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KB Home

DB:KBH
Snowflake Description

Good value with proven track record.

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

KB Home operates as a homebuilding company in the United States. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • KB Home has significant price volatility in the past 3 months.
KBH Share Price and Events
7 Day Returns
1.3%
DB:KBH
-1.1%
DE Consumer Durables
0.1%
DE Market
1 Year Returns
106.2%
DB:KBH
2.9%
DE Consumer Durables
8.8%
DE Market
KBH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
KB Home (KBH) 1.3% 1.3% 30.9% 106.2% 123.7% 131.9%
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
  • KBH outperformed the Consumer Durables industry which returned 2.9% over the past year.
  • KBH outperformed the Market in Germany which returned 8.8% over the past year.
Price Volatility
KBH
Industry
5yr Volatility vs Market
Related Companies

KBH Value

 Is KB Home 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 KB Home 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 KB Home.

DB:KBH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7%
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:KBH
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%) (61.24%))
1.14
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.14 * 5.96%)
7.02%

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

The calculations below outline how an intrinsic value for KB Home 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:KBH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.02%)
2020 330.05 Analyst x2 308.40
2021 332.06 Est @ 0.61% 289.92
2022 333.71 Est @ 0.5% 272.24
2023 335.09 Est @ 0.41% 255.44
2024 336.29 Est @ 0.36% 239.54
2025 337.37 Est @ 0.32% 224.54
2026 338.35 Est @ 0.29% 210.42
2027 339.28 Est @ 0.27% 197.15
2028 340.16 Est @ 0.26% 184.70
2029 341.01 Est @ 0.25% 173.01
Present value of next 10 years cash flows $2,355.00
DB:KBH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $341.01 × (1 + 0.23%) ÷ (7.02% – 0.23%)
$5,031.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5,031.45 ÷ (1 + 7.02%)10
$2,552.72
DB:KBH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,355.00 + $2,552.72
$4,907.72
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,907.72 / 88.40
$55.52
DB:KBH Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:KBH represents 0.90803x of NYSE:KBH
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90803x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 55.52 x 0.90803
€50.41
Value per share (EUR) From above. €50.41
Current discount Discount to share price of €31.20
= -1 x (€31.20 - €50.41) / €50.41
38.1%

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

Current Discount
Amount off the current price KB Home is available for.
Intrinsic value
38%
Share price is €31.2 vs Future cash flow value of €50.41
Current Discount Checks
For KB Home to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • KB Home's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • KB Home's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 KB Home's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are KB Home's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KBH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-08-31) in USD $2.74
NYSE:KBH Share Price ** NYSE (2019-11-14) in USD $34.36
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 KB Home.

DB:KBH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 34.36 ÷ 2.74

12.52x

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

  • KB Home is good value based on earnings compared to the DE Consumer Durables industry average.
  • KB Home is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does KB Home's expected growth come at a high price?
Raw Data
DB:KBH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
11.1%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:KBH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.52x ÷ 11.1%

1.13x

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

  • KB Home is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on KB Home's assets?
Raw Data
DB:KBH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-08-31) in USD $25.59
NYSE:KBH Share Price * NYSE (2019-11-14) in USD $34.36
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:KBH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 34.36 ÷ 25.59

1.34x

* Primary Listing of KB Home.

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

  • KB Home is good value based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess KB Home'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. KB Home 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.

