Forestar Group Inc - Understand $for stock

$FOR Market Cap: $1.605 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.508B

TTM

Gross Margin

23.07%

TTM

Net Earnings

$194.3M

TTM

Current Assets

$359.2M

Q2 2024

Current Liabilities

$403.2M

Q2 2024

Current Ratio

89.09%

Q2 2024

Total Assets

$2.675B

Q2 2024

Total Liabilities

$1.162B

Q2 2024

Book Value

$1.513B

Q2 2024

Cash

$359.2M

Q2 2024

P/E

8.262

Sep 13, 2024 EST

Free Cash Flow

-$51.60M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$1.437B	$1.519B	$1.326B	$931.8M	$428.3M	$78.30M	$114.3M	$197.3M	$218.6M	$238.2M	$331.0M	$172.6M	$135.6M	$101.4M	$146.3M	$159.7M	$178.0M	$225.6M	$155.5M	$169.3M	$119.9M
YoY Change	-5.41%	14.58%	42.28%	117.56%	447.0%	-31.5%	-42.07%	-9.73%	-8.22%	-28.06%	91.81%	27.3%	33.75%	-30.72%	-8.39%	-10.28%	-21.1%	45.08%	-8.15%	41.2%	10.3%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$1.437B	$1.519B	$1.326B	$931.8M	$428.3M	$78.30M	$114.3M	$197.3M	$218.6M	$238.2M	$331.0M	$172.6M	$135.6M	$101.4M	$146.3M	$159.7M	$178.0M	$225.6M	$155.5M	$169.3M	$119.9M
Cost Of Revenue	$1.133B	$1.195B	$1.097B	$813.7M	$362.7M	$49.50M	$112.6M	$168.9M	$120.0M	$130.6M	$200.9M	$83.90M	$67.00M	$48.20M	$49.80M	$60.20M	$86.40M	$116.6M	$78.30M	$100.3M	$84.20M
Gross Profit	$304.1M	$324.0M	$229.2M	$118.1M	$65.60M	$28.80M	$1.700M	$28.40M	$98.60M	$107.6M	$130.2M	$88.70M	$68.60M	$53.20M	$96.50M	$99.50M	$91.60M	$109.0M	$77.20M	$69.00M	$35.70M
Gross Profit Margin	21.16%	21.33%	17.29%	12.67%	15.32%	36.78%	1.49%	14.39%	45.11%	45.18%	39.33%	51.39%	50.6%	52.49%	65.96%	62.3%	51.46%	48.32%	49.65%	40.76%	29.77%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Selling, General & Admin	$97.70M	$93.60M	$68.40M	$45.70M	$28.90M	$11.80M	$75.30M	$21.40M	$23.50M	$21.20M	$26.80M	$24.70M	$21.80M	$21.40M	$28.90M	$22.20M	$18.60M	$15.10M	$9.500M	$11.20M	$6.900M
YoY Change	4.38%	36.84%	49.67%	58.13%	144.92%	-84.33%	251.87%	-8.94%	10.85%	-20.9%	8.5%	13.3%	1.87%	-25.95%	30.18%	19.35%	23.18%	58.95%	-15.18%	62.32%	-2.82%
% of Gross Profit	32.13%	28.89%	29.84%	38.7%	44.05%	40.97%	4429.41%	75.35%	23.83%	19.7%	20.58%	27.85%	31.78%	40.23%	29.95%	22.31%	20.31%	13.85%	12.31%	16.23%	19.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.000M	$2.700M	$2.700M	$4.900M	$6.700M	$3.900M	$5.500M	$11.45M	$45.09M	$41.72M	$29.98M	$18.93M	$10.80M	$10.56M	$9.800M	$7.700M	$2.900M	$2.400M	$2.200M	$2.800M
YoY Change	11.11%	0.0%	-44.9%	-26.87%	71.79%	-29.09%	-51.95%	-74.61%	8.08%	39.14%	58.41%	75.21%	2.31%	7.73%	27.27%	165.52%	20.83%	9.09%	-21.43%
