A Business at a Glance
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Dream Finders Homes, Inc.
DFH
$1.5B
Mkt Cap
$15.92
+8.82%
Dream Finders Homes, Inc. (DFH) has a current P/E ratio of 7.4, compared to its historical median P/E of 8.3. The stock is currently considered Fair based on its historical valuation range.
Dream Finders Homes, Inc. (DFH) has a 5-year average return on invested capital (ROIC) of 47.9%. This indicates strong capital allocation and a potential competitive advantage.
Dream Finders Homes, Inc. (DFH) has a market capitalization of $1.5B. It is classified as a small-cap stock.
Yes, Dream Finders Homes, Inc. (DFH) pays a dividend with a trailing twelve-month yield of 0.92%. The company also returns capital through share buybacks, with a buyback yield of 3.62%.
Based on historical P/E analysis, Dream Finders Homes, Inc. (DFH) appears fair. The current P/E of 7.4 is 11% below its historical median of 8.3. The estimated fair value CAGR (P/E method) is 49.5%.
Dream Finders Homes, Inc. (DFH) operates in the Operative Builders industry, within the Industrials sector.
Company Overview We design, build and sell homes primarily in high-growth markets using our asset-light lot acquisition strategy. Our primary focus is on constructing and selling single-family homes across entry-level, first-time move-up, second-time move-up and active adult homes. We also sell homes to third-party investors that intend to lease the homes (“built-for-rent contracts”). Our home offerings are marketed under various brands, including Dream Finders Homes, DF Luxury, Reverie Active Adult Lifestyle by Dream Finders Homes, Craft Homes and Coventry Homes.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.2B | 4.3B | 4.4B | 3.7B | 3.3B | 1.9B |
| Net Income | 162M | 204M | 322M | 282M | 248M | 118M |
| EPS | $1.61 | $2.14 | $3.34 | $2.79 | $2.45 | $1.27 |
| Free Cash Flow | -133M | -126M | -282M | 369M | -33M | 62M |
| ROIC | 4.9% | 13.0% | 22.6% | 69.2% | 111.0% | 23.5% |
| Gross Margin | - | 18.1% | - | 19.7% | 18.6% | 16.3% |
| Debt/Equity | 1.44 | 1.27 | 2.06 | 0.32 | 0.00 | 0.01 |
| Dividends/Share | $0.15 | $0.14 | $0.14 | $0.13 | $0.14 | $0.00 |
| Operating Income | 8.9M | 553M | 618M | 459M | 330M | 146M |
| Operating Margin | 0.2% | 12.8% | 13.9% | 12.2% | 9.9% | 7.6% |
| ROE | 11.5% | 15.3% | 29.7% | 36.0% | 47.4% | 46.5% |
| Shares Outstanding | 92M | 95M | 96M | 101M | 101M | 93M |
| Metric | ||||||||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 744M | 1.1B | 1.9B | 3.3B | 3.7B | 4.4B | 4.3B | 4.2B |
| Gross Margin | 13.8% | 15.1% | 16.3% | 18.6% | 19.7% | N/A | 18.1% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 64M | 90M | 154M | 266M | 303M | 395M | 485M | 479M |
| EBIT | 39M | 80M | 146M | 330M | 459M | 618M | 553M | 8.9M |
| Op. Margin | 5.3% | 7.1% | 7.6% | 9.9% | 12.2% | 13.9% | 12.8% | 0.2% |
| Net Income | 39M | 79M | 118M | 248M | 282M | 322M | 204M | 162M |
| Net Margin | 5.3% | 7.0% | 6.1% | 7.4% | 7.5% | 7.2% | 4.7% | 3.8% |
| Non-Recurring | 29K | 118K | 87K | 92K | 56K | 0 | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | N/A | 16.4% | 23.5% | 111.0% | 69.2% | 22.6% | 13.0% | 4.9% |
| ROE | N/A | 59.6% | 46.5% | 47.4% | 36.0% | 29.7% | 15.3% | 11.5% |
| ROA | N/A | 21.2% | 8.9% | 11.6% | 11.4% | 10.9% | 5.8% | 4.1% |
| Cash Flow | ||||||||
| Op. Cash Flow | 30M | 97M | 65M | -28M | 374M | -257M | -101M | -105M |
| Free Cash Flow | 28M | 94M | 62M | -33M | 369M | -282M | -126M | -133M |
| Owner Earnings | 26M | 92M | 54M | -46M | 342M | -299M | -151M | -154M |
| CapEx | 2.9M | 2.9M | 2.8M | 5.5M | 4.8M | 25M | 26M | 28M |
| Maint. CapEx | 3.0M | 4.0M | 6.1M | 11M | 19M | 24M | 26M | 28M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 1.4M | 87K | 266K |
| D&A | 3.0M | 4.0M | 6.1M | 11M | 19M | 24M | 26M | 28M |