KBH Future Performance

 How is KB Home expected to perform in the next 1 to 3 years based on estimates from 15 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
11.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is KB Home expected to grow at an attractive rate?
  • KB Home's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • KB Home's earnings growth is positive but not above the Germany market average.
  • KB Home's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KBH Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KBH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 11.1%
DB:KBH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 11.1%
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:KBH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KBH Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-11-30 310
2021-11-30 5,447 318 341 1
2020-11-30 5,190 325 319 10
2019-11-30 4,592 161 268 9
2019-11-14
DB:KBH Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-08-31 4,343 119 241
2019-05-31 4,407 61 260
2019-02-28 4,487 165 270
2018-11-30 4,547 222 169
2018-08-31 4,602 360 157
2018-05-31 4,520 558 120
2018-02-28 4,422 449 94
2017-11-30 4,369 513 179
2017-08-31 4,157 395 133
2017-05-31 3,927 292 122
2017-02-28 3,735 255 106
2016-11-30 3,595 189 105

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • KB Home's earnings are expected to grow by 11.1% yearly, however this is not considered high growth (20% yearly).
  • KB Home's revenue is expected to grow by 11.1% 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:KBH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from KB Home Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KBH Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-11-30 3.26 3.26 3.26 1.00
2021-11-30 3.65 3.92 3.18 4.00
2020-11-30 3.41 3.60 3.00 17.00
2019-11-30 2.87 2.95 2.79 16.00
2019-11-14
DB:KBH Past Financials Data
Date (Data in USD Millions) EPS *
2019-08-31 2.74
2019-05-31 2.97
2019-02-28 3.08
2018-11-30 1.93
2018-08-31 1.80
2018-05-31 1.38
2018-02-28 1.09
2017-11-30 2.09
2017-08-31 1.56
2017-05-31 1.44
2017-02-28 1.25
2016-11-30 1.23

*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.
  • KB Home is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess KB Home'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.
KB Home has a total score of 2/6, 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.

KBH Past Performance

  How has KB Home 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 KB Home'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.
  • KB Home's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • KB Home's 1-year earnings growth exceeds its 5-year average (53.6% vs -33.5%)
  • KB Home's earnings growth has exceeded the DE Consumer Durables industry average in the past year (53.6% vs -21.1%).
Earnings and Revenue History
KB Home'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 KB Home Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KBH Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-08-31 4,342.68 240.99 477.49
2019-05-31 4,407.24 260.32 464.62
2019-02-28 4,486.86 270.46 455.02
2018-11-30 4,547.00 169.39 444.15
2018-08-31 4,601.53 156.92 456.10
2018-05-31 4,520.19 119.74 450.44
2018-02-28 4,421.56 94.00 441.13
2017-11-30 4,368.53 179.42 438.29
2017-08-31 4,157.33 132.91 417.96
2017-05-31 3,926.62 122.20 402.01
2017-02-28 3,734.87 106.15 391.90
2016-11-30 3,594.65 105.06 389.44
2016-08-31 3,388.49 111.61 375.71
2016-05-31 3,318.36 95.61 377.64
2016-02-29 3,130.28 89.63 362.36
2015-11-30 3,032.03 84.34 343.00
2015-08-31 2,842.29 890.77 326.99
2015-05-31 2,588.35 895.88 304.81
2015-02-28 2,530.38 912.89 297.82
2014-11-30 2,400.95 915.66 288.02
2014-08-31 2,223.44 93.41 277.04
2014-05-31 2,183.20 92.37 267.59
2014-02-28 2,142.60 62.84 266.15
2013-11-30 2,097.13 39.85 264.01
2013-08-31 2,056.80 19.54 255.65
2013-05-31 1,932.33 -4.45 251.53
2013-02-28 1,710.78 -25.61 235.76
2012-11-30 1,560.12 -58.95 227.88

*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.
  • KB Home has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • KB Home used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • KB Home has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess KB Home'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.
KB Home has a total score of 4/6, 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.

KBH Health

 How is KB Home'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 KB Home's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • KB Home is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • KB Home's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of KB Home'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 2.4x 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 KB Home Company Filings, last reported 2 months ago.

