Nobility Homes (NOBH) AI Stock Analysis

• Market Cap: $99.87M
• Dividend Yield: 4.1%
• Average Volume (3M): 750.00
• Price to Earnings (P/E): 12.4
• Beta (1Y): -0.25
• Revenue Growth: -7.23%
• EPS Growth: -7.97%
• Country: US
• Employees: 144
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Residential Construction
• EPS (TTM): 0.56
• Shares Outstanding: 3,268,998
• 10 Day Avg. Volume: 224
• 30 Day Avg. Volume: 750
• PEG Ratio: -0.60
• Price to Book (P/B): 1.79
• Price to Sales (P/S): 1.95
• P/FCF Ratio: 14.76
• Enterprise Value/Market Cap: 0.61
• Enterprise Value/Revenue: 1.21
• Enterprise Value/Gross Profit: 3.75
• Enterprise Value/Ebitda: 6.52
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 72 Outperform
• Price Target: ―

Nobility Homes receives a solid score due to its strong financial performance, characterized by no debt and healthy margins, despite slight revenue and cash flow declines. Attractive valuation metrics, including a low P/E ratio and a strong dividend yield, further support the stock's appeal. Technical indicators suggest a stable outlook with potential for upward momentum.

Nobility Homes Business Overview & Revenue Model

Company Description

Nobility Homes, Inc. designs, manufactures, and sells various manufactured and modular homes in Florida. The company markets its homes under the Kingswood, Richwood, Tropic Isle, Regency Manor, and Tropic Manor trade names. It sells its manufactured homes through a network of its own retail sales centers; and on a wholesale basis to independent manufactured home retail dealers and manufactured home communities. In addition, the company offers retail insurance services, which involve placing various types of insurance, such as property and casualty, automobile, and extended home warranty coverage with insurance underwriters on behalf of its customers in connection with their purchase and financing of manufactured homes, as well as operates as a licensed mortgage loan originator. As of November 6, 2021, it operated 10 retail sales centers in Ocala, Chiefland, Auburndale, Inverness, Hudson, Tavares, Yulee, Panama City, and Punta Gorda. The company was incorporated in 1967 and is headquartered in Ocala, Florida.

How the Company Makes Money

Nobility Homes generates revenue primarily through the manufacturing and sale of their manufactured and modular homes. The company's production processes are designed to efficiently create high-quality homes that meet stringent building standards and customer expectations. Sales are driven through a network of retail centers and independent dealers, allowing Nobility Homes to reach a broad customer base. Additionally, they may offer financing options to buyers, which can provide an additional revenue stream. The company benefits from strategic partnerships with suppliers to maintain cost-effectiveness in their production processes, as well as relationships with financial institutions to facilitate customer purchases. Key factors contributing to Nobility Homes' earnings include the overall demand for affordable housing, economic conditions in the regions they serve, and their ability to innovate and adapt to market trends.

Nobility Homes Financial Statement Overview

Summary

Nobility Homes demonstrates solid profitability and financial stability with a strong balance sheet, supported by no debt. While revenue and cash flow have seen slight declines, the company maintains healthy margins and shareholder returns. Continued focus on revenue growth and cash flow improvement will further strengthen its financial position.

Income Statement

Nobility Homes shows strong profitability with a consistent gross profit margin of approximately 33.7% TTM. However, revenue has decreased by 4.87% TTM compared to the previous year. The net profit margin remains healthy at 16.7% TTM, although slightly lower than the previous year. The company maintains solid EBIT and EBITDA margins, indicating efficient operations.

Balance Sheet

The balance sheet is robust with no total debt, resulting in a strong equity ratio of 87.0%. Return on equity stands at 14.1% TTM, showing good shareholder returns. The high stockholders' equity supports financial stability, although the equity ratio has slightly decreased from the previous year.

Cash Flow

Operating cash flow is positive at $6.7 million TTM, yet it shows a decline from the previous year. Free cash flow is strong at $6.5 million, but has decreased slightly from the previous year. The company has a healthy free cash flow to net income ratio, indicating efficient cash conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	50.85M	51.93M	63.32M	51.52M	45.06M	41.61M
Gross Profit	16.37M	17.42M	21.49M	14.90M	11.43M	12.13M
EBITDA	9.40M	9.75M	13.55M	8.60M	7.05M	7.36M
Net Income	8.16M	8.61M	10.90M	7.23M	5.40M	5.98M
Balance Sheet
Total Assets	65.65M	66.60M	65.70M	62.36M	66.18M	59.83M
Cash, Cash Equivalents and Short-Term Investments	14.93M	27.22M	24.61M	21.15M	38.84M	35.27M
Total Debt	0.00	0.00	0.00	0.00	1.60K	802.71K
Total Liabilities	6.92M	10.00M	12.99M	14.44M	16.87M	8.88M
Stockholders Equity	58.72M	56.60M	52.72M	47.92M	49.31M	50.94M
Cash Flow
Free Cash Flow	4.17M	6.87M	9.59M	-9.08M	11.46M	6.60M
Operating Cash Flow	4.36M	7.05M	10.12M	-7.83M	13.35M	6.91M
Investing Cash Flow	1.04M	-2.50M	-6.67M	-2.91M	365.94K	5.33M
Financing Cash Flow	-4.09M	-4.90M	-6.22M	-8.73M	-7.90M	-4.47M

Nobility Homes Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 32.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NOBH, the sentiment is Positive. The current price of 32 is above the 20-day moving average (MA) of 30.10, above the 50-day MA of 28.72, and above the 200-day MA of 28.82, indicating a bullish trend. The MACD of 0.61 indicates Negative momentum. The RSI at 70.16 is Negative, neither overbought nor oversold. The STOCH value of 75.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NOBH.

Nobility Homes Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CVCO	75 Outperform	$4.52B	25.04	17.90%	―	16.66%	34.61%
SKY	73 Outperform	$4.36B	20.00	14.39%	―	16.87%	54.47%
NOBH	72 Outperform	$99.87M	12.37	14.41%	4.10%	-7.23%	-7.97%
LEGH	70 Outperform	$565.45M	10.81	11.33%	―	8.79%	2.30%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
UHG	48 Neutral	$119.08M	28.25	9.58%	―	7.51%	-97.77%