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Smith Douglas Homes Corp. (SDHC) 10-Year Financial Performance & Capital Metrics

SDHC • • REIT / Real Estate
Real EstateReal Estate DevelopmentResidential Land DevelopmentSingle-Family Home Builders
AboutSmith Douglas Homes Corp. engages in the design, construction, and sale of single-family homes in the southeastern United States. The company operates in metropolitan Atlanta, Birmingham, Charlotte, Huntsville, Nashville, Raleigh-Durham, and Houston. It also provides closing, escrow, and title insurance services. The company was founded in 2008 and is headquartered in Woodstock, Georgia.Show more
  • Revenue $975M +27.6%
  • FFO $18M -85.6%
  • FFO/Share 2.02 -16.5%
  • FFO Payout 223.25% +252.1%
  • FFO per Share 2.02 -16.5%
  • NOI Margin 26.2% -7.4%
  • FFO Margin 1.83% -88.7%
  • ROE 5.26% -92.0%
  • ROA 3.88% -90.9%
  • Debt/Assets 2.54% -88.7%
  • Net Debt/EBITDA -0.09 -118.0%
  • Book Value/Share 45.41 +1014.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Excellent 3Y average ROE of 59.8%
  • ✓Share count reduced 82.8% through buybacks
  • ✓Trading at only 0.5x book value

✗Weaknesses

  • ✗FFO declining 68.1% TTM
  • ✗Dividend exceeds FFO - may not be sustainable
  • ✗Low NOI margin of 26.2%
  • ✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y23.42%
TTM10.26%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-36.42%
TTM-72.92%

EPS CAGR

10Y-
5Y-
3Y8.17%
TTM-63.6%

ROCE

10Y Avg56.92%
5Y Avg56.92%
3Y Avg58.2%
Latest31.81%

Peer Comparison

Single-Family Home Builders
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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TTM Growth
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
SDHCSmith Douglas Homes Corp.198.84M22.0512.1827.57%1.13%2.64%7.67%0.03

Profit & Loss

Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+518.86M755.35M764.63M975.46M
Revenue Growth %-0.46%0.01%0.28%
Property Operating Expenses395.92M532.6M548.3M719.92M
Net Operating Income (NOI)+----
NOI Margin %----
Operating Expenses+64.23M83.01M92.44M136.38M
G&A Expenses64.23M83.01M92.44M136.38M
EBITDA+60.17M140.61M124.97M120.98M
EBITDA Margin %----
Depreciation & Amortization+1.45M864K1.08M1.82M
D&A / Revenue %----
Operating Income+58.72M139.75M123.89M119.16M
Operating Margin %----
Interest Expense+1.73M997K1.66M2.49M
Interest Coverage33.88x140.17x74.72x47.87x
Non-Operating Income-5.55M-1.69M-953K-223K
Pretax Income+62.53M146.05M123.18M116.89M
Pretax Margin %----
Income Tax+05.6M05.07M
Effective Tax Rate %----
Net Income+62.53M140.44M123.18M16.07M
Net Margin %----
Net Income Growth %-1.25%-0.12%-0.87%
Funds From Operations (FFO)+----
FFO Margin %----
FFO Growth %-1.21%-0.12%-0.86%
FFO per Share+----
FFO Payout Ratio %----
EPS (Diluted)+1.433.222.401.81
EPS Growth %-1.25%-0.25%-0.25%
EPS (Basic)7.0715.882.401.82
Diluted Shares Outstanding43.59M43.59M51.28M8.85M

