KB ($NYSE:KBH) Home reported their fiscal year 2023 third quarter ending August 31, 2023 earnings results. Total revenue for this period decreased by 14.0% to reach USD 1587.0 million when compared to the same quarter in the previous year. Net income during this quarter was USD 149.9 million, which was a decrease of 41.3% from the same quarter last year.
Despite the positive news, however, KB HOME‘s stock opened at $48.8 and closed at $48.1, down 0.7% from its prior closing price of 48.4. The decline in share price could be attributed to investors taking profits or current market conditions, but KB HOME’s earnings report was still good news overall. KB HOME attributed its success to strong demand for single-family homes and an increased focus on operational efficiency.
The results of KB HOME’s fiscal year 2023 third quarter report are a testament to the company’s strength and resilience in the housing market. With a strong earnings report and an increase in revenue, KB HOME is well-positioned for continued growth and success in the future. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Kb Home. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kb Home. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kb Home. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Kb Home are shown below. More…
Income Statement Ratios
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As GoodWhale analyzed KB HOME‘s fundamentals, we found it to be a very strong company. According to our Star Chart, KB HOME has a health score of 8/10 with regard to its cashflows and debt, indicating that the company is in great shape and has the capability to safely ride out any crisis without the risk of bankruptcy. Additionally, KB HOME is strong in asset, dividend, growth, and medium in profitability. Based on this information, we have classified KB HOME as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given its strong and stable financial performance, KB HOME would likely be attractive to a variety of investors. Value investors may be drawn to the company’s sound asset and dividend performance, while growth investors may be attracted to the high revenue and earnings growth. In addition, income investors may be interested in the company’s strong cashflows and debt health score. Ultimately, KB HOME is an attractive investment for a variety of investors. More…
Risk Rating Analysis
Star Chart Analysis
In the homebuilding industry, KB Home competes against other large builders such as Hovnanian Enterprises Inc, Beazer Homes USA Inc, and Simonds Group Ltd. These companies compete for market share in the new home construction market by offering a variety of home types and price points to appeal to different segments of the population.
– Hovnanian Enterprises Inc ($NYSE:HOV)
Hovnanian Enterprises Inc is a homebuilding company that specializes in the construction and sale of single-family detached homes, attached homes, and condominiums in the United States. As of 2022, the company had a market capitalization of 299.28 million and a return on equity of 74.13%. The company was founded in 1959 and is headquartered in Red Bank, New Jersey.
– Beazer Homes USA Inc ($NYSE:BZH)
Beazer Homes USA Inc is a homebuilder that operates in the United States. The company has a market capitalization of $400.82 million and a return on equity of 15.8%. Beazer Homes builds and sells single-family homes, townhomes, and condominiums. The company operates in Arizona, California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada, North Carolina, South Carolina, Tennessee, Texas, and Virginia.
– Simonds Group Ltd ($ASX:SIO)
Simonds Group Ltd is a holding company that operates through its subsidiaries. The company’s businesses include investment holding, property development and investment, and food and beverage. Simonds Group Ltd was founded in Simonds, Australia in 1881.
KB HOME reported their fiscal year 2023 third quarter ending August 31, 2023 and total revenue decreased by 14%. Net income dropped significantly by 41.3%, compared to the same period last year. Investors should take note of this decrease and consider if KB HOME is still a worthwhile investment. They should pay close attention to the company’s performance and financial statements to determine if earnings are likely to improve in the coming quarters.
Additionally, investors should consider factors such as current market conditions and future growth prospects when deciding whether or not to invest in the company.