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23.3 (1y: +68%)
Market Cap 803.5 M P/E(ttm) 59.40
Enterprise Value 1.05 B P/B 1.50
FOR- NYSE (USA)
Forestar Group, Inc.
Not Rated
Top Ranked Predictable Companies
$23.30
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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

vs
industry		 vs
history
Cash to Debt 0.035
FOR's Cash to Debt is ranked lower than
84% of the 880 Companies
in the Global Real Estate - General industry.

( Industry Median: 0.41 vs. FOR: 0.035 )
FOR' s 10-Year Cash to Debt Range
Min: 0.02   Max: 0.21
Current: 0.04
0.02
0.21
Equity to Asset 0.507
FOR's Equity to Asset is ranked higher than
54% of the 880 Companies
in the Global Real Estate - General industry.

( Industry Median: 0.47 vs. FOR: 0.507 )
FOR' s 10-Year Equity to Asset Range
Min: 0.51   Max: 0.71
Current: 0.51
0.51
0.71
Interest Coverage 1.4
FOR's Interest Coverage is ranked lower than
59% of the 880 Companies
in the Global Real Estate - General industry.

( Industry Median: 3.40 vs. FOR: 1.4 )
FOR' s 10-Year Interest Coverage Range
Min: 1   Max: 12
Current: 1.4
1
12
F-Score: 5
Z-Score: 2.36
M-Score: -2.7
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

vs
industry		 vs
history
Operating margin (%) 15.70
FOR's Operating margin (%) is ranked lower than
54% of the 880 Companies
in the Global Real Estate - General industry.

( Industry Median: 18.20 vs. FOR: 15.70 )
FOR' s 10-Year Operating margin (%) Range
Min: 15.7   Max: 85.5
Current: 15.7
15.7
85.5
Net-margin (%) 7.5
FOR's Net-margin (%) is ranked lower than
59% of the 880 Companies
in the Global Real Estate - General industry.

( Industry Median: 11.80 vs. FOR: 7.5 )
FOR' s 10-Year Net-margin (%) Range
Min: 5.1   Max: 40.4
Current: 7.5
5.1
40.4
ROE (%) 2.4
FOR's ROE (%) is ranked lower than
67% of the 880 Companies
in the Global Real Estate - General industry.

( Industry Median: 5.90 vs. FOR: 2.4 )
FOR' s 10-Year ROE (%) Range
Min: 1   Max: 12.2
Current: 2.4
1
12.2
ROA (%) 1.4
FOR's ROA (%) is ranked lower than
64% of the 880 Companies
in the Global Real Estate - General industry.

( Industry Median: 2.70 vs. FOR: 1.4 )
FOR' s 10-Year ROA (%) Range
Min: 0.6   Max: 8.4
Current: 1.4
0.6
8.4
ROC (Joel Greenblatt) (%) 4.00
FOR's ROC (Joel Greenblatt) (%) is ranked lower than
60% of the 880 Companies
in the Global Real Estate - General industry.

( Industry Median: 7.10 vs. FOR: 4.00 )
FOR' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 3.2   Max: 21.3
Current: 4
3.2
21.3
Revenue Growth (%) 4.7
FOR's Revenue Growth (%) is ranked higher than
72% of the 880 Companies
in the Global Real Estate - General industry.

( Industry Median: 0.00 vs. FOR: 4.7 )
FOR' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 4.7
Current: 4.7
0
4.7
EBITDA Growth (%) -23.2
FOR's EBITDA Growth (%) is ranked lower than
93% of the 880 Companies
in the Global Real Estate - General industry.

( Industry Median: 0.00 vs. FOR: -23.2 )
FOR' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 11.9
Current: -23.2
0
11.9
EPS Growth (%) -31.6
FOR's EPS Growth (%) is ranked lower than
95% of the 880 Companies
in the Global Real Estate - General industry.

