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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.17
DHI's Cash to Debt is ranked lower than
57% of the 470 Companies
in the Global Residential Construction industry.

( Industry Median: 0.54 vs. DHI: 0.17 )
DHI' s 10-Year Cash to Debt Range
Min: 0.01   Max: No Debt
Current: 0.17

Equity to Asset 0.51
DHI's Equity to Asset is ranked higher than
61% of the 462 Companies
in the Global Residential Construction industry.

( Industry Median: 0.49 vs. DHI: 0.51 )
DHI' s 10-Year Equity to Asset Range
Min: 0.3   Max: 0.52
Current: 0.51

0.3
0.52
Interest Coverage 128.31
DHI's Interest Coverage is ranked higher than
70% of the 290 Companies
in the Global Residential Construction industry.

( Industry Median: 35.41 vs. DHI: 128.31 )
DHI' s 10-Year Interest Coverage Range
Min: 0.23   Max: 148.46
Current: 128.31

0.23
148.46
F-Score: 6
Z-Score: 3.23
M-Score: -1.58
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 10.21
DHI's Operating margin (%) is ranked higher than
82% of the 475 Companies
in the Global Residential Construction industry.

( Industry Median: 5.30 vs. DHI: 10.21 )
DHI' s 10-Year Operating margin (%) Range
Min: -39.72   Max: 15.25
Current: 10.21

-39.72
15.25
Net-margin (%) 6.84
DHI's Net-margin (%) is ranked higher than
80% of the 475 Companies
in the Global Residential Construction industry.

( Industry Median: 3.75 vs. DHI: 6.84 )
DHI' s 10-Year Net-margin (%) Range
Min: -39.63   Max: 21.96
Current: 6.84

-39.63
21.96
ROE (%) 11.80
DHI's ROE (%) is ranked higher than
84% of the 472 Companies
in the Global Residential Construction industry.

( Industry Median: 6.19 vs. DHI: 11.80 )
DHI' s 10-Year ROE (%) Range
Min: -62.55   Max: 32.64
Current: 11.8

-62.55
32.64
ROA (%) 5.61
DHI's ROA (%) is ranked higher than
81% of the 476 Companies
in the Global Residential Construction industry.

( Industry Median: 2.79 vs. DHI: 5.61 )
DHI' s 10-Year ROA (%) Range
Min: -27.34   Max: 15.17
Current: 5.61

-27.34
15.17
ROC (Joel Greenblatt) (%) 12.63
DHI's ROC (Joel Greenblatt) (%) is ranked higher than
75% of the 476 Companies
in the Global Residential Construction industry.

( Industry Median: 8.62 vs. DHI: 12.63 )
DHI' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -45.58   Max: 59.78
Current: 12.63

-45.58
59.78
Revenue Growth (%) 7.50
DHI's Revenue Growth (%) is ranked higher than
75% of the 363 Companies
in the Global Residential Construction industry.

( Industry Median: 4.40 vs. DHI: 7.50 )
DHI' s 10-Year Revenue Growth (%) Range
Min: -37.6   Max: 39.1
Current: 7.5

-37.6
39.1
EBITDA Growth (%) 42.50
DHI's EBITDA Growth (%) is ranked higher than
94% of the 303 Companies
in the Global Residential Construction industry.

( Industry Median: 3.70 vs. DHI: 42.50 )
DHI' s 10-Year EBITDA Growth (%) Range
Min: 14.8   Max: 45.9
Current: 42.5

14.8
45.9
EPS Growth (%) 18.20
DHI's EPS Growth (%) is ranked higher than
75% of the 268 Companies
in the Global Residential Construction industry.

