Intrinsic value of KB Home - KBH

Previous Close

$24.06

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$24.06

 
Intrinsic value premium content
 
Up/down potential premium content
 
Rating premium content
 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of KBH stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  18.57
  20.90
  19.31
  17.88
  16.59
  15.43
  14.39
  13.45
  12.60
  11.84
  11.16
  10.54
  9.99
  9.49
  9.04
  8.64
  8.27
  7.95
  7.65
  7.39
  7.15
  6.93
  6.74
  6.57
  6.41
  6.27
  6.14
  6.03
  5.92
  5.83
  5.75
Revenue, $m
  3,595
  4,346
  5,186
  6,113
  7,127
  8,227
  9,411
  10,676
  12,022
  13,446
  14,946
  16,522
  18,173
  19,898
  21,697
  23,571
  25,521
  27,549
  29,657
  31,847
  34,124
  36,490
  38,949
  41,506
  44,166
  46,935
  49,817
  52,820
  55,949
  59,213
  62,617
Variable operating expenses, $m
 
  4,138
  4,937
  5,819
  6,785
  7,832
  8,959
  10,164
  11,445
  12,800
  14,229
  15,729
  17,301
  18,943
  20,655
  22,439
  24,296
  26,227
  28,233
  30,319
  32,486
  34,738
  37,079
  39,514
  42,046
  44,682
  47,426
  50,285
  53,264
  56,370
  59,611
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  3,434
  4,138
  4,937
  5,819
  6,785
  7,832
  8,959
  10,164
  11,445
  12,800
  14,229
  15,729
  17,301
  18,943
  20,655
  22,439
  24,296
  26,227
  28,233
  30,319
  32,486
  34,738
  37,079
  39,514
  42,046
  44,682
  47,426
  50,285
  53,264
  56,370
  59,611
Operating income, $m
  160
  209
  249
  293
  342
  395
  452
  512
  577
  645
  717
  793
  872
  955
  1,041
  1,131
  1,225
  1,322
  1,424
  1,529
  1,638
  1,752
  1,870
  1,992
  2,120
  2,253
  2,391
  2,535
  2,686
  2,842
  3,006
EBITDA, $m
  164
  209
  249
  293
  342
  395
  452
  512
  577
  645
  717
  793
  872
  955
  1,041
  1,131
  1,225
  1,322
  1,424
  1,529
  1,638
  1,752
  1,870
  1,992
  2,120
  2,253
  2,391
  2,535
  2,686
  2,842
  3,006
Interest expense (income), $m
  1
  92
  117
  145
  176
  210
  246
  285
  327
  372
  419
  469
  522
  576
  634
  693
  755
  820
  887
  957
  1,030
  1,106
  1,184
  1,266
  1,351
  1,439
  1,531
  1,627
  1,726
  1,830
  1,938
Earnings before tax, $m
  149
  116
  132
  148
  166
  185
  206
  227
  250
  273
  298
  324
  351
  379
  408
  438
  470
  502
  536
  571
  608
  646
  685
  727
  769
  814
  860
  909
  959
  1,012
  1,067
Tax expense, $m
  43
  31
  36
  40
  45
  50
  55
  61
  67
  74
  80
  87
  95
  102
  110
  118
  127
  136
  145
  154
  164
  174
  185
  196
  208
  220
  232
  245
  259
  273
  288
Net income, $m
  106
  85
  96
  108
  121
  135
  150
  166
  182
  199
  218
  236
  256
  277
  298
  320
  343
  367
  391
  417
  444
  471
  500
  530
  562
  594
  628
  663
  700
  739
  779

