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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.14
HOVNP's Cash to Debt is ranked lower than
67% of the 447 Companies
in the Global Residential Construction industry.

( Industry Median: 1.07 vs. HOVNP: 0.14 )
HOVNP' s 10-Year Cash to Debt Range
Min: 0   Max: 0.37
Current: 0.14

0
0.37
Interest Coverage -0.40
HOVNP's Interest Coverage is ranked lower than
75% of the 291 Companies
in the Global Residential Construction industry.

( Industry Median: 24.26 vs. HOVNP: -0.40 )
HOVNP' s 10-Year Interest Coverage Range
Min: -735   Max: 1000
Current: -0.4

-735
1000
F-Score: 3
Z-Score: 0.04
M-Score: -2.90
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating margin (%) -2.07
HOVNP's Operating margin (%) is ranked lower than
56% of the 443 Companies
in the Global Residential Construction industry.

( Industry Median: 4.59 vs. HOVNP: -2.07 )
HOVNP' s 10-Year Operating margin (%) Range
Min: -100.1   Max: 18.8
Current: -2.07

-100.1
18.8
Net-margin (%) -3.61
HOVNP's Net-margin (%) is ranked higher than
50% of the 443 Companies
in the Global Residential Construction industry.

( Industry Median: 3.10 vs. HOVNP: -3.61 )
HOVNP' s 10-Year Net-margin (%) Range
Min: -62.4   Max: 73.9
Current: -3.61

-62.4
73.9
ROA (%) -3.81
HOVNP's ROA (%) is ranked higher than
57% of the 444 Companies
in the Global Residential Construction industry.

( Industry Median: 2.52 vs. HOVNP: -3.81 )
HOVNP' s 10-Year ROA (%) Range
Min: -49.6   Max: 44.8
Current: -3.81

-49.6
44.8
ROC (Joel Greenblatt) (%) -4.80
HOVNP's ROC (Joel Greenblatt) (%) is ranked lower than
55% of the 444 Companies
in the Global Residential Construction industry.

( Industry Median: 7.64 vs. HOVNP: -4.80 )
HOVNP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -120.4   Max: 74
Current: -4.8

-120.4
74
Revenue Growth (%) -12.90
HOVNP's Revenue Growth (%) is ranked lower than
64% of the 285 Companies
in the Global Residential Construction industry.

( Industry Median: 4.90 vs. HOVNP: -12.90 )
HOVNP' s 10-Year Revenue Growth (%) Range
Min: -32.4   Max: 19.5
Current: -12.9

-32.4
19.5
EBITDA Growth (%) -54.50
HOVNP's EBITDA Growth (%) is ranked lower than
172% of the 216 Companies
in the Global Residential Construction industry.

( Industry Median: 3.70 vs. HOVNP: -54.50 )
HOVNP' s 10-Year EBITDA Growth (%) Range
Min: -54.5   Max: 24.2
Current: -54.5

-54.5
24.2
» HOVNP's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

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Preferred stocks of Hovnanian Enterprises Inc

SymbolPriceYieldDescription
HOVNP13.8223.20ADR

Ratios

vs
industry
vs
history
EV-to-EBIT 27.80
HOVNP's EV-to-EBIT is ranked lower than
83% of the 349 Companies
in the Global Residential Construction industry.

( Industry Median: 13.47 vs. HOVNP: 27.80 )
HOVNP' s 10-Year EV-to-EBIT Range
Min: 3.5   Max: 39.6
Current: 27.8

3.5
39.6

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 23.20
HOVNP's Dividend Yield is ranked lower than
135% of the 275 Companies
in the Global Residential Construction industry.

( Industry Median: 1.96 vs. HOVNP: 23.20 )
HOVNP' s 10-Year Dividend Yield Range
Min: 0   Max: 0
Current: 23.2

Yield on cost (5-Year) 23.20
HOVNP's Yield on cost (5-Year) is ranked lower than
128% of the 289 Companies
in the Global Residential Construction industry.

( Industry Median: 2.08 vs. HOVNP: 23.20 )
HOVNP' s 10-Year Yield on cost (5-Year) Range
Min: 0   Max: 0
Current: 23.2

Valuation & Return

vs
industry
vs
history
Earnings Yield (Greenblatt) 3.60
HOVNP's Earnings Yield (Greenblatt) is ranked lower than
79% of the 373 Companies
in the Global Residential Construction industry.

( Industry Median: 7.30 vs. HOVNP: 3.60 )
HOVNP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.5   Max: 28.2
Current: 3.6

2.5
28.2

Business Description

Industry: Homebuilding & Construction » Residential Construction
Compare:MDC, TOL, DWAHY, DITFY, MTH » details
Traded in other countries:HOVVB.USA, HOV.USA, HO3.Germany
Hovnanian Enterprises Inc was incorporated in New Jersey in 1967 and reincorporated in Delaware in 1983. The Company designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, mid-rise and high-rise condominiums, urban infill and active adult homes in planned residential developments. The Company consists of two distinct operations: homebuilding and financial services. Its homebuilding operations consist of six segments: Northeast, Mid-Atlantic, Midwest, Southeast, Southwest and West. Its financial services operations provide mortgage loans and title services to the customers of its homebuilding operations. It offers products array to provide housing to a range of customers. Its customers consist of first-time buyers, first-time and second-time move-up buyers, luxury buyers, active adult buyers and empty nesters. Its diverse product array includes single-family detached homes, attached townhomes and condominiums, mid-rise and high-rise condominiums, urban infill and active adult homes. The Company's residential communities are generally located in suburban areas easily accessible through public and personal transportation. Its communities are designed as neighborhoods that fit existing land characteristics. Recreational amenities such as swimming pools, tennis courts, clubhouses and tot lots are frequently included. It designs and supervises the development and building of its communities. Its homes are constructed according to standardized prototypes, which are designed and engineered to provide innovative product design while attempting to minimize costs of construction. The Company's financial services segment provides its customers with competitive financing and coordinates and expedites the loan origination transaction through the steps of loan application, loan approval, and closing and title services. The Company is subject to various local, state and federal statutes, ordinances, rules and regulations concerning zoning, building design, construction and similar matters, including local regulations which impose restrictive zoning and density requirements in order to limit the number of homes that can eventually be built within the boundaries of a particular locality. The Company is also subject to a variety of local, state and federal statutes, ordinances, rules and regulations concerning protection of health and the environment.

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