회사 개요
Beazer Homes USA, Inc. operates as a homebuilder within the United States, specializing in the design, construction, and sale of single-family homes, condominiums, villas, and duets homes through its Beazer Homes, Gatherings, and Choice Plans brands. The company functions within the Consumer Cyclical sector and the Residential Construction industry, a classification that signifies its performance is directly tied to consumer spending power and housing market cycles. This enterprise employs a workforce of 1,018 individuals and holds a market capitalization of $643.28M, generating total revenue of $2.27B over the trailing twelve months. These financial metrics indicate that the company maintains a significant operational footprint, though its market valuation relative to its revenue stream suggests a specific positioning within the broader residential construction landscape that warrants careful analysis of its cost efficiency and market share dynamics.
재무 건전성
The company reported a revenue of $2.27B for the trailing twelve months, while net income stood at $9.86M and EBITDA reached $37.11M, highlighting a substantial gap between top-line sales and bottom-line profitability that reveals a cost structure heavily impacted by operating expenses. Free cash flow for the period was recorded at $4.10M, which indicates limited financial flexibility for discretionary spending or aggressive expansion without securing additional external capital. Margins further illustrate the operational challenges, with a gross margin of 14.0%, an operating margin of -8.1%, and a profit margin of 0.4%, collectively demonstrating that operating costs are consuming a significant portion of gross revenue before reaching the bottom line. The balance sheet presents a highly leveraged profile, holding $120.76M in cash against $1.15B in total debt, resulting in a debt-to-equity ratio of 95.99. Despite the high leverage, the current ratio stands at an exceptionally high 13.46, suggesting robust short-term liquidity and an ability to cover obligations without immediate distress. However, the return on equity is merely 0.8% and the return on assets is 0.4%, metrics that reveal management effectiveness in generating returns on the substantial capital base is currently minimal.
밸류에이션 평가
Valuation multiples show a trailing P/E ratio of 75.17 compared to a forward P/E of 7.29, implying that the market is pricing in a dramatic and rapid improvement in expected earnings trajectory to justify the current stock price. The price-to-book ratio is 0.52, which indicates that the market is valuing the company at a significant discount to its net asset value, suggesting potential undervaluation or concerns regarding the quality of assets. Alternative valuation metrics such as a price-to-sales ratio of 0.28 and an EV/EBITDA of 44.60 suggest that the stock is priced very cheaply relative to its sales volume and earnings power, despite the high debt load. The stock has traded between a 52-week high of $28.33 and a 52-week low of $17.37, and the current price sits significantly below the recent peak, reflecting recent market volatility. The beta of 2.22 indicates that the stock's price volatility is more than twice that of the broader market, meaning price swings will be amplified relative to general equity market movements.
Growth & Income
Revenue growth year-over-year declined by 22.5%, while earnings growth is not applicable (N/A), indicating that the company is currently shrinking rather than expanding its top line. The absence of a positive earnings growth rate relative to declining revenue suggests that the company is struggling to maintain profitability as sales volumes contract. As the company does not pay dividends, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, it reinvests its limited earnings into operations rather than distributing cash to shareholders. The overall growth and income profile for Beazer Homes USA, Inc. is characterized by negative revenue momentum and a lack of dividend income, relying instead on potential operational improvements to drive future value.