PulteGroup
Market Cap
US$11.4b
Last Updated
2020/02/26 23:54 UTC
Data Sources
Company Financials +
Executive Summary
PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States.
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet and fair value.
Similar Companies
Share Price & News
How has PulteGroup's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PHM has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-9.6%
PHM
-9.3%
US Consumer Durables
-7.6%
US Market
1 Year Return
55.3%
PHM
19.0%
US Consumer Durables
10.2%
US Market
Return vs Industry: PHM exceeded the US Consumer Durables industry which returned 25.1% over the past year.
Return vs Market: PHM exceeded the US Market which returned 14% over the past year.
Shareholder returns
| PHM | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.6% | -9.3% | -7.6% |
| 30 Day | -5.0% | -8.3% | -4.5% |
| 90 Day | 5.7% | -1.8% | -0.6% |
| 1 Year | 57.4%55.3% | 20.6%19.0% | 12.5%10.2% |
| 3 Year | 94.9%87.1% | 19.2%13.7% | 37.1%28.3% |
| 5 Year | 105.1%89.9% | 28.3%19.6% | 60.8%43.2% |
Price Volatility Vs. Market
How volatile is PulteGroup's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Should You Be Concerned About PulteGroup, Inc.'s (NYSE:PHM) Earnings Growth?2 weeks ago | Simply Wall St
Does PulteGroup, Inc.'s (NYSE:PHM) P/E Ratio Signal A Buying Opportunity?3 weeks ago | Simply Wall St
US$48.04 - That's What Analysts Think PulteGroup, Inc. Is Worth After These ResultsValuation
Is PulteGroup undervalued compared to its fair value and its price relative to the market?
22.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PHM ($45.25) is trading below our estimate of fair value ($54.42)
Significantly Below Fair Value: PHM is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: PHM is good value based on its PE Ratio (12.3x) compared to the Consumer Durables industry average (13.3x).
PE vs Market: PHM is good value based on its PE Ratio (12.3x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: PHM is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: PHM is overvalued based on its PB Ratio (2.2x) compared to the US Consumer Durables industry average (1.5x).
Next Steps
Future Growth
How is PulteGroup forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
8.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PHM's forecast earnings growth (7.8% per year) is above the savings rate (1.7%).
Earnings vs Market: PHM's earnings (7.8% per year) are forecast to grow slower than the US market (13.1% per year).
High Growth Earnings: PHM's earnings are forecast to grow, but not significantly.
Revenue vs Market: PHM's revenue (7.7% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: PHM's revenue (7.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PHM's Return on Equity is forecast to be low in 3 years time (17.5%).
Next Steps
Past Performance
How has PulteGroup performed over the past 5 years?
17.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PHM has high quality earnings.
Growing Profit Margin: PHM's current net profit margins (9.9%) are lower than last year (9.9%).
Past Earnings Growth Analysis
Earnings Trend: PHM's earnings have grown by 17.1% per year over the past 5 years.
Accelerating Growth: PHM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PHM had negative earnings growth (-0.4%) over the past year, making it difficult to compare to the Consumer Durables industry average (5.5%).
Return on Equity
High ROE: PHM's Return on Equity (18.6%) is considered low.
Next Steps
Financial Health
How is PulteGroup's financial position?
Financial Position Analysis
Short Term Liabilities: PHM's short term assets ($10.1B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: PHM's short term assets ($10.1B) exceed its long term liabilities ($3.4B).
Debt to Equity History and Analysis
Debt Level: PHM's debt to equity ratio (57.6%) is considered high.
Reducing Debt: PHM's debt to equity ratio has increased from 41.9% to 57.6% over the past 5 years.
Debt Coverage: PHM's debt is well covered by operating cash flow (34.3%).
Interest Coverage: PHM earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: PHM has a high level of physical assets or inventory.
Debt Coverage by Assets: PHM's debt is covered by short term assets (assets are 3.2x debt).
Next Steps
Dividend
What is PulteGroup's current dividend yield, its reliability and sustainability?
