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GuruFocus Financial Strength Rank measures how strong a company’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 : 7/10

vs
industry
vs
history
Cash to Debt 0.46
FOR's Cash to Debt is ranked higher than
69% of the 1397 Companies
in the Global Real Estate - General industry.

( Industry Median: 0.31 vs. FOR: 0.46 )
FOR' s 10-Year Cash to Debt Range
Min: 0.02   Max: No Debt
Current: 0.46

Equity to Asset 0.60
FOR's Equity to Asset is ranked higher than
82% of the 1399 Companies
in the Global Real Estate - General industry.

( Industry Median: 0.44 vs. FOR: 0.60 )
FOR' s 10-Year Equity to Asset Range
Min: 0.53   Max: 0.67
Current: 0.6

0.53
0.67
Interest Coverage 2.33
FOR's Interest Coverage is ranked lower than
54% of the 772 Companies
in the Global Real Estate - General industry.

( Industry Median: 9.74 vs. FOR: 2.33 )
FOR' s 10-Year Interest Coverage Range
Min: 1.15   Max: 11.53
Current: 2.33

1.15
11.53
F-Score: 6
Z-Score: 2.17
M-Score: -2.39
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’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.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

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 : 8/10

vs
industry
vs
history
Operating margin (%) 14.07
FOR's Operating margin (%) is ranked higher than
62% of the 1410 Companies
in the Global Real Estate - General industry.

( Industry Median: 21.25 vs. FOR: 14.07 )
FOR' s 10-Year Operating margin (%) Range
Min: 14.07   Max: 85.51
Current: 14.07

14.07
85.51
Net-margin (%) 8.86
FOR's Net-margin (%) is ranked higher than
60% of the 1409 Companies
in the Global Real Estate - General industry.

( Industry Median: 14.99 vs. FOR: 8.86 )
FOR' s 10-Year Net-margin (%) Range
Min: 5.06   Max: 40.41
Current: 8.86

5.06
40.41
ROE (%) 4.13
FOR's ROE (%) is ranked higher than
55% of the 1390 Companies
in the Global Real Estate - General industry.

( Industry Median: 7.72 vs. FOR: 4.13 )
FOR' s 10-Year ROE (%) Range
Min: 1.01   Max: 12.4
Current: 4.13

1.01
12.4
ROA (%) 2.50
FOR's ROA (%) is ranked higher than
63% of the 1418 Companies
in the Global Real Estate - General industry.

( Industry Median: 3.21 vs. FOR: 2.50 )
FOR' s 10-Year ROA (%) Range
Min: 0.65   Max: 8.36
Current: 2.5

0.65
8.36
ROC (Joel Greenblatt) (%) 6.14
FOR's ROC (Joel Greenblatt) (%) is ranked higher than
57% of the 1380 Companies
in the Global Real Estate - General industry.

( Industry Median: 18.71 vs. FOR: 6.14 )
FOR' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 3.15   Max: 21.29
Current: 6.14

3.15
21.29
Revenue Growth (%) 47.70
FOR's Revenue Growth (%) is ranked higher than
95% of the 1152 Companies
in the Global Real Estate - General industry.

( Industry Median: 5.20 vs. FOR: 47.70 )
FOR' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 47.7
Current: 47.7

0
47.7
EBITDA Growth (%) 39.20
FOR's EBITDA Growth (%) is ranked higher than
93% of the 961 Companies
in the Global Real Estate - General industry.

( Industry Median: 4.10 vs. FOR: 39.20 )
FOR' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 39.2
Current: 39.2

0
39.2
EPS Growth (%) 78.80
FOR's EPS Growth (%) is ranked higher than
96% of the 922 Companies
in the Global Real Estate - General industry.