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  592
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  5,132
  5,488
  6,548
  7,718
  8,999
  10,387
  11,882
  13,480
  15,179
  16,977
  18,872
  20,862
  22,946
  25,123
  27,395
  29,761
  32,223
  34,784
  37,445
  40,211
  43,086
  46,073
  49,178
  52,407
  55,766
  59,261
  62,901
  66,692
  70,643
  74,763
  79,061
Adjusted assets (=assets-cash), $m
  4,540
  5,488
  6,548
  7,718
  8,999
  10,387
  11,882
  13,480
  15,179
  16,977
  18,872
  20,862
  22,946
  25,123
  27,395
  29,761
  32,223
  34,784
  37,445
  40,211
  43,086
  46,073
  49,178
  52,407
  55,766
  59,261
  62,901
  66,692
  70,643
  74,763
  79,061
Revenue / Adjusted assets
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
  0.792
Average production assets, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Working capital, $m
  0
  -717
  -856
  -1,009
  -1,176
  -1,357
  -1,553
  -1,762
  -1,984
  -2,219
  -2,466
  -2,726
  -2,999
  -3,283
  -3,580
  -3,889
  -4,211
  -4,546
  -4,893
  -5,255
  -5,630
  -6,021
  -6,427
  -6,849
  -7,287
  -7,744
  -8,220
  -8,715
  -9,232
  -9,770
  -10,332
Total debt, $m
  2,642
  3,354
  4,150
  5,029
  5,991
  7,034
  8,156
  9,357
  10,633
  11,983
  13,406
  14,900
  16,465
  18,101
  19,807
  21,584
  23,433
  25,356
  27,355
  29,432
  31,590
  33,834
  36,166
  38,591
  41,113
  43,738
  46,472
  49,319
  52,286
  55,380
  58,608
Total liabilities, $m
  3,408
  4,121
  4,917
  5,796
  6,758
  7,801
  8,923
  10,124
  11,400
  12,750
  14,173
  15,667
  17,232
  18,868
  20,574
  22,351
  24,200
  26,123
  28,122
  30,199
  32,357
  34,601
  36,933
  39,358
  41,880
  44,505
  47,239
  50,086
  53,053
  56,147
  59,375
Total equity, $m
  1,723
  1,366
  1,630
  1,922
  2,241
  2,586
  2,959
  3,357
  3,780
  4,227
  4,699
  5,195
  5,713
  6,256
  6,821
  7,410
  8,024
  8,661
  9,324
  10,013
  10,728
  11,472
  12,245
  13,049
  13,886
  14,756
  15,662
  16,606
  17,590
  18,616
  19,686
Total liabilities and equity, $m
  5,131
  5,487
  6,547
  7,718
  8,999
  10,387
  11,882
  13,481
  15,180
  16,977
  18,872
  20,862
  22,945
  25,124
  27,395
  29,761
  32,224
  34,784
  37,446
  40,212
  43,085
  46,073
  49,178
  52,407
  55,766
  59,261
  62,901
  66,692
  70,643
  74,763
  79,061
Debt-to-equity ratio
  1.533
  2.450
  2.550
  2.620
  2.670
  2.720
  2.760
  2.790
  2.810
  2.830
  2.850
  2.870
  2.880
  2.890
  2.900
  2.910
  2.920
  2.930
  2.930
  2.940
  2.940
  2.950
  2.950
  2.960
  2.960
  2.960
  2.970
  2.970
  2.970
  2.970
  2.980
Adjusted equity ratio
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249
  0.249

