Nobility Homes (NOBH) AI Stock Analysis

• Market Cap: $98.57M
• Dividend Yield: 4.29%
• Average Volume (3M): 750.00
• Price to Earnings (P/E): 14.8
• Beta (1Y): -0.24
• Revenue Growth: -7.23%
• EPS Growth: -7.97%
• Country: US
• Employees: 144
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Residential Construction
• EPS (TTM): 0.50
• Shares Outstanding: 3,153,665
• 10 Day Avg. Volume: 224
• 30 Day Avg. Volume: 750
• PEG Ratio: -7.68
• Price to Book (P/B): 1.62
• Price to Sales (P/S): 1.87
• P/FCF Ratio: 24.77
• Enterprise Value/Market Cap: 0.85
• Enterprise Value/Revenue: 1.64
• Enterprise Value/Gross Profit: 5.22
• Enterprise Value/Ebitda: 8.50
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 77 Outperform
• Price Target: $34.00 ▲(14.86% Upside)
• Action: Reiterated Date: 03/18/26
• Date: Action: Reiterated 03/18/26

The score is driven primarily by strong financial strength (near-zero leverage and solid margins) and supportive valuation (low P/E with a high dividend yield). These positives are tempered by softer top-line momentum and mixed cash-flow conversion, while technical indicators suggest a mostly neutral trend with mildly constructive momentum.

Positive Factors

Low Leverage

The company’s essentially debt-free balance sheet materially reduces financial risk in a cyclical housing sector, preserving liquidity and strategic optionality. Low leverage supports resilience through downturns, capacity to fund operations or opportunistic investments without refinancing pressure.

Strong Profit Margins

Consistent gross and net margins indicate durable earnings power from product mix, pricing or manufacturing efficiency. Margin levels provide internal cash generation to support dividends, community operations and modest reinvestment even if revenue growth softens over the medium term.

Governance & Retention

Extension of the equity incentive plan and shareholder re-election of directors support management continuity and talent retention. Stable governance and aligned compensation reduce execution risk for multi-year strategies and help preserve institutional knowledge in production and retail operations.

Negative Factors

Cooling Revenue

A falling top line signals demand normalization and reduced unit volume, which can pressure operating leverage in a manufacturing business. Sustained revenue softness limits growth capacity, may force tighter cost control, and can impair capacity to expand community operations or sales footprint.

Cash-Conversion Volatility

Working-capital swings and weaker cash conversion introduce variability in available free cash for capex, dividends or weathering slow periods. Historical episodes of negative operating/FCF show this is a recurring risk that can constrain capital allocation despite accounting profits.

Cyclical Industry Exposure

Operating in residential construction and factory-built housing exposes results to macro cycles and housing demand swings. Even with low leverage, revenue, margins and returns can deteriorate during downturns, making multi-quarter revenue recovery and margin maintenance uncertain.

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 makes money primarily through (1) selling factory-built homes and related items and (2) operating a manufactured home community. Home sales revenue is generated when the company manufactures manufactured/modular homes and sells them to customers, typically through its sales centers/retail distribution, with earnings driven by unit volume, average selling price, and gross margin on the homes and any associated components or upgrades included in the sale. In addition to home sales, the company generates ongoing revenue from its company-owned manufactured home community through rental and/or community-related income associated with operating the property. If any specific financing arrangements, material long-term offtake/partnership agreements, or customer concentration details are required, they are null because they are not available from the information provided here.

Nobility Homes Financial Statement Overview

Summary

Strong overall fundamentals led by an exceptionally conservative balance sheet (essentially no debt) and solid profitability (TTM gross margin ~31%, net margin ~16%). Offsets are cooling revenue (TTM down ~3.3%) and uneven cash conversion/working-capital volatility, including a prior period with negative operating/free cash flow.

Income Statement

Profitability is solid and fairly consistent: TTM (Trailing-Twelve-Months) gross margin is ~31% and net margin is ~16%, broadly in line with the last few annual periods. However, growth has cooled—TTM revenue is down ~3.3% versus the prior period, and revenue has fallen from the 2023 peak, suggesting demand/volume normalization. Overall, the company shows healthy earnings power, but the near-term top-line trajectory is a clear offset.

