Added to YB: 2026-09-24
Pitch date: 2026-09-18
DFH [neutral]
Dream Finders Homes, Inc.
+1.31%
current return
Author Info
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Company Info
Dream Finders Homes, Inc., through its subsidiary, Dream Finders Homes LLC, engages in the homebuilding business in the United States.
Market Cap
$1.0B
Pitch Price
$11.48
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.38
P/E
7.86
EV/Sales
0.68
Sector
Household Durables
Category
special_situation
$DFH: the land banker, the preferred buyer and the board observer are the same firm
DFH (update): Dream Finders’ Beazer acquisition relies on costly, concentrated financing: the $675M preferred carries a 12% cumulative dividend, rises by 0.5 percentage points every six months after year six to a 15% cap, and then becomes convertible at a 20% discount to the prior 90-trading-day average. Annual preferred dividends would be roughly $81M versus $133M of trailing net income, while Kennedy Lewis also provides the $800M land bank facility and receives consent and board-observer rights.
Read full article (3 min)