Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
FOR
Strong BuyFLAGForestar Group Inc. · Real Estate · United States · $1.5B · Avg Vol: $4M/d
Forestar Group develops residential lots and is majority-owned by a large US homebuilder that is also its main customer, a structure that provides volume visibility but concentrates counterparty risk. Higher-for-longer mortgage rates suppress the entry-level demand its lots serve. Nothing adverse is known on accounting or governance, so the default applies.
COMPANY DESCRIPTION
Forestar Group is a leading national residential lot developer with operations focused on acquiring and developing land into finished lots for homebuilders. The company operates under a strategic relationship with D.R. Horton, the nation's largest homebuilder, which provides a highly secure demand channel for its developed lots. Its competitive moat is defined by its capital-efficient business model, national scale, and unique access to D.R. Horton's extensive market footprint.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.5B | 1.4B | 1.5B | 1.7B | 3.1% | 1.7B | 1.7B | 1.7B | 1.8% |
| EPS | 3.59 | 3.34 | 4.03 | 3.30 | -2.8% | 3.33 | 2.88 | 3.00 | -4.7% |
| Shares | 49.8M | 49.9M | 50.7M | 50.8M | +2.2% | 51.0M | — | — | — |
| Debt | 714.1M | 703.1M | 716.6M | 817.1M | 4.6% | 111.7M | — | — | — |
| Equity | 1.2B | 1.4B | 1.6B | 1.8B | 13.8% | — | — | — | — |
| Op CF | 108.7M | 364.1M | -158.4M | -197.7M | 235.0% | 283.9M | — | — | — |
| Inv CF | 1.3M | 0.3M | 7.3M | 3.2M | — | — | — | — | — |
| Fin CF | 1.2M | -13.2M | 16.3M | 92.5M | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of FOR are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| FOR | Forestar Group Inc.(you) | $1.5B | 90 | Strong Buy |
| CCS | Century Communities, Inc. | $2.0B | 86 | Strong Buy |
| HHH | Howard Hughes Holdings Inc. | $4.0B | 57 | Hold |
| AXR | AMREP Corporation | $122M | 78 | Buy |
| FPH | Five Point Holdings, LLC | $763M | 26 | Sell |
| SKYH | Sky Harbour Group Corporation | $849M | 16 | Strong Sell |
| SDHC | Smith Douglas Homes Corp. | $104M | 50 | Hold |
| IIPR | Innovative Industrial Properties, Inc. | $1.6B | 90 | Strong Buy |
| XHR | Xenia Hotels & Resorts, Inc. | $1.9B | 84 | Strong Buy |
| CBL | CBL & Associates Properties, Inc. | $1.7B | 99 | Strong Buy |
Peer medians: ROE 4.9% · P/E 25.1x · Gross margin 67.3%