Présentation de l'entreprise
KB Home operates as a prominent homebuilder within the United States, serving as one of the largest and most trusted entities in the residential construction sector. The company functions across 49 distinct markets, boasting a legacy of nearly 70 years during which it has successfully delivered over 700,000 quality homes to buyers. As a leader in the consumer cyclical industry, specifically focused on residential construction, KB Home distinguishes itself as the number one customer-ranked national homebuilder based on third-party buyer surveys. This valuation reflects a market capitalization of 3,22,000,000 dollars, indicating a significant presence in the housing market, supported by an annual revenue of 5,92,000,000 dollars and a workforce comprising 2,118 employees.
The substantial market cap of 3,22 billion dollars suggests that the market assigns considerable value to the company's extensive operational footprint and its reputation for quality, despite fluctuations in the broader economy. Revenue figures totaling 5,92 billion dollars underscore the scale of the company's output, highlighting its ability to generate significant sales volume through its diverse market presence. The employment of 2,118 individuals demonstrates the labor-intensive nature of the residential construction industry and the company's capacity to manage large-scale projects simultaneously. This scale provides KB Home with the resources to maintain its status as a trusted builder, leveraging its historical track record to navigate the cyclical demands of the housing sector.
Santé financière
The company reports a trailing twelve-month revenue of 5,92 billion dollars, generating a net income of 349,99 millions of dollars and an EBITDA of 516,26 millions of dollars. The disparity between the total revenue of 5,92 billion dollars and the net income of 349,99 millions of dollars reveals a cost structure where operating expenses, including cost of goods sold and administrative costs, consume a significant portion of gross sales. While the free cash flow metric is not explicitly disclosed in the available data, the presence of 200,53 millions of dollars in cash indicates a specific liquidity position that must be evaluated alongside the company's capital expenditure requirements. The gross margin stands at 18,6 percent, reflecting the typical cost pressures inherent in construction where material and labor costs heavily influence profitability. The operating margin of 3,8 percent indicates the efficiency of the company's core business operations after covering all operating expenses, while the profit margin of 6,0 percent shows the final percentage of revenue that translates into bottom-line earnings.
Comparing the available cash reserves of 200,53 millions of dollars against total debt of 1,89 billion dollars highlights a leveraged balance sheet structure. The debt-to-equity ratio of 49,11 further quantifies this leverage, suggesting that the company utilizes substantial debt financing relative to its equity base to fund its operations and acquisitions. Despite the high debt load, the current ratio of 6,56 indicates a robust short-term liquidity position, as the company holds significantly more current assets than current liabilities. This strong liquidity suggests the ability to meet short-term obligations without immediate distress, even when accounting for the higher debt burden. Return on equity of 8,9 percent and return on assets of 4,4 percent provide insight into management effectiveness, showing that the company generates returns that are positive but constrained by its high leverage and the capital intensity of the construction industry.
Évaluation de la valorisation
The trailing twelve-month P/E ratio is recorded at 9,92, while the forward P/E stands at 11,18, implying that the market expects earnings growth sufficient to bridge the gap between current and future valuations. The price-to-book ratio of 0,83 indicates that the stock is trading below its book value, suggesting that the market does not currently assign a premium to the company's tangible assets or that expectations for future growth are tempered. Alternative valuation metrics such as the price-to-sales ratio of 0,54 and the EV/EBITDA of 9,51 offer additional context, showing that the company trades at a discount relative to both sales and adjusted earnings. The stock has a 52-week high of 68,71 dollars and a 52-week low of 48,90 dollars, placing the current trading range within a defined historical band that reflects recent market volatility. The beta of 1,50 indicates that the stock price exhibits higher volatility relative to the broader market, moving with greater intensity than the general index during periods of market fluctuation.
Growth & Income
Revenue growth year-over-year is reported at negative 22,6 percent, while earnings growth year-over-year is negative 65,1 percent, indicating that earnings are declining at a significantly faster rate than revenue. This divergence implies that cost pressures or a decline in pricing power are disproportionately affecting net income compared to top-line sales performance. Regarding income, the company offers a dividend yield of 1,9 percent with a payout ratio of 19,3 percent, suggesting that the dividend is paid from a small portion of earnings. Given the low payout ratio relative to earnings, the dividend appears sustainable in the short term, though the negative earnings growth trajectory poses a long-term challenge to maintaining this distribution without increasing leverage. The overall growth and income profile presents a mixed picture characterized by significant contraction in profitability and revenue, offset slightly by a modest dividend yield that serves as a return component despite the lack of organic growth momentum.