FORESTAR GROUP INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 31.33 USD | +0.06% |
|
-0.89% | -5.26% |
| Apr. 18 | Transcript : Forestar Group Inc., Q2 2024 Earnings Call, Apr 18, 2024 | |
| Apr. 18 | Forestar Group's Fiscal Q2 Earnings, Revenue Increase | MT |
Valuation
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 877.4 | 850.7 | 922.7 | 556.8 | 1,344 | 1,585 | - | - |
| Enterprise Value (EV) 1 | 955.1 | 1,097 | 1,474 | 998 | 1,423 | 1,548 | 1,578 | 1,585 |
| P/E ratio | 23.1 x | 14 x | 8.28 x | 3.12 x | 8.09 x | 8.19 x | 7.87 x | 7.46 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 2.05 x | 0.91 x | 0.7 x | 0.37 x | 0.94 x | 1.05 x | 0.95 x | 0.9 x |
| EV / Revenue | 2.23 x | 1.18 x | 1.11 x | 0.66 x | 0.99 x | 1.03 x | 0.94 x | 0.9 x |
| EV / EBITDA | 22 x | 14.2 x | 9.01 x | 4.28 x | 6.8 x | 6.12 x | 5.81 x | 5.53 x |
| EV / FCF | -2.44 x | -6.49 x | -4.84 x | 9.49 x | 3.92 x | 19.8 x | -34.3 x | - |
| FCF Yield | -41.1% | -15.4% | -20.7% | 10.5% | 25.5% | 5.04% | -2.91% | - |
| Price to Book | 1.09 x | 0.98 x | 0.91 x | 0.46 x | 0.98 x | 1 x | 0.89 x | - |
| Nbr of stocks (in thousands) | 47,997 | 48,060 | 49,527 | 49,759 | 49,904 | 50,603 | - | - |
| Reference price 2 | 18.28 | 17.70 | 18.63 | 11.19 | 26.94 | 31.33 | 31.33 | 31.33 |
| Announcement Date | 11/7/19 | 11/5/20 | 11/4/21 | 11/9/22 | 11/7/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 428.3 | 931.8 | 1,326 | 1,519 | 1,437 | 1,507 | 1,676 | 1,771 |
| EBITDA 1 | 43.4 | 77.3 | 163.5 | 233.1 | 209.4 | 253.1 | 271.8 | 286.5 |
| EBIT 1 | 36.7 | 72.4 | 160.8 | 230.4 | 206.4 | 236 | 257.8 | 286.5 |
| Operating Margin | 8.57% | 7.77% | 12.13% | 15.17% | 14.36% | 15.66% | 15.38% | 16.18% |
| Earnings before Tax (EBT) 1 | 45.7 | 78.1 | 146.6 | 235.8 | 221.6 | 257.2 | 266 | 286.5 |
| Net income 1 | 33 | 60.8 | 110.2 | 178.8 | 166.9 | 194.2 | 202.4 | 212 |
| Net margin | 7.7% | 6.53% | 8.31% | 11.77% | 11.62% | 12.88% | 12.08% | 11.97% |
| EPS 2 | 0.7900 | 1.260 | 2.250 | 3.590 | 3.330 | 3.825 | 3.980 | 4.199 |
| Free Cash Flow 1 | -392.1 | -169 | -304.7 | 105.2 | 362.8 | 78 | -46 | - |
| FCF margin | -91.55% | -18.14% | -22.98% | 6.93% | 25.25% | 5.18% | -2.74% | - |
| FCF Conversion (EBITDA) | - | - | - | 45.13% | 173.26% | 30.82% | - | - |
| FCF Conversion (Net income) | - | - | - | 58.84% | 217.38% | 40.18% | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 11/7/19 | 11/5/20 | 11/4/21 | 11/9/22 | 11/7/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: September | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 407.6 | 421.6 | 308.5 | 381.4 | 216.7 | 301.5 | 368.9 | 549.7 | 305.9 | 333.8 | 378.4 | 503.6 | 332.2 | 404 | 479 |