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  106
  85
  96
  108
  121
  135
  150
  166
  182
  199
  218
  236
  256
  277
  298
  320
  343
  367
  391
  417
  444
  471
  500
  530
  562
  594
  628
  663
  700
  739
  779
Depreciation, amort., depletion, $m
  4
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Funds from operations, $m
  143
  85
  96
  108
  121
  135
  150
  166
  182
  199
  218
  236
  256
  277
  298
  320
  343
  367
  391
  417
  444
  471
  500
  530
  562
  594
  628
  663
  700
  739
  779
Change in working capital, $m
  -46
  -124
  -138
  -153
  -167
  -181
  -195
  -209
  -222
  -235
  -248
  -260
  -272
  -285
  -297
  -309
  -322
  -335
  -348
  -361
  -376
  -390
  -406
  -422
  -439
  -457
  -476
  -495
  -516
  -538
  -562
Cash from operations, $m
  189
  209
  234
  261
  289
  317
  345
  375
  404
  434
  465
  496
  528
  561
  595
  629
  665
  701
  739
  778
  819
  862
  906
  952
  1,001
  1,051
  1,104
  1,159
  1,217
  1,277
  1,341
Maintenance CAPEX, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
New CAPEX, $m
  -5
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from investing activities, $m
  -6
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Free cash flow, $m
  183
  209
  234
  261
  289
  317
  345
  375
  404
  434
  465
  496
  528
  561
  595
  629
  665
  701
  739
  778
  819
  862
  906
  952
  1,001
  1,051
  1,104
  1,159
  1,217
  1,277
  1,341
Issuance/(repayment) of debt, $m
  -68
  712
  796
  879
  962
  1,043
  1,122
  1,200
  1,276
  1,350
  1,423
  1,494
  1,565
  1,635
  1,706
  1,777
  1,849
  1,923
  1,999
  2,077
  2,159
  2,243
  2,332
  2,425
  2,523
  2,625
  2,733
  2,847
  2,967
  3,094
  3,228
Issuance/(repurchase) of shares, $m
  -83
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -141
  712
  796
  879
  962
  1,043
  1,122
  1,200
  1,276
  1,350
  1,423
  1,494
  1,565
  1,635
  1,706
  1,777
  1,849
  1,923
  1,999
  2,077
  2,159
  2,243
  2,332
  2,425
  2,523
  2,625
  2,733
  2,847
  2,967
  3,094
  3,228
Total cash flow (excl. dividends), $m
  42
  921
  1,030
  1,140
  1,250
  1,360
  1,468
  1,575
  1,680
  1,785
  1,888
  1,991
  2,093
  2,197
  2,301
  2,406
  2,514
  2,624
  2,738
  2,856
  2,978
  3,105
  3,238
  3,377
  3,523
  3,676
  3,837
  4,006
  4,184
  4,371
  4,569
Retained Cash Flow (-), $m
  -32
  -235
  -264
  -291
  -319
  -346
  -372
  -398
  -423
  -448
  -472
  -495
  -519
  -542
  -566
  -589
  -613
  -638
  -663
  -689
  -716
  -744
  -773
  -804
  -836
  -870
  -906
  -944
  -984
  -1,026
  -1,070
Prev. year cash balance distribution, $m
 
  592
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  1,278
  766
  849
  931
  1,014
  1,096
  1,177
  1,257
  1,337
  1,416
  1,495
  1,575
  1,654
  1,735
  1,817
  1,901
  1,987
  2,075
  2,167
  2,262
  2,361
  2,465
  2,573
  2,687
  2,806
  2,931
  3,062
  3,200
  3,346
  3,498
Discount rate, %
 
  8.50
  8.93
  9.37
  9.84
  10.33
  10.85
  11.39
  11.96
  12.56
  13.19
  13.85
  14.54
  15.26
  16.03
  16.83
  17.67
  18.55
  19.48
  20.46
  21.48
  22.55
  23.68
  24.86
  26.11
  27.41
  28.78
  30.22
  31.73
  33.32
  34.99
PV of cash for distribution, $m
 
  1,178
  646
  649
  640
  620
  591
  553
  509
  461
  410
  359
  309
  261
  216
  176
  141
  110
  84
  63
  46
  33
  23
  16
  10
  7
  4
  2
  1
  1
  0
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers. It has operations in California, Arizona, Nevada, Colorado, Texas, Florida, and North Carolina, The company was formerly known as Kaufman and Broad Home Corporation and changed its name to KB Home in January 2001. KB Home was founded in 1957 and is headquartered in Los Angeles, California.

FINANCIAL RATIOS  of  KB Home (KBH)

Valuation Ratios
P/E Ratio 21.4
Price to Sales 0.6
Price to Book 1.3
Price to Tangible Book
Price to Cash Flow 12
Price to Free Cash Flow 12.4
Growth Rates
Sales Growth Rate 18.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 0%
Cap. Spend. - 3 Yr. Gr. Rate 20.1%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 153.3%
Total Debt to Equity 153.3%
Interest Coverage 150
Management Effectiveness
Return On Assets 2.1%
Ret/ On Assets - 3 Yr. Avg. 10.1%
Return On Total Capital 2.4%
Ret/ On T. Cap. - 3 Yr. Avg. 10.4%
Return On Equity 6.2%
Return On Equity - 3 Yr. Avg. 32.5%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 15.4%
Gross Margin - 3 Yr. Avg. 16.3%
EBITDA Margin 4.3%
EBITDA Margin - 3 Yr. Avg. 4.6%
Operating Margin 4.5%
Oper. Margin - 3 Yr. Avg. 4.8%
Pre-Tax Margin 4.1%
Pre-Tax Margin - 3 Yr. Avg. 4.1%
Net Profit Margin 2.9%
Net Profit Margin - 3 Yr. Avg. 14.7%
Effective Tax Rate 28.9%
Eff/ Tax Rate - 3 Yr. Avg. -268.1%
Payout Ratio 8.5%

