D.R. Horton Inc.
Find Ratings ReportsD R HORTON INC's gross profit margin for the first quarter of its fiscal year 2024 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased.
During the same period, stockholders' equity ("net worth") has increased by 14.88% from the same quarter last year.
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Income Statement | Q1 FY24 | Q1 FY23 |
---|---|---|
Net Sales ($mil) | 7750.9 | 7273.1 |
EBITDA ($mil) | 1216.1 | 1264.6 |
EBIT ($mil) | 1196.1 | 1244.8 |
Net Income ($mil) | 947.4 | 958.7 |
Balance Sheet | Q1 FY24 | Q1 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 3344.6 | 2612.5 |
Total Assets ($mil) | 33381.6 | 30264.5 |
Total Debt ($mil) | 5334.9 | 5738.2 |
Equity ($mil) | 23153.4 | 20153.3 |
Profitability | Q1 FY24 | Q1 FY23 |
---|---|---|
Gross Profit Margin | 26.46 | 27.52 |
EBITDA Margin | 15.68 | 17.38 |
Operating Margin | 15.43 | 17.12 |
Sales Turnover | 1.08 | 1.11 |
Return on Assets | 14.18 | 18.75 |
Return on Equity | 20.45 | 28.16 |
Debt | Q1 FY24 | Q1 FY23 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.19 | 0.22 |
Interest Expense | 42.6 | 46.2 |
Interest Coverage | 28.08 | 26.94 |
Share Data | Q1 FY24 | Q1 FY23 |
---|---|---|
Shares outstanding (mil) | 332.19 | 343.28 |
Div / share | 0.3 | 0.25 |
EPS | 2.82 | 2.76 |
Book value / share | 69.7 | 58.71 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 2556980.0 | 2704169.0 |
BUY. The current P/E ratio indicates a premium compared to an average of 10.71 for the Construction of Buildings subsector and a significant discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 2.16 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 2.28. The current price-to-sales ratio is well below the S&P 500 average, but above the subsector average. The valuation analysis reveals that, D R HORTON INC appears to be valued on par with the investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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DHI 10.81 | Peers 10.71 | DHI 15.07 | Peers 13.81 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. DHI is trading at a valuation on par with its peers. |
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. DHI is trading at a valuation on par to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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DHI 9.64 | Peers 7.97 | DHI 4.98 | Peers 2.42 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. DHI is trading at a significant premium to its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. DHI trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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DHI 2.16 | Peers 2.28 | DHI -13.83 | Peers -9.42 | |||||||||||||||||||||
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. DHI is trading at a valuation on par with its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, DHI is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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DHI 1.39 | Peers 1.33 | DHI 6.75 | Peers 0.52 | |||||||||||||||||||||
Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. DHI is trading at a valuation on par with its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. DHI has a sales growth rate that significantly exceeds its peers. |
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