Intrinsic value of NVR - NVR

Previous Close

$2,910.00

  Intrinsic Value

$4,144

stock screener

  Rating & Target

buy

+42%

Previous close

$2,910.00

 
Intrinsic value

$4,144

 
Up/down potential

+42%

 
Rating

buy

We calculate the intrinsic value of NVR 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 2017), $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 11.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   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
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  8.20
  7.88
  7.59
  7.33
  7.10
  6.89
  6.70
  6.53
  6.38
  6.24
  6.12
  6.00
  5.90
  5.81
  5.73
  5.66
  5.59
  5.53
  5.48
  5.43
  5.39
  5.35
  5.32
  5.28
  5.26
  5.23
  5.21
  5.19
  5.17
  5.15
Revenue, $m
  6,682
  7,209
  7,756
  8,325
  8,916
  9,530
  10,169
  10,833
  11,524
  12,243
  12,992
  13,772
  14,585
  15,433
  16,317
  17,241
  18,205
  19,212
  20,265
  21,366
  22,518
  23,722
  24,983
  26,303
  27,686
  29,133
  30,650
  32,240
  33,906
  35,652
Variable operating expenses, $m
  4,294
  4,630
  4,980
  5,343
  5,720
  6,112
  6,520
  6,943
  7,384
  7,843
  8,292
  8,790
  9,308
  9,850
  10,414
  11,003
  11,619
  12,262
  12,934
  13,636
  14,371
  15,140
  15,945
  16,787
  17,670
  18,594
  19,562
  20,576
  21,640
  22,754
Fixed operating expenses, $m
  1,545
  1,579
  1,614
  1,650
  1,686
  1,723
  1,761
  1,800
  1,839
  1,880
  1,921
  1,963
  2,006
  2,051
  2,096
  2,142
  2,189
  2,237
  2,286
  2,337
  2,388
  2,440
  2,494
  2,549
  2,605
  2,662
  2,721
  2,781
  2,842
  2,905
Total operating expenses, $m
  5,839
  6,209
  6,594
  6,993
  7,406
  7,835
  8,281
  8,743
  9,223
  9,723
  10,213
  10,753
  11,314
  11,901
  12,510
  13,145
  13,808
  14,499
  15,220
  15,973
  16,759
  17,580
  18,439
  19,336
  20,275
  21,256
  22,283
  23,357
  24,482
  25,659
Operating income, $m
  843
  999
  1,163
  1,333
  1,510
  1,695
  1,889
  2,090
  2,300
  2,520
  2,779
  3,019
  3,270
  3,533
  3,808
  4,096
  4,397
  4,714
  5,045
  5,393
  5,758
  6,142
  6,544
  6,967
  7,411
  7,877
  8,368
  8,883
  9,424
  9,994
EBITDA, $m
  1,208
  1,391
  1,582
  1,781
  1,988
  2,204
  2,430
  2,665
  2,910
  3,165
  3,433
  3,712
  4,004
  4,309
  4,628
  4,963
  5,313
  5,680
  6,065
  6,468
  6,891
  7,335
  7,801
  8,290
  8,803
  9,343
  9,909
  10,504
  11,130
  11,787
Interest expense (income), $m
  21
  24
  24
  25
  26
  27
  27
  28
  29
  30
  31
  32
  34
  35
  36
  37
  39
  40
  41
  43
  45
  46
  48
  50
  52
  54
  56
  58
  60
  63
  65
Earnings before tax, $m
  818
  975
  1,138
  1,307
  1,484
  1,668
  1,860
  2,061
  2,270
  2,489
  2,747
  2,986
  3,235
  3,497
  3,770
  4,057
  4,357
  4,672
  5,002
  5,349
  5,712
  6,094
  6,494
  6,915
  7,357
  7,822
  8,310
  8,823
  9,362
  9,928
Tax expense, $m
  221
  263
  307
  353
  401
  450
  502
  556
  613
  672
  742
  806
  874
  944
  1,018
  1,095
  1,176
  1,261
  1,351
  1,444
  1,542
  1,645
  1,753
  1,867
  1,986
  2,112
  2,244
  2,382
  2,528
  2,681
Net income, $m
  597
  712
  831
  954
  1,083
  1,218
  1,358
  1,504
  1,657
  1,817
  2,005
  2,179
  2,362
  2,553
  2,752
  2,962
  3,181
  3,411
  3,652
  3,905
  4,170
  4,448
  4,741
  5,048
  5,371
  5,710
  6,066
  6,440
  6,834
  7,248

