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18.52 (1y: +25%)
Market Cap 3.63 B P/E(ttm) 3086.70
Enterprise Value 9.99 B P/B 2.40
FCE.A- NYSE (USA)
Forest City Enterprises Inc
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$18.52
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry		 vs
history
Cash to Debt 0.049
FCE.A's Cash to Debt is ranked lower than
57% of the 1361 Companies
in the Global Real Estate - General industry.

( Industry Median: 0.26 vs. FCE.A: 0.049 )
FCE.A' s 10-Year Cash to Debt Range
Min: 0.02   Max: 0.05
Current: 0.05
0.02
0.05
Equity to Asset 0.139
FCE.A's Equity to Asset is ranked lower than
64% of the 1361 Companies
in the Global Real Estate - General industry.

( Industry Median: 0.41 vs. FCE.A: 0.139 )
FCE.A' s 10-Year Equity to Asset Range
Min: 0.07   Max: 0.15
Current: 0.14
0.07
0.15
Interest Coverage 0.7
FCE.A's Interest Coverage is ranked higher than
58% of the 1361 Companies
in the Global Real Estate - General industry.

( Industry Median: 1.80 vs. FCE.A: 0.7 )
FCE.A' s 10-Year Interest Coverage Range
Min: 0   Max: 2
Current: 0.7
0
2
F-Score: 5
Z-Score: 0.21
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry		 vs
history
Operating margin (%) 13.10
FCE.A's Operating margin (%) is ranked higher than
60% of the 1361 Companies
in the Global Real Estate - General industry.

( Industry Median: 14.70 vs. FCE.A: 13.10 )
FCE.A' s 10-Year Operating margin (%) Range
Min: 7.6   Max: 38.7
Current: 13.1
7.6
38.7
Net-margin (%) 3.2
FCE.A's Net-margin (%) is ranked lower than
51% of the 1361 Companies
in the Global Real Estate - General industry.

( Industry Median: 9.90 vs. FCE.A: 3.2 )
FCE.A' s 10-Year Net-margin (%) Range
Min: -8.7   Max: 15.2
Current: 3.2
-8.7
15.2
ROE (%) 2.5
FCE.A's ROE (%) is ranked higher than
54% of the 1361 Companies
in the Global Real Estate - General industry.

( Industry Median: 4.80 vs. FCE.A: 2.5 )
FCE.A' s 10-Year ROE (%) Range
Min: -13.8   Max: 20.1
Current: 2.5
-13.8
20.1
ROA (%) 0.3
FCE.A's ROA (%) is ranked lower than
54% of the 1361 Companies
in the Global Real Estate - General industry.

( Industry Median: 2.20 vs. FCE.A: 0.3 )
FCE.A' s 10-Year ROA (%) Range
Min: -1   Max: 2.3
Current: 0.3
-1
2.3
ROC (Joel Greenblatt) (%) 2.00
FCE.A's ROC (Joel Greenblatt) (%) is ranked higher than
58% of the 1361 Companies
in the Global Real Estate - General industry.

( Industry Median: 3.40 vs. FCE.A: 2.00 )
FCE.A' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 1.2   Max: 11
Current: 2
1.2
11
Revenue Growth (%) -7.5
FCE.A's Revenue Growth (%) is ranked lower than
67% of the 1361 Companies
in the Global Real Estate - General industry.

( Industry Median: 0.00 vs. FCE.A: -7.5 )
FCE.A' s 10-Year Revenue Growth (%) Range
Min: -15.2   Max: 6.1
Current: -7.5
-15.2
6.1
EBITDA Growth (%) -11.8
FCE.A's EBITDA Growth (%) is ranked lower than
71% of the 1361 Companies
in the Global Real Estate - General industry.