Balance Sheet

Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+201.19M223.37M352.69M475.9M
Asset Growth %-0.11%0.58%0.35%
Real Estate & Other Assets+28.35M38.91M9.08M5.71M
PP&E (Net)2.09M3.35M3.33M12.67M
Investment Securities1000K1000K1000K0
Total Current Assets+168.44M171.67M304.01M420.89M
Cash & Equivalents25.34M29.6M19.78M22.36M
Receivables001000K1000K
Other Current Assets3.61M000
Intangible Assets0000
Total Liabilities105.67M58.86M143.79M74.17M
Total Debt+74.41M18.39M78.98M12.07M
Net Debt49.07M-11.21M59.21M-10.29M
Long-Term Debt1.49M15M75.63M3.06M
Short-Term Borrowings1000K1000K938K0
Capital Lease Obligations920K2.08M1.84M9.01M
Total Current Liabilities+90.53M36.77M31.29M48.08M
Accounts Payable8.82M10.94M17.32M17.23M
Deferred Revenue0005.3M
Other Liabilities12.73M5.01M35.04M14.02M
Total Equity+95.52M164.51M208.9M401.73M
Equity Growth %-0.72%0.27%0.92%
Shareholders Equity95.52M164.51M208.9M73.63M
Minority Interest000328.1M
Common Stock95.52M164.51M208.9M5K
Additional Paid-in Capital00058.21M
Retained Earnings00015.42M
Preferred Stock0000
Return on Assets (ROA)0.31%0.66%0.43%0.04%
Return on Equity (ROE)0.65%1.08%0.66%0.05%
Debt / Assets0.37%0.08%0.22%0.03%
Debt / Equity0.78x0.11x0.38x0.03x
Net Debt / EBITDA0.82x-0.08x0.47x-0.09x
Book Value per Share2.193.774.0745.41

Cash Flow

Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+30.87M132.09M76.26M19.13M
Operating CF Growth %-3.28%-0.42%-0.75%
Operating CF / Revenue %----
Net Income62.53M140.44M123.18M111.83M
Depreciation & Amortization987K864K1.08M1.82M
Stock-Based Compensation0003.02M
Other Non-Cash Items-2.26M3.51M3.48M5.88M
Working Capital Changes-30.39M-12.73M-51.49M-103.78M
Cash from Investing+847K361K-76.83M-4.71M
Acquisitions (Net)-844K40K-75.86M0
Purchase of Investments0-9K00
Sale of Investments01000K00
Other Investing2.42M0341K-819K
Cash from Financing+-38.54M-128.19M-9.25M-11.84M
Dividends Paid-40.99M-71.45M-78.79M-39.95M
Common Dividends-40.99M-71.45M-78.79M-39.95M
Debt Issuance (Net)1000K-1000K1000K-1000K
Share Repurchases000-2.6M
Other Financing-2M287K-85K-66.69M
Net Change in Cash+-6.82M4.26M-9.82M2.59M
Exchange Rate Effect0000
Cash at Beginning32.16M25.34M29.6M19.78M
Cash at End25.34M29.6M19.78M22.36M
Free Cash Flow+30.14M131.09M74.95M15.24M
FCF Growth %-3.35%-0.43%-0.8%
FCF / Revenue %----

Key Ratios

Metric2021202220232024
FFO per Share1.473.242.422.02
FFO Payout Ratio64.06%50.56%63.41%223.25%
NOI Margin23.7%29.49%28.29%26.2%
Net Debt / EBITDA0.82x-0.08x0.47x-0.09x
Debt / Assets36.99%8.23%22.39%2.54%
Interest Coverage33.88x140.17x74.72x47.87x
Book Value / Share2.193.774.0745.41
Revenue Growth-45.58%1.23%27.57%

Revenue by Segment

2024
Central365.84M
Central Growth-

Revenue by Geography

2024
Southeast609.62M
Southeast Growth-
Central365.84M
Central Growth-

Frequently Asked Questions

Valuation & Price

Smith Douglas Homes Corp. (SDHC) has a price-to-earnings (P/E) ratio of 12.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Smith Douglas Homes Corp. (SDHC) reported $998.2M in revenue for fiscal year 2024. This represents a 92% increase from $518.9M in 2021.

Smith Douglas Homes Corp. (SDHC) grew revenue by 27.6% over the past year. This is strong growth.

Yes, Smith Douglas Homes Corp. (SDHC) is profitable, generating $11.3M in net income for fiscal year 2024 (1.6% net margin).

Dividend & Returns

Yes, Smith Douglas Homes Corp. (SDHC) pays a dividend with a yield of 20.48%. This makes it attractive for income-focused investors.

Smith Douglas Homes Corp. (SDHC) has a return on equity (ROE) of 5.3%. This is below average, suggesting room for improvement.

Industry Metrics

Smith Douglas Homes Corp. (SDHC) generated Funds From Operations (FFO) of $13.7M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Smith Douglas Homes Corp. (SDHC) offers a 20.48% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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