Forestar Group Inc.

  • Earnings Score
  • Moat Score
  • Safety Score
  • Final Score
  • Market Cap $1.15B
  • PE 6
  • Debt $806.80M
  • Cash $132.00M
  • EV $1.83B
  • FCF -$453.70M

Earnings

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Sales & Net Margins

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Earnings$181.70M
EBIT$240.80M
ROE11%
ROA8%
FCF-$453.70M
Equity$1.61B
Growth Stability100%
PE6.35
PEG0.18
PB0.71
P/FCF-2.54
P/S0.79
Price/Cash0.11
Debt/Equity0.5
Debt/FCF-1.78
Net Margins7%
Gross Margins23%
Op. Margins17%
Earnings CAGR31%
Sales Growth YoY-18%
Sales Growth QoQ-55%
Sales CAGR45%
FCF CAGR6%
Equity CAGR13%
Earnings Stability0.48
Earnings Growth YoY-57%
Earnings Growth QoQ-80%
Earnings CAGR 5Y35%
Sales CAGR 5Y13%
FCF CAGR 5Y14%
Equity CAGR 5Y16%
Earnings CAGR 3Y1%
Sales CAGR 3Y1%
FCF CAGR 3Y37%
Equity CAGR 3Y15%
Market Cap$1.15B
Revenue$1.45B
Assets$2.96B
Total Debt$806.80M
Cash$132.00M
Shares Outstanding50.67M
EV1.83B
Earnings Score74%
Moat Score87%
Safety Score65%
Final Score76%
Gross Profit$341.40M
Shares Growth 3y1%
Equity Growth QoQ1%
Equity Growth YoY15%

Assets & ROA

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Stockholders Equity & ROE

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Forestar Group Inc is a residential lot development company with operations across the United States. The core business segment for the company is real estate which generates substantially all of its revenues. The firm primarily acquires entitled real estate and develops it into finished residential lots for sale to homebuilders with a strategic focus on asset turns and efficiency. Single-family residential communities account for the majority of their real estate projects. The company's alignment with D.R. Horton has grown the business into a national residential lot developer and has increased residential lot sales, which is responsible for a majority of its revenue. The company utilizes a lower-risk business model by mainly investing in short duration, phased development projects.

SEC Filings

Direct access to Forestar Group Inc. (FOR) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-Q Dec 31
    • 10-K Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-Q Dec 31
    • 10-K Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2022
    • 10-Q Dec 31
    • 10-K Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Forestar Group Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Forestar Group Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 31%
Stability 48%
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Forestar Group Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Forestar Group Inc..

= -$6.9B
012345678910TV
fcf-$454M-$481M-$510M-$540M-$573M-$607M-$643M-$682M-$723M-$766M-$812M-$8.1B
DCF-$437M-$421M-$406M-$391M-$377M-$363M-$350M-$337M-$325M-$313M-$3.1B
Value-$6.9B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201512/201612/201709/201909/202009/202109/202209/202309/2024TTM
Net Margins-81%30%4%8%7%8%12%12%13%7%
ROA-19%8%3%4%7%10%9%10%8%
ROE-10%1%4%7%11%15%12%13%11%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201512/201612/201709/201909/202009/202109/202209/202309/2024TTM
Debt over FCF-1.82-5.81-1.173.82-2.316.711.92-4.4-1.78
Debt over Equity0.770.20.180.570.740.690.590.510.440.5
Growth Stability----100%100%100%100%100%100%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201512/201612/201709/201909/202009/202109/202209/202309/2024CAGR 5Y
Revenue YoY growth--25%-42%275%118%42%15%-5%5%13%
Earnings YoY growth--128%-93%681%84%81%62%-7%22%35%
Equity YoY growth-12%8%34%8%17%18%14%16%16%
FCF YoY growth--307%-131%2K%-143%-282%-135%245%-144%14%