Annuncio • Dec 11
D.R. Horton, Inc., Annual General Meeting, Jan 15, 2026 D.R. Horton, Inc., Annual General Meeting, Jan 15, 2026. Location: 1341 horton circle, texas 76011, arlington United States Annuncio • Sep 26
Bayshore Investment Partners LLC acquired Laurel Lakes community consisting of 68 townhomes in Hillsborough County suburb of Seffner, Florida from D.R. Horton, Inc. (NYSE:DHI) for $18 million. Bayshore Investment Partners LLC acquired Laurel Lakes community consisting of 68 townhomes in Hillsborough County suburb of Seffner, Florida from D.R. Horton, Inc. (NYSE:DHI) for $18 million on September 19, 2025. The community was acquired from D.R. Horton for $265,000 per unit. Berkadia Miami secured $11.83 million in financing on behalf of Bayshore Investment Partners.
Bayshore Investment Partners LLC completed the acquisition of Laurel Lakes community consisting of 68 townhomes in Hillsborough County suburb of Seffner, Florida from D.R. Horton, Inc. (NYSE:DHI) on September 19, 2025. Annuncio • Apr 18
D.R. Horton, Inc. (NYSE:DHI) announces an Equity Buyback for $5,000 million worth of its shares. D.R. Horton, Inc. (NYSE:DHI) announces a share repurchase program. Under the program, the company will repurchase up to $5,000 million worth of its shares. Annuncio • Feb 14
D.R. Horton, Inc. to Report Q2, 2025 Results on Apr 17, 2025 D.R. Horton, Inc. announced that they will report Q2, 2025 results Pre-Market on Apr 17, 2025 Annuncio • Dec 16
D.R. Horton, Inc., Annual General Meeting, Jan 16, 2025 D.R. Horton, Inc., Annual General Meeting, Jan 16, 2025. Location: 1341 horton circle, texas, 76011, arlington United States Annuncio • Dec 04
D.R. Horton, Inc. to Report Q1, 2025 Final Results on Jan 21, 2025 D.R. Horton, Inc. announced that they will report Q1, 2025 final results Pre-Market on Jan 21, 2025 Declared Dividend • Nov 01
Fourth quarter dividend of US$0.40 announced Shareholders will receive a dividend of US$0.40. Ex-date: 12th November 2024 Payment date: 19th November 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 29
Full year 2024 earnings released: EPS: US$14.44 (vs US$13.93 in FY 2023) Full year 2024 results: EPS: US$14.44 (up from US$13.93 in FY 2023). Revenue: US$36.8b (up 3.8% from FY 2023). Net income: US$4.76b (flat on FY 2023). Profit margin: 13% (in line with FY 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Sep 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Elaine Crowley was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Jul 21
Third quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 1st August 2024 Payment date: 8th August 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.5%. Payout Ratios Payout ratio: 8%. Cash payout ratio: 19%. Reported Earnings • Jul 20
Third quarter 2024 earnings released: EPS: US$4.12 (vs US$3.93 in 3Q 2023) Third quarter 2024 results: EPS: US$4.12 (up from US$3.93 in 3Q 2023). Revenue: US$9.97b (up 2.5% from 3Q 2023). Net income: US$1.35b (up 1.4% from 3Q 2023). Profit margin: 14% (in line with 3Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €146, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Consumer Durables industry in Europe. Total returns to shareholders of 97% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €184 per share. Annuncio • May 31
D.R. Horton, Inc. to Report Q3, 2024 Results on Jul 18, 2024 D.R. Horton, Inc. announced that they will report Q3, 2024 results Pre-Market on Jul 18, 2024 Annuncio • May 18
D.R. Horton, Inc. Announces Demise of Donald R. Horton, Founder and Chairman of the Board of Directors D.R. Horton, Inc. announced the sudden passing of Donald R. Horton, the Company’s Founder and Chairman of the Board of Directors. David V. Auld, the Company’s Executive Vice Chairman, has been appointed by the Board to serve as Executive Chairman, effective immediately. Declared Dividend • Apr 23
Second quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 1st May 2024 Payment date: 9th May 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 19
Second quarter 2024 earnings released: EPS: US$3.54 (vs US$2.75 in 2Q 2023) Second quarter 2024 results: EPS: US$3.54 (up from US$2.75 in 2Q 2023). Revenue: US$9.11b (up 14% from 2Q 2023). Net income: US$1.17b (up 24% from 2Q 2023). Profit margin: 13% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 22
Executive Vice Chair recently sold €3.6m worth of stock On the 20th of March, David Auld sold around 25k shares on-market at roughly €144 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Annuncio • Mar 13
