Pultegroup Inc

Consumer Discretionary
Homebuilding
www.pultegroupinc.com

Earnings Score

Market Cap $26.22B
PE 9
Debt $NaN
Cash $1.46B
EV $NaN
FCF $1.28B

Earnings

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Sales & Net Margins

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Earnings	$2.88B
ROE	25%
FCF	$1.28B
Equity	$11.56B
Growth Stability	85%
PE	9.11
PEG	0.34
PB	2.27
P/FCF	20.44
P/S	1.51
Price/Cash	0.06
Net Margins	17%
Earnings CAGR	26%
Sales Growth YoY	12%
Sales Growth QoQ	-3%
Sales CAGR	12%
FCF CAGR	17%
Equity CAGR	11%
Earnings Stability	0.96
Earnings Growth YoY	10%
Earnings Growth QoQ	-14%

Earnings CAGR 5Y	26%
Sales CAGR 5Y	13%
FCF CAGR 5Y	1%
Equity CAGR 5Y	17%
Earnings CAGR 3Y	7%
Sales CAGR 3Y	7%
FCF CAGR 3Y	72%
Equity CAGR 3Y	19%
Market Cap	$26.22B
Revenue	$17.32B
Dividend Yield	1%
Payout Ratio	6%
Assets	$16.96B
Cash	$1.46B
Shares Outstanding	206.77M
Earnings Score	95%
Shares Growth 3y	-6%
Equity Growth QoQ	3%
Equity Growth YoY	15%

Assets & ROA

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Stockholders Equity & ROE

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PulteGroup Inc is one of the largest homebuilders in the United States, operating in 40 markets across 23 states. The company mainly builds single-family detached homes (85% of unit sales) and offers products to entry-level, move-up, and active-adult buyers. PulteGroup offers homebuyers mortgage financing and title agency services through its financial services segment. The company is headquartered in Atlanta.

SEC Filings

Direct access to Pultegroup Inc (PHM) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

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

Sector Comparison

How does Pultegroup Inc compare to its competitors?

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Peter Lynch's Chart

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

CAGR 26%

Stability 96%

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Pultegroup Inc Discounted Cash Flow

Fully customizable DCF calculator online for Pultegroup Inc.

Years

Calculation mode

= $42B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$1.3B	$1.5B	$1.8B	$2.1B	$2.4B	$2.8B	$3.3B	$3.8B	$4.5B	$5.2B	$6.1B	$61B
DCF		$1.4B	$1.4B	$1.5B	$1.6B	$1.7B	$1.9B	$2B	$2.1B	$2.2B	$2.4B	$24B
Value	$42B

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	8%	8%	8%	5%	10%	10%	13%	14%	16%	16%	17%
ROA	-	-	-	-	-	-	-	-	-	-	-
ROE	-	10%	13%	11%	21%	18%	21%	26%	29%	25%	25%

Good Net Margins (16.66%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	0.07	0.14	0.03	-
Debt over Equity	-	-	-	-	-	-	-	0.01	0.01	0.01	-
Growth Stability	-	-	-	85%	100%	100%	100%	100%	100%	100%	85%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Neutral Graham’s Stability (85%)

The company has a stability in its earnings that is not too good nor too bad.

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	3%	28%	12%	19%	0%	8%	26%	17%	-1%	13%
Earnings YoY growth	-	4%	22%	-26%	128%	-0%	39%	38%	35%	-0%	26%
Equity YoY growth	-	-1%	-2%	-11%	16%	13%	20%	14%	19%	16%	17%
FCF YoY growth	-	-251%	-107%	2K%	120%	-27%	69%	-46%	-40%	279%	1%