PulteGroup
Market Cap
US$10.7b
Last Updated
2019/11/21 23:37 UTC
Data Sources
Company Financials +
Executive Summary
PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States.
Snowflake
Fundamentals
Proven track record with adequate balance sheet.
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
-0.9%
PHM
-1.3%
US Consumer Durables
-0.2%
US Market
1 Year Return
51.9%
PHM
32.1%
US Consumer Durables
16.1%
US Market
Return vs Industry: PHM exceeded the US Consumer Durables industry which returned 32.1% over the past year.
Return vs Market: PHM exceeded the US Market which returned 16.1% over the past year.
Shareholder returns
| PHM | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.9% | -1.3% | -0.2% |
| 30 Day | -1.1% | -0.2% | 3.7% |
| 90 Day | 19.2% | 13.6% | 8.5% |
| 1 Year | 54.2%51.9% | 34.1%32.1% | 18.7%16.1% |
| 3 Year | 114.3%105.3% | 28.4%22.6% | 46.9%37.4% |
| 5 Year | 96.0%81.3% | 29.8%21.6% | 61.8%44.0% |
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
3 days ago | Simply Wall St
Here's Why PulteGroup (NYSE:PHM) Can Manage Its Debt Responsibly2 weeks ago | Simply Wall St
Estimating The Fair Value Of PulteGroup, Inc. (NYSE:PHM)4 weeks ago | Simply Wall St
Earnings Beat: PulteGroup, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsValuation
Is PulteGroup undervalued compared to its fair value and its price relative to the market?
1.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PHM ($38.98) is trading below our estimate of fair value ($39.47)
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 (11.9x) compared to the Consumer Durables industry average (13.3x).
PE vs Market: PHM is good value based on its PE Ratio (11.9x) compared to the US market (18x).
Price to Earnings Growth Ratio
PEG Ratio: PHM is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: PHM is overvalued based on its PB Ratio (2x) compared to the US Consumer Durables industry average (1.4x).
Next Steps
Future Growth
How is PulteGroup forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
5.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PHM's forecast earnings growth (5.9% per year) is above the savings rate (2.7%).
Earnings vs Market: PHM's earnings (5.9% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: PHM's earnings are forecast to grow, but not significantly.
Revenue vs Market: PHM's revenue (6.8% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: PHM's revenue (6.8% 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 (16.5%).
Next Steps
Past Performance
How has PulteGroup performed over the past 5 years?
16.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PHM has high quality earnings.
Growing Profit Margin: PHM's current net profit margins (8.9%) are higher than last year (8.5%).
Past Earnings Growth Analysis
Earnings Trend: PHM's earnings have grown by 16.2% per year over the past 5 years.
Accelerating Growth: PHM's earnings growth over the past year (6.6%) is below its 5-year average (16.2% per year).
Earnings vs Industry: PHM earnings growth over the past year (6.6%) exceeded the Consumer Durables industry 1.2%.
Return on Equity
High ROE: PHM's Return on Equity (17.7%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is PulteGroup's financial position?
Financial Position Analysis
Short Term Liabilities: PHM's short term assets ($9.5B) exceeds its short term liabilities ($2.2B)
Long Term Liabilities: PHM's short term assets ($9.5B) exceeds its long term liabilities (2.8B)
Debt to Equity History and Analysis
Debt Level: PHM's debt to equity ratio (57.4%) is considered high.
Reducing Debt: PHM's debt to equity ratio has increased from 41% to 57.4% over the past 5 years.
Debt Coverage: PHM's debt is well covered by operating cash flow (34.2%).
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?
1.13%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PHM's dividend (1.13%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: PHM's dividend (1.13%) is low compared to the top 25% of dividend payers in the US market (3.69%).
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 6 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (12.8%), PHM's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of PulteGroup's salary, the management and board of directors tenure and is there insider trading?
2.7yrs
Average management tenure
CEO
Ryan Marshall (44yo)
3.2yrs
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 ($USD11.04M).
Compensation vs Earnings: Ryan's compensation has increased by more than 20% in the past year.
Management Age and Tenure
2.7yrs
Average Tenure
50yo
Average Age
Experienced Management: PHM's management team is considered experienced (2.7 years average tenure).
Board Age and Tenure
3.6yrs
Average Tenure
58.5yo
Average Age
Experienced Board: PHM's board of directors are considered experienced (3.6 years average tenure).
Insider Trading
Insider Buying: PHM insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 10,000 |
| Max Price | US$39.95 |
| Entity | Company |
| Shares | 2,358,459 |
| Max Price | US$34.02 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 21,191 |
| Max Price | US$33.25 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 95,738 |
| Max Price | US$31.52 |
| Entity | Individual |
| Shares | 10,000 |
| Max Price | US$31.19 |
| Entity | Company |
| Shares | 1,330,400 |
| Max Price | US$29.06 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Jim Zeumer
Vice President of Investor Relations & Corporate Communications
- Tenure: 0yrs
Joseph Drouin
VP & Chief Information Officer
- Tenure: 0yrs
Peter Keane (53yo)
President of Florida Area
- Tenure: 0yrs
- Compensation: US$2.75m
Bob O’Shaughnessy (53yo)
Executive VP & CFO
- Tenure: 8.5yrs
- Compensation: US$4.53m
Todd Sheldon (51yo)
Executive VP
- Tenure: 2.7yrs
- Compensation: US$2.24m
Steve Schlageter (48yo)
Senior Vice President of Operations & Strategy
- Tenure: 2.2yrs
- Compensation: US$2.12m
John Chadwick (57yo)
Executive VP & COO
- Tenure: 0.6yrs
- Compensation: US$1.83m
Ryan Marshall (44yo)
President
- Tenure: 3.2yrs
- Compensation: US$9.79m
Manish Shrivastava (49yo)
VP & Chief Marketing Officer
- Tenure: 5.2yrs
Michelle Hairston (42yo)
Senior Vice President of Human Resources
- Tenure: 1.6yrs
Board Members
Rick Dreiling (66yo)
Independent Director
- Tenure: 3.9yrs
- Compensation: US$237.62k
Brian Anderson (68yo)
Independent Director
- Tenure: 14.2yrs
- Compensation: US$260.01k
Bryce Blair (60yo)
Non-Executive Chairman
- Tenure: 2.5yrs
- Compensation: US$310.01k
Tom Folliard (56yo)
Independent Director
- Tenure: 7.8yrs
- Compensation: US$235.01k
Scott Powers (59yo)
Independent Director
- Tenure: 3.3yrs
- Compensation: US$251.08k
John Peshkin (58yo)
Independent Director
- Tenure: 3.3yrs
- Compensation: US$261.78k
André Hawaux (58yo)
Independent Director
- Tenure: 6.5yrs
- Compensation: US$235.01k
Cheryl Grisé (66yo)
Independent Director
- Tenure: 11.5yrs
- Compensation: US$260.01k
Bill Pulte (31yo)
Independent Director
- Tenure: 3.2yrs
- Compensation: US$235.00k
Ryan Marshall (44yo)
President
- Tenure: 3.2yrs
- Compensation: US$9.79m
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$10.742b
- Shares outstanding: 271.00m
- 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 |
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 ho ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/21 23:37 |
| End of Day Share Price | 2019/11/21 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.