FORESTAR GROUP INC (FOR) Fundamental Analysis & Valuation

NYSE:FOR • US3462321015

Current stock price

25.07 USD
+0.78 (+3.21%)
At close:
25.07 USD
0 (0%)
After Hours:

This FOR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. FOR Profitability Analysis

1.1 Basic Checks

  • In the past year FOR was profitable.
  • In the past year FOR had a positive cash flow from operations.
  • FOR had positive earnings in each of the past 5 years.
  • 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

  • The Return On Assets of FOR (5.25%) is better than 90.48% of its industry peers.
  • The Return On Equity of FOR (9.34%) is better than 85.71% of its industry peers.
  • With a decent Return On Invested Capital value of 6.11%, FOR is doing good in the industry, outperforming 79.37% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for FOR is in line with the industry average of 5.73%.
Industry RankSector Rank
ROA 5.25%
ROE 9.34%
ROIC 6.11%
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

  • FOR has a Profit Margin of 9.90%. This is amongst the best in the industry. FOR outperforms 80.95% of its industry peers.
  • FOR's Profit Margin has improved in the last couple of years.
  • FOR's Operating Margin of 12.79% is amongst the best of the industry. FOR outperforms 82.54% of its industry peers.
  • FOR's Operating Margin has improved in the last couple of years.
  • The Gross Margin of FOR (21.98%) is comparable to the rest of the industry.
  • FOR's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 12.79%
PM (TTM) 9.9%
GM 21.98%
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

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2

2. FOR Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FOR is destroying value.
  • FOR has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, FOR has more shares outstanding
  • The debt/assets ratio for FOR is higher compared to a year ago.
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

  • FOR has an Altman-Z score of 1.68. This is a bad value and indicates that FOR is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of FOR (1.68) is comparable to the rest of the industry.
  • The Debt to FCF ratio of FOR is 8.53, which is on the high side as it means it would take FOR, 8.53 years of fcf income to pay off all of its debts.
  • FOR has a Debt to FCF ratio of 8.53. This is in the better half of the industry: FOR outperforms 66.67% of its industry peers.
  • FOR has a Debt/Equity ratio of 0.44. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of FOR (0.44) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 8.53
Altman-Z 1.68
ROIC/WACC0.79
WACC7.7%
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 0.50 indicates that FOR may have some problems paying its short term obligations.
  • FOR has a worse Current ratio (0.50) than 84.13% of its industry peers.
  • A Quick Ratio of 0.50 indicates that FOR may have some problems paying its short term obligations.
  • FOR has a Quick ratio of 0.50. This is amonst the worse of the industry: FOR underperforms 80.95% of its industry peers.
Industry RankSector Rank
Current Ratio 0.5
Quick Ratio 0.5
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

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4

3. FOR Growth Analysis

3.1 Past

  • The earnings per share for FOR have decreased by -6.00% in the last year.
  • 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 15.89%.
  • 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)15.89%
Revenue growth 3Y3.05%
Revenue growth 5Y12.27%
Sales Q2Q%9.03%

3.2 Future

  • Based on estimates for the next years, FOR will show a small growth in Earnings Per Share. The EPS will grow by 1.46% on average per year.
  • FOR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.28% yearly.
EPS Next Y-7.65%
EPS Next 2Y1.46%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.84%
Revenue Next 2Y7.28%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

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8

4. FOR Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 7.62, which indicates a rather cheap valuation of FOR.
  • Based on the Price/Earnings ratio, FOR is valued cheaply inside the industry as 93.65% of the companies are valued more expensively.
  • FOR's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.54.
  • FOR is valuated cheaply with a Price/Forward Earnings ratio of 7.36.
  • 98.41% of the companies in the same industry are more expensive than FOR, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, FOR is valued rather cheaply.
Industry RankSector Rank
PE 7.62
Fwd PE 7.36
FOR Price Earnings VS Forward Price EarningsFOR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FOR indicates a rather cheap valuation: FOR is cheaper than 90.48% of the companies listed in the same industry.
  • FOR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FOR is cheaper than 82.54% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.72
EV/EBITDA 8.48
FOR Per share dataFOR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 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 2Y1.46%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. FOR Dividend Analysis

5.1 Amount

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

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FOR Fundamentals: All Metrics, Ratios and Statistics

FORESTAR GROUP INC

NYSE:FOR (3/23/2026, 8:04:00 PM)

After market: 25.07 0 (0%)

