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1001.45 (1y: +29%)
Market Cap 4.97 B P/E(ttm) 26.30
Enterprise Value 4.51 B P/B 3.40
NVR- NYSE (USA)
NVR, Inc.
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$1001.45
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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 2.215
NVR's Cash to Debt is ranked higher than
60% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 2.14 vs. NVR: 2.215 )
NVR' s 10-Year Cash to Debt Range
Min: 0.32   Max: 96.29
Current: 2.22
0.32
96.29
Equity to Asset 0.546
NVR's Equity to Asset is ranked higher than
58% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 0.49 vs. NVR: 0.546 )
NVR' s 10-Year Equity to Asset Range
Min: 0.25   Max: 0.75
Current: 0.55
0.25
0.75
Interest Coverage 93.4
NVR's Interest Coverage is ranked higher than
59% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 338.80 vs. NVR: 93.4 )
NVR' s 10-Year Interest Coverage Range
Min: 10   Max: No Debt
Current: 93.4
F-Score: 6
Z-Score: 7.37
M-Score: -0.9
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 : 8/10

vs
industry		 vs
history
Operating margin (%) 8.90
NVR's Operating margin (%) is ranked higher than
81% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 3.60 vs. NVR: 8.90 )
NVR' s 10-Year Operating margin (%) Range
Min: 4.9   Max: 20.9
Current: 8.9
4.9
20.9
Net-margin (%) 5.7
NVR's Net-margin (%) is ranked higher than
81% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 2.10 vs. NVR: 5.7 )
NVR' s 10-Year Net-margin (%) Range
Min: 2.7   Max: 13.2
Current: 5.7
2.7
13.2
ROE (%) 12.2
NVR's ROE (%) is ranked higher than
86% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 4.00 vs. NVR: 12.2 )
NVR' s 10-Year ROE (%) Range
Min: 7.3   Max: 103
Current: 12.2
7.3
103
ROA (%) 6.9
NVR's ROA (%) is ranked higher than
91% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 1.60 vs. NVR: 6.9 )
NVR' s 10-Year ROA (%) Range
Min: 4.8   Max: 30.8
Current: 6.9
4.8
30.8
ROC (Joel Greenblatt) (%) 94.80
NVR's ROC (Joel Greenblatt) (%) is ranked higher than
97% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 5.60 vs. NVR: 94.80 )
NVR' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 81   Max: 13601.2
Current: 94.8
81
13601.2
Revenue Growth (%) 8.6
NVR's Revenue Growth (%) is ranked higher than
85% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: -2.10 vs. NVR: 8.6 )
NVR' s 10-Year Revenue Growth (%) Range
Min: -16.5   Max: 21.3
Current: 8.6
-16.5
21.3
EBITDA Growth (%) 2.1
NVR's EBITDA Growth (%) is ranked higher than
91% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 3.00 vs. NVR: 2.1 )
NVR' s 10-Year EBITDA Growth (%) Range
Min: -30.7   Max: 32
Current: 2.1
-30.7
32
EPS Growth (%) 3
NVR's EPS Growth (%) is ranked higher than
84% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 6.10 vs. NVR: 3 )
NVR' s 10-Year EPS Growth (%) Range
Min: -34   Max: 41.4
Current: 3
-34
41.4
» NVR's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

NVR Guru Trades in Q2 2012

Jim Simons 2,800 sh (New)
Lee Ainslie 111,335 sh (New)
Chuck Royce 58,346 sh (+1.52%)
Manning & Napier Advisors, Inc 24,635 sh (+1.11%)
Columbia Wanger 69,600 sh (unchged)
Alan Fournier 258,113 sh (unchged)
David Einhorn 64,050 sh (unchged)
Mario Gabelli 300 sh (unchged)
Dodge & Cox 132,485 sh (-0.15%)
Arnold Schneider 49,727 sh (-15.57%)
Jeremy Grantham 4,740 sh (-63.97%)
» More
Q3 2012

NVR Guru Trades in Q3 2012

Steven Cohen 1,200 sh (New)
Lee Ainslie 200,717 sh (+80.28%)
Arnold Schneider 63,932 sh (+28.57%)
Alan Fournier 267,402 sh (+3.6%)
Mario Gabelli 300 sh (unchged)
Columbia Wanger 69,600 sh (unchged)
David Einhorn 64,050 sh (unchged)
Jim Simons Sold Out
Dodge & Cox 130,585 sh (-1.43%)
Manning & Napier Advisors, Inc 23,785 sh (-3.45%)
Chuck Royce 51,721 sh (-11.35%)
Jeremy Grantham 697 sh (-85.3%)
» More
Q4 2012

