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Forestar Group

NYSE:FOR
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FOR
NYSE
$776M
Market Cap
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Last updated 2019/05/22 06:03
Company description

Forestar Group Inc. operates as a real estate lot development company. The last earnings update was 22 days ago. More info.

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FOR Share Price and Events
7 Day Returns
-0.3%
NYSE:FOR
-0.5%
US Real Estate
1.6%
US Market
1 Year Returns
-20.5%
NYSE:FOR
-16.7%
US Real Estate
2.6%
US Market
FOR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Forestar Group (FOR) -0.3% 1.1% 5.1% -20.5% 50.7% 4.9%
US Real Estate -0.5% -7.4% -9.2% -16.7% 18.9% 2.5%
US Market 1.6% -1.7% 2.1% 2.6% 38.5% 41.4%
1 Year Return vs Industry and Market
  • FOR underperformed the Real Estate industry which returned -16.7% over the past year.
  • FOR underperformed the Market in United States of America which returned 2.6% over the past year.
Price Volatility
FOR
Industry
5yr Volatility vs Market

FOR Value

 Is Forestar Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Forestar Group. This is due to cash flow or dividend data being unavailable. The share price is $18.49.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Forestar Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Forestar Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:FOR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.99
NYSE:FOR Share Price ** NYSE (2019-05-21) in USD $18.49
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.11x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Forestar Group.

NYSE:FOR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:FOR Share Price ÷ EPS (both in USD)

= 18.49 ÷ 2.99

 6.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Forestar Group is good value based on earnings compared to the US Real Estate industry average.
  • Forestar Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Forestar Group's expected growth come at a high price?
Raw Data
NYSE:FOR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts		 6.1%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NYSE:FOR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.18x ÷ 6.1%

 1.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Forestar Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Forestar Group's assets?
Raw Data
NYSE:FOR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $16.37
NYSE:FOR Share Price * NYSE (2019-05-21) in USD $18.49
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.51x
United States of America Market PB Ratio Median Figure of 5,202 Publicly-Listed Companies 1.84x
NYSE:FOR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:FOR Share Price ÷ Book Value per Share (both in USD)

= 18.49 ÷ 16.37

 1.13x

* Primary Listing of Forestar Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Forestar Group is good value based on assets compared to the US Real Estate industry average.
Show me more potentially undervalued companies in the Real Estate industry
X
Value checks
We assess Forestar Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
    5. Forestar Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FOR Future Performance

 How is Forestar Group expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Forestar Group expected to grow at an attractive rate?
  • Forestar Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Forestar Group's earnings growth is positive but not above the United States of America market average.
  • Forestar Group's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:FOR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:FOR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 6.1%
NYSE:FOR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 60.4%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:FOR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:FOR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30 973 -99 74 2
2020-09-30 763 -289 54 3
2019-09-30 335 -441 25 3
NYSE:FOR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 155 -523 125
2018-12-31 112 -519 120
2018-09-30 104 -377 92
2018-06-30 110 -187 -3
2018-03-31 115 -128 -16
2017-12-31 114 -15 4
2017-09-30 148 38 64
2017-06-30 162 43 71
2017-03-31 182 59 86
2016-12-31 197 67 65
2016-09-30 238 80 63
2016-06-30 223 65 -9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Forestar Group's earnings are expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).
  • Forestar Group's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:FOR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Forestar Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FOR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30 1.50 1.51 1.49 2.00
2020-09-30 0.95 1.04 0.80 3.00
2019-09-30 0.57 0.60 0.55 3.00
NYSE:FOR Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.99
2018-12-31 2.86
2018-09-30 2.19
2018-06-30 -0.07
2018-03-31 -0.38
2017-12-31 0.10
2017-09-30 1.59
2017-06-30 1.86
2017-03-31 2.36
2016-12-31 1.88
2016-09-30 1.84
2016-06-30 -0.28

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Forestar Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Show me more growth companies in the Real Estate industry
X
Future performance checks
We assess Forestar Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Forestar Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FOR Past Performance

  How has Forestar Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Forestar Group's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Forestar Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Forestar Group has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Forestar Group has become profitable in the last year making it difficult to compare the US Real Estate industry average.
Earnings and Revenue History
Forestar Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Forestar Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FOR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 154.73 125.45 16.34
2018-12-31 112.03 119.85 15.64
2018-09-30 104.43 91.75 15.94
2018-06-30 110.17 -2.80 13.33
2018-03-31 114.62 -16.03 14.11
2017-12-31 114.32 4.22 19.32
2017-09-30 147.95 64.47 20.61
2017-06-30 162.02 71.49 20.74
2017-03-31 182.00 85.98 21.36
2016-12-31 197.31 65.03 22.70
2016-09-30 238.21 62.86 20.65
2016-06-30 223.19 -9.44 22.39
2016-03-31 218.82 -17.64 22.67
2015-12-31 218.58 -26.92 29.28
2015-09-30 193.50 -69.90 30.79
2015-06-30 220.16 -8.34 33.73
2015-03-31 259.54 1.09 41.91
2014-12-31 238.16 33.18 26.34
2014-09-30 324.85 35.65 44.92
2014-06-30 341.11 43.20 44.56
2014-03-31 318.18 31.82 40.07
2013-12-31 331.05 28.74 47.89
2013-09-30 301.23 26.35 43.81
2013-06-30 266.74 13.82 45.17
2013-03-31 241.97 14.09 40.87
2012-12-31 172.59 12.94 35.54
2012-09-30 158.02 -19.97 36.35
2012-06-30 143.65 17.16 26.41

