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 41,225 - -
Change - -22.19% 55.35% 70.97% -18.72% -18.4% - -
Enterprise Value (EV) 1 32,280 26,929 37,578 63,562 53,503 44,054 44,789 45,177
Change - -16.57% 39.54% 69.15% -15.82% -17.66% 1.67% 0.87%
P/E 7.36x 4.08x 7.78x 13.3x 14.6x 14.1x 12.6x 10.6x
PBR 2.01x 1.19x 1.59x 2.44x 2.06x 1.7x 1.61x 1.51x
PEG - 0.1x -0.5x 3.53x -0.8x -1.44x 1x 0.6x
Capitalization / Revenue 1.08x 0.7x 1.03x 1.69x 1.48x 1.26x 1.19x 1.1x
EV / Revenue 1.16x 0.8x 1.06x 1.73x 1.56x 1.34x 1.3x 1.21x
EV / EBITDA 6.19x 3.71x 6.85x 11.3x 12.4x 10.3x 9.59x 8.59x
EV / EBIT 6.72x 3.89x 7.24x 11.9x 13.3x 12.5x 11.3x 10.6x
EV / FCF 121x 65.1x 9.04x 31.4x 16.3x 12.6x 16.7x -
FCF Yield 0.83% 1.54% 11.1% 3.19% 6.14% 7.92% 6% -
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% 1.22% 1.3% 1.43%
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 67.35 107.47 190.77 169.47 147.39 147.39 147.39
Nbr of stocks (in thousands) 358,194 347,481 338,297 325,839 298,124 279,701 - -
Announcement Date 09/11/21 09/11/22 07/11/23 29/10/24 28/10/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.12x1.34x10.28x1.22% 41.23B
12.63x - - 0.79% 24.1B
10.62x0.96x9.09x3.79% 18.26B
10.11x0.83x9.06x4.23% 13.89B
11.46x1.37x8.15x0.7% 13.51B
13.65x0.83x6.66x3.11% 6.67B
14.49x0.62x6.32x1.84% 6.02B
13.36x0.7x10.54x3.76% 5.1B
11.79x0.94x7.35x5.16% 5.13B
12.26x1.41x7.93x1.47% 4.44B
Average 12.45x 1.00x 8.38x 2.61% 13.83B
Weighted average by Cap. 12.56x 1.11x 9.06x 2.1%

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