( Industry Median: 6.30 vs. FOR: 78.80 )
FOR' s 10-Year EPS Growth (%) Range
Min: 0   Max: 78.8
Current: 78.8

0
78.8
» FOR's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2013

FOR Guru Trades in Q3 2013

Ron Baron 1,059,850 sh (+21.54%)
NWQ Managers 2,693,941 sh (+4.59%)
John Keeley 2,319,137 sh (+1.42%)
Louis Moore Bacon 150,000 sh (unchged)
Chuck Royce 205,000 sh (unchged)
Paul Tudor Jones Sold Out
Arnold Schneider 426,430 sh (-3.56%)
Jim Simons 45,200 sh (-66.74%)
» More
Q4 2013

FOR Guru Trades in Q4 2013

John Keeley 2,672,067 sh (+15.22%)
Louis Moore Bacon 170,426 sh (+13.62%)
NWQ Managers 2,841,345 sh (+5.47%)
Chuck Royce 205,000 sh (unchged)
Arnold Schneider 339,065 sh (-20.49%)
Ron Baron 808,572 sh (-23.71%)
Jim Simons 32,200 sh (-28.76%)
» More
Q1 2014

FOR Guru Trades in Q1 2014

Steven Cohen 10,368 sh (New)
Jim Simons 79,166 sh (+145.86%)
NWQ Managers 3,528,793 sh (+24.19%)
John Keeley 2,712,239 sh (+1.5%)
Louis Moore Bacon 170,426 sh (unchged)
Ron Baron Sold Out
Chuck Royce 155,000 sh (-24.39%)
Arnold Schneider 253,663 sh (-25.19%)
» More
Q2 2014

FOR Guru Trades in Q2 2014

Manning & Napier Advisors, Inc 117,964 sh (New)
Third Avenue Management 520,060 sh (New)
NWQ Managers 4,392,535 sh (+24.48%)
Jim Simons 96,300 sh (+21.64%)
Louis Moore Bacon 170,426 sh (unchged)
Chuck Royce 155,000 sh (unchged)
John Keeley 2,590,988 sh (-4.47%)
Arnold Schneider 235,163 sh (-7.29%)
» More
» Details

Insider Trades

Latest Guru Trades with FOR

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2014-03-31 Sold Out 0.07%$17.67 - $21.36 $ 20.073%0
John Keeley 2013-12-31 Add 15.22%0.13%$18.42 - $23.59 $ 20.07-4%2672067
Ron Baron 2013-12-31 Reduce -23.71%0.02%$18.42 - $23.59 $ 20.07-4%808572
Ron Baron 2013-09-30 Add 21.54%0.02%$19.51 - $22.57 $ 20.07-5%1059850
Ron Baron 2013-06-30 Add 92.28%0.04%$19.44 - $24.68 $ 20.07-9%872000
Ron Baron 2013-03-31 New Buy0.05%$16.99 - $22.82 $ 20.073%453500
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on Forestar Group Inc

Baron Funds Comments on Forestar Group Inc. - Feb 24, 2014

Forestar Group, Inc. (FOR) detracted from performance this quarter. Forestar is a leading real estate and resource development company, with 136,000 acres of owned land intended for residential and commercial development, and significant holdings of mineral and water rights. Underperformance was driven by a dilutive equity offering to fund the company's growth strategy.



From Ron Baron (Trades, Portfolio)'s Baron Funds' fourth quarter 2013 commentary.

Check out Ron Baron latest stock trades

Top Ranked Articles about Forestar Group Inc

Baron Funds Comments on Forestar Group Inc.
Forestar Group, Inc. (FOR) detracted from performance this quarter. Forestar is a leading real estate and resource development company, with 136,000 acres of owned land intended for residential and commercial development, and significant holdings of mineral and water rights. Underperformance was driven by a dilutive equity offering to fund the company's growth strategy. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 16.90
FOR's P/E(ttm) is ranked higher than
68% of the 1536 Companies
in the Global Real Estate - General industry.

( Industry Median: 18.00 vs. FOR: 16.90 )
FOR' s 10-Year P/E(ttm) Range
Min: 7.63   Max: 137.25
Current: 16.9

7.63
137.25
P/B 0.90
FOR's P/B is ranked higher than
73% of the 1536 Companies
in the Global Real Estate - General industry.