D.R. Horton, Inc. to Report Q2, 2024 Results on Apr 18, 2024 D.R. Horton, Inc. announced that they will report Q2, 2024 results Pre-Market on Apr 18, 2024 Upcoming Dividend • Jan 29
Upcoming dividend of US$0.30 per share at 0.9% yield Eligible shareholders must have bought the stock before 05 February 2024. Payment date: 13 February 2024. Payout ratio is a comfortable 7.5% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.5%). Declared Dividend • Jan 25
First quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 5th February 2024 Payment date: 13th February 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 24
First quarter 2024 earnings released: EPS: US$2.84 (vs US$2.79 in 1Q 2023) First quarter 2024 results: EPS: US$2.84. Revenue: US$7.73b (up 6.5% from 1Q 2023). Net income: US$947.4m (down 1.2% from 1Q 2023). Profit margin: 12% (in line with 1Q 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Annuncio • Jan 23
D.R. Horton, Inc. Declares Cash Dividend, Payable on February 13, 2024 D.R. Horton, Inc. declared quarterly cash dividend of $0.30 per common share that is payable on February 13, 2024 to stockholders of record on February 6, 2024. Recent Insider Transactions • Dec 19
Independent Director recently sold €1.4m worth of stock On the 14th of December, Bradley Anderson sold around 10k shares on-market at roughly €138 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months. Annuncio • Dec 16
D.R. Horton, Inc., Annual General Meeting, Jan 17, 2024 D.R. Horton, Inc., Annual General Meeting, Jan 17, 2024, at 10:00 Central Standard Time. Location: 1341 Horton Circle Arlington Texas United States Agenda: To elect the eight directors; to consider the executive compensation; to consider advisory vote on the frequency of future advisory votes on executive compensation; to approve the D.R. Horton, Inc. 2024 Stock Incentive Plan; to ratify the appointment of Ernst & Young LLP as independent registered public accounting firm for fiscal 2024; and to conduct other business properly brought before the meeting. Annuncio • Dec 09
D.R. Horton, Inc. to Report Q1, 2024 Results on Jan 23, 2024 D.R. Horton, Inc. announced that they will report Q1, 2024 results Pre-Market on Jan 23, 2024 Upcoming Dividend • Nov 13
Upcoming dividend of US$0.30 per share at 1.0% yield Eligible shareholders must have bought the stock before 20 November 2023. Payment date: 28 November 2023. Payout ratio is a comfortable 7.2% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (5.1%). Annuncio • Nov 09
D.R. Horton, Inc. (NYSE:DHI) announces an Equity Buyback for $1,500 million worth of its shares. D.R. Horton, Inc. (NYSE:DHI) announces a share repurchase program. Under the program, the company will repurchase up to $1,500 million worth of its shares. The repurchase program has no expiration date. Reported Earnings • Nov 08
Full year 2023 earnings released: EPS: US$13.93 (vs US$16.66 in FY 2022) Full year 2023 results: EPS: US$13.93 (down from US$16.66 in FY 2022). Revenue: US$35.5b (up 5.9% from FY 2022). Net income: US$4.75b (down 19% from FY 2022). Profit margin: 13% (down from 18% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year and the company’s share price has also increased by 24% per year. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €109, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Consumer Durables industry in Europe. Total returns to shareholders of 75% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €164 per share. New Risk • Oct 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. New Risk • Oct 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Upcoming Dividend • Jul 28
Upcoming dividend of US$0.25 per share at 0.8% yield Eligible shareholders must have bought the stock before 04 August 2023. Payment date: 14 August 2023. Payout ratio is a comfortable 6.9% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.0%). Reported Earnings • Jul 20
Third quarter 2023 earnings released: EPS: US$3.93 (vs US$4.70 in 3Q 2022) Third quarter 2023 results: EPS: US$3.93 (down from US$4.70 in 3Q 2022). Revenue: US$9.73b (up 11% from 3Q 2022). Net income: US$1.34b (down 19% from 3Q 2022). Profit margin: 14% (down from 19% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 27% per year. Annuncio • Jul 06
D.R. Horton, Inc. (NYSE:DHI) acquired Truland Homes, LLC for approximately $100 million. D.R. Horton, Inc. (NYSE:DHI) acquired Truland Homes, LLC for approximately $100 million on July 5, 2023. D.R. Horton plans to combine the Truland operations with its current D.R. Horton platforms in Baldwin County, Alabama and Northwest Florida.
