Smith Douglas Homes Corp. (SDHC) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+1320.0%

$147.89

vs $10.42 price

Levered DCF

$130.46

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.89

Grey zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	14.09×	14.09×	1.72×	1.51×	3.39×
P/B	1.74×	3.08×	1.02×	1.29×	2.22×
P/S	0.16×	0.23×	0.28×	0.28×	0.41×
EV / EBITDA	12.27×	10.82×	10.29×	8.61×	19.71×
Gross margin	21.8%	26.2%	28.3%	29.5%	23.7%
Operating margin	7.5%	12.2%	16.2%	18.5%	11.3%
Net margin	1.1%	1.6%	16.1%	18.6%	12.1%
Current ratio	18.64×	8.75×	9.72×	4.67×	1.86×
Debt / equity	0.85×	0.16×	0.38×	0.11×	0.78×
Interest coverage	22.66×	47.87×	74.72×	140.17×	33.88×
Dividend yield	18.8%	17.6%	37.1%	33.7%	19.3%
Payout ratio	265.6%	248.6%	64.0%	50.9%	65.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	12.3%	21.8%	59.0%	85.4%	65.5%
Return on invested capital	13.1%	26.6%	38.4%	71.5%	32.1%
Return on assets	1.9%	3.4%	34.9%	62.9%	31.1%
Free cash flow yield	-24.4%	6.7%	35.3%	61.7%	14.2%
Earnings yield	7.1%	7.1%	58.0%	66.2%	29.5%
Enterprise value	$940.7M	$1.3B	$1.3B	$1.2B	$1.3B
Net debt / EBITDA	0.8×	-0.08×	0.47×	-0.08×	0.75×
Cash conversion cycle (days)	149	138	135	90	120