United Homes Group, Inc. (UHG) 10-Year Financial Performance & Capital Metrics

UHG • • Industrial / General

Consumer CyclicalHomebuildersTraditional Site-Built HomebuildersRegional & Market-Specific Builders

AboutUnited Homes Group, Inc., a land development and homebuilding company, designs, builds, and sells homes in South Carolina. It provides a series of single-family detached and attached homes for entry-level buyers, first-time move-ups, second-time move-ups, and third-time move-ups, as well as offers custom builds. The company was founded in 2004 and is based in Chapin, South Carolina.Show more

Revenue $464M +10.0%
EBITDA $6M -64.2%
Net Income $47M -62.5%
EPS (Diluted) 0.90 -61.7%
Gross Margin 17.42% -7.9%
EBITDA Margin 1.23% -67.5%
Operating Margin 1.11% -68.1%
Net Margin 10.12% -65.9%
ROE 262.89% -70.8%
ROIC 3.34% -64.3%
Debt/Equity 1.80
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 424.2%
✓Healthy 5Y average net margin of 16.1%
✓Trading at only 1.5x book value
✓Efficient asset utilization: 1.7x turnover

✗Weaknesses

✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 13.2% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y2.32%

TTM-6.2%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-9.08%

TTM7.9%

EPS CAGR

10Y-

5Y-

3Y-18.46%

TTM46.27%

ROCE

10Y Avg45.92%

5Y Avg45.92%

3Y Avg41.55%

Latest2.88%

Peer Comparison

Regional & Market-Specific Builders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BZHBeazer Homes USA, Inc.	711.14M	24.10	15.86	1.77%	2.84%	5.56%	0.49%	0.85
TOLToll Brothers, Inc.	14.16B	149.04	9.93	8.52%	12.64%	16.95%	6.61%	0.39
GRBKGreen Brick Partners, Inc.	3.23B	74.19	8.78	18.07%	16.03%	18.02%	0.67%	0.20
TMHCTaylor Morrison Home Corporation	6.27B	64.15	7.76	10.11%	10.19%	13.77%	2.77%	0.37
TPHTri Pointe Homes, Inc.	3.05B	35.50	7.35	20.93%	9.05%	11.12%	22.05%	0.33
MHOM/I Homes, Inc.	3.63B	139.00	7.05	11.83%	10.56%	15%	4.71%	0.26
HOVHovnanian Enterprises, Inc.	648.42M	125.47	3.95	9.03%	5.06%	19.02%	0.89%	1.27
UHGUnited Homes Group, Inc.	34.51M	1.58	1.76	10.02%	-4.49%	-35.51%	44.66%	1.80

Profit & Loss

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	327.25M	432.89M	477.05M	421.47M	463.71M
Revenue Growth %	-	0.32%	0.1%	-0.12%	0.1%
Cost of Goods Sold+	260.12M	345.05M	380.37M	341.75M	382.92M
COGS % of Revenue	0.79%	0.8%	0.8%	0.81%	0.83%
Gross Profit+	67.14M	87.84M	96.67M	79.73M	80.79M
Gross Margin %	0.21%	0.2%	0.2%	0.19%	0.17%
Gross Profit Growth %	-	0.31%	0.1%	-0.18%	0.01%
Operating Expenses+	29.89M	25.69M	27.55M	65.09M	75.66M
OpEx % of Revenue	0.09%	0.06%	0.06%	0.15%	0.16%
Selling, General & Admin	3.49M	4.42M	23.48M	65.09M	72.67M
SG&A % of Revenue	0.01%	0.01%	0.05%	0.15%	0.16%
Research & Development	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-
Other Operating Expenses	26.4M	21.26M	4.07M	0	2.99M
Operating Income+	37.25M	62.16M	69.12M	14.63M	5.13M
Operating Margin %	0.11%	0.14%	0.14%	0.03%	0.01%
Operating Income Growth %	-	0.67%	0.11%	-0.79%	-0.65%
EBITDA+	37.43M	62.51M	69.48M	15.96M	5.72M
EBITDA Margin %	0.11%	0.14%	0.15%	0.04%	0.01%
EBITDA Growth %	-	0.67%	0.11%	-0.77%	-0.64%
D&A (Non-Cash Add-back)	182.79K	358.59K	355.57K	1.33M	584.77K
EBIT	37.25M	62.16M	72.84M	14.63M	7.93M
Net Interest Income+	0	-428.35K	-4.11K	0	0
Interest Income	0	20.72K	0	0	0
Interest Expense	0	449.07K	4.11K	0	0
Other Income/Expense	1.73M	257.66K	367.78K	113.39M	32.06M
Pretax Income+	38.98M	62.41M	69.49M	128.02M	37.19M
Pretax Margin %	0.12%	0.14%	0.15%	0.3%	0.08%
Income Tax+	0	0	0	2.96M	-9.72M
Effective Tax Rate %	1%	1%	1%	0.98%	1.26%
Net Income+	38.98M	62.41M	69.49M	125.06M	46.91M
Net Margin %	0.12%	0.14%	0.15%	0.3%	0.1%
Net Income Growth %	-	0.6%	0.11%	0.8%	-0.62%
Net Income (Continuing)	38.98M	62.41M	69.49M	125.06M	46.91M
Discontinued Operations	0	0	0	0	0
Minority Interest	0	0	0	0	0
EPS (Diluted)+	1.04	1.66	1.81	2.35	0.90
EPS Growth %	-	0.6%	0.09%	0.3%	-0.62%
EPS (Basic)	1.04	1.66	1.86	2.74	0.96
Diluted Shares Outstanding	37.58M	37.58M	38.45M	55.77M	63.14M
Basic Shares Outstanding	37.58M	37.58M	38.39M	53.21M	52.12M
Dividend Payout Ratio	0.57%	0.54%	0.78%	0.14%	-