( Industry Median: 12.00 vs. DHI: 18.20 )
DHI' s 10-Year EPS Growth (%) Range
Min: 13.7   Max: 47.5
Current: 18.2

13.7
47.5
» DHI's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

DHI Guru Trades in Q3 2013

Pioneer Investments 967,491 sh (New)
Caxton Associates 624,189 sh (New)
Murray Stahl 16,736 sh (New)
Jim Simons 1,594,238 sh (New)
Lee Ainslie 2,397,988 sh (New)
Ken Fisher 160,300 sh (+27.42%)
Ken Heebner 10,400,000 sh (+20.09%)
Andreas Halvorsen Sold Out
Manning & Napier Advisors, Inc 798,032 sh (-0.13%)
Jeremy Grantham 24,500 sh (-12.81%)
Steven Cohen 32,434 sh (-35.07%)
Paul Tudor Jones 23,200 sh (-47.51%)
» More
Q4 2013

DHI Guru Trades in Q4 2013

Manning & Napier Advisors, Inc 3,720,702 sh (+366.23%)
Murray Stahl 25,628 sh (+53.13%)
Caxton Associates 933,100 sh (+49.49%)
Pioneer Investments 1,168,956 sh (+20.82%)
Ken Fisher 160,500 sh (+0.12%)
Louis Moore Bacon 100,000 sh (unchged)
Jeremy Grantham Sold Out
Lee Ainslie Sold Out
Paul Tudor Jones Sold Out
Ken Heebner 8,950,000 sh (-13.94%)
Jim Simons 1,148,238 sh (-27.98%)
Steven Cohen 12,326 sh (-62%)
» More
Q1 2014

DHI Guru Trades in Q1 2014

Paul Tudor Jones 14,400 sh (New)
Jean-Marie Eveillard 15,000 sh (New)
Louis Moore Bacon 89,542 sh (New)
Steven Cohen 58,035 sh (+370.83%)
Murray Stahl 36,666 sh (+43.07%)
Manning & Napier Advisors, Inc 4,359,034 sh (+17.16%)
Ken Heebner 9,760,000 sh (+9.05%)
Pioneer Investments 1,200,047 sh (+2.66%)
Jim Simons Sold Out
Ken Fisher 145,745 sh (-9.19%)
Caxton Associates 183,100 sh (-80.38%)
» More
Q2 2014

DHI Guru Trades in Q2 2014

Scott Black 240,661 sh (New)
Stanley Druckenmiller 494,429 sh (New)
Mario Gabelli 10,718 sh (New)
Caxton Associates 447,500 sh (+144.4%)
Pioneer Investments 1,541,192 sh (+28.43%)
Manning & Napier Advisors, Inc 4,361,572 sh (+0.06%)
Jean-Marie Eveillard Sold Out
Louis Moore Bacon Sold Out
Ken Fisher 140,650 sh (-3.5%)
Murray Stahl 33,344 sh (-9.06%)
Ken Heebner 8,832,900 sh (-9.5%)
Paul Tudor Jones 11,800 sh (-18.06%)
» More
» Details

Insider Trades

Latest Guru Trades with DHI

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Scott Black 2014-06-30 New Buy0.86%$21.35 - $24.61 $ 20.49-10%240661
Mario Gabelli 2014-06-30 New Buy$21.35 - $24.61 $ 20.49-10%10718
Jean-Marie Eveillard 2014-06-30 Sold Out $21.35 - $24.61 $ 20.49-10%0
Jean-Marie Eveillard 2014-03-31 New Buy$20.88 - $24.87 $ 20.49-9%15000
Lee Ainslie 2013-12-31 Sold Out 0.63%$17.69 - $21.93 $ 20.496%0
Lee Ainslie 2013-09-30 New Buy0.63%$17.77 - $22.98 $ 20.494%2397988
George Soros 2012-12-31 Sold Out 0.22%$18.39 - $22 $ 20.492%0
Charles Brandes 2012-09-30 Sold Out 0.01%$17.28 - $22.37 $ 20.497%0
George Soros 2012-06-30 New Buy0.17%$14.02 - $17.77 $ 20.4928%657000
Charles Brandes 2012-06-30 Reduce -93.71%0.09%$14.02 - $17.77 $ 20.4928%45211
Ray Dalio 2012-06-30 Sold Out 0.0036%$14.02 - $17.77 $ 20.4928%0
Ray Dalio 2012-03-31 New Buy$12.96 - $16.32 $ 20.4951%15400
Mario Gabelli 2011-12-31 Sold Out 0.0029%$8.45 - $12.78 $ 20.4982%0
John Keeley 2011-09-30 Sold Out 0.0122%$8.94 - $12.13 $ 20.4996%0
Ray Dalio 2011-09-30 Sold Out 0.01%$8.94 - $12.13 $ 20.4997%0
Ron Baron 2011-09-30 Sold Out 0.0014%$8.94 - $12.13 $ 20.4996%0
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 14.20
DHI's P/E(ttm) is ranked higher than
76% of the 499 Companies
in the Global Residential Construction industry.

