FOR Stock Overview
Forestar Group Inc. operates as a residential lot development company in the United States.
Forestar Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$11.76|
|52 Week High||US$22.60|
|52 Week Low||US$11.22|
|1 Month Change||-6.67%|
|3 Month Change||-14.10%|
|1 Year Change||-38.07%|
|3 Year Change||-35.35%|
|5 Year Change||-28.07%|
|Change since IPO||-48.87%|
Recent News & Updates
Forestar Group Inc. (NYSE:FOR) Analysts Are Reducing Their Forecasts For Next Year
Market forces rained on the parade of Forestar Group Inc. ( NYSE:FOR ) shareholders today, when the analysts downgraded...
|FOR||US Real Estate||US Market|
Return vs Industry: FOR exceeded the US Real Estate industry which returned -46.5% over the past year.
Return vs Market: FOR underperformed the US Market which returned -22.1% over the past year.
|FOR Average Weekly Movement||5.6%|
|Real Estate Industry Average Movement||7.6%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.8%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: FOR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: FOR's weekly volatility (6%) has been stable over the past year.
About the Company
Forestar Group Inc. operates as a residential lot development company in the United States. The acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to homebuilders.
Forestar Group Fundamentals Summary
|FOR fundamental statistics|
Is FOR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FOR income statement (TTM)|
|Cost of Revenue||US$1.25b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Nov 09, 2022
|Earnings per share (EPS)||3.46|
|Net Profit Margin||11.05%|
How did FOR perform over the long term?See historical performance and comparison
Is FOR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FOR?
Other financial metrics that can be useful for relative valuation.
|What is FOR's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does FOR's PE Ratio compare to its peers?
|FOR PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
MLP Maui Land & Pineapple Company
HHC Howard Hughes
STRS Stratus Properties
FOR Forestar Group
Price-To-Earnings vs Peers: FOR is good value based on its Price-To-Earnings Ratio (3.4x) compared to the peer average (14.3x).
Price to Earnings Ratio vs Industry
How does FOR's PE Ratio compare vs other companies in the US Real Estate Industry?
Price-To-Earnings vs Industry: FOR is good value based on its Price-To-Earnings Ratio (3.4x) compared to the US Real Estate industry average (7.4x)
Price to Earnings Ratio vs Fair Ratio
What is FOR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||3.4x|
|Fair PE Ratio||17.1x|
Price-To-Earnings vs Fair Ratio: FOR is good value based on its Price-To-Earnings Ratio (3.4x) compared to the estimated Fair Price-To-Earnings Ratio (17.1x).
Share Price vs Fair Value
What is the Fair Price of FOR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FOR ($11.76) is trading below our estimate of fair value ($196.37)
Significantly Below Fair Value: FOR is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Forestar Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FOR's earnings are forecast to decline over the next 3 years (-24.2% per year).
Earnings vs Market: FOR's earnings are forecast to decline over the next 3 years (-24.2% per year).
High Growth Earnings: FOR's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FOR's revenue is expected to decline over the next 3 years (-0.5% per year).
High Growth Revenue: FOR's revenue is forecast to decline over the next 3 years (-0.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FOR's Return on Equity is forecast to be low in 3 years time (10.7%).
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How has Forestar Group performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FOR has high quality earnings.
Growing Profit Margin: FOR's current net profit margins (11.1%) are higher than last year (7.2%).
Past Earnings Growth Analysis
Earnings Trend: FOR's earnings have grown significantly by 31.9% per year over the past 5 years.
Accelerating Growth: FOR's earnings growth over the past year (90.1%) exceeds its 5-year average (31.9% per year).
Earnings vs Industry: FOR earnings growth over the past year (90.1%) exceeded the Real Estate industry 41.2%.
Return on Equity
High ROE: FOR's Return on Equity (15%) is considered low.
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How is Forestar Group's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: FOR's short term assets ($197.9M) do not cover its short term liabilities ($211.8M).
Long Term Liabilities: FOR's short term assets ($197.9M) do not cover its long term liabilities ($908.1M).
Debt to Equity History and Analysis
Debt Level: FOR's net debt to equity ratio (48.7%) is considered high.
Reducing Debt: FOR's debt to equity ratio has increased from 19.3% to 61.5% over the past 5 years.
Debt Coverage: FOR's debt is not well covered by operating cash flow (3.9%).
Interest Coverage: FOR earns more interest than it pays, so coverage of interest payments is not a concern.
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What is Forestar Group current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Forestar Group Dividend Yield vs Market|
|Company (Forestar Group)||n/a|
|Market Bottom 25% (US)||1.6%|
|Market Top 25% (US)||4.6%|
|Industry Average (Real Estate)||2.7%|
|Analyst forecast in 3 Years (Forestar Group)||0%|
Notable Dividend: Unable to evaluate FOR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FOR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FOR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FOR's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as FOR has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dan Bartok (66 yo)
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 es...
CEO Compensation Analysis
|Dan Bartok's Compensation vs Forestar Group Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||n/a||n/a|
|Sep 30 2021||US$2m||US$350k|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||n/a||n/a|
|Sep 30 2020||US$2m||US$350k|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||n/a||n/a|
|Sep 30 2019||US$1m||US$300k|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||n/a||n/a|
|Sep 30 2018||US$962k||US$225k|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||US$1k||US$1k|
Compensation vs Market: Dan's total compensation ($USD2.26M) is about average for companies of similar size in the US market ($USD2.92M).
Compensation vs Earnings: Dan's compensation has increased by more than 20% in the past year.
Experienced Management: FOR's management team is considered experienced (3.6 years average tenure).
Experienced Board: FOR's board of directors are considered experienced (4.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FOR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|22 Sep 22||BuyUS$23,000||Daniel Bartok||Individual||2,000||US$11.50|
|30 Aug 22||BuyUS$22,914||Daniel Bartok||Individual||1,800||US$12.73|
|29 Aug 22||BuyUS$44,775||James Allen||Individual||3,500||US$12.90|
|27 Jul 22||BuyUS$20,250||Daniel Bartok||Individual||1,500||US$13.50|
|23 Feb 22||BuyUS$18,000||Daniel Bartok||Individual||1,000||US$18.00|
|31 Jan 22||BuyUS$39,525||Daniel Bartok||Individual||2,000||US$19.76|
|20 Dec 21||SellUS$40,480||G. Ringler||Individual||2,000||US$20.24|
|16 Dec 21||SellUS$53,900||Lisa Jamieson||Individual||2,500||US$21.56|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Forestar Group Inc.'s employee growth, exchange listings and data sources
- Name: Forestar Group Inc.
- Ticker: FOR
- Exchange: NYSE
- Founded: NaN
- Industry: Real Estate Development
- Sector: Real Estate
- Implied Market Cap: US$585.171m
- Shares outstanding: 49.76m
- Website: https://www.forestar.com
Number of Employees
- Forestar Group Inc.
- 2221 East Lamar Boulevard
- Suite 790
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FOR||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Dec 2007|
|4F31||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Dec 2007|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 00:00|
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.