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Homebuilding
Alle Analysen in Homebuilding — 6 Analysen.
38/100
74Buffett
Cavco Industries: Q1 Revenue Was Flat Against the American Homestar Pro Forma While Comparable EPS Fell 22.5%, and $543.21 Sits 26–39% Above the $390–430 Conservative Value
Cavco Industries is a top-three U.S. factory-built-home producer that also owns 92 retail stores and a small financial-services segment providing mortgages, chattel lending and manufactured-home insurance; factory-built housing supplied $2.16 billion of FY2026's $2.24 billion revenue. Q1 FY2027 revenue grew 9.5% as reported to $610.0 million but was flat against the $610.3 million pro forma including American Homestar, comparable diluted EPS fell 22.5% from $7.01 to $5.43, and housing gross margin slid to 20.8% from 22.6% even as backlog rose more than 50% from March to $298 million. Rating Hold: $543.21 sits almost exactly in the $520–575 base-value range, but it stands roughly 26–39% above the $390–430 conservative value, so the margin of safety is zero and the ideal buy range is $310–345.
37/100
71Buffett
Toll Brothers Tiefgehende Aktienanalyse
Toll Brothers ist ein US-Luxushausbauer mit einem durchschnittlichen Auslieferungspreis von $1.009 Millionen im FY2026 Q2, fast doppelt so hoch wie der durchschnittliche Preis neuer Eigenheime in den Vereinigten Staaten. Die Auslieferungsprognose für FY2026 wurde auf 10,400-10,700 Häuser angehoben, die bereinigte Bruttomarge auf etwa 26%; das ausgewiesene KGV von 11.2x wirkt günstig, doch die Owner-Earnings-Rendite liegt nur bei etwa 7.3%, sodass die Sicherheitsmarge für einen reifen Zykliker nicht ausreicht. Research-Rating Halten: ein gutes Unternehmen zu einem fairen Preis, am besten erneut nahe der idealen Kaufzone von $110-120 prüfen.
39/100
89Buffett
NVR Deep Value Investment Research
NVR is a U.S. asset-light homebuilder that sells homes through regional brands such as Ryan Homes while supporting buyers with in-house mortgage services. Its ROIC is far above peers and its capital allocation discipline is strong, but the business remains cyclical, rate-sensitive, and currently priced with a meaningful premium at about $6,105 per share. Research rating Watch: a high-quality compounder worth tracking, with an ideal buy range of $4,500 to $5,300.
39/100
71Buffett
PulteGroup Value Investing Research Report
The third-largest U.S. homebuilder, meaningfully higher quality than industry peers, still a narrow-moat cyclical stock. At $118.01 it sits close to fair value with an inadequate margin of safety. Rating Watch: a well-run operator worth tracking, not yet a buy.
41/100
Lennar Corporation: A Deep Value Investing Analysis
The second-largest U.S. homebuilder, with a sturdy balance sheet but operating in a highly cyclical industry with a weak moat. At about $89.75 — roughly 1x book value — the stock is neither expensive nor cheap. Rated Watch.
41/100
81Buffett
D.R. Horton Deep-Dive Value Investing Research
One of the largest new-home builders in the U.S.; in fiscal 2025 homebuilding contributed 92% of revenue and DHI Mortgage financed 81% of mortgages. At $145.6 the stock trades at 13.7x PE and 1.76x PB, neither cheap nor down to the conservative value of $80-95. Rating Watch; ideal buy $90-110.