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KB Home Stock Research

KBH

37.48USD+0.08(+0.21%)Market Closed

Market Summary

USD37.48+0.08
Market Closed
0.21%

KBH Stock Price

KBH RSI Chart

KBH Valuation

Market Cap

3.2B

Price/Earnings (Trailing)

4.19

Price/Sales (Trailing)

0.49

Price/Free Cashflow

-25.72

KBH Price/Sales (Trailing)

KBH Profitability

Return on Equity

22.19%

Return on Assets

11.51%

Free Cashflow Yield

-3.89%

KBH Fundamentals

KBH Revenue

Revenue (TTM)

6.6B

Revenue Y/Y

25.75%

Revenue Q/Q

7.26%

KBH Earnings

Earnings (TTM)

774.5M

Earnings Y/Y

70.11%

Earnings Q/Q

21.2%

Price Action

52 Week Range

24.5342.24
(Low)(High)

Last 7 days

6%

Last 30 days

19.6%

Last 90 days

28.1%

Trailing 12 Months

-4.3%

KBH Financial Health

KBH Investor Care

Dividend Yield

1.57%

Buy Backs (1Y)

3.98%

Diluted EPS (TTM)

8.55

Peers (Alternatives to KB Home)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
33.1B
33.7B
9.97% 15.90%
5.83
0.98
16.58% 25.28%
19.0B
4.9B
9.35% -15.83%
19.62
3.84
0.06% -14.44%
16.7B
10.0B
12.22% 1.30%
10.42
1.67
10.81% 32.99%
12.2B
15.4B
17.22% 5.94%
5.07
0.79
20.81% 39.34%
MID-CAP
8.3B
20.6B
11.38% -19.61%
21.39
0.4
-6.15% -80.45%
6.5B
10.3B
16.22% 5.45%
5.04
0.63
16.90% 54.33%
3.9B
5.6B
19.15% 8.06%
4.03
0.65
- 48.24%
3.2B
6.6B
19.63% -4.33%
4.19
0.49
26.60% 55.96%
2.7B
5.3B
24.62% -14.05%
4.22
0.39
- 15.50%
2.6B
2.6B
22.64% -5.03%
6.38
0.98
-16.82% -11.22%
SMALL-CAP
1.6B
4.0B
31.29% 16.93%
3.43
0.41
10.15% 30.28%
1.4B
1.8B
30.92% 36.54%
4.64
0.78
47.66% 92.13%
490.4M
2.3B
29.00% -12.60%
2.22
0.21
8.26% 80.87%
363.2M
2.9B
30.71% -40.60%
1.61
0.12
5.01% -62.90%
39.4M
37.8M
3.48% -
7.46
1.04
25.98% -64.49%

Financials for KB Home

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue6.0%6,6396,2615,9825,7255,244
Interest Expenses27.2%97371
Net Income15.7%774669602565497
Net Income Margin9.1%0.12*0.11*0.10*0.10*-
Free Cahsflow66.6%-126.02-377.28-249.93-76.69-
* denotes actual numbers (not divided by Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets2.3%6,7316,5796,1885,8365,756
    Cash Equivalents-20.0%197247243292351
  Net PPE5.3%7672---
Shareholder's Equity6.1%3,4913,2913,1343,0192,842
  Retained Earnings9.0%2,9402,6972,4992,3792,218
  Additional Paid-In Capital0.8%842835828849842
Shares Outstanding-1.6%86888890-
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations75.7%-81.07-334.04-209.07-37.30-198.76
  Share Based Compensation3.0%3231302929
Cashflow From Investing-23.3%-65.65-53.26-44.24-38.08-34.73
Cashflow From Financing-129.7%-7.3725-74.92-315.01-138.29
  Dividend Payments-0.7%5353545455
  Buy Backs-73.4%100376188376-

Risks for KBH

What is the probability of a big loss on KBH?

90.4%


Probability that KB Home stock will be more than 20% underwater in next one year

58.5%


Probability that KB Home stock will be more than 30% underwater in next one year.

38.5%


Probability that KB Home stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does KBH drawdown profile look like?

Y-axis is the maximum loss one would have experienced if KB Home was unfortunately bought at previous high price.

Drawdowns

Returns for KBH

Cumulative Returns on KBH

8.3%


10-Year Cumulative Returns

20.7%


7-Year Cumulative Returns

3.9%


5-Year Cumulative Returns

0.3%


3-Year Cumulative Returns

What are the long-term rolling returns for KBH?

