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KB Home (KBH)

KB Home is one of the largest homebuilders in the United States, with more than 600,000 homes delivered since its founding in 1957. KB Home operates in 38 markets in eight states, primarily serving first-time and first move-up homebuyers, as well as second move-up and active adults. KB Home is differentiated in offering customers the ability to personalize what they value most in their home, from choosing their lot, floor plan, and exterior, to selecting design and décor choices in its KB Home Studios. In addition, its industry leadership in sustainability helps to lower the cost of homeownership for its buyers compared to a typical resale home. The company takes a broad approach to sustainability, encompassing energy efficiency, water conservation, healthier indoor environments, smart home capabilities and waste reduction. KB Home is the first national builder to have earned awards under all of the U.S. EPA's homebuilder programs - ENERGY STAR®, WaterSense® and Indoor airPLUS®.

Company profile

Ticker
KBH
Exchange
Website
CEO
Jeffrey Mezger
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
KAUFMAN & BROAD HOME CORP
SEC CIK
Subsidiaries
KB HOME Phoenix Inc. • KB HOME Sales - Phoenix Inc. • KB HOME Sales - Tucson Inc. • KB HOME Tucson Inc. • KB HOME Central Valley Inc. • KB HOME Coastal Inc. • KB HOME Greater Los Angeles Inc. • KB HOME Insurance Agency Inc. • KB HOME Sacramento Inc. • KB HOME South Bay Inc. ...
IRS number
953666267

KBH stock data

Calendar

8 Jul 22
18 Aug 22
30 Nov 22
Quarter (USD) May 22 Feb 22 Nov 21 Aug 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Nov 21 Nov 20 Nov 19 Nov 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 246.58M 246.58M 246.58M 246.58M 246.58M 246.58M
Cash burn (monthly) (no burn) 30.21M 2.64M 2.36M 21.26M 27.84M
Cash used (since last report) n/a 79.01M 6.89M 6.18M 55.61M 72.81M
Cash remaining n/a 167.57M 239.69M 240.4M 190.97M 173.77M
Runway (months of cash) n/a 5.5 90.9 101.8 9.0 6.2

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
7 Apr 22 Brian R Niccol Common Stock Grant Acquire A No No 0 8,769 0 11,907
7 Apr 22 Finchem Timothy W Common Stock Grant Acquire A No No 0 9,091 0 196,138
7 Apr 22 Gilligan Thomas W. Common Stock Grant Acquire A No No 0 5,230 0 46,293
7 Apr 22 Weaver James C. Common Stock Grant Acquire A No No 0 5,230 0 32,962
7 Apr 22 Gabriel Stuart A Common Stock Grant Acquire A No No 0 5,230 0 43,878
89.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 301 333 -9.6%
Opened positions 39 54 -27.8%
Closed positions 71 80 -11.3%
Increased positions 113 119 -5.0%
Reduced positions 106 115 -7.8%
13F shares Current Prev Q Change
Total value 2.22B 2.51B -11.8%
Total shares 77.86M 77.47M +0.5%
Total puts 7.12M 8.31M -14.3%
Total calls 3.75M 2.62M +43.1%
Total put/call ratio 1.9 3.2 -40.1%
Largest owners Shares Value Change
BLK Blackrock 10.33M $293.97M +0.6%
Vanguard 8.04M $228.71M +0.8%
FMR 4.34M $123.55M +99.2%
MCQEF Macquarie 3.98M $113.3M +2.2%
Alliancebernstein 3.59M $102.27M -2.5%
Dimensional Fund Advisors 2.97M $84.47M +5.4%
Capital World Investors 2.96M $84.18M 0.0%
STT State Street 2.73M $77.72M -0.4%
Fisher Asset Management 2.43M $69.29M +0.9%
Balyasny Asset Management 1.5M $42.6M -52.0%
Largest transactions Shares Bought/sold Change
FMR 4.34M +2.16M +99.2%
Balyasny Asset Management 1.5M -1.62M -52.0%
Copeland Capital Management 207 -1.31M -100.0%
Fuller & Thaler Asset Management 951.23K -1.13M -54.2%
Holocene Advisors 1.18M +1.09M +1181.1%
Pictet Asset Management 769.48K +769.48K NEW
BAC Bank Of America 899.86K -729.89K -44.8%
MNGPF Man 0 -658.05K EXIT
Citadel Advisors 882.3K +655.92K +289.7%
Oaktree Capital Management 605K +605K NEW

Financial report summary

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Competition
Landsea Homes
Management Discussion
  • Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • Housing market conditions were generally favorable during the six months ended May 31, 2022, with solid demand and home price appreciation, reflecting a limited supply of new and resale inventory, and steady employment and wage growth. However, during the 2022 second quarter, the pace of sales across the homebuilding industry moderated from the levels experienced over the previous 18 months, stemming from a sharp increase in mortgage interest rates in the quarter, significant inflation in the broader economy, the substantial rise in home prices, and stock market volatility. These macro-economic trends have pressured housing affordability and negatively impacted homebuyer sentiment.
  • The value of our net orders for the 2022 second quarter increased 4% from the year-earlier quarter due to a 15% increase in their overall average selling price, partly offset by a 9% decline in net orders. The decrease in net orders reflected a moderation in our monthly net orders per community to 6.2 from 7.0, partly offset by a 3% increase in our average community count due to new community openings. Considerable demand for our homes enabled us to lift selling prices in the vast majority of our communities during the 2022 second quarter and, in combination with our focus on balancing pace, price and construction starts at each community, helped us to enhance our returns, offset in part by the impact of significant persistent supply chain challenges and higher construction costs, as described further below.

Content analysis

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