% of Gross Profit	0.99%	0.83%	1.18%	4.15%	10.21%	13.54%	323.53%	40.31%	45.73%	38.77%	23.03%	21.34%	15.75%	19.85%	10.16%	7.74%	3.17%	2.2%	2.85%	4.06%
Operating Expenses	$97.70M	$93.60M	$68.40M	$45.70M	$28.90M	$19.40M	$75.30M	$54.80M	$73.50M	$66.50M	$88.80M	$81.20M	$72.50M	$63.60M	$75.40M	$63.70M	$42.30M	$37.10M	$31.60M	$27.60M	$6.900M
YoY Change	4.38%	36.84%	49.67%	58.13%	48.97%	-74.24%	37.41%	-25.44%	10.53%	-25.11%	9.36%	12.0%	13.99%	-15.65%	18.37%	50.59%	14.02%	17.41%	14.49%	300.0%	-2.82%
Operating Profit	$206.4M	$230.4M	$160.8M	$72.40M	$36.70M	$9.400M	$39.77M	$140.4M	$23.94M	$70.56M	$46.58M	$27.17M	$58.12M	$18.89M	$21.10M	$35.80M	$49.30M	$71.90M	$45.60M	$41.40M	$28.80M
YoY Change	-10.42%	43.28%	122.1%	97.28%	290.43%	-76.36%	-71.67%	486.23%	-66.07%	51.49%	71.46%	-53.26%	207.73%	-10.5%	-41.06%	-27.38%	-31.43%	57.68%	10.14%	43.75%	34.58%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Interest Expense	$13.60M	$2.200M	$1.400M	$0.00	$0.00	$7.400M	$8.500M	$19.99M	$34.07M	$30.29M	$20.00M	$19.36M	$17.01M	$16.45M	-$27.90M	-$16.40M	-$10.60M	$10.00M	$10.20M	$4.400M	-$5.100M
YoY Change	518.18%	57.14%			-100.0%	-12.94%	-57.47%	-41.33%	12.48%	51.4%	3.31%	13.82%	3.44%	-158.95%	70.12%	54.72%	-206.0%	-1.96%	131.82%	-186.27%	-1.92%
% of Operating Profit	6.59%	0.95%	0.87%	0.0%	0.0%	78.72%	21.38%	14.24%	142.29%	42.92%	42.95%	71.28%	29.27%	87.08%	-132.23%	-45.81%	-21.5%	13.91%	22.37%	10.63%	-17.71%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Pretax Income	$221.6M	$235.8M	$146.6M	$78.10M	$45.70M	$44.70M	$52.10M	$92.35M	$8.890M	$57.55M	$42.27M	$25.89M	$12.26M	$8.304M	$97.20M	$19.40M	$38.70M	$81.80M	$55.80M	$45.90M	$23.70M
YoY Change	-6.02%	60.85%	87.71%	70.9%	2.24%	-14.2%	-43.58%	938.76%	-84.55%	36.14%	63.25%	111.16%	47.66%	-91.46%	401.03%	-49.87%	-52.69%	46.59%	21.57%	93.67%	47.2%
Income Tax	$54.70M	$57.00M	$36.10M	$16.40M	$9.400M	-$25.40M	$45.80M	$15.30M	$35.13M	$20.85M	$7.208M	$8.016M	$3.021M	$2.470M	$35.60M	$5.200M	$13.90M	$30.00M	$20.90M	$17.40M	$8.500M
% Of Pretax Income	24.68%	24.17%	24.62%	21.0%	20.57%	-56.82%	87.91%	16.57%	395.17%	36.23%	17.05%	30.96%	24.64%	29.74%	36.63%	26.8%	35.92%	36.67%	37.46%	37.91%	35.86%
Net Earnings	$166.9M	$178.8M	$110.2M	$60.80M	$33.00M	$71.30M	$50.30M	$58.65M	-$213.0M	$16.58M	$29.32M	$12.94M	$7.154M	$5.125M	$59.10M	$12.00M	$24.80M	$51.80M	$34.90M	$28.40M	$15.30M
YoY Change	-6.66%	62.25%	81.25%	84.24%	-53.72%	41.75%	-14.23%	-127.53%	-1384.73%	-43.44%	126.56%	80.91%	39.59%	-91.33%	392.5%	-51.61%	-52.12%	48.42%	22.89%	85.62%	48.54%