( Industry Median: 0.00 vs. FCE.A: -11.8 )
FCE.A' s 10-Year EBITDA Growth (%) Range
Min: -22.1   Max: 6
Current: -11.8
-22.1
6
ยป FCE.A's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

FCE.A Guru Trades in Q2 2012

Bruce Kovner 264,026 sh (New)
Steven Cohen 29,282 sh (New)
Chris Davis 1,534,636 sh (+45.65%)
Pioneer Investments 116,000 sh (+16.7%)
Michael Price 1,000,000 sh (unchged)
Jeremy Grantham Sold Out
Manning & Napier Advisors, Inc Sold Out
Murray Stahl 5,590,661 sh (-12.15%)
Third Avenue Management 16,724,970 sh (-15.63%)
Jim Simons 324,400 sh (-59.84%)
Martin Whitman 8,240,875 sh (-5.97%)
» More
Q3 2012

FCE.A Guru Trades in Q3 2012

Jeremy Grantham 16,400 sh (New)
Steven Cohen 108,461 sh (+270.4%)
Jim Simons 839,300 sh (+158.72%)
Pioneer Investments 127,600 sh (+10%)
Michael Price 1,000,000 sh (unchged)
Bruce Kovner Sold Out
Chris Davis 1,512,138 sh (-1.47%)
Murray Stahl 5,467,350 sh (-2.21%)
Third Avenue Management 15,186,580 sh (-9.2%)
Martin Whitman 5,391,578 sh (-34.58%)
» More
Q4 2012

FCE.A Guru Trades in Q4 2012

Bruce Kovner 50,000 sh (New)
Pioneer Investments 4,488,525 sh (+3417.65%)
Michael Price 1,000,000 sh (unchged)
Murray Stahl 5,459,623 sh (-0.14%)
Third Avenue Management 14,254,841 sh (-6.14%)
Chris Davis 1,401,532 sh (-7.31%)
Jim Simons 546,400 sh (-34.9%)
Steven Cohen 31,442 sh (-71.01%)
Martin Whitman 3,816,276 sh (-29.22%)
» More
Q1 2013

FCE.A Guru Trades in Q1 2013

Steven Cohen 851,109 sh (+2606.92%)
Jim Simons 1,437,300 sh (+163.05%)
Chris Davis 1,602,293 sh (+14.32%)
Michael Price 1,000,000 sh (unchged)
Bruce Kovner 50,000 sh (unchged)
Third Avenue Management 14,012,551 sh (-1.7%)
Murray Stahl 5,293,461 sh (-3.04%)
Pioneer Investments 2,180,467 sh (-51.42%)
Martin Whitman 3,308,911 sh (-13.29%)
» More
» Details

Insider Trades

Latest Guru Trades with FCE.A

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Martin Whitman 2012-10-31 Reduce -29.22%0.88%$14.03 - $16.83 $ 18.5219%3816276
Martin Whitman 2012-07-31 Reduce -34.58%1.76%$13.01 - $16.06 $ 18.5230%5391578
George Soros 2011-12-31 Sold Out 0.0021%$9.76 - $14.05 $ 18.5252%0
Ron Baron 2011-09-30 Sold Out 0.0014%$10.89 - $19 $ 18.5225%0
George Soros 2011-09-30 New Buy$10.89 - $19 $ 18.5225%11600
Tom Gayner 2011-06-30 Sold Out 0.01%$17.72 - $19.21 $ 18.520%0
George Soros 2011-06-30 Sold Out $17.72 - $19.21 $ 18.520%0
Ron Baron 2011-06-30 New Buy$17.72 - $19.21 $ 18.520%13250
Ron Baron 2011-03-31 Sold Out $16.23 - $19.26 $ 18.524%0
Tom Gayner 2010-12-31 Reduce -41.14%0.01%$12.72 - $16.53 $ 18.5223%11400
Martin Whitman 2010-10-31 Reduce -18.58%0.64%$11.05 - $14.63 $ 18.5246%8764203
Tom Gayner 2010-09-30 Reduce -97.7%0.01%$11.01 - $13.01 $ 18.5253%19367
Ron Baron 2010-09-30 New Buy$11.01 - $13.01 $ 18.5253%11400
Martin Whitman 2010-07-31 Reduce -21.8%0.78%$11.01 - $15.7 $ 18.5243%10764203
George Soros 2010-06-30 Reduce -26%0.01%$11.51 - $16.1 $ 18.5231%84822
Premium More recent guru trades are included for Premium Members only!!
ยป Financial Charts

Peter Lynch Chart

Ratios

vs
industry		 vs
history
P/E(ttm) 3086.70
FCE.A's P/E(ttm) is ranked lower than
80% of the 994 Companies
in the Global Real Estate - General industry.

