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BZH

Beazer Homes USANYSE:BZH Stock Report

Market Cap

US$549.7m

7D

4.1%

1Y

36.7%

Updated

28 Sep, 2021

Data

Company Financials +
BZH fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends0/6

BZH Overview

Beazer Homes USA, Inc. operates as a homebuilder in the United States.

Beazer Homes USA Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Beazer Homes USA
Historical stock prices
Current Share PriceUS$17.85
52 Week HighUS$12.07
52 Week LowUS$26.12
Beta2.08
1 Month Change-6.00%
3 Month Change-7.47%
1 Year Change36.68%
3 Year Change62.57%
5 Year Change54.81%
Change since IPO-40.08%

Recent News & Updates

Aug 02

Beazer Homes: Stop Hoarding Cash And Return It To Shareholders

Homebuilder Beazer Homes is trading at 5x EPS and has half its market cap in excess cash on its balance sheet. Interest rates are likely to remain low for long, aiding the housing market and preserving the earnings power of the company. The stock offers 60% upside if management can immediately take steps to return cash to shareholders.

Jun 02
Do Beazer Homes USA's (NYSE:BZH) Earnings Warrant Your Attention?

Do Beazer Homes USA's (NYSE:BZH) Earnings Warrant Your Attention?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

May 04

Beazer Homes USA, Inc. 2021 Q2 - Results - Earnings Call Presentation

The following slide deck was published by Beazer Homes USA, Inc. in conjunction with their 2021 Q2 earnings call.

May 03
Beazer Homes USA (NYSE:BZH) Seems To Use Debt Quite Sensibly

Beazer Homes USA (NYSE:BZH) Seems To Use Debt Quite Sensibly

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

BZHUS Consumer DurablesUS Market
7D4.1%1.3%2.0%
1Y36.7%32.8%32.8%

Return vs Industry: BZH exceeded the US Consumer Durables industry which returned 32.8% over the past year.

Return vs Market: BZH exceeded the US Market which returned 32.8% over the past year.

Price Volatility

Is BZH's price volatile compared to industry and market?
BZH volatility
BZH Beta2.08
Industry Beta1.45
Market Beta1

Stable Share Price: BZH is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BZH's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19851,063Allan Merrillhttps://www.beazer.com

Beazer Homes USA, Inc. operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

Beazer Homes USA Fundamentals Summary

How do Beazer Homes USA's earnings and revenue compare to its market cap?
BZH fundamental statistics
Market CapUS$549.66m
Earnings (TTM)US$98.45m
Revenue (TTM)US$2.24b

5.5x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BZH income statement (TTM)
RevenueUS$2.24b
Cost of RevenueUS$1.83b
Gross ProfitUS$406.68m
ExpensesUS$308.23m
EarningsUS$98.45m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.27
Gross Margin18.19%
Net Profit Margin4.40%
Debt/Equity Ratio164.8%

How did BZH perform over the long term?

See historical performance and comparison

Valuation

Is Beazer Homes USA undervalued compared to its fair value and its price relative to the market?

5.45x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BZH ($17.85) is trading above our estimate of fair value ($14.8)

Significantly Below Fair Value: BZH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BZH is good value based on its PE Ratio (5.5x) compared to the US Consumer Durables industry average (11.2x).

PE vs Market: BZH is good value based on its PE Ratio (5.5x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: BZH is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: BZH is good value based on its PB Ratio (0.8x) compared to the US Consumer Durables industry average (2.1x).


Future Growth

How is Beazer Homes USA forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

8.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BZH's forecast earnings growth (8.2% per year) is above the savings rate (2%).

Earnings vs Market: BZH's earnings (8.2% per year) are forecast to grow slower than the US market (15% per year).

High Growth Earnings: BZH's earnings are forecast to grow, but not significantly.

Revenue vs Market: BZH's revenue (4.9% per year) is forecast to grow slower than the US market (9.8% 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


Past Performance

How has Beazer Homes USA performed over the past 5 years?

-6.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BZH has high quality earnings.

Growing Profit Margin: BZH's current net profit margins (4.4%) are higher than last year (1.4%).


Past Earnings Growth Analysis

Earnings Trend: BZH's earnings have declined by 6% per year over the past 5 years.

Accelerating Growth: BZH's earnings growth over the past year (216%) exceeds its 5-year average (-6% per year).

Earnings vs Industry: BZH earnings growth over the past year (216%) exceeded the Consumer Durables industry 77.1%.


Return on Equity

High ROE: BZH's Return on Equity (14.6%) is considered low.


Financial Health

How is Beazer Homes USA's financial position?


Financial Position Analysis

Short Term Liabilities: BZH's short term assets ($1.8B) exceed its short term liabilities ($228.9M).

Long Term Liabilities: BZH's short term assets ($1.8B) exceed its long term liabilities ($1.2B).


Debt to Equity History and Analysis

Debt Level: BZH's debt to equity ratio (164.8%) is considered high.

Reducing Debt: BZH's debt to equity ratio has reduced from 222.7% to 164.8% over the past 5 years.

Debt Coverage: BZH's debt is well covered by operating cash flow (27.8%).

Interest Coverage: BZH's interest payments on its debt are well covered by EBIT (28.1x coverage).


Balance Sheet


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?

8.3yrs

Average management tenure


CEO

Allan Merrill (55 yo)

10.25yrs

Tenure

US$7,085,878

Compensation

Mr. Allan P. Merrill serves as an Independent Director of Federal Home Loan Mortgage Corporation (also known as Freddie Mac) since September 1, 2020. He has been the Chief Executive Officer and President o...


CEO Compensation Analysis

Compensation vs Market: Allan's total compensation ($USD7.09M) is above average for companies of similar size in the US market ($USD1.68M).

Compensation vs Earnings: Allan's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: BZH's management team is seasoned and experienced (8.3 years average tenure).


Board Members

Experienced Board: BZH's board of directors are not considered experienced ( 2.4 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 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$549.663m
  • Shares outstanding: 30.07m
  • Website: https://www.beazer.com

Number of Employees


Location

  • Beazer Homes USA, Inc.
  • 1000 Abernathy Road
  • Suite 260
  • Atlanta
  • Georgia
  • 30328
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/28 22:11
End of Day Share Price2021/09/28 00:00
Earnings2021/06/30
Annual Earnings2020/09/30


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.