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Forestar Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Forestar Group used its assets more efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Forestar Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Forestar Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Forestar Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FOR Health

 How is Forestar Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Forestar Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Forestar Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Forestar Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Forestar Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Forestar Group Company Filings, last reported 1 month ago.

NYSE:FOR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 687.80 149.20 66.40
2018-12-31 678.00 112.90 154.20
2018-09-30 674.58 111.70 318.79
2018-06-30 620.19 110.52 367.76
2018-03-31 610.01 109.83 436.40
2017-12-31 605.63 108.43 323.00
2017-09-30 631.26 115.51 395.36
2017-06-30 585.76 113.37 381.39
2017-03-31 587.33 111.78 337.43
2016-12-31 562.12 110.36 265.80
2016-09-30 517.18 112.35 122.13
2016-06-30 507.03 114.19 107.42
2016-03-31 500.47 372.76 142.65
2015-12-31 504.12 381.52 96.44
2015-09-30 508.41 435.30 92.64
2015-06-30 670.38 434.84 98.76
2015-03-31 703.39 434.41 126.26
2014-12-31 709.74 432.74 170.13
2014-09-30 745.43 429.30 170.61
2014-06-30 737.88 400.33 184.17
2014-03-31 722.13 345.41 147.98
2013-12-31 715.40 357.41 192.31
2013-09-30 580.15 335.17 54.77
2013-06-30 565.49 331.65 69.14
2013-03-31 561.29 328.62 86.65
2012-12-31 533.55 294.06 10.36
2012-09-30 521.26 276.65 10.28
2012-06-30 519.60 201.94 45.47
  • Forestar Group's level of debt (21.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (47.9% vs 21.7% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Forestar Group earns more interest than it pays, coverage of interest payments is not a concern.
Show me more healthy companies in the Real Estate industry
X
Financial health checks
We assess Forestar Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Forestar Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FOR Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.24%
Current annual income from Forestar Group dividends. Estimated to be 0% next year.
If you bought $2,000 of Forestar Group shares you are expected to receive $65 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Forestar Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Forestar Group's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:FOR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:FOR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30
2020-09-30 0.00 1.00
2019-09-30 0.00 1.00
NYSE:FOR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-25 0.600 3.397

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Forestar Group has stable dividend payments.
  • Forestar Group only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Forestar Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Forestar Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Forestar Group's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Forestar Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Forestar Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Forestar Group has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FOR Management

 What is the CEO of Forestar Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dan Bartok
COMPENSATION $961,930
AGE 62
TENURE AS CEO 1.4 years
CEO Bio

Mr. Daniel C. Bartok, also known as Dan, has been Chief Executive Officer of Forestar Group Inc since December 29, 2017. Mr. Bartok joins Forestar Group Inc with more than 35 years of experience in real estate, most recently served as the Executive Vice President of Owned Real Estate for Wells Fargo. Prior to joining that, he was President of Clarion Realty, Inc. a real estate development company operating across multiple states, with an emphasis on residential land development and homebuilding. Mr. Bartok holds a Bachelor of Sciences degree in Accountancy from the University of Illinois and began his career at Price Waterhouse.

CEO Compensation
  • Insufficient data for Dan to compare compensation growth.
  • Dan's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Forestar Group management team in years:

3.7
Average Tenure
59
Average Age
  • The tenure for the Forestar Group management team is about average.
Management Team

Don Tomnitz

TITLE
Executive Chairman
COMPENSATION
$609K
AGE
70

Dan Bartok

TITLE
Chief Executive Officer
COMPENSATION
$962K
AGE
62
TENURE
1.4 yrs

Chuck Jehl

TITLE
Executive VP
COMPENSATION
$734K
AGE
50
TENURE
3.7 yrs

Matt Stark

TITLE
Senior VP & General Counsel

Michael Quinley

TITLE
President of East Region
COMPENSATION
$657K
AGE
56
TENURE
1.6 yrs

Tom Burleson

TITLE
President of West Region
TENURE
16.3 yrs

Mary Cowser

TITLE
Senior Vice President of Real Estate Market Research & Investment
TENURE
12.3 yrs