| CapEx/OCF | N/A | N/A | 4.3% | N/A | 1.3% | N/A | N/A | 0.0% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 14M | 13M | 14M | 14M | 14M |
| Dividend Yield | N/A | N/A | N/A | 0.9% | 0.7% | 0.4% | 0.6% | 0.9% |
| Share Buybacks | 0 | 0 | 124M | 0 | 0 | 7.8M | 42M | 53M |
| Buyback Yield | N/A | N/A | 6.7% | N/A | N/A | 0.3% | 2.3% | 3.6% |
| Stock-Based Comp | 895K | 947K | 5.2M | 6.8M | 14M | 19M | 25M | 21M |
| Debt Repayment | 2.3M | 2.0M | 7.7M | 0 | 0 | 1.1B | 299M | 299M |
| Balance Sheet | ||||||||
| Net Debt | -38M | 749M | -224M | -365M | -194M | 2.3B | 1.6B | 1.6B |
| Cash & Equiv. | 51M | 44M | 227M | 365M | 494M | 274M | 235M | 435M |
| Long-Term Debt | 13M | 30M | 3.3M | 0 | 300M | 1.3B | 1.6B | 1.9B |
| Debt/Equity | N/A | 7.63 | 0.01 | 0.00 | 0.32 | 2.06 | 1.27 | 1.44 |
| Interest Coverage | 178.0 | 91.8 | 216.8 | 10302.8 | 5.7 | 3.1 | 2.0 | 2.0 |
| Equity | N/A | 104M | 401M | 645M | 925M | 1.2B | 1.4B | 1.4B |
| Total Assets | N/A | 734M | 1.9B | 2.4B | 2.6B | 3.3B | 3.7B | 4.0B |
| Total Liabilities | N/A | 522M | 1.3B | 1.6B | 1.5B | 1.9B | 2.1B | 2.4B |
| Intangibles | N/A | 2.7M | 9.1M | 5.0M | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | 0 | 118M | 366M | 648M | 970M | 1.2B | 1.2B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | 67M | 140M | 184M | 207M | 281M | 321M | 280M |
| Per Share Data | ||||||||
| EPS | 0.00 | 0.00 | 1.27 | 2.45 | 2.79 | 3.34 | 2.14 | 1.61 |
| Owner EPS | N/A | N/A | 0.58 | -0.45 | 3.37 | -3.11 | -1.59 | -1.66 |
| Book Value | N/A | N/A | 4.33 | 6.37 | 9.13 | 12.92 | 14.97 | 15.31 |
| Cash Flow/Share | N/A | N/A | 0.70 | -0.27 | 3.70 | -2.66 | -1.06 | 2.05 |
| Dividends/Share | N/A | N/A | 0.00 | 0.14 | 0.13 | 0.14 | 0.14 | 0.15 |
| Shares Out. | N/A | N/A | 92.5M | 101.1M | 101.2M | 96.4M | 95.2M | 92.4M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | 15.2 | 3.4 | 13.0 | 6.9 | 8.3 | 9.9 |
| P/FCF | N/A | N/A | 28.7 | N/A | 9.9 | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | 14.4 | 2.5 | 7.8 | 3.7 | 3.8 | 345.2 |
| Price/Book | N/A | N/A | 115.3 | 64.0 | 4.2 | 1.9 | 1.3 | 1.0 |
| Price/Sales | N/A | N/A | 1.1 | 0.5 | 0.6 | 0.7 | 0.6 | 0.3 |
| FCF Yield | N/A | N/A | 3.4% | -3.7% | 9.6% | -12.1% | -7.0% | -9.1% |
| Market Cap | N/A | N/A | 1.8B | 896M | 3.8B | 2.3B | 1.8B | 1.5B |
| Avg. Price | N/A | N/A | 22.02 | 14.36 | 20.01 | 32.08 | 23.52 | 15.92 |
| Year-End Price | N/A | N/A | 19.30 | 8.37 | 36.27 | 23.19 | 17.86 | 15.92 |
Dream Finders Homes, Inc. passes 8 of 9 quality checks, indicating strong fundamentals.
Dream Finders Homes, Inc. trades at 7.4x trailing earnings, compared to its 15-year median P/E of 8.3x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 47.9% with a gross margin of 18.2%. Total shareholder yield (dividends + buybacks) is 4.5%. At current prices, the estimated annualized return to fair value is +30.7%.
Dream Finders Homes, Inc. (DFH) reported annual revenue of $4.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
Dream Finders Homes, Inc. (DFH) has a net profit margin of 4.7%. This is a modest margin.
Dream Finders Homes, Inc. (DFH) generated $-126 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Dream Finders Homes, Inc. (DFH) has a debt-to-equity ratio of 1.27. This indicates moderate leverage.
Dream Finders Homes, Inc. (DFH) reported earnings per share (EPS) of $2.14 in its most recent fiscal year.
Dream Finders Homes, Inc. (DFH) has a return on equity (ROE) of 15.3%. This indicates the company generates strong returns for shareholders.
Dream Finders Homes, Inc. (DFH) has a 5-year average gross margin of 18.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 7 years of financial data for Dream Finders Homes, Inc. (DFH), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Dream Finders Homes, Inc. (DFH) has a book value per share of $14.97, based on its most recent annual SEC filing.