NVR Guru Trades in Q4 2012

Columbia Wanger 75,600 sh (+8.62%)
Lee Ainslie 210,137 sh (+4.69%)
Mario Gabelli Sold Out
Dodge & Cox 126,885 sh (-2.83%)
Alan Fournier 259,302 sh (-3.03%)
Chuck Royce 49,481 sh (-4.33%)
David Einhorn 56,205 sh (-12.25%)
Manning & Napier Advisors, Inc 19,651 sh (-17.38%)
Arnold Schneider 32,190 sh (-49.65%)
Steven Cohen 380 sh (-68.33%)
» More
Q1 2013

NVR Guru Trades in Q1 2013

Ken Heebner 98,500 sh (New)
Jim Simons 2,400 sh (New)
Steven Cohen 915 sh (+140.79%)
Manning & Napier Advisors, Inc 19,811 sh (+0.81%)
Alan Fournier 259,302 sh (unchged)
Columbia Wanger 75,600 sh (unchged)
David Einhorn Sold Out
Dodge & Cox 124,265 sh (-2.06%)
Chuck Royce 43,405 sh (-12.28%)
Arnold Schneider 23,008 sh (-28.52%)
Lee Ainslie 104,227 sh (-50.4%)
» More
» Details

Insider Trades

Latest Guru Trades with NVR

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Lee Ainslie 2013-03-31 Reduce -50.4%1.46%$920 - $1080.11 $ 1001.45-1%104227
Lee Ainslie 2012-12-31 Add 4.69%0.13%$847.59 - $959.25 $ 1001.4511%210137
Mario Gabelli 2012-12-31 Sold Out 0.0018%$847.59 - $959.25 $ 1001.4511%0
Lee Ainslie 2012-09-30 Add 80.28%0.98%$728 - $872.55 $ 1001.4521%200717
Lee Ainslie 2012-06-30 New Buy1.4%$718.35 - $844.69 $ 1001.4528%111335
Mario Gabelli 2012-03-31 New Buy$671 - $755.08 $ 1001.4548%300
John Griffin 2011-12-31 Sold Out 0.61%$575.28 - $687.08 $ 1001.4556%0
Dodge & Cox 2011-12-31 New Buy0.13%$575.28 - $687.08 $ 1001.4556%131485
John Griffin 2011-09-30 Reduce -58.35%0.75%$577.28 - $758.36 $ 1001.4554%49250
George Soros 2011-06-30 Sold Out $704.42 - $773.31 $ 1001.4536%0
John Griffin 2011-03-31 Add 13.37%0.18%$684.64 - $804.32 $ 1001.4533%118250
George Soros 2011-03-31 Reduce -52.78%0.01%$684.64 - $804.32 $ 1001.4533%629
John Griffin 2010-09-30 Add 18.66%0.17%$604.16 - $677.38 $ 1001.4558%104300
George Soros 2010-09-30 Reduce -20.16%$604.16 - $677.38 $ 1001.4558%1370
John Griffin 2010-06-30 Add 16.73%0.14%$642.83 - $750.5 $ 1001.4545%87900
George Soros 2010-06-30 Add 128.8%0.02%$642.83 - $750.5 $ 1001.4545%1716
John Griffin 2010-03-31 New Buy0.89%$661.56 - $753 $ 1001.4540%75300
George Soros 2010-03-31 Add 25%$661.56 - $753 $ 1001.4540%750
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 26.30
NVR's P/E(ttm) is ranked higher than
71% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 24.72 vs. NVR: 26.30 )
NVR' s 10-Year P/E(ttm) Range
Min: 4.19   Max: 68.24
Current: 26.3
4.19
68.24
P/B 3.40
NVR's P/B is ranked lower than
81% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 1.22 vs. NVR: 3.40 )
NVR' s 10-Year P/B Range
Min: 1.29   Max: 11.51
Current: 3.4
1.29
11.51
P/S 1.53
NVR's P/S is ranked lower than
79% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 0.65 vs. NVR: 1.53 )
NVR' s 10-Year P/S Range
Min: 0.25   Max: 1.69
Current: 1.53
0.25
1.69
PFCF 61.30
NVR's PFCF is ranked lower than
61% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 10.98 vs. NVR: 61.30 )
NVR' s 10-Year PFCF Range
Min: 2.25   Max: 84.89
Current: 61.3
2.25
84.89
EV-to-EBIT 14.5
NVR's EV-to-EBIT is ranked higher than
99% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 17.56 vs. NVR: 14.5 )
NVR' s 10-Year EV-to-EBIT Range
Min: 2.6   Max: 23.1
Current: 14.5
2.6
23.1
PEG 3.8
NVR's PEG is ranked lower than
71% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 1.23 vs. NVR: 3.8 )
NVR' s 10-Year PEG Range
Min: 0.12   Max: 39.51
Current: 3.8
0.12
39.51
Shiller P/E 30.1
NVR's Shiller P/E is ranked higher than
82% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 24.05 vs. NVR: 30.1 )
NVR' s 10-Year Shiller P/E Range
Min: 4.97   Max: 32.43
Current: 30.1
4.97
32.43