( Industry Median: 1.14 vs. FOR: 0.90 )
FOR' s 10-Year P/B Range
Min: 0.29   Max: 2.29
Current: 0.9

0.29
2.29
P/S 2.40
FOR's P/S is ranked higher than
69% of the 1536 Companies
in the Global Real Estate - General industry.

( Industry Median: 3.38 vs. FOR: 2.40 )
FOR' s 10-Year P/S Range
Min: 0.82   Max: 7.28
Current: 2.4

0.82
7.28
EV-to-EBIT 11.82
FOR's EV-to-EBIT is ranked higher than
83% of the 1536 Companies
in the Global Real Estate - General industry.

( Industry Median: 23.78 vs. FOR: 11.82 )
FOR' s 10-Year EV-to-EBIT Range
Min: 5.1   Max: 134.8
Current: 11.82

5.1
134.8
Shiller P/E 30.50
FOR's Shiller P/E is ranked higher than
75% of the 1536 Companies
in the Global Real Estate - General industry.

( Industry Median: 9999.00 vs. FOR: 30.50 )
FOR' s 10-Year Shiller P/E Range
Min: 24.05   Max: 42.36
Current: 30.5

24.05
42.36
Current Ratio 12.13
FOR's Current Ratio is ranked higher than
97% of the 921 Companies
in the Global Real Estate - General industry.

( Industry Median: 1.62 vs. FOR: 12.13 )
FOR' s 10-Year Current Ratio Range
Min: 1.66   Max: 68.68
Current: 12.13

1.66
68.68
Quick Ratio 3.65
FOR's Quick Ratio is ranked higher than
92% of the 921 Companies
in the Global Real Estate - General industry.

( Industry Median: 0.89 vs. FOR: 3.65 )
FOR' s 10-Year Quick Ratio Range
Min: 0.68   Max: 3.92
Current: 3.65

0.68
3.92

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 125.40
FOR's Price/Net Current Asset Value is ranked higher than
94% of the 1536 Companies
in the Global Real Estate - General industry.

( Industry Median: 9999.00 vs. FOR: 125.40 )
FOR' s 10-Year Price/Net Current Asset Value Range
Min: 5.52   Max: 117.69
Current: 125.4

5.52
117.69
Price/Tangible Book 1.00
FOR's Price/Tangible Book is ranked higher than
74% of the 1536 Companies
in the Global Real Estate - General industry.

( Industry Median: 1.21 vs. FOR: 1.00 )
FOR' s 10-Year Price/Tangible Book Range
Min: 0.62   Max: 2.09
Current: 1

0.62
2.09
Price/DCF (Projected) 1.30
FOR's Price/DCF (Projected) is ranked higher than
87% of the 1536 Companies
in the Global Real Estate - General industry.

( Industry Median: 9999.00 vs. FOR: 1.30 )
FOR' s 10-Year Price/DCF (Projected) Range
Min: 1.02   Max: 1.53
Current: 1.3

1.02
1.53
Price/Median PS Value 0.60
FOR's Price/Median PS Value is ranked higher than
91% of the 1536 Companies
in the Global Real Estate - General industry.

( Industry Median: 1.16 vs. FOR: 0.60 )
FOR' s 10-Year Price/Median PS Value Range
Min: 0.47   Max: 1.79
Current: 0.6

0.47
1.79
Price/Graham Number 0.80
FOR's Price/Graham Number is ranked higher than
77% of the 1536 Companies
in the Global Real Estate - General industry.

( Industry Median: 1.08 vs. FOR: 0.80 )
FOR' s 10-Year Price/Graham Number Range
Min: 0.56   Max: 2.7
Current: 0.8

0.56
2.7
Earnings Yield (Greenblatt) 8.50
FOR's Earnings Yield (Greenblatt) is ranked higher than
79% of the 1329 Companies
in the Global Real Estate - General industry.

( Industry Median: 5.30 vs. FOR: 8.50 )
FOR' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.7   Max: 19.5
Current: 8.5

0.7
19.5
Forward Rate of Return (Yacktman) 0.91
FOR's Forward Rate of Return (Yacktman) is ranked higher than
68% of the 1032 Companies
in the Global Real Estate - General industry.

