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DFH - Dream Finders Homes, Inc.

NASDAQ -> Consumer Cyclical -> Residential Construction
Jacksonville, United States
Type: Equity

DFH price evolution
DFH
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $548.46 $363.3 $325.59 $297.45
Short term investments
Net receivables $30.87 $33.31 $31.43 $33.56
Inventory $1440.25 $1473.92 $1417.26 $1434.86
Total current assets $1965.27 $1837.3 $528.91 $596.3
Long term investments
Property, plant & equipment $27.32 $29.2 $29.57 $30.76
Goodwill & intangible assets $172.21 $172.21 $172.21 $172.21
Total noncurrent assets
Total investments $15.36 $14.3 $13.95 $13.49
Total assets $2562.44 $2384.05 $2288.23 $2308.8
Current liabilities
Accounts payable $134.12 $137.15 $124.19 $134.74
Deferred revenue
Short long term debt
Total current liabilities $535.19 $446 $399.58 $428.37
Long term debt $824.3 $849.1 $875.67 $915.99
Total noncurrent liabilities
Total debt $845.42 $871.55 $897.97 $939.79
Total liabilities $1476.29 $1397.98 $1368.75 $1458.32
Shareholders' equity
Retained earnings $648.41 $549.84 $476.66 $411.49
Other shareholder equity
Total shareholder equity $1073.08 $970.7 $904.98 $835.87
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $548.46 $395.13 $281.32 $85.21
Short term investments
Net receivables $30.87 $43.49 $33.48
Inventory $1440.25 $203.08 $1066.66 $484.37
Total current assets $1965.27 $611.1 $365.59 $635.85
Long term investments
Property, plant & equipment $27.32 $1206.53 $26.29 $18.86
Goodwill & intangible assets $172.21 $177.21 $181.07 $31.23
Total noncurrent assets $97.83
Total investments $15.36 $14.01 $15.97 $4.55
Total assets $2562.44 $2371.14 $1894.25 $733.68
Current liabilities
Accounts payable $134.12 $134.7 $113.5 $37.42
Deferred revenue
Short long term debt
Total current liabilities $535.19 $489.07 $450.38 $521.66
Long term debt $824.3 $966.25 $763.43 $319.9
Total noncurrent liabilities $76.23
Total debt $845.42 $990.91 $783.26 $334.29
Total liabilities $1476.29 $1583.41 $1337.86 $521.66
Shareholders' equity
Retained earnings $648.41 $365.99 $118.19
Other shareholder equity $31.94
Total shareholder equity $1073.08 $787.72 $103.85
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $1138 $895.83 $945.34 $769.42
Cost of revenue $902.33 $709.29 $762.86 $637.34
Gross Profit $235.67 $186.54 $182.48 $132.08
Operating activities
Research & development
Selling, general & administrative $94.36 $79.96 $73.71 $60.76
Total operating expenses $94.36 $79.96 $73.71 $60.76
Operating income $141.31 $106.58 $108.78 $71.31
Income from continuing operations
EBIT $135.43 $103.76 $95.85 $69.39
Income tax expense $30.48 $24.16 $24.21 $17.64
Interest expense
Net income
Net income $104.95 $79.6 $71.64 $51.75
Income (for common shares) $104.95 $79.6 $71.64 $51.75
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $3748.59 $3342.34 $1923.91 $1133.81
Cost of revenue $3011.81 $2722.14 $1610.33 $962.93
Gross Profit $736.77 $620.2 $313.58 $170.88
Operating activities
Research & development
Selling, general & administrative $308.8 $271.04 $154.4 $90.79
Total operating expenses $308.8 $271.04 $154.32 $94.81
Operating income $427.98 $349.16 $159.26 $76.07
Income from continuing operations
EBIT $404.43 $356.19 $162.72 $85.38
Income tax expense $96.48 $81.86 $27.45
Interest expense $0.03 $0.67 $0.87
Net income
Net income $307.94 $274.3 $134.59 $84.51
Income (for common shares) $307.94 $274.3 $134.59 $84.51
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $104.95 $79.6 $71.64 $51.75
Operating activities
Depreciation $4.47 $4.49 $4.5 $4.42
Business acquisitions & disposals $0.23 -$0.3
Stock-based compensation $3.81 $3.81 $4.04 $2.43
Total cash flows from operations $219.47 $86.98 $103.38 -$35.59
Investing activities
Capital expenditures -$0.71 -$0.75 -$1.59 -$1.36
Investments
Total cash flows from investing -$0.48 -$1.05 -$1.59 -$1.36
Financing activities
Dividends paid
Sale and purchase of stock -$0.32
Net borrowings -$25.16 -$31.39 -$40.32 -$50.38
Total cash flows from financing -$33.84 -$48.21 -$73.64 -$60.73
Effect of exchange rate
Change in cash and equivalents $185.16 $37.71 $28.14 -$97.68
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $307.94 $274.3 $134.59 $84.51
Operating activities
Depreciation $17.9 $17.09 $9.85 $7.85
Business acquisitions & disposals -$0.07 -$0.13 -$519.46 -$16.83
Stock-based compensation $14.1 $6.8 $5.23 $0.95
Total cash flows from operations $374.23 -$27.62 $65.11 $95.34
Investing activities
Capital expenditures -$4.41 -$5.39 -$2.27 -$2.68
Investments -$1.31 $6.49
Total cash flows from investing -$4.48 -$5.52 -$523.04 -$13.03
Financing activities
Dividends paid
Sale and purchase of stock -$0.32 $143.63
Net borrowings -$147.25 $197.42 $439.12 -$31.62
Total cash flows from financing -$216.42 $146.96 $645.88 -$65.83
Effect of exchange rate
Change in cash and equivalents $153.33 $113.81 $187.95 $16.48
Fundamentals
Market cap $3.91B
Enterprise value $4.21B
Shares outstanding 93.11M
Revenue $3.75B
EBITDA $422.32M
EBIT $404.43M
Net Income $307.94M
Revenue Q/Q 3.50%
Revenue Y/Y 12.15%
P/E ratio 12.69
EV/Sales 1.12
EV/EBITDA 9.96
EV/EBIT 10.40
P/S ratio 1.04
P/B ratio 3.64
Book/Share 11.53
Cash/Share 5.89
EPS $3.31
ROA 12.91%
ROE 32.55%
Debt/Equity 1.38
Net debt/EBITDA 2.20
Current ratio 3.67
Quick ratio 0.98