Balance Sheet

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	130.25M	196.56M	199.66M	274.86M	228.34M
Cash & Short-Term Investments	29.18M	51.5M	12.24M	56.67M	22.63M
Cash Only	29.18M	51.5M	12.24M	56.67M	22.63M
Short-Term Investments	0	0	0	0	0
Accounts Receivable	983.13K	2.09M	3.41M	2.36M	6.92M
Days Sales Outstanding	1.1	1.76	2.61	2.04	5.45
Inventory	95.65M	140.03M	180.2M	182.81M	147.72M
Days Inventory Outstanding	134.21	148.12	172.92	195.25	140.8
Other Current Assets	3.36M	0	0	0	2.92M
Total Non-Current Assets+	1.36M	5.7M	8.69M	23.79M	37.04M
Property, Plant & Equipment	1.23M	1.59M	2.39M	6.49M	3.54M
Fixed Asset Turnover	267.06x	272.20x	199.85x	64.99x	131.07x
Goodwill	0	0	0	5.71M	9.28M
Intangible Assets	0	0	0	0	0
Long-Term Investments	0	0	186.09K	1.43M	691.45K
Other Non-Current Assets	130.74K	4.11M	6.11M	7.76M	8.28M
Total Assets+	131.6M	202.26M	208.34M	298.65M	265.38M
Asset Turnover	2.49x	2.14x	2.29x	1.41x	1.75x
Asset Growth %	-	0.54%	0.03%	0.43%	-0.11%
Total Current Liabilities+	22.54M	135.7M	148.34M	125.36M	82.66M
Accounts Payable	18.8M	28.74M	22.08M	38.68M	17.8M
Days Payables Outstanding	26.39	30.4	21.18	41.31	16.97
Short-Term Debt	0	102.5M	120.8M	77.2M	50.2M
Deferred Revenue (Current)	0	0	0	0	0
Other Current Liabilities	963.2K	0	0	0	0
Current Ratio	5.78x	1.45x	1.35x	2.19x	2.76x
Quick Ratio	1.53x	0.42x	0.13x	0.73x	0.98x
Cash Conversion Cycle	108.92	119.48	154.35	155.98	129.28
Total Non-Current Liabilities+	74.89M	0	1M	204.47M	115.85M
Long-Term Debt	74.82M	0	0	71.29M	67.15M
Capital Lease Obligations	0	0	1M	5.57M	2.96M
Deferred Tax Liabilities	0	0	0	0	0
Other Non-Current Liabilities	74.31K	0	0	127.61M	45.74M
Total Liabilities	97.43M	135.7M	149.34M	329.83M	198.51M
Total Debt+	74.82M	102.5M	121.8M	154.06M	120.3M
Net Debt	45.64M	51M	109.56M	97.38M	97.68M
Debt / Equity	2.19x	1.54x	2.06x	-	1.80x
Debt / EBITDA	2.00x	1.64x	1.75x	9.65x	21.05x
Net Debt / EBITDA	1.22x	0.82x	1.58x	6.10x	17.09x
Interest Coverage	-	138.41x	16817.89x	-	-
Total Equity+	34.17M	66.56M	59M	-31.18M	66.87M
Equity Growth %	-	0.95%	-0.11%	-1.53%	3.14%
Book Value per Share	0.91	1.77	1.53	-0.56	1.06
Total Shareholders' Equity	34.17M	66.56M	59M	-31.18M	66.87M
Common Stock	54.7M	83.59M	3.73K	4.83K	5.86K
Retained Earnings	0	0	57.58M	-33.98M	12.92M
Treasury Stock	0	0	0	0	0
Accumulated OCI	-20.53M	0	0	0	0
Minority Interest	0	0	0	0	0