( Industry Median: 12.70 vs. FCE.A: 3086.70 )
FCE.A' s 10-Year P/E(ttm) Range
Min: 9.65   Max: 3091.7
Current: 3086.7
9.65
3091.7
P/B 2.40
FCE.A's P/B is ranked lower than
69% of the 1140 Companies
in the Global Real Estate - General industry.

( Industry Median: 0.93 vs. FCE.A: 2.40 )
FCE.A' s 10-Year P/B Range
Min: 0.45   Max: 7.16
Current: 2.4
0.45
7.16
P/S 2.84
FCE.A's P/S is ranked higher than
56% of the 1205 Companies
in the Global Real Estate - General industry.

( Industry Median: 2.54 vs. FCE.A: 2.84 )
FCE.A' s 10-Year P/S Range
Min: 0.29   Max: 6.22
Current: 2.84
0.29
6.22
EV-to-EBIT 100
FCE.A's EV-to-EBIT is ranked lower than
74% of the 918 Companies
in the Global Real Estate - General industry.

( Industry Median: 14.28 vs. FCE.A: 100 )
FCE.A' s 10-Year EV-to-EBIT Range
Min: 12.7   Max: 161.1
Current: 100
12.7
161.1
Shiller P/E 549.8
FCE.A's Shiller P/E is ranked lower than
100% of the Companies
in the Global Real Estate - General industry.

( Industry Median: vs. FCE.A: 549.8 )
FCE.A' s 10-Year Shiller P/E Range
Min: 5.63   Max: 1616
Current: 549.8
5.63
1616

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 12.8
FCE.A's Price/Net Current Asset Value is ranked lower than
51% of the 619 Companies
in the Global Real Estate - General industry.

( Industry Median: 4.80 vs. FCE.A: 12.8 )
FCE.A' s 10-Year Price/Net Current Asset Value Range
Min: 3.2   Max: 44.4
Current: 12.8
3.2
44.4
Price/Tangible Book 2.5
FCE.A's Price/Tangible Book is ranked lower than
67% of the 1025 Companies
in the Global Real Estate - General industry.

( Industry Median: 1.00 vs. FCE.A: 2.5 )
FCE.A' s 10-Year Price/Tangible Book Range
Min: 0.9   Max: 6.1
Current: 2.5
0.9
6.1
Price/Median PS Value 1.3
FCE.A's Price/Median PS Value is ranked lower than
55% of the 1019 Companies
in the Global Real Estate - General industry.

( Industry Median: 1.10 vs. FCE.A: 1.3 )
FCE.A' s 10-Year Price/Median PS Value Range
Min: 0.2   Max: 2.4
Current: 1.3
0.2
2.4
Price/Graham Number 3
FCE.A's Price/Graham Number is ranked lower than
71% of the 844 Companies
in the Global Real Estate - General industry.

( Industry Median: 0.80 vs. FCE.A: 3 )
FCE.A' s 10-Year Price/Graham Number Range
Min: 1.3   Max: 7.5
Current: 3
1.3
7.5
Earnings Yield (Greenblatt) 1.00
FCE.A's Earnings Yield (Greenblatt) is ranked lower than
51% of the 1361 Companies
in the Global Real Estate - General industry.

( Industry Median: 3.90 vs. FCE.A: 1.00 )
FCE.A' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.6   Max: 7.9
Current: 1
0.6
7.9
Forward Rate of Return (Yacktman) -47.21
FCE.A's Forward Rate of Return (Yacktman) is ranked lower than
76% of the 1361 Companies
in the Global Real Estate - General industry.