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $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 assets, $m
  162
  175
  188
  202
  217
  232
  247
  263
  280
  297
  316
  335
  354
  375
  396
  419
  442
  467
  492
  519
  547
  576
  607
  639
  673
  708
  745
  783
  824
  866
Adjusted assets (=assets-cash), $m
  162
  175
  188
  202
  217
  232
  247
  263
  280
  297
  316
  335
  354
  375
  396
  419
  442
  467
  492
  519
  547
  576
  607
  639
  673
  708
  745
  783
  824
  866
Revenue / Adjusted assets
  41.247
  41.194
  41.255
  41.213
  41.088
  41.078
  41.170
  41.190
  41.157
  41.222
  41.114
  41.110
  41.201
  41.155
  41.205
  41.148
  41.188
  41.139
  41.189
  41.168
  41.166
  41.184
  41.158
  41.163
  41.138
  41.148
  41.141
  41.175
  41.148
  41.169
Average production assets, $m
  3,361
  3,626
  3,901
  4,188
  4,485
  4,794
  5,115
  5,449
  5,797
  6,158
  6,535
  6,927
  7,336
  7,763
  8,208
  8,672
  9,157
  9,664
  10,193
  10,747
  11,326
  11,932
  12,567
  13,231
  13,926
  14,654
  15,417
  16,217
  17,055
  17,933
Working capital, $m
  -1,443
  -1,557
  -1,675
  -1,798
  -1,926
  -2,059
  -2,197
  -2,340
  -2,489
  -2,644
  -2,806
  -2,975
  -3,150
  -3,333
  -3,525
  -3,724
  -3,932
  -4,150
  -4,377
  -4,615
  -4,864
  -5,124
  -5,396
  -5,682
  -5,980
  -6,293
  -6,620
  -6,964
  -7,324
  -7,701
Total debt, $m
  349
  360
  372
  384
  397
  411
  425
  439
  454
  470
  487
  504
  521
  540
  559
  579
  601
  623
  646
  670
  695
  721
  749
  778
  808
  839
  873
  907
  944
  982
Total liabilities, $m
  146
  158
  170
  182
  195
  208
  222
  237
  252
  268
  284
  301
  319
  337
  357
  377
  398
  420
  443
  467
  492
  519
  546
  575
  605
  637
  670
  705
  741
  780
Total equity, $m
  16
  18
  19
  20
  22
  23
  25
  26
  28
  30
  32
  33
  35
  37
  40
  42
  44
  47
  49
  52
  55
  58
  61
  64
  67
  71
  74
  78
  82
  87
Total liabilities and equity, $m
  162
  176
  189
  202
  217
  231
  247
  263
  280
  298
  316
  334
  354
  374
  397
  419
  442
  467
  492
  519
  547
  577
  607
  639
  672
  708
  744
  783
  823
  867
Debt-to-equity ratio
  21.470
  20.560
  19.740
  19.010
  18.350
  17.740
  17.190
  16.690
  16.230
  15.810
  15.410
  15.050
  14.710
  14.400
  14.110
  13.830
  13.580
  13.340
  13.110
  12.900
  12.700
  12.510
  12.340
  12.170
  12.010
  11.860
  11.720
  11.580
  11.460
  11.340
Adjusted equity ratio
  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
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  597
  712
  831
  954
  1,083
  1,218
  1,358
  1,504
  1,657
  1,817
  2,005
  2,179
  2,362
  2,553
  2,752
  2,962
  3,181
  3,411
  3,652
  3,905
  4,170
  4,448
  4,741
  5,048
  5,371
  5,710
  6,066
  6,440
  6,834
  7,248
Depreciation, amort., depletion, $m
  366
  392
  420
  448
  478
  509
  541
  574
  609
  645
  653
  693
  734
  776
  821
  867
  916
  966
  1,019
  1,075
  1,133
  1,193
  1,257
  1,323
  1,393
  1,465
  1,542
  1,622
  1,705
  1,793
Funds from operations, $m
  963
  1,104
  1,250
  1,402
  1,561
  1,727
  1,899
  2,079
  2,266
  2,462
  2,659
  2,872
  3,095
  3,329
  3,573
  3,829
  4,097
  4,377
  4,671
  4,979
  5,303
  5,642
  5,998