Balance Sheet

The balance sheet is exceptionally conservative with essentially no debt (debt-to-equity ~0.0 across recent periods), which materially reduces financial risk in a cyclical homebuilding environment. Equity remains sizable relative to assets, and returns on equity are healthy (TTM ~13.7%; mid-teens to ~20% in prior years), though they have moderated from the 2023 high. Key strength is very low leverage; the main weakness is some cooling in returns as the cycle normalizes.

Cash Flow

Cash generation is positive in TTM (Trailing-Twelve-Months) with free cash flow of ~$3.5M and free cash flow tracking net income closely (about ~96% of net income), which supports earnings quality. That said, operating cash flow covers only ~64% of net income in TTM (and was also ~65–78% in several prior years), pointing to working-capital volatility; the 2022 period also saw negative operating and free cash flow. Free cash flow declined ~11.8% in TTM, indicating softer cash momentum despite profitability.

Breakdown	TTM	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Income Statement
Total Revenue	50.93M	52.67M	51.93M	63.32M	51.52M	45.06M
Gross Profit	16.01M	16.79M	17.42M	21.49M	14.90M	11.43M
EBITDA	9.82M	11.53M	9.75M	13.55M	8.60M	7.05M
Net Income	8.09M	8.45M	8.61M	10.90M	7.23M	5.40M
Balance Sheet
Total Assets	65.95M	67.15M	66.60M	65.70M	62.36M	66.18M
Cash, Cash Equivalents and Short-Term Investments	11.71M	13.23M	27.22M	24.61M	21.15M	38.84M
Total Debt	0.00	0.00	0.00	0.00	0.00	1.60K
Total Liabilities	6.51M	6.43M	10.00M	12.99M	14.44M	16.87M
Stockholders Equity	59.43M	60.71M	56.60M	52.72M	47.92M	49.31M
Cash Flow
Free Cash Flow	3.51M	3.98M	6.87M	9.59M	-9.08M	11.46M
Operating Cash Flow	3.57M	4.16M	7.05M	10.12M	-7.83M	13.35M
Investing Cash Flow	-1.50M	53.98K	-2.50M	-6.67M	-2.91M	365.94K
Financing Cash Flow	-7.48M	-4.51M	-4.90M	-6.22M	-8.73M	-7.90M

Nobility Homes Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 29.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• 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 29.6 is below the 20-day moving average (MA) of 30.16, below the 50-day MA of 29.62, and above the 200-day MA of 29.20, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 61.55 is Neutral, neither overbought nor oversold. The STOCH value of 52.90 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
NOBH	77 Outperform	$98.57M	14.77	14.41%	4.29%	-7.23%	-7.97%
SKY	74 Outperform	$4.16B	22.24	13.58%	―	12.14%	48.68%
LEGH	67 Neutral	$459.34M	11.20	9.62%	―	10.25%	-10.52%
CVCO	66 Neutral	$3.68B	26.87	17.14%	―	15.81%	37.89%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
UHG	43 Neutral	$68.83M	-5.63	-23.25%	―	-6.20%	24.90%

Nobility Homes Corporate Events

Nobility Homes Extends Stock Plan, Confirms Governance Stability

On March 6, 2026, Nobility Homes’ board extended the termination date of its 2011 Stock Incentive Plan by five years, from June 1, 2026 to June 1, 2031, effectively preserving a key equity-based compensation tool for retaining and incentivizing employees and executives. The same day, shareholders re-elected four directors, endorsed holding advisory votes on executive pay every three years, and approved the company’s 2025 executive compensation, signaling continued investor support for current leadership and pay practices.

These governance decisions collectively reinforce stability in Nobility Homes’ board composition and compensation framework, which may aid long-term strategic planning and talent retention. The three-year say-on-pay frequency also suggests shareholders are comfortable with less frequent direct input on executive compensation, potentially reducing administrative burdens while maintaining periodic accountability for the company’s pay policies.

The most recent analyst rating on (NOBH) stock is a Buy with a $34.00 price target. To see the full list of analyst forecasts on Nobility Homes stock, see the NOBH Stock Forecast page.