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.

Hovnanian Enterprises, Inc. HOV Equity Method Investments

Discontinued — last reported Q4 '24

Equity Method Investments at other companies

KB HomeKBH

$57.17M-8.4%

PultegroupPHM

$168.14M-23.8%

LennarLEN

$114.4M-14.3%

Dream Finders HomesDFH

$20.26M+67.1%

M/I HomesMHO

$68.36M-3.4%

Meritage HomesMTH

$60.76M+94.2%

Segments

By geography

See full

Northeast$97.02M+21.8%

West$34.07M+437%

Southeast$29.77M-46.2%

By product

See full

Home Building$148.48M-19.1%

Other financials

Income statement

See full

Revenue$667.6M-2.7%

Net income-$284.0K-101%

EPS (diluted)-$0.46-119%

Balance sheet

See full

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

See full

Operating cash flow$140.9M+352%

CapEx$3.4M-46.9%

Free cash flow$132.1M+322%

Valuation

See full

Market cap$831.36M+50.5%

Enterprise value$1.77B+23.6%

P/E22.4×+19.8×

P/S0.3×+0.1×

Profitability

See full

Net margin1.3%-5.8pp

FCF margin12.2%+10.9pp

Returns & leverage

See full

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 official record: Hovnanian Enterprises, Inc.’s 10-K, filed December 18, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

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.