FOR - NYSE

Forestar Group Inc.

Forestar Group Inc.

FORยทNYSE

$28.48

+3.5%
Real EstateReal Estate - Development

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. The company is headquartered in Arlington, Texas. Forestar Group Inc. is a subsidiary of D.R. Horton, Inc.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$1.45B
EPS3.3000
P/E Ratio8.63
Earnings Date07/21/2026
Forestar Group Inc.

Forestar Group Inc. Fair Value Envelope

FOR ยท NYSE

Our analysis suggests that FOR has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $28.48, this represents a potential HIDDEN relative to our calculated worth for Forestar Group Inc..

HIDDEN
Intrinsic Value
Current Price: $28.48

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value-$448.0M
+ Cash & Equivalents$379.2M
Firm Value-$68.8M
- Debt$817.1M
Equity Value-$885.9M
/ Shares Outstanding50,833,171B
DCF Value-$17
OVERVALUED BY 161%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
-$149.3M
-$112.8M
-$85.2M
-$64.3M
-$48.6M
-$36.7M
-$27.7M
-$20.9M
-$15.8M
-$11.9M
Maintenance CapEx
-$332.3K
-$251.0K
-$189.6K
-$143.2K
-$108.2K
-$81.7K
-$61.7K
-$46.6K
-$35.2K
-$26.6K
Owner Earnings
-$149.7M
-$113.0M
-$85.4M
-$64.5M
-$48.7M
-$36.8M
-$27.8M
-$21.0M
-$15.8M
-$12.0M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$138.6M
-$96.9M
-$67.8M
-$47.4M
-$33.1M
-$23.2M
-$16.2M
-$11.3M
-$7.9M
-$5.5M
Terminal Value represents 0.0% of Enterprise Value
Negative Owner Earnings
This company generates negative free cash flow. Consider adjusting maintenance CapEx percentage or check the financial data.

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3

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5

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