Forestar Group Inc. (NYSE:FOR)

Forestar Group Inc. FOR

Real Estate - Real Estate - Development - NYSE - US

Watchlist

$ 29.4

-0.709 %

$ 1.49 B

Market Cap

7.35

P/E

1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one FOR stock under the base case scenario is HIDDEN Compared to the current market price of 29.4 USD, Forestar Group Inc. is HIDDEN

FOR Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart FOR

FINANCIALS

Annual
Quarterly

1.51 B REVENUE

Growth Rates

1Year 5.05%

3Years 4.42%

5Years 28.65%

7Years 44.58%

10Years 17.27%

241 M OPERATING INCOME

Growth Rates

1Year 17.58%

3Years 14.41%

5Years 45.68%

7Years 29.34%

10Years 20.04%

167 M NET INCOME

Growth Rates

1Year -6.66%

3Years 39.33%

5Years 12.71%

7Years 15.69%

10Years 16.89%

364 M OPERATING CASH FLOW

Growth Rates

1Year 234.96%

3Years 60.86%

5Years 26.79%

7Years 27.39%

10Years 15.16%

300 K INVESTING CASH FLOW

Growth Rates

1Year -76.92%

3Years -60.85%

5Years -74.13%

7Years -64.48%

10Years 7.19%

-13.2 M FINANCING CASH FLOW

Growth Rates

1Year -1100.00%

3Years -2.45%

5Years -9.81%

7Years 36.53%

10Years -0.65%

551 M REVENUE

Growth Rates

1Year 5.05%

3Years 4.42%

5Years 28.65%

7Years 44.58%

10Years 17.27%

99.9 M OPERATING INCOME

Growth Rates

1Year 17.58%

3Years 14.41%

5Years 45.68%

7Years 29.34%

10Years 20.04%

38.7 M NET INCOME

Growth Rates

1Year -6.66%

3Years 39.33%

5Years 12.71%

7Years 15.69%

10Years 16.89%

-61.7 M OPERATING CASH FLOW

Growth Rates

1Year 234.96%

3Years 60.86%

5Years 26.79%

7Years 27.39%

10Years 15.16%

4.5 M INVESTING CASH FLOW

Growth Rates

1Year -76.92%

3Years -60.85%

5Years -74.13%

7Years -64.48%

10Years 7.19%

200 K FINANCING CASH FLOW

Growth Rates

1Year -1100.00%

3Years -2.45%

5Years -9.81%

7Years 36.53%

10Years -0.65%

Balance Sheet Decomposition Forestar Group Inc.

2.84 B ASSETS
1.24 B LIABILITIES

Current Assets	0
Cash & Short-Term Investments	481 M
Receivables	0
Other Current Assets	-481 M
Non-Current Assets	0
Long-Term Investments	0
PP&E	7.1 M
Other Non-Current Assets	-7.1 M

Current Liabilities	0
Accounts Payable	0
Short-Term Debt	0
Other Current Liabilities	0
Non-Current Liabilities	0
Long-Term Debt	706 M
Other Non-Current Liabilities	-706 M

EFFICIENCY

Earnings Waterfall Forestar Group Inc.

Revenue	1.51 B
Cost Of Revenue	1.15 B
Gross Profit	359 M
Operating Expenses	-118 M
Operating Income	241 M
Other Expenses	73.9 M
Net Income	167 M

RATIOS

23.80% GROSS MARGIN

Averages

1Year 23.80%

3Years 22.10%

5Years 19.25%

7Years 21.26%

10Years 13.71%

15.95% OPERATING MARGIN

Averages

1Year 15.95%

3Years 15.12%

5Years 13.05%

7Years 12.98%

10Years 13.41%

13.48% NET MARGIN

Averages

1Year 13.48%

3Years 12.29%

5Years 10.34%

7Years 16.63%

10Years 10.89%

12.76% ROE

Averages

1Year 12.76%

3Years 13.29%

5Years 11.54%

7Years 9.78%

10Years 4.48%

7.16% ROA

Averages

1Year 7.16%

3Years 7.18%

5Years 6.06%

7Years 5.60%

10Years 3.21%

7.88% ROIC

Averages

1Year 7.88%

3Years 8.18%

5Years 7.07%

7Years 5.38%

10Years 3.35%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis Forestar Group Inc.

Net Income	167 M
Depreciation & Amortization	3 M
Capital Expenditures	-1.3 M
Stock-Based Compensation	4.3 M
Change in Working Capital	154 M
Others	189 M
Free Cash Flow	363 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets Forestar Group Inc.

Wall Street analysts predict an average 1-year price target for FOR of $29.6 , with forecasts ranging from a low of $13.5 to a high of $40 .

