Added to YB: 2025-03-12
Pitch date: 2025-03-10
FOR [bullish]
Forestar Group Inc.
+19.99%
current return
Author Info
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
$22.16
Price Target
91.00 (+242%)
Dividend
N/A
EV/EBITDA
7.79
P/E
7.39
EV/Sales
1.00
Sector
Real Estate Management and Development
Category
value
Buying $1 of Land for $0.70, Hopefully Selling it for $1.40: Forestar Group $FOR
FOR: Real estate developer at 0.7x BV, specializing in lot development. 16.2% 5yr BV CAGR. Land bank appreciates 3-5% annually. 2.3% US single-family home market share, aiming for 5% by 2030. Risks: 2/3 sales to DHI (62% owner). Target $91 (1.4x est. 2030 BV). Sell >1.4x P/B, buy <0.7x P/B.
Read full article (3 min)