D.R. Horton, Inc. (NYSE:DHI) completed the acquisition of Truland Homes, LLC on July 5, 2023. Annuncio • Jun 25
D.R. Horton, Inc.(NYSE:DHI) dropped from Russell 1000 Growth Index D.R. Horton, Inc.(NYSE:DHI) dropped from Russell 1000 Growth Index Annuncio • Jun 14
D.R. Horton, Inc. to Report Q3, 2023 Results on Jul 20, 2023 D.R. Horton, Inc. announced that they will report Q3, 2023 results at 9:30 AM, US Eastern Standard Time on Jul 20, 2023 Reported Earnings • Apr 21
Second quarter 2023 earnings released: EPS: US$2.75 (vs US$4.07 in 2Q 2022) Second quarter 2023 results: EPS: US$2.75 (down from US$4.07 in 2Q 2022). Revenue: US$7.97b (flat on 2Q 2022). Net income: US$942.2m (down 34% from 2Q 2022). Profit margin: 12% (down from 18% in 2Q 2022). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 37% per year. Recent Insider Transactions • Mar 14
VP & Corporate Controller recently sold €91k worth of stock On the 9th of March, Aron Odom sold around 1k shares on-market at roughly €90.91 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.5m more than they bought in the last 12 months. Upcoming Dividend • Jan 30
Upcoming dividend of US$0.25 per share at 1.0% yield Eligible shareholders must have bought the stock before 06 February 2023. Payment date: 14 February 2023. Payout ratio is a comfortable 5.7% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.0%). Reported Earnings • Jan 25
First quarter 2023 earnings released: EPS: US$2.79 (vs US$3.21 in 1Q 2022) First quarter 2023 results: EPS: US$2.79 (down from US$3.21 in 1Q 2022). Revenue: US$7.26b (up 2.9% from 1Q 2022). Net income: US$958.7m (down 16% from 1Q 2022). Profit margin: 13% (down from 16% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Annuncio • Dec 15
D.R. Horton, Inc. to Report Q1, 2023 Results on Jan 24, 2023 D.R. Horton, Inc. announced that they will report Q1, 2023 results at 9:30 AM, US Eastern Standard Time on Jan 24, 2023 Annuncio • Dec 14
D.R. Horton, Inc., Annual General Meeting, Jan 18, 2023 D.R. Horton, Inc., Annual General Meeting, Jan 18, 2023, at 10:00 Central Standard Time. Location: 1341 Horton Circle Arlington Texas United States Agenda: To elect the six directors named in proxy statement; to seek an advisory vote on the approval of executive compensation; to ratify the appointment of Ernst & Young LLP as independent registered public accounting firm; and to conduct other business properly brought before the meeting. Recent Insider Transactions • Dec 06
Independent Director recently sold €165k worth of stock On the 1st of December, Michael Buchanan sold around 2k shares on-market at roughly €82.39 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months. Upcoming Dividend • Nov 24
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 01 December 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 5.4% and the cash payout ratio is 77%. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.2%). Reported Earnings • Nov 20
Full year 2022 earnings released: EPS: US$16.66 (vs US$11.56 in FY 2021) Full year 2022 results: EPS: US$16.66 (up from US$11.56 in FY 2021). Revenue: US$33.5b (up 21% from FY 2021). Net income: US$5.86b (up 40% from FY 2021). Profit margin: 18% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Nov 16
VP & Corporate Controller recently sold €107k worth of stock On the 10th of November, Aron Odom sold around 1k shares on-market at roughly €82.28 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €155k. Insiders have been net sellers, collectively disposing of €2.7m more than they bought in the last 12 months. Reported Earnings • Nov 10
Full year 2022 earnings released: EPS: US$16.66 (vs US$11.56 in FY 2021) Full year 2022 results: EPS: US$16.66 (up from US$11.56 in FY 2021). Revenue: US$33.5b (up 21% from FY 2021). Net income: US$5.86b (up 40% from FY 2021). Profit margin: 18% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Sep 21