FOR Lowest Price Target Wall Street Target

13.5 USD -54.08%

FOR Average Price Target Wall Street Target

29.6 USD 0.77%

FOR Highest Price Target Wall Street Target

40 USD 36.05%

4. DIVIDEND ANALYSIS

0.00% DIVIDEND YIELD

0 USD DIVIDEND PER SHARE

5. COMPETITION

American Realty Investors, Inc., together with its subsidiaries, acquires, develops, and owns multifamily apartment communities and commercial real estate properties in the southwestern, southeastern, and mid-western United States.

-0.0533 USD

ARL

Overvalued 100.40%

Landsea Homes Corporation designs, constructs, markets, and sells suburban and urban single-family detached and attached homes in California, Arizona, Florida, Texas, and Metro New York.

0.0426 USD

LSEA

Overvalued 99.59%

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County.

4.27 USD

FPH

Undervalued 13.16%

AMREP Corporation, through its subsidiaries, primarily engages in the real estate business. The company operates through two segments, Land Development and Homebuilding.

72.1 USD

AXR

Undervalued 122.48%

6. Ownership

Insider Ownership Forestar Group Inc.

Summary
Transactions

Sold

0-3 MONTHS

65.2 K USD 1

3-6 MONTHS

160 K USD 2

6-9 MONTHS

0 USD 0

9-12 MONTHS

1.94 M USD 2

Bought

0 USD 0

0-3 MONTHS

0 USD 0

3-6 MONTHS

100 K USD 1

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price
1 month ago Sep 27, 2024	Sell 65.2 K USD	Ringler G.F. (Rick) III Director	- 2000	32.5801 USD
3 months ago Aug 06, 2024	Sell 23.2 K USD	Parmer Elizabeth Director	- 798	29.09 USD
3 months ago Jul 29, 2024	Sell 24 K USD	Parmer Elizabeth Director	- 750	32.05 USD
3 months ago Jul 23, 2024	Sell 49.9 K USD	Parmer Elizabeth Director	- 1547	32.24 USD
4 months ago Jun 27, 2024	Sell 62.8 K USD	Ringler G.F. (Rick) III Director	- 2000	31.3778 USD
6 months ago Apr 24, 2024	Bought 100 K USD	Oxley Anthony W Chief Executive Officer	+ 3210	31.1499 USD
10 months ago Dec 27, 2023	Sell 34.2 K USD	BARTOK DANIEL C Chief Executive Officer	- 1000	34.225 USD
10 months ago Dec 20, 2023	Sell 33 K USD	BARTOK DANIEL C Chief Executive Officer	- 949	34.75 USD
11 months ago Dec 15, 2023	Sell 66.5 K USD	Ringler G.F. (Rick) III Director	- 2000	33.2374 USD
11 months ago Dec 13, 2023	Sell 168 K USD	BARTOK DANIEL C Chief Executive Officer	- 5300	31.676 USD
11 months ago Dec 12, 2023	Sell 235 K USD	BARTOK DANIEL C Chief Executive Officer	- 7555	31.1156 USD
11 months ago Dec 07, 2023	Sell 124 K USD	BARTOK DANIEL C Chief Executive Officer	- 4000	30.92 USD
11 months ago Dec 08, 2023	Sell 188 K USD	BARTOK DANIEL C Chief Executive Officer	- 6000	31.3686 USD
11 months ago Dec 05, 2023	Sell 68.9 K USD	BARTOK DANIEL C Chief Executive Officer	- 2202	31.3 USD
11 months ago Dec 01, 2023	Sell 617 K USD	BARTOK DANIEL C Chief Executive Officer	- 19816	31.1177 USD
11 months ago Nov 29, 2023	Sell 256 K USD	BARTOK DANIEL C Chief Executive Officer	- 8120	31.5171 USD
11 months ago Nov 30, 2023	Sell 154 K USD	BARTOK DANIEL C Chief Executive Officer	- 5000	30.8227 USD
1 year ago May 11, 2023	Sell 40.2 K USD	Ringler G.F. (Rick) III Director	- 2000	20.1189 USD
1 year ago Dec 19, 2022	Sell 45.5 K USD	Ringler G.F. (Rick) III Director	- 3000	15.1664 USD
2 years ago Sep 22, 2022	Bought 23 K USD	BARTOK DANIEL C Chief Executive Officer	+ 2000	11.5 USD
2 years ago Aug 30, 2022	Bought 22.9 K USD	BARTOK DANIEL C Chief Executive Officer	+ 1800	12.73 USD