( Industry Median: 0.00 vs. FOR: -31.6 )
FOR' s 10-Year EPS Growth (%) Range
Min: 0   Max: -11.8
Current: -31.6
ยป FOR's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

FOR Guru Trades in Q2 2012

Jim Simons 116,300 sh (New)
Chuck Royce 338,000 sh (+40.25%)
NWQ Managers 3,330,910 sh (+5.8%)
Steven Cohen Sold Out
John Keeley 2,058,496 sh (-1.84%)
Arnold Schneider 321,745 sh (-12.46%)
» More
Q3 2012

FOR Guru Trades in Q3 2012

Chuck Royce 415,000 sh (+22.78%)
John Keeley 2,235,932 sh (+8.62%)
Arnold Schneider 347,955 sh (+8.15%)
NWQ Managers 3,122,778 sh (-6.25%)
Jim Simons 101,600 sh (-12.64%)
» More
Q4 2012

FOR Guru Trades in Q4 2012

Arnold Schneider 446,855 sh (+28.42%)
Jim Simons 127,664 sh (+25.65%)
NWQ Managers 3,216,309 sh (+3%)
Chuck Royce 415,000 sh (unchged)
John Keeley 2,234,797 sh (-0.05%)
» More
Q1 2013

FOR Guru Trades in Q1 2013

Ron Baron 453,500 sh (New)
Jim Simons 257,600 sh (+101.78%)
John Keeley 2,345,282 sh (+4.94%)
Arnold Schneider 446,280 sh (-0.13%)
NWQ Managers 2,789,995 sh (-13.25%)
Chuck Royce 205,000 sh (-50.6%)
» More
» Details

Insider Trades

Latest Guru Trades with FOR

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2013-03-31 New Buy0.05%$16.99 - $22.82 $ 23.320%453500
George Soros 2010-06-30 Sold Out $16.47 - $23.38 $ 23.319%0
George Soros 2010-03-31 New Buy$17.03 - $22.63 $ 23.320%10355
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 59.40
FOR's P/E(ttm) is ranked lower than
88% of the 713 Companies
in the Global Real Estate - General industry.

( Industry Median: 14.70 vs. FOR: 59.40 )
FOR' s 10-Year P/E(ttm) Range
Min: 7.62   Max: 137.25
Current: 59.4
7.62
137.25
P/B 1.50
FOR's P/B is ranked lower than
68% of the 843 Companies
in the Global Real Estate - General industry.

( Industry Median: 1.04 vs. FOR: 1.50 )
FOR' s 10-Year P/B Range
Min: 0.37   Max: 1.61
Current: 1.5
0.37
1.61
P/S 3.43
FOR's P/S is ranked lower than
58% of the 876 Companies
in the Global Real Estate - General industry.

( Industry Median: 2.64 vs. FOR: 3.43 )
FOR' s 10-Year P/S Range
Min: 1.04   Max: 7.28
Current: 3.43
1.04
7.28
PFCF 43.90
FOR's PFCF is ranked lower than
83% of the 494 Companies
in the Global Real Estate - General industry.

( Industry Median: 15.06 vs. FOR: 43.90 )
FOR' s 10-Year PFCF Range
Min: 3.97   Max: 97.42
Current: 43.9
3.97
97.42
EV-to-EBIT 24.4
FOR's EV-to-EBIT is ranked lower than
70% of the 686 Companies
in the Global Real Estate - General industry.

( Industry Median: 16.12 vs. FOR: 24.4 )
FOR' s 10-Year EV-to-EBIT Range
Min: 5.1   Max: 134.4
Current: 24.4
5.1
134.4

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 2.9
FOR's Price/Net Current Asset Value is ranked higher than
61% of the 507 Companies
in the Global Real Estate - General industry.

( Industry Median: 5.20 vs. FOR: 2.9 )
FOR' s 10-Year Price/Net Current Asset Value Range
Min: 1.1   Max: 2.9
Current: 2.9
1.1
2.9
Price/Tangible Book 1.7
FOR's Price/Tangible Book is ranked lower than
71% of the 820 Companies
in the Global Real Estate - General industry.

