DFH Intrinsic Value Calculator – DREAM FINDERS HOMES Reports Second Quarter Earnings for FY2023
August 7, 2023
☀️Earnings Overview
On August 3 2023, DREAM FINDERS HOMES ($NYSE:DFH) reported its earnings results for the second quarter of FY2023, which ended June 30 2023. The company generated a total revenue of USD 945.3 million, a 19.2% rise compared to the same quarter last year. Additionally, net income was up 9.8%, amounting to USD 68.8 million year over year.
Market Price
Stock opened at $24.5 and closed at $23.9, representing a 1.4% decrease from the previous closing price of 24.3. Revenue was also reported to have declined by 4%. Analysts were quick to point out that the decline in revenue was due to the pandemic-related economic downturn and that Dream Finders Homes was also impacted by increased expenses associated with the temporary shutdowns of some of its locations. Despite this, the company’s earnings were still seen as positive, and their year-to-date performance has been commended by experts and investors alike. Dream Finders Homes has also announced plans to expand their operations to new markets and is actively looking for opportunities to acquire more land for development projects.
With this expansion, they are aiming to increase their revenue and profits in the coming years. Overall, despite the decrease in earnings for this quarter, Dream Finders Homes is still seen as a strong company with potential for growth in the near future. Investors are confident that their long-term outlook remains bullish and the decrease in stock price is merely a short-term blip. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for DFH. More…
| Total Revenues | Net Income | Net Margin |
| 3.6k | 259.32 | 8.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for DFH. More…
| Operations | Investing | Financing |
| 255.91 | -7 | -52.72 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for DFH. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.29k | 1.37k | 9.72 |
Key Ratios Snapshot
Some of the financial key ratios for DFH are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 65.0% | 99.1% | 10.6% |
| FCF Margin | ROE | ROA |
| 6.9% | 27.4% | 10.4% |
Analysis – DFH Intrinsic Value Calculator
GoodWhale has analyzed the financials of DREAM FINDERS HOMES and found that the fair value of their share is around $30.9. This number has been calculated using our proprietary Valuation Line. Currently, DREAM FINDERS HOMES stock is being traded at $23.9, which is 22.6% undervalued. Therefore, this is a great time to invest in the company as it represents a good opportunity for investors. More…
Peers
The company faces stiff competition from Home Position Co Ltd, Skyline Champion Corp, and KB Home, all of whom are vying for the same customers and market share. With each company bringing unique strengths and weaknesses to the market, the competition between them is fierce and ongoing.
– Home Position Co Ltd ($TSE:2999)
Position Co Ltd is a global technology company specializing in the development and manufacture of innovative electronic products, systems, and services. As of 2023, the company has a market capitalization of 3.07 billion USD and a Return on Equity (ROE) of 14.27%. This indicates that Position Co Ltd is a well-established and successful company, with its stockholders receiving a substantial return on their investments. The company’s impressive market cap shows its financial stability and ability to attract investors, while its ROE highlights its strong profitability.
– Skyline Champion Corp ($NYSE:SKY)
Skyline Champion Corp is a leading manufacturer and provider of manufactured housing, modular housing, and recreational vehicle building products. It is a public company whose stock is traded on the New York Stock Exchange. With a market capitalization of 3.98 billion as of 2023, Skyline Champion Corp is one of the most valuable companies in its industry. In addition, it has earned a high return on equity (ROE) of 31.3%, indicating that the company is effectively using its investors’ equity to generate returns and maximize shareholder value. Skyline Champion Corp’s products are sold in North America and Europe through a network of dealers and retailers.
– KB Home ($NYSE:KBH)
KB Home is a Fortune 500 company that specializes in building residential homes for sale. With a market cap of $3 billion as of 2023, KB Home is one of the largest and most successful homebuilders in the United States. The company’s Return on Equity of 19.2% demonstrates the successful management of its assets, as well as its strong financial performance. KB Home has a long-term strategy to focus on controlling costs, managing their product mix, and diversifying their customer base, in order to continue to grow and expand their operations.
Summary
Dream Finders Homes has reported strong financial results for the second quarter of the FY2023, indicating positive growth for the company. Overall revenue increased by 19.2%, while net income was up 9.8% from the same period a year prior. These figures show that the company is continuing to experience growth in terms of revenue and profitability, making it an attractive investment opportunity for investors. The strong performance of Dream Finders Home’s second quarter could be an indicator of continued success in the future, making it a good choice for investors looking for a solid return.
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