Company Valuation: DR Horton

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 30,078 23,403 36,357 62,160 50,523 39,541 - -
Change - -22.19% 55.35% 70.97% -18.72% -21.74% - -
Enterprise Value (EV) 1 32,280 26,929 37,578 63,562 53,503 42,370 43,105 43,493
Change - -16.57% 39.54% 69.15% -15.82% -20.81% 1.73% 0.9%
P/E 7.36x 4.08x 7.78x 13.3x 14.6x 13.5x 12.1x 10.1x
PBR 2.01x 1.19x 1.59x 2.44x 2.06x 1.63x 1.55x 1.45x
PEG - 0.1x -0.5x 3.53x -0.8x -1.38x 1x 0.5x
Capitalization / Revenue 1.08x 0.7x 1.03x 1.69x 1.48x 1.21x 1.14x 1.06x
EV / Revenue 1.16x 0.8x 1.06x 1.73x 1.56x 1.29x 1.25x 1.17x
EV / EBITDA 6.19x 3.71x 6.85x 11.3x 12.4x 9.89x 9.23x 8.27x
EV / EBIT 6.72x 3.89x 7.24x 11.9x 13.3x 12x 10.9x 10.2x
EV / FCF 121x 65.1x 9.04x 31.4x 16.3x 12.1x 16x -
FCF Yield 0.83% 1.54% 11.1% 3.19% 6.14% 8.24% 6.24% -
Dividend per Share 2 0.8 0.925 1.025 1.2 1.6 1.791 1.914 2.112
Rate of return 0.95% 1.37% 0.95% 0.63% 0.94% 1.27% 1.35% 1.49%
EPS 2 11.41 16.51 13.82 14.34 11.57 10.44 11.69 13.93
Distribution rate 7.01% 5.6% 7.42% 8.37% 13.8% 17.2% 16.4% 15.2%
Net sales 1 27,774 33,480 35,460 36,801 34,250 32,782 34,568 37,313
EBITDA 1 5,212 7,253 5,486 5,645 4,324 4,286 4,671 5,256
EBIT 1 4,802 6,924 5,188 5,348 4,033 3,528 3,971 4,261
Net income 1 4,176 5,858 4,746 4,756 3,585 2,987 3,186 3,583
Net Debt 1 2,202 3,526 1,221 1,401 2,980 2,829 3,563 3,952
Reference price 2 83.97 67.35 107.47 190.77 169.47 141.37 141.37 141.37
Nbr of stocks (in thousands) 358,194 347,481 338,297 325,839 298,124 279,701 - -
Announcement Date 11/9/21 A 11/9/22 A 11/7/23 A 10/29/24 A 10/28/25 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.55x1.29x9.89x1.27% 39.54B
12.1x - - 0.83% 23.08B
10.68x0.96x9.12x3.77% 18.35B
10.23x0.84x9.13x4.18% 14.06B
10.99x1.31x7.83x0.73% 12.92B
13.85x0.84x6.75x3.06% 6.76B
14.23x0.61x6.19x1.87% 5.9B
13.47x0.71x10.57x3.73% 5.13B
11.5x0.92x7.17x5.29% 4.99B
11.93x1.37x7.68x1.52% 4.31B
Average 12.25x 0.98x 8.26x 2.62% 13.51B
Weighted average by Cap. 12.23x 1.08x 8.87x 2.15%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield