` Comparison: HO2 vs PHM - Alpha Spread

D
HO2
vs
PHM

Over the past 12 months, HO2 has underperformed PHM, delivering a return of -9% compared to the PHM's +10% growth.

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HO2
PHM
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Valuation Comparison

D
HO2 Intrinsic Value
131.52 EUR
Undervaluation 6%
Intrinsic Value
Price
PHM Intrinsic Value
86.187 USD
Overvaluation 31%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
D
DR Horton Inc
XMUN:HO2
124.2 EUR
Pultegroup Inc
NYSE:PHM
124.595 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
HO2, PHM

HO2
PHM
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
D
DR Horton Inc
Revenue
Pultegroup Inc
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
HO2, PHM

HO2
PHM
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
D
DR Horton Inc
XMUN:HO2
Pultegroup Inc
NYSE:PHM
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What is Free Cash Flow?

Gross Margin

HO2
28%
PHM
27.2%
LTM 3Y Avg 5Y Avg 10Y Avg
D
DR Horton Inc
Pultegroup Inc

Operating Margin

HO2
16.1%
PHM
19.4%
LTM 3Y Avg 5Y Avg 10Y Avg
D
DR Horton Inc
Pultegroup Inc

Net Margin

HO2
11.8%
PHM
14.9%
LTM 3Y Avg 5Y Avg 10Y Avg
D
DR Horton Inc
Pultegroup Inc

FCF Margin

HO2
12.3%
PHM
8.8%
LTM 3Y Avg 5Y Avg 10Y Avg
D
DR Horton Inc
Pultegroup Inc

ROE

HO2
16.2%
PHM
21.6%
LTM 3Y Avg 5Y Avg 10Y Avg
D
DR Horton Inc
Pultegroup Inc

ROA

HO2
11.4%
PHM
15.1%
LTM 3Y Avg 5Y Avg 10Y Avg
D
DR Horton Inc
Pultegroup Inc

ROIC

HO2
13.3%
PHM
17.2%
LTM 3Y Avg 5Y Avg 10Y Avg
D
DR Horton Inc
Pultegroup Inc

ROCE

HO2
18.3%
PHM
24%
LTM 3Y Avg 5Y Avg 10Y Avg
D
DR Horton Inc
Pultegroup Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
HO2, PHM

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Performance Gap
HO2, PHM

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HO2
PHM
Difference
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Performance By Year
HO2, PHM

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HO2
PHM
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