Tri Point Homes, |Inc

TPH-N

Analysis and Opinions about TPH-N

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
September 19, 2017

(A Top Pick Oct 18/16. Up 3%.) A relatively small homebuilder in a handful of states, primarily in the south west, and branded under a lot of different names. They also have some exposure to Texas. Thinks the whole group will move because household formation is still in a low trend. It has moved in the last 3 decades between 500,00 and 2.5 million units a year. Right now, it is just over 1 million. To keep up with population growth, 1.5 million has to be done. These builders are all very inexpensive, most trading below 10X earnings, and he thinks they have a 15%-18% growth metric in front of them. This is a good entry point.

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Tri Point Homes, |Inc (TPH-N)
September 19, 2017

(A Top Pick Oct 18/16. Up 3%.) A relatively small homebuilder in a handful of states, primarily in the south west, and branded under a lot of different names. They also have some exposure to Texas. Thinks the whole group will move because household formation is still in a low trend. It has moved in the last 3 decades between 500,00 and 2.5 million units a year. Right now, it is just over 1 million. To keep up with population growth, 1.5 million has to be done. These builders are all very inexpensive, most trading below 10X earnings, and he thinks they have a 15%-18% growth metric in front of them. This is a good entry point.

TOP PICK
TOP PICK
October 18, 2016

Trading at 8 times earnings with a good cash flow yield of 11%. The home builders group has strong orders and pricing. Labour and land costs hold them back, but are regional. There is a disconnect between demand and supply.

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Trading at 8 times earnings with a good cash flow yield of 11%. The home builders group has strong orders and pricing. Labour and land costs hold them back, but are regional. There is a disconnect between demand and supply.

TOP PICK
TOP PICK
October 7, 2014

This is now one of the top 10 homebuilders in the US. Have a great management team. Very under covered. Just put out their 1st consolidated earnings guidance for 2015. Has a large inventory of high-quality building lots concentrated in California and Colorado.

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This is now one of the top 10 homebuilders in the US. Have a great management team. Very under covered. Just put out their 1st consolidated earnings guidance for 2015. Has a large inventory of high-quality building lots concentrated in California and Colorado.

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