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TRI Pointe Group

DB:T86
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
T86
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

TRI Pointe Group, Inc. engages in the design, construction, and sale of single-family detached and attached homes in the United States. The last earnings update was 19 days ago. More info.


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T86 Share Price and Events
7 Day Returns
0.7%
DB:T86
0.5%
DE Consumer Durables
-0.3%
DE Market
1 Year Returns
30.4%
DB:T86
4%
DE Consumer Durables
10.4%
DE Market
T86 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TRI Pointe Group (T86) 0.7% -2.9% 10.2% 30.4% 24.9% 12.3%
DE Consumer Durables 0.5% 5.1% 4.1% 4% -3% 13.6%
DE Market -0.3% 4.2% 12.4% 10.4% 13.9% 17.1%
1 Year Return vs Industry and Market
  • T86 outperformed the Consumer Durables industry which returned 4% over the past year.
  • T86 outperformed the Market in Germany which returned 10.4% over the past year.
Price Volatility
T86
Industry
5yr Volatility vs Market

Value

 Is TRI Pointe Group 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 TRI Pointe Group 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 TRI Pointe Group.

DB:T86 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
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:T86
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))
= 0.812 (1 + (1- 21%) (69.88%))
1.174
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.174 * 5.96%)
7.23%

Discounted Cash Flow Calculation for DB:T86 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TRI Pointe Group 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:T86 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.23%)
2020 114.70 Analyst x1 106.97
2021 95.04 Est @ -17.14% 82.66
2022 83.71 Est @ -11.93% 67.90
2023 76.77 Est @ -8.28% 58.08
2024 72.37 Est @ -5.73% 51.06
2025 69.52 Est @ -3.94% 45.74
2026 67.65 Est @ -2.69% 41.51
2027 66.42 Est @ -1.82% 38.01
2028 65.62 Est @ -1.2% 35.03
2029 65.12 Est @ -0.77% 32.41
Present value of next 10 years cash flows $559.00
DB:T86 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $65.12 × (1 + 0.23%) ÷ (7.23% – 0.23%)
$932.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $932.69 ÷ (1 + 7.23%)10
$464.25
DB:T86 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $559.00 + $464.25
$1,023.25
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,023.25 / 139.24
$7.35
DB:T86 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:T86 represents 0.88773x of NYSE:TPH
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88773x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 7.35 x 0.88773
€6.52
Value per share (EUR) From above. €6.52
Current discount Discount to share price of €13.60
= -1 x (€13.60 - €6.52) / €6.52
-108.5%

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

  • The current share price of TRI Pointe Group 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 TRI Pointe Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TRI Pointe Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:T86 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $1.33
NYSE:TPH Share Price ** NYSE (2019-11-19) in USD $15.32
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 16.53x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.74x

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

** Primary Listing of TRI Pointe Group.

DB:T86 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 15.32 ÷ 1.33

11.51x

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

  • TRI Pointe Group is good value based on earnings compared to the DE Consumer Durables industry average.
  • TRI Pointe Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does TRI Pointe Group's expected growth come at a high price?
Raw Data
DB:T86 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
8.9%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 1x
Germany Market PEG Ratio Median Figure of 258 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

DB:T86 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.51x ÷ 8.9%

1.3x

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

  • TRI Pointe Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on TRI Pointe Group's assets?
Raw Data
DB:T86 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $15.17
NYSE:TPH Share Price * NYSE (2019-11-19) in USD $15.32
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.88x
DB:T86 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 15.32 ÷ 15.17

1.01x

* Primary Listing of TRI Pointe Group.

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

  • TRI Pointe Group is good value based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess TRI Pointe Group'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. TRI Pointe Group has a total score of 3/6, 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 TRI Pointe Group expected to perform in the next 1 to 3 years based on estimates from 8 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
8.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TRI Pointe Group expected to grow at an attractive rate?
  • TRI Pointe Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • TRI Pointe Group's earnings growth is positive but not above the Germany market average.
  • TRI Pointe Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:T86 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:T86 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 8.9%
DB:T86 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 5.4%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 14%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:T86 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:T86 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 3,552 1
2021-12-31 3,334 217 2
2020-12-31 3,313 90 214 8
2019-12-31 3,030 38 188 8
2019-11-19
DB:T86 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 3,074 288 189
2019-06-30 3,101 207 190
2019-03-31 3,174 146 227
2018-12-31 3,263 311 270
2018-09-30 3,259 240 245
2018-06-30 3,201 322 253
2018-03-31 3,001 264 222
2017-12-31 2,810 102 187
2017-09-30 2,456 -108 171
2017-06-30 2,320 -193 134
2017-03-31 2,374 -131 175
2016-12-31 2,405 -158 195

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TRI Pointe Group's earnings are expected to grow by 8.9% yearly, however this is not considered high growth (20% yearly).
  • TRI Pointe Group's revenue is expected to grow by 5.4% 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:T86 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 8 Analyst Estimates (S&P Global) See Below