FIve years rolling returns for KB Home.

Annualized Returns

Which funds bought or sold KBH recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-01-26
COMERICA BANK
reduced
-3.8
245,000
1,319,000
0.01%
2023-01-26
DUPONT CAPITAL MANAGEMENT CORP
reduced
-10.33
14,045
150,045
0.01%
2023-01-26
Boston Common Asset Management, LLC
reduced
-5.35
2,449,000
17,469,000
0.84%
2023-01-26
OREGON PUBLIC EMPLOYEES RETIREMENT FUND
reduced
-2.58
129,421
785,421
0.01%
2023-01-26
State of Tennessee, Treasury Department
added
7.78
-20,000
1,060,000
-%
2023-01-26
SkyOak Wealth, LLC
reduced
-14.25
19,187
383,187
0.13%
2023-01-26
Eagle Bay Advisors LLC
added
55.35
38,237
82,237
0.05%
2023-01-26
CENTRAL TRUST Co
reduced
-75
-1,363
637
-%
2023-01-26
Cascade Investment Advisors, Inc.
added
0.52
30,193
307,193
0.26%
2023-01-26
Inspire Investing, LLC
reduced
-7.62
27,512
234,512
0.03%

1–10 of 48

Latest Funds Activity

Are funds buying KBH calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own KBH
No. of Funds

KB Home News

MarketBeat

BOK Financial Private Wealth Inc. Invests $257000 in KB Home ....

MarketBeat,
16 hours ago

Forbes

Investor's Business Daily

Seeking Alpha

New home s (NYSE:BZH).

Seeking Alpha,
2 days ago

Yahoo Finance

Bear of the Day: KB Home (KBH).

Yahoo Finance,
10 days ago

Schedule 13G FIlings of KB Home

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Jan 26, 2023
blackrock inc.
12.0%
10,281,343
SC 13G/A
Jan 20, 2023
blackrock inc.
12.0%
10,281,343
SC 13G/A
Feb 10, 2022
vanguard group inc
8.99%
7,862,708
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Jan 27, 2022
blackrock inc.
12.2%
10,628,707
SC 13G/A
Jan 25, 2022
blackrock inc.
12.2%
10,628,707
SC 13G/A
Feb 10, 2021
vanguard group inc
8.69%
7,865,327
SC 13G/A
Feb 08, 2021
fmr llc
-
0
SC 13G
Jan 27, 2021
blackrock inc.
12.3%
11,151,919
SC 13G/A
Feb 14, 2020
aqr capital management llc
1.95%
1,720,723
SC 13G/A

KBH Fair Value

KB Home fair value in different scenarios

The table shows the Fair Value estimates for KB Home for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

109.25

191.49%

149.58

299.09%

190.65

408.67%

259.05

591.17%

323.25

762.46%

Current Inflation

99.72

166.06%

133.96

257.42%

168.02

348.29%

226.24

503.63%

280.09

647.31%

Very High Inflation

88.00

134.79%

115.25

207.50%

141.48

277.48%

188.10

401.87%

230.36

514.62%

Historical KB Home Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of KB Home

View All Filings
Date Filed Form Type Document
Jan 26, 2023
SC 13G/A
Major Ownership Report
Jan 23, 2023
4
Insider Trading
Jan 23, 2023
4
Insider Trading
Jan 23, 2023
4
Insider Trading
Jan 23, 2023
8-K
Current Report
Jan 20, 2023
10-K
Annual Report
Jan 20, 2023
SC 13G/A
Major Ownership Report
Jan 11, 2023
8-K
Current Report
Nov 16, 2022
8-K
Current Report
Oct 31, 2022
4
Insider Trading

Latest Insider Trading transactions for KBH

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-19
HOLLINGER WILLIAM R
acquired
-
-
1,698
svp & chief accounting officer
2023-01-19
Woram Brian J
acquired
-
-
5,613
evp and general counsel
2023-01-19
MEZGER JEFFREY T
acquired
-
-
60,514
president and ceo
2022-10-27
PRAW ALBERT Z
sold
-856,684
28.77
-29,777
evp, real estate & bus. dev.
2022-10-25
McGibney Robert V.
sold (taxes)
-62,243
29.14
-2,136
evp and coo
2022-04-07
Collins Arthur Reginald
acquired
-
-
5,230
-
2022-04-07
Gilligan Thomas W.
acquired
-
-
5,230
-
2022-04-07
Niccol Brian R
acquired
-
-
8,769
-
2022-04-07
Finchem Timothy W
acquired
-
-
9,091
-
2022-04-07
Gabriel Stuart A
acquired
-
-
5,230
-

1–10 of 50

Jeffrey T. Mezger
2240
KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers. The company also offers financial services, such as insurance products and title services. It has operations in Arizona, California, Colorado, Florida, Nevada, North Carolina, Texas, and Washington. The company was formerly known as Kaufman and Broad Home Corporation and changed its name to KB Home in January 2001. KB Home was founded in 1957 and is headquartered in Los Angeles, California.

