	$79.67M
Shares Growth 3y	35%
Equity Growth QoQ	-23%
Equity Growth YoY	-43%

Assets & ROA

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Stockholders Equity & ROE

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United Homes Group, Inc. (UHG) is a home builder in the southeast United States. The Company's builder brand is Great Southern Homes (GSH). GSH has delivered approximately 11,000 homes in the South Carolina and Georgia markets and is also focused on expanding into North Carolina. GSH focuses on the entry-level and first-time move-up home buyer segments.

SEC Filings

Direct access to United Homes Group, Inc. (UHG) 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 United Homes Group, Inc. compare to its competitors?

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Peter Lynch's Chart

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

CAGR 188%

Stability -41%

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United Homes Group, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for United Homes Group, Inc..

Years

Calculation mode

= -$298M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$29M	-$29M	-$29M	-$30M	-$30M	-$30M	-$30M	-$30M	-$30M	-$30M	-$30M	-$301M
DCF		-$27M	-$24M	-$22M	-$20M	-$18M	-$17M	-$15M	-$14M	-$13M	-$12M	-$116M
Value	-$298M

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	12/2021	12/2022	12/2023	TTM
Net Margins	-	1%	30%	14%
ROA	1%	2%	43%	-7%
ROE	4%	12%	-401%	-103%

Good Net Margins (14.06%)

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	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	2.87	-
Debt over Equity	-	2.05	-2.58	-
Growth Stability	-	-	-	1

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 (1)

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	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-12%	-1%
Earnings YoY growth	-	161%	2K%	188%
Equity YoY growth	-	-11%	-153%	50%
FCF YoY growth	-	-	-2K%	0%