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William Lyon Homes

DB:2LW
Snowflake Description

Good value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2LW
DB
$784M
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

William Lyon Homes, together with its subsidiaries, designs, constructs, markets, and sells single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington, Oregon, and Texas. The last earnings update was 6 days ago. More info.


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2LW Share Price and Events
7 Day Returns
2.2%
DB:2LW
-1.1%
DE Consumer Durables
0.1%
DE Market
1 Year Returns
87.9%
DB:2LW
2.9%
DE Consumer Durables
8.8%
DE Market
2LW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
William Lyon Homes (2LW) 2.2% 3.3% 21.2% 87.9% 6.8% 23.5%
DE Consumer Durables -1.1% 3.5% 4.1% 2.9% -5.9% 11.6%
DE Market 0.1% 5.9% 15% 8.8% 14.5% 21%
1 Year Return vs Industry and Market
  • 2LW outperformed the Consumer Durables industry which returned 2.9% over the past year.
  • 2LW outperformed the Market in Germany which returned 8.8% over the past year.
Price Volatility
2LW
Industry
5yr Volatility vs Market
Related Companies

Value

 Is William Lyon Homes undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of William Lyon Homes to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for William Lyon Homes.

DB:2LW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:2LW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.815 (1 + (1- 21%) (184.28%))
1.67
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.67
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.67 * 5.96%)
10.18%

Discounted Cash Flow Calculation for DB:2LW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for William Lyon Homes is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:2LW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.18%)
2020 36.59 Analyst x2 33.21
2021 25.10 Est @ -31.39% 20.68
2022 19.61 Est @ -21.9% 14.66
2023 16.61 Est @ -15.26% 11.27
2024 14.85 Est @ -10.62% 9.14
2025 13.76 Est @ -7.36% 7.69
2026 13.06 Est @ -5.09% 6.62
2027 12.60 Est @ -3.49% 5.80
2028 12.30 Est @ -2.38% 5.14
2029 12.11 Est @ -1.59% 4.59
Present value of next 10 years cash flows $118.00
DB:2LW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $12.11 × (1 + 0.23%) ÷ (10.18% – 0.23%)
$121.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $121.88 ÷ (1 + 10.18%)10
$46.22
DB:2LW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $118.00 + $46.22
$164.22
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $164.22 / 37.85
$4.34
DB:2LW Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2LW represents 0.90251x of NYSE:WLH
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90251x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 4.34 x 0.90251
€3.92
Value per share (EUR) From above. €3.92
Current discount Discount to share price of €18.70
= -1 x (€18.70 - €3.92) / €3.92
-377.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of William Lyon Homes is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for William Lyon Homes's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are William Lyon Homes's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2LW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $1.65
NYSE:WLH Share Price ** NYSE (2019-11-14) in USD $20.72
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 17.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of William Lyon Homes.

DB:2LW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:WLH Share Price ÷ EPS (both in USD)

= 20.72 ÷ 1.65

12.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • William Lyon Homes is good value based on earnings compared to the DE Consumer Durables industry average.
  • William Lyon Homes is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does William Lyon Homes's expected growth come at a high price?
Raw Data
DB:2LW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
33.4%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 0.97x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

DB:2LW PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.54x ÷ 33.4%

0.37x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • William Lyon Homes is good value based on expected growth next year.
Price based on value of assets
What value do investors place on William Lyon Homes's assets?
Raw Data
DB:2LW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $23.67
NYSE:WLH Share Price * NYSE (2019-11-14) in USD $20.72
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:2LW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:WLH Share Price ÷ Book Value per Share (both in USD)

= 20.72 ÷ 23.67

0.88x

* Primary Listing of William Lyon Homes.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • William Lyon Homes is good value based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess William Lyon Homes's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. William Lyon Homes has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is William Lyon Homes expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is William Lyon Homes expected to grow at an attractive rate?
  • William Lyon Homes's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • William Lyon Homes's earnings growth is expected to exceed the Germany market average.
  • William Lyon Homes's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2LW Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2LW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 33.4%
DB:2LW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 15%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:2LW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2LW Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,136 109 1
2020-12-31 2,135 37 88 3
2019-12-31 1,962 40 52 2
2019-11-14
DB:2LW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 2,048 74 62
2019-06-30 2,116 98 79
2019-03-31 2,170 -101 91
2018-12-31 2,087 28 92
2018-09-30 2,052 5 69
2018-06-30 2,008 104 70
2018-03-31 1,911 307 66
2017-12-31 1,797 167 48
2017-09-30 1,645 82 59
2017-06-30 1,498 30 45
2017-03-31 1,400 40 41
2016-12-31 1,406 21 60

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • William Lyon Homes's earnings are expected to grow significantly at over 20% yearly.
  • William Lyon Homes's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:2LW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from William Lyon Homes Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2LW Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.80 2.80 2.80 1.00
2020-12-31 2.22 2.52 1.81 3.00
2019-12-31 1.34 1.50 1.17 2.00
2019-11-14
DB:2LW Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 1.65
2019-06-30 2.11
2019-03-31 2.42
2018-12-31 2.42
2018-09-30 1.83
2018-06-30 1.86
2018-03-31 1.78
2017-12-31 1.30
2017-09-30 1.61
2017-06-30 1.22
2017-03-31 1.10
2016-12-31 1.62

