Hovnanian Enterprises Inc.Find Ratings Reports
HOVNANIAN ENTRPRS INC's gross profit margin for the first quarter of its fiscal year 2020 is essentially unchanged when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the subsector when comparing revenue growth, but not when comparing net income growth.
During the same period, stockholders' equity ("net worth") has decreased by 6.25% from the same quarter last year.
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|Income Statement||Q1 FY20||Q1 FY19|
|Net Sales ($mil)||494.06||380.59|
|Net Income ($mil)||-9.15||-17.45|
|Balance Sheet||Q1 FY20||Q1 FY19|
|Cash & Equiv. ($mil)||127.95||153.17|
|Total Assets ($mil)||1790.0||1623.72|
|Total Debt ($mil)||1914.55||1770.28|
|Profitability||Q1 FY20||Q1 FY19|
|Gross Profit Margin||17.49||17.66|
|Return on Assets||-1.88||1.1|
|Return on Equity||0.0||0.0|
|Debt||Q1 FY20||Q1 FY19|
|Share Data||Q1 FY20||Q1 FY19|
|Shares outstanding (mil)||6.13||5.94|
|Div / share||0.0||0.0|
|Book value / share||-81.52||-79.2|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||194055.0||253613.0|
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. Along with this, the price-to-book ratio is also meaningless due to a negative book value for the company, making any comparisons useless. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount.
|HOV NM||Peers 11.52||HOV NM||Peers 7.89|
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.
HOV's P/E is negative making this valuation measure meaningless.
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
HOV's P/CF is negative making the measure meaningless.
|HOV NA||Peers 11.63||HOV NA||Peers 2.14|
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential.
Ratio not available.
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
Ratio not available.
|HOV NM||Peers 1.88||HOV -349.77||Peers 11.95|
Neutral. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
HOV's P/B is negative making this valuation measure meaningless.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, HOV is expected to significantly trail its peers on the basis of its earnings growth rate.
|HOV 0.02||Peers 0.96||HOV 8.98||Peers 1.11|
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
HOV is trading at a significant discount to its subsector on this measurement.
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share.
HOV has a sales growth rate that significantly exceeds its peers.