Smith Douglas Homes Corp. Net Assets
Smith Douglas Homes Corp. net assets. Based on the latest financial reports, Smith Douglas Homes Corp. (SDHC) has net assets worth $435.89 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($600.19 Million) and total liabilities ($164.30 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. Also explore Smith Douglas Homes Corp. (SDHC) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $435.89 Million |
| % of Total Assets | 72.63% |
| Annual Growth Rate | 46.85% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 33.05 |
Net Assets of Smith Douglas Homes Corp. (2021–2025)
Net assets of Smith Douglas Homes Corp. from 2021 to 2025. This chart illustrates how Smith Douglas Homes Corp.'s net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of Smith Douglas Homes Corp. to measure how much of total assets are equity-financed.
Annual Net Assets for Smith Douglas Homes Corp. (2021–2025)
The table below shows the annual net assets of Smith Douglas Homes Corp. from 2021 to 2025. For live market cap and overall valuation, see Smith Douglas Homes Corp. (SDHC) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $444.14 Million | +10.56% |
| 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 2611300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Smith Douglas Homes Corp. Net Assets Breakdown (December 2025)
Smith Douglas Homes Corp. net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $26.11 Million | 30.11% |
| Common Stock | $5.00K | 0.01% |
| Other Components | $60.61 Million | 69.89% |
| Total Equity | $86.73 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 |
|---|---|
|
Senkron Guvenlik ve Iletisim Sistemleri AS
IS:SNKRN
|
$81.90 Million |
|
ATM Grupa S.A.
WAR:ATG
|
$81.90 Million |
|
Fine DNC Co. Ltd
KQ:049120
|
$81.90 Million |
|
Pieridae Energy Ltd
TO:PEA
|
$81.92 Million |
|
Silvercrest Asset Management Group Inc
NASDAQ:SAMG
|
$81.88 Million |
|
UJU Electronics Co. Ltd
KQ:065680
|
$81.88 Million |
|
Captor Therapeutics S.A.
WAR:CTX
|
$81.87 Million |
|
Kumho Petro Chemical Co Ltd
KO:011785
|
$81.86 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 2024 to 2025, total equity changed from 73,632,000 to 86,728,000, a change of 13,096,000 (17.8%).
- Net income of 10,694,000 contributed positively to equity growth.
- Dividend payments of 28,402,000 reduced retained earnings.
- Other factors increased equity by 30,804,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $10.69 Million | +12.33% |
| Dividends Paid | $28.40 Million | -32.75% |
| Other Changes | $30.80 Million | +35.52% |
| Total Change | $- | 17.79% |
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: 1.04x
- 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 4.48x to 1.04x 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 | $9.81 | x |
| 2022-12-31 | $3.77 | $9.81 | x |
| 2023-12-31 | $4.07 | $9.81 | x |
| 2024-12-31 | $8.32 | $9.81 | x |
| 2025-12-31 | $9.41 | $9.81 | 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): 12.33%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.10%
- • Asset Turnover: 1.74x
- • Equity Multiplier: 6.43x
- Recent ROE (12.33%) is below the historical average (48.79%), 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 |
| 2025 | 12.33% | 1.10% | 1.74x | 6.43x | $2.02 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: $810,145,686
- Average return on equity (ROE) among peers: 2.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smith Douglas Homes Corp. (SDHC) | $435.89 Million | 65.47% | 0.38x | $81.89 Million |
| Alset Ehome International Inc (AEI) | $22.22 Million | -23.54% | 0.61x | $19.06 Million |
| AMREP Corporation (AXR) | $86.57 Million | -10.95% | 1.44x | $113.80 Million |
| Century Communities Inc (CCS) | $735.23 Million | 6.84% | 1.36x | $1.57 Billion |
| Forestar Group Inc (FOR) | $425.80 Million | 12.18% | 0.46x | $1.21 Billion |
| Five Point Holdings LLC (FPH) | $460.23 Million | 7.22% | 0.02x | $305.80 Million |
| Howard Hughes Holdings Inc. (HHH) | $3.24 Billion | 1.76% | 1.27x | $3.88 Billion |
| JFB Construction Holdings Class A Common Stock (JFB) | $6.33 Million | 1.88% | 0.42x | $100.04 Million |
| Logistic Properties of the Americas (LPA) | $237.53 Million | 1.74% | 1.01x | $98.02 Million |
| Lead Real Estate Co., Ltd American Depositary Shares (LRE) | $2.20 Billion | 25.06% | 4.64x | $14.53 Million |
| Landsea Homes Corp (LSEA) | $688.35 Million | 4.25% | 1.14x | $411.79 Million |
About Smith Douglas Homes Corp.
Smith Douglas Homes Corp. is headquartered in Woodstock, Georgia, Smith Douglas Homes completed its initial public offering in January 2024. Since its inception, Smith Douglas has been entrusted by over 20,000 families to fulfill their new home dreams. Ranked a top 50 builder nationally for several years and with 2,908 closings in 2025, Smith Douglas currently holds the #32 position on the Builde… Read more