| EBITDA 1 | 61.7 | 67.5 | 50.5 | 66.2 | 25.3 | 34.7 | 59.4 | 89.9 | 45.7 | 54.5 | 60.35 | 85.65 | 47.24 | 62.6 | 78.6 |
| EBIT 1 | 51.9 | 67 | 49.8 | 65.5 | 24.6 | 33.9 | 58.6 | 89.2 | 44.9 | 53.9 | 56.13 | 81.17 | 43.84 | 57.8 | 73.8 |
| Operating Margin | 12.73% | 15.89% | 16.14% | 17.17% | 11.35% | 11.24% | 15.89% | 16.23% | 14.68% | 16.15% | 14.83% | 16.12% | 13.19% | 14.31% | 15.41% |
| Earnings before Tax (EBT) 1 | 53.5 | 63.2 | 52.7 | 66.4 | 27.9 | 35.9 | 62.4 | 95.4 | 51.2 | 58.9 | 61.3 | 86.5 | 45.84 | 61.8 | 77.8 |
| Net income 1 | 40.5 | 47.8 | 39.7 | 50.8 | 20.8 | 26.9 | 46.8 | 72.4 | 38.2 | 45 | 46 | 65.03 | 34.25 | 46.5 | 58.6 |
| Net margin | 9.94% | 11.34% | 12.87% | 13.32% | 9.6% | 8.92% | 12.69% | 13.17% | 12.49% | 13.48% | 12.16% | 12.91% | 10.31% | 11.51% | 12.23% |
| EPS 2 | 0.8100 | 0.9600 | 0.8000 | 1.020 | 0.4200 | 0.5400 | 0.9300 | 1.440 | 0.7600 | 0.8900 | 0.9111 | 1.278 | 0.6564 | 0.8100 | 1.085 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 1/27/22 | 4/21/22 | 7/19/22 | 11/9/22 | 1/24/23 | 4/20/23 | 7/20/23 | 11/7/23 | 1/23/24 | 4/18/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 77.7 | 247 | 551 | 441 | 79 | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 37.8 | 7.3 | - |
| Leverage (Debt/EBITDA) | 1.79 x | 3.193 x | 3.369 x | 1.893 x | 0.3773 x | - | - | - |
| Free Cash Flow 1 | -392 | -169 | -305 | 105 | 363 | 78 | -46 | - |
| ROE (net income / shareholders' equity) | 4.46% | 7.24% | 12.9% | 16.4% | 13% | 13.2% | 12% | 11.6% |
| ROA (Net income/ Total Assets) | 2.81% | 3.8% | 6.35% | 8.18% | 6.93% | 7.49% | 7.37% | - |
| Assets 1 | 1,174 | 1,600 | 1,736 | 2,187 | 2,407 | 2,592 | 2,746 | - |
| Book Value Per Share 2 | 16.80 | 18.10 | 20.50 | 24.10 | 27.40 | 31.40 | 35.30 | - |
| Cash Flow per Share | 1.020 | - | - | - | - | - | - | - |
| Capex 1 | 0.9 | 0.6 | 1.6 | 3.5 | 1.3 | 5.07 | 5.67 | - |
| Capex / Sales | 0.21% | 0.06% | 0.12% | 0.23% | 0.09% | 0.34% | 0.34% | - |
| Announcement Date | 11/7/19 | 11/5/20 | 11/4/21 | 11/9/22 | 11/7/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
31.33
USD
Average target price
40.38
USD
Spread / Average Target
+28.87%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.26% | 1.59B | |
| -11.44% | 695M | |
| -43.42% | 196M | |
| -25.57% | 138M | |
| +11.82% | 129M | |
| +154.03% | 114M | |
| -5.46% | 109M | |
| +6.67% | 61.66M | |
| +22.67% | 60.78M |
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- Financials Forestar Group Inc.