2 years ago Aug 26, 2022	Bought 19 K USD	Allen James Douglas Chief Financial Officer	+ 1500	12.65 USD
2 years ago Jul 27, 2022	Bought 20.2 K USD	BARTOK DANIEL C Chief Executive Officer	+ 1500	13.5 USD
2 years ago Feb 23, 2022	Bought 18 K USD	BARTOK DANIEL C Chief Executive Officer	+ 1000	18 USD
2 years ago Feb 23, 2022	Bought 18 K USD	BARTOK DANIEL C Chief Executive Officer	+ 1000	18 USD
2 years ago Jan 31, 2022	Bought 39.5 K USD	BARTOK DANIEL C Chief Executive Officer	+ 2000	19.7625 USD
2 years ago Dec 20, 2021	Sell 40.5 K USD	Ringler G.F. (Rick) III Director	- 2000	20.24 USD
2 years ago Dec 16, 2021	Sell 53.9 K USD	Jamieson Lisa H. Director	- 2500	21.56 USD
3 years ago Aug 19, 2021	Bought 23.4 K USD	Allen James Douglas Chief Financial Officer	+ 1200	19.54 USD
3 years ago Aug 17, 2021	Bought 20.2 K USD	BARTOK DANIEL C Chief Executive Officer	+ 1000	20.15 USD
3 years ago Aug 17, 2021	Bought 20.2 K USD	BARTOK DANIEL C Chief Executive Officer	+ 1000	20.15 USD
3 years ago Jun 28, 2021	Bought 37 K USD	Allen James Douglas Chief Financial Officer	+ 1800	20.53 USD
3 years ago Jun 25, 2021	Bought 37.4 K USD	Allen James Douglas Chief Financial Officer	+ 1800	20.77 USD
3 years ago Dec 28, 2020	Sell 42 K USD	Ringler G.F. (Rick) III Director	- 2000	21.016 USD
4 years ago Jun 12, 2020	Bought 74.9 K USD	Allen James Douglas Chief Financial Officer	+ 5200	14.4099 USD
4 years ago Mar 17, 2020	Bought 2.85 K USD	BARTOK DANIEL C Chief Executive Officer	+ 250	11.4 USD
4 years ago Mar 13, 2020	Bought 6.62 K USD	BARTOK DANIEL C Chief Executive Officer	+ 500	13.25 USD
4 years ago Mar 13, 2020	Bought 6.62 K USD	BARTOK DANIEL C Chief Executive Officer	+ 500	13.25 USD
4 years ago Nov 25, 2019	Sell 41.8 K USD	Ringler G.F. (Rick) III Director	- 2000	20.882 USD
5 years ago Jun 17, 2019	Bought 8.88 K USD	BARTOK DANIEL C Chief Executive Officer	+ 500	17.75 USD
5 years ago Dec 20, 2018	Bought 14.5 K USD	BARTOK DANIEL C Chief Executive Officer	+ 1000	14.5 USD
5 years ago Dec 18, 2018	Bought 329 K USD	HUDSON M ASHTON Director	+ 25000	13.15 USD
5 years ago Dec 13, 2018	Bought 14 K USD	BARTOK DANIEL C Chief Executive Officer	+ 1000	13.9929 USD
5 years ago Nov 29, 2018	Bought 15.8 K USD	BARTOK DANIEL C Chief Executive Officer	+ 1000	15.81 USD
5 years ago Nov 27, 2018	Bought 14.6 K USD	TOMNITZ DONALD J Chairman	+ 915	16.01 USD
5 years ago Nov 27, 2018	Bought 14.6 K USD	TOMNITZ DONALD J Chairman	+ 915	16.01 USD
5 years ago Nov 27, 2018	Bought 48.6 K USD	TOMNITZ DONALD J Chairman	+ 3000	16.19 USD
5 years ago Nov 27, 2018	Bought 48.6 K USD	TOMNITZ DONALD J Chairman	+ 3000	16.19 USD
6 years ago Jun 19, 2018	Bought 11 K USD	BARTOK DANIEL C Chief Executive Officer	+ 500	22 USD
6 years ago Jun 18, 2018	Bought 11.2 K USD	BARTOK DANIEL C Chief Executive Officer	+ 500	22.5 USD
6 years ago Jun 15, 2018	Bought 102 K USD	TOMNITZ DONALD J Executive Chairman	+ 4500	22.75 USD
6 years ago May 17, 2018	Bought 56.4 K USD	TOMNITZ DONALD J Executive Chairman	+ 2500	22.55 USD
6 years ago May 16, 2018	Bought 44 K USD	TOMNITZ DONALD J Executive Chairman	+ 2000	22 USD
6 years ago May 14, 2018	Bought 11 K USD	BARTOK DANIEL C Chief Executive Officer	+ 500	22 USD
6 years ago Mar 07, 2018	Bought 23.4 K USD	BARTOK DANIEL C Chief Executive Officer	+ 1000	23.43 USD
6 years ago Mar 06, 2018	Bought 48.2 K USD	TOMNITZ DONALD J Executive Chairman	+ 2000	24.08 USD
6 years ago Mar 05, 2018	Bought 48.5 K USD	TOMNITZ DONALD J Executive Chairman	+ 2000	24.25 USD

