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20.78 (1y: +127%)
Market Cap 8.33 B P/E(ttm) 26.90
Enterprise Value 9.25 B P/B 3.80
PHM- NYSE (USA)
PulteGroup Inc
  • Currently 1/5
Business Predictability Rank: 1-Star
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
$20.78
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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 : 7/10

vs
industry		 vs
history
Cash to Debt 0.56
PHM's Cash to Debt is ranked higher than
50% of the 458 Companies
in the Global Residential Construction industry.

( Industry Median: 0.86 vs. PHM: 0.56 )
PHM' s 10-Year Cash to Debt Range
Min: 0.03   Max: 0.56
Current: 0.56
0.03
0.56
Equity to Asset 0.325
PHM's Equity to Asset is ranked lower than
66% of the 458 Companies
in the Global Residential Construction industry.

( Industry Median: 0.51 vs. PHM: 0.325 )
PHM' s 10-Year Equity to Asset Range
Min: 0.28   Max: 0.5
Current: 0.33
0.28
0.5
Interest Coverage No Debt
PHM's Interest Coverage is ranked higher than
96% of the 458 Companies
in the Global Residential Construction industry.

( Industry Median: 4.40 vs. PHM: No Debt )
PHM' s 10-Year Interest Coverage Range
Min: 17   Max: No Debt
Current: No Debt
F-Score: 7
Z-Score: 2.51
M-Score: -4.82
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 : 7/10

vs
industry		 vs
history
Operating margin (%) 5.00
PHM's Operating margin (%) is ranked higher than
70% of the 458 Companies
in the Global Residential Construction industry.

( Industry Median: 3.50 vs. PHM: 5.00 )
PHM' s 10-Year Operating margin (%) Range
Min: -30.5   Max: 15
Current: 5
-30.5
15
Net-margin (%) 4.3
PHM's Net-margin (%) is ranked higher than
73% of the 458 Companies
in the Global Residential Construction industry.

( Industry Median: 1.90 vs. PHM: 4.3 )
PHM' s 10-Year Net-margin (%) Range
Min: -29   Max: 10.2
Current: 4.3
-29
10.2
ROE (%) 9.4
PHM's ROE (%) is ranked higher than
82% of the 458 Companies
in the Global Residential Construction industry.

( Industry Median: 2.60 vs. PHM: 9.4 )
PHM' s 10-Year ROE (%) Range
Min: -52.2   Max: 25
Current: 9.4
-52.2
25
ROA (%) 3.1
PHM's ROA (%) is ranked higher than
72% of the 458 Companies
in the Global Residential Construction industry.

( Industry Median: 1.50 vs. PHM: 3.1 )
PHM' s 10-Year ROA (%) Range
Min: -22.1   Max: 11.4
Current: 3.1
-22.1
11.4
ROC (Joel Greenblatt) (%) 10.30
PHM's ROC (Joel Greenblatt) (%) is ranked higher than
76% of the 458 Companies
in the Global Residential Construction industry.

( Industry Median: 3.90 vs. PHM: 10.30 )
PHM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -50.3   Max: 33.8
Current: 10.3
-50.3
33.8
Revenue Growth (%) -2
PHM's Revenue Growth (%) is ranked lower than
73% of the 458 Companies
in the Global Residential Construction industry.

( Industry Median: 0.00 vs. PHM: -2 )
PHM' s 10-Year Revenue Growth (%) Range
Min: -29.5   Max: 16.6
Current: -2
-29.5
16.6
ยป PHM's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

PHM Guru Trades in Q2 2012

Ray Dalio 538,860 sh (New)
Jim Simons 4,933,167 sh (+145.22%)
Steven Cohen 57,146 sh (+119.74%)
John Keeley 3,292,000 sh (+4.29%)
Bruce Kovner Sold Out
Charles Brandes 2,143,858 sh (-0.39%)
Ronald Muhlenkamp 303,500 sh (-0.49%)
» More
Q3 2012