DB:KBH Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-08-31 2,262.23 1,860.14 183.79
2019-05-31 2,195.21 1,854.56 178.88
2019-02-28 2,128.50 2,203.59 511.69
2018-11-30 2,087.50 2,060.26 574.36
2018-08-31 2,015.95 2,063.13 354.36
2018-05-31 1,914.64 2,353.85 669.80
2018-02-28 1,852.72 2,359.57 560.26
2017-11-30 1,926.31 2,324.85 720.63
2017-08-31 1,840.94 2,502.38 494.05
2017-05-31 1,772.39 2,510.12 348.59
2017-02-28 1,736.46 2,504.45 351.88
2016-11-30 1,723.15 2,640.15 592.09
2016-08-31 1,682.45 2,674.80 334.67
2016-05-31 1,635.17 2,632.13 274.85
2016-02-29 1,617.06 2,652.71 323.08
2015-11-30 1,690.83 2,601.75 559.04
2015-08-31 1,640.23 2,630.73 352.95
2015-05-31 1,615.84 2,819.51 439.92
2015-02-28 1,604.57 2,824.17 545.64
2014-11-30 1,595.91 2,576.53 356.37
2014-08-31 744.57 2,580.80 297.06
2014-05-31 709.67 2,573.98 484.47
2014-02-28 546.33 2,175.19 303.27
2013-11-30 536.09 2,150.50 530.10
2013-08-31 498.01 1,937.06 383.31
2013-05-31 470.82 1,943.28 538.57
2013-02-28 473.14 1,963.75 624.04
2012-11-30 376.81 1,722.82 524.77
  • KB Home's level of debt (82.2%) 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 (342.3% vs 82.2% today).
  • Debt is not well covered by operating cash flow (6.4%, less than 20% of total debt).
  • KB Home earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess KB Home'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. KB Home has a total score of 4/6, 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.

KBH Dividends

 What is KB Home'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
1.05%
Current annual income from KB Home dividends. Estimated to be 0.83% next year.
If you bought €2,000 of KB Home shares you are expected to receive €21 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?
  • KB Home's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.38%).
  • KB Home's dividend is below the markets top 25% of dividend payers in Germany (3.68%).
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:KBH 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 15 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:KBH Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-11-30 0.36 1.00
2021-11-30 0.36 1.00
2020-11-30 0.31 5.00
2019-11-30 0.22 4.00
2019-11-14
DB:KBH Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-10-03 0.360 1.036
2019-07-15 0.360 1.269
2019-04-11 0.100 0.386
2019-01-25 0.100 0.435
2018-10-04 0.100 0.491
2018-07-12 0.100 0.404
2018-04-12 0.100 0.375
2018-01-25 0.100 0.338
2017-10-05 0.100 0.334
2017-07-13 0.100 0.445
2017-04-13 0.100 0.463
2017-01-26 0.100 0.554
2016-10-06 0.100 0.634
2016-07-14 0.100 0.635
2016-04-07 0.100 0.707
2016-01-21 0.100 0.839
2015-10-08 0.100 0.784
2015-07-16 0.100 0.672
2015-04-02 0.100 0.648
2015-01-22 0.100 0.726
2014-10-09 0.100 0.636
2014-07-17 0.100 0.600
2014-04-03 0.100 0.591
2014-01-23 0.100 0.545
2013-10-10 0.100 0.578
2013-07-18 0.100 0.582
2013-04-04 0.100 0.469
2013-01-24 0.100 0.511
2012-10-04 0.100 0.642
2012-07-19 0.100 0.887
2012-04-13 0.100 1.221
2012-01-26 0.250 2.394
2011-10-06 0.250 3.404
2011-07-14 0.250 3.780
2011-04-07 0.250 2.242
2011-01-27 0.250 1.850
2010-10-07 0.250 2.015
2010-07-15 0.250 2.235
2010-04-01 0.250 1.754
2010-01-21 0.250 1.525
2009-10-01 0.250 1.716
2009-07-09 0.250 1.486
2009-04-02 0.250 1.670
2009-01-22 0.250 2.288

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of KB Home's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (16.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (9.3x coverage).
X
Income/ dividend checks
We assess KB Home'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 KB Home afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. KB Home has a total score of 3/6, see the detailed checks below.


