| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 4/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
PHM Overview
PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States.
Rewards
Risk Analysis
No risks detected for PHM from our risk checks.
PulteGroup Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$48.64 |
| 52 Week High | US$39.92 |
| 52 Week Low | US$63.91 |
| Beta | 1.43 |
| 1 Month Change | -5.99% |
| 3 Month Change | -9.37% |
| 1 Year Change | 8.14% |
| 3 Year Change | 85.23% |
| 5 Year Change | 145.53% |
| Change since IPO | 3,142.67% |
Recent News & Updates
Pulte Warns Of Supply Shortages. Who Cares? Buy This Stock
Pulte's stock price got hit on a press release that said supply shortages will reduce this year's home closings. But this will still be a great year for Pulte, as my charts show. Homebuilders’ long-term bullish demand story remains intact. Pulte's current valuation is plain silly.
Here's Why I Think PulteGroup (NYSE:PHM) Is An Interesting Stock
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Is There An Opportunity With PulteGroup, Inc.'s (NYSE:PHM) 48% Undervaluation?
How far off is PulteGroup, Inc. ( NYSE:PHM ) from its intrinsic value? Using the most recent financial data, we'll take...
Buy PulteGroup, Ride Strong New Home Demand And PHM's Raging Cash Flow
New home demand should remain strong for the next five years because housing is in seriously short supply. Pulte has steadily improved its gross and overhead margins over the past decade, and has sharply increased its free cash earned per home. Pulte is increasingly using a capital-lite land management strategy, which is allowing management to steadily reduce its share count and increase EPS. I believe the stock should double by '25, and is unlikely to be lower then.
Shareholder Returns
| PHM | US Consumer Durables | US Market | |
|---|---|---|---|
| 7D | 1.5% | -0.8% | -0.6% |
| 1Y | 8.1% | 36.8% | 33.8% |
Return vs Industry: PHM underperformed the US Consumer Durables industry which returned 36.8% over the past year.
Return vs Market: PHM underperformed the US Market which returned 33.8% over the past year.
Price Volatility
| PHM volatility | |
|---|---|
| PHM Beta | 1.43 |
| Industry Beta | 1.45 |
| Market Beta | 1 |
Stable Share Price: PHM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PHM's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1950 | 5,249 | Ryan Marshall | https://www.pultegroup.com |
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, American West, and John Wieland Homes and Neighborhoods brand names.
Valuation
Is PulteGroup undervalued compared to its fair value and its price relative to the market?
44.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PHM ($48.64) is trading below our estimate of fair value ($87.08)
Significantly Below Fair Value: PHM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PHM is good value based on its PE Ratio (7.7x) compared to the US Consumer Durables industry average (11x).
PE vs Market: PHM is good value based on its PE Ratio (7.7x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: PHM is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: PHM is good value based on its PB Ratio (1.8x) compared to the US Consumer Durables industry average (2x).
Future Growth
How is PulteGroup forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
19.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PHM's forecast earnings growth (19.8% per year) is above the savings rate (2%).
Earnings vs Market: PHM's earnings (19.8% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: PHM's earnings are forecast to grow, but not significantly.
Revenue vs Market: PHM's revenue (13.9% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: PHM's revenue (13.9% 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 high in 3 years time (26%)
Past Performance
How has PulteGroup performed over the past 5 years?
23.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PHM has high quality earnings.
Growing Profit Margin: PHM's current net profit margins (13.5%) are higher than last year (10.8%).
Past Earnings Growth Analysis
Earnings Trend: PHM's earnings have grown significantly by 23.1% per year over the past 5 years.
Accelerating Growth: PHM's earnings growth over the past year (43.3%) exceeds its 5-year average (23.1% per year).
Earnings vs Industry: PHM earnings growth over the past year (43.3%) underperformed the Consumer Durables industry 71.4%.
Return on Equity
High ROE: PHM's Return on Equity (23.9%) is considered high.
Financial Health
How is PulteGroup's financial position?
Financial Position Analysis
Short Term Liabilities: PHM's short term assets ($11.2B) exceed its short term liabilities ($2.1B).
Long Term Liabilities: PHM's short term assets ($11.2B) exceed its long term liabilities ($3.0B).
Debt to Equity History and Analysis
Debt Level: PHM's debt to equity ratio (34.5%) is considered satisfactory.
Reducing Debt: PHM's debt to equity ratio has reduced from 58.5% to 34.5% over the past 5 years.
Debt Coverage: PHM's debt is well covered by operating cash flow (58.7%).
Interest Coverage: PHM earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is PulteGroup current dividend yield, its reliability and sustainability?
1.15%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PHM's dividend (1.15%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: PHM's dividend (1.15%) is low compared to the top 25% of dividend payers in the US market (3.6%).
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 8 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (8.4%), 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 (6.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.5yrs
Average management tenure
CEO
Ryan Marshall (46 yo)
5yrs
Tenure
US$13,157,584
Compensation
Mr. Ryan R. Marshall serves as Director at Floor & Decor Holdings, Inc. since January 1, 2021. He has been the Chief Executive Officer of PulteGroup, Inc. since September 8, 2016 and its President since Fe...
CEO Compensation Analysis
Compensation vs Market: Ryan's total compensation ($USD13.16M) is about average for companies of similar size in the US market ($USD11.36M).
Compensation vs Earnings: Ryan's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: PHM's management team is considered experienced (4.5 years average tenure).
Board Members
Experienced Board: PHM's board of directors are considered experienced (5.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 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$12.623b
- Shares outstanding: 259.52m
- Website: https://www.pultegroup.com
Number of Employees
Location
- PulteGroup, Inc.
- 3350 Peachtree Road NE
- Suite 150
- Atlanta
- Georgia
- 30326
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/18 22:03 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.