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 41,745 - -
Change - -22.19% 55.35% 70.97% -18.72% -17.37% - -
Enterprise Value (EV) 1 32,280 26,929 37,578 63,562 53,503 44,574 45,309 45,697
Change - -16.57% 39.54% 69.15% -15.82% -16.69% 1.65% 0.86%
P/E 7.36x 4.08x 7.78x 13.3x 14.6x 14.3x 12.8x 10.7x
PBR 2.01x 1.19x 1.59x 2.44x 2.06x 1.72x 1.63x 1.53x
PEG - 0.1x -0.5x 3.53x -0.8x -1.46x 1.1x 0.6x
Capitalization / Revenue 1.08x 0.7x 1.03x 1.69x 1.48x 1.27x 1.21x 1.12x
EV / Revenue 1.16x 0.8x 1.06x 1.73x 1.56x 1.36x 1.31x 1.22x
EV / EBITDA 6.19x 3.71x 6.85x 11.3x 12.4x 10.4x 9.7x 8.69x
EV / EBIT 6.72x 3.89x 7.24x 11.9x 13.3x 12.6x 11.4x 10.7x
EV / FCF 121x 65.1x 9.04x 31.4x 16.3x 12.8x 16.9x -
FCF Yield 0.83% 1.54% 11.1% 3.19% 6.14% 7.83% 5.93% -
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% 1.2% 1.28% 1.42%
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 67.35 107.47 190.77 169.47 149.25 149.25 149.25
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.($)
14.3x1.36x10.4x1.2% 41.75B
12.78x - - 0.78% 24.37B
10.62x0.96x9.09x3.79% 18.33B
10.21x0.84x9.12x4.19% 14.08B
11.61x1.38x8.25x0.69% 13.69B
13.53x0.82x6.6x3.13% 6.63B
14.67x0.63x6.41x1.82% 6.11B
12.06x0.96x7.53x5.05% 5.26B
13.54x0.71x10.59x3.71% 5.18B
Average 12.59x 0.96x 8.50x 2.71% 15.05B
Weighted average by Cap. 12.69x 1.11x 9.18x 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