Отрасли
Homebuilding
Вся аналитика по отрасли Homebuilding — 5 материалов.
37/100
71Buffett
Углубленное исследование Toll Brothers
Toll Brothers - американский застройщик жилья премиального класса: в FY2026 Q2 средняя цена переданного покупателю дома составила $1.009 миллиона, почти вдвое выше средней цены нового дома в США. Прогноз поставок на FY2026 повышен до 10400-10700 домов, а скорректированной валовой маржи - примерно до 26%; заявленный P/E 11.2x выглядит невысоким, но доходность прибыли собственника составляет лишь около 7.3%, что дает недостаточный запас прочности для зрелого циклического бизнеса. Рейтинг: Держать - хорошая компания по справедливой цене, к которой лучше вернуться около идеальной зоны покупки $110-120.
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.