Net Earnings / Revenue	11.62%	11.77%	8.31%	6.53%	7.7%	91.06%	44.01%	29.72%	-97.47%	6.96%	8.86%	7.5%	5.28%	5.06%	40.4%	7.51%	13.93%	22.96%	22.44%	16.77%	12.76%
Basic Earnings Per Share	$3.34	$3.59	$2.25	$1.26	$0.79		$1.19	$1.40	-$6.22	$0.38	$0.81	$0.37	$0.20	$0.14
Diluted Earnings Per Share	$3.33	$3.59	$2.25	$1.26	$0.79	$1.698M	$1.19	$1.38	-$6.22	$0.38	$0.80	$0.36	$0.20	$0.14	$1.637M	$334.3K	$700.6K	$1.463M	$985.9K	$802.3K	$432.2K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Cash & Short-Term Investments	$616.0M	$264.8M	$153.6M	$394.3M	$382.8M	$318.8M	$321.8M	$265.5M	$96.40M	$169.9M	$192.3M	$10.40M	$17.00M	$4.600M	$21.10M	$8.100M	$7.500M	$10.40M	$12.90M
YoY Change	132.63%	72.4%	-61.04%	3.0%	20.08%	-0.93%	21.21%	175.41%	-43.26%	-11.65%	1749.04%	-38.82%	269.57%	-78.2%	160.49%	8.0%	-27.88%	-19.38%
Cash & Equivalents	$616.0M	$264.8M	$153.6M	$394.3M	$382.8M	$318.8M	$321.8M	$265.5M	$96.40M	$169.9M	$192.3M	$10.40M	$17.00M	$4.600M	$21.10M	$8.100M	$7.500M	$10.40M	$12.90M
Short-Term Investments
Other Short-Term Assets	$15.70M	$18.90M	$15.40M	$4.900M	$3.400M	$3.100M	$3.100M	$2.000M	$3.100M	$6.000M	$5.100M	$6.500M	$2.900M	$2.000M	$2.600M	$1.300M	$2.300M	$2.400M	$2.400M
YoY Change	-16.93%	22.73%	214.29%	44.12%	9.68%	0.0%	55.0%	-35.48%	-48.33%	17.65%	-21.54%	124.14%	45.0%	-23.08%	100.0%	-43.48%	-4.17%	0.0%
Inventory							$0.00	$0.00	$105.0M
Prepaid Expenses
Receivables	$25.70M	$11.40M	$400.0K	$400.0K	$1.100M	$0.00	$2.500M	$1.500M	$16.90M	$19.30M	$23.70M	$33.60M	$800.0K	$1.000M	$1.000M	$200.0K	$200.0K	$6.100M	$11.30M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.400M	$800.0K	$3.900M	$2.300M	$0.00	$0.00
Total Short-Term Assets	$657.4M	$295.1M	$169.4M	$399.6M	$387.3M	$321.9M	$327.4M	$269.0M	$221.4M	$195.2M	$221.1M	$50.50M	$20.70M	$9.000M	$25.50M	$13.50M	$12.30M	$18.90M	$26.60M
YoY Change	122.77%	74.2%	-57.61%	3.18%	20.32%	-1.68%	21.71%	21.5%	13.42%	-11.71%	337.82%	143.96%	130.0%	-64.71%	88.89%	9.76%	-34.92%	-28.95%
Property, Plant & Equipment	$1.804B	$2.036B	$1.915B	$1.314B	$1.031B	$499.8M	$132.4M	$296.1M	$605.1M	$859.2M	$769.2M	$692.7M	$589.3M	$606.6M	$599.1M	$667.8M	$608.4M	$508.5M	$435.9M
YoY Change	-11.39%	6.3%	45.69%	27.45%	106.34%	277.49%	-55.29%	-51.07%	-29.57%	11.7%	11.04%	17.55%	-2.85%	1.25%	-10.29%	9.76%	19.65%	16.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$500.0K	$500.0K	$900.0K	$3.600M	$7.300M	$11.70M	$64.60M	$77.60M	$82.50M	$65.00M	$41.10M	$41.50M	$64.20M	$101.2M	$109.6M	$117.6M	$101.7M	$90.40M	$76.80M