Independent Director recently sold €155k worth of stock On the 20th of September, Michael Buchanan sold around 2k shares on-market at roughly €71.58 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €380k. Insiders have been net sellers, collectively disposing of €2.6m more than they bought in the last 12 months. Recent Insider Transactions • Aug 03
Independent Director recently sold €302k worth of stock On the 2nd of August, Michael Hewatt sold around 4k shares on-market at roughly €75.58 per share. In the last 3 months, there was an even bigger sale from another insider worth €380k. Insiders have been net sellers, collectively disposing of €2.4m more than they bought in the last 12 months. Upcoming Dividend • Jul 27
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 03 August 2022. Payment date: 11 August 2022. Payout ratio is a comfortable 5.6% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.7%). Recent Insider Transactions • Jul 26
VP & Corporate Controller recently sold €380k worth of stock On the 22nd of July, Aron Odom sold around 5k shares on-market at roughly €76.02 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months. Reported Earnings • Jul 22
Third quarter 2022 earnings released: EPS: US$4.70 (vs US$3.10 in 3Q 2021) Third quarter 2022 results: EPS: US$4.70 (up from US$3.10 in 3Q 2021). Revenue: US$8.79b (up 21% from 3Q 2021). Net income: US$1.65b (up 48% from 3Q 2021). Profit margin: 19% (up from 15% in 3Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.5%, compared to a 3.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €58.23, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Consumer Durables industry in Germany. Total returns to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €55.39 per share. Recent Insider Transactions • May 27
Independent Director recently sold €124k worth of stock On the 25th of May, Michael Hewatt sold around 2k shares on-market at roughly €63.65 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.1m more than they bought in the last 12 months. Upcoming Dividend • Apr 29
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 06 May 2022. Payment date: 18 May 2022. Payout ratio is a comfortable 6.0% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.0%). Lower than average of industry peers (2.7%). Reported Earnings • Apr 27
Second quarter 2022 earnings released: EPS: US$4.07 (vs US$2.57 in 2Q 2021) Second quarter 2022 results: EPS: US$4.07 (up from US$2.57 in 2Q 2021). Revenue: US$8.00b (up 24% from 2Q 2021). Net income: US$1.44b (up 55% from 2Q 2021). Profit margin: 18% (up from 14% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 21%, compared to a 9.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 22
Independent Director recently sold €69k worth of stock On the 21st of March, Barbara Allen sold around 919 shares on-market at roughly €74.81 per share. In the last 3 months, they made an even bigger sale worth €310k. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months. Upcoming Dividend • Feb 09
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 16 February 2022. Payment date: 25 February 2022. Payout ratio is a comfortable 6.5% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (2.2%). Recent Insider Transactions • Feb 04
Independent Director recently sold €310k worth of stock On the 3rd of February, Barbara Allen sold around 4k shares on-market at roughly €77.43 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.8m more than they bought in the last 12 months. Reported Earnings • Feb 04
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: EPS: US$3.21 (up from US$2.17 in 1Q 2021). Revenue: US$7.05b (up 19% from 1Q 2021). Net income: US$1.14b (up 44% from 1Q 2021). Profit margin: 16% (up from 13% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.9%. Over the next year, revenue is forecast to grow 21%, compared to a 7.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. 