7. News

Forestar Group Inc. (FOR) Q4 2024 Earnings Conference Call Transcript Forestar Group Inc. (NYSE:FOR ) Q4 2024 Earnings Conference Call October 29, 2024 11:00 AM ET Company Participants Katie Smith - Director of Finance and IR Andy Oxley - President and CEO Jim Allen - CFO Mark Walker - COO Conference Call Participants Carl Reichardt - BTIG Asher Sohnen - Citigroup Trevor Allinson - Wolfe Research Alex Barron - Housing Research Center Operator Good morning, and welcome to Forestar's Fourth Quarter and Fiscal 2024 Earnings Conference Call. At this time all participants are in a listen-on mod, and we will open for questions following the presentation. seekingalpha.com - 2 weeks ago

Forestar Reports Fourth Quarter and Fiscal 2024 Results ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar Group Inc. (“Forestar”) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its fourth quarter and fiscal year ended September 30, 2024. Fiscal 2024 Fourth Quarter Highlights All comparisons are year-over-year Net income increased 13% to $81.6 million or $1.60 per diluted share Pre-tax income increased 14% to $108.5 million, with a pre-tax profit margin of 19.7% Revenues of $551.4 million on 5,374 lots sold. businesswire.com - 2 weeks ago

3 Real Estate Development Stocks to Consider as Fundamentals Rebound Interest rate cut and healthy demand for certain real estate categories poise Real Estate Development industry players like HHH, GRBK and FOR well for growth. zacks.com - 1 month ago

Forestar Group: Benefitting From Constraints On Residential Lot Supply Forestar Group is well-positioned to benefit from persistent residential housing shortage and a favorable interest rate environment, driving demand for residential lots and land sales. The company aims to double its market share to 5% by leveraging its national footprint and strategic relationship with D.R. Horton, but also with other builders too. Forestar's disciplined focus on return on equity and selective project underwriting enhances profitability and minimizes risk, ensuring high-quality developments. seekingalpha.com - 1 month ago

Why Forestar Group Stock Is Down Today Forestar missed top- and bottom-line estimates in the quarter. The company is building its inventory of lots ahead of an eventual recovery in the homebuilding market. fool.com - 4 months ago

Forestar Group (FOR) Q3 Earnings and Revenues Miss Estimates Forestar Group (FOR) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.93 per share a year ago. zacks.com - 4 months ago

Zacks Industry Outlook Howard Hughes, Green Brick Partners and Forestar Howard Hughes, Green Brick Partners and Forestar have been highlighted in this Industry Outlook article. zacks.com - 4 months ago

3 Real Estate Development Stocks to Consider Despite Industry Woes Despite a high interest rate environment, recovery in demand for certain real estate categories and constrained supply poise Real Estate Development industry players like HHH, GRBK and FOR well for growth. zacks.com - 4 months ago

Forestar: Underappreciated, With A Proven Business Model Forestar Group Inc. targets double digit returns through land acquisition with significant cash and expertise, supported by financing from D.R. Horton. Given the previous unlevered FCF growth, management outlook, planned land acquisition in 2024, and my previous assumptions, I expect FCF close to $192 million in 2025. FOR recently reported constrained lot supply in the United States, which, in my view, may benefit its business model. seekingalpha.com - 4 months ago

Forestar to Release 2024 Third Quarter Earnings on July 18, 2024 ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar announced that it will release financial results for its third quarter ended June 30, 2024 on Thursday, July 18, 2024. businesswire.com - 5 months ago

3 Real Estate Development Stocks to Consider Despite Industry Woes Despite a high interest rate environment, recovery in demand for certain real-estate property types and constrained supply poise Real Estate Development industry players like GRBK, FOR and LSEA well for growth. zacks.com - 6 months ago

Why Forestar Group Stock Was Sinking This Week The real estate lot developer took the wraps off its latest set of quarterly results. It trounced the average prognosticator forecast for net income and beat handily on the top line. fool.com - 6 months ago

8. Profile Summary

Forestar Group Inc. FOR

COUNTRY US

INDUSTRY Real Estate - Development

MARKET CAP $ 1.49 B

Dividend Yield 0.00%

Description 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.

Contact 2221 East Lamar Boulevard, Arlington, TX, 76006 https://www.forestar.com

IPO Date Dec. 13, 2007

Employees 376

Officers Mr. Anthony W. Oxley President & Chief Executive Officer Ms. Katie Smith Director of Finance & Investor Relations Ms. Ashley Dagley Senior Vice President & Corporate Secretary Mr. Donald J. Tomnitz Executive Chairman of the Board Mr. James D. Allen CPA Executive Vice President, Chief Financial Officer & Treasurer Mr. Mark Stephen Walker Executive Vice President & Chief Operating Officer Mr. Daniel C. Bartok Consultant

Price Chart FOR

Forestar Group Inc. FOR

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