NVR Inc builds and sells new homes — single-family houses, townhomes, and condos — across the Mid-Atlantic, Northeast, Mid-East, and Southeast U.S. A key operational distinction: NVR builds only after a home is sold, avoiding the land inventory risk common to other homebuilders.
Customers are homebuyers purchasing new construction. Revenue comes primarily from home sales, with smaller contributions from an in-house mortgage banking operation (originating loans for buyers) and title services. The Mid-Atlantic region (Maryland, Virginia, D.C., etc.) drives the majority of revenue.
Employees6,300IPODec 23, 2016SIC1531HQ11700 Plaza America Drive, Suite 500, Reston, VA, USA, 20190
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Financials (MXN)
Profitability
Metric
Current
Margins
Gross Margin
22.1%
Operating Margin
14.9%
EBITDA Margin
16.1%
Net Margin
12.0%
OCF Margin
11.4%
FCF Margin
11.1%
Returns on Capital
ROE
30.7%
ROA
19.8%
ROIC
32.8%
ROCE
31.8%
ROC (Greenblatt)
59.8%
3Y ROIIC
−46.5%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
16.32
Forward P/E
19.36
P/E ex-NRI
16.32
Shiller P/E (CAPE)
16.97
Cash Flow Multiples
P/FCF
18.18
P/OCF
17.83
P/Owner Earnings
20.01
FCF Yield
6.24%
Enterprise Value Multiples
EV / EBIT
11.03
EV / Forward EBIT
13.87
EV / EBITDA
10.84
EV / Forward EBITDA
9.99
EV / Revenue
1.75
EV / Forward Revenue
1.82
Asset / Sales
P/S
1.94
P/B
4.97
P/Tangible Book
4.97
Growth-Adjusted
PEG
1.15
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
0.00%
Forward Dividend Yield
0.00%
3Y Dividend Growth
0.0%
Payout Ratio
0.00
5Y Yield on Cost
0.00%
Buybacks & Dilution
3Y Buyback Ratio
4.60%
Combined
Shareholder Yield
10.50%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.31
Gross Debt / EBITDA
0.68
Cash / Debt
1.09
Equity / Assets
0.62
Coverage
Interest Coverage
49.77
Short-Term Liquidity
Current Ratio
4.67
Quick Ratio
2.50
Cash Ratio
1.11
Composite Scores
Piotroski F-Score
3
Altman Z-Score
12.63
Split History
Date
Split
No split history found.
Ex-date
Amount
Pay date
No dividend history found.
Date
Transcript
Type
No transcripts found.
5-Step DuPont Analysis
ROE %
30.82%
×
×
Net Margin %
12.00%
×
×
Operating Margin %
14.95%
Operating Income
MX$25.66B
÷
Revenue
MX$171.66B
×
Tax Burden
0.7697
Net Income
MX$20.60B
÷
Pretax Income
MX$26.76B
×
Interest Burden
1.0426
Pretax Income
MX$26.76B
÷
Operating Income
MX$25.66B
×
Asset Turnover
1.63
÷
Revenue
MX$171.66B
÷
Average Total Assets
MX$105.24B
Begin Total Assets
MX$115.44B
End Total Assets
MX$95.04B
×
Equity Multiplier
1.57
÷
Avg Total Assets
MX$105.24B
÷
Avg Stockholders Equity
MX$66.83B
Begin Equity
MX$74.74B
End Equity
MX$58.91B