NVR |
|
|---|---|
| 2017 Performance Final Grade: 84.77/1002016 Final Grade: 84.2/100 | A+/A+ |
| Change YoY | ||
|---|---|---|
| Net debt-to-capital | -2.2% | -1,380bps |
| Pretax home building income (in millions) | $776.4 | 29.2% |
| Total SG&A/Total revenue | 7.3% | -- |
| Total SG&A(in millions) | $460.8 | 3.9% |
| Return on invested capital | 26.2% | 340bps |
| Return on equity | 36.9% | 350bps |
| Total shareholder return | 112.6% | -- |
| EPS | $144 | 30.3% |
| Change YoY | ||
|---|---|---|
| Community count | 485 | -- |
| Share of lots optioned to total controlled | 100% | 0% |
| Change YoY | ||
|---|---|---|
| Home building gross margins | 19.2% | 170bps |
| Sales per month to break even (per community) |
0.91 | -- |
| Revenue per employee (in millions) |
$1.2 | 2.1% |
| Change YoY | ||
|---|---|---|
| Closings | 15,961 | 6.9% |
| Sales velocity (per community per month |
3.0 | 13% |
| Unit backlog | 8,531 | 23.9% |
| Total Revenue (in millions):$6,306 |
| HB Revenue (in millions): $6,176 |
| Debt Per Share: $159.94 |
| Equity Per Basic Share: $430.08 |
| HB Pretax Margin: 12.6% |
| Backlog Value (in millions): $3,278 |
| Inventory (in millions):$1,246 |
| Years Supply of Lots: 5.6 |
NVR (NYSE: NVR) is the most cryptic of the public builders when it comes to financial reporting, not revealing much more than the standard operating metrics. However, at year-end it did let on that the average sales price of new orders in the fourth quarter of 2017 was $380,800, a decrease of 4% when compared with the fourth quarter of 2016. The decrease is primarily attributable to a shift in new orders to lower-priced markets and lower-priced products.