Smith Douglas Homes Corp.
Smith Douglas Homes Corp. completed its initial public offering in January 2024. Since its inception, Smith Douglas has been entrusted by over 18,000 families to fulfill their new home dreams. Ranked a top 50 builder nationally for several years and with 2,867 closings in 2024, Smith Douglas currently holds the #32 position on the Builder Magazine Top 100 list. The Smith Douglas communities are p… Read more
Smith Douglas Homes Corp. (SDHC) - Net Assets
Latest net assets as of September 2025: $426.44 Million USD
Based on the latest financial reports, Smith Douglas Homes Corp. (SDHC) has net assets worth $426.44 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($571.56 Million) and total liabilities ($145.12 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $426.44 Million |
| % of Total Assets | 74.61% |
| Annual Growth Rate | 61.4% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 27.32 |
Smith Douglas Homes Corp. - Net Assets Trend (2021–2024)
This chart illustrates how Smith Douglas Homes Corp.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Smith Douglas Homes Corp. (2021–2024)
The table below shows the annual net assets of Smith Douglas Homes Corp. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $401.73 Million | +92.30% |
| 2023-12-31 | $208.90 Million | +26.98% |
| 2022-12-31 | $164.51 Million | +72.23% |
| 2021-12-31 | $95.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Smith Douglas Homes Corp.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1541900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $15.42 Million | 20.94% |
| Common Stock | $5.00K | 0.01% |
| Other Components | $58.21 Million | 79.05% |
| Total Equity | $73.63 Million | 100.00% |
Smith Douglas Homes Corp. Competitors by Market Cap
The table below lists competitors of Smith Douglas Homes Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Phu Tai JSC
VN:PTB
|
$87.31 Million |
|
Novabase SGPS
LS:NBA
|
$87.32 Million |
|
Western Investment Company of Canada Limited
V:WI
|
$87.33 Million |
|
Streamwide
PA:ALSTW
|
$87.34 Million |
|
Microalliance Group Inc.
PINK:MALG
|
$87.27 Million |
|
FRONTIER DEVELOP. LS -05
F:5FD
|
$87.25 Million |
|
Montauk Renewables Inc
NASDAQ:MNTK
|
$87.23 Million |
|
AeroSpace Technology of Korea
KQ:067390
|
$87.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smith Douglas Homes Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 208,903,000 to 73,632,000, a change of -135,271,000 (-64.8%).
- Net income of 16,070,000 contributed positively to equity growth.
- Dividend payments of 39,951,000 reduced retained earnings.
- Share repurchases of 2,600,000 reduced equity.
- New share issuances of 172,769,000 increased equity.
- Other factors decreased equity by 281,559,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $16.07 Million | +21.82% |
| Dividends Paid | $39.95 Million | -54.26% |
| Share Repurchases | $2.60 Million | -3.53% |
| Share Issuances | $172.77 Million | +234.64% |
| Other Changes | $-281.56 Million | -382.39% |
| Total Change | $- | -64.75% |
Book Value vs Market Value Analysis
This analysis compares Smith Douglas Homes Corp.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.57x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.97x to 1.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $2.19 | $13.09 | x |
| 2022-12-31 | $3.77 | $13.09 | x |
| 2023-12-31 | $4.07 | $13.09 | x |
| 2024-12-31 | $8.32 | $13.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smith Douglas Homes Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.82%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.65%
- • Asset Turnover: 2.05x
- • Equity Multiplier: 6.46x
- Recent ROE (21.82%) is below the historical average (57.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 65.47% | 12.05% | 2.58x | 2.11x | $52.98 Million |
| 2022 | 85.37% | 18.59% | 3.38x | 1.36x | $123.99 Million |
| 2023 | 58.97% | 16.11% | 2.17x | 1.69x | $102.29 Million |
| 2024 | 21.82% | 1.65% | 2.05x | 6.46x | $8.71 Million |
Industry Comparison
This section compares Smith Douglas Homes Corp.'s net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $8,708,016,178
- Average return on equity (ROE) among peers: -18.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smith Douglas Homes Corp. (SDHC) | $426.44 Million | 65.47% | 0.34x | $87.29 Million |
| Applied Development Holdings Limited (ADHLF) | $872.99 Million | -18.66% | 0.65x | $1.95 Million |
| Alset Ehome International Inc (AEI) | $29.20 Million | -17.09% | 0.67x | $7.53 Million |
| Autris (AUTR) | $-56.91K | 0.00% | 0.00x | $1.57K |
| AMREP Corporation (AXR) | $127.47 Million | 9.98% | 0.05x | $80.48 Million |
| Ayala Land Inc (AYAAF) | $50.75 Billion | 8.64% | 0.64x | $3.06 Billion |
| Bayport International Holdings Inc (BAYP) | $124.43K | -208.38% | 2.27x | $1.00 |
| Beijing North Star Company Limited (BEIJF) | $8.81 Billion | 5.10% | 1.91x | $161.03 Million |
| China Overseas Land Investment (CAOVY) | $25.08 Billion | 15.75% | 1.41x | $20.11 Billion |
| C C Land Holdings Limited (CCLHF) | $354.40 Million | 7.00% | 0.52x | $141.49 Million |
| Century Communities Inc (CCS) | $1.06 Billion | 10.64% | 1.35x | $1.45 Billion |