Projected Income Statement: KB Home

Forecast Balance Sheet: KB Home

Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 1,394 1,510 963 1,094 1,464 1,413 1,522 1,528
Change - 8.32% -36.23% 13.6% 33.82% -3.51% 7.71% 0.39%
Announcement Date 12/01/22 11/01/23 10/01/24 13/01/25 18/12/25 - - -
1USD in Million
Estimates

Cash Flow Forecast: KB Home

Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 39.4 45.23 35.47 39.31 48.4 38.7 39.83 40
Change - 14.81% -21.59% 10.84% 23.12% -20.04% 2.93% 0.42%
Free Cash Flow (FCF) 1 -76.7 138.2 1,047 323.4 287.3 481.6 -161.8 -
Change - 280.17% 657.85% -69.12% -11.17% 67.62% -133.6% 100%
Announcement Date 12/01/22 11/01/23 10/01/24 13/01/25 18/12/25 - - -
1USD in Million
Estimates

Forecast Financial Ratios: KB Home

Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 14.97% 17.76% 14.05% 13.8% 10.85% 8.02% 9.33% 10.3%
EBIT Margin (%) 11.55% 15.03% 11.21% 11.02% 8.13% 4.4% 5.49% 5.04%
EBT Margin (%) 12.15% 15.53% 12.03% 12.28% 8.89% 5.21% 6.43% 8.31%
Net margin (%) 9.86% 11.83% 9.21% 9.45% 6.88% 3.9% 4.85% 6.59%
FCF margin (%) -1.34% 2% 16.34% 4.67% 4.61% 9.53% -2.93% -
FCF / Net Income (%) -13.58% 16.92% 177.44% 49.37% 67% 244.62% -60.44% -

Profitability

        
ROA 10.09% 17.2% 8.87% 9.64% 6.3% 2.87% 4.06% -
ROE 19.87% 24.45% 15.8% 16.64% 10.77% 5.33% 7.34% 10.13%

Financial Health

        
Leverage (Debt/EBITDA) 1.63x 1.23x 1.07x 1.14x 2.16x 3.49x 2.95x 2.54x
Debt / Free cash flow -18.18x 10.93x 0.92x 3.38x 5.1x 2.94x -9.41x -

Capital Intensity

        
CAPEX / Current Assets (%) 0.69% 0.66% 0.55% 0.57% 0.78% 0.77% 0.72% 0.69%
CAPEX / EBITDA (%) 4.6% 3.69% 3.94% 4.11% 7.15% 9.55% 7.73% 6.66%
CAPEX / FCF (%) -51.37% 32.73% 3.39% 12.16% 16.85% 8.04% -24.62% -

Items per share

        
Cash flow per share 1 -0.3985 2.053 12.99 4.713 4.847 8.582 3.398 -
Change - 615.14% 532.54% -63.7% 2.84% 77.05% -60.4% -
Dividend per Share 1 0.6 0.6 0.7 0.95 1 0.96 0.996 1.07
Change - 0% 16.67% 35.71% 5.26% -4% 3.75% 7.43%
Book Value Per Share 1 34.23 42 50.22 56.27 61.75 62.98 68.98 76.2
Change - 22.7% 19.57% 12.05% 9.74% 2% 9.53% 10.46%
EPS 1 6.01 9.09 7.03 8.45 6.15 3.215 4.62 6.948
Change - 51.25% -22.66% 20.2% -27.22% -47.73% 43.71% 50.4%
Nbr of stocks (in thousands) 87,478 85,584 79,319 73,334 64,765 62,648 62,648 62,648
Announcement Date 12/01/22 11/01/23 10/01/24 13/01/25 18/12/25 - - -
1USD
Estimates
2026 *2027 *
P/E Ratio 16.9x 11.8x
PBR 0.86x 0.79x
EV / Sales 0.95x 0.89x
Yield 1.77% 1.83%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
16
Last Close Price
54.31USD
Average target price
55.15USD
Spread / Average Target
+1.55%

Quarterly revenue - Rate of surprise

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