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if William Lyon Homes will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess William Lyon Homes's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
William Lyon Homes has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has William Lyon Homes performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare William Lyon Homes's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • William Lyon Homes's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • William Lyon Homes's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • William Lyon Homes's 1-year earnings growth is negative, it can't be compared to the DE Consumer Durables industry average.
Earnings and Revenue History
William Lyon Homes's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from William Lyon Homes Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2LW Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 2,047.87 62.31 235.06
2019-06-30 2,115.68 79.38 238.44
2019-03-31 2,169.67 91.39 240.96
2018-12-31 2,087.17 91.60 233.77
2018-09-30 2,052.17 69.10 220.55
2018-06-30 2,007.80 69.96 206.52
2018-03-31 1,911.04 66.46 190.00
2017-12-31 1,796.53 48.14 176.43
2017-09-30 1,645.13 59.42 162.05
2017-06-30 1,497.51 45.08 152.77
2017-03-31 1,400.47 40.68 146.73
2016-12-31 1,406.04 59.70 145.91
2016-09-30 1,335.77 62.94 140.11
2016-06-30 1,242.27 61.95 133.83
2016-03-31 1,171.31 59.67 127.36
2015-12-31 1,104.05 57.34 120.70
2015-09-30 1,061.09 49.05 120.51
2015-06-30 1,018.78 42.60 116.38
2015-03-31 943.90 42.61 108.01
2014-12-31 894.75 44.63 100.53
2014-09-30 746.07 143.34 85.21
2014-06-30 690.00 145.27 76.89
2014-03-31 641.63 139.82 72.37
2013-12-31 572.54 127.60 66.87
2013-09-30 473.31 8.69 62.56
2013-06-30 415.46 -0.38 55.29
2013-03-31 435.31 -9.77 49.71
2012-12-31 398.33 -11.60 45.27

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • William Lyon Homes has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • William Lyon Homes used its assets less efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • William Lyon Homes's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess William Lyon Homes's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
William Lyon Homes has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is William Lyon Homes's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up William Lyon Homes's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • William Lyon Homes is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • William Lyon Homes's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of William Lyon Homes's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from William Lyon Homes Company Filings, last reported 1 month ago.

DB:2LW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,032.36 1,407.19 61.17
2019-06-30 1,026.40 1,411.36 43.08
2019-03-31 1,020.20 1,375.51 45.71
2018-12-31 1,014.33 1,321.35 33.78
2018-09-30 997.83 1,516.25 50.78
2018-06-30 980.96 1,438.78 49.17
2018-03-31 853.66 1,302.35 50.47
2017-12-31 860.63 1,030.18 182.71
2017-09-30 825.97 1,097.63 43.60
2017-06-30 813.85 1,121.32 32.57
2017-03-31 748.56 1,125.49 39.51
2016-12-31 763.43 1,080.65 42.61
2016-09-30 739.31 1,185.68 40.71
2016-06-30 726.77 1,167.17 39.76
2016-03-31 713.61 1,115.00 35.80
2015-12-31 671.47 1,105.78 50.20
2015-09-30 638.31 1,143.49 26.38
2015-06-30 618.84 1,066.18 60.65
2015-03-31 599.16 995.73 29.45
2014-12-31 597.15 925.40 52.77
2014-09-30 470.40 1,041.71 35.12
2014-06-30 472.16 616.64 102.78
2014-03-31 463.86 622.14 151.03
2013-12-31 450.79 469.36 171.67
2013-09-30 337.95 360.47 81.92
2013-06-30 333.26 376.63 206.42
2013-03-31 140.67 347.27 66.40
2012-12-31 143.37 338.25 71.08
  • William Lyon Homes's level of debt (136.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (220.5% vs 136.3% today).
  • Debt is not well covered by operating cash flow (5.2%, less than 20% of total debt).
  • Unable to confirm if the interest payments on William Lyon Homes's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess William Lyon Homes's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. William Lyon Homes has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is William Lyon Homes's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from William Lyon Homes dividends.
If you bought €2,000 of William Lyon Homes shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate William Lyon Homes's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate William Lyon Homes's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:2LW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:2LW Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2019-11-14

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as William Lyon Homes has not reported any payouts.
  • Unable to verify if William Lyon Homes's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of William Lyon Homes's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as William Lyon Homes has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess William Lyon Homes's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can William Lyon Homes afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. William Lyon Homes has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of William Lyon Homes's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Matt Zaist
COMPENSATION $4,885,238
AGE 44
TENURE AS CEO 4.3 years
CEO Bio

Mr. Matthew R. Zaist, also known as Matt, has been the President of William Lyon Homes since March 6, 2013 and has been its Chief Executive Officer since March 22, 2016. Mr. Zaist served as Co-Chief Executive Officer of William Lyon Homes from July 22, 2015 to March 22, 2016. Mr. Zaist served as an Executive Vice President of William Lyon Homes, Inc. from January 2010 to March 2013 and served as its Corporate Vice President of Business Development & Operations since April 2009 until January 2010. Prior to that, Mr. Zaist served as a Project Manager and Director of Land Acquisition for the William Lyon Home's Southern California Region. Mr. Zaist served as Chief Operating Officer of William Lyon Homes since March 2013 until July 2015. Mr. Zaist joined William Lyon Homes in 2000.Mr. Zaist assists William H. Lyon with the overall management of the operations of theit, is responsible for all new real estate acquisitions. Prior to joining William Lyon Homes, he was a principal with American Management Systems (now CGI) in their State & Local Government practice. He has been a Director of William Lyon Homes since August 10, 2016. He holds a B.S. from Rensselaer Polytechnic Institute.