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

KBH Management

 What is the CEO of KB Home'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
Jeff Mezger
COMPENSATION $11,934,897
AGE 63
TENURE AS CEO 13 years
CEO Bio

Mr. Jeffrey T. Mezger, also known as Jeff, has been the Chief Executive Officer and President of KB Home since November 12, 2006 and has been its Chairman since August 17, 2016. As a respected industry voice in sustainability, Mr. Mezger launched a strategic transformation of KB Home that led to the introduction and continuous development of KB Home energy-efficient and environmentally-conscious home designs and helped reduce the environmental impact of its operations. Mr. Mezger has overseen the development of KB Home’s unique home buying experience, which emphasizes consumer choice and value. Under His leadership, KB Home established itself as one of the most recognized brands in homebuilding. He has 23 years of service. He is the Founding Chairman of the Leading Builders of America. Mr. Mezger serves as a Member of the Executive Board of USC Lusk Center for Real Estate. He served as the Chief Operating Officer and Executive Vice President of KB Home from 1999 to 2006. He led the development of KB Home core KBnxt operational business model and expanded and diversified KB Home’s U.S. homebuilding operations. He was responsible for U.S. homebuilding operations, overseeing 36 divisions operating in 40 markets in Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Louisiana, Maryland, Nevada, New Mexico, North Carolina, South Carolina, Texas and Virginia at KB Home. From 2001 to 2004, Mr. Mezger directed an aggressive diversification and acquisition strategy that doubled the number of the KB Home's major markets from 17 to 34. He also oversaw the expansion of its traditional product line of entry-level and move-up single-family homes to cover a broad range of products that meet the demands of today's homebuyers, including higher density infill and luxury residences. He has been instrumental in creating KB Home's culture of operational excellence and has transformed it into a quality and customer service leader. He served as Senior Vice President and Regional General Manager of Southwest region of KB Home from 1998 to 1999 and President of KB Home Arizona division from 1995 to 1998, where he managed the operations of the division and supervised development of new home communities throughout Greater Phoenix and metropolitan Tucson areas. A 30-year homebuilding industry veteran, he joined KB Home in July 1993 as President of its Antelope Valley division in Southern California and served as its President of KB Home Phoenix. In 2005, he helped launch a ground-breaking joint venture between KB Home and Countrywide Home Loans, Countrywide KB Home Loans, a unique partnership between a major homebuilder and one of the country's leading mortgage lenders. Prior to joining KB Home, Mr. Mezger spent 15 years with U.S.A Home and served as its President of Central California division from 1983 to 1993, which expanded under his watch to include Bakersfield, Fresno and Antelope Valley. He serves as Chairman of the Policy Advisory Board of the Joint Center for Housing Studies at Harvard University. He is on the Policy Advisory Board of the Fisher Center for Real Estate & Urban Economics at the University of California, Berkeley. He served as Chairman of Kaufman & Broad SA since November 2006. He served as Vice Chairman of Kaufman & Broad SA from December 13, 2006 to April 2007. He is a recognized opinion leader in the homebuilding industry. He has been a Director of KB Home since November 2006. He serves as a Member of the NAHB High Production Builders Council and has served as an officer on numerous boards of the NAHB. He serves as a Director of Builder Homesite, Inc. He served as a Director of Kaufman & Broad SA from December 13, 2006 to April 2007. In 2012, Mr. Mezger was inducted into the California Homebuilding Foundation Hall of Fame for his outstanding contribution to the building industry through innovation, public service and philanthropy. Mr. Mezger holds a Bachelor of Arts degree in Economics from DePauw University in 1977.

