Kaufman & Broad Bundle
Who Really Owns Kaufman & Broad?
Ever wondered about the forces shaping the French real estate giant, Kaufman & Broad? Understanding the ownership structure is key to unlocking the company's strategic moves and future prospects. From its founding in 1968 to its listing on the Paris Bourse, the evolution of Kaufman & Broad SWOT Analysis has been a journey of transformation.
This exploration will reveal the key players behind KB Home, from initial founders to major shareholders, and explain how these shifts have influenced the company's trajectory. Discover the answers to questions like: "Who owns KB Home?" and "Is Kaufman & Broad a public company?" as we delve into the details of homebuilder ownership.
Who Founded Kaufman & Broad?
Kaufman & Broad, now known as KB Home, was established in 1957. The company's origins trace back to Detroit, Michigan, where Donald Bruce Kaufman and Eli Broad joined forces to build homes.
Their initial focus was on providing affordable housing. The founders targeted first-time homebuyers with an 'Award Winner' model priced at $13,700, streamlining construction to keep costs down.
Within the first two years, Kaufman & Broad had already constructed 600 homes in the Detroit suburbs, demonstrating early success and a strong market fit.
Early Ventures
Kaufman & Broad began by constructing model homes in Detroit, aiming at first-time homebuyers.
Construction Innovations
To keep prices competitive, the company streamlined the construction process, eliminating basements and offering carports.
Expansion
The company expanded into contract housing, developing homes for various sectors, including the elderly and the armed forces.
Public Offering
In 1961, Kaufman & Broad went public, raising approximately $1.8 million.
Stock Exchange Listing
In 1969, Kaufman & Broad became the first homebuilder listed on the New York Stock Exchange.
Ownership Stake
After a reorganization in 1988, Eli Broad held an 18% stake in the housing company.
The early success of Kaufman & Broad laid the foundation for its future growth. The company's ability to adapt and expand into different housing sectors, coupled with its strategic financial moves, such as going public, solidified its position in the homebuilding industry. This early history provides context for understanding the evolution of KB Home's history and its current ownership structure.
Key Takeaways
The founders of Kaufman & Broad were Donald Bruce Kaufman and Eli Broad.
- The company started in Detroit in 1957.
- They focused on affordable housing for first-time buyers.
- Kaufman & Broad went public in 1961.
- Eli Broad held an 18% stake after a 1988 reorganization.
Kaufman & Broad SWOT Analysis
- Complete SWOT Breakdown
- Fully Customizable
- Editable in Excel & Word
- Professional Formatting
- Investor-Ready Format
How Has Kaufman & Broad’s Ownership Changed Over Time?
The ownership of Kaufman & Broad S.A. has seen significant shifts over time. Initially listed on the Paris Bourse in 2000, the company's ownership structure underwent a major change in May 2007. At that time, it was sold by its parent company, the American homebuilder KB Home. The sale was finalized with private equity firm PAI Partners for 601 million euros, which was approximately $812 million.
This transition marked a pivotal moment in the company's history, reshaping its corporate landscape and influencing its strategic direction. Understanding the evolution of ownership is crucial for grasping the company's journey and its position within the homebuilding industry. For more insights, you can check out the Brief History of Kaufman & Broad.
| Shareholder | Shares Held (as of May 14, 2025) | Percentage of Shares |
|---|---|---|
| Transamerica International Small Cap Value I (TISVX) | Data not available | Data not available |
| INVESCO International Small Company Fund Class A (IEGAX) | Data not available | Data not available |
| Templeton Global Smaller Companies Fund Class A (TEMGX) | Data not available | Data not available |
| Putnam International Capital Opportunities Fund Class A Shares (PNVAX) | Data not available | Data not available |
| INVESCO European Small Company Fund Class A (ESMAX) | Data not available | Data not available |
| Avantis International Small Cap Value ETF (AVDV) | Data not available | Data not available |
As of May 14, 2025, Kaufman & Broad S.A. (FR:KOF) had 57 institutional owners and shareholders, collectively holding a total of 1,865,863 shares. These institutional holdings represent approximately 9.71% of the outstanding shares. Key institutional shareholders include Transamerica International Small Cap Value I (TISVX), INVESCO International Small Company Fund Class A (IEGAX), Templeton Global Smaller Companies Fund Class A (TEMGX), Putnam International Capital Opportunities Fund Class A Shares (PNVAX), INVESCO European Small Company Fund Class A (ESMAX), and Avantis International Small Cap Value ETF (AVDV). Notable holders as of late 2024 and early 2025 include Predica Prévoyance Dialogue du Crédit Agricole SA (Invt Port) with 1.77 million shares as of February 29, 2024, Janus Henderson Investors UK Ltd. with 627.88k shares as of April 30, 2025, and Invesco Advisers, Inc. with 535.65k shares as of April 30, 2025. Nordine Hachemi, the current Chairman and CEO, directly owns 0.58% of the company's shares.
Key Takeaways on Ownership
Here's a quick overview of the major points:
- Kaufman & Broad S.A. was listed on the Paris Bourse.
- PAI Partners acquired the company in May 2007.
- Institutional ownership is a significant part of the shareholder structure.
- The current CEO, Nordine Hachemi, holds a direct stake in the company.
Kaufman & Broad PESTLE Analysis
- Covers All 6 PESTLE Categories
- No Research Needed – Save Hours of Work
- Built by Experts, Trusted by Consultants
- Instant Download, Ready to Use
- 100% Editable, Fully Customizable
Who Sits on Kaufman & Broad’s Board?