KBH Income Statement

2022-11-30
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Nov. 30, 2020
Revenues$ 6,903,776$ 5,724,930$ 4,183,174
Equity in income (loss) of unconsolidated joint ventures19,93423,18433,628
Loss on early extinguishment of debt(3,598)(5,075)0
Total pretax income1,072,066695,346364,043
Income tax expense(255,400)(130,600)(67,800)
Net income$ 816,666$ 564,746$ 296,243
Earnings per share:   
Basic (in dollars per share)$ 9.35$ 6.22$ 3.26
Diluted (in dollars per share)$ 9.09$ 6.01$ 3.13
Weighted average shares outstanding:   
Basic (in shares)86,86190,40190,464
Diluted (in shares)89,34893,58794,086
Homebuilding   
Revenues$ 6,880,362$ 5,705,029$ 4,167,702
Construction and land costs(5,213,343)(4,469,311)(3,380,451)
Selling, general and administrative expenses(629,645)(574,376)(470,779)
Operating income1,037,374661,342316,472
Interest income7041,0492,554
Equity in income (loss) of unconsolidated joint ventures(865)(405)12,474
Loss on early extinguishment of debt(3,598)(5,075)0
Total pretax income1,033,615656,911331,500
Financial service   
Revenues23,41419,90115,472
Selling, general and administrative expenses(5,762)(5,055)(4,083)
Operating income17,65214,84611,389
Equity in income (loss) of unconsolidated joint ventures20,79923,58921,154
Total pretax income$ 38,451$ 38,435$ 32,543

KBH Balance Sheet

2022-11-30
Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2022
Nov. 30, 2021
Assets  
Cash and cash equivalents$ 330,198$ 292,136
Inventories5,543,1764,802,829
Property and equipment, net89,23476,313
Total assets6,651,9305,835,918
Liabilities and stockholders’ equity  
Accrued expenses and other liabilities736,971756,905
Notes payable1,838,5111,685,027
Stockholders’ equity:  
Preferred stock — $1.00 par value; 10,000,000 shares authorized; none issued00
Common stock —$1.00 par value; 290,000,000 shares authorized at November 30, 2022 and 2021; 100,711,153 shares issued at November 30, 2022 and 2021100,711100,711
Paid-in capital836,260848,620
Retained earnings3,143,5782,379,364
Accumulated other comprehensive loss(5,575)(19,119)
Grantor stock ownership trust, at cost: 6,705,247 shares at November 30, 2022 and 2021(72,718)(72,718)
Treasury stock, at cost: 10,015,507 and 5,785,058 shares at November 30, 2022 and 2021, respectively(341,461)(217,383)
Total stockholders’ equity3,660,7953,019,475
Total liabilities and stockholders’ equity$ 6,651,930$ 5,835,918
Shares of common stock issued (in shares)100,711,153100,711,153
Grantor stock ownership trust (in shares)6,705,2476,705,247
Homebuilding  
Assets  
Cash and cash equivalents$ 328,517$ 290,764
Receivables322,767304,191
Inventories5,543,1764,802,829
Investments in unconsolidated joint ventures46,78536,088
Property and equipment, net89,23476,313
Deferred tax assets, net160,868177,378
Other assets101,051104,153
Total assets6,592,3985,791,716
Liabilities and stockholders’ equity  
Accounts payable412,525371,826
Accrued expenses and other liabilities736,971756,905
Notes payable1,838,5111,685,027
Total Homebuilding2,988,0072,813,758
Financial service  
Assets  
Cash and cash equivalents1,6811,372
Receivables3,4752,166
Investments in unconsolidated joint ventures26,67816,317
Other assets[1]27,69824,347
Total assets59,53244,202
Liabilities and stockholders’ equity  
Financial services$ 3,128$ 2,685
[1]Other assets at November 30, 2022 and 2021 included $27.6 million and $24.1 million, respectively, of contract assets for estimated future renewal commissions