( Industry Median: 2.89 vs. FOR: 0.91 )
FOR' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -13.1   Max: 1.6
Current: 0.91

-13.1
1.6

Business Description

Industry: Real Estate Services » Real Estate - General
Compare:FXRE, JOE, TRC, GBH, MMPI, CTO, JPM » details
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. Its real estate segment provided 70 percent of its 2012 consolidated revenues. It owns about 100,000 acres in a broad area around Atlanta, Georgia, with the balance located primarily in Texas. It also develops and own directly or through ventures, multifamily communities as income producing properties, mainly in its target markets. It has 15 real estate projects representing about 26,000 acres in the entitlement process, principally in Georgia. It also have about 74 entitled, developed or under development projects in seven states and 11 markets encompassing almost 15,000 remaining acres, comprised of land planned for about 24,000 residential lots and about 2,400 commercial acres. It owns and manages projects both directly and through ventures. Its mineral resources segment provided 26 percent of its 2012 consolidated revenues. It promote the exploitation, exploration and development of oil and natural gas on its 590,000 net mineral acres owned and may participate in working interests or drill as an operator. The four principal areas of ownership are Texas, Louisiana, Alabama and Georgia. The majority of its revenues are from oil and natural gas royalties from over 542 gross productive wells operated by third parties in Texas and Louisiana and lease bonus payments received. The principal areas of operations of its leasehold interests are in Nebraska, Kansas, Oklahoma, North Dakota and Texas and include 394 gross oil and natural gas wells with working interest ownership of which it operate approximately 136 wells. Its fiber resources segment provided 4 percent of its 2012 consolidated revenues. It sells wood fiber from its land, primarily in Georgia, and lease land for recreational uses. It has about 121,000 acres of timber it own directly or through ventures and about 17,000 acres of timber under lease. 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.
» More Articles for FOR

Headlines

Articles On GuruFocus.com
Baron Funds Comments on Forestar Group Inc. Feb 24 2014 
Weekly CEO Buys Highlight: NL, LNCR, MSCI, VITC, FOR Sep 24 2011 
FORESTAR RE GROUP Reports Operating Results (10-K) Mar 02 2011 
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 
Forestar Group Inc. Reports Second Quarter 2009 Results Aug 05 2009 
Forestar Announces Additional Disclosures Related to Oil and Gas Mineral Interests Aug 05 2009 
Forestar Completes Sale of 20,000 acres of HBU Timberland for $39.5 Million Aug 04 2009 

More From Other Websites
FORESTAR GROUP INC. Financials Aug 15 2014
FORESTAR GROUP INC. Files SEC form 10-Q, Quarterly Report Aug 08 2014
Forestar Group Inc. (FOR) in Focus: Stock Rises 6.8% Aug 07 2014
Forestar Group Inc Earnings Call scheduled for 10:00 am ET today Aug 06 2014
Forestar Group Inc. Reports Second Quarter 2014 Results Aug 06 2014
FORESTAR GROUP INC. Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD... Aug 06 2014
Forestar Group Inc. Reports Second Quarter 2014 Results Aug 06 2014
Q2 2014 Forestar Group Inc. Earnings Release - Before Market Open Aug 06 2014
Bryman College Operator Files for Chapter 11 Jul 21 2014
FORESTAR GROUP INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a... Jul 18 2014
Forestar Group to Release Second Quarter 2014 Results on August 6, 2014 Jul 08 2014
Forestar Group to Release Second Quarter 2014 Results on August 6, 2014 Jul 08 2014
FORESTAR GROUP INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits May 30 2014
FORESTAR GROUP INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a... May 16 2014
FORESTAR GROUP INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a... May 15 2014
FORESTAR GROUP INC. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders May 14 2014
FORESTAR GROUP INC. Files SEC form 10-Q, Quarterly Report May 09 2014
Forestar Announces Pricing of $250 Million of Senior Secured Notes May 07 2014
FORESTAR GROUP INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits May 07 2014
Forestar Group's (FOR) CEO James DeCosmo on Q1 2014 Results - Earnings Call Transcript May 07 2014

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