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 42,179 - -
Change - -22.19% 55.35% 70.97% -18.72% -16.52% - -
Enterprise Value (EV) 1 32,280 26,929 37,578 63,562 53,503 45,008 45,742 46,131
Change - -16.57% 39.54% 69.15% -15.82% -15.88% 1.63% 0.85%
P/E 7.36x 4.08x 7.78x 13.3x 14.6x 14.5x 12.9x 10.8x
PBR 2.01x 1.19x 1.59x 2.44x 2.06x 1.74x 1.65x 1.55x
PEG - 0.1x -0.5x 3.53x -0.8x -1.48x 1.1x 0.6x
Capitalization / Revenue 1.08x 0.7x 1.03x 1.69x 1.48x 1.29x 1.22x 1.13x
EV / Revenue 1.16x 0.8x 1.06x 1.73x 1.56x 1.37x 1.32x 1.24x
EV / EBITDA 6.19x 3.71x 6.85x 11.3x 12.4x 10.5x 9.79x 8.78x
EV / EBIT 6.72x 3.89x 7.24x 11.9x 13.3x 12.8x 11.5x 10.8x
EV / FCF 121x 65.1x 9.04x 31.4x 16.3x 12.9x 17x -
FCF Yield 0.83% 1.54% 11.1% 3.19% 6.14% 7.76% 5.88% -
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% 1.19% 1.27% 1.4%
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 67.35 107.47 190.77 169.47 150.80 150.80 150.80
Nbr of stocks (in thousands) 358,194 347,481 338,297 325,839 298,124 279,701 - -
Announcement Date 11/9/21 11/9/22 11/7/23 10/29/24 10/28/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.45x1.37x10.5x1.19% 42.18B
12.86x - - 0.78% 24.53B
10.59x0.96x9.08x3.79% 18.31B
10.2x0.84x9.12x4.19% 14.08B
11.82x1.41x8.39x0.68% 13.93B
13.55x0.82x6.61x3.13% 6.65B
14.6x0.63x6.38x1.83% 6.1B
11.84x0.95x7.39x5.14% 5.18B
13.48x0.71x10.57x3.73% 5.16B
Average 12.60x 0.96x 8.51x 2.72% 15.13B
Weighted average by Cap. 12.76x 1.12x 9.23x 2.09%

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