  6,371
  6,763
  7,175
  7,608
  8,062
  8,540
  9,041
Change in working capital, $m
  -109
  -114
  -118
  -123
  -128
  -133
  -138
  -143
  -149
  -155
  -162
  -168
  -176
  -183
  -191
  -199
  -208
  -218
  -227
  -238
  -249
  -260
  -272
  -285
  -299
  -313
  -328
  -343
  -360
  -377
Cash from operations, $m
  1,072
  1,218
  1,368
  1,525
  1,689
  1,859
  2,037
  2,222
  2,416
  2,617
  2,820
  3,041
  3,271
  3,512
  3,764
  4,028
  4,305
  4,595
  4,898
  5,217
  5,551
  5,902
  6,270
  6,656
  7,062
  7,488
  7,935
  8,405
  8,899
  9,418
Maintenance CAPEX, $m
  -311
  -336
  -363
  -390
  -419
  -448
  -479
  -512
  -545
  -580
  -616
  -653
  -693
  -734
  -776
  -821
  -867
  -916
  -966
  -1,019
  -1,075
  -1,133
  -1,193
  -1,257
  -1,323
  -1,393
  -1,465
  -1,542
  -1,622
  -1,705
New CAPEX, $m
  -255
  -265
  -275
  -286
  -297
  -309
  -321
  -334
  -348
  -362
  -377
  -392
  -409
  -426
  -445
  -464
  -485
  -507
  -530
  -554
  -579
  -606
  -634
  -664
  -695
  -728
  -763
  -800
  -838
  -878
Cash from investing activities, $m
  -566
  -601
  -638
  -676
  -716
  -757
  -800
  -846
  -893
  -942
  -993
  -1,045
  -1,102
  -1,160
  -1,221
  -1,285
  -1,352
  -1,423
  -1,496
  -1,573
  -1,654
  -1,739
  -1,827
  -1,921
  -2,018
  -2,121
  -2,228
  -2,342
  -2,460
  -2,583
Free cash flow, $m
  506
  617
  730
  849
  973
  1,102
  1,236
  1,377
  1,523
  1,676
  1,828
  1,995
  2,169
  2,352
  2,543
  2,743
  2,953
  3,172
  3,402
  3,644
  3,897
  4,163
  4,442
  4,736
  5,044
  5,367
  5,707
  6,064
  6,440
  6,834
Issuance/(repayment) of debt, $m
  -4
  12
  12
  12
  13
  13
  14
  15
  15
  16
  16
  17
  18
  19
  19
  20
  21
  22
  23
  24
  25
  26
  28
  29
  30
  32
  33
  35
  36
  38
Issuance/(repurchase) of shares, $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 from financing (excl. dividends), $m  
  -4
  12
  12
  12
  13
  13
  14
  15
  15
  16
  16
  17
  18
  19
  19
  20
  21
  22
  23
  24
  25
  26
  28
  29
  30
  32
  33
  35
  36
  38
Total cash flow (excl. dividends), $m
  503
  628
  742
  862
  986
  1,115
  1,250
  1,391
  1,538
  1,692
  1,844
  2,012
  2,187
  2,370
  2,562
  2,763
  2,974
  3,194
  3,426
  3,668
  3,923
  4,190
  4,470
  4,765
  5,074
  5,399
  5,740
  6,099
  6,476
  6,873
Retained Cash Flow (-), $m
  -16
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -4
Prev. year cash balance distribution, $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 flow adjustment, $m
  43
  47
  50
  54
  58
  62
  67
  71
  76
  81
  86
  91
  96
  102
  108
  114
  121
  127
  134
  142
  150
  158
  166
  175
  184
  194
  204
  215
  226
  237
Cash available for distribution, $m
  486
  627
  741
  860
  984
  1,114
  1,249
  1,390
  1,537
  1,690
  1,842
  2,010
  2,185
  2,368
  2,560
  2,761
  2,971
  3,192
  3,423
  3,665
  3,920
  4,187
  4,467
  4,761
  5,070
  5,395
  5,736
  6,095
  6,472
  6,868
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  466
  574
  645
  708
  763
  808
  844
  869
  883
  886
  875
  858
  831
  795
  752
  702
  647
  588
  527
  466
  405
  347
  293
  243
  197
  157
  123
  94
  71
  52
Current shareholders' claim on cash, %
  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

