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Equities

KBH

US48666K1097

Homebuilding

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
65.6 USD +2.07% Intraday chart for KB Home +7.49% +5.03%

Valuation

Fiscal Period: November 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,057 3,187 3,498 2,686 4,133 4,980 - -
Enterprise Value (EV) 1 4,352 4,253 4,892 4,196 5,095 5,957 5,887 5,799
P/E ratio 12.1 x 11.2 x 6.65 x 3.45 x 7.41 x 8.26 x 7.88 x 7.05 x
Yield 0.67% 1.19% 1.5% 1.91% 1.34% 1.22% 1.27% 1.35%
Capitalization / Revenue 0.67 x 0.76 x 0.61 x 0.39 x 0.64 x 0.74 x 0.71 x 0.68 x
EV / Revenue 0.96 x 1.02 x 0.85 x 0.61 x 0.79 x 0.88 x 0.83 x 0.79 x
EV / EBITDA 12 x 8.71 x 5.71 x 3.42 x 5.66 x 6.33 x 6.02 x 5.61 x
EV / FCF 20.7 x 15.1 x -63.8 x 30.4 x 4.87 x 14.6 x 14 x -
FCF Yield 4.84% 6.63% -1.57% 3.29% 20.6% 6.87% 7.12% -
Price to Book 1.3 x 1.21 x 1.17 x 0.75 x 1.04 x 1.18 x 1.05 x 0.95 x
Nbr of stocks (in thousands) 88,398 90,544 87,478 85,584 79,319 75,915 - -
Reference price 2 34.58 35.20 39.99 31.39 52.10 65.60 65.60 65.60
Announcement Date 1/9/20 1/12/21 1/12/22 1/11/23 1/10/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: November 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,553 4,183 5,725 6,904 6,411 6,742 7,061 7,346
EBITDA 1 363 488.5 857.2 1,226 900.5 941.5 977.5 1,034
EBIT 1 331.4 316.5 661.3 1,037 718.7 749.9 796.2 -
Operating Margin 7.28% 7.57% 11.55% 15.03% 11.21% 11.12% 11.28% -
Earnings before Tax (EBT) 1 348.2 364 695.3 1,072 771.3 801 832.4 853.2
Net income 1 268.8 296.2 564.7 816.7 590.2 615.1 631.8 648.8
Net margin 5.9% 7.08% 9.86% 11.83% 9.21% 9.12% 8.95% 8.83%
EPS 2 2.850 3.130 6.010 9.090 7.030 7.939 8.321 9.304
Free Cash Flow 1 210.6 281.8 -76.7 138.2 1,047 409.3 419.4 -
FCF margin 4.63% 6.74% -1.34% 2% 16.34% 6.07% 5.94% -
FCF Conversion (EBITDA) 58.02% 57.69% - 11.27% 116.29% 43.47% 42.9% -
FCF Conversion (Net income) 78.35% 95.14% - 16.92% 177.44% 66.55% 66.37% -
Dividend per Share 2 0.2300 0.4200 0.6000 0.6000 0.7000 0.8000 0.8340 0.8867
Announcement Date 1/9/20 1/12/21 1/12/22 1/11/23 1/10/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: November 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,675 1,399 1,720 1,845 1,940 1,384 1,765 1,587 1,674 1,468 1,651 1,766 1,856 1,462 1,680
EBITDA 1 266.9 210.8 305.6 374.7 329.9 196.6 249.9 224.4 229.6 198.9 220 245.5 270.8 180.5 226.7
EBIT 1 214.4 169.6 264.5 325.1 278.2 156.5 202.1 179.2 180.9 157.7 173.7 197.8 226.2 128.4 170.7
Operating Margin 12.8% 12.12% 15.38% 17.62% 14.34% 11.3% 11.45% 11.29% 10.81% 10.74% 10.52% 11.2% 12.18% 8.78% 10.16%
Earnings before Tax (EBT) 1 223.9 178.1 282.9 326.2 284.9 162.2 214.9 194.5 199.6 174.7 184.4 207.6 236.1 146.7 191.1
Net income 1 174.2 134.3 210.7 255.3 216.4 125.5 164.4 149.9 150.3 138.7 140 157.3 178.9 112.4 145.3
Net margin 10.4% 9.6% 12.25% 13.84% 11.15% 9.07% 9.32% 9.45% 8.98% 9.45% 8.48% 8.91% 9.64% 7.69% 8.65%
EPS 2 1.910 1.470 2.320 2.860 2.470 1.450 1.940 1.800 1.850 1.760 1.799 2.043 2.340 1.596 1.952
Dividend per Share 2 - 0.1500 0.1500 0.1500 0.1500 0.1500 0.1500 0.2000 0.1500 - 0.2000 0.2000 0.2000 0.2000 0.2000
Announcement Date 1/12/22 3/23/22 6/22/22 9/21/22 1/11/23 3/22/23 6/21/23 9/20/23 1/10/24 3/20/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: November 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,295 1,066 1,394 1,510 963 977 907 819
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.568 x 2.182 x 1.627 x 1.231 x 1.069 x 1.038 x 0.9283 x 0.7922 x
Free Cash Flow 1 211 282 -76.7 138 1,047 409 419 -
ROE (net income / shareholders' equity) 12% 11.7% 19.9% 24.5% 15.8% 15.3% 14.6% 14.2%
ROA (Net income/ Total Assets) 5.43% 5.71% 10.1% 17.2% 8.87% 8.98% 8.77% -
Assets 1 4,948 5,186 5,596 4,748 6,650 6,849 7,201 -
Book Value Per Share 2 26.60 29.10 34.20 42.00 50.20 55.50 62.30 68.90
Cash Flow per Share 2 2.680 3.300 -0.4000 2.050 13.00 -0.8100 4.490 -
Capex 1 40.5 28.8 39.4 45.2 35.5 34.1 34.5 40
Capex / Sales 0.89% 0.69% 0.69% 0.66% 0.55% 0.51% 0.49% 0.54%
Announcement Date 1/9/20 1/12/21 1/12/22 1/11/23 1/10/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
14
Last Close Price
65.6 USD
Average target price
72.96 USD
Spread / Average Target
+11.22%
Consensus