Market Summary
USD5475.51+49.44
Delayedas of 23 Mar 2023, 11:02 am0.91%
NVR Stock Price
NVR RSI Chart
NVR Valuation
NVR Price/Sales (Trailing)
NVR Profitability
NVR Fundamentals
NVR Revenue
NVR Earnings
Price Action
52 Week Range
3576.015549.43
(Low)(High)
Last 7 days
-0.3%
Last 30 days
2.4%
Last 90 days
9.9%
Trailing 12 Months
10.6%
NVR Financial Health
NVR Investor Care
Peers (Alternatives to NVR)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
DHI | 33.7B | 33.7B | -4.22% | 20.48% | 5.93 | 1 | 16.58% | 25.40% |
GRMN | 18.6B | 4.9B | -1.90% | -11.92% | 19.15 | 3.84 | -2.46% | -10.04% |
NVR | 17.9B | 10.5B | 2.36% | 10.58% | 10.37 | 1.7 | 17.60% | 39.53% |
PHM | 12.6B | 16.2B | -4.83% | 17.99% | 4.83 | 0.78 | 16.53% | 34.48% |
| MID-CAP | ||||||||
WHR | 7.0B | 19.7B | -12.75% | -30.01% | -4.6 | 0.35 | -10.28% | -185.19% |
TOL | 6.6B | 10.3B | -3.95% | 14.25% | 5 | 0.65 | 13.82% | 49.17% |
MTH | 4.0B | 5.6B | -7.85% | 14.86% | 4.04 | 0.65 | - | 34.54% |
KBH | 3.1B | 6.9B | -8.57% | -3.63% | 3.76 | 0.45 | 20.59% | 44.61% |
MDC | 2.7B | 5.7B | -7.50% | -10.13% | 4.79 | 0.47 | 8.82% | -2.01% |
LGIH | 2.5B | 2.3B | -10.91% | -11.25% | 7.67 | 1.09 | -24.45% | -23.99% |
| SMALL-CAP | ||||||||
MHO | 1.6B | 4.1B | -5.07% | 17.18% | 3.31 | 0.39 | 10.29% | 23.63% |
GRBK | 1.5B | 1.8B | -3.43% | 43.53% | 5.17 | 0.86 | 25.30% | 53.46% |
BZH | 460.2M | 2.3B | -9.42% | -14.74% | 2.19 | 0.2 | 6.55% | 45.02% |
HOV | 446.0M | 2.9B | -7.70% | -4.12% | 1.98 | 0.15 | 3.56% | -62.90% |
CHCI | 48.5M | 37.8M | 8.59% | 1.92% | 9.18 | 1.28 | 25.98% | -64.49% |
Financials for NVR
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 4.8% | 10,526 | 10,045 | 9,663 | 9,288 | 8,951 |
| EBITDA | -0.1% | 1,807 | 1,808 | - | - | - |
| EBITDA Margin | -4.0% | 0.19* | 0.19* | - | - | - |
| EBT Margin | -3.9% | 0.18* | 0.19* | - | - | - |
| Interest Expenses | -13.8% | 40.00 | 46.00 | 52.00 | 53.00 | 53.00 |
| Net Income | 7.5% | 1,726 | 1,605 | 1,526 | 1,414 | 1,237 |
| Net Income Margin | 2.6% | 0.16* | 0.16* | 0.16* | 0.15* | - |
| Free Cahsflow | 43.0% | 1,852 | 1,295 | 1,149 | 1,205 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 5.0% | 5,661 | 5,390 | 5,288 | 5,726 | 5,834 |
| Cash Equivalents | 41.4% | 2,575 | 1,821 | 1,564 | 2,227 | 2,637 |
| Liabilities | -6.5% | 2,154 | 2,305 | 2,296 | 3,001 | 2,832 |
| Shareholder's Equity | 13.7% | 3,507 | 3,085 | 2,992 | 2,726 | 3,002 |
| Retained Earnings | 4.0% | 11,773 | 11,319 | 10,907 | 10,474 | 10,048 |
| Additional Paid-In Capital | 2.4% | 2,600 | 2,539 | 2,498 | 2,417 | 2,378 |
| Shares Outstanding | -0.6% | 3.00 | 3.00 | 3.00 | - | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 42.4% | 1,870 | 1,313 | 1,169 | 1,223 | 1,242 |
| Share Based Compensation | 11.8% | 83.00 | 74.00 | 62.00 | 55.00 | 58.00 |
| Cashflow From Investing | -2.2% | -27.43 | -26.83 | -29.18 | -19.10 | -18.18 |
| Cashflow From Financing | 13.9% | -1,905 | -2,212 | -2,240 | -1,791 | -1,397 |
| Buy Backs | -15.2% | 1,500 | 1,769 | 1,799 | 1,909 | 1,538 |
Risks for NVR
What is the probability of a big loss on NVR?
