Financial Snapshot

Revenue
$445.7M
TTM
Gross Margin
17.81%
TTM
Net Earnings
-$20.40M
TTM
Current Assets
$216.2M
Q3 2024
Current Liabilities
$35.26M
Q3 2024
Current Ratio
613.31%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$19.79M
Q3 2024
Cash
Q3 2024
P/E
-14.69
Nov 29, 2024 EST
Free Cash Flow
-$29.36M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $421.5M $477.0M $0.00 $0.00 $272.2M
YoY Change -11.64% -100.0%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $421.5M $477.0M $0.00 $0.00 $272.2M
Cost Of Revenue $341.7M $358.2M $332.3M $260.1M $217.1M
Gross Profit $79.73M $118.8M $100.6M $67.10M $55.10M
Gross Profit Margin 18.92% 24.91% 20.24%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $65.09M $49.30M $1.231M $0.00 $26.70M
YoY Change 32.04% 3905.17% -100.0%
% of Gross Profit 81.65% 41.5% 1.22% 0.0% 48.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $199.4K $360.0K $360.0K $180.0K $80.00K
YoY Change -44.61% 0.0% 100.0% 125.0%
% of Gross Profit 0.25% 0.3% 0.36% 0.27% 0.15%
Operating Expenses $65.09M $49.70M $1.231M $0.00 $26.80M
YoY Change 30.97% 3937.66% -100.0%
Operating Profit $14.63M -$4.524M -$1.231M $67.10M $28.30M
YoY Change -423.41% 267.54% -101.83% 137.1%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $112.1M $500.0K -$428.4K $400.0K $400.0K
YoY Change 22317.61% -216.73% -207.09% 0.0%
% of Operating Profit 766.09% 0.6% 1.41%
Other Income/Expense, Net -$3.763M -$200.0K $4.368M $3.000M -$500.0K
YoY Change 1781.31% -104.58% 45.58% -700.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income $128.0M $8.057M $2.708M $0.00 $28.30M
YoY Change 1488.95% 197.49% -100.0%
Income Tax $2.957M $983.4K $0.00
% Of Pretax Income 2.31% 12.21%
Net Earnings $125.1M $7.073M $2.708M $0.00 $28.30M
YoY Change 1668.06% 161.18% -100.0%
Net Earnings / Revenue 29.67% 1.48% 10.4%
Basic Earnings Per Share $2.74 $1.86
Diluted Earnings Per Share $2.35 $1.46 $0.07 $0.00 $0.59

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $56.67M $12.20M $252.6K $20.00K
YoY Change 364.52% 4729.77% 1163.0%
Cash & Equivalents $56.67M $12.20M $51.50M $29.20M
Short-Term Investments
Other Short-Term Assets $7.675M $3.000M $240.1K $1.200M
YoY Change 155.83% 1149.58% -79.99%
Inventory $182.8M $180.2M $140.0M $95.60M
Prepaid Expenses
Receivables $1.750M $2.600M $3.400M $1.000M
Other Receivables $698.2K $1.400M $0.00 $0.00
Total Short-Term Assets $249.6M $199.4M $492.7K $20.00K
YoY Change 25.18% 40372.52% 2363.4%
Property, Plant & Equipment $6.485M $2.400M $1.600M $1.200M
YoY Change 170.21% 50.0% 33.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.430M $200.0K $345.0M
YoY Change 615.09% -99.94%
Other Assets $2.405M $0.00 $280.0K
YoY Change -100.0%
Total Long-Term Assets $49.04M $8.900M $345.0M $270.0K
YoY Change 451.05% -97.42% 127685.45%
Total Assets $298.6M $208.3M $345.5M $290.0K
YoY Change
Accounts Payable $38.68M $22.10M $54.39K $0.00
YoY Change 75.03% 40532.47%
Accrued Expenses $13.92M $6.200M $234.7K $140.0K
YoY Change 124.5% 2542.23% 67.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $130.0K
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $53.73M $28.30M $289.0K $270.0K
YoY Change 89.85% 9691.03% 7.05%
Long-Term Debt $148.5M $120.8M $0.00 $0.00
YoY Change 22.92%
Other Long-Term Liabilities $127.6M $300.0K $20.87M $100.0K
YoY Change 42436.98% -98.56% 20769.33%
Total Long-Term Liabilities $276.1M $121.1M $20.87M $0.00
YoY Change 127.99% 480.28%
Total Liabilities $329.8M $149.3M $21.16M $270.0K
YoY Change 120.92% 605.63% 7736.43%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 45.64M shares 37.35M shares
Diluted Shares Outstanding 55.77M shares 38.45M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $299.65 Million

About United Homes Group, Inc.

United Homes Group, Inc. engages in the designing, building, and selling of homes principally in South Carolina, with a smaller presence in Georgia. The company is headquartered in Chapin, South Carolina and currently employs 196 full-time employees. The company went IPO on 2021-01-26. The firm designs, builds and sells homes in high growth markets, including South Carolina, North Carolina, and Georgia. The company has 63 active communities. UHG principally builds detached single-family houses, and, to a lesser extent, attached single-family houses, including duplex houses and town houses. The firm operates through two segments: South Carolina and Other. South Carolina segment consists primarily of the Company’s homebuilding operations in South Carolina and a small amount of operations in Georgia. Other segment consists of homebuilding operations in Raleigh, NC, as well as the Company’s mortgage banking joint venture. The company leases local offices in Myrtle Beach, South Carolina, Mauldin, South Carolina and Raleigh, North Carolina. The firm has delivered approximately 14,000 homes.

Industry: Operative Builders Peers: BEAZER HOMES USA INC Dream Finders Homes, Inc. Harbor Custom Development, Inc. HORTON D R INC /DE/ HOVNANIAN ENTERPRISES INC Landsea Homes Corp Legacy Housing Corp NOBILITY HOMES INC VANJIA CORP