BZH Beazer Homes Usa Inc.

Exchange

NYSE

Sector

Capital Goods

Industry

Homebuilding

Market Cap.

537.6M

Varying Cash Return on Invested Capital over the past 5 years

BZH has efficiently invested its financial resources in buildings, projects, and equipment, resulting in strong returns. However, there is a substantial variation in their Cash ROIC from year-to-year. This company may have unreliable free cash flow or operates in a business where invested capital costs increase substantially on a sporadic basis. Look at reasons for this inconsistency to determine the likelihood of future sustainability.

BZH has created $23.32 of cash for every $100 invested.

Figures in USD. Fiscal year ends in September

	2007	2008	2009	2010	2011
Free Cash Flow	479.90M	305.00M	86.79M	58.84M	-199.45M
divided by
Invested Capital	3.36B	290.95M	1.45B	1.31B	1.53B
Cash ROIC	14.29%	104.83%	5.98%	4.48%	-13.00%

Very Poor Return on Equity over the past 5 years

BZH has shown an inability to deliver results for shareholders. This could be due to poor management, BZH operating in a highly competitive industry, or having a weak business in general.

BZH has generated a $98.64 loss for every $100 of Shareholders' Equity.

Figures in USD. Fiscal year ends in September

	2007	2008	2009	2010	2011
Net Income	-411.07M	-951.91M	-189.38M	-34.05M	-204.86M
divided by
Stockholders' Equity	1.32B	374.85M	196.56M	397.10M	198.38M
Return on Equity	-31.05%	-253.94%	-96.35%	-8.57%	-103.27%

Mediocre Business Performance over the past 10 years

BZH isn't a strong business and might be consistently attempting to fuel growth with debt or has trouble staying profitable. The lack of predictability in free cash flow should be concerning for the reliability of future earnings.

BZH has been unable to consistently create value for shareholders.

Figures in USD. Fiscal year ends in September

	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011
Free Cash Flow	51.25M	-50.37M	-83.99M	-97.71M	-316.01M	479.90M	305.00M	86.79M	58.84M	-199.45M