Company Valuation: D.R. 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 42,534 - -
Change - -22.19% 55.35% 70.97% -18.72% -15.81% - -
Enterprise Value (EV) 1 32,280 26,929 37,578 63,562 53,503 45,598 46,247 46,668
Change - -16.57% 39.54% 69.15% -15.82% -14.77% 1.42% 0.91%
P/E 7.36x 4.08x 7.78x 13.3x 14.6x 14.2x 12.4x 9.89x
PBR 2.01x 1.19x 1.59x 2.44x 2.06x 1.66x 1.57x 1.49x
PEG - 0.1x -0.5x 3.53x -0.8x -1.65x 0.9x 0.4x
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 1.35x 1.3x 1.2x
EV / EBITDA 6.19x 3.71x 6.85x 11.3x 12.4x 10.4x 9.5x 8.41x
EV / EBIT 6.72x 3.89x 7.24x 11.9x 13.3x 11.9x 11.8x -
EV / FCF 121x 65.1x 9.04x 31.4x 16.3x 14.4x 16.8x -
FCF Yield 0.83% 1.54% 11.1% 3.19% 6.14% 6.93% 5.95% -
Dividend per Share 2 0.8 0.925 1.025 1.2 1.6 1.79 1.894 2.202
Rate of return 0.95% 1.37% 0.95% 0.63% 0.94% 1.19% 1.26% 1.47%
EPS 2 11.41 16.51 13.82 14.34 11.57 10.58 12.06 15.16
Distribution rate 7.01% 5.6% 7.42% 8.37% 13.8% 16.9% 15.7% 14.5%
Net sales 1 27,774 33,480 35,460 36,801 34,250 33,813 35,696 38,825
EBITDA 1 5,212 7,253 5,486 5,645 4,324 4,391 4,869 5,550
EBIT 1 4,802 6,924 5,188 5,348 4,033 3,819 3,931 -
Net income 1 4,176 5,858 4,746 4,756 3,585 3,042 3,315 3,885
Net Debt 1 2,202 3,526 1,221 1,401 2,980 3,064 3,713 4,134
Reference price 2 83.97 67.35 107.47 190.77 169.47 149.99 149.99 149.99
Nbr of stocks (in thousands) 3,58,194 3,47,481 3,38,297 3,25,839 2,98,124 2,83,580 - -
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.($)
12.35x - - 0.82% 2.36TCr
10.78x0.91x8.4x3.88% 1.73TCr
11.61x1.42x8.44x0.7% 1.38TCr
10.25x0.84x9.14x4.18% 1.39TCr
13.68x - - -.--% 661.2Cr
13.45x0.82x6.59x3.14% 649.37Cr
11.46x0.58x5.79x4.97% 534.01Cr
8.94x0.75x10.44x3.8% 497.69Cr
10.57x0.87x6.56x5.81% 458.33Cr
Average 11.46x 0.88x 7.91x 3.03% 1.07TCr
Weighted average by Cap. 11.52x 0.95x 8.20x 2.55%

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