NVR, Inc. is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company's segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (D.C.). Its Homebuilding North East segment operates in various geographic regions, which include New Jersey and Eastern Pennsylvania. Its Homebuilding Mid East segment operates in various geographic regions, which include New York, Ohio, Indiana and Illinois, The Homebuilding South East segment operates in various geographic regions, which include North Carolina, South Carolina, Florida and Tennessee. The Mortgage Banking segment provides mortgage-related services to home building customers through its mortgage banking operations.

FINANCIAL RATIOS  of  NVR (NVR)

Valuation Ratios
P/E Ratio 25.3
Price to Sales 1.8
Price to Book 8.2
Price to Tangible Book
Price to Cash Flow 28
Price to Free Cash Flow 29.7
Growth Rates
Sales Growth Rate 12.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 22.2%
Cap. Spend. - 3 Yr. Gr. Rate 3%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 45.7%
Total Debt to Equity 45.7%
Interest Coverage 33
Management Effectiveness
Return On Assets 17%
Ret/ On Assets - 3 Yr. Avg. 15.2%
Return On Total Capital 22.8%
Ret/ On T. Cap. - 3 Yr. Avg. 20%
Return On Equity 33.4%
Return On Equity - 3 Yr. Avg. 29.8%
Asset Turnover 2.3
Profitability Ratios
Gross Margin 19.3%
Gross Margin - 3 Yr. Avg. 19.8%
EBITDA Margin 12.1%
EBITDA Margin - 3 Yr. Avg. 11.9%
Operating Margin 11.7%
Oper. Margin - 3 Yr. Avg. 11.5%
Pre-Tax Margin 11.3%
Pre-Tax Margin - 3 Yr. Avg. 11.1%
Net Profit Margin 7.3%
Net Profit Margin - 3 Yr. Avg. 7%
Effective Tax Rate 35.8%
Eff/ Tax Rate - 3 Yr. Avg. 36.7%
Payout Ratio 0%

NVR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the NVR stock intrinsic value calculation we used $6176 million for the last fiscal year's total revenue generated by NVR. The default revenue input number comes from 2017 income statement of NVR. 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 NVR stock valuation model: a) initial revenue growth rate of 8.2% 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 4.3%, whose default value for NVR is calculated based on our internal credit rating of NVR, 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 NVR.
    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 NVR stock the variable cost ratio is equal to 64.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1512 million in the base year in the intrinsic value calculation for NVR 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 6.9% for NVR.

Corporate tax rate of 27% is the nominal tax rate for NVR. 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 NVR stock is equal to 0.7%.

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 NVR are equal to 50.3%.

Life of production assets of 10 years is the average useful life of capital assets used in NVR 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 NVR is equal to -21.6%. 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 - $0 million for NVR - 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 4 million for NVR 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 NVR at the current share price and the inputted number of shares is $11.6 billion.