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

DB:T86 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 1.57 1.65 1.48 2.00
2020-12-31 1.53 1.59 1.39 8.00
2019-12-31 1.33 1.37 1.30 8.00
2019-11-19
DB:T86 Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 1.33
2019-06-30 1.32
2019-03-31 1.56
2018-12-31 1.82
2018-09-30 1.63
2018-06-30 1.67
2018-03-31 1.46
2017-12-31 1.21
2017-09-30 1.09
2017-06-30 0.84
2017-03-31 1.09
2016-12-31 1.21

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

Past Performance

  How has TRI Pointe Group 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 TRI Pointe Group'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.
  • TRI Pointe Group's year on year earnings growth rate has been positive over the past 5 years.
  • TRI Pointe Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • TRI Pointe Group's 1-year earnings growth is negative, it can't be compared to the DE Consumer Durables industry average.
Earnings and Revenue History
TRI Pointe Group'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 TRI Pointe Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:T86 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 3,074.44 188.58 351.93
2019-06-30 3,101.11 189.68 347.70
2019-03-31 3,173.70 227.10 345.38
2018-12-31 3,262.75 269.91 342.30
2018-09-30 3,258.57 244.55 321.62
2018-06-30 3,201.23 252.84 304.79
2018-03-31 3,000.56 221.88 288.58
2017-12-31 2,810.27 187.19 274.83
2017-09-30 2,455.51 171.03 263.96
2017-06-30 2,319.80 133.60 260.96
2017-03-31 2,374.40 174.81 257.87
2016-12-31 2,405.14 195.17 252.02
2016-09-30 2,511.63 222.38 252.52
2016-06-30 2,577.74 237.71 246.16
2016-03-31 2,448.04 218.71 237.13
2015-12-31 2,401.16 205.46 233.74
2015-09-30 2,155.92 161.82 217.83
2015-06-30 1,985.70 122.62 210.40
2015-03-31 1,832.74 91.91 198.49
2014-12-31 1,703.62 84.20 185.96
2014-09-30 1,556.11 -136.85 176.45
2014-03-31 1,327.33 -143.66 171.02
2013-12-31 1,274.71 -151.29 168.77
2013-09-30 1,195.00 76.94 173.89
2012-12-31 1,070.31 60.72 153.61

*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.
  • TRI Pointe Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TRI Pointe Group used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • TRI Pointe Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TRI Pointe Group'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.
TRI Pointe Group has a total score of 2/6, 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 TRI Pointe Group'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 TRI Pointe Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TRI Pointe Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TRI Pointe Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TRI Pointe Group'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 2.5x 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 TRI Pointe Group Company Filings, last reported 1 month ago.

DB:T86 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,111.70 1,433.06 130.26
2019-06-30 2,086.64 1,432.15 171.52
2019-03-31 2,057.04 1,412.46 148.78
2018-12-31 2,056.94 1,410.80 277.70
2018-09-30 1,961.00 1,519.20 83.09
2018-06-30 2,032.31 1,453.37 239.91
2018-03-31 1,964.25 1,473.07 324.61
2017-12-31 1,930.33 1,471.30 282.91
2017-09-30 1,845.98 1,669.56 162.40
2017-06-30 1,792.87 1,617.86 114.95
2017-03-31 1,853.80 1,419.91 128.52
2016-12-31 1,848.51 1,382.03 208.66
2016-09-30 1,808.36 1,384.48 128.72
2016-06-30 1,774.78 1,283.02 117.51
2016-03-31 1,720.84 1,246.64 144.02
2015-12-31 1,686.46 1,172.95 214.49
2015-09-30 1,587.74 1,248.91 96.99
2015-06-30 1,550.71 1,308.39 121.91
2015-03-31 1,490.63 1,218.79 106.57
2014-12-31 1,472.48 1,148.01 170.63
2014-09-30 1,423.58 1,174.99 147.68
2014-03-31 836.63 874.85 3.34
2013-12-31 825.52 841.16 4.51
2013-09-30 1,010.75 947.34 5.28
2012-12-31 993.73 799.80 5.21
  • TRI Pointe Group's level of debt (67.9%) 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 (82.5% vs 67.9% today).
  • Debt is well covered by operating cash flow (20.1%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on TRI Pointe Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess TRI Pointe Group'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. TRI Pointe Group 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.

