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NVR

DB:NVE
Snowflake Description

Outstanding track record with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NVE
DB
$13B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

NVR, Inc. operates as a homebuilder in the United States. The last earnings update was 13 days ago. More info.


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NVE Share Price and Events
7 Day Returns
2.5%
DB:NVE
-1.1%
DE Consumer Durables
0.1%
DE Market
1 Year Returns
60.1%
DB:NVE
2.9%
DE Consumer Durables
8.8%
DE Market
NVE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NVR (NVE) 2.5% 0% 4.1% 60.1% 126.7% 237.7%
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
  • NVE outperformed the Consumer Durables industry which returned 2.9% over the past year.
  • NVE outperformed the Market in Germany which returned 8.8% over the past year.
Price Volatility
NVE
Industry
5yr Volatility vs Market

NVE Value

 Is NVR 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 NVR 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 NVR.

DB:NVE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.6%
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:NVE
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%) (5.2%))
0.898
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.898 * 5.96%)
5.58%

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

The calculations below outline how an intrinsic value for NVR 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:NVE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.58%)
2020 739.67 Analyst x3 700.57
2021 751.16 Est @ 1.55% 673.84
2022 759.84 Est @ 1.16% 645.60
2023 766.51 Est @ 0.88% 616.84
2024 771.74 Est @ 0.68% 588.22
2025 775.95 Est @ 0.55% 560.17
2026 779.45 Est @ 0.45% 532.96
2027 782.44 Est @ 0.38% 506.72
2028 785.08 Est @ 0.34% 481.56
2029 787.47 Est @ 0.3% 457.49
Present value of next 10 years cash flows $5,763.00
DB:NVE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $787.47 × (1 + 0.23%) ÷ (5.58% – 0.23%)
$14,744.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $14,744.69 ÷ (1 + 5.58%)10
$8,566.08
DB:NVE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $5,763.00 + $8,566.08
$14,329.08
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $14,329.08 / 3.69
$3878.07
DB:NVE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NVE represents 0.90705x of NYSE:NVR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90705x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 3,878.07 x 0.90705
€3,517.58
Value per share (EUR) From above. €3,517.58
Current discount Discount to share price of €3,260.00
= -1 x (€3,260.00 - €3,517.58) / €3,517.58
7.3%

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

Current Discount
Amount off the current price NVR is available for.
Intrinsic value
7%
Share price is €3260 vs Future cash flow value of €3517.58
Current Discount Checks
For NVR to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • NVR's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • NVR'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 NVR's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NVR's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NVE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $235.79
NYSE:NVR Share Price ** NYSE (2019-11-14) in USD $3594.07
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 NVR.

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

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

= 3594.07 ÷ 235.79

15.24x

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

  • NVR is good value based on earnings compared to the DE Consumer Durables industry average.
  • NVR is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does NVR's expected growth come at a high price?
Raw Data
DB:NVE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
3.6%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:NVE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.24x ÷ 3.6%

4.26x

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

  • NVR is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on NVR's assets?
Raw Data
DB:NVE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $641.25
NYSE:NVR Share Price * NYSE (2019-11-14) in USD $3594.07
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:NVE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3594.07 ÷ 641.25

5.6x

* Primary Listing of NVR.

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

  • NVR is overvalued based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess NVR'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. NVR has a total score of 2/6, 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.

NVE Future Performance

 How is NVR expected to perform in the next 1 to 3 years based on estimates from 7 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
3.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NVR expected to grow at an attractive rate?
  • NVR's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • NVR's earnings growth is positive but not above the Germany market average.
  • NVR's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NVE Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NVE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 3.6%
DB:NVE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 5.1%
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:NVE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NVE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 8,161 970 1
2020-12-31 7,759 794 868 6
2019-12-31 7,340 878 858 6
2019-11-14
DB:NVE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 7,428 741 855
2019-06-30 7,366 856 827
2019-03-31 7,349 873 820
2018-12-31 7,187 723 797
2018-09-30 7,006 727 690
2018-06-30 6,819 562 656
2018-03-31 6,574 540 601
2017-12-31 6,320 570 538
2017-09-30 6,255 631 564
2017-06-30 6,123 564 519
2017-03-31 5,966 546 463
2016-12-31 5,833 393 425

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NVR's earnings are expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
  • NVR's revenue is expected to grow by 5.1% 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:NVE 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 7 Analyst Estimates (S&P Global) See Below

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

DB:NVE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 251.77 251.77 251.77 1.00
2020-12-31 224.70 237.65 207.39 7.00
2019-12-31 216.10 218.67 213.87 6.00
2019-11-14
DB:NVE Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 235.79
2019-06-30 229.07
2019-03-31 226.77
2018-12-31 219.55
2018-09-30 188.26
2018-06-30 177.40
2018-03-31 161.23
2017-12-31 143.99
2017-09-30 150.91
2017-06-30 137.91
2017-03-31 121.74
2016-12-31 110.54

*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 NVR will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess NVR'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.
NVR 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.