( Industry Median: 23.10 vs. DHI: 14.20 )
DHI' s 10-Year P/E(ttm) Range
Min: 4.18   Max: 596.84
Current: 14.2

4.18
596.84
P/B 1.50
DHI's P/B is ranked higher than
55% of the 499 Companies
in the Global Residential Construction industry.

( Industry Median: 1.32 vs. DHI: 1.50 )
DHI' s 10-Year P/B Range
Min: 0.48   Max: 2.72
Current: 1.5

0.48
2.72
P/S 1.01
DHI's P/S is ranked higher than
59% of the 499 Companies
in the Global Residential Construction industry.

( Industry Median: 0.92 vs. DHI: 1.01 )
DHI' s 10-Year P/S Range
Min: 0.21   Max: 1.91
Current: 1.01

0.21
1.91
EV-to-EBIT 13.66
DHI's EV-to-EBIT is ranked higher than
74% of the 499 Companies
in the Global Residential Construction industry.

( Industry Median: 23.28 vs. DHI: 13.66 )
DHI' s 10-Year EV-to-EBIT Range
Min: 5.8   Max: 712.8
Current: 13.66

5.8
712.8
Shiller P/E 75.83
DHI's Shiller P/E is ranked higher than
78% of the 499 Companies
in the Global Residential Construction industry.

( Industry Median: 9999.00 vs. DHI: 75.83 )
DHI' s 10-Year Shiller P/E Range
Min: 4.82   Max: 261.4
Current: 75.83

4.82
261.4
Current Ratio 6.82
DHI's Current Ratio is ranked higher than
95% of the 465 Companies
in the Global Residential Construction industry.

( Industry Median: 1.93 vs. DHI: 6.82 )
DHI' s 10-Year Current Ratio Range
Min: 1.25   Max: 10.98
Current: 6.82

1.25
10.98
Quick Ratio 0.94
DHI's Quick Ratio is ranked higher than
58% of the 465 Companies
in the Global Residential Construction industry.

( Industry Median: 1.00 vs. DHI: 0.94 )
DHI' s 10-Year Quick Ratio Range
Min: 0.01   Max: 2.61
Current: 0.94

0.01
2.61

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.67
DHI's Dividend Yield is ranked lower than
82% of the 312 Companies
in the Global Residential Construction industry.

( Industry Median: 1.99 vs. DHI: 0.67 )
DHI' s 10-Year Dividend Yield Range
Min: 0.16   Max: 10.37
Current: 0.67

0.16
10.37
Dividend Payout 0.05
DHI's Dividend Payout is ranked higher than
99% of the 499 Companies
in the Global Residential Construction industry.

( Industry Median: 9999.00 vs. DHI: 0.05 )
DHI' s 10-Year Dividend Payout Range
Min: 0.02   Max: 0.95
Current: 0.05

0.02
0.95
Dividend growth (3y) -36.70
DHI's Dividend growth (3y) is ranked lower than
53% of the 176 Companies
in the Global Residential Construction industry.

( Industry Median: 1.70 vs. DHI: -36.70 )
DHI' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 53
Current: -36.7

0
53
Yield on cost (5-Year) 0.18
DHI's Yield on cost (5-Year) is ranked lower than
93% of the 322 Companies
in the Global Residential Construction industry.