The current board of directors of Kaufman & Broad S.A. includes Nordine Hachemi, who serves as Chairman and Chief Executive Officer. Other board members include Sylvie Charles, Yves Perrier, Annalisa Elia, Michel Paris, Lucile Ribot, and Aline Stickel. Aline Stickel also holds the position of Director of Legal Affairs and represents employee shareholders. Michel Paris is the Lead Independent Director and Chairman of the Remuneration and Nomination Committee.
The composition of the board reflects a mix of experienced professionals. The average tenure of the management team is 5.3 years, while the board of directors has an average tenure of 4.1 years. This indicates a relatively stable leadership structure within the company. The annual general meeting was held on May 6, 2025, where the financial statements for the fiscal year ended November 30, 2024, were approved.
| Board Member | Position | Additional Details |
|---|---|---|
| Nordine Hachemi | Chairman and Chief Executive Officer | |
| Sylvie Charles | Board Member | |
| Yves Perrier | Board Member | |
| Annalisa Elia | Board Member | |
| Michel Paris | Lead Independent Director, Chairman of the Remuneration and Nomination Committee | |
| Lucile Ribot | Board Member | |
| Aline Stickel | Director of Legal Affairs, Employee Shareholder Representative |
As of March 31, 2024, the total number of shares comprising the share capital was 19,862,022. The theoretical total voting rights were 26,002,939, while the actual total of voting rights was 25,744,987. The actual total voting rights are calculated by subtracting shares deprived of voting rights, such as treasury shares, from the theoretical total. For more insights into the company's strategies, consider exploring the Marketing Strategy of Kaufman & Broad.
Ownership and Voting Rights
Understanding the ownership structure and voting rights is crucial for assessing the influence of different shareholders. The difference between theoretical and actual voting rights highlights the impact of treasury shares or other non-voting shares.
- Share capital details provide a snapshot of the company's equity.
- The board of directors oversees strategic decisions.
- Employee representation on the board offers a unique perspective.
- The annual general meeting is a key event for shareholder engagement.
Kaufman & Broad Business Model Canvas
- Complete 9-Block Business Model Canvas
- Effortlessly Communicate Your Business Strategy
- Investor-Ready BMC Format
- 100% Editable and Customizable
- Clear and Structured Layout
What Recent Changes Have Shaped Kaufman & Broad’s Ownership Landscape?
Over the past few years, Kaufman & Broad has actively managed its capital structure. In July 2024, the company renewed its share buyback program, planning to repurchase up to 8.041% of its share capital. This demonstrates a continued commitment to returning value to shareholders through strategic financial maneuvers.
More recently, on May 6, 2025, a new share repurchase program was announced, allowing for the repurchase of up to 10% of its capital, or 1,986,202 shares. Considering the 256,952 shares already held, the company can repurchase up to 1,729,250 shares, with a maximum price of €50 per share. This program is scheduled to run for 18 months, concluding on November 6, 2026.
| Metric | Value | Date |
|---|---|---|
| Net Cash | €397.6 million | Fiscal Year 2024 (ending November 30, 2024) |
| Proposed Dividend | €2.20 per share | For 2024 (subject to approval at the May 6, 2025 Shareholders' Meeting) |
| Housing Orders Increase (by volume) | 6.0% | Q1 2025 (December 1, 2024 - February 28, 2025) |
| Net Cash Position | €376.1 million | Q1 2025 (December 1, 2024 - February 28, 2025) |
| Revenue Growth Expectation | Around 5% | Full Year 2025 |
The company's financial performance has remained strong. For the fiscal year 2024 (ending November 30, 2024), Kaufman & Broad reported net cash of €397.6 million and proposed a dividend of €2.20 per share. The first quarter of 2025 (December 1, 2024, to February 28, 2025) showed a 6.0% increase in housing orders by volume, alongside a net cash position of €376.1 million. The company anticipates revenue to increase by approximately 5% for the full year 2025.
Share Buyback Program
Kaufman & Broad has actively repurchased shares to manage its capital, including a program announced in May 2025, which allows for the repurchase of up to 10% of its capital.
Financial Performance
The company has shown strong financial results, with significant net cash positions and a positive outlook for revenue growth in 2025.
Dividend and Shareholder Value
Kaufman & Broad proposed a dividend of €2.20 per share for 2024, reflecting a commitment to returning value to shareholders.
Future Outlook
With a positive outlook for revenue growth in 2025 and continued strategic financial maneuvers, Kaufman & Broad is positioned for continued success.
Kaufman & Broad Porter's Five Forces Analysis
- Covers All 5 Competitive Forces in Detail
- Structured for Consultants, Students, and Founders
- 100% Editable in Microsoft Word & Excel
- Instant Digital Download – Use Immediately
- Compatible with Mac & PC – Fully Unlocked
Related Blogs
- What are Mission Vision & Core Values of Kaufman & Broad Company?
- What is Competitive Landscape of Kaufman & Broad Company?
- What is Growth Strategy and Future Prospects of Kaufman & Broad Company?
- How Does Kaufman & Broad Company Work?
- What is Sales and Marketing Strategy of Kaufman & Broad Company?
- What is Brief History of Kaufman & Broad Company?
- What is Customer Demographics and Target Market of Kaufman & Broad Company?
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.