D.R. Horton, Inc.

D.R. Horton, Inc.

DHIยทNYSE

$144.50

-2.3%
Consumer CyclicalResidential Construction

D.R. Horton, Inc. operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 31 states and 98 markets under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, and Freedom Homes. The company constructs and sells single-family detached homes; and attached homes, such as town homes, duplexes, and triplexes. It also provides mortgage financing services; and title insurance policies, and examination and closing services, as well as engages in the residential lot development business. In addition, the company develops, constructs, owns, leases, and sells multi-family and single-family rental properties; owns non-residential real estate, including ranch land and improvements; and owns and operates energy related assets. It primarily serves homebuyers. D.R. Horton, Inc. was founded in 1978 and is headquartered in Arlington, Texas.

At a Glance

Live Snapshot
Market Cap$40.98B
EPS11.6200
P/E Ratio12.44
Earnings Date07/21/2026
D.R. Horton, Inc.

D.R. Horton, Inc. Fair Value Envelope

DHI ยท NYSE

Our analysis suggests that DHI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $144.5, this represents a potential HIDDEN relative to our calculated worth for D.R. Horton, Inc..

Intrinsic Value
Current Price: $144.5

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$3,947.8B
+ Cash & Equivalents$3.0B
Firm Value$3,950.8B
- Debt$6.0B
Equity Value$3,944.8B
/ Shares Outstanding294,475,153B
DCF Value$13.4K
UNDERVALUED BY 9171%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$5.5B
$9.0B
$14.6B
$23.7B
$38.4B
$62.3B
$101.0B
$163.8B
$265.7B
$430.9B
Maintenance CapEx
-$44.6M
-$72.3M
-$117.2M
-$190.1M
-$308.4M
-$500.2M
-$811.2M
-$1.3B
-$2.1B
-$3.5B
Owner Earnings
$5.5B
$8.9B
$14.5B
$23.5B
$38.1B
$61.8B
$100.2B
$162.5B
$263.5B
$427.4B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$5.1B
$7.7B
$11.5B
$17.3B
$25.9B
$38.9B
$58.5B
$87.8B
$131.8B
$198.0B
Terminal Value represents 85.2% of Enterprise Value