DHI Free Cash Flow vs Invested Capital Analysis
DHI Stock | USD 145.74 0.31 0.21% |
DR Horton financial indicator trend analysis is much more than just examining DR Horton latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DR Horton is a good investment. Please check the relationship between DR Horton Free Cash Flow and its Invested Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DR Horton. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more detail on how to invest in DHI Stock please use our How to Invest in DR Horton guide.
Free Cash Flow vs Invested Capital
Free Cash Flow vs Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DR Horton Free Cash Flow account and Invested Capital. At this time, the significance of the direction appears to have very week relationship.
The correlation between DR Horton's Free Cash Flow and Invested Capital is 0.2. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Invested Capital in the same time period over historical financial statements of DR Horton, assuming nothing else is changed. The correlation between historical values of DR Horton's Free Cash Flow and Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of DR Horton are associated (or correlated) with its Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Invested Capital has no effect on the direction of Free Cash Flow i.e., DR Horton's Free Cash Flow and Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.2 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to DR Horton. There are two different methods for calculating DR Horton invested capital: operating approach and financing approach. Understanding DR Horton invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Most indicators from DR Horton's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DR Horton current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DR Horton. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more detail on how to invest in DHI Stock please use our How to Invest in DR Horton guide.As of now, DR Horton's Selling General Administrative is increasing as compared to previous years. The DR Horton's current Enterprise Value Over EBITDA is estimated to increase to 89.25, while Tax Provision is projected to decrease to under 920.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 10.5B | 9.4B | 10.8B | 11.3B | Total Revenue | 33.5B | 35.5B | 40.8B | 42.8B |
DR Horton fundamental ratios Correlations
Click cells to compare fundamentals
DR Horton Account Relationship Matchups
High Positive Relationship
High Negative Relationship
DR Horton fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 18.9B | 24.0B | 30.4B | 32.6B | 37.5B | 39.3B | |
Short Long Term Debt Total | 4.3B | 5.4B | 6.1B | 5.1B | 5.9B | 3.1B | |
Total Current Liabilities | 2.5B | 3.4B | 4.5B | 4.4B | 5.0B | 5.3B | |
Total Stockholder Equity | 11.8B | 14.9B | 19.4B | 22.7B | 26.1B | 27.4B | |
Property Plant And Equipment Net | 683.7M | 114.6M | 152.8M | 445.4M | 512.2M | 537.8M | |
Net Debt | 1.3B | 2.2B | 3.5B | 1.2B | 1.4B | 1.9B | |
Accounts Payable | 900.5M | 1.2B | 1.4B | 1.2B | 1.4B | 1.5B | |
Cash | 3.0B | 3.2B | 2.5B | 3.9B | 4.5B | 4.7B | |
Non Current Assets Total | 2.1B | 2.3B | 3.7B | 3.8B | 4.4B | 4.6B | |
Non Currrent Assets Other | (688.5M) | 1.6B | 515.2M | 3.4B | 4.0B | 4.2B | |
Cash And Short Term Investments | 3.0B | 3.2B | 2.5B | 3.9B | 4.5B | 4.7B | |
Common Stock Shares Outstanding | 370.2M | 365.8M | 354.8M | 343.3M | 394.8M | 320.7M | |
Liabilities And Stockholders Equity | 18.9B | 24.0B | 30.4B | 32.6B | 37.5B | 39.3B | |
Non Current Liabilities Total | 4.3B | 5.4B | 6.1B | 5.1B | 5.9B | 6.2B | |
Inventory | 12.2B | 16.5B | 21.7B | 22.4B | 25.7B | 27.0B | |
Other Current Assets | 1.3B | 1.7B | 4.2B | 2.1B | 2.4B | 2.6B | |
Other Stockholder Equity | 2.1B | 1.2B | 207M | (897.6M) | (1.0B) | (980.6M) | |
Total Liab | 6.8B | 8.8B | 10.6B | 9.4B | 10.9B | 11.4B | |
Property Plant And Equipment Gross | 104.4M | 114.6M | 152.8M | 64.6M | 74.3M | 121.3M | |
Total Current Assets | 16.8B | 21.7B | 26.6B | 28.8B | 33.1B | 34.8B | |
Short Term Debt | 4.3B | 5.4B | 6.1B | 5.1B | 5.9B | 6.2B | |
Retained Earnings | 9.8B | 13.6B | 19.2B | 23.6B | 27.1B | 28.5B | |
Other Current Liab | (2.8B) | (3.4B) | (3.2B) | 3.1B | 2.8B | 2.9B | |
Other Assets | 201M | 5.1B | 5.4B | 213.7M | 245.8M | 233.5M | |
Long Term Debt | 4.3B | 5.4B | 6.1B | 5.1B | 5.9B | 3.6B | |
Treasury Stock | (802.2M) | (1.2B) | (2.0B) | (3.1B) | (2.8B) | (2.7B) | |
Property Plant Equipment | 683.7M | 392.9M | 471.6M | 445.4M | 512.2M | 537.8M | |
Other Liab | 685.5M | 871.3M | 1.3B | 1.2B | 1.0B | 618.4M | |
Current Deferred Revenue | 93.1M | 193.4M | 224.2M | (5.1B) | (4.6B) | (4.4B) | |
Net Receivables | 271.4M | 321.7M | 423.1M | 426.9M | 490.9M | 282.0M | |
Net Tangible Assets | 11.7B | 14.7B | 19.2B | 22.5B | 25.9B | 27.2B |
Pair Trading with DR Horton
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if DR Horton position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DR Horton will appreciate offsetting losses from the drop in the long position's value.Moving together with DHI Stock
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Moving against DHI Stock
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0.49 | EGOX | NexteGO NV Ordinary | PairCorr |
The ability to find closely correlated positions to DR Horton could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DR Horton when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DR Horton - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DR Horton to buy it.
The correlation of DR Horton is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DR Horton moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DR Horton moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for DR Horton can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DR Horton. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more detail on how to invest in DHI Stock please use our How to Invest in DR Horton guide.Note that the DR Horton information on this page should be used as a complementary analysis to other DR Horton's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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Is DR Horton's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DR Horton. If investors know DHI will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DR Horton listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.022 | Dividend Share 1.05 | Earnings Share 13.87 | Revenue Per Share 106.305 | Quarterly Revenue Growth 0.065 |
The market value of DR Horton is measured differently than its book value, which is the value of DHI that is recorded on the company's balance sheet. Investors also form their own opinion of DR Horton's value that differs from its market value or its book value, called intrinsic value, which is DR Horton's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DR Horton's market value can be influenced by many factors that don't directly affect DR Horton's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DR Horton's value and its price as these two are different measures arrived at by different means. Investors typically determine if DR Horton is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DR Horton's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.