( Industry Median: 2.15 vs. DHI: 0.18 )
DHI' s 10-Year Yield on cost (5-Year) Range
Min: 0.04   Max: 2.63
Current: 0.18

0.04
2.63
Share Buyback Rate -4.60
DHI's Share Buyback Rate is ranked higher than
56% of the 255 Companies
in the Global Residential Construction industry.

( Industry Median: -0.90 vs. DHI: -4.60 )
DHI' s 10-Year Share Buyback Rate Range
Min: 0.3   Max: -26.8
Current: -4.6

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.53
DHI's Price/Tangible Book is ranked higher than
58% of the 499 Companies
in the Global Residential Construction industry.

( Industry Median: 1.50 vs. DHI: 1.53 )
DHI' s 10-Year Price/Tangible Book Range
Min: 0.73   Max: 4.74
Current: 1.53

0.73
4.74
Price/DCF (Projected) 2.02
DHI's Price/DCF (Projected) is ranked higher than
77% of the 499 Companies
in the Global Residential Construction industry.

( Industry Median: 9999.00 vs. DHI: 2.02 )
DHI' s 10-Year Price/DCF (Projected) Range
Min: 0.36   Max: 170.95
Current: 2.02

0.36
170.95
Price/Median PS Value 1.22
DHI's Price/Median PS Value is ranked higher than
57% of the 499 Companies
in the Global Residential Construction industry.

( Industry Median: 1.20 vs. DHI: 1.22 )
DHI' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 2.05
Current: 1.22

0.3
2.05
Price/Graham Number 1.01
DHI's Price/Graham Number is ranked higher than
70% of the 499 Companies
in the Global Residential Construction industry.

( Industry Median: 1.36 vs. DHI: 1.01 )
DHI' s 10-Year Price/Graham Number Range
Min: 0.47   Max: 2.96
Current: 1.01

0.47
2.96
Earnings Yield (Greenblatt) 7.30
DHI's Earnings Yield (Greenblatt) is ranked higher than
65% of the 402 Companies
in the Global Residential Construction industry.

( Industry Median: 7.40 vs. DHI: 7.30 )
DHI' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 17.1
Current: 7.3

0.1
17.1
Forward Rate of Return (Yacktman) 1.98
DHI's Forward Rate of Return (Yacktman) is ranked higher than
65% of the 323 Companies
in the Global Residential Construction industry.

( Industry Median: 2.28 vs. DHI: 1.98 )
DHI' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 2   Max: 38.1
Current: 1.98

2
38.1

Business Description

Industry: Homebuilding & Construction » Residential Construction
Compare:MDC, TOL, DWAHY, DITFY, MTH » details
Traded in other countries:HO2.Germany
DR Horton Inc began its homebuilding business in 1978. In 1991, the Company was incorporated in Delaware to acquire the assets and businesses of its predecessor companies, which were residential home construction and development companies owned or controlled by Mr. Horton. In 1992, the Company completed its initial public offering of its common stock. It is engaged as a homebuilding companies in the United States. It constructs and sells homes through its operating divisions in 26 states and 77 metropolitan markets of the United States, mainly under the name of D.R. Horton, America's Builder. Through its financial services operations, it provides mortgage financing and title agency services to homebuyers in many of its homebuilding markets. DHI Mortgage, wholly-owned subsidiary, provides mortgage financing services to the purchasers of homes they build. Financial reporting segments consist of six homebuilding segments and a financial services segment. The Company has 29 separate homebuilding operating divisions, many of which operate in more than one market area. Each operating division is responsible for: Site selection, Negotiating lot option or similar contracts; Obtaining all necessary land development and home construction approvals; Overseeing land development; Selecting building plans and architectural schemes; Selecting and managing construction subcontractors and suppliers; Planning and managing homebuilding schedules; and Developing and implementing marketing plans. The Company offers optional interior and exterior features to allow homebuyers to enhance the basic home design and to allow the Company to generate additional revenues from each home sold. All of its construction work is performed by subcontractors. Construction time for its homes depends on the weather, availability of labor, materials and supplies, size of the home, and other factors. The homebuilding industry faces complex regulations.
» More Articles for DHI

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comment on DHI Nov 19 2012 


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