Century Communities |
|
|---|---|
| 2017 Performance Final Grade: 72.38/1002016 Final Grade:71.0/100 | B-/B- |
| Change YoY | ||
|---|---|---|
| Net debt-to-capital | 45.5% | -30bps |
| Pretax home building income (in millions) | $67.9 | -4.9% |
| Total SG&A/Total revenue | 13% | -- |
| Total SG&A(in millions) | $185 | 51.3% |
| Return on invested capital | 4.1% | -160bps |
| Return on equity | 8.3% | -290bps |
| Total shareholder return | 46.4% | -- |
| EPS | $2.06 | -12% |
| Change YoY | ||
|---|---|---|
| Community count | 119 | +30 |
| Share of lots optioned to total controlled | 48.8% | -7.3% |
| Change YoY | ||
|---|---|---|
| Home building gross margins | 18% | -150bps |
| Sales per month to break even (per community) |
2.02 | -- |
| Revenue per employee (in millions) |
$1.4 | -20% |
| Change YoY | ||
|---|---|---|
| Closings | 3,640 | 28.80% |
| Sales velocity (per community per month) |
2.7 | -0.3% |
| Unit backlog | 1,320 | 76.2% |
| Total revenue (in millions):$1,423 |
| HB revenue (in millions): $1,405 |
| Debt per share: $31.97 |
| Equity per basic share: $30.28 |
| HB pretax margin: 4.8% |
| Backlog value (in millions): $572.9 |
| Inventory (in millions):$1,390.4 |
| Lot supply (in years): 8.5 |
2017 was about growth for Century (NYSE: CCS). It expanded its geographic footprint into a variety of new markets through the completion of its merger with UCP and the bolt-on acquisition of the assets of Sundquist Homes in Seattle, along with the continued ramp up of its Charlotte and Salt Lake City greenfield operations. Century has expanded home sales revenue, pre-tax income, and adjusted EBITDA each by a factor of over 11 times since it began its transformation in 2012.