Hovnanian Invested Capital vs Free Cash Flow Analysis

HOV Stock

USD 150.25 11.37 8.19%

Hovnanian Enterprises financial indicator trend analysis is much more than just examining Hovnanian Enterprises latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hovnanian Enterprises is a good investment. Please check the relationship between Hovnanian Enterprises Invested Capital and its Free Cash Flow accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hovnanian Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Hovnanian Stock please use our How to Invest in Hovnanian Enterprises guide.

Invested Capital vs Free Cash Flow

Invested Capital vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hovnanian Enterprises Invested Capital account and Free Cash Flow. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Hovnanian Enterprises' Invested Capital and Free Cash Flow is 0.4. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Hovnanian Enterprises, assuming nothing else is changed. The correlation between historical values of Hovnanian Enterprises' Invested Capital and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of Hovnanian Enterprises are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Invested Capital i.e., Hovnanian Enterprises' Invested Capital and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.4

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Hovnanian Enterprises. There are two different methods for calculating Hovnanian Enterprises invested capital: operating approach and financing approach. Understanding Hovnanian Enterprises invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Hovnanian Enterprises' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hovnanian Enterprises current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hovnanian Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Hovnanian Stock please use our How to Invest in Hovnanian Enterprises guide.At this time, Hovnanian Enterprises' Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 47.3 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.06 in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	2.9B	2.8B	3.2B	2.0B
Interest Expense	47.3M	54.1M	62.2M	78.8M

