PulteGroup, Inc.

PulteGroup, Inc.

PHMยทNYSE

$117.21

-0.48%
Consumer CyclicalResidential Construction

PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods brand names. As of December 31, 2021, it controlled 228,296 lots, of which 109,078 were owned and 119,218 were under land option agreements. In addition, the company arranges financing through the origination of mortgage loans primarily for homebuyers; sells the servicing rights for the originated loans; and provides title insurance policies, and examination and closing services to homebuyers. PulteGroup, Inc. was formerly known as Pulte Homes, Inc. and changed its name to PulteGroup, Inc. in March 2010. The company was founded in 1950 and is headquartered in Atlanta, Georgia.

At a Glance

Live Snapshot
Market Cap$22.33B
EPS11.2100
P/E Ratio10.46
Earnings Date07/22/2026
PulteGroup, Inc.

PulteGroup, Inc. Fair Value Envelope

PHM ยท NYSE

Our analysis suggests that PHM has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $117.21, this represents a potential HIDDEN relative to our calculated worth for PulteGroup, Inc..

Intrinsic Value
Current Price: $117.21

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$67.4B
+ Cash & Equivalents$2.0B
Firm Value$69.5B
- Debt$2.4B
Equity Value$67.1B
/ Shares Outstanding194,920,095B
DCF Value$344
UNDERVALUED BY 193%

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
$2.1B
$2.3B
$2.6B
$2.9B
$3.3B
$3.7B
$4.1B
$4.6B
$5.2B
$5.8B
Maintenance CapEx
-$27.5M
-$30.7M
-$34.4M
-$38.5M
-$43.1M
-$48.2M
-$54.0M
-$60.4M
-$67.6M
-$75.7M
Owner Earnings
$2.1B
$2.3B
$2.6B
$2.9B
$3.2B
$3.6B
$4.1B
$4.5B
$5.1B
$5.7B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$1.9B
$2.0B
$2.1B
$2.1B
$2.2B
$2.3B
$2.4B
$2.5B
$2.5B
$2.6B
Terminal Value represents 66.5% of Enterprise Value