RELATED COMPANIES Price Int.Val. Rating
HOV Hovnanian Ente 1.67 21.54  str.buy
MDC M.D.C. Holding 31.84 70.36  str.buy
HF HFF Cl A 36.19 78.78  str.buy
LGIH LGI Homes 59.91 1,110.29  str.buy
CHCI Comstock Holdi 2.60 82.35  str.buy
TOL Toll Brothers 37.34 91.56  str.buy

COMPANY NEWS

▶ NVR (NVR) Q2 Earnings Top Estimates   [Jul-20-18 11:05AM  Zacks]
▶ NVR: 2Q Earnings Snapshot   [09:08AM  Associated Press]
▶ More residential projects proposed on fringes of Mecklenburg County   [Jul-16-18 02:54PM  American City Business Journals]
▶ The 2 Best Homebuilder Stocks to Buy   [Jun-30-18 04:47PM  Motley Fool]
▶ Homebuilding Stock NVR Has More Room to Run   [Jun-21-18 01:25PM  InvestorPlace]
▶ This Fortune 500 founder has unloaded tens of millions in stock   [May-30-18 05:00AM  American City Business Journals]
▶ Three Homebuilders for Your Watchlist   [May-05-18 01:58PM  Motley Fool]
▶ NVR: 1Q Earnings Snapshot   [Apr-19-18 09:15AM  Associated Press]
▶ NVR, Inc. Announces First Quarter Results   [09:00AM  PR Newswire]
▶ Will NVR Incs (NYSE:NVR) Earnings Grow In The Next 12 Months?   [Mar-09-18 03:46PM  Simply Wall St.]
▶ Direxion Launches Leveraged Mid-Cap ETF   [Mar-06-18 05:18PM  Zacks]
▶ Why Housing Stocks Won't Crash Like 2007   [02:00PM  Investopedia]
▶ 5 Top Efficient Stocks to Add to Your Portfolio   [Feb-22-18 09:20AM  Zacks]
▶ NVR, Inc. Announces Share Repurchase   [02:00PM  PR Newswire]
▶ NVR misses 4Q profit forecasts   [09:35AM  Associated Press]
▶ 5 Top Efficient Stocks to Buy for Striking Returns   [Jan-22-18 11:10AM  InvestorPlace]
▶ 5 Stocks to Fall Back On Amid Lurking Government Shutdown   [Jan-17-18 11:25AM  InvestorPlace]
▶ 5 Best Efficient Stocks to Buy in 2018   [Jan-04-18 09:57AM  Zacks]
▶ 12 Largest Construction Companies in US in 2017   [Dec-13-17 10:41AM  Insider Monkey]
▶ ETFs with exposure to NVR, Inc. : December 11, 2017   [Dec-11-17 02:04PM  Capital Cube]
▶ ETFs with exposure to NVR, Inc. : November 29, 2017   [Nov-29-17 12:01PM  Capital Cube]
▶ 5 of the Most Efficient Stocks to Buy Now   [Nov-15-17 08:23AM  Zacks]
▶ ETFs with exposure to NVR, Inc. : November 13, 2017   [Nov-13-17 12:56PM  Capital Cube]
▶ ETFs with exposure to NVR, Inc. : November 2, 2017   [Nov-02-17 12:25PM  Capital Cube]
▶ 5 of the Best Earnings Growth Stocks to Buy Now   [Oct-25-17 09:04AM  Zacks]
▶ NVR beats 3Q profit forecasts   [09:13AM  Associated Press]
▶ NVR, Inc. Announces Third Quarter Results   [09:00AM  PR Newswire]
▶ 3 Top Housing Stocks   [Oct-18-17 01:16PM  Motley Fool]
▶ Can You Avoid These 5 Common Mistakes In Short Selling?   [Sep-29-17 03:03PM  Investor's Business Daily]
▶ 3 Stocks to Hold for the Next 50 Years   [Sep-26-17 03:32PM  Motley Fool]
▶ Housing Stocks Fall as Fed Leaves Rates Unchanged   [Sep-20-17 02:16PM  TheStreet.com]
▶ Top Homebuilder Stock Builds Base Ahead Of Earnings   [Sep-13-17 11:13AM  Investor's Business Daily]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

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

Copyright © X-FIN.com 2005-2018. All rigths reserved.