Financials NVR, Inc.

Equities

NVR

US62944T1051

Homebuilding

Market Closed - Nyse 04:01:45 2024-04-26 pm EDT 5-day change 1st Jan Change
7,647 USD -1.01% Intraday chart for NVR, Inc. -0.49% +9.24%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 14,009 15,086 20,556 14,741 22,296 24,223 - -
Enterprise Value (EV) 1 13,478 13,860 19,466 13,104 20,041 21,934 20,594 21,645
P/E ratio 17.2 x 17.7 x 18.4 x 9.38 x 15.1 x 15.5 x 15 x 15.1 x
Yield - - - - - - - -
Capitalization / Revenue 1.9 x 2.06 x 2.36 x 1.43 x 2.39 x 2.36 x 2.27 x 2.19 x
EV / Revenue 1.82 x 1.89 x 2.24 x 1.27 x 2.15 x 2.14 x 1.93 x 1.96 x
EV / EBITDA 13.9 x 13.9 x 13.1 x 5.99 x 10.9 x 10.8 x 10.2 x 10.8 x
EV / FCF 16 x 15.2 x 15.9 x 7.08 x 13.6 x 13.9 x 13.5 x -
FCF Yield 6.26% 6.56% 6.29% 14.1% 7.35% 7.18% 7.4% -
Price to Book 5.91 x 4.86 x 6.78 x 4.23 x 5.12 x 5.51 x 5 x 4.08 x
Nbr of stocks (in thousands) 3,678 3,698 3,479 3,196 3,185 3,168 - -
Reference price 2 3,808 4,080 5,909 4,613 7,000 7,647 7,647 7,647
Announcement Date 1/28/20 1/28/21 2/1/22 1/31/23 1/30/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,389 7,329 8,702 10,327 9,315 10,263 10,688 11,057
EBITDA 1 969 999.4 1,490 2,187 1,839 2,036 2,027 2,007
EBIT 1 948.2 977.4 1,470 2,169 1,822 1,945 1,985 1,984
Operating Margin 12.83% 13.34% 16.9% 21.01% 19.57% 18.95% 18.57% 17.95%
Earnings before Tax (EBT) 1 1,026 1,078 1,590 2,253 1,928 2,037 1,978 1,956
Net income 1 878.5 901.2 1,237 1,726 1,592 1,640 1,605 1,536
Net margin 11.89% 12.3% 14.21% 16.71% 17.09% 15.98% 15.01% 13.89%
EPS 2 221.1 230.1 320.5 491.8 463.3 494.9 509.3 506.0
Free Cash Flow 1 843.8 909.2 1,225 1,852 1,473 1,575 1,524 -
FCF margin 11.42% 12.41% 14.07% 17.93% 15.82% 15.35% 14.26% -
FCF Conversion (EBITDA) 87.08% 90.97% 82.19% 84.68% 80.09% 77.34% 75.2% -
FCF Conversion (Net income) 96.05% 100.88% 99.01% 107.31% 92.56% 96.04% 94.98% -
Dividend per Share 2 - - - - - - - -
Announcement Date 1/28/20 1/28/21 2/1/22 1/31/23 1/30/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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
Net sales 1 2,337 2,177 2,309 2,610 2,739 2,668 2,131 2,284 2,512 2,387 2,286 2,552 2,668 2,759 2,429
EBITDA 1 412.6 409.6 534.2 561.3 549.9 559.1 416.9 445.6 511.6 465.3 437.4 541.3 562.9 571.2 484.2
EBIT 1 407.9 404.8 529.7 556.8 527.8 554.9 412.8 441.3 507.4 460.9 448.3 474.7 510.8 528.2 442.1
Operating Margin 17.46% 18.6% 22.94% 21.33% 19.27% 20.8% 19.37% 19.33% 20.2% 19.31% 19.61% 18.6% 19.14% 19.14% 18.2%
Earnings before Tax (EBT) 1 434.1 426.8 565.9 574 538.5 574.7 433.8 471.2 539.3 484 470.7 496.4 524.1 545.3 420.4
Net income 1 332.1 334.6 426.1 433.3 411.4 454.8 344.4 404 433.2 410.1 394.3 402.3 415.7 423.2 367.7
Net margin 14.21% 15.37% 18.45% 16.6% 15.02% 17.05% 16.16% 17.69% 17.24% 17.18% 17.25% 15.76% 15.58% 15.34% 15.14%
EPS 2 86.44 89.09 116.6 123.6 118.5 133.4 99.89 116.5 125.3 121.6 116.4 121.8 127.4 129.7 111.5
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 10/21/21 2/1/22 4/26/22 7/26/22 10/25/22 1/31/23 4/25/23 7/25/23 10/24/23 1/30/24 4/23/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 531 1,226 1,090 1,637 2,255 2,289 3,629 2,578
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 844 909 1,225 1,852 1,473 1,575 1,524 -
ROE (net income / shareholders' equity) 42.3% 33.1% 40.5% 53% 40.4% 36.9% 35.4% 28.5%
ROA (Net income/ Total Assets) 25.2% 18.8% 21.3% 30% 26% 24.3% 24.2% -
Assets 1 3,488 4,793 5,806 5,748 6,131 6,747 6,640 -
Book Value Per Share 2 644.0 840.0 871.0 1,089 1,366 1,387 1,531 1,875
Cash Flow per Share 2 218.0 236.0 322.0 533.0 436.0 503.0 501.0 -
Capex 1 22.7 16.1 17.9 18.4 24.9 22.3 23 24
Capex / Sales 0.31% 0.22% 0.21% 0.18% 0.27% 0.22% 0.22% 0.22%
Announcement Date 1/28/20 1/28/21 2/1/22 1/31/23 1/30/24 - - -
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
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
7,647 USD
Average target price
8,554 USD
Spread / Average Target
+11.86%
Consensus