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 37,760 - -
Change - -22.19% 55.35% 70.97% -18.72% -25.26% - -
Enterprise Value (EV) 1 32,280 26,929 37,578 63,562 53,503 40,791 41,429 41,602
Change - -16.57% 39.54% 69.15% -15.82% -23.76% 1.56% 0.42%
P/E 7.36x 4.08x 7.78x 13.3x 14.6x 13x 11.8x 9.79x
PBR 2.01x 1.19x 1.59x 2.44x 2.06x 1.56x 1.48x 1.38x
PEG - 0.1x -0.5x 3.53x -0.8x -1.31x 1.19x 0.5x
Capitalization / Revenue 1.08x 0.7x 1.03x 1.69x 1.48x 1.15x 1.1x 1.02x
EV / Revenue 1.16x 0.8x 1.06x 1.73x 1.56x 1.24x 1.21x 1.13x
EV / EBITDA 6.19x 3.71x 6.85x 11.3x 12.4x 9.57x 9.06x 7.91x
EV / EBIT 6.72x 3.89x 7.24x 11.9x 13.3x 11.4x 10.8x 10x
EV / FCF 121x 65.1x 9.04x 31.4x 16.3x 11.7x 15.4x -
FCF Yield 0.83% 1.54% 11.1% 3.19% 6.14% 8.56% 6.49% -
Dividend per Share 2 0.8 0.925 1.025 1.2 1.6 1.792 1.918 2.107
Rate of return 0.95% 1.37% 0.95% 0.63% 0.94% 1.33% 1.42% 1.56%
EPS 2 11.41 16.51 13.82 14.34 11.57 10.42 11.46 13.8
Distribution rate 7.01% 5.6% 7.42% 8.37% 13.8% 17.2% 16.7% 15.3%
Net sales 1 27,774 33,480 35,460 36,801 34,250 32,786 34,356 36,928
EBITDA 1 5,212 7,253 5,486 5,645 4,324 4,262 4,571 5,256
EBIT 1 4,802 6,924 5,188 5,348 4,033 3,578 3,841 4,140
Net income 1 4,176 5,858 4,746 4,756 3,585 2,969 3,100 3,514
Net Debt 1 2,202 3,526 1,221 1,401 2,980 3,031 3,669 3,842
Reference price 2 83.97 67.35 107.47 190.77 169.47 135.00 135.00 135.00
Nbr of stocks (in thousands) 358,194 347,481 338,297 325,839 298,124 279,701 - -
Announcement Date 9/11/21 9/11/22 7/11/23 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.($)
12.95x1.24x9.57x1.33% 37.76B
11.46x1.33x7.98x0.89% 21.69B
16.44x0.72x11.17x2.51% 18.95B
9.66x0.91x8.57x4.18% 16.84B
16.71x1.71x11.79x-.--% 15.97B
9.51x0.8x8.65x4.38% 13.61B
10.74x1.28x7.75x0.75% 12.59B
12.8x0.79x6.33x3.28% 6.4B
Average 12.54x 1.10x 8.98x 2.16% 17.98B
Weighted average by Cap. 12.69x 1.14x 9.28x 1.93%

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