Forestar Group
Market Cap
US$957.1m
Last Updated
2019/11/11 23:59 UTC
Data Sources
Company Financials +
Executive Summary
Forestar Group Inc. operates as a real estate lot development company.
Snowflake
Fundamentals
High 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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
3.9%
FOR
1.2%
US Real Estate
0.3%
US Market
1 Year Return
30.0%
FOR
11.3%
US Real Estate
12.5%
US Market
Return vs Industry: FOR exceeded the US Real Estate industry which returned 11.3% over the past year.
Return vs Market: FOR exceeded the US Market which returned 12.5% over the past year.
Shareholder returns
| FOR | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.9% | 1.2% | 0.3% |
| 30 Day | 8.6% | 7.1% | 4.1% |
| 90 Day | 4.7% | 7.6% | 5.6% |
| 1 Year | 30.0%30.0% | 12.3%11.3% | 15.0%12.5% |
| 3 Year | 59.5%59.5% | 33.9%30.7% | 49.1%39.4% |
| 5 Year | 19.2%19.2% | 11.7%8.1% | 62.8%44.7% |
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
1 day ago | Simply Wall St
Forestar Group Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next2 weeks ago | Simply Wall St
Should You Think About Buying Forestar Group Inc. (NYSE:FOR) Now?1 month ago | Simply Wall St
How Does Investing In Forestar Group Inc. (NYSE:FOR) Impact The Volatility Of Your Portfolio?Valuation
Is Forestar Group undervalued compared to its fair value and its price relative to the market?
25.38x
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 (25.4x) compared to the Real Estate industry average (25.4x).
PE vs Market: FOR is poor value based on its PE Ratio (25.4x) compared to the US market (18.3x).
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 is good value based on its PB Ratio (1.2x) compared to the US Real Estate industry average (1.6x).
Next Steps
Future Growth
How is Forestar Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
39.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FOR's forecast earnings growth (39.8% per year) is above the savings rate (2.7%).
Earnings vs Market: FOR's earnings (39.8% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FOR's revenue (38.5% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: FOR's revenue (38.5% per year) is forecast to grow faster 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 (7.8%).
Next Steps
Past Performance
How has Forestar Group performed over the past 5 years?
39.0%
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 (7.7%) are lower than last year (87.9%).
Past Earnings Growth Analysis
Earnings Trend: FOR's earnings have grown significantly by 39% per year over the past 5 years.
Accelerating Growth: FOR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FOR had negative earnings growth (-64%) over the past year, making it difficult to compare to the Real Estate industry average (-28.2%).
Return on Equity
High ROE: FOR's Return on Equity (4.5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Forestar Group's financial position?
Financial Position Analysis
Short Term Liabilities: FOR's short term assets ($386.0M) exceeds its short term liabilities ($96.4M)
Long Term Liabilities: FOR's short term assets (386.0M) do not cover its long term liabilities (550.4M)
Debt to Equity History and Analysis
Debt Level: FOR's debt to equity ratio (56.9%) is considered high
Reducing Debt: FOR's debt to equity ratio has reduced from 57.6% to 56.9% 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
Inventory Level: FOR has a low level of unsold assets or inventory.
Debt Coverage by Assets: FOR's debt is not covered by short term assets (assets are 0.8x debt).
Next Steps
Dividend
What is Forestar Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate FOR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FOR's dividend yield against the top 25% of dividend payers, as the company has not reported any 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
What is the CEO of Forestar Group's salary, the management and board of directors tenure and is there insider trading?
7.5yrs
Average management tenure
CEO
Dan Bartok (63yo)
1.9yrs
Tenure
US$961,930
Compensation
Mr. Daniel C. Bartok, also known as Dan, has been Chief Executive Officer of Forestar Group Inc since December 29, 2017. Mr. Bartok joins Forestar Group Inc with more than 35 years of experience in real es ...
CEO Compensation Analysis
Compensation vs Market: Dan's total compensation ($USD961.93K) is below average for companies of similar size in the US market ($USD2.64M).
Compensation vs Earnings: Insufficient data to compare Dan's compensation with company performance.
Management Age and Tenure
7.5yrs
Average Tenure
60yo
Average Age
Experienced Management: FOR's management team is seasoned and experienced (7.5 years average tenure).
Board Age and Tenure
2.1yrs
Average Tenure
71yo
Average Age
Experienced Board: FOR's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 6,037,500 |
| Max Price | US$17.50 |
| Entity | Individual |
| Role | Chief Executive Officer Chief Executive Officer |
| Shares | 500 |
| Max Price | US$17.75 |
| Entity | Individual |
| Role | Chief Executive Officer Chief Executive Officer |
| Shares | 1,000 |
| Max Price | US$14.50 |
| Entity | Individual |
| Shares | 25,000 |
| Max Price | US$13.15 |
| Entity | Individual |
| Role | Chief Executive Officer Chief Executive Officer |
| Shares | 1,000 |
| Max Price | US$13.99 |
| Entity | Individual |
| Role | Chief Executive Officer Chief Executive Officer |
| Shares | 1,000 |
| Max Price | US$15.81 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 3,915 |
| Max Price | US$16.19 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Don Tomnitz (71yo)
Executive Chairman
- Tenure: 2.1yrs
- Compensation: US$609.09k
Bill Wheat (53yo)
Principal Financial Officer
- Tenure: 0yrs
Michael Quinley (57yo)
President of East Region
- Tenure: 2.1yrs
- Compensation: US$657.00k
Tom Burleson
President of West Region
- Tenure: 16.8yrs
Mary Cowser
Senior Vice President of Real Estate Market Research & Investment
- Tenure: 12.8yrs
Matt Stark
Senior VP & General Counsel
- Tenure: 0yrs
Dan Bartok (63yo)
Chief Executive Officer
- Tenure: 1.9yrs
- Compensation: US$961.93k
Thomas Montano
VP & Corporate Secretary
- Tenure: 0yrs
Aron Odom
Principal Accounting Officer
- Tenure: 0yrs
Board Members
Don Tomnitz (71yo)
Executive Chairman
- Tenure: 2.1yrs
- Compensation: US$609.09k
Samuel Fuller (76yo)
Independent Director
- Tenure: 2.1yrs
- Compensation: US$50.63k
Lisa Jamieson
Independent Director
- Tenure: 0.3yrs
Rick Ringler (71yo)
Independent Director
- Tenure: 2.1yrs
- Compensation: US$50.63k
Donald Spitzer (69yo)
Independent Director
- Tenure: 2.1yrs
- Compensation: US$50.63k
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$957.067m
- Shares outstanding: 48.00m
- 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 real estate lot development company. It engages in the acquisition, entitlement, and development of infrastructure for single-family residential communities. Forestar Grou ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/11 23:59 |
| End of Day Share Price | 2019/11/11 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/09/30 |
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.