CEO Compensation
  • Matt's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Matt's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the William Lyon Homes management team in years:

5.2
Average Tenure
48
Average Age
  • The average tenure for the William Lyon Homes management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Bill Lyon

TITLE
Executive Chairman of the Board
COMPENSATION
$3M
AGE
45

Matt Zaist

TITLE
President
COMPENSATION
$5M
AGE
44
TENURE
4.3 yrs

Colin Severn

TITLE
Senior VP & CFO
COMPENSATION
$2M
AGE
48
TENURE
10.3 yrs

Brian Doyle

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
55
TENURE
2.7 yrs

Jason Liljestrom

TITLE
Senior VP
COMPENSATION
$1M
AGE
36
TENURE
6.1 yrs

Paolo Benzan

TITLE
Chief Information Officer
TENURE
0.7 yrs

Larry Clark

TITLE
Senior Vice President of Financial Profiles

Janet Kemmerer

TITLE
Vice President of Corporate Marketing
TENURE
3.3 yrs

Maureen Singer

TITLE
Vice President of Human Resources
AGE
56
TENURE
16.8 yrs

Richard Robinson

TITLE
Senior Vice President of Finance & Acquisition
COMPENSATION
$207K
AGE
72
TENURE
20.8 yrs
Board of Directors Tenure

Average tenure and age of the William Lyon Homes board of directors in years:

3.8
Average Tenure
61
Average Age
  • The tenure for the William Lyon Homes board of directors is about average.
Board of Directors

Bill Lyon

TITLE
Executive Chairman of the Board
COMPENSATION
$3M
AGE
45
TENURE
3.7 yrs

Matt Zaist

TITLE
President
COMPENSATION
$5M
AGE
44
TENURE
3.3 yrs

Gary Hunt

TITLE
Lead Director
COMPENSATION
$278K
AGE
70
TENURE
7.5 yrs

Doug Ammerman

TITLE
Independent Director
COMPENSATION
$189K
AGE
67
TENURE
12.8 yrs

Thomas Harrison

TITLE
Independent Director
COMPENSATION
$199K
AGE
65
TENURE
3.8 yrs

Lynn Carlson Schell

TITLE
Independent Director
COMPENSATION
$201K
AGE
58
TENURE
7.8 yrs

Eric Anderson

TITLE
Non-Employee Director
AGE
61
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
13. Feb 19 Sell Thomas Claugus Individual 27. Nov 18 31. Dec 18 -12,500 €10.64 €-128,985
13. Feb 19 Sell GMT Capital Corp. Company 27. Nov 18 31. Dec 18 -301,492 €10.64 €-3,111,715
27. Nov 18 Sell Thomas Claugus Individual 26. Nov 18 26. Nov 18 -2,300 €10.69 €-24,581
27. Nov 18 Sell GMT Capital Corp. Company 26. Nov 18 26. Nov 18 -56,502 €10.69 €-603,860
21. Nov 18 Sell Thomas Claugus Individual 20. Nov 18 20. Nov 18 -3,300 €10.32 €-34,054
21. Nov 18 Sell GMT Capital Corp. Company 20. Nov 18 20. Nov 18 -80,000 €10.32 €-825,552
16. Nov 18 Buy Matthew Zaist Individual 15. Nov 18 16. Nov 18 8,000 €10.37 €81,361
X
Management checks
We assess William Lyon Homes's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. William Lyon Homes has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

William Lyon Homes, together with its subsidiaries, designs, constructs, markets, and sells single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington, Oregon, and Texas. It sells its homes primarily to entry-level, first-time move-up, and second-time move-up homebuyers. The company offers its services through in-house commissioned sales personnel and outside brokers. As of December 31, 2018, it owned approximately 17,649 lots and had options to purchase an additional 11,892 lots. The company was founded in 1954 and is headquartered in Newport Beach, California.

Details
Name: William Lyon Homes
2LW
Exchange: DB
Founded: 1954
$712,111,880
37,846,420
Website: http://www.lyonhomes.com
Address: William Lyon Homes
4695 MacArthur Court,
8th Floor,
Newport Beach,
California, 92660,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE WLH Class A Common Stock New York Stock Exchange US USD 22. Jan 2013
DB 2LW Class A Common Stock Deutsche Boerse AG DE EUR 22. Jan 2013
Number of employees
Current staff
Staff numbers
870
William Lyon Homes employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 21:38
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/11/07
Last earnings filing: 2019/11/08
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.