Cash Flow

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	71.78M	58.32M	34.62M	28.22M	15.44M
Operating CF Margin %	0.22%	0.13%	0.07%	0.07%	0.03%
Operating CF Growth %	-	-0.19%	-0.41%	-0.18%	-0.45%
Net Income	38.98M	62.41M	69.49M	125.06M	46.91M
Depreciation & Amortization	182.79K	358.59K	881K	1.33M	1.82M
Stock-Based Compensation	0	0	1.42M	7.02M	6.48M
Deferred Taxes	0	0	0	-2.62M	-12.84M
Other Non-Cash Items	423.04K	436.19K	274.03K	-114.13M	-39.47M
Working Capital Changes	32.2M	-4.89M	-37.45M	11.56M	12.55M
Change in Receivables	-563.11K	-1.18M	-1.33M	1.5M	-2.61M
Change in Inventory	29.29M	-12.73M	-26.67M	22.25M	45.57M
Change in Payables	3.87M	9.94M	-6.66M	11.67M	-21.15M
Cash from Investing+	-785.29K	-394.05K	-206.88K	-24.3M	-12.59M
Capital Expenditures	-805.29K	-404.24K	-171.69K	-162.33K	-31.75K
CapEx % of Revenue	0%	0%	0%	0%	0%
Acquisitions	-	-	-	-	-
Investments	-	-	-	-	-
Other Investing	20K	10.19K	13.81K	159.39K	188.4K
Cash from Financing+	-51.42M	-35.6M	-73.68M	40.51M	-33.98M
Debt Issued (Net)	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-
Dividends Paid	-22.33M	-33.52M	-54.18M	-17.9M	0
Share Repurchases	-	-	-	-	-
Other Financing	-18.92M	-376.52M	-37.82M	14.71M	3.84M
Net Change in Cash	-	-	-	-	-
Free Cash Flow+	70.98M	57.91M	34.45M	28.06M	15.41M
FCF Margin %	0.22%	0.13%	0.07%	0.07%	0.03%
FCF Growth %	-	-0.18%	-0.41%	-0.19%	-0.45%
FCF per Share	1.89	1.54	0.90	0.50	0.24
FCF Conversion (FCF/Net Income)	1.84x	0.93x	0.50x	0.23x	0.33x
Interest Paid	4.24M	3.2M	5M	15.68M	20.69M
Taxes Paid	0	0	0	5.15M	6.27M

Key Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	114.07%	123.93%	110.68%	899.02%	262.89%
Return on Invested Capital (ROIC)	-	47.24%	36.24%	9.35%	3.34%
Gross Margin	20.52%	20.29%	20.27%	18.92%	17.42%
Net Margin	11.91%	14.42%	14.57%	29.67%	10.12%
Debt / Equity	2.19x	1.54x	2.06x	-	1.80x
Interest Coverage	-	138.41x	16817.89x	-	-
FCF Conversion	1.84x	0.93x	0.50x	0.23x	0.33x
Revenue Growth	-	32.28%	10.2%	-11.65%	10.02%

Revenue by Segment

	2024
Other	18.51M
Other Growth	-

Frequently Asked Questions

Valuation & Price

United Homes Group, Inc. (UHG) has a price-to-earnings (P/E) ratio of 1.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

United Homes Group, Inc. (UHG) reported $418.1M in revenue for fiscal year 2024. This represents a 28% increase from $327.3M in 2020.

United Homes Group, Inc. (UHG) grew revenue by 10.0% over the past year. This is steady growth.

United Homes Group, Inc. (UHG) reported a net loss of $18.8M for fiscal year 2024.

Dividend & Returns

United Homes Group, Inc. (UHG) has a return on equity (ROE) of 262.9%. This is excellent, indicating efficient use of shareholder capital.

United Homes Group, Inc. (UHG) generated $5.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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