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KB Home: Very Strong Demand Environment
KBHKB Home(KBH) Seeking Alpha·2024-04-05 10:46
sl-f/iStock via Getty ImagesOverview My recommendation for KB Home (NYSE:KBH) is a buy rating, as I expect KBH to see strong revenue growth acceleration in FY24 vs. FY23, given a solid demand environment and an improving customer credit score. The improving operating conditions should also lead to margin expansion, driving elevated EBITDA growth. Put together, these should eventually push the market to value KBH at a higher multiple. Business KBH builds single-family homes for the US population that is  ...