YoY Change	0.0%	-44.44%	-75.0%	-50.68%	-37.61%	-81.89%	-16.75%	-5.94%	26.92%	58.15%	-0.96%	-35.36%	-36.56%	-7.66%	-6.8%	15.63%	12.5%	17.71%
Other Assets				$0.00	$17.40M	$43.00M	$223.7M	$31.00M	$0.00	$40.80M	$40.40M	$54.70M	$74.20M	$47.90M	$40.80M	$17.20M	$5.100M	$0.00
YoY Change				-100.0%	-59.53%	-80.78%	621.61%		-100.0%	0.99%	-26.14%	-26.28%	54.91%	17.4%	137.21%	237.25%
Total Long-Term Assets	$1.813B	$2.048B	$1.932B	$1.340B	$1.068B	$571.2M	$434.5M	$464.2M	$750.8M	$1.063B	$951.1M	$867.9M	$774.2M	$780.3M	$759.2M	$821.1M	$736.4M	$601.3M	$517.3M
YoY Change	-11.46%	5.98%	44.17%	25.45%	87.04%	31.46%	-6.4%	-38.17%	-29.37%	11.77%	9.59%	12.1%	-0.78%	2.78%	-7.54%	11.5%	22.47%	16.24%
Total Assets	$2.471B	$2.343B	$2.102B	$1.740B	$1.456B	$893.1M	$761.9M	$733.2M	$972.2M	$1.258B	$1.172B	$918.4M	$794.9M	$789.3M	$784.7M	$834.6M	$748.7M	$620.2M	$543.9M
YoY Change
Accounts Payable	$68.40M	$72.20M	$47.40M	$29.20M	$16.80M	$7.900M	$2.400M	$4.800M	$11.60M	$20.40M	$21.40M	$18.30M	$5.000M	$4.200M	$4.600M	$7.400M	$8.000M	$4.800M	$4.000M
YoY Change	-5.26%	52.32%	62.33%	73.81%	112.66%	229.17%	-50.0%	-58.62%	-43.14%	-4.67%	16.94%	266.0%	19.05%	-8.7%	-37.84%	-7.5%	66.67%	20.0%
Accrued Expenses	$143.1M	$163.0M	$140.5M	$73.30M	$65.00M	$36.00M	$18.60M	$20.30M	$27.90M	$53.50M	$38.80M	$33.70M	$15.20M	$13.90M	$17.50M	$22.80M	$24.50M	$9.700M	$8.200M
YoY Change	-12.21%	16.01%	91.68%	12.77%	80.56%	93.55%	-8.37%	-27.24%	-47.85%	37.89%	15.13%	121.71%	9.35%	-20.57%	-23.25%	-6.94%	152.58%	18.29%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$110.5M	$12.80M
YoY Change																	-100.0%	763.28%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$337.3M	$379.6M	$343.0M	$201.3M	$171.7M	$93.30M	$32.90M	$35.60M	$50.80M	$83.90M	$74.90M	$52.60M	$28.70M	$21.40M	$24.90M	$30.20M	$32.50M	$125.0M	$25.00M
YoY Change	-11.14%	10.67%	70.39%	17.24%	84.03%	183.59%	-7.58%	-29.92%	-39.45%	12.02%	42.4%	83.28%	34.11%	-14.06%	-17.55%	-7.08%	-74.0%	400.0%
Long-Term Debt	$695.0M	$706.0M	$704.5M	$641.1M	$460.5M	$111.7M	$108.4M	$110.4M	$381.5M	$432.7M	$357.4M	$294.1M	$221.6M	$221.6M	$216.6M	$337.4M	$266.0M	$50.60M	$109.1M
YoY Change	-1.56%	0.21%	9.89%	39.22%	312.26%	3.04%	-1.81%	-71.06%	-11.83%	21.07%	21.52%	32.72%	0.0%	2.31%	-35.8%	26.84%	425.69%	-53.62%
Other Long-Term Liabilities	$17.80M	$21.20M	$13.90M	$20.00M	$5.300M	$13.50M	$15.00M	$25.10M	$35.80M	$31.80M	$24.40M	$38.20M	$33.30M	$32.10M	$24.90M	$12.90M	$8.300M	$4.300M	$1.800M
YoY Change	-16.04%	52.52%	-30.5%	277.36%	-60.74%	-10.0%	-40.24%	-29.89%	12.58%	30.33%	-36.13%	14.71%	3.74%	28.92%	93.02%	55.42%	93.02%	138.89%