NVE Past Performance

  How has NVR 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 NVR'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.
  • NVR has delivered over 20% year on year earnings growth in the past 5 years.
  • NVR's 1-year earnings growth exceeds its 5-year average (23.9% vs 23.2%)
  • NVR's earnings growth has exceeded the DE Consumer Durables industry average in the past year (23.9% vs -21.1%).
Earnings and Revenue History
NVR'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 NVR Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NVE 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 7,428.27 854.56 445.35
2019-06-30 7,365.58 826.59 444.75
2019-03-31 7,349.20 819.55 439.06
2018-12-31 7,187.11 797.20 428.87
2018-09-30 7,005.77 689.66 419.10
2018-06-30 6,818.75 655.94 405.33
2018-03-31 6,573.86 600.65 397.92
2017-12-31 6,320.23 537.52 392.27
2017-09-30 6,254.76 563.79 386.14
2017-06-30 6,123.44 519.08 383.41
2017-03-31 5,966.32 462.88 384.35
2016-12-31 5,832.93 425.26 382.46
2016-09-30 5,634.99 408.38 382.85
2016-06-30 5,499.68 407.45 378.64
2016-03-31 5,355.36 409.17 370.91
2015-12-31 5,168.45 382.93 371.13
2015-09-30 4,940.67 348.37 369.96
2015-06-30 4,741.15 322.06 365.18
2015-03-31 4,598.42 296.84 366.45
2014-12-31 4,452.36 281.63 358.85
2014-09-30 4,366.81 279.99 341.70
2014-06-30 4,352.76 272.77 336.71
2014-03-31 4,261.47 255.29 325.25
2013-12-31 4,220.21 266.48 313.03
2013-09-30 3,921.85 229.29 318.13
2013-06-30 3,602.71 199.36 315.79
2013-03-31 3,361.81 195.51 307.42
2012-12-31 3,192.64 180.59 301.18

*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.
  • NVR has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • NVR used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • NVR has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess NVR'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.
NVR has a total score of 6/6, 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.

NVE Health

 How is NVR'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 NVR's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NVR is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • NVR's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of NVR'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 5.2x 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 NVR Company Filings, last reported 1 month ago.

DB:NVE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,371.46 598.15 1,068.47
2019-06-30 2,119.44 597.99 861.25
2019-03-31 1,898.78 597.84 805.50
2018-12-31 1,808.56 597.68 689.10
2018-09-30 1,682.32 597.53 599.12
2018-06-30 1,607.57 597.37 418.47
2018-03-31 1,466.81 597.22 415.91
2017-12-31 1,605.49 597.07 646.16
2017-09-30 1,650.68 596.91 611.09
2017-06-30 1,535.78 596.76 518.48
2017-03-31 1,408.28 596.61 482.69
2016-12-31 1,304.44 596.46 376.96
2016-09-30 1,299.14 596.30 249.73
2016-06-30 1,357.60 596.15 353.18
2016-03-31 1,256.46 596.00 302.95
2015-12-31 1,239.17 595.85 397.52
2015-09-30 1,240.49 599.24 375.89
2015-06-30 1,274.88 599.21 476.49
2015-03-31 1,165.24 599.19 520.53
2014-12-31 1,124.26 599.23 514.78
2014-09-30 1,151.39 599.80 455.39
2014-06-30 1,099.22 600.38 538.94
2014-03-31 1,326.08 601.25 874.06
2013-12-31 1,261.35 602.44 844.27
2013-09-30 1,275.09 599.61 804.63
2013-06-30 1,320.28 600.64 773.29
2013-03-31 1,552.09 601.55 1,082.79
2012-12-31 1,480.48 603.56 1,139.10
  • NVR's level of debt (25.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (51% vs 25.2% today).
  • Debt is well covered by operating cash flow (123.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 43.2x coverage).
X
Financial health checks
We assess NVR'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. NVR has a total score of 6/6, 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.

NVE Dividends

 What is NVR'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 NVR dividends. Estimated to be 0% next year.
If you bought €2,000 of NVR 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 NVR's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate NVR'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:NVE 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 7 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:NVE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
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 NVR has not reported any payouts.
  • Unable to verify if NVR's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of NVR's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as NVR has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of NVR's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess NVR'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 NVR afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NVR 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.

NVE Management

 What is the CEO of NVR'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
Paul Saville
COMPENSATION $39,134,164
AGE 63
TENURE AS CEO 14.3 years
CEO Bio

Mr. Paul C. Saville has been the Chief Executive Officer and President of NVR Inc. since July 1, 2005. Mr. Saville served as an Executive Vice President of Finance and Chief Financial Officer of NVR Inc. from January 1, 2002 to June 30, 2005 and from September 30, 1993 to June 30, 2005 respectively. He served as Treasurer of NVR Inc. from September 30, 1993 to June 30, 2005. He serves as Trustee of Inova Health Systems, Inc.

