Beazer Homes USA
Market Cap
US$390.7m
Last Updated
2020/09/30 23:46 UTC
Data Sources
Company Financials +
Executive Summary
Beazer Homes USA, Inc. operates as a homebuilder in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with excellent balance sheet.
Similar Companies
Share Price & News
How has Beazer Homes USA's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BZH's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
13.3%
BZH
4.3%
US Consumer Durables
3.9%
US Market
1 Year Return
-9.7%
BZH
23.2%
US Consumer Durables
18.5%
US Market
Return vs Industry: BZH underperformed the US Consumer Durables industry which returned 21% over the past year.
Return vs Market: BZH underperformed the US Market which returned 17.2% over the past year.
Shareholder returns
| BZH | Industry | Market | |
|---|---|---|---|
| 7 Day | 13.3% | 4.3% | 3.9% |
| 30 Day | 7.8% | 3.0% | -4.3% |
| 90 Day | 35.1% | 28.6% | 8.1% |
| 1 Year | -9.7%-9.7% | 24.7%23.2% | 21.2%18.5% |
| 3 Year | -33.0%-33.0% | 18.9%13.9% | 38.2%29.0% |
| 5 Year | -10.3%-10.3% | 46.4%37.4% | 84.3%63.4% |
Price Volatility Vs. Market
How volatile is Beazer Homes USA's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Bullish: This Analyst Just Lifted Their Beazer Homes USA, Inc. (NYSE:BZH) Outlook For Next Year2 weeks ago | Simply Wall St
Reflecting on Beazer Homes USA's (NYSE:BZH) Share Price Returns Over The Last Three Years1 month ago | Simply Wall St
Do Insiders Own Lots Of Shares In Beazer Homes USA, Inc. (NYSE:BZH)?Valuation
Is Beazer Homes USA undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BZH ($13.2) is trading below our estimate of fair value ($324.17)
Significantly Below Fair Value: BZH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BZH is good value based on its PE Ratio (12.6x) compared to the US Consumer Durables industry average (13.8x).
PE vs Market: BZH is good value based on its PE Ratio (12.6x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: BZH is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: BZH is good value based on its PB Ratio (0.7x) compared to the US Consumer Durables industry average (1.6x).
Next Steps
Future Growth
How is Beazer Homes USA forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
23.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BZH's forecast earnings growth (23.4% per year) is above the savings rate (2.2%).
Earnings vs Market: BZH's earnings (23.4% per year) are forecast to grow faster than the US market (22.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BZH's revenue (4.9% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: BZH's revenue (4.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BZH's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Beazer Homes USA performed over the past 5 years?
-61.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BZH has a large one-off loss of $27.8M impacting its June 30 2020 financial results.
Growing Profit Margin: BZH became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: BZH's earnings have declined by 61% per year over the past 5 years.
Accelerating Growth: BZH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: BZH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Durables industry (17.8%).
Return on Equity
High ROE: BZH's Return on Equity (5.5%) is considered low.
Next Steps
Financial Health
How is Beazer Homes USA's financial position?
Financial Position Analysis
Short Term Liabilities: BZH's short term assets ($1.7B) exceed its short term liabilities ($199.1M).
Long Term Liabilities: BZH's short term assets ($1.7B) exceed its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: BZH's debt to equity ratio (209.1%) is considered high.
Reducing Debt: BZH's debt to equity ratio has reduced from 554% to 209.1% over the past 5 years.
Debt Coverage: BZH's debt is well covered by operating cash flow (22.6%).
Interest Coverage: BZH's interest payments on its debt are well covered by EBIT (10.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Beazer Homes USA current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BZH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BZH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BZH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BZH's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BZH's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.3yrs
Average management tenure
CEO
Allan Merrill (54 yo)
9.25yrs
Tenure
US$5,190,140
Compensation
Mr. Allan P. Merrill serves as a Independent Director at Federal Home Loan Mortgage Corporation (also known as Freddie Mac) since September 1, 2020. He has been the Chief Executive Officer and President of ...
CEO Compensation Analysis
Compensation vs Market: Allan's total compensation ($USD5.19M) is above average for companies of similar size in the US market ($USD1.96M).
Compensation vs Earnings: Allan's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 9.25yrs | US$5.19m | 2.4% $ 9.4m | |
| Executive VP | 9.25yrs | US$2.47m | 0.86% $ 3.4m | |
| Executive VP | 2.67yrs | US$1.74m | 0.17% $ 665.5k | |
| Vice President of Investor Relations & Treasurer | no data | no data | no data | |
| Area President & Chief Marketing Officer | 12.67yrs | no data | no data | |
| Senior Vice President of Corporate Development | 2.5yrs | no data | no data | |
| Head of California | no data | no data | no data | |
| Senior Vice President of Process Improvement | 21.67yrs | no data | no data | |
| Division President of Charleston Myrtle Beach & Savannah | 11.08yrs | US$3.16m | no data | |
| Area President | 5.17yrs | no data | no data | |
| President of Las Vegas Division | no data | no data | no data | |
| President of Virginia Division | 7.92yrs | no data | no data |
9.3yrs
Average Tenure
60yo
Average Age
Experienced Management: BZH's management team is seasoned and experienced (9.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 9.25yrs | US$5.19m | 2.4% $ 9.4m | |
| Independent Director | 1.08yrs | US$28.02k | 0.031% $ 122.6k | |
| Independent Director | 3.83yrs | US$210.00k | 0.15% $ 603.0k | |
| Independent Director | 8.33yrs | US$207.50k | 0.19% $ 759.0k | |
| Independent Director | 18.5yrs | US$198.50k | 0.23% $ 881.4k | |
| Lead Independent Director | 0.83yr | US$201.50k | 0.21% $ 814.1k | |
| Independent Director | 4.5yrs | US$205.00k | 0.13% $ 521.8k | |
| Independent Director | 1.08yrs | US$28.02k | 0.031% $ 122.6k |
2.8yrs
Average Tenure
63yo
Average Age
Experienced Board: BZH's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Beazer Homes USA, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Beazer Homes USA, Inc.
- Ticker: BZH
- Exchange: NYSE
- Founded: 1985
- Industry: Homebuilding
- Sector: Consumer Durables
- Market Cap: US$390.713m
- Shares outstanding: 29.60m
- Website: https://www.beazer.com
Number of Employees
Location
- Beazer Homes USA, Inc.
- 1000 Abernathy Road
- Suite 260
- Atlanta
- Georgia
- 30328
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BZH | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Feb 1994 |
| BE4A | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 1994 |
| 0HMG | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Feb 1994 |
Biography
Beazer Homes USA, Inc. operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans n ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/30 23:46 |
| End of Day Share Price | 2020/09/30 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/09/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.