Forestar Group
Market Cap
US$1.1b
Last Updated
2021/01/18 23:03 UTC
Data Sources
Company Financials +
Executive Summary
Forestar Group Inc. operates as a residential lot development company in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential and fair value.
Similar Companies
Share Price & News
How has Forestar Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FOR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: FOR's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
2.5%
FOR
-0.6%
US Real Estate
-0.4%
US Market
1 Year Return
-1.3%
FOR
4.5%
US Real Estate
19.5%
US Market
Return vs Industry: FOR underperformed the US Real Estate industry which returned 4.5% over the past year.
Return vs Market: FOR underperformed the US Market which returned 19.6% over the past year.
Shareholder returns
| FOR | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.5% | -0.6% | -0.4% |
| 30 Day | 5.4% | 0.4% | 2.3% |
| 90 Day | 20.2% | 9.5% | 12.7% |
| 1 Year | -1.3%-1.3% | 7.3%4.5% | 22.3%19.5% |
| 3 Year | 0%0% | 12.8%4.8% | 44.4%34.8% |
| 5 Year | 148.9%148.9% | 44.3%27.0% | 128.7%103.3% |
Long-Term Price Volatility Vs. Market
How volatile is Forestar Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
How Much Does Forestar Group's (NYSE:FOR) CEO Make?3 weeks ago | Simply Wall St
Do Its Financials Have Any Role To Play In Driving Forestar Group Inc.'s (NYSE:FOR) Stock Up Recently?1 month ago | Simply Wall St
Are Forestar Group's (NYSE:FOR) Statutory Earnings A Good Reflection Of Its Earnings Potential?Valuation
Is Forestar Group undervalued compared to its fair value and its price relative to the market?
17.3x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate FOR's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate FOR's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: FOR is good value based on its PE Ratio (17.3x) compared to the US Real Estate industry average (37.5x).
PE vs Market: FOR is good value based on its PE Ratio (17.3x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: FOR is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: FOR's PB Ratio (1.2x) is in line with the US Real Estate industry average.
Next Steps
Future Growth
How is Forestar Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
27.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FOR's forecast earnings growth (27.6% per year) is above the savings rate (2%).
Earnings vs Market: FOR's earnings (27.6% per year) are forecast to grow faster than the US market (21.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FOR's revenue (17.7% per year) is forecast to grow faster than the US market (10.3% per year).
High Growth Revenue: FOR's revenue (17.7% per year) is forecast to grow slower than 20% 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 (8.9%).
Next Steps
Past Performance
How has Forestar Group performed over the past 5 years?
29.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FOR has a high level of non-cash earnings.
Growing Profit Margin: FOR's current net profit margins (6.5%) are lower than last year (7.7%).
Past Earnings Growth Analysis
Earnings Trend: FOR has become profitable over the past 5 years, growing earnings by 29.3% per year.
Accelerating Growth: FOR's earnings growth over the past year (83.4%) exceeds its 5-year average (29.3% per year).
Earnings vs Industry: FOR earnings growth over the past year (83.4%) exceeded the Real Estate industry -7.9%.
Return on Equity
High ROE: FOR's Return on Equity (7.1%) is considered low.
Next Steps
Financial Health
How is Forestar Group's financial position?
Financial Position Analysis
Short Term Liabilities: FOR's short term assets ($416.2M) exceed its short term liabilities ($99.2M).
Long Term Liabilities: FOR's short term assets ($416.2M) do not cover its long term liabilities ($768.9M).
Debt to Equity History and Analysis
Debt Level: FOR's debt to equity ratio (73.5%) is considered high.
Reducing Debt: FOR's debt to equity ratio has reduced from 85.4% to 73.5% over the past 5 years.
Debt Coverage: FOR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FOR earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Forestar Group current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
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.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FOR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Dan Bartok (64 yo)
3.08yrs
Tenure
US$1,585,588
Compensation
Mr. Daniel C. Bartok, also known as Dan, has been Chief Executive Officer of Forestar Group Inc since December 29, 2017. Mr. Bartok joins Forestar Group Inc with more than 35 years of experience in real es...
CEO Compensation Analysis
Compensation vs Market: Dan's total compensation ($USD1.59M) is below average for companies of similar size in the US market ($USD2.41M).
Compensation vs Earnings: Dan's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 3.25yrs | US$1.75m | 0.067% $ 707.4k | |
| Chief Executive Officer | 3.08yrs | US$1.59m | 0.043% $ 453.3k | |
| CFO, Treasurer & Principal Accounting Officer | 0.83yr | US$570.38k | 0.011% $ 113.9k | |
| Senior VP & General Counsel | no data | no data | no data | |
| President of East Region | 3.25yrs | US$657.00k | no data | |
| President of West Region | 18yrs | no data | no data | |
| Senior Vice President of Real Estate Market Research & Investment | 14yrs | no data | no data | |
| VP & Corporate Secretary | no data | no data | no data |
3.3yrs
Average Tenure
62yo
Average Age
Experienced Management: FOR's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 3.25yrs | US$1.75m | 0.067% $ 707.4k | |
| Independent Director | 3.25yrs | US$116.01k | 0.015% $ 153.3k | |
| Independent Director | 1.42yrs | US$226.31k | 0.0042% $ 43.8k | |
| Independent Director | 3.25yrs | US$116.01k | 0.0062% $ 65.7k | |
| Independent Director | 3.25yrs | US$116.01k | 0.015% $ 153.3k |
3.3yrs
Average Tenure
72yo
Average Age
Experienced Board: FOR's board of directors are considered experienced (3.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FOR insiders have only sold shares 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
Forestar Group Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Forestar Group Inc.
- Ticker: FOR
- Exchange: NYSE
- Founded: 1955
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: US$1.053b
- Shares outstanding: 48.07m
- Website: https://www.forestar.com
Number of Employees
Location
- Forestar Group Inc.
- 2221 East Lamar Boulevard
- Suite 790
- Arlington
- Texas
- 76006
- United States
Listings
| 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 |
Biography
Forestar Group Inc. operates as a residential lot development company in the United States. It engages in the acquisition, entitlement, and development of infrastructure for single-family residential commu...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 23:03 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/09/30 |
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.