# Smith Douglas Homes (SDHC.US)

Canonical: https://gigainvestors.com/s/SDHC

Analysis as of: 2026-10-16T07:31:49.708Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $10.45 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Greg Alexander](https://gigainvestors.com/CM): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bill Ruane](https://gigainvestors.com/RC): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 72% since Sep 2024

Story as of 2026-10-16T10:01:29.724Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in real estate development; annual sales are USD 971.1 million.

- Source: https://www.sec.gov/Archives/edgar/data/1982518/000162828026017245/sdhc-20251231.htm (filed 2026-03-12); FY2025: revenue 971116000; grossProfit 212171000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-05); SDHC.US: Smith Douglas Homes Corp. engages in designing, constructing, and sale of single-family homes. The company offers title insurance and mortgage brokerage services. It targets and markets homes and communities to entry-level and empty-nest homebuyers. Smith Douglas Homes Corp. was founded in 2008 and is headquartered in Woodstock, Georgia

### Why customers stay

Margins ranged from 21.8% to 28.3% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-12); FY2023: grossProfit / revenue = 28.3%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-12); FY2024: grossProfit / revenue = 26.2%.

- Source: https://www.sec.gov/Archives/edgar/data/1982518/000162828026017245/sdhc-20251231.htm (filed 2026-03-12); FY2025: grossProfit / revenue = 21.8%.

### Where the cash goes

Reinvests 11.1% of cash earnings; paid dividends in 4 of 4 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-12); FY2022: growth capex 0; upkeep 1000000; cash acquisitions 0; owner earnings 140308000. Growth capex plus acquisitions / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-12); FY2023: growth capex 40813.76207449054; upkeep 1267186.2379255095; cash acquisitions 75865000; owner earnings 122993813.76207449. Growth capex plus acquisitions / owner earnings = 0.6171514764873506.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-12); FY2024: growth capex 1531109.0242482247; upkeep 2355890.9757517753; cash acquisitions 855000; owner earnings 15993710.146917785. Growth capex plus acquisitions / owner earnings = 0.1491904631464177.

- Source: https://www.sec.gov/Archives/edgar/data/1982518/000162828026017245/sdhc-20251231.htm (filed 2026-03-12); FY2025: growth capex 0; upkeep 5524000; cash acquisitions 1135000; owner earnings 10228934.730810273. Growth capex plus acquisitions / owner earnings = 0.11095974604093424.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-12); Dividend observations: [[2022,71449000],[2023,78788000],[2024,39951000],[2025,28402000]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 4.6% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-05); SDHC.US SharesStats.PercentInsiders = 4.636 percentage points; cache date 2026-10-05.

### What the price says

The price is 0.1 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-12); Closing price 10.45 USD; reporting-to-trading FX 1; FY2025 annual sales per share 105.40485390526635; price multiple 0.09914154436751119. FY2025 cash earnings/share 1.1102477674217723. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2024-01: $25.73 per share

- 2024-02: $28.84 per share

- 2024-03: $29.70 per share

- 2024-04: $29.07 per share

- 2024-05: $25.79 per share

- 2024-06: $23.38 per share

- 2024-07: $32.89 per share

- 2024-08: $36.66 per share

- 2024-09: $37.78 per share

- 2024-10: $33.12 per share

- 2024-11: $33.70 per share

- 2024-12: $25.64 per share

- 2025-01: $24.26 per share

- 2025-02: $21.17 per share

- 2025-03: $19.52 per share

- 2025-04: $19.45 per share

- 2025-05: $18.78 per share

- 2025-06: $19.42 per share

- 2025-07: $18.84 per share

- 2025-08: $19.61 per share

- 2025-09: $17.66 per share

- 2025-10: $17.47 per share

- 2025-11: $19.42 per share

- 2025-12: $16.77 per share

- 2026-01: $18.04 per share

- 2026-02: $15.70 per share

- 2026-03: $12.80 per share

- 2026-04: $14.18 per share

- 2026-05: $11.96 per share

- 2026-06: $15.54 per share

- 2026-07: $14.83 per share

- 2026-08: $12.08 per share

- 2026-09: $10.16 per share

- 2026-10: $10.45 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1982518/000162828026017245/sdhc-20251231.htm); period 2025-12-31, filed 2026-03-12.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.