66.5%
Probability that NVR stock will be more than 20% underwater in next one year
46.9%
Probability that NVR stock will be more than 30% underwater in next one year.
23.5%
Probability that NVR 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 NVR drawdown profile look like?
Y-axis is the maximum loss one would have experienced if NVR was unfortunately bought at previous high price.
Drawdowns
Returns for NVR
Cumulative Returns on NVR
17.7%
10-Year Cumulative Returns
17.8%
7-Year Cumulative Returns
11.7%
5-Year Cumulative Returns
22.1%
3-Year Cumulative Returns
What are the long-term rolling returns for NVR?
FIve years rolling returns for NVR.
Annualized Returns
Which funds bought or sold NVR recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 1.93 | 8,451,100 | 55,623,100 | 0.06% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -19.38 | -31,000 | 483,000 | -% |
2023-03-01 | Lakewood Asset Management LLC | new | - | 1,960,000 | 1,960,000 | 1.58% |
2023-02-28 | Voya Investment Management LLC | reduced | -2.02 | 924,999 | 7,846,000 | 0.01% |
2023-02-24 | National Pension Service | reduced | -7.55 | 1,602,360 | 24,668,100 | 0.05% |
2023-02-24 | NATIXIS | added | 25.12 | 1,104,100 | 3,630,100 | 0.02% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -13.81 | -82,000 | 28,796,000 | 0.30% |
2023-02-22 | IMS Capital Management | unchanged | - | 143,281 | 1,056,280 | 0.67% |
2023-02-21 | Empirical Finance, LLC | added | 4.85 | 139,976 | 797,976 | 0.08% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | reduced | -22.00 | -20,109 | 179,891 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
NVR News
Schedule 13G FIlings of NVR
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | capital research global investors | 3.7% | 119,731 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 10.77% | 344,319 | SC 13G/A | |
| Feb 07, 2023 | blackrock inc. | 7.2% | 230,029 | SC 13G/A | |
| Feb 11, 2022 | capital research global investors | 5.4% | 188,073 | SC 13G | |
| Feb 10, 2022 | vanguard group inc | 10.00% | 348,315 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 7.9% | 275,538 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 10.21% | 379,703 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 7.9% | 292,482 | SC 13G/A | |
| Feb 12, 2020 | vanguard group inc | 10.90% | 402,801 | SC 13G/A | |
| Feb 07, 2020 | fmr llc | - | 0 | SC 13G/A |
NVR Fair Value
NVR fair value in different scenarios
The table shows the Fair Value estimates for NVR 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 Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | - - | - - | - - | - - | - - |
| Current Inflation | 6384.06 16.59% | 8028.79 46.63% | 11447.11 109.06% | 27127.69 395.44% | 40485.52 639.39% |
| Very High Inflation | - - | - - | - - | - - | - - |
Historical NVR Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of NVR
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 15, 2023 | DEF 14A | DEF 14A | |
| Mar 15, 2023 | DEFA14A | DEFA14A | |
| Mar 10, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 15, 2023 | 10-K | Annual Report | |
| Feb 13, 2023 | SC 13G/A | Major Ownership Report | |
| Feb 09, 2023 | SC 13G/A | Major Ownership Report | |
| Feb 09, 2023 | 4 | Insider Trading | |
