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Hovnanian Enterprises, Inc. HOV Equity Method Investments

Discontinued — last reported Q4 '24

Equity Method Investments at other companies

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$62.02M-8.1%
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$60.76M+94.2%

Segments

By geography

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Northeast$97.02M+21.8%
West$34.07M+437%
Southeast$29.77M-46.2%

By product

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Home Building$148.48M-19.1%

Other financials

Income statement

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Revenue$667.6M-2.7%
Net income-$284.0K-101%
EPS (diluted)-$0.46-119%

Balance sheet

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Cash & equivalents$8.8M-28.5%
Total debt$942.7M+6.2%
Total equity$824.9M+0.6%
Total assets$2.8B+10.8%

Cash flow

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Operating cash flow$140.9M+352%
CapEx$3.4M-46.9%
Free cash flow$132.1M+322%

Valuation

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Market cap$807.34M+3.6%
Enterprise value$1.74B+5.2%
P/E21.7×+16.8×
P/S0.3×0.0×

Profitability

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Net margin1.3%-5.8pp
FCF margin12.2%+10.9pp

Returns & leverage

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Return on equity4.5%-24.8pp
Debt / equity1.1×+0.1×

Where this comes from

Reported directly by Hovnanian Enterprises, Inc. in its filing.

Tagged under the XBRL concept us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures.

The source filing: Hovnanian Enterprises, Inc.’s 10-K, filed December 18, 2024.

Filed
Dec 18, 2024
Fiscal year
FY2024
Accession
0001753926-24-002117
(In thousands)October 31, 2024October 31, 2023
Investments in and advances to unconsolidated joint ventures:
Northeast$79,659$56,758
Southeast55,34435,262
West6,3484,503
Total homebuilding141,35196,523
Corporate and unallocated1,5591,363
Total investments in and advances to unconsolidated joint ventures$142,910$97,886

ITEM 7A

FAQ

What is Hovnanian Enterprises, Inc.'s equity method investments?
Hovnanian Enterprises, Inc. (HOV) reported equity method investments of $142.91M in Q3 2024.
What is the long-term trend for Hovnanian Enterprises, Inc.'s equity method investments?
Over 4 years (2020 to 2024), Hovnanian Enterprises, Inc.'s equity method investments has grown at a 8.5% compound annual growth rate (CAGR), from $103.16M to $142.91M.
What does equity method investments mean?
Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.

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