PHM Guru Trades in Q3 2012

Bruce Kovner 450,736 sh (New)
Jeremy Grantham 17,900 sh (New)
Ken Heebner 7,150,000 sh (New)
Ray Dalio 743,223 sh (+37.93%)
Steven Cohen 57,432 sh (+0.5%)
Ronald Muhlenkamp 303,500 sh (unchged)
George Soros 350,000 sh (unchged)
John Keeley 2,237,210 sh (-32.04%)
Charles Brandes 1,291,492 sh (-39.76%)
Jim Simons 1,569,567 sh (-68.18%)
» More
Q4 2012

PHM Guru Trades in Q4 2012

Steven Cohen 239,239 sh (+316.56%)
Ronald Muhlenkamp 402,500 sh (+32.62%)
Ken Heebner 8,870,000 sh (+24.06%)
Jim Simons 1,719,967 sh (+9.58%)
Bruce Kovner Sold Out
Ray Dalio 641,089 sh (-13.74%)
John Keeley 1,823,080 sh (-18.51%)
Charles Brandes 1,019,239 sh (-21.08%)
» More
Q1 2013

PHM Guru Trades in Q1 2013

Jeremy Grantham 180,300 sh (New)
Steven Cohen 1,167,603 sh (+388.05%)
Charles Brandes Sold Out
Ray Dalio 428,089 sh (-33.22%)
Ronald Muhlenkamp 220,600 sh (-45.19%)
Jim Simons 419,667 sh (-75.6%)
John Keeley 381,090 sh (-79.1%)
Ken Heebner 1,410,000 sh (-84.1%)
» More
» Details

Insider Trades

Latest Guru Trades with PHM

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ronald Muhlenkamp 2013-03-31 Reduce -45.19%0.72%$18.02 - $21.67 $ 20.784%220600
John Keeley 2013-03-31 Reduce -79.1%0.59%$18.02 - $21.67 $ 20.784%381090
Charles Brandes 2013-03-31 Sold Out 0.22%$18.02 - $21.67 $ 20.784%0
Ray Dalio 2013-03-31 Reduce -33.22%0.04%$18.02 - $21.67 $ 20.784%428089
Ronald Muhlenkamp 2012-12-31 Add 32.62%0.39%$15.24 - $18.61 $ 20.7822%402500
Charles Brandes 2012-12-31 Reduce -21.08%0.05%$15.24 - $18.61 $ 20.7822%1019239
John Keeley 2012-09-30 Reduce -32.04%0.25%$10 - $17 $ 20.7863%2237210
Charles Brandes 2012-09-30 Reduce -39.76%0.1%$10 - $17 $ 20.7863%1291492
Ray Dalio 2012-09-30 Add 37.93%0.04%$10 - $17 $ 20.7863%743223
Ray Dalio 2012-06-30 New Buy0.09%$7.88 - $10.3 $ 20.78129%538860
Premium More recent guru trades are included for Premium Members only!!
ยป Financial Charts

Peter Lynch Chart

Guru Investment Theses on PulteGroup Inc

John Keeley Comments on PulteGroup Inc. - Dec 11, 2012

PulteGroup Inc. (PHM) was a significant contributor over the past year and was easily the top performing security in the portfolio. The homebuilder climbed over 292 percent over the trailing twelve months and contributed 119 basis points to the portfolio over that time period. The company has been effective at controlling costs and strategically improving many of its existing communities. Despite a number of positive economic reports related to housing, it appears that the rally in the industry is getting very little respect. We continue to see sentiment indexes improving rapidly, tight supply which is creating an attractive supply-demand imbalance, and improvements in pricing. Although we anticipate some volatility during the housing recovery, with interest rates at record lows and the Federal Reserve directly supporting rates with their recent announcement, we continue to expect progress in this area and have positioned the portfolio accordingly with Pulte and a number of other positions with exposure to the housing industry.

From Keeley Fundsโ€™ 2012 annual report.