( Industry Median: 0.00 vs. FCE.A: -47.21 )
FCE.A' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -367.1   Max: -5.5
Current: -47.21
-367.1
-5.5

Business Description

Forest City Enterprises, Inc. was founded in 1920 and publicly traded since 1960. It is engaged in the ownership, development, management and acquisition of commercial and residential real estate properties in 27 states and the District of Columbia. The Company operates through three strategic business units and five reportable segments. The three strategic units/reportable segments are the Commercial Group, Residential Group and Land Development Group. The Commercial Group owns, develops, acquires and operates regional malls, specialty/urban retail centers, office and life science buildings, hotels and mixed-use projects. The Residential Group owns, develops, acquires and operates residential rental properties, including upscale and middle-market apartments and adaptive re-use developments. Additionally, it develops for-sale condominium projects and also owns interests in entities that develop and manage military family housing. The Land Development Group acquires and sells both land and developed lots to residential, commercial and industrial customers. It also owns and develops land into master-planned communities and mixed-use projects. The remaining two reportable segments are the New Jersey Nets (The Nets), a franchise of the NBA in which the Company accounts for its investment on the equity method of accounting, and Corporate Activities. The Company has centralized the capital management, financial reporting and certain administrative functions of its business units. In most other respects, the strategic business units operate autonomously, with the Commercial Group and Residential Group each having their own development, acquisition, leasing, property and financial management functions. At January 31, 2009, the Company had approximately $11.4 billion in consolidated assets, of which approximately $10.6 billion was invested in real estate, at cost. The Company's core markets include the New York City/Philadelphia metropolitan area, Denver, Boston, the Greater Washington D.C./Baltimore metropolitan area, Chicago and the state of California. It has offices in Albuquerque, Boston, Chicago, Denver, London (England), Los Angeles, New York City, San Francisco, Washington, D.C. and its corporate headquarters in Cleveland, Ohio. The Company's portfolio of real estate assets is diversified both geographically and among property types. The real estate industry is highly competitive in many of the markets in which the Company operates. In addition to real estate competition, the Company faces competition related to the operation of The Nets, a professional sports franchise. Specifically, The Nets are in competition with other league sports, college athletics and other sports-related and non-sports related entertainment. The Company is subject to a number of foreign, federal, state and local environmental protection and health and safety laws and regulations governing, among other things: the generation, storage, handling, use and tra
Company Website
SEC Reports
Industry: Real Estate - General
Compare:SUHJY, CHEUY, MITEY, BAM, HLDVF
ยป More Articles for FCE.A

Headlines

Articles On GuruFocus.com
comment on FCE.A May 16 2013 
Third Avenue Management Stategies and their top holdings : PKX, BAM, FCE.A, BK, TRC Sep 23 2011 
Weekly Guru Bargains Highlights: RCL, FCE.A, TCK, DHR, X Aug 20 2011 
Martin Whitman Buys Applied Materials Inc., Sells Brookfield Asset Management Inc. Ltd., Forest City Dec 30 2010 
Third Avenue Value Fund Q2: Buys Sycamore Networks Inc., Sells CIT, MDC, BIP Sep 09 2010 
Third Avenue Management Publishes Quarterly Letters; Top Holdings: BAM, PKX, FCE.A, BK, NBR Aug 31 2010 
Michael Price Top Holdings: ConocoPhillips, Wyeth, Terra Industries Inc., Forest City Enterprises In Nov 22 2009 
Martin Whitman Buys more Forest City Enterprises Inc., Sells CIT Group Inc., Radian Group Inc. Sep 02 2009 
Martin Whitman Buys Sears Holdings Corp., Nabors Industries Ltd., and EnCana Corp. Sells Raymond Jam Dec 29 2008 
Forest City Reports Third-Quarter and Year-to-Date Financial Results Dec 09 2008 

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