1.14%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: PHM's dividend (1.06%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.48%).
High Dividend: PHM's dividend (1.06%) is low compared to the top 25% of dividend payers in the US market (3.77%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, PHM has been paying a dividend for less than 10 years.
Growing Dividend: PHM's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (12%), PHM's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PHM's dividends in 3 years are forecast to be thoroughly covered by earnings (9.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.9yrs
Average management tenure
CEO
Ryan Marshall (44yo)
3.4yrs
Tenure
US$9,793,261
Compensation
Mr. Ryan R. Marshall has been the Chief Executive Officer of PulteGroup, Inc. since September 8, 2016 and its President since February 15, 2016. Mr. Marshall is responsible for PulteGroup's homebuilding op ...
CEO Compensation Analysis
Compensation vs Market: Ryan's total compensation ($USD9.79M) is about average for companies of similar size in the US market ($USD10.82M).
Compensation vs Earnings: Ryan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.4yrs | US$9.79m | 0.18% $20.7m | |
| Executive VP & CFO | 8.8yrs | US$4.53m | 0.11% $12.6m | |
| Executive VP | 2.9yrs | US$2.24m | 0.024% $2.7m | |
| Senior Vice President of Operations & Strategy | 2.4yrs | US$2.12m | 0.032% $3.7m | |
| Executive VP & COO | 0.8yrs | US$1.83m | 0.026% $3.0m | |
| VP & Chief Information Officer | 0yrs | no data | no data | |
| Vice President of Investor Relations & Corporate Communications | 0yrs | no data | no data | |
| VP & Chief Marketing Officer | 5.4yrs | no data | no data | |
| Senior Vice President of Human Resources | 1.8yrs | no data | 0.021% $2.4m | |
| President of Florida Area | 0yrs | US$2.75m | no data |
2.9yrs
Average Tenure
50yo
Average Age
Experienced Management: PHM's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.4yrs | US$9.79m | 0.18% $20.7m | |
| Independent Director | 4.2yrs | US$237.62k | 0.000010% $1.1k | |
| Independent Director | 14.4yrs | US$260.01k | 0.023% $2.6m | |
| Non-Executive Chairman | 2.8yrs | US$310.01k | 0.046% $5.2m | |
| Independent Director | 8.1yrs | US$235.01k | 0.023% $2.6m | |
| Independent Director | 3.6yrs | US$251.08k | 0.0061% $688.3k | |
| Independent Director | 3.6yrs | US$261.78k | 0.0021% $236.2k | |
| Independent Director | 6.8yrs | US$235.01k | 0.021% $2.4m | |
| Independent Director | 11.8yrs | US$260.01k | 0.0030% $345.3k | |
| Independent Director | 3.4yrs | US$235.00k | 0.55% $62.7m |
3.9yrs
Average Tenure
58.5yo
Average Age
Experienced Board: PHM's board of directors are considered experienced (3.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PHM insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
PulteGroup, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: PulteGroup, Inc.
- Ticker: PHM
- Exchange: NYSE
- Founded: 1950
- Industry: Homebuilding
- Sector: Consumer Durables
- Market Cap: US$11.358b
- Shares outstanding: 269.98m
- Website: https://www.pultegroupinc.com
Number of Employees
Location
- PulteGroup, Inc.
- 3350 Peachtree Road NE
- Suite 150
- Atlanta
- Georgia
- 30326
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PHM | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Feb 1972 |
| PU7 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 1972 |
| PHM * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Feb 1972 |
| 0KS6 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Feb 1972 |
| P1HM34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REPR 1 COM | BR | BRL | Dec 2019 |
Biography
PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names. As of December 31, 2018, the company controlled 89,530 owned lots and 60,047 lots under land option agreements. It also 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 formerly known as Pulte Homes, Inc. and changed its name to PulteGroup, Inc. in March 2010. PulteGroup, Inc. was founded in 1950 and is headquartered in Atlanta, Georgia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/26 23:54 |
| End of Day Share Price | 2020/02/26 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.