KBH stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the KBH stock intrinsic value calculation we used $3595 million for the last fiscal year's total revenue generated by KB Home. The default revenue input number comes from 2016 income statement of KB Home. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our KBH stock valuation model: a) initial revenue growth rate of 20.9% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 8.5%, whose default value for KBH is calculated based on our internal credit rating of KB Home, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of KB Home.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of KBH stock the variable cost ratio is equal to 95.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for KBH stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for KB Home.

Corporate tax rate of 27% is the nominal tax rate for KB Home. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the KBH stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for KBH are equal to 0%.

Life of production assets of 0 years is the average useful life of capital assets used in KB Home operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for KBH is equal to -16.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1723 million for KB Home - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 84.953 million for KB Home is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of KB Home at the current share price and the inputted number of shares is $2.0 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
HOV Hovnanian Ente 2.75 prem.  prem.
MDC M.D.C. Holding 36.73 prem.  prem.
LEN Lennar Cl A 52.86 prem.  prem.
LGIH LGI Homes 39.70 prem.  prem.
TOL Toll Brothers 39.60 prem.  prem.
CAA CalAtlantic Gr 35.42 prem.  prem.
NSM Nationstar Mor 17.94 prem.  prem.
NVR NVR 2,445.18 prem.  prem.

COMPANY NEWS

▶ Asian shares rally on Wall St rebound as confidence rises   [Jun-28-17 11:10PM  Associated Press]
▶ Nasdaq Composite Scores Its Best Day of 2017   [05:47PM  InvestorPlace]
▶ What Happened in the Stock Market Today   [04:59PM  Motley Fool]
▶ Story Stocks from Briefing.com   [11:19AM  Briefing.com]
▶ Stocks Rebound: These 2 Financials Break Out   [10:56AM  Investor's Business Daily]
▶ KB Home Rallies On Earnings; Peer MDC Breaks Out   [05:34AM  Investor's Business Daily]
▶ KB Home tops Street 2Q forecasts   [Jun-27-17 09:17PM  Associated Press]
▶ KB Home beats the Street   [04:09PM  CNBC Videos]
▶ KB Home Reports 2017 Second Quarter Results   [04:05PM  Business Wire]
▶ KB Home Rises Late On Better-Than-Expected Results   [10:51AM  Investor's Business Daily]
▶ How Much Farther Can KB Home (KBH) Stock REALLY Go?   [Jun-26-17 03:12PM  InvestorPlace]
▶ Why Home Builder Stocks Are Hot Now   [Jun-21-17 03:43PM  Zacks]
▶ Housing Industry Stock Outlook - June 2017   [Jun-15-17 05:43PM  Zacks]
▶ Breakout Watch: Top Homebuilder Stock Still Just With Buy Range   [Jun-14-17 04:40PM  Investor's Business Daily]
▶ "Fast Money" final trades   [May-23-17 05:59PM  CNBC Videos]
▶ 6 names that still work   [May-18-17 05:00PM  CNBC Videos]
▶ 5 Home Building Stocks to Buy Post Q1 Earnings   [May-15-17 08:58AM  Zacks]
▶ Two Homebuilders Pop On Earnings As Group Looks To Regroup   [May-09-17 04:33PM  Investor's Business Daily]
▶ KB Home Stock Trades Ex-Dividend Tuesday   [Apr-27-17 08:32AM  Investopedia]
▶ 10 Best Home Builders in California   [Apr-26-17 06:20PM  Insider Monkey]
▶ How to trade the tax cut: 6 buys   [05:00PM  CNBC Videos]
▶ Bull of the Day: KB Home (KBH)   [06:34AM  Zacks]
▶ KB Home Declares Second Quarter 2017 Dividend   [Apr-13-17 04:05PM  Business Wire]
▶ ETFs with exposure to KB Home : April 10, 2017   [Apr-10-17 01:49PM  Capital Cube]
Stock chart of KBH Financial statements of KBH Annual reports of KBH
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.