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

Average tenure and age of the KB Home management team in years:

10.1
Average Tenure
58
Average Age
  • The average tenure for the KB Home management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jeff Mezger

TITLE
Chairman
COMPENSATION
$12M
AGE
63
TENURE
13 yrs

Jeff Kaminski

TITLE
Executive VP & CFO
COMPENSATION
$4M
AGE
57
TENURE
9.4 yrs

Matt Mandino

TITLE
Executive VP & COO
COMPENSATION
$5M
AGE
54
TENURE
1.4 yrs

Brian Woram

TITLE
Executive VP & General Counsel
COMPENSATION
$3M
AGE
58
TENURE
9.3 yrs

Albert Praw

TITLE
Executive Vice President of Real Estate & Business Development
COMPENSATION
$3M
AGE
70
TENURE
17.8 yrs

Bill Hollinger

TITLE
Senior VP & Chief Accounting Officer
COMPENSATION
$2M
AGE
60
TENURE
12.8 yrs

Dan Bridleman

TITLE
Senior Vice President of Sustainability

Jill Peters

TITLE
Senior Vice President of Investor Relations
TENURE
3.8 yrs

Amit Desai

TITLE
Senior VP & Chief Marketing Officer

Tom Norton

TITLE
Senior Vice President of Human Resources
AGE
48
TENURE
10.8 yrs
Board of Directors Tenure

Average tenure and age of the KB Home board of directors in years:

4.7
Average Tenure
64.5
Average Age
  • The tenure for the KB Home board of directors is about average.
Board of Directors

Jeff Mezger

TITLE
Chairman
COMPENSATION
$12M
AGE
63
TENURE
3.3 yrs

Kenny Jastrow

TITLE
Independent Director
COMPENSATION
$263K
AGE
71
TENURE
17.9 yrs

Bob Johnson

TITLE
Independent Director
COMPENSATION
$267K
AGE
73
TENURE
11.3 yrs

Tom Gilligan

TITLE
Independent Director
COMPENSATION
$275K
AGE
64
TENURE
7.3 yrs

Melissa Lora

TITLE
Lead Independent Director
COMPENSATION
$302K
AGE
56
TENURE
3 yrs

Timothy Finchem

TITLE
Independent Director
COMPENSATION
$257K
AGE
71
TENURE
14.5 yrs

Mike Wood

TITLE
Independent Director
COMPENSATION
$260K
AGE
71
TENURE
5.8 yrs

Stuart Gabriel

TITLE
Independent Director
COMPENSATION
$255K
AGE
65
TENURE
3.6 yrs

Dorene Dominguez

TITLE
Independent Director
COMPENSATION
$260K
AGE
56
TENURE
2.3 yrs

Rad Weaver

TITLE
Independent Director
COMPENSATION
$262K
AGE
44
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • KB Home individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
05. Nov 19 Sell Jeff Kaminski Individual 01. Nov 19 01. Nov 19 -13,657 €32.47 €-443,504
26. Jul 19 Sell Melissa Lora Individual 25. Jul 19 25. Jul 19 -3,291 €24.07 €-79,221
X
Management checks
We assess KB Home'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. KB Home 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.

KBH News

Simply Wall St News

KBH Company Info

Description

KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. It has operations in Arizona, California, Colorado, Florida, Nevada, North Carolina, Texas, and Washington. The company was formerly known as Kaufman and Broad Home Corporation and changed its name to KB Home in January 2001. KB Home was founded in 1957 and is headquartered in Los Angeles, California.

Details
Name: KB Home
KBH
Exchange: DB
Founded: 1957
$2,758,232,127
88,398,314
Website: http://www.kbhome.com
Address: KB Home
10990 Wilshire Boulevard,
7th Floor,
Los Angeles,
California, 90024,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE KBH Common Stock New York Stock Exchange US USD 01. Aug 1986
DB KBH Common Stock Deutsche Boerse AG DE EUR 01. Aug 1986
BMV KBH * Common Stock Bolsa Mexicana de Valores MX MXN 01. Aug 1986
Number of employees
Current staff
Staff numbers
2,005
KB Home employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 20:53
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/11/04
Last earnings filing: 2019/10/04
Last earnings reported: 2019/08/31
Last annual earnings reported: 2018/11/30


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.