Check out John Keeley latest stock trades

Top Ranked Articles about PulteGroup Inc

John Keeley Comments on PulteGroup Inc.
December 11, 2012
PulteGroup Inc. (PHM) was a significant contributor over the past year and was easily the top performing security in the portfolio. The homebuilder climbed over 292 percent over the trailing twelve months and contributed 119 basis points to the portfolio over that time period. The company has been effective at controlling costs and strategically improving many of its existing communities. Despite a number of positive economic reports related to housing, it appears that the rally in the industry is getting very little respect. We continue to see sentiment indexes improving rapidly, tight supply which is creating an attractive supply-demand imbalance, and improvements in pricing. Although we anticipate some volatility during the housing recovery, with interest rates at record lows and the Federal Reserve directly supporting rates with their recent announcement, we continue to expect progress in this area and have positioned the portfolio accordingly with Pulte and a number of other positions with exposure to the housing industry. Read more...
Billionaire David Tepper Increases Stake in One Home Builder 2700%
November 27, 2012
David Tepper - Billionaire David Tepper Increases Stake In One Home Builder 2700%
The housing renaissance did not materialize the way David Tepper may have imagined in 2011, when he added four of the panned home builder stocks in the first quarter: Kb Home (KBH), D.R. Horton Inc. (DHI), Pulte Group (PHM) and Beazer Homes USA Inc. (BZH). By year-end, he sold them all again, at or near a loss โ€“ with the exception of his Beazer holding, a fraction of which he retained. Read more...
Rise in US Housing Construction Affects Homebuilding Stocks
October 17, 2012
- Rise In US Housing Construction Affects Homebuilding Stocks
Several housing reports released this week have revealed a surge in home construction everywhere, as well as homebuyer confidence, thus triggering a wave of increases for homebuilding stocks. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 26.90
PHM's P/E(ttm) is ranked lower than
59% of the 301 Companies
in the Global Residential Construction industry.

( Industry Median: 17.60 vs. PHM: 26.90 )
PHM' s 10-Year P/E(ttm) Range
Min: 3.88   Max: 43
Current: 26.9
3.88
43
P/B 3.80
PHM's P/B is ranked lower than
77% of the 404 Companies
in the Global Residential Construction industry.

( Industry Median: 0.97 vs. PHM: 3.80 )
PHM' s 10-Year P/B Range
Min: 0.47   Max: 4.11
Current: 3.8
0.47
4.11
P/S 1.57
PHM's P/S is ranked lower than
63% of the 420 Companies
in the Global Residential Construction industry.

( Industry Median: 0.70 vs. PHM: 1.57 )
PHM' s 10-Year P/S Range
Min: 0.18   Max: 1.82
Current: 1.57
0.18
1.82
PFCF 8.80
PHM's PFCF is ranked higher than
72% of the 245 Companies
in the Global Residential Construction industry.

( Industry Median: 12.07 vs. PHM: 8.80 )
PHM' s 10-Year PFCF Range
Min: 1.1   Max: 77.05
Current: 8.8
1.1
77.05
EV-to-EBIT 27.8
PHM's EV-to-EBIT is ranked lower than
61% of the 285 Companies
in the Global Residential Construction industry.

( Industry Median: 14.18 vs. PHM: 27.8 )
PHM' s 10-Year EV-to-EBIT Range
Min: 5.3   Max: 270
Current: 27.8
5.3
270
Shiller P/E 76.3
PHM's Shiller P/E is ranked lower than
100% of the Companies
in the Global Residential Construction industry.

( Industry Median: vs. PHM: 76.3 )
PHM' s 10-Year Shiller P/E Range
Min: 4.44   Max: 78.8
Current: 76.3
4.44
78.8

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 3.8
PHM's Price/Net Current Asset Value is ranked higher than
59% of the 348 Companies
in the Global Residential Construction industry.

( Industry Median: 3.80 vs. PHM: 3.8 )
PHM' s 10-Year Price/Net Current Asset Value Range
Min: 0.8   Max: 3.3
Current: 3.8
0.8
3.3
Price/Tangible Book 3.9
PHM's Price/Tangible Book is ranked lower than
78% of the 382 Companies
in the Global Residential Construction industry.

