Company Quick10K Filing
Beazer Homes
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 31 $437
10-K 2019-11-13 Annual: 2019-09-30
10-Q 2019-08-01 Quarter: 2019-06-30
10-Q 2019-05-02 Quarter: 2019-03-31
10-Q 2019-02-04 Quarter: 2018-12-31
10-K 2018-11-13 Annual: 2018-09-30
10-Q 2018-07-26 Quarter: 2018-06-30
10-Q 2018-05-02 Quarter: 2018-03-31
10-Q 2018-02-06 Quarter: 2017-12-31
10-K 2017-11-14 Annual: 2017-09-30
10-Q 2017-08-01 Quarter: 2017-06-30
10-Q 2017-05-04 Quarter: 2017-03-31
10-Q 2017-02-09 Quarter: 2016-12-31
10-K 2016-11-15 Annual: 2016-09-30
10-Q 2016-07-28 Quarter: 2016-06-30
10-Q 2016-04-28 Quarter: 2016-03-31
10-Q 2016-02-04 Quarter: 2015-12-31
10-K 2015-11-10 Annual: 2015-09-30
10-Q 2015-08-04 Quarter: 2015-06-30
10-Q 2015-04-30 Quarter: 2015-03-31
10-Q 2015-01-30 Quarter: 2014-12-31
10-K 2014-11-13 Annual: 2014-09-30
10-Q 2014-07-31 Quarter: 2014-06-30
10-Q 2014-05-01 Quarter: 2014-03-31
10-Q 2014-01-31 Quarter: 2013-12-31
10-K 2013-11-08 Annual: 2013-09-30
10-Q 2013-08-01 Quarter: 2013-06-30
10-Q 2013-05-02 Quarter: 2013-03-31
10-Q 2013-01-28 Quarter: 2012-12-31
10-K 2012-11-13 Annual: 2012-09-30
10-Q 2012-08-03 Quarter: 2012-06-30
10-Q 2012-05-02 Quarter: 2012-03-31
10-Q 2012-02-02 Quarter: 2011-12-31
10-K 2011-11-15 Annual: 2011-09-30
10-Q 2011-08-09 Quarter: 2011-06-30
10-Q 2011-05-10 Quarter: 2011-03-31
10-Q 2011-02-08 Quarter: 2010-12-31
10-K 2010-11-05 Annual: 2010-09-30
10-Q 2010-08-05 Quarter: 2010-06-30
10-Q 2010-05-03 Quarter: 2010-03-31
10-Q 2010-02-05 Quarter: 2009-12-31
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

Annual | Quarterly

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, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Meritage Homes (MTH) 2,023 5.4 6% 3,467 1,669 0 0 206 298 1,615
LGI Homes (LGIH) 1,815 24% 8.3 10% 1,486 761 1,555 379 145 215 1,777
Installed Building Products (IBP) 1,657 28% 14.9 7% 916 710 1,416 393 60 136 2,018
Tri Pointe Group (TPH) 1,610 8% 5.1 5% 3,878 1,791 3,101 235 191 283 1,438
Skyline Champion (SKY) 1,486 19% -683.3 -6% 722 290 1,410 266 -40 -2 1,392
Cavco Industries (CVCO) 1,440 22% 12.5 9% 756 206 980 215 70 98 1,227
Winnebago Industries (WGO) 1,177 15% 7.6 10% 1,083 480 1,991 308 110 189 1,439
St Joe (JOE) 982 0% 20.3 2% 906 364 92 0 18 43 865
MI Homes (MHO) 795 5% 4.7 5% 2,089 1,185 2,395 130 110 166 775
Century Communities (CCS) 772 0% 6.5 3% 2,410 1,513 2,367 0 76 113 737
William Lyon Homes (WLH) 759 6% 9.4 4% 2,946 1,920 2,116 123 105 226 2,135
Xinyuan Real Estate (XIN) 492 0% 8,034 7,288 0 0 0 0 -694
Beazer Homes (BZH) 437 13% -28.0 -1% 2,120 1,586 1,306 176 -21 -13 353
Green Brick Partners (GRBK) 418 21% 4.8 7% 833 322 687 143 57 79 380
Legacy Housing (LEGH) 304 41% 14.0 6% 252 43 84 34 16 21 302
Select Interior Concepts (SIC) 267 28% 8.9 0% 429 277 556 154 0 47 421
Stratus Properties (STRS) 221 18% 89.7 -0% 543 402 90 16 -0 2 188
Hovnanian Enterprises (HOV) 91 0% -2.9 0% 1,795 2,288 1,918 0 6 12 -33
New Home (NWHM) 73 10% -33.1 -2% 673 434 670 66 -14 -12 399
Comstock (CHCI) 17 2% -8.9 -8% 28 21 50 1 -2 -2 22

Balance Sheet ($MM)2011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-30
Cash277002-321113
Accounts Receivable2800340533625
Inventory
PP&E3401719019021
Assets1,977-1,0381,7881,681-1,5691,6771,6242,128
Accounts Payable
Long-Term Debt1,498
Liabilities1,779-9751,5481,431-9199781,3351,484
Stockholders' Equity198604279-650699682644
Income Statement ($MM)2011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-30
Revenue
Cost of Revenue
Gross Profit4816525500376402345
R&D
SG&A137001360154162169
Tax3-68-11011294
Net Income-205100-3975232-45
Cash Flow ($MM)2011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-30
Cash Operating-17989-86-410219-7430
Cash Investing-26000-18-303-13148-74
Cash Financing273-19975301-212-8-108