Tri Pointe Homes, Inc. engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates in two segments, Homebuilding and Financial Services. It operates active selling communities and owns or controls lots. The company sells its homes through its own sales representatives and independent real estate brokers. It also provides financial services, such as mortgage financing, title and escrow, and property and casualty insurance agency services. The company was formerly known as TRI Pointe Group, Inc. and changed its name to Tri Pointe Homes, Inc. in January 2021. Tri Pointe Homes, Inc. was founded in 2009 and is based in Incline Village, Nevada.
Strategic Shift | Tri Pointe Homes aims to increase sales outside California from 50% to 70% by 2026, potentially improving asset efficiency and margins in new markets |
Financial Resilience | Strong Q2 earnings and debt reduction efforts bolster Tri Pointe's financial health, with EPS projected to grow from $3.56 in 2023 to $4.85 in 2025 |
Market Valuation | Trading at a discount with a forward 2024 book value multiple of 1.3x vs. peer median of 1.6x, analysts view Tri Pointe's stock as attractively priced |
Future Prospects | Analysts project tangible book value per share to rise from $29.30 in 2023 to $40.37 by 2025, with price targets ranging up to $48.00 |
Metrics to compare | TPH | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipTPHPeersSector | |
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P/E Ratio | 7.4x | 9.5x | 11.1x | |
PEG Ratio | −0.74 | 0.51 | 0.02 | |
Price/Book | 0.8x | 1.4x | 1.4x | |
Price / LTM Sales | 0.7x | 1.4x | 0.9x | |
Upside (Analyst Target) | 21.3% | 37.0% | 19.8% | |
Fair Value Upside | Unlock | 9.6% | 9.8% | Unlock |