Financials Smith Douglas Homes Corp.

Equities

SDHC

US83207R1077

Homebuilding

Real-time Estimate Cboe BZX Other stock markets 03:51:38 2024-05-13 pm EDT			5-day change	1st Jan Change
29.65 ^USD	-1.56%		-1.07%	0.00%

Mar. 22	Wells Fargo Adjusts Smith Douglas Homes' Price Target to $30 From $25, Maintains Equalweight Rating	MT
Mar. 21	Wedbush Lowers Smith Douglas Homes' PT to $21 From $23 on More Conservative Volume Forecast, Keeps Neutral Rating	MT

Valuation

Fiscal Period: December	2024	2025
Capitalization ¹	266.4	-
Enterprise Value (EV) ¹	224.6	225.2
P/E ratio	14.4 x	9.9 x
Yield	-	-
Capitalization / Revenue	0.28 x	0.22 x
EV / Revenue	0.24 x	0.18 x
EV / EBITDA	1.74 x	1.22 x
EV / FCF	3.27 x	2.38 x
FCF Yield	30.6%	42%
Price to Book	3.68 x	2.76 x
Nbr of stocks (in thousands)	8,846	-
Reference price ²	30.12	30.12
Announcement Date	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2022	2023	2024	2025
Net sales ¹	755.4	764.6	948.9	1,238
EBITDA ¹	-	-	129.4	184.8
EBIT ¹	-	-	126.7	170.2
Operating Margin	-	-	13.35%	13.75%
Earnings before Tax (EBT) ¹	-	-	126.9	169.7
Net income ¹	140.4	123.2	73.42	104.9
Net margin	18.59%	16.11%	7.74%	8.47%
EPS ²	-	-	2.093	3.043
Free Cash Flow ¹	-	-	68.69	94.58
FCF margin	-	-	7.24%	7.64%
FCF Conversion (EBITDA)	-	-	53.1%	51.17%
FCF Conversion (Net income)	-	-	93.56%	90.21%
Dividend per Share ²	-	-	-	-
Announcement Date	9/6/23	3/19/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	187.7	217	255.9	288.3	212.5
EBITDA ¹	22.3	28.29	34.71	42.95	-
EBIT ¹	21.83	27.11	35.19	42.78	-
Operating Margin	11.63%	12.49%	13.75%	14.84%	-
Earnings before Tax (EBT) ¹	22.94	27.19	34.89	41.92	-
Net income ¹	9.21	11.2	13.78	17.2	-
Net margin	4.91%	5.16%	5.39%	5.97%	-
EPS ²	0.3700	0.4787	0.5738	0.6697	0.4300
Dividend per Share	-	-	-	-	-
Announcement Date	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2022	2023	2024	2025
Net Debt ¹	-	55.9	-	-
Net Cash position ¹	-	-	41.8	41.2
Leverage (Debt/EBITDA)	-	-	-	-
Free Cash Flow ¹	-	-	68.7	94.6
ROE (net income / shareholders' equity)	-	-	29.6%	26.6%
ROA (Net income/ Total Assets)	-	-	22%	23.7%
Assets ¹	-	-	333.1	441.8
Book Value Per Share ²	-	-	8.190	10.90
Cash Flow per Share ²	-	-	1.680	2.240
Capex ¹	-	-	1.19	1.66
Capex / Sales	-	-	0.13%	0.13%
Announcement Date	9/6/23	3/19/24	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Smith Douglas Homes Corp.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

30.12 USD

Average target price

28.6 USD

Spread / Average Target

-5.05%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Residential Builders - Single Homes

	1st Jan change	Capi.
SMITH DOUGLAS HOMES CORP.	0.00%	266M
LENNAR CORPORATION	+9.32%	44.98B
MERITAGE HOMES CORPORATION	+3.49%	6.55B
TRI POINTE HOMES, INC.	+12.34%	3.77B
M/I HOMES, INC.	-10.40%	3.42B
HOVNANIAN ENTERPRISES, INC.	+9.11%	1.04B
PT GOWA MAKASSAR TOURISM DEVELOPMENT TBK	+95.60%	295M
INVERSIONES CENTENARIO S.A.A.	+3.33%	242M
HUSCOMPAGNIET A/S	+18.28%	170M
HEXAOM	+13.85%	164M

Residential Builders - Single Homes