Dividends

 What is TRI Pointe Group'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 TRI Pointe Group dividends.
If you bought €2,000 of TRI Pointe Group 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 TRI Pointe Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate TRI Pointe Group'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:T86 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 8 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 335 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
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:T86 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2019-11-19

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

  • Unable to perform a dividend volatility check as TRI Pointe Group has not reported any payouts.
  • Unable to verify if TRI Pointe Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of TRI Pointe Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as TRI Pointe Group 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 TRI Pointe Group'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 TRI Pointe Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TRI Pointe Group 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 TRI Pointe Group'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
Doug Bauer
COMPENSATION $5,251,390
AGE 58
TENURE AS CEO 6.8 years
CEO Bio

Mr. Douglas F. Bauer, also known as Doug, Founded TRI Pointe Group, Inc. (also known as TRI Pointe Homes, Inc.) and has been its Chief Executive Officer since January 30, 2013. Mr. Bauer served as the Chief Operating Officer and President of William Lyon Homes from March 1, 2007 to March 18, 2009 and oversaw all facets of its creation and growth. Mr. Bauer joined William Lyon Homes in 1999 when it acquired substantially all of the assets of the former William Lyon Homes. He served as an Executive Vice President of William Lyon Homes from July 1, 2005 to March 1, 2007, President for its Northern California Division from 1999 to March 1, 2007 and also served as its Senior Vice President until July 1, 2005. He served as a Vice President, Finance and Chief Financial Officer of William Lyon Homes. His past experience include seven years at Security Pacific National Bank in Los Angeles, California in various financial positions. He has more than 20 years of experience in the real estate development and homebuilding industry. He has been a Director of TRI Pointe Group, Inc. since January 30, 2013. He served as a Director at TRI Pointe Homes, LLC. He served as a Director of William Lyon Homes from February 27, 2007 to March 18, 2009. Mr. Bauer holds a BA from The University of Oregon and an MBA from The University of Southern California.

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

Average tenure and age of the TRI Pointe Group management team in years:

3.6
Average Tenure
53
Average Age
  • The tenure for the TRI Pointe Group management team is about average.
Management Team

Doug Bauer

TITLE
CEO & Director
COMPENSATION
$5M
AGE
58
TENURE
6.8 yrs

Tom Mitchell

TITLE
President & COO
COMPENSATION
$5M
AGE
58
TENURE
6.8 yrs

Mike Grubbs

TITLE
Co-Founder
COMPENSATION
$3M
AGE
60

Glenn Keeler

TITLE
VP & Chief Accounting Officer
COMPENSATION
$811K
AGE
42
TENURE
5.4 yrs

David Lee

TITLE
VP, General Counsel & Secretary
COMPENSATION
$735K
AGE
47
TENURE
1.8 yrs

Chris Martin

TITLE
Head of Investor Relations & VP of Finance

Linda Mamet

TITLE
Chief Marketing Officer
AGE
48
TENURE
0.7 yrs

Heather Breidenthal

TITLE
Chief Human Resources Officer
TENURE
1.5 yrs

Mike Taylor

TITLE
President of Pardee Homes Inland Empire

Dave Little

TITLE
President of Pardee Homes Los Angeles/Ventura
Board of Directors Tenure

Average tenure and age of the TRI Pointe Group board of directors in years:

5.3
Average Tenure
66
Average Age
  • The tenure for the TRI Pointe Group board of directors is about average.
Board of Directors

Steve Gilbert

TITLE
Independent Chairman of the Board
COMPENSATION
$315K
AGE
72
TENURE
2.7 yrs

Doug Bauer

TITLE
CEO & Director
COMPENSATION
$5M
AGE
58
TENURE
6.8 yrs

Tom Rogers

TITLE
Independent Director
COMPENSATION
$250K
AGE
79
TENURE
6.8 yrs

Connie Moore

TITLE
Independent Director
COMPENSATION
$251K
AGE
63
TENURE
5.3 yrs

Dan Fulton

TITLE
Independent Director
COMPENSATION
$241K
AGE
70
TENURE
5.3 yrs

Larry Burrows

TITLE
Independent Director
COMPENSATION
$225K
AGE
66
TENURE
5.3 yrs

Vicki McWilliams

TITLE
Independent Director
COMPENSATION
$160K
AGE
61
TENURE
1.3 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 (€)
X
Management checks
We assess TRI Pointe Group'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. TRI Pointe Group 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

TRI Pointe Group, Inc. engages in the design, construction, and sale of single-family detached and attached homes in the United States. It operates a portfolio of 6 brands across 10 states, including Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and Colorado; and Winchester Homes in Maryland and Virginia. The company sells its homes through own sales representatives and independent real estate brokers. It also provides financial services, such as mortgage financing, title, and property and casualty insurance agency services. The company was founded in 2009 and is headquartered in Irvine, California.

Details
Name: TRI Pointe Group, Inc.
T86
Exchange: DB
Founded: 2009
$1,925,142,170
139,237,697
Website: http://www.tripointegroup.com
Address: TRI Pointe Group, Inc.
19540 Jamboree Road,
Suite 300,
Irvine,
California, 92612,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TPH New Common Stock New York Stock Exchange US USD 08. Jul 2014
DB T86 New Common Stock Deutsche Boerse AG DE EUR 08. Jul 2014
Number of employees
Current staff
Staff numbers
1,435
TRI Pointe Group employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 21:46
End of day share price update: 2019/11/19 00:00
Last estimates confirmation: 2019/11/05
Last earnings filing: 2019/10/31
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.