D.r. Horton Intrinsic Value Calculator – D.R. HORTON’s Fourth Quarter Revenue Rises 8.9% Year-Over-Year to USD 10.5 Billion

🌥️Earnings Overview

On November 7, 2023, D.R. HORTON ($NYSE:DHI) released its earnings report for the fourth quarter of FY2023. Total revenue for the period was USD 10.5 billion, a 8.9% increase year-on-year. However, net income was at USD 1.5 billion, a 7.4% decline compared to the same quarter in the prior year.

Analysis – D.r. Horton Intrinsic Value Calculator

GoodWhale has conducted an in-depth analysis of the fundamentals of D.R. HORTON, one of the biggest homebuilders in the United States. According to our proprietary Valuation Line, the fair value of the company’s share is around $110.2. Currently, D.R. HORTON stock is traded at $121.2, which implies that the stock is overvalued by 10.0%. Although the stock appears to be overvalued, investors can still benefit from its long-term growth potential as the company is expected to benefit from an increase in housing demand due to the low interest rate environment. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for D.r. Horton. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for D.r. Horton. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for D.r. Horton. More…

Key Ratios Snapshot

Some of the financial key ratios for D.r. Horton are shown below. More…

Peers

The competition in the homebuilding industry is fierce, with many large companies vying for market share. D.R. Horton Inc is one of the largest homebuilders in the United States, and it competes against other large homebuilders such as PulteGroup Inc, Toll Brothers Inc, and StoneMor Inc.

– PulteGroup Inc ($NYSE:PHM)

PulteGroup is one of the largest homebuilders in the United States. The company has a market cap of $9.17 billion as of 2022 and a return on equity of 24.25%. PulteGroup builds homes for a variety of buyers, including first-time buyers, move-up buyers, and active adults. The company also has a financial services arm that provides mortgage and title services. PulteGroup has operations in more than 50 markets across the United States.

– Toll Brothers Inc ($NYSE:TOL)

Toll Brothers Inc is a homebuilding company that was founded in 1967. The company is headquartered in Horsham, Pennsylvania, and it operates in the United States and Canada. As of 2022, the company has a market cap of 4.88B and a Return on Equity of 15.37%. The company builds single-family detached homes, townhomes, and condominiums. It also develops master-planned communities.

– StoneMor Inc ($NYSE:STON)

StoneMor Inc. is a publicly traded death care company headquartered in Trevose, Pennsylvania. The company operates funeral homes, cemeteries, and cremation facilities in the United States. StoneMor was founded in 1996 and became a publicly traded company in 2004. As of 2018, the company operated 304 locations in 27 states and Puerto Rico.

Summary

D.R. HORTON released its fourth quarter earnings report for FY2023 on November 7, 2023, with total revenue of USD 10.5 billion, representing an 8.9% year-over-year increase. Net income was USD 1.5 billion, a 7.4% decrease from the previous year. Investors may find these numbers encouraging, as the revenue increase shows the company is continuing to experience growth despite the pandemic’s impact on the wider economy. However, the net income decrease indicates that there may be some challenges that D.R. HORTON may need to address in order to continue expanding its operations in the future.