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 40,747 - -
Change - -22.19% 55.35% 70.97% -18.72% -19.35% - -
Enterprise Value (EV) 1 32,280 26,929 37,578 63,562 53,503 43,576 44,310 44,699
Change - -16.57% 39.54% 69.15% -15.82% -18.55% 1.69% 0.88%
P/E 7.36x 4.08x 7.78x 13.3x 14.6x 14x 12.5x 10.5x
PBR 2.01x 1.19x 1.59x 2.44x 2.06x 1.68x 1.59x 1.49x
PEG - 0.1x -0.5x 3.53x -0.8x -1.43x 1x 0.5x
Capitalization / Revenue 1.08x 0.7x 1.03x 1.69x 1.48x 1.24x 1.18x 1.09x
EV / Revenue 1.16x 0.8x 1.06x 1.73x 1.56x 1.33x 1.28x 1.2x
EV / EBITDA 6.19x 3.71x 6.85x 11.3x 12.4x 10.2x 9.49x 8.5x
EV / EBIT 6.72x 3.89x 7.24x 11.9x 13.3x 12.4x 11.2x 10.5x
EV / FCF 121x 65.1x 9.04x 31.4x 16.3x 12.5x 16.5x -
FCF Yield 0.83% 1.54% 11.1% 3.19% 6.14% 8.01% 6.07% -
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% 1.23% 1.31% 1.45%
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 67.35 107.47 190.77 169.47 145.68 145.68 145.68
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.96x1.33x10.17x1.23% 40.75B
12.39x - - 0.81% 23.63B
10.45x0.95x9.03x3.88% 17.85B
9.97x0.82x8.99x4.29% 13.74B
11.24x1.37x8.17x0.72% 13.35B
13.73x0.83x6.69x3.09% 6.72B
14.33x0.61x6.24x1.86% 5.95B
13.22x0.7x10.49x3.8% 5.05B
11.57x0.92x7.22x5.26% 5.03B
Average 12.32x 0.94x 8.37x 2.77% 14.67B
Weighted average by Cap. 12.40x 1.09x 9.03x 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