KB Home |
|
|---|---|
| 2017 Performance Final Grade: 74.28/1002016 Final Grade:68.7/100 | B/C+ |
| Change YoY | ||
|---|---|---|
| Net debt-to-capital | 37.7% | -920bps |
| Pretax home building income (in millions) | $276.9 | 91.2% |
| Total SG&A/Total revenue | 9.8% | -- |
| Total SG&A(in millions) | $429.8 | 9.3% |
| Return on invested capital | 4.2% | 180bps |
| Return on equity | 9.9% | 370bps |
| Total shareholder return | 97.8% | -- |
| EPS | $2.09 | 69.9% |
| Change YoY | ||
|---|---|---|
| Community count | 224 | -11 |
| Share of lots optioned to total controlled | 24.6% | 19.5% |
| Change YoY | ||
|---|---|---|
| Home building gross margins | 16.3% | 120bps |
| Sales per month to break even (per community) |
2.38 | -- |
| Revenue per employee (in millions) |
$2.3 | 13.6% |
| Change YoY | ||
|---|---|---|
| Closings | 10,909 | 11% |
| Sales velocity (per community per month) |
4.1 | 11.2% |
| Unit backlog | 4,411 | -0.2% |
| Total revenue (in millions):$4,368 |
| HB revenue (in millions): $4,356 |
| Debt per share: $27.08 |
| Equity per basic share: $22.44 |
| HB pretax margin: 6.4% |
| Backlog value (in millions): $1,660.1 |
| Inventory (in millions):$3,263.4 |
| Lot supply (in years): 4.3 |
KB Home (NYSE: KBH) had debt problems after the housing crash, which it is remedying, says CEO Jeffrey Mezger: “Our strong fourth quarter and full year results demonstrate the progress we have achieved in the first year of our three-year Returns-Focused Growth Plan.” Mezger claims the firm has delivered “steady improvement” in its financial and operational performance by strengthening its balance sheet, increasing its cash flow, and decreasing its debt-to-capital ratio.