AV Homes |
|
|---|---|
| 2017 Performance Final Grade: 59.05/1002016 Final Grade: 82.4/100 | C-/A |
| Change YoY | ||
|---|---|---|
| Net debt-to-capital | 25.6% | -300bps |
| Pretax home building income (in millions) | $53.8 | -5.6% |
| Total SG&A/Total revenue | 12.6% | -- |
| Total SG&A(in millions) | $106.4 | 6.2% |
| Return on invested capital | -2.7% | -2,450bps |
| Return on equity | -5% | -4,410bps |
| Total shareholder return | 4.4% | -- |
| EPS | $-0.98 | -114.9% |
| Change YoY | ||
|---|---|---|
| Community count | 61 | +3 |
| Share of lots optioned to total controlled | -- | -- |
| Change YoY | ||
|---|---|---|
| Home building gross margins | 17.2% | -120bps |
| Sales per month to break even (per community) |
2.17 | -- |
| Revenue per employee (in millions) |
$2.3 | -2.1% |
| Change YoY | ||
|---|---|---|
| Closings | 2,491 | 1.1% |
| Sales velocity (per community per month) |
3.3 | -1.9% |
| Unit backlog | 724 | 3% |
| Total revenue (in millions):$843 |
| HB revenue (in millions): $821 |
| Debt per share: $20.99 |
| Equity per basic share: $19.20 |
| HB pretax margin: 6.5% |
| Backlog value (in millions): $236.8 |
| Inventory (in millions):$603.9 |
| Lot supply (in years): 6.5 |
AV Homes (Nasdaq: AVHI) was hampered by a charge to deferred tax assets as a result of the Tax Cuts and Jobs Act, and it took the hit against 2017 earnings, which produced a loss for the year. The firm’s revenue, however, was up, driven by volume increases due to a greater number of communities with deliveries because of organic and acquisition-related growth, and higher average selling prices because of price increases and improvements in the mix of homes sold.