Thomas Montano

TITLE
VP & Corporate Secretary
Board of Directors Tenure

Average tenure and age of the Forestar Group board of directors in years:

1.6
Average Tenure
70
Average Age
  • The average tenure for the Forestar Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Don Tomnitz

TITLE
Executive Chairman
COMPENSATION
$609K
AGE
70
TENURE
1.6 yrs

Samuel Fuller

TITLE
Director
COMPENSATION
$51K
AGE
75
TENURE
1.6 yrs

Rick Ringler

TITLE
Director
COMPENSATION
$51K
AGE
70
TENURE
1.6 yrs

Donald Spitzer

TITLE
Director
COMPENSATION
$51K
AGE
68
TENURE
1.6 yrs

M. Hudson

TITLE
Director
COMPENSATION
$49K
AGE
45
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
26. Dec 18 Buy Daniel Bartok Individual 20. Dec 18 20. Dec 18 1,000 $14.50 $14,500
19. Dec 18 Buy M. Hudson Individual 18. Dec 18 18. Dec 18 25,000 $13.15 $328,750
17. Dec 18 Buy Daniel Bartok Individual 13. Dec 18 13. Dec 18 1,000 $13.99 $13,993
03. Dec 18 Buy Daniel Bartok Individual 29. Nov 18 29. Nov 18 1,000 $15.81 $15,810
29. Nov 18 Buy Donald Tomnitz Individual 27. Nov 18 27. Nov 18 3,915 $16.19 $63,219
20. Jun 18 Buy Daniel Bartok Individual 18. Jun 18 19. Jun 18 1,000 $22.50 $22,250
18. Jun 18 Buy Donald Tomnitz Individual 15. Jun 18 15. Jun 18 4,500 $22.75 $102,375
X
Management checks
We assess Forestar Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Forestar Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FOR News

Simply Wall St News

How Good Is Forestar Group Inc (NYSE:FOR), When It Comes To ROE?

By way of learning-by-doing, we'll look at ROE to gain a better understanding Forestar Group Inc (NYSE:FOR). … That means that for every $1 worth of shareholders' equity, it generated $0.14 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Forestar Group Inc (NYSE:FOR): Risks You Need To Consider Before Buying

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

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What Investors Should Know About Forestar Group Inc's (NYSE:FOR) Financial Strength

Forestar Group Inc (NYSE:FOR) is a small-cap stock with a market capitalization of US$891.20m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

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Who Really Owns Forestar Group Inc (NYSE:FOR)?

In this article, I'm going to take a look at Forestar Group Inc’s (NYSE:FOR) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … NYSE:FOR Insider_trading May 21st 18 Public Company Ownership Another important group of owners for potential investors in FOR are other public companies that hold a stake of 74.99% in FOR. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: With significant institutional ownership, including active hedge, existing investors should seek a margin of safety when investing in FOR.

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Will Forestar Group Inc (NYSE:FOR) Continue To Underperform Its Industry?

View our latest analysis for Forestar Group What you must know about ROE Return on Equity (ROE) is a measure of Forestar Group’s profit relative to its shareholders’ equity. … Since Forestar Group’s return does not cover its cost, with a difference of -7.55%, this means its current use of equity is not efficient and not sustainable. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NYSE:FOR Last Perf Mar 20th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

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How Financially Strong Is Forestar Group Inc (NYSE:FOR)?

How does FOR’s operating cash flow stack up against its debt? … On top of this, FOR has generated US$66.88M in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 60.60%, meaning that FOR’s operating cash is sufficient to cover its debt. … For FOR, the ratio of 2.19x suggests that interest is not strongly covered, which means that lenders may refuse to lend the company more money, as it is seen as too risky in terms of default.Next Steps: FOR has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at a safe level.

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FOR Company Info

Description

Forestar Group Inc. operates as a real estate lot development company. It engages in the acquisition, entitlement, and development of infrastructure for single-family residential communities. Forestar Group Inc. sells residential lots primarily to homebuilders, as well as sells commercial properties. The company is headquartered in Austin, Texas. Forestar Group Inc. operates as a subsidiary of D.R. Horton, Inc.

Details
Name: Forestar Group Inc.
FOR
Exchange: NYSE
Founded:
$775,837,922
41,959,866
Website: http://www.forestar.com
Address: Forestar Group Inc.
10700 Pecan Park Boulevard,
Suite 150,
Austin,
Texas, 78750,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE FOR Common Stock New York Stock Exchange US USD 12. Dec 2007
DB 4F31 Common Stock Deutsche Boerse AG DE EUR 12. Dec 2007
Number of employees
Current staff
Staff numbers
41
Forestar Group employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 06:03
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/09
Last earnings filing: 2019/04/30
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

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