Added to YB: 2024-02-05
Pitch date: 2024-02-04
FOR [bullish]
Forestar Group Inc.
-14.23%
current return
Author Info
No bio for this author
Company Info
Forestar Group Inc. operates as a residential lot development company in the United States. The company acquires land and develops infrastructure for single-family residential communities.
Market Cap
$1.2B
Pitch Price
$31.00
Price Target
48.00 (+81%)
Dividend
N/A
EV/EBITDA
7.79
P/E
7.39
EV/Sales
1.00
Sector
Real Estate Management and Development
Category
growth
Forestar Group: Homebuilders Are Primed For A Strong 2024, Buy While Still Cheap
$FOR: Undervalued homebuilder positioned for growth. Lots sold up 1000% since 2018, aims to double market share to 5%. Forecasts 15.5K lots & $1.5B revenue in 2024. Despite 100% 1yr return, trades <8.5x fwd earnings w/ 50% upside potential at 12x P/E. Strong buy.
Read full article (8 min)