( Industry Median: 1.00 vs. PHM: 3.9 )
PHM' s 10-Year Price/Tangible Book Range
Min: 0.6   Max: 3.4
Current: 3.9
0.6
3.4
Price/DCF (Projected) 0.9
PHM's Price/DCF (Projected) is ranked higher than
72% of the 134 Companies
in the Global Residential Construction industry.

( Industry Median: 1.10 vs. PHM: 0.9 )
PHM' s 10-Year Price/DCF (Projected) Range
Min: 0.4   Max: 33.9
Current: 0.9
0.4
33.9
Price/Median PS Value 2.9
PHM's Price/Median PS Value is ranked lower than
78% of the 375 Companies
in the Global Residential Construction industry.

( Industry Median: 1.10 vs. PHM: 2.9 )
PHM' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 2.6
Current: 2.9
0.5
2.6
Price/Graham Number 2.6
PHM's Price/Graham Number is ranked lower than
73% of the 281 Companies
in the Global Residential Construction industry.

( Industry Median: 0.90 vs. PHM: 2.6 )
PHM' s 10-Year Price/Graham Number Range
Min: 0.6   Max: 2.3
Current: 2.6
0.6
2.3
Earnings Yield (Greenblatt) 3.60
PHM's Earnings Yield (Greenblatt) is ranked higher than
59% of the 458 Companies
in the Global Residential Construction industry.

( Industry Median: 3.70 vs. PHM: 3.60 )
PHM' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.4   Max: 19
Current: 3.6
0.4
19
Forward Rate of Return (Yacktman) 10.94
PHM's Forward Rate of Return (Yacktman) is ranked higher than
92% of the 458 Companies
in the Global Residential Construction industry.

( Industry Median: 0.00 vs. PHM: 10.94 )
PHM' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 11.4   Max: 39.7
Current: 10.94
11.4
39.7

Business Description

PulteGroup Inc. is a Michigan corporation and was organized in 1956. It is a publicly-held holding company engaged in the homebuilding and financial services businesses. Homebuilding, its core business, is engaged in the acquisition and development of land mainly for residential purposes within the continental United States and the construction of housing on such land. Homebuilding offers a broad product line to meet the needs of home buyers in its targeted markets. Through its brands, which include Pulte Homes, Del Webb, and Centex, it offer a wide variety of home designs, including single-family detached, townhouses, condominiums, and duplexes at different prices and with varying levels of options and amenities to its major customer segments: entry-level, move-up, and active adult. Over its history, it has delivered nearly 600,000 homes. As of December 31, 2011, it conducted its operations in 61 markets located throughout 29 states. It also has one reportable segment for its financial services operations, which consist mainly of mortgage banking and title operations. Its Financial Services segment operates generally in the same geographic markets as its Homebuilding segments. The Company competes with are numerous homebuilders. It also compete with sales of existing house inventory, and any provider of housing units, for sale or to rent, including apartment operators, may be considered a competitor. . The operations of the Company are subject to building, environmental, and other regulations of various federal, state, and local governing authorities.
Company Website
SEC Reports
Industry: Residential Construction
Compare:MDC, TOL, DWAHY, DITFY, MTH
Traded in other countries:PU7.Germany
ยป More Articles for PHM

Headlines

Articles On GuruFocus.com
Guru Investors' Top Homebuilder Stocks as Data Signals Housing Turnaround Mar 20 2013 
How to Play the Housing Boom Mar 07 2013 
comment on PHM Mar 06 2013 
John Keeley Comments on PulteGroup Inc. Dec 11 2012 
John Keeley Annual Letter to Shareholders Dec 11 2012 
Billionaire David Tepper Increases Stake in One Home Builder 2700% Nov 27 2012 
Rise in US Housing Construction Affects Homebuilding Stocks Oct 17 2012 
Five Stocks under $10 That Might Appreciate to $15 Mar 07 2012 
Builder breaking out Jan 06 2012 
4 Up-Trending Smart Money Picks under $10 the Week of Oct. 24 Part 1 Oct 25 2011 

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