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

Average tenure and age of the NVR management team in years:

3.8
Average Tenure
49
Average Age
  • The tenure for the NVR management team is about average.
Management Team

Paul Saville

TITLE
President & CEO
COMPENSATION
$39M
AGE
63
TENURE
14.3 yrs

Dan Malzahn

TITLE
Senior VP
COMPENSATION
$13M
AGE
49
TENURE
6.8 yrs

Jeffrey Martchek

TITLE
President of Homebuilding Operations
COMPENSATION
$11M
AGE
53
TENURE
3.8 yrs

Eugene Bredow

TITLE
President of NVR Mortgage
COMPENSATION
$10M
AGE
49
TENURE
0.8 yrs

Paul Praylo

TITLE
Senior VP & COO
AGE
47

Matthew Kelpy

TITLE
VP, Chief Accounting Officer & Controller
AGE
46
TENURE
1.8 yrs

Curt McKay

TITLE
Vice President of Business Planning & Investor Relations

James Sack

TITLE
VP, General Counsel & Secretary

Gary Brown

TITLE
Senior Vice President of Human Resources
Board of Directors Tenure

Average tenure and age of the NVR board of directors in years:

10.9
Average Tenure
70.5
Average Age
  • The average tenure for the NVR board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Dwight Schar

TITLE
Chairman of the Board
COMPENSATION
$18M
AGE
77
TENURE
26.2 yrs

Manuel Johnson

TITLE
Independent Director
COMPENSATION
$789K
AGE
70
TENURE
26.2 yrs

David Preiser

TITLE
Independent Lead Director
COMPENSATION
$793K
AGE
61

Tom Eckert

TITLE
Independent Director
COMPENSATION
$785K
AGE
71
TENURE
7.9 yrs

William Moran

TITLE
Director
COMPENSATION
$765K
AGE
72
TENURE
26.2 yrs

C.E. Andrews

TITLE
Independent Director
COMPENSATION
$773K
AGE
67
TENURE
11.5 yrs

Fred Festa

TITLE
Independent Director
COMPENSATION
$781K
AGE
59
TENURE
10.9 yrs

W. Rosier

TITLE
Independent Director
COMPENSATION
$776K
AGE
71
TENURE
10.9 yrs

Mel Martinez

TITLE
Independent Director
COMPENSATION
$773K
AGE
72
TENURE
6.9 yrs

Ed Grier

TITLE
Independent Director
COMPENSATION
$773K
AGE
64
TENURE
6.5 yrs
Who owns this company?
Recent Insider Trading
  • NVR 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 (€)
12. Nov 19 Sell Dwight Schar Individual 07. Nov 19 08. Nov 19 -11,393 €3,119.00 €-35,386,571
05. Nov 19 Sell Dwight Schar Individual 01. Nov 19 04. Nov 19 -4,407 €3,295.50 €-14,194,085
21. May 19 Buy Alexandra Jung Individual 20. May 19 20. May 19 70 €2,940.40 €205,828
16. May 19 Sell David Preiser Individual 15. May 19 15. May 19 -520 €2,955.26 €-1,536,738
03. May 19 Sell David Preiser Individual 02. May 19 02. May 19 -500 €2,874.60 €-1,437,301
29. Apr 19 Sell David Preiser Individual 25. Apr 19 25. Apr 19 -144 €2,872.96 €-413,706
21. Feb 19 Buy Matthew Kelpy Individual 19. Feb 19 19. Feb 19 25 €2,355.02 €58,876
21. Feb 19 Buy Susan Ross Individual 19. Feb 19 19. Feb 19 25 €2,319.80 €57,995
14. Feb 19 Buy Alexandra Jung Individual 12. Feb 19 12. Feb 19 25 €2,309.71 €57,743
X
Management checks
We assess NVR'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. NVR 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.

NVE News

Simply Wall St News

NVE Company Info

Description

NVR, Inc. operates as a homebuilder in the United States. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers. It also provides various mortgage related services to its homebuilding customers; brokers title insurance; and performs title searches in connection with mortgage loan closings. The company was founded in 1980 and is headquartered in Reston, Virginia.

Details
Name: NVR, Inc.
NVE
Exchange: DB
Founded: 1980
$12,059,338,444
3,694,905
Website: http://www.nvrinc.com
Address: NVR, Inc.
Plaza America Tower I,
Suite 500,
Reston,
Virginia, 20190,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE NVR Common Stock New York Stock Exchange US USD 01. Oct 1993
DB NVE Common Stock Deutsche Boerse AG DE EUR 01. Oct 1993
BMV NVR * Common Stock Bolsa Mexicana de Valores MX MXN 01. Oct 1993
Number of employees
Current staff
Staff numbers
5,600
NVR employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 21:23
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/11/06
Last earnings filing: 2019/11/01
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.