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FORESTAR GROUP INC (FOR) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:FOR - US3462321015 - Common Stock

24.77 USD
-0.53 (-2.09%)
Last: 1/23/2026, 4:10:04 PM
24.77 USD
0 (0%)
After Hours: 1/23/2026, 4:10:04 PM
Fundamental Rating

4

Taking everything into account, FOR scores 4 out of 10 in our fundamental rating. FOR was compared to 62 industry peers in the Real Estate Management & Development industry. FOR has an excellent profitability rating, but there are concerns on its financial health. FOR has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • FOR had positive earnings in the past year.
  • In the past year FOR has reported a negative cash flow from operations.
  • In the past 5 years FOR has always been profitable.
  • The reported operating cash flow has been mixed in the past 5 years: FOR reported negative operating cash flow in multiple years.
FOR Yearly Net Income VS EBIT VS OCF VS FCFFOR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M

1.2 Ratios

  • With an excellent Return On Assets value of 5.35%, FOR belongs to the best of the industry, outperforming 90.32% of the companies in the same industry.
  • FOR has a better Return On Equity (9.50%) than 85.48% of its industry peers.
  • The Return On Invested Capital of FOR (6.15%) is better than 77.42% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for FOR is in line with the industry average of 5.44%.
Industry RankSector Rank
ROA 5.35%
ROE 9.5%
ROIC 6.15%
ROA(3y)6.42%
ROA(5y)6.43%
ROE(3y)11.48%
ROE(5y)12.05%
ROIC(3y)7.33%
ROIC(5y)7.6%
FOR Yearly ROA, ROE, ROICFOR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20 -30 -40

1.3 Margins

  • With a decent Profit Margin value of 10.10%, FOR is doing good in the industry, outperforming 79.03% of the companies in the same industry.
  • FOR's Profit Margin has improved in the last couple of years.
  • FOR has a Operating Margin of 13.01%. This is amongst the best in the industry. FOR outperforms 82.26% of its industry peers.
  • FOR's Operating Margin has improved in the last couple of years.
  • The Gross Margin of FOR (22.30%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of FOR has grown nicely.
Industry RankSector Rank
OM 13.01%
PM (TTM) 10.1%
GM 22.3%
OM growth 3Y-5.5%
OM growth 5Y10.86%
PM growth 3Y-4.97%
PM growth 5Y9.13%
GM growth 3Y1.1%
GM growth 5Y11.96%
FOR Yearly Profit, Operating, Gross MarginsFOR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -50

1

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FOR is destroying value.
  • FOR has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for FOR has been increased compared to 5 years ago.
  • Compared to 1 year ago, FOR has a worse debt to assets ratio.
FOR Yearly Shares OutstandingFOR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
FOR Yearly Total Debt VS Total AssetsFOR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • Based on the Altman-Z score of 1.77, we must say that FOR is in the distress zone and has some risk of bankruptcy.
  • FOR has a Altman-Z score (1.77) which is comparable to the rest of the industry.
  • FOR has a Debt/Equity ratio of 0.45. This is a healthy value indicating a solid balance between debt and equity.
  • FOR has a Debt to Equity ratio of 0.45. This is comparable to the rest of the industry: FOR outperforms 56.45% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF N/A
Altman-Z 1.77
ROIC/WACC0.82
WACC7.54%
FOR Yearly LT Debt VS Equity VS FCFFOR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 0.89 indicates that FOR may have some problems paying its short term obligations.
  • With a Current ratio value of 0.89, FOR is not doing good in the industry: 82.26% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.89 indicates that FOR may have some problems paying its short term obligations.
  • FOR has a worse Quick ratio (0.89) than 79.03% of its industry peers.
Industry RankSector Rank
Current Ratio 0.89
Quick Ratio 0.89
FOR Yearly Current Assets VS Current LiabilitesFOR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

4

3. Growth

3.1 Past

  • FOR shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.00%.
  • The Earnings Per Share has been growing by 22.29% on average over the past years. This is a very strong growth
  • FOR shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.14%.
  • The Revenue has been growing by 12.27% on average over the past years. This is quite good.
EPS 1Y (TTM)-6%
EPS 3Y-3.21%
EPS 5Y22.29%
EPS Q2Q%-6.25%
Revenue 1Y (TTM)10.14%
Revenue growth 3Y3.05%
Revenue growth 5Y12.27%
Sales Q2Q%9.03%

3.2 Future

  • The Earnings Per Share is expected to grow by 3.24% on average over the next years.
  • FOR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.81% yearly.
EPS Next Y-7.65%
EPS Next 2Y3.24%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.91%
Revenue Next 2Y7.81%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
FOR Yearly Revenue VS EstimatesFOR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
FOR Yearly EPS VS EstimatesFOR Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

6

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 7.53, the valuation of FOR can be described as very cheap.
  • FOR's Price/Earnings ratio is rather cheap when compared to the industry. FOR is cheaper than 93.55% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.30. FOR is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 7.02 indicates a rather cheap valuation of FOR.
  • 98.39% of the companies in the same industry are more expensive than FOR, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 24.32. FOR is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 7.53
Fwd PE 7.02
FOR Price Earnings VS Forward Price EarningsFOR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • FOR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FOR is cheaper than 96.77% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.78
FOR Per share dataFOR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

  • FOR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.34
EPS Next 2Y3.24%
EPS Next 3YN/A

0

5. Dividend

5.1 Amount

  • No dividends for FOR!.
Industry RankSector Rank
Dividend Yield 0%

FORESTAR GROUP INC / FOR FAQ

What is the ChartMill fundamental rating of FORESTAR GROUP INC (FOR) stock?

ChartMill assigns a fundamental rating of 4 / 10 to FOR.


Can you provide the valuation status for FORESTAR GROUP INC?

ChartMill assigns a valuation rating of 6 / 10 to FORESTAR GROUP INC (FOR). This can be considered as Fairly Valued.


How profitable is FORESTAR GROUP INC (FOR) stock?

FORESTAR GROUP INC (FOR) has a profitability rating of 7 / 10.


What is the valuation of FORESTAR GROUP INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for FORESTAR GROUP INC (FOR) is 7.53 and the Price/Book (PB) ratio is 0.71.


How financially healthy is FORESTAR GROUP INC?

The financial health rating of FORESTAR GROUP INC (FOR) is 1 / 10.