( Industry Median: 1.10 vs. FOR: 1.7 )
FOR' s 10-Year Price/Tangible Book Range
Min: 0.8   Max: 1.9
Current: 1.7
0.8
1.9
Price/Median PS Value 0.8
FOR's Price/Median PS Value is ranked higher than
78% of the 798 Companies
in the Global Real Estate - General industry.

( Industry Median: 1.20 vs. FOR: 0.8 )
FOR' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 1.7
Current: 0.8
0.5
1.7
Price/Graham Number 1.9
FOR's Price/Graham Number is ranked lower than
83% of the 679 Companies
in the Global Real Estate - General industry.

( Industry Median: 0.90 vs. FOR: 1.9 )
FOR' s 10-Year Price/Graham Number Range
Min: 0.9   Max: 2.7
Current: 1.9
0.9
2.7
Earnings Yield (Greenblatt) 4.10
FOR's Earnings Yield (Greenblatt) is ranked lower than
55% of the 880 Companies
in the Global Real Estate - General industry.

( Industry Median: 4.90 vs. FOR: 4.10 )
FOR' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.7   Max: 19.7
Current: 4.1
0.7
19.7

Business Description

Forestar Group Inc. is a Delaware corporation. The Company is a real estate and natural resources company. It manages its operations through three business segments: Real estate, Mineral resources, and Fiber resources. In its real estate segment, it conducts a wide array of project planning and management activities related to the acquisition, entitlement, development and sale of real estate, mainly residential and mixed-use communities. It owns and manages its projects either directly or through ventures, which it use to achieve a variety of business objectives, including more effective capital deployment, risk management, and leveraging a partner's local market contacts and expertise. It has real estate in nine states and 12 markets encompassing about 147,000 acres, including about 104,000 acres located in a broad area around Atlanta, Georgia, with the balance located mainly in Texas. Its development projects are principally located in the major markets of Texas. It leases its mineral interests to third parties for the exploration and production of oil and natural gas, principally in Texas and Louisiana. When it leases its mineral interests, it may negotiate a lease bonus payment and retain a royalty interest and may take an additional participation in production, including a non-operating working interest. Non-operating working interests refer to well interests in which it pay a share of the costs to drill, complete and operate a well and receive a proportionate share of the production revenues. It is currently not an operator with respect to any of the oil and natural gas activities on its properties. It sells wood fiber from portions of its land, mainly in Georgia, and lease land for recreational uses. The Company's competitors include other landowners who market and sell undeveloped land and numerous national, regional and local developers. The Company's operations are subject to federal, state and local laws, regulations and ordinances relating to protection of public health and the environment.
Company Website
SEC Reports
Industry: Real Estate - General
Compare:FXRE, JOE, TRC, GBH, MMPI, CTO, JPM
ยป More Articles for FOR

Headlines

Articles On GuruFocus.com
Weekly CEO Buys Highlight: NL, LNCR, MSCI, VITC, FOR Sep 24 2011 
FORESTAR RE GROUP Reports Operating Results (10-K) Mar 02 2011 
Westport Asset Top Purchase (QLGS, JDAS, GWW) and Top Sells (ISIL, FOR) Nov 21 2010 
FORESTAR RE GROUP Reports Operating Results (10-Q) Nov 04 2010 
FORESTAR RE GROUP Reports Operating Results (10-Q) Aug 06 2010 
FORESTAR RE GROUP Reports Operating Results (10-Q) Nov 05 2009 
FORESTAR RE GROUP Reports Operating Results (10-Q) Aug 06 2009 
Carl Icahn Buys UltraShort Real Estate ProShares, sells Anadarko Petroleum Corp., TempleInland Inc., May 21 2009 
FORESTAR RE GROUP Reports Operating Results (10-Q) May 07 2009 
John Keeley Buys Colfax Corp., FairPoint Communications Inc., Atlas Energy Resources LLC, Sells AFC Aug 11 2008 

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