Market Cap
US$14.8b
Last Updated
2020/02/22 00:45 UTC
Data Sources
Company Financials +
Executive Summary
NVR, Inc. operates as a homebuilder in the United States.
Rewards
Risk Analysis
No risks detected for NVR from our risk checks.
Snowflake Analysis
Flawless balance sheet with solid track record.
Similar Companies
Share Price & News
How has NVR's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NVR has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.9%
NVR
-0.3%
US Consumer Durables
-1.0%
US Market
1 Year Return
50.4%
NVR
27.7%
US Consumer Durables
18.0%
US Market
Return vs Industry: NVR exceeded the US Consumer Durables industry which returned 27.7% over the past year.
Return vs Market: NVR exceeded the US Market which returned 18% over the past year.
Shareholder returns
| NVR | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | -0.3% | -1.0% |
| 30 Day | 0.07% | 0.7% | 0.6% |
| 90 Day | 9.3% | 9.3% | 7.9% |
| 1 Year | 50.4%50.4% | 29.5%27.7% | 20.4%18.0% |
| 3 Year | 109.0%109.0% | 33.1%27.2% | 48.0%38.5% |
| 5 Year | 202.6%202.6% | 39.7%30.5% | 72.2%53.3% |
Price Volatility Vs. Market
How volatile is NVR's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Do Institutions Own Shares In NVR, Inc. (NYSE:NVR)?1 week ago | Simply Wall St
Have Insiders Been Selling NVR, Inc. (NYSE:NVR) Shares?3 weeks ago | Simply Wall St
We Think NVR (NYSE:NVR) Can Stay On Top Of Its DebtValuation
Is NVR undervalued compared to its fair value and its price relative to the market?
25.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NVR ($4031.14) is trading below our estimate of fair value ($5409.73)
Significantly Below Fair Value: NVR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NVR is poor value based on its PE Ratio (16.7x) compared to the Consumer Durables industry average (13.8x).
PE vs Market: NVR is good value based on its PE Ratio (16.7x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: NVR is poor value based on its PEG Ratio (4.1x)
Price to Book Ratio
PB vs Industry: NVR is overvalued based on its PB Ratio (6.3x) compared to the US Consumer Durables industry average (1.5x).
Next Steps
Future Growth
How is NVR forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
4.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NVR's forecast earnings growth (4.1% per year) is above the savings rate (1.7%).
Earnings vs Market: NVR's earnings (4.1% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: NVR's earnings are forecast to grow, but not significantly.
Revenue vs Market: NVR's revenue (4.9% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: NVR'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: NVR's Return on Equity is forecast to be high in 3 years time (34.1%)
Next Steps
Past Performance
How has NVR performed over the past 5 years?
22.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NVR has high quality earnings.
Growing Profit Margin: NVR's current net profit margins (11.8%) are higher than last year (11.1%).
Past Earnings Growth Analysis
Earnings Trend: NVR's earnings have grown significantly by 22.9% per year over the past 5 years.
Accelerating Growth: NVR's earnings growth over the past year (10.2%) is below its 5-year average (22.9% per year).
Earnings vs Industry: NVR earnings growth over the past year (10.2%) exceeded the Consumer Durables industry 5.5%.
Return on Equity
High ROE: NVR's Return on Equity (37.5%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is NVR's financial position?
Financial Position Analysis
Short Term Liabilities: NVR's short term assets ($3.0B) exceed its short term liabilities ($628.4M).
Long Term Liabilities: NVR's short term assets ($3.0B) exceed its long term liabilities ($840.2M).
Debt to Equity History and Analysis
Debt Level: NVR's debt to equity ratio (25.6%) is considered satisfactory.
Reducing Debt: NVR's debt to equity ratio has reduced from 51.8% to 25.6% over the past 5 years.
Debt Coverage: NVR's debt is well covered by operating cash flow (144.8%).
Interest Coverage: NVR's interest payments on its debt are well covered by EBIT (43.2x coverage).
Balance Sheet
Inventory Level: NVR has a high level of physical assets or inventory.
Debt Coverage by Assets: NVR's debt is covered by short term assets (assets are 5.1x debt).
Next Steps
Dividend
What is NVR's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate NVR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate NVR's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NVR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NVR'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 NVR'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?
4.1yrs
Average management tenure
CEO
Paul Saville (63yo)
14.6yrs
Tenure
US$39,134,164
Compensation
Mr. Paul C. Saville has been the Chief Executive Officer and President of NVR Inc. since July 1, 2005. Mr. Saville served as an Executive Vice President of Finance and Chief Financial Officer of NVR Inc. f ...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD39.13M) is above average for companies of similar size in the US market ($USD10.79M).
Compensation vs Earnings: Paul's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 14.6yrs | US$39.13m | 0.38% $56.7m | |
| Senior VP | 7yrs | US$12.67m | 0.11% $16.2m | |
| President of Homebuilding Operations | 4.1yrs | US$11.47m | 0.13% $20.0m | |
| President of NVR Mortgage | 1.1yrs | US$10.44m | 0.027% $4.0m | |
| Senior VP & COO | 0yrs | no data | 0.012% $1.8m | |
| VP, Chief Accounting Officer & Controller | 2.1yrs | no data | 0.00094% $139.6k | |
| Vice President of Business Planning & Investor Relations | 0yrs | no data | no data | |
| VP, General Counsel & Secretary | 0yrs | no data | no data | |
| Senior Vice President of Human Resources | 0yrs | no data | no data |
4.1yrs
Average Tenure
49yo
Average Age
Experienced Management: NVR's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 26.4yrs | US$17.74m | 1.1% $163.5m | |
| Independent Director | 26.4yrs | US$788.58k | 0.017% $2.5m | |
| Independent Director | 8.2yrs | US$784.70k | 0.030% $4.5m | |
| Director | 26.4yrs | US$764.88k | 0.72% $106.6m | |
| Independent Director | 11.2yrs | US$780.62k | 0.023% $3.4m | |
| Independent Lead Director | 0yrs | US$792.57k | 0.0066% $977.1k | |
| Independent Director | 11.8yrs | US$772.75k | 0.028% $4.1m | |
| Independent Director | 7.2yrs | US$772.75k | 0.0053% $781.1k | |
| Independent Director | 6.8yrs | US$772.75k | 0.0048% $715.8k | |
| Independent Director | 11.2yrs | US$775.95k | 0.070% $10.4m |
11.2yrs
Average Tenure
70.5yo
Average Age
Experienced Board: NVR's board of directors are seasoned and experienced ( 11.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NVR insiders have only sold shares 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
NVR, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: NVR, Inc.
- Ticker: NVR
- Exchange: NYSE
- Founded: 1980
- Industry: Homebuilding
- Sector: Consumer Durables
- Market Cap: US$14.850b
- Shares outstanding: 3.68m
- Website: https://www.nvrinc.com
Number of Employees
Location
- NVR, Inc.
- Plaza America Tower I
- Suite 500
- Reston
- Virginia
- 20190
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NVR | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Oct 1993 |
| NVE | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Oct 1993 |
| NVR * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Oct 1993 |
| N1VR34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 50 REPR 1 COM | BR | BRL | Jan 2020 |
Biography
NVR, Inc. operates as a homebuilder in the United States. The company operates in two segments, Homebuilding and Mortgage Banking. It primarily constructs and sells 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; brokers title insurance; and performs title searches in connection with mortgage loan closings. The company was founded in 1980 and is headquartered in Reston, Virginia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/22 00:45 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.