Smith Douglas Homes Corp (SDHC) is undervalued and Sky Harbour Group Corp (SKYH) is overvalued.
Against our estimates of intrinsic value, SDHC trades at the wider discount: a margin of safety of +40%, against -880% for SKYH.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.3% (average of 3 methods) values the shares at $17.38; the price of $10.35 is 40% below that value, and 76% of that value comes from beyond year five.
Leak Score 47/100 on 5 of 12 signals
A 2.5x revenue multiple, discounted for its losses, values the shares at $1.03; the price of $10.10 is 880% above that value.
Leak Score 16/100 on 6 of 12 signals
| Metric | SDHC | SKYH |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $10.35 | $10.10 |
| Intrinsic value | $17.38 | $1.03 |
| Margin of safety | +40% | -880% |
| Leak Score | 47/100 (5/12) | 16/100 (6/12) |
| Market cap | $526M | $824M |
| Revenue growth, 5 years | 17.0% | — |
| Operating margin | 4.5% | -80.8% |
| Net margin | 0.6% | 2.7% |
| Return on equity | 8.1% | 0.8% |
| Debt to equity | 0.86 | 4.81 |
| P/E | 14.5x | — |
| Forward P/E | 26.6x | — |
| P/B | 1.1x | 2.8x |