Dream Finders Homes, Inc.

Consumer Discretionary
Homebuilding
www.dreamfindershomes.com

Earnings Score
Moat Score

Market Cap $2.88B
PE 10
Debt $NaN
Cash $232.85M
EV $NaN
FCF -$365.95M

Earnings

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Sales & Net Margins

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Earnings	$294.54M
EBIT	$404.69M
ROE	26%
ROA	12%
FCF	-$365.95M
Equity	$1.12B
Growth Stability	100%
PE	9.79
PEG	0.21
PB	2.58
P/FCF	-7.88
P/S	0.72
Price/Cash	0.08
Net Margins	7%
Op. Margins	10%
Earnings CAGR	46%
Sales Growth YoY	12%
Sales Growth QoQ	-5%
Sales CAGR	42%
FCF CAGR	17%
Equity CAGR	59%
Earnings Stability	0.18

Earnings Growth YoY	-8%
Earnings Growth QoQ	-13%
Earnings CAGR 5Y	46%
Sales CAGR 5Y	42%
FCF CAGR 5Y	17%
Equity CAGR 5Y	59%
Earnings CAGR 3Y	27%
Sales CAGR 3Y	27%
FCF CAGR 3Y	23%
Equity CAGR 3Y	29%
Market Cap	$2.88B
Revenue	$4.03B
Assets	$3.32B
Cash	$232.85M
Shares Outstanding	93.32M
Earnings Score	11%
Moat Score	92%
Shares Growth 3y	0%
Equity Growth QoQ	6%
Equity Growth YoY	14%

Assets & ROA

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Stockholders Equity & ROE

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Dream Finders Homes Inc is engaged in the home building business. It designs, builds, and sells homes in Jacksonville, Orlando, Denver, the Washington D.C. metropolitan area, and Austin. The company operates through six geographical divisions namely, Jacksonville, Orlando, Denver, Washington DC (Capital), and the Carolinas (H&H Homes), Jet Home Loans LLC. Jacksonville division generates most of the revenue for the firm.

SEC Filings

Direct access to Dream Finders Homes, Inc. (DFH) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Dream Finders Homes, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Dream Finders Homes, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 46%

Stability 18%

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Dream Finders Homes, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Dream Finders Homes, Inc..

Years

Calculation mode

= -$12B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$366M	-$430M	-$505M	-$593M	-$697M	-$818M	-$961M	-$1.1B	-$1.3B	-$1.6B	-$1.8B	-$18B
DCF		-$391M	-$417M	-$446M	-$476M	-$508M	-$542M	-$579M	-$618M	-$660M	-$705M	-$7.1B
Value	-$12B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	5%	7%	6%	7%	8%	7%
ROA	-	12%	9%	15%	16%	12%
ROE	-	37%	21%	31%	26%	26%

Bad Net Margins (6.78%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	0.32	0.05	-	-	-
Debt over Equity	-	0.14	0.01	-	-	-
Growth Stability	-	-	-	100%	100%	100%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	52%	70%	74%	12%	42%
Earnings YoY growth	-	102%	49%	111%	14%	46%
Equity YoY growth	-	31%	162%	44%	36%	59%
FCF YoY growth	-	241%	-34%	-153%	-1K%	17%