| Feb 07, 2023 | SC 13G/A | Major Ownership Report |
Latest Insider Trading transactions for NVR
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-02-28 | Malzahn Daniel David | acquired | 109,422 | 1,094 | 100 | chief financial officer |
2023-02-28 | Malzahn Daniel David | sold | -521,322 | 5,213 | -100 | chief financial officer |
2023-02-27 | Bredow Eugene James | acquired | 1,860,170 | 1,094 | 1,700 | chief executive officer |
2023-02-27 | Malzahn Daniel David | acquired | 2,188,440 | 1,094 | 2,000 | chief financial officer |
2023-02-27 | Malzahn Daniel David | sold | -10,333,900 | 5,166 | -2,000 | chief financial officer |
2023-02-27 | Bredow Eugene James | sold | -6,701,500 | 5,155 | -1,300 | chief executive officer |
2023-02-24 | Bredow Eugene James | sold | -10,260,000 | 5,130 | -2,000 | chief executive officer |
2023-02-24 | Bredow Eugene James | acquired | 2,188,440 | 1,094 | 2,000 | chief executive officer |
2023-02-08 | FESTA ALFRED E | acquired | 1,750,750 | 1,094 | 1,600 | - |
2023-02-08 | FESTA ALFRED E | sold | -8,052,540 | 5,032 | -1,600 | - |
NVR, Inc. operates as a homebuilder in the United States. The company operates in two segments, Homebuilding and Mortgage Banking. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers. It also provides various mortgage related services to its homebuilding customers, as well as brokers title insurance; performs title searches in connection with mortgage loan closings; and sells mortgage loans to investors in the secondary markets on a servicing released basis. The company primarily serves in Maryland, Virginia, West Virginia, Delaware, New Jersey, Eastern Pennsylvania, New York, Ohio, Western Pennsylvania, Indiana, Illinois, North Carolina, South Carolina, Florida, Tennessee, and Washington, D.C. NVR, Inc. was founded in 1980 and is headquartered in Reston, Virginia.
NVR Income Statement
2022-12-31Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Revenues | $ 10,526,434 | $ 8,951,025 | $ 7,536,923 |
| Interest expense | (39,524) | (53,117) | (40,872) |
| Profit before taxes | 2,253,194 | 1,590,403 | 1,078,033 |
| Income tax expense | (527,619) | (353,684) | (176,785) |
| Net income | $ 1,725,575 | $ 1,236,719 | $ 901,248 |
| Basic earnings per share (USD per share) | $ 525.20 | $ 345.37 | $ 244.11 |
| Diluted earnings per share (USD per share) | $ 491.82 | $ 320.48 | $ 230.11 |
| Basic weighted average shares outstanding (in Shares) | 3,285,562 | 3,580,800 | 3,691,987 |
| Diluted weighted average shares outstanding (in Shares) | 3,508,524 | 3,858,912 | 3,916,661 |
| Home Building | |||
| Revenues | $ 10,326,770 | $ 8,701,693 | $ 7,328,889 |
| Other income | 37,038 | 6,559 | 16,938 |
| Cost of sales | (7,662,271) | (6,763,115) | (5,937,401) |
| Selling, general and administrative | (532,353) | (474,808) | (431,008) |
| Interest expense | (38,140) | (51,530) | (39,458) |
| Profit before taxes | 2,131,044 | 1,418,799 | 937,960 |
| Operating income | 2,169,184 | 1,470,329 | 977,418 |
| Mortgage Banking | |||
| Revenues | 199,664 | 249,332 | 208,034 |
| Interest income | 11,853 | 8,725 | 8,930 |
| Other income | 4,963 | 3,753 | 3,249 |
| General and administrative | (92,946) | (88,619) | (78,726) |
| Interest expense | (1,384) | (1,587) | (1,414) |