Valuation & Return

vs
industry		 vs
history
Price/Net Cash 23
NVR's Price/Net Cash is ranked lower than
73% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 10.20 vs. NVR: 23 )
NVR' s 10-Year Price/Net Cash Range
Min: 5   Max: 21.8
Current: 23
5
21.8
Price/Net Current Asset Value 12.9
NVR's Price/Net Current Asset Value is ranked higher than
91% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 3.45 vs. NVR: 12.9 )
NVR' s 10-Year Price/Net Current Asset Value Range
Min: 9.7   Max: 26.2
Current: 12.9
9.7
26.2
Price/Tangible Book 3.5
NVR's Price/Tangible Book is ranked higher than
90% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 1.30 vs. NVR: 3.5 )
NVR' s 10-Year Price/Tangible Book Range
Min: 2   Max: 9.2
Current: 3.5
2
9.2
Price/DCF (Projected) 1.5
NVR's Price/DCF (Projected) is ranked higher than
87% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 1.10 vs. NVR: 1.5 )
NVR' s 10-Year Price/DCF (Projected) Range
Min: 0.4   Max: 1.3
Current: 1.5
0.4
1.3
Price/Median PS Value 1.5
NVR's Price/Median PS Value is ranked higher than
93% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 0.80 vs. NVR: 1.5 )
NVR' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 1.6
Current: 1.5
0.5
1.6
Price/Graham Number 2.1
NVR's Price/Graham Number is ranked higher than
88% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 1.10 vs. NVR: 2.1 )
NVR' s 10-Year Price/Graham Number Range
Min: 1.1   Max: 2
Current: 2.1
1.1
2
Earnings Yield (Greenblatt) 6.90
NVR's Earnings Yield (Greenblatt) is ranked lower than
72% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 4.00 vs. NVR: 6.90 )
NVR' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.3   Max: 38.4
Current: 6.9
4.3
38.4
Forward Rate of Return (Yacktman) 6.77
NVR's Forward Rate of Return (Yacktman) is ranked higher than
72% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 4.68 vs. NVR: 6.77 )
NVR' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -21   Max: 59.4
Current: 6.77
-21
59.4

Business Description

NVR, Inc. was formed in 1980 as NVHomes, Inc. The Company's main business is the construction and sale of single-family detached homes, townhomes and condominium buildings. To fully serve customers of its homebuilding operations, it also operates a mortgage banking and title services business. The Company mainly conducts its operations in mature markets. Additionally, it generally grows its business through market share gains in its existing markets and by expanding into markets contiguous to its current active markets. The Company's four homebuilding reportable segments consist of the following regions: Mid Atlantic; North East; Mid East and South East. The Company offers single-family detached homes, townhomes and condominium buildings with many different basic home designs. These home designs have a variety of elevations and numerous other options. It provides a number of mortgage related services to its homebuilding customers through its mortgage banking operations. The Company's mortgage banking operations also include separate subsidiaries that broker title insurance and perform title searches in connection with mortgage loan closings for which they receive commissions and fees. It is dependent upon building material suppliers for a continuous flow of raw materials. The Company's preferred marketing method is for customers to visit a furnished model home featuring many built-in options and a landscaped lot. The housing industry is highly competitive. It competes with numerous homebuilders of varying size, ranging from local to national in scope, some of which have greater financial resources than it do. It also faces competition from the home resale market. The Company and its subcontractors must comply with various federal, state and local zoning, building, environmental, advertising and consumer credit statutes, rules and regulations, as well as other regulations and requirements in connection with its construction and sales activities.
Company Website
SEC Reports
Industry: Residential Construction
Compare:MDC, TOL, DWAHY, DITFY, MTH
» More Articles for NVR

Headlines

Articles On GuruFocus.com
Greenlight Capital Shines Red Light on Five Companies May 16 2013 
Lee Ainslie of Maverick Capital’s His Top 5 Buys as Fund Gains 20% Aug 24 2012 
Weekly Top Insider Buys: COF, YHOO, FIS, ALB, NVR Jul 30 2012 
Stocks Above $500 Using the Do-It-All Screener Mar 19 2012 
A Look at Arnold Schneider's Large Homebuilder Positions as Positive Housing Market Data Emerges Dec 29 2011 
NVR Inc Reports Operating Results (10-K) Feb 25 2011 
NVR Inc (NVR) CEO Paul C Saville sells 4,100 Shares Feb 22 2011 
NVR Inc (NVR) CEO Paul C Saville sells 18,000 Shares Feb 17 2011 
NVR Inc (NVR) CEO Paul C Saville sells 5,000 Shares Feb 15 2011 
NVR Inc (NVR) CEO Paul C Saville sells 6,100 Shares Feb 11 2011 

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