NVR Reports Fourth Quarter FY2022 Earnings Results on January 31 2023
March 7, 2023
Earnings Overview
On January 31 2023, NVR ($NYSE:NVR) announced their financial results for the fourth quarter of FY2022, ending on December 31 2022. Their total revenue amounted to USD 454.8 million, a 35.9% growth year-on-year, while their net income saw a 21.6% rise to USD 2715.8 million.
Price History
Following the announcement, NVR stock opened at $5199.0 and closed at $5270.0, which is an increase of 5.0% from its previous closing price of 5021.4. This result was largely attributed to higher sales and increased profits, indicating a very successful quarter for the company. NVR’s impressive performance during the quarter was driven by strong demand for their products and services as well as their effective cost management process. Their ability to streamline operations and cut costs enabled them to maintain a strong balance sheet and remain profitable despite the challenging economic conditions. Furthermore, their strategy of investing in innovation and research & development activities paid off, resulting in the introduction of new and improved products.
Overall, NVR’s fourth quarter FY2022 financial results served to demonstrate the company’s commitment to growing its business and improving performance. The market responded positively to the news, resulting in a significant jump in share price. With the successful completion of this quarter, NVR has positioned itself well for continued growth and success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nvr. More…
| Total Revenues | Net Income | Net Margin |
| 10.54k | 1.73k | 16.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nvr. More…
| Operations | Investing | Financing |
| 1.31k | -18.18 | -1.4k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nvr. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.66k | 2.15k | 1.09k |
Key Ratios Snapshot
Some of the financial key ratios for Nvr are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.5% | 29.7% | 21.8% |
| FCF Margin | ROE | ROA |
| 12.3% | 43.5% | 25.3% |
Analysis
After performing an analysis on NVR‘s wellbeing, GoodWhale found that the company has a ‘Gorilla’ classification, meaning it has a strong competitive advantage and achieved stable, high revenue or earnings growth. The Star Chart showed that NVR is strong in asset, growth, profitability, and weak in dividend. Due to its strong performance, this type of company would be appealing to a variety of investors. Its high health score of 10/10 indicates that NVR is in a good position to sustain operations in times of crisis and manage its cashflows and debt. This makes it an attractive investment option for those seeking a secure and profitable long-term investment. More…
Peers
In the homebuilding industry, NVR Inc compete against D.R. Horton Inc, Lennar Corp, and Toll Brothers Inc. All four companies are publicly traded and operate in the United States. NVR Inc is the largest company by revenue, followed by D.R. Horton Inc, Lennar Corp, and Toll Brothers Inc.
– D.R. Horton Inc ($NYSE:DHI)
D.R. Horton Inc is one of the largest homebuilding companies in the United States. The company builds and sells single-family homes, townhomes, and condominiums in a variety of price ranges and locations. Horton has operations in 26 states and 84 markets across the country. The company’s homes are marketed under a number of different brand names, including D.R. Horton, Express Homes, Emerald Homes, and Freedom Homes.
D.R. Horton’s market cap is 25.14B as of 2022. The company has a return on equity of 25.97%. D.R. Horton is one of the largest homebuilding companies in the United States and builds and sells single-family homes, townhomes, and condominiums in a variety of price ranges and locations.
– Lennar Corp ($NYSE:LEN)
Lennar Corporation is a home construction and real estate company founded in 1954. The company operates in 22 states and specializes in the construction of single-family homes, multifamily homes, and community amenities. As of 2022, the company has a market cap of 21.83B and a return on equity of 18.78%.
– Toll Brothers Inc ($NYSE:TOL)
Toll Brothers Inc is a homebuilding company that was founded in 1967. The company is headquartered in Horsham, Pennsylvania, and it operates in over 50 markets across the United States. The company builds single-family detached homes, townhouses, condominiums, and apartments. As of 2022, the company has a market cap of 4.88B and a return on equity of 15.37%. The company has been profitable for every year since 2002, and its revenue has increased every year since 2004. The company’s stock price has increased by over 1000% since 2009.
Summary
Investors in NVR were pleased with the company’s fourth quarter earnings report for FY2022, which showed total revenue of USD 454.8 million and net income of USD 2715.8 million, both up substantially year over year. This positive news sent the stock price up on the day the results were reported, providing a boost to those investors who had taken positions in NVR prior to the announcement. Despite the current economic climate, the results of NVR’s fourth quarter demonstrate its strong financial health, and investors will be watching closely to see how their performance continues in the months ahead.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
