Compoundeer Logo
COMPOUNDEER
Uncovering Potential
RankingCompaniesDCF
PHM Logo

Pultegroup Inc

PHM

Operative Builders

Mkt Cap

$24.39B

PE

9.41

Debt

$73.5M

Cash

$1.849B

EV

$22.61B

FCF

$2.105B

Market Cap

$24.39B

P/E Ratio

9.41

Debt

$73.5M

Cash

$1.849B

EV

$22.61B

FCF

$2.105B
Charts data: {"Earnings":[{"time":"2014-12-30","value":471087000},{"time":"2015-12-30","value":490887000},{"time":"2016-12-30","value":597981000},{"time":"2017-12-30","value":442649000},{"time":"2018-12-30","value":1010831000},{"time":"2019-12-30","value":1006329000},{"time":"2020-12-30","value":1394385000},{"time":"2021-12-30","value":1929985000},{"time":"2022-12-30","value":2601141000},{"time":"2023-12-30","value":2592871000}],"Sales":[{"time":"2014-12-30","value":5822363000},{"time":"2015-12-30","value":5981964000},{"time":"2016-12-30","value":7668476000},{"time":"2017-12-30","value":8573250000},{"time":"2018-12-30","value":10188331000},{"time":"2019-12-30","value":10212957000},{"time":"2020-12-30","value":11036082000},{"time":"2021-12-30","value":13926882000},{"time":"2022-12-30","value":16228995000},{"time":"2023-12-30","value":16061578000}],"Net Margins":[{"time":"2014-12-30","value":0.08090993296020876},{"time":"2015-12-30","value":0.08206117589473959},{"time":"2016-12-30","value":0.077979118667125},{"time":"2017-12-30","value":0.051631411658355934},{"time":"2018-12-30","value":0.09921458185840253},{"time":"2019-12-30","value":0.09853453803829781},{"time":"2020-12-30","value":0.12634782887622617},{"time":"2021-12-30","value":0.1385798343089286},{"time":"2022-12-30","value":0.1602773924078478},{"time":"2023-12-30","value":0.1614331418743538}],"Assets":[{"time":"2014-12-30","value":8569410000},{"time":"2015-12-30","value":8967160000},{"time":"2016-12-30","value":10178200000},{"time":"2017-12-30","value":9686649000},{"time":"2018-12-30","value":10172976000},{"time":"2019-12-30","value":10715597000},{"time":"2020-12-30","value":12205498000},{"time":"2021-12-30","value":13352631000},{"time":"2022-12-30","value":14796515000},{"time":"2023-12-30","value":16087050000}],"Stockholders Equity":[{"time":"2014-12-30","value":4804954000},{"time":"2015-12-30","value":4759325000},{"time":"2016-12-30","value":4659363000},{"time":"2017-12-30","value":4154026000},{"time":"2018-12-30","value":4817782000},{"time":"2019-12-30","value":5458180000},{"time":"2020-12-30","value":6569989000},{"time":"2021-12-30","value":7489515000},{"time":"2022-12-30","value":8914098000},{"time":"2023-12-30","value":10383257000}],"ROE":[{"time":"2014-12-30","value":0.09804193755028665},{"time":"2015-12-30","value":0.10314214725827717},{"time":"2016-12-30","value":0.12833964642806323},{"time":"2017-12-30","value":0.1065590345366158},{"time":"2018-12-30","value":0.20981252368828643},{"time":"2019-12-30","value":0.18437079759187128},{"time":"2020-12-30","value":0.21223551515839675},{"time":"2021-12-30","value":0.2576915861708001},{"time":"2022-12-30","value":0.29180080811317083},{"time":"2023-12-30","value":0.24971653884710743}],"ROA":[]}

PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods brand names. As of December 31, 2022, it controlled 211,112 lots, of which 108,848 were owned and 102,264 were under land option agreements. In addition, the company arranges financing through the origination of mortgage loans primarily for homebuyers; sells the servicing rights for the originated loans; and provides title insurance policies, and examination and closing services to homebuyers. The company was founded in 1950 and is headquartered in Atlanta, Georgia.

Sector

  • BZH Logo

    BZH

  • CCS Logo

    CCS

  • DFH Logo

    DFH

  • DHI Logo

    DHI

  • GRBK Logo

    GRBK

  • HOV Logo

    HOV

  • KBH Logo

    KBH

  • LGIH Logo

    LGIH

  • LSEA Logo

    LSEA

  • MDC Logo

    MDC

  • MHO Logo

    MHO

  • MTH Logo

    MTH

  • NVR Logo

    NVR

Growth

%

%

Discount

%

%

Multiple

g\r+10%+11%+12%+13%+14%
0%109887
+1%1110988
+2%13111098
+3%141311109
+4%1714121110
Years012345678910TV
FCF$2.105B$2.736B$3.481B$4.332B$5.27B$6.266B$7.275B$8.245B$9.115B$9.824B$10.32B$103.2B
DCF$2.379B$2.632B$2.848B$3.013B$3.115B$3.145B$3.1B$2.98B$2.793B$2.55B$25.5B
Value$54.05B

In the chart Earnings are multiplied by this value.

Earnings Growth 26%
Earnings Stability 95%


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.

Years12-201512-201612-201712-201812-201912-202012-202112-202212-2023TTM
Net Margin8.2%7.8%5.2%9.9%9.9%13%14%16%16%16%
ROA----------
ROE10%13%11%21%18%21%26%29%25%25%

What is the average Net Margin?

The average Net Margin over the past 5 years is +13.07%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is +1.45%.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is -.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is -.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is +23.43%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is +1.62%.


Safety & Stabiliy

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.

Years12-201512-201612-201712-201812-201912-202012-202112-202212-2023TTM
Debt FCF------0.070.140.030.03
Debt Equity------0.010.010.010.01
MIN
Graham Stability--85%100%100%100%100%100%100%85%

What is the Debt/FCF?

The Debt/FCF trailing twelve month is 0.03.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is -0.02.

What is the Graham’s Stability?

Graham’s Stability measure stands at 0.85.


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.

Years12-201612-201812-202012-2022Trend
Revenue11%9.5%13%-1%-0.53%
Net Income23%21%23%-0.32%1%
Stockholders Equity12%17%16%16%3.1%
FCF84%8.6%6.8%280%-200%

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is +9.53%.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is -0.53%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is +20.73%.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is +1%.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is +16.6%.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is +3.12%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is +8.64%.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is -204.94%.