Company Quick10K Filing
Beazer Homes
10-Q 2020-03-31 Filed 2020-04-30
10-Q 2019-12-31 Filed 2020-01-30
10-K 2019-09-30 Filed 2019-11-13
10-Q 2019-06-30 Filed 2019-08-01
10-Q 2019-03-31 Filed 2019-05-02
10-Q 2018-12-31 Filed 2019-02-04
10-K 2018-09-30 Filed 2018-11-13
10-Q 2018-06-30 Filed 2018-07-26
10-Q 2018-03-31 Filed 2018-05-02
10-Q 2017-12-31 Filed 2018-02-06
10-K 2017-09-30 Filed 2017-11-14
10-Q 2017-06-30 Filed 2017-08-01
10-Q 2017-03-31 Filed 2017-05-04
10-Q 2016-12-31 Filed 2017-02-09
10-K 2016-09-30 Filed 2016-11-15
10-Q 2016-06-30 Filed 2016-07-28
10-Q 2016-03-31 Filed 2016-04-28
10-Q 2015-12-31 Filed 2016-02-04
10-K 2015-09-30 Filed 2015-11-10
10-Q 2015-06-30 Filed 2015-08-04
10-Q 2015-03-31 Filed 2015-04-30
10-Q 2014-12-31 Filed 2015-01-30
10-K 2014-09-30 Filed 2014-11-13
10-Q 2014-06-30 Filed 2014-07-31
10-Q 2014-03-31 Filed 2014-05-01
10-Q 2013-12-31 Filed 2014-01-31
10-K 2013-09-30 Filed 2013-11-08
10-Q 2013-06-30 Filed 2013-08-01
10-Q 2013-03-31 Filed 2013-05-02
10-Q 2012-12-31 Filed 2013-01-28
10-K 2012-09-30 Filed 2012-11-13
10-Q 2012-06-30 Filed 2012-08-03
10-Q 2012-03-31 Filed 2012-05-02
10-Q 2011-12-31 Filed 2012-02-02
10-K 2011-09-30 Filed 2011-11-15
10-Q 2011-06-30 Filed 2011-08-09
10-Q 2011-03-31 Filed 2011-05-10
10-Q 2010-12-31 Filed 2011-02-08
10-K 2010-09-30 Filed 2010-11-05
10-Q 2010-06-30 Filed 2010-08-05
10-Q 2010-03-31 Filed 2010-05-03
10-Q 2009-12-31 Filed 2010-02-05
8-K 2020-04-30 Earnings, Exhibits
8-K 2020-04-06 Earnings, Exhibits
8-K 2020-02-05 Shareholder Vote
8-K 2020-01-30 Earnings, Exhibits
8-K 2019-11-13 Earnings, Exhibits
8-K 2019-09-24 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2019-09-18 Other Events, Exhibits
8-K 2019-09-09 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-08-29 Other Events
8-K 2019-08-07 Officers, Exhibits
8-K 2019-08-01 Earnings, Exhibits
8-K 2019-05-30 Other Events
8-K 2019-05-02 Earnings, Exhibits
8-K 2019-02-06 Shareholder Vote
8-K 2019-02-04 Earnings, Exhibits
8-K 2018-11-15 Other Events
8-K 2018-11-13 Earnings, Exhibits
8-K 2018-10-01 Leave Agreement
8-K 2018-10-01 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-09-25 Regulation FD, Exhibits
8-K 2018-09-18 Officers, Exhibits
8-K 2018-07-26 Earnings, Exhibits
8-K 2018-07-13 Other Events
8-K 2018-07-09 Earnings, Other Events, Exhibits
8-K 2018-05-02 Earnings, Exhibits
8-K 2018-02-26 Regulation FD, Exhibits
8-K 2018-02-06 Earnings, Exhibits
8-K 2018-02-01 Shareholder Vote
8-K 2018-01-08 Officers, Other Events, Exhibits

Beazer Homes Financials

BZH Metrics, Comps, Filings

Quarterly | Annual

Business

We are a geographically diversified homebuilder with active operations in 13 states within three geographic regions in the United States: the West, East, and Southeast. Our homes are designed to appeal to homeowners at different price points across various demographic segments, and are generally offered for sale in advance of their construction. Our objective is to provide our customers with homes that incorporate extraordinary value and quality, at affordable prices, while seeking to maximize our return on invested capital over the course of a housing cycle.

The sale and production of new homes has been, and will likely remain, a large industry in the United States for four primary reasons: (1) historical growth in both population and households; (2) demographic patterns that indicate an increased likelihood of home ownership as age and income increase; (3) job creation within geographic markets that necessitate new home construction; and (4) consumer demand for home features that can be more easily provided in a new home than an existing home.

