Smith Douglas Homes Corp.
$9.25
+0.20 (+2.21%) · delayed · Nov 13, 2026
Five-year price
52w $8.95 to $23.49
- Market cap
- $85M
- Enterprise value
- $72M
- P/E
- 7.8×
- 6.2× on 3y avg EPS
- EV / EBIT
- —
- FCF yield
- −43.3%
- ROIC
- —
- Debt / equity
- —
- Piotroski F
- 2/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
n/a
- –ROIC > 12% (5y avg)5y avg ROIC n/a
- ●ROE > 15% (5y avg)5y avg ROE 31.0%
- –Stable operating marginsMargin volatility n/a (σ, 5y)
- ○Earnings convert to cashFCF / net income -63% (5y avg)
- –Growing revenueRevenue CAGR 5y n/a
- –Shrinking share countDiluted shares n/a over 5y
Value
75
- ●P/E below 15P/E 7.8
- –EV/EBIT below 12EV/EBIT n/a
- ○FCF yield above 6%FCF yield -43.3%
- ●Price below Graham NumberGraham Number $15.88
- ●P/B below 3P/B 1.0
Safety
n/a
- –Debt / equity below 0.5D/E n/a
- ●Debt payable in < 4 yrs of earningsNet debt $-0.0B
- –Interest coverage > 8xCoverage n/ax
- –Current ratio > 1.5Current ratio n/a
- ○Piotroski F-score ≥ 6F-score 2/9
Graham Defensive
n/a
- ○Adequate size (revenue > $2B)Revenue $1.0B
- –Strong condition (current ratio ≥ 2)Current ratio n/a
- –Earnings stability (no loss, 10y)3 years of data
- –Uninterrupted dividendsDividends paid every year on record
- –Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 0%
- ●Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 6.2
- ●P/E × P/B ≤ 22.5Product 6.1
Valuation lab
What do you have to believe?
Starting cash flow
Net debt −$13M · 9M shares
Intrinsic value
$41.00
Price
$9.25
Margin of safety
77%
What the price implies
The market is paying for −16.8% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
58% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 765 | 975 | 971 |
| Gross profit | 216 | 256 | 212 |
| Operating income | — | — | — |
| Operating margin | — | — | — |
| Pre-tax income | 123 | 117 | 71 |
| Income tax | 0 | 5 | 2 |
| Net income | 123 | 16 | 11 |
| EPS (diluted) | — | 1.81 | 1.19 |
| Diluted shares | — | 9 | 9 |
Who owns it