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Dream Finders Homes (MEX:DFH) Piotroski F-Score : 5 (As of Mar. 30, 2025)


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What is Dream Finders Homes Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Dream Finders Homes has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Dream Finders Homes's Piotroski F-Score or its related term are showing as below:

MEX:DFH' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 6
Current: 5

During the past 7 years, the highest Piotroski F-Score of Dream Finders Homes was 6. The lowest was 4. And the median was 6.


Dream Finders Homes Piotroski F-Score Historical Data

The historical data trend for Dream Finders Homes's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Dream Finders Homes Piotroski F-Score Chart

Dream Finders Homes Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 4.00 6.00 5.00

Dream Finders Homes Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 5.00 6.00 6.00 5.00

Competitive Comparison of Dream Finders Homes's Piotroski F-Score

For the Residential Construction subindustry, Dream Finders Homes's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Dream Finders Homes's Piotroski F-Score Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Dream Finders Homes's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Dream Finders Homes's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 904.396 + 1482.884 + 1391.139 + 2695.662 = MXN6,474 Mil.
Cash Flow from Operations was -4108.088 + -2026.148 + -4036.019 + 6391.334 = MXN-3,779 Mil.
Revenue was 13738.38 + 19341.394 + 19825.553 + 32550.575 = MXN85,456 Mil.
Gross Profit was 2475.497 + 3717.332 + 3890.862 + 5893.195 = MXN15,977 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(43495.475 + 45090.847 + 54689.245 + 65463.553 + 69421.347) / 5 = MXN55632.0934 Mil.
Total Assets at the begining of this year (Dec23) was MXN43,495 Mil.
Long-Term Debt & Capital Lease Obligation was MXN6,532 Mil.
Total Current Assets was MXN49,901 Mil.
Total Current Liabilities was MXN31,848 Mil.
Net Income was 884.829 + 1178.883 + 1325.526 + 1730.525 = MXN5,120 Mil.

Revenue was 13868.795 + 16206.797 + 15604.371 + 19316.643 = MXN64,997 Mil.
Gross Profit was 2380.67 + 3128.487 + 3224.151 + 3969.037 = MXN12,702 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(46227.687 + 41616.066 + 39229.135 + 41527.487 + 43495.475) / 5 = MXN42419.17 Mil.
Total Assets at the begining of last year (Dec22) was MXN46,228 Mil.
Long-Term Debt & Capital Lease Obligation was MXN5,347 Mil.
Total Current Assets was MXN34,281 Mil.
Total Current Liabilities was MXN17,729 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Dream Finders Homes's current Net Income (TTM) was 6,474. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Dream Finders Homes's current Cash Flow from Operations (TTM) was -3,779. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec23)
=6474.081/43495.475
=0.14884493

ROA (Last Year)=Net Income/Total Assets (Dec22)
=5119.763/46227.687
=0.11075101

Dream Finders Homes's return on assets of this year was 0.14884493. Dream Finders Homes's return on assets of last year was 0.11075101. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Dream Finders Homes's current Net Income (TTM) was 6,474. Dream Finders Homes's current Cash Flow from Operations (TTM) was -3,779. ==> -3,779 <= 6,474 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=6531.943/55632.0934
=0.11741322

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=5347.431/42419.17
=0.12606166

Dream Finders Homes's gearing of this year was 0.11741322. Dream Finders Homes's gearing of last year was 0.12606166. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec24)=Total Current Assets/Total Current Liabilities
=49901.454/31847.989
=1.56686358

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=34280.835/17728.957
=1.93360698

Dream Finders Homes's current ratio of this year was 1.56686358. Dream Finders Homes's current ratio of last year was 1.93360698. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Dream Finders Homes's number of shares in issue this year was 100.768. Dream Finders Homes's number of shares in issue last year was 106.65. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=15976.886/85455.902
=0.18696059

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=12702.345/64996.606
=0.1954309

Dream Finders Homes's gross margin of this year was 0.18696059. Dream Finders Homes's gross margin of last year was 0.1954309. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec23)
=85455.902/43495.475
=1.96470787

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=64996.606/46227.687
=1.40601034

Dream Finders Homes's asset turnover of this year was 1.96470787. Dream Finders Homes's asset turnover of last year was 1.40601034. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+0+1+0+1+0+1+0+1
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Dream Finders Homes has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Dream Finders Homes  (MEX:DFH) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Dream Finders Homes Piotroski F-Score Related Terms

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Dream Finders Homes Business Description

Traded in Other Exchanges
Address
14701 Philips Highway, Suite 300, Jacksonville, FL, USA, 32256
Dream Finders Homes Inc is engaged in the home building business. The company's primary focus is on constructing and selling single-family homes across entry-level, first-time move-up, second-time move-up, and active adult markets. Its homebuilding operations are organized into four reportable segments: Southeast, Mid-Atlantic, Midwest, and Financial Services. It generates the majority of its revenue from the Midwest segment.