Total Revenue Interest Expense

Hovnanian Enterprises fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Inventory	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Assets	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.6	0.36	0.44	0.01	0.32	-0.26	0.83	0.69	0.78	0.78	-0.09	0.85	-0.63	0.84	0.6	0.6	0.24	0.94	-0.01	0.92	-0.05	0.29	-0.02	-0.02	0.57
Short Long Term Debt Total	0.6		-0.46	0.96	-0.73	-0.38	-0.64	0.63	0.95	0.8	0.95	0.18	0.68	-0.48	0.4	0.24	0.24	0.46	0.62	-0.67	0.74	0.33	0.67	0.59	0.59	0.72
Total Stockholder Equity	0.36	-0.46		-0.56	0.92	0.78	0.27	0.01	-0.39	0.0	-0.28	-0.27	0.18	0.0	0.36	0.47	0.47	-0.12	0.33	0.71	0.21	-0.29	-0.37	-0.6	-0.6	-0.15
Net Debt	0.44	0.96	-0.56		-0.78	-0.48	-0.66	0.47	0.89	0.69	0.87	0.19	0.55	-0.43	0.25	0.03	0.03	0.51	0.52	-0.77	0.63	0.35	0.71	0.6	0.6	0.68
Retained Earnings	0.01	-0.73	0.92	-0.78		0.63	0.37	-0.32	-0.69	-0.38	-0.61	-0.27	-0.14	0.32	0.05	0.21	0.21	-0.13	-0.03	0.82	-0.11	-0.21	-0.45	-0.6	-0.6	-0.4
Non Current Assets Total	0.32	-0.38	0.78	-0.48	0.63		0.61	0.13	-0.24	0.19	-0.16	-0.12	0.13	-0.35	0.34	0.52	0.52	-0.59	0.29	0.46	0.03	-0.61	-0.7	-0.73	-0.73	-0.12
Non Currrent Assets Other	-0.26	-0.64	0.27	-0.66	0.37	0.61		-0.18	-0.49	-0.38	-0.49	0.1	-0.41	-0.09	-0.18	-0.09	-0.09	-0.75	-0.33	0.41	-0.59	-0.56	-0.9	-0.65	-0.65	-0.5
Common Stock Shares Outstanding	0.83	0.63	0.01	0.47	-0.32	0.13	-0.18		0.78	0.74	0.81	-0.1	0.64	-0.78	0.83	0.41	0.41	0.01	0.77	-0.19	0.7	-0.23	0.24	0.05	0.05	0.45
Non Current Liabilities Total	0.69	0.95	-0.39	0.89	-0.69	-0.24	-0.49	0.78		0.82	0.98	0.01	0.63	-0.66	0.59	0.25	0.25	0.31	0.72	-0.63	0.75	0.07	0.53	0.4	0.4	0.75
Other Stockholder Equity	0.78	0.8	0.0	0.69	-0.38	0.19	-0.38	0.74	0.82		0.86	0.09	0.77	-0.68	0.61	0.67	0.67	0.09	0.8	-0.48	0.78	-0.05	0.29	0.22	0.22	0.69
Total Liab	0.78	0.95	-0.28	0.87	-0.61	-0.16	-0.49	0.81	0.98	0.86		0.09	0.76	-0.66	0.62	0.34	0.34	0.33	0.78	-0.54	0.82	0.14	0.55	0.38	0.38	0.74
Other Current Liab	-0.09	0.18	-0.27	0.19	-0.27	-0.12	0.1	-0.1	0.01	0.09	0.09		0.34	0.08	-0.55	-0.05	-0.05	-0.04	-0.18	-0.1	-0.1	0.47	0.07	0.25	0.25	-0.12
Total Current Liabilities	0.85	0.68	0.18	0.55	-0.14	0.13	-0.41	0.64	0.63	0.77	0.76	0.34		-0.43	0.5	0.57	0.57	0.34	0.75	-0.06	0.85	0.35	0.49	0.21	0.21	0.54
Property Plant And Equipment Net	-0.63	-0.48	0.0	-0.43	0.32	-0.35	-0.09	-0.78	-0.66	-0.68	-0.66	0.08	-0.43		-0.68	-0.22	-0.22	0.28	-0.69	0.38	-0.45	0.54	0.05	0.26	0.26	-0.44
Accounts Payable	0.84	0.4	0.36	0.25	0.05	0.34	-0.18	0.83	0.59	0.61	0.62	-0.55	0.5	-0.68		0.48	0.48	0.07	0.83	0.02	0.73	-0.39	0.14	-0.2	-0.2	0.49
Cash	0.6	0.24	0.47	0.03	0.21	0.52	-0.09	0.41	0.25	0.67	0.34	-0.05	0.57	-0.22	0.48		1.0	-0.14	0.52	0.12	0.53	-0.1	-0.12	-0.05	-0.05	0.39
Cash And Short Term Investments	0.6	0.24	0.47	0.03	0.21	0.52	-0.09	0.41	0.25	0.67	0.34	-0.05	0.57	-0.22	0.48	1.0		-0.14	0.52	0.12	0.53	-0.1	-0.12	-0.05	-0.05	0.39
Net Receivables	0.24	0.46	-0.12	0.51	-0.13	-0.59	-0.75	0.01	0.31	0.09	0.33	-0.04	0.34	0.28	0.07	-0.14	-0.14		0.24	-0.15	0.53	0.68	0.79	0.57	0.57	0.34
Inventory	0.94	0.62	0.33	0.52	-0.03	0.29	-0.33	0.77	0.72	0.8	0.78	-0.18	0.75	-0.69	0.83	0.52	0.52	0.24		-0.19	0.92	-0.15	0.3	-0.08	-0.08	0.68
Property Plant And Equipment Gross	-0.01	-0.67	0.71	-0.77	0.82	0.46	0.41	-0.19	-0.63	-0.48	-0.54	-0.1	-0.06	0.38	0.02	0.12	0.12	-0.15	-0.19		-0.19	-0.04	-0.34	-0.45	-0.45	-0.58
Total Current Assets	0.92	0.74	0.21	0.63	-0.11	0.03	-0.59	0.7	0.75	0.78	0.82	-0.1	0.85	-0.45	0.73	0.53	0.53	0.53	0.92	-0.19		0.2	0.57	0.22	0.22	0.71
Short Term Debt	-0.05	0.33	-0.29	0.35	-0.21	-0.61	-0.56	-0.23	0.07	-0.05	0.14	0.47	0.35	0.54	-0.39	-0.1	-0.1	0.68	-0.15	-0.04	0.2		0.72	0.69	0.69	0.09
Other Current Assets	0.29	0.67	-0.37	0.71	-0.45	-0.7	-0.9	0.24	0.53	0.29	0.55	0.07	0.49	0.05	0.14	-0.12	-0.12	0.79	0.3	-0.34	0.57	0.72		0.66	0.66	0.42
Common Stock Total Equity	-0.02	0.59	-0.6	0.6	-0.6	-0.73	-0.65	0.05	0.4	0.22	0.38	0.25	0.21	0.26	-0.2	-0.05	-0.05	0.57	-0.08	-0.45	0.22	0.69	0.66		1.0	0.18
Common Stock	-0.02	0.59	-0.6	0.6	-0.6	-0.73	-0.65	0.05	0.4	0.22	0.38	0.25	0.21	0.26	-0.2	-0.05	-0.05	0.57	-0.08	-0.45	0.22	0.69	0.66	1.0		0.18
Other Liab	0.57	0.72	-0.15	0.68	-0.4	-0.12	-0.5	0.45	0.75	0.69	0.74	-0.12	0.54	-0.44	0.49	0.39	0.39	0.34	0.68	-0.58	0.71	0.09	0.42	0.18	0.18

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Hovnanian Enterprises Account Relationship Matchups

