Stock Analysis Report

Executive Summary

PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States.

Snowflake Analysis

Good value 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




US Consumer Durables


US Market

1 Year Return




US Consumer Durables


US Market

Return vs Industry: PHM exceeded the US Consumer Durables industry which returned 19% over the past year.

Return vs Market: PHM exceeded the US Market which returned 10.2% over the past year.

Shareholder returns

7 Day-9.6%-9.3%-7.6%
30 Day-5.0%-8.3%-4.5%
90 Day5.7%-1.8%-0.6%
1 Year57.4%55.3%20.6%19.0%12.5%10.2%
3 Year94.9%87.1%19.2%13.7%37.1%28.3%
5 Year105.1%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


Is PulteGroup undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: PHM ($42.07) is trading below our estimate of fair value ($54.2)

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 (11.5x) compared to the Consumer Durables industry average (12.4x).

PE vs Market: PHM is good value based on its PE Ratio (11.5x) compared to the US market (17.1x).

Price to Earnings Growth Ratio

PEG Ratio: PHM is poor value based on its PEG Ratio (1.4x)

Price to Book Ratio

PB vs Industry: PHM is overvalued based on its PB Ratio (2.1x) compared to the US Consumer Durables industry average (1.3x).

Next Steps

Future Growth

How is PulteGroup forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PHM's forecast earnings growth (8.2% per year) is above the savings rate (1.7%).

Earnings vs Market: PHM's earnings (8.2% per year) are forecast to grow slower than the US market (13.2% 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 (17.7%).

Next Steps

Past Performance

How has PulteGroup performed over the past 5 years?


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 (9%).

Return on Equity

High ROE: PHM's Return on Equity (18.6%) 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 ($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


What is PulteGroup's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Upcoming Dividend Payment

Purchase PulteGroup before the 'Buy Limit' to receive their next dividend payment.

Dividend Yield vs Market


Current dividend yield vs market & industry

Notable Dividend: PHM's dividend (1.14%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.53%).

High Dividend: PHM's dividend (1.14%) is low compared to the top 25% of dividend payers in the US market (3.96%).

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


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Ryan Marshall (44yo)





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 ($USD9.79M) is about average for companies of similar size in the US market ($USD10.78M).

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

Ryan Marshall
President3.4yrsUS$9.79m0.18% $20.7m
Robert O'Shaughnessy
Executive VP & CFO8.8yrsUS$4.53m0.11% $12.6m
Todd Sheldon
Executive VP2.9yrsUS$2.24m0.024% $2.7m
Stephen Schlageter
Senior Vice President of Operations & Strategy2.4yrsUS$2.12m0.032% $3.7m
John Chadwick
Executive VP & COO0.8yrsUS$1.83m0.026% $3.0m
Joseph Drouin
VP & Chief Information Officer0yrsno datano data
James Zeumer
Vice President of Investor Relations & Corporate Communications0yrsno datano data
Manish Shrivastava
VP & Chief Marketing Officer5.4yrsno datano data
Michelle Hairston
Senior Vice President of Human Resources1.8yrsno data0.021% $2.4m
Peter Keane
President of Florida Area0yrsUS$2.75mno data


Average Tenure


Average Age

Experienced Management: PHM's management team is considered experienced (2.9 years average tenure).

Board Members

Ryan Marshall
President3.4yrsUS$9.79m0.18% $20.7m
Richard Dreiling
Independent Director4.2yrsUS$237.62k0.000010% $1.1k
Brian Anderson
Independent Director14.4yrsUS$260.01k0.023% $2.6m
Bryce Blair
Non-Executive Chairman2.8yrsUS$310.01k0.046% $5.2m
Thomas Folliard
Independent Director8.1yrsUS$235.01k0.023% $2.6m
Scott Powers
Independent Director3.6yrsUS$251.08k0.0061% $688.3k
John Peshkin
Independent Director3.6yrsUS$261.78k0.0021% $236.2k
André Hawaux
Independent Director6.8yrsUS$235.01k0.021% $2.4m
Cheryl Grisé
Independent Director11.8yrsUS$260.01k0.0030% $345.3k
William Pulte
Independent Director3.4yrsUS$235.00k0.55% $62.7m


Average Tenure


Average Age

Experienced Board: PHM's board of directors are considered experienced (3.9 years average tenure).


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


  • PulteGroup, Inc.
  • 3350 Peachtree Road NE
  • Suite 150
  • Atlanta
  • Georgia
  • 30326
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PHMNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 1972
PU7DB (Deutsche Boerse AG)YesCommon StockDEEURFeb 1972
PHM *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNFeb 1972
0KS6LSE (London Stock Exchange)YesCommon StockGBUSDFeb 1972
P1HM34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 COMBRBRLDec 2019


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 23:54
End of Day Share Price2020/02/26 00:00
Annual Earnings2019/12/31

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.