Total Long-Term Liabilities	$712.8M	$727.2M	$718.4M	$661.1M	$465.8M	$125.2M	$123.4M	$135.5M	$417.3M	$464.5M	$381.8M	$332.3M	$254.9M	$253.7M	$241.5M	$350.3M	$274.3M	$54.90M	$110.9M
YoY Change	-1.98%	1.22%	8.67%	41.93%	272.04%	1.46%	-8.93%	-67.53%	-10.16%	21.66%	14.9%	30.36%	0.47%	5.05%	-31.06%	27.71%	399.64%	-50.5%
Total Liabilities	$1.102B	$1.145B	$1.087B	$869.0M	$647.4M	$219.8M	$157.7M	$172.6M	$470.6M	$551.0M	$462.3M	$388.9M	$285.3M	$279.8M	$272.3M	$387.3M	$315.5M	$202.1M	$162.7M
YoY Change	-3.75%	5.33%	25.06%	34.23%	194.54%	39.38%	-8.63%	-63.32%	-14.59%	19.19%	18.87%	36.31%	1.97%	2.75%	-29.69%	22.76%	56.11%	24.22%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	49.99M shares	49.82M shares	48.90M shares	48.04M shares	41.97M shares	42.14M shares	34.55M shares	34.27M shares	35.32M shares	35.37M shares	35.21M shares	35.41M shares	35.89M shares
Diluted Shares Outstanding	50.12M shares	49.85M shares	48.98M shares	48.09M shares	42.01M shares	42.40M shares	42.33M shares	34.27M shares	43.60M shares	36.81M shares	35.48M shares	35.78M shares	36.38M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Free Cash Flow YoY

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Stock Price

Market Cap: $1.6052 Billion

About Forestar Group Inc

Forestar Group Inc. is a residential lot development company, which engages in the provision of real estate business. The company is headquartered in Arlington, Texas and currently employs 233 full-time employees. The company went IPO on 2007-12-12. The firm is focused primarily on making investments in land acquisition and development to sell finished single-family residential lots to homebuilders. The firm operates through its real estate segment. The real estate segment primarily acquires land and installs infrastructure for single-family residential communities, and sales residential single-family finished lots to local, regional and national homebuilders. Its real estate segment conducts a range of project planning and management activities related to the entitlement, acquisition, community development and sale of residential lots. The firm has operations in over 52 markets and approximately 20 states and its lot position consisted of 90,100 residential lots, of which approximately 61,800 were owned and 28,300 were controlled through purchase contracts.

Industry: Real Estate Peers: Alset Inc AMREP CORP. Stratus Properties Inc Howard Hughes Corp International Land Alliance Inc Kaanapali Land LLC Maui Land & Pineapple Company Inc