Hovnanian Enterprises fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.8B	2.3B	2.6B	2.5B	2.9B	1.9B
Short Long Term Debt Total	1.6B	1.4B	1.3B	1.1B	1.3B	1.2B
Total Stockholder Equity	(436.9M)	174.9M	383.0M	581.7M	523.6M	549.7M
Net Debt	1.3B	1.1B	965.2M	708.9M	815.2M	1.0B
Retained Earnings	(1.2B)	(567.2M)	(352.4M)	(157.2M)	(141.5M)	(148.6M)
Non Current Assets Total	262.0M	708.1M	601.5M	673.2M	774.2M	812.9M
Non Currrent Assets Other	140.6M	202.8M	156.0M	238.6M	214.7M	122.2M
Common Stock Shares Outstanding	6.6M	6.4M	6.7M	6.7M	7.7M	3.8M
Liabilities And Stockholders Equity	1.8B	2.3B	2.6B	2.5B	2.9B	1.9B
Non Current Liabilities Total	1.8B	1.6B	1.6B	1.4B	1.6B	1.2B
Other Stockholder Equity	602.8M	606.8M	600.1M	603.6M	694.1M	728.8M
Total Liab	2.3B	2.1B	2.2B	1.9B	2.2B	1.6B
Other Current Liab	39.4M	23.0M	32.4M	20.3M	23.3M	22.2M
Total Current Liabilities	447.0M	526.7M	549.6M	495.7M	570.0M	462.9M
Property Plant And Equipment Net	18.2M	18.7M	25.8M	33.9M	30.6M	45.1M
Accounts Payable	359.3M	426.4M	440.0M	415.5M	477.8M	266.4M
Cash	262.5M	246.0M	326.2M	434.1M	499.2M	524.2M
Cash And Short Term Investments	262.5M	246.0M	326.2M	434.1M	499.2M	524.2M
Net Receivables	33.7M	39.9M	37.8M	28.0M	32.2M	30.6M
Inventory	1.2B	1.3B	1.5B	1.3B	1.6B	1.3B
Property Plant And Equipment Gross	38.2M	85.1M	77.7M	89.0M	80.1M	49.8M
Total Current Assets	1.6B	1.6B	2.0B	1.8B	2.1B	1.7B
Short Term Debt	(6.8M)	9M	3.2M	8.5M	7.6M	7.3M
Other Current Assets	73.4M	72.3M	77.3M	8.4M	9.7M	9.2M
Other Liab	289.9M	131.1M	276.5M	175.7M	202.0M	270.5M
Other Assets	29.0M	2.6B	344.8M	302.8M	348.3M	282.8M
Long Term Debt	1.6B	1.4B	1.3B	1.1B	1.0B	865.5M
Property Plant Equipment	38.2M	18.7M	25.8M	59.7M	53.7M	42.4M
Current Deferred Revenue	48.3M	68.3M	74.0M	51.4M	59.1M	48.3M
Net Tangible Assets	(572.2M)	39.6M	247.7M	446.4M	513.4M	539.1M
Retained Earnings Total Equity	(1.2B)	(1.2B)	(567.2M)	(352.4M)	(317.2M)	(333.0M)
Long Term Debt Total	203.6M	1.6B	1.4B	1.3B	1.5B	1.6B
Capital Surpluse	715.5M	718.1M	722.1M	727.7M	836.8M	769.8M
Deferred Long Term Liab	31.2M	34.1M	28.5M	25.9M	29.8M	25.8M

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When determining whether Hovnanian Enterprises is a strong investment it is important to analyze Hovnanian Enterprises' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Hovnanian Enterprises' future performance. For an informed investment choice regarding Hovnanian Stock, refer to the following important reports:

How To Invest In Hovnanian

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Is Hovnanian Stock a good investment?

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What is Hovnanian Enterprises' Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hovnanian Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Hovnanian Stock please use our How to Invest in Hovnanian Enterprises guide.

You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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When running Hovnanian Enterprises' price analysis, check to measure Hovnanian Enterprises' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hovnanian Enterprises is operating at the current time. Most of Hovnanian Enterprises' value examination focuses on studying past and present price action to predict the probability of Hovnanian Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hovnanian Enterprises' price. Additionally, you may evaluate how the addition of Hovnanian Enterprises to your portfolios can decrease your overall portfolio volatility.

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Is Hovnanian Enterprises' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hovnanian Enterprises. If investors know Hovnanian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hovnanian Enterprises listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.288

Earnings Share

27.53

Revenue Per Share

449.441

Quarterly Revenue Growth

0.153

Return On Assets

0.0721

The market value of Hovnanian Enterprises is measured differently than its book value, which is the value of Hovnanian that is recorded on the company's balance sheet. Investors also form their own opinion of Hovnanian Enterprises' value that differs from its market value or its book value, called intrinsic value, which is Hovnanian Enterprises' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hovnanian Enterprises' market value can be influenced by many factors that don't directly affect Hovnanian Enterprises' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Hovnanian Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hovnanian Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hovnanian Enterprises' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Hovnanian Invested Capital vs Free Cash Flow Analysis

Invested Capital vs Free Cash Flow

Invested Capital vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Invested Capital

Free Cash Flow

Hovnanian Enterprises fundamental ratios Correlations

Hovnanian Enterprises Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hovnanian Enterprises fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Total Liab	+ 0.98	Non Current Liabilities Total
Net Debt	+ 0.96	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.95	Short Long Term Debt Total
Total Liab	+ 0.95	Short Long Term Debt Total

Other Current Assets	- 0.9	Non Currrent Assets Other
Property Plant And Equipment Net	- 0.78	Common Stock Shares Outstanding
Retained Earnings	- 0.78	Net Debt
Property Plant And Equipment Gross	- 0.77	Net Debt
Net Receivables	- 0.75	Non Currrent Assets Other
Common Stock	- 0.73	Non Current Assets Total