| Profit before taxes | $ 122,150 | $ 171,604 | $ 140,073 |
NVR Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Inventory: | ||
| Land under development | $ 27,100 | $ 12,147 |
| Contract land deposits, net | 496,080 | 497,139 |
| Total assets | 5,660,973 | 5,834,475 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Operating Lease, Liability | 92,786 | |
| Total liabilities | 2,154,124 | 2,832,097 |
| Commitments and contingencies | ||
| Common stock, shares authorized | 60,000,000 | 60,000,000 |
| Common stock, par value | $ 0.01 | $ 0.01 |
| Shareholders' equity: | ||
| Common stock, $0.01 par value; 60,000,000 shares authorized; 20,555,330 shares issued as of both December 31, 2017 and December 31, 2016 | $ 206 | $ 206 |
| Additional paid-in capital | 2,600,014 | 2,378,191 |
| Deferred compensation trust – 108,640 shares of NVR, Inc. common stock as of both December 31, 2017 and December 31, 2016 | (16,710) | (16,710) |
| Deferred compensation liability | 16,710 | 16,710 |
| Retained earnings | 11,773,414 | 10,047,839 |
| Less treasury stock at cost – 16,864,324 and 16,862,327 shares as of December 31, 2017 and December 31, 2016, respectively | (10,866,785) | (9,423,858) |
| Total shareholders' equity | 3,506,849 | 3,002,378 |
| Total liabilities and shareholders' equity | $ 5,660,973 | $ 5,834,475 |
| Common stock, shares issued | 20,555,330 | 20,555,330 |
| Deferred compensation trust, shares | 106,697 | 106,697 |
| Home Building | ||
| ASSETS | ||
| Cash and cash equivalents | $ 2,503,424 | $ 2,545,069 |
| Restricted cash | 48,455 | 60,730 |
| Receivables | 20,842 | 18,552 |
| Inventory: | ||
| Lots and housing units, covered under sales agreements with customers | 1,554,955 | 1,777,862 |
| Unsold lots and housing units | 181,952 | 127,434 |
| Land under development | 27,100 | 12,147 |
| Building materials and other | 24,268 | 29,923 |
| Total Inventory | 1,788,275 | 1,947,366 |
| Contract land deposits, net | 496,080 | 497,139 |
| Property, plant and equipment, net | 57,950 | 56,979 |
| Operating Lease, Right-of-Use Asset | 71,081 | 59,010 |
| Goodwill acquired from business acquisition | 41,580 | 41,580 |
| Deferred tax assets, net | 143,585 | 132,894 |
| Other assets | 75,898 | 96,124 |
| Total assets | 5,247,170 | 5,455,443 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Accounts payable | 334,016 | 336,560 |
| Accrued expenses and other liabilities | 437,234 | 435,860 |
| Contract with Customer, Liability | 313,804 | 417,463 |
| Operating Lease, Liability | 75,818 | 64,128 |
| Senior notes | 914,888 | 1,516,255 |
| Total liabilities | 2,075,760 | 2,770,266 |
| Mortgage Banking | ||
| ASSETS | ||
| Cash and cash equivalents | 19,415 | 28,398 |
| Restricted cash | 2,974 | 2,519 |
| Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance | 316,806 | 302,192 |
| Inventory: | ||
| Property, plant and equipment, net | 3,559 | 3,658 |
| Operating Lease, Right-of-Use Asset | 16,011 | 9,758 |
| Goodwill acquired from business acquisition | 7,347 | 7,347 |
| Other assets | 47,691 | 25,160 |
| Total assets | 413,803 | 379,032 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Operating Lease, Liability | 16,968 | 10,437 |
| Accounts payable and other liabilities | 61,396 | 51,394 |
| Total liabilities | $ 78,364 | $ 61,831 |