The demand for new and existing homes is dependent on a variety of demographic and economic factors, including job and wage growth, household formation, consumer confidence, mortgage financing, and overall housing affordability. Through the first half of fiscal 2019, the homebuilding industry experienced a softening in demand, after adjusting for normal seasonality, that we believe was a result of the rise in mortgage interest rates and higher home prices, which created affordability challenges for some prospective buyers. As the fiscal year progressed, a decline in mortgage interest rates combined with a positive macroeconomic backdrop led to improved demand. We believe there are multiple factors that will support housing demand moving forward, including low unemployment, rising wages, and growing household formation. Our operating strategy focuses on offering homes that provide our customers extraordinary value at an affordable price.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
MDC Holdings (MDC) 2,701 16% 12.7 6% 3,159 1,457 882 141 200 263 3,341
LGI Homes (LGIH) 2,169 24% 9.2 10% 1,636 859 1,658 398 156 233 2,132
Tri Pointe Group (TPH) 2,108 8% 7.8 5% 3,941 1,830 3,074 235 190 253 1,978
Installed Building Products (IBP) 1,778 28% 16.1 6% 1,064 836 1,464 413 65 131 2,108
Cavco Industries (CVCO) 1,742 22% 14.9 10% 774 201 1,008 224 76 103 1,536
Skyline Champion (SKY) 1,655 20% 16.1 7% 732 281 1,409 281 55 96 1,545
Winnebago Industries (WGO) 1,273 15% 10.7 6% 1,554 768 2,044 303 94 162 1,733
St Joe (JOE) 1,029 0% 22.9 2% 898 375 101 0 18 41 948
Century Communities (CCS) 946 0% 7.9 3% 2,490 1,538 1,743 0 86 115 904
MI Homes (MHO) 809 11% 5.9 4% 2,182 1,227 2,481 264 86 131 776
William Lyon Homes (WLH) 799 6% 11.3 3% 3,019 1,987 2,046 123 91 192 2,164
Green Brick Partners (GRBK) 533 21% 6.2 7% 866 337 747 157 61 79 492
Xinyuan Real Estate (XIN) 492 0% 8,034 7,288 0 0 0 0 -694
Beazer Homes (BZH) 459 8% -5.4 -4% 1,958 1,419 2,088 166 -80 -63 336
Legacy Housing (LEGH) 402 39% 13.3 8% 262 47 126 48 22 30 400
Select Interior Concepts (SIC) 340 27% 12.2 0% 431 276 588 160 2 40 487
Stratus Properties (STRS) 238 17% 278.3 0% 568 430 66 11 1 1 188
Hovnanian Enterprises (HOV) 110 0% -39.8 -2% 1,881 2,371 2,017 0 -42 -37 1,477
New Home (NWHM) 87 9% -18.4 -3% 624 389 447 39 -21 -20 374
Comstock (CHCI) 16 9% -65.9 -3% 16 9 22 2 -1 -0 21

Balance Sheet ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash284370277277272488399426298504389302206324148146129252153135130229160142169292180159148153979985123
Accounts Receivable32282822252523252622212929343236455251566653524440363230282519182026
Inventory
PP&E29342322217418171762171817591921235920212159191919581920225524272853
Assets2,0051,9771,8741,8581,8271,9821,9221,9471,9431,9871,9331,9511,9772,0661,9892,0322,0902,4212,3392,3342,3192,2132,1882,1752,2222,2212,0782,1082,1772,1282,1032,0552,1201,958
Accounts Payable
Long-Term Debt1,4421,4981,4971,5071,5061,5161,5121,5371,5371,5351,554
Liabilities1,7641,7791,6731,6401,6481,7201,6791,7131,7151,7461,6971,7211,7581,7871,7311,7731,8181,7911,7061,7001,6771,5701,5451,5371,5741,5391,5251,5411,5941,4841,4681,5261,5861,419
Stockholders' Equity241198200218179262243233228241236231219279258259273647659671690699711728751805708735583644635529534539
Income Statement ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue402421483782
Cost of Revenue340356411665
Gross Profit1424222937414459648062597888436490107717698102698710011377958312661-8372116
R&D
SG&A462826282826293036283336393133384132394043364041453741424839374145
Tax43-36-11300010003-40677-32411818145101541207400-0-27
Net Income-59-4312020-664916121814226011912356121119-112172334-02713617-101122
Cash Flow ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating99-71-9-2686011-122240-74-1021290-203-3515701829194-0-93213691-14-17164-55-28-11208
Cash Investing-1-9-421623-31900-6-11-10115-800-83318-610-3-2-6-0-4-6-60-6-9-5-5
Cash Financing-2-17-3-11548215-3-876-319-212411418-2734-46-31-9350-8-1-8185-0-0-995392-165