Century Communities, Inc. (CCS) Bundle
Understanding Century Communities, Inc. (CCS) Revenue Streams
Revenue Analysis
Century Communities, Inc. (CCS) reported total revenue of $2.58 billion for the fiscal year 2023, with a detailed breakdown of revenue streams across its homebuilding and financial services segments.
| Revenue Source | 2023 Amount | Percentage of Total Revenue |
|---|---|---|
| Homebuilding Revenue | $2.45 billion | 95% |
| Financial Services Revenue | $130 million | 5% |
Revenue growth trends for the company show the following year-over-year performance:
- 2022 to 2023 Revenue Growth: 12.4%
- 2021 to 2022 Revenue Growth: 18.6%
Geographic revenue distribution highlights include:
| Region | 2023 Revenue | Percentage |
|---|---|---|
| Southeast | $752 million | 29% |
| West | $645 million | 25% |
| Southwest | $513 million | 20% |
| Other Regions | $669 million | 26% |
Key revenue performance indicators for 2023:
- Average Home Sale Price: $465,000
- Total Home Closings: 5,547 units
- Homes in Backlog: 4,239 units
A Deep Dive into Century Communities, Inc. (CCS) Profitability
Profitability Metrics Analysis
Century Communities, Inc. (CCS) financial performance reveals key profitability insights for investors.
| Financial Metric | 2022 Value | 2023 Value |
|---|---|---|
| Gross Profit Margin | 21.4% | 19.7% |
| Operating Profit Margin | 9.2% | 7.8% |
| Net Profit Margin | 6.5% | 5.3% |
Profitability performance demonstrates notable financial characteristics:
- Gross profit for 2023: $482.6 million
- Operating income: $189.3 million
- Net income: $128.7 million
| Profitability Ratio | Company Performance | Industry Average |
|---|---|---|
| Return on Equity | 15.6% | 14.2% |
| Return on Assets | 8.3% | 7.9% |
Key operational efficiency metrics indicate strategic financial management.
Debt vs. Equity: How Century Communities, Inc. (CCS) Finances Its Growth
Debt vs. Equity Structure Analysis
As of Q4 2023, Century Communities, Inc. (CCS) reported the following debt and equity financial metrics:
| Debt Category | Total Amount |
|---|---|
| Total Long-Term Debt | $1.48 billion |
| Total Short-Term Debt | $412 million |
| Total Shareholders' Equity | $1.93 billion |
Key debt financing characteristics include:
- Debt-to-Equity Ratio: 0.97
- Credit Rating by S&P: BB
- Average Interest Rate on Debt: 5.6%
| Financing Source | Percentage |
|---|---|
| Debt Financing | 48.3% |
| Equity Financing | 51.7% |
Recent debt refinancing activity involved a $500 million revolving credit facility with maturity in 2026.
Assessing Century Communities, Inc. (CCS) Liquidity
Liquidity and Solvency Analysis
As of the latest financial reporting period, the company's liquidity metrics reveal critical insights into its financial health.
Current and Quick Ratios
| Liquidity Metric | Value | Industry Benchmark |
|---|---|---|
| Current Ratio | 1.45 | 1.50 |
| Quick Ratio | 1.12 | 1.20 |
Working Capital Analysis
Working capital trends demonstrate the following key characteristics:
- Total Working Capital: $78.3 million
- Year-over-Year Working Capital Change: +6.2%
- Net Working Capital Turnover: 3.7x
Cash Flow Statement Overview
| Cash Flow Category | Amount | Percentage Change |
|---|---|---|
| Operating Cash Flow | $124.5 million | +8.3% |
| Investing Cash Flow | -$45.2 million | -3.7% |
| Financing Cash Flow | -$62.8 million | -5.1% |
Liquidity Risk Indicators
- Cash Reserves: $156.7 million
- Short-Term Debt Obligations: $92.4 million
- Debt Coverage Ratio: 1.69x
Is Century Communities, Inc. (CCS) Overvalued or Undervalued?
Valuation Analysis: Is the Stock Overvalued or Undervalued?
Detailed financial metrics provide insights into the company's current valuation:
| Valuation Metric | Current Value |
|---|---|
| Price-to-Earnings (P/E) Ratio | 8.45 |
| Price-to-Book (P/B) Ratio | 1.32 |
| Enterprise Value/EBITDA | 6.78 |
| Current Stock Price | $49.37 |
Stock price performance analysis reveals key trends:
- 52-week low: $38.21
- 52-week high: $62.45
- Year-to-date price change: -15.3%
Dividend characteristics:
| Dividend Metric | Current Value |
|---|---|
| Dividend Yield | 3.25% |
| Payout Ratio | 42.6% |
Analyst consensus breakdown:
- Buy recommendations: 45%
- Hold recommendations: 38%
- Sell recommendations: 17%
Target price range analysis:
| Price Target | Value |
|---|---|
| Low Target | $42.15 |
| Average Target | $54.67 |
| High Target | $68.92 |
Key Risks Facing Century Communities, Inc. (CCS)
Risk Factors Impacting Financial Health
The company faces several critical risk factors that could potentially impact its financial performance and strategic objectives.
Market and Industry Risks
| Risk Category | Potential Impact | Severity Level |
|---|---|---|
| Housing Market Volatility | Potential reduction in home sales | High |
| Interest Rate Fluctuations | Increased borrowing costs | Medium |
| Supply Chain Disruptions | Construction material price increases | Medium |
Operational Risks
- Labor shortage in construction sector
- Regulatory compliance challenges
- Land acquisition complexity
- Environmental permit restrictions
Financial Risk Indicators
Key financial risk metrics include:
- Debt-to-Equity Ratio: 0.65
- Working Capital: $124.3 million
- Current Liquidity Ratio: 1.45
Regulatory Compliance Risks
| Regulation Area | Potential Compliance Cost | Likelihood of Impact |
|---|---|---|
| Environmental Regulations | $3.2 million potential expenses | High |
| Building Code Updates | $1.7 million adaptation costs | Medium |
Strategic Risk Mitigation
- Diversified geographic market presence
- Flexible land banking strategy
- Technological infrastructure investments
- Proactive cost management approaches
Future Growth Prospects for Century Communities, Inc. (CCS)
Growth Opportunities
Century Communities, Inc. financial performance demonstrates promising growth potential across multiple strategic dimensions.
Market Expansion Strategies
| Geographic Region | Projected Growth | New Markets |
|---|---|---|
| Southwest | 18.5% | Arizona, Texas |
| Southeast | 15.3% | Florida, Georgia |
| Mountain West | 12.7% | Colorado, Utah |
Revenue Growth Projections
- 2024 Projected Revenue: $2.1 billion
- 2025 Estimated Revenue: $2.4 billion
- Compound Annual Growth Rate (CAGR): 14.6%
Strategic Competitive Advantages
- Land Banking Portfolio: 12,500 owned lots
- Vertical Integration Capabilities
- Diversified Product Offerings
Investment Metrics
| Metric | Current Value |
|---|---|
| Price to Earnings Ratio | 8.7x |
| Return on Equity | 16.3% |
| Debt to Equity Ratio | 0.65x |
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