25.07

+0.78 (+3.21%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)01-20
Earnings (Next)04-21
Inst Owners36.3%
Inst Owner Change-3.63%
Ins Owners0.52%
Ins Owner Change1.89%
Market Cap1.28B
Revenue(TTM)1.69B
Net Income(TTM)166.80M
Analysts82.5
Price Target36.04 (43.76%)
Short Float %3.01%
Short Ratio3.49
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)13.56%
Min EPS beat(2)-6.23%
Max EPS beat(2)33.35%
EPS beat(4)1
Avg EPS beat(4)-1.42%
Min EPS beat(4)-19.97%
Max EPS beat(4)33.35%
EPS beat(8)3
Avg EPS beat(8)-5.05%
EPS beat(12)7
Avg EPS beat(12)15.36%
EPS beat(16)9
Avg EPS beat(16)18.8%
Revenue beat(2)2
Avg Revenue beat(2)11.42%
Min Revenue beat(2)3.57%
Max Revenue beat(2)19.27%
Revenue beat(4)2
Avg Revenue beat(4)3.35%
Min Revenue beat(4)-8.45%
Max Revenue beat(4)19.27%
Revenue beat(8)4
Avg Revenue beat(8)-2.29%
Revenue beat(12)8
Avg Revenue beat(12)7.93%
Revenue beat(16)10
Avg Revenue beat(16)5.19%
PT rev (1m)0%
PT rev (3m)8.72%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.4%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.06%
Valuation
Industry RankSector Rank
PE 7.62
Fwd PE 7.36
P/S 0.76
P/FCF 13.72
P/OCF 13.39
P/B 0.71
P/tB 0.71
EV/EBITDA 8.48
EPS(TTM)3.29
EY13.12%
EPS(NY)3.41
Fwd EY13.59%
FCF(TTM)1.83
FCFY7.29%
OCF(TTM)1.87
OCFY7.47%
SpS33.11
BVpS35.1
TBVpS35.1
PEG (NY)N/A
PEG (5Y)0.34
Graham Number50.97
Profitability
Industry RankSector Rank
ROA 5.25%
ROE 9.34%
ROCE 8.05%
ROIC 6.11%
ROICexc 6.63%
ROICexgc 6.78%
OM 12.79%
PM (TTM) 9.9%
GM 21.98%
FCFM 5.52%
ROA(3y)6.42%
ROA(5y)6.43%
ROE(3y)11.48%
ROE(5y)12.05%
ROIC(3y)7.33%
ROIC(5y)7.6%
ROICexc(3y)9.42%
ROICexc(5y)9.27%
ROICexgc(3y)9.54%
ROICexgc(5y)9.37%
ROCE(3y)9.66%
ROCE(5y)10.01%
ROICexgc growth 3Y-11.4%
ROICexgc growth 5Y8.61%
ROICexc growth 3Y-11.87%
ROICexc growth 5Y8.33%
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%
F-Score5
Asset Turnover0.53
Health
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 8.53
Debt/EBITDA 3.62
Cap/Depr 63.89%
Cap/Sales 0.14%
Interest Coverage 250
Cash Conversion 43.5%
Profit Quality 55.76%
Current Ratio 0.5
Quick Ratio 0.5
Altman-Z 1.68
F-Score5
WACC7.7%
ROIC/WACC0.79
Cap/Depr(3y)59.84%
Cap/Depr(5y)73.68%
Cap/Sales(3y)0.12%
Cap/Sales(5y)0.14%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-6%
EPS 3Y-3.21%
EPS 5Y22.29%
EPS Q2Q%-6.25%
EPS Next Y-7.65%
EPS Next 2Y1.46%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)15.89%
Revenue growth 3Y3.05%
Revenue growth 5Y12.27%
Sales Q2Q%9.03%
Revenue Next Year6.84%
Revenue Next 2Y7.28%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-2.09%
EBIT growth 3Y-2.62%
EBIT growth 5Y24.47%
EBIT Next Year8.65%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-63.64%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-62.95%
OCF growth 3YN/A
OCF growth 5YN/A

FORESTAR GROUP INC / FOR Fundamental Analysis FAQ

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

ChartMill assigns a fundamental rating of 5 / 10 to FOR.


Can you provide the valuation status for FORESTAR GROUP INC?

ChartMill assigns a valuation rating of 8 / 10 to FORESTAR GROUP INC (FOR). This can be considered as Undervalued.


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 7.62 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 2 / 10.