Forestar Group Inc. (N:FOR)

Sector:  Industrials Industry:  Construction & Engineering
See Regulatory Filings on SEC
Company Contact
Address: 2221 E Lamar Blvd Ste 790
ARLINGTON TX 76006-7429
Tel: N/A
IR: See website
Key People
Donald J. Tomnitz
Executive Chairman of the Board
Daniel C. Bartok
Chief Executive Officer
James D. Allen
Principal Financial Officer and Principal Accounting Officer
Business Overview
Forestar Group Inc. is a residential and mixed-use real estate development company. The Company operates through three segments. The Real Estate segment secures entitlements and develops infrastructure on its lands, for single-family residential and mixed-use communities. The Mineral resources segment is focused on its owned oil and gas mineral interests through promoting exploration, development and production activities. The Other segment manages its timber holdings, recreational leases and water resource initiatives. As of December 31, 2016, its core community development business had directly or through ventures interests in 50 residential and mixed-use projects consisting of 4,600 acres of real estate located in 10 states and 14 markets. As of December 31, 2016, its non-core assets included approximately 523,000 net acres of owned mineral assets, 19,000 acres of timberland and undeveloped land, four multifamily assets and approximately 20,000 acres of groundwater leases.
Financial Overview
For the nine months ended 30 June 2020, Forestar Group Inc. revenues increased from $192M to $584.2M. Net income increased 80% to $36.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was partially offset by Selling/General/Admin Expense increase of 66% to $32.9M (expense), Gain on sale of assets decrease of 92% to $200K (income).
Employees: 78 as of Sep 30, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $1,169M as of Jun 30, 2020
Annual revenue (TTM): $820.50M as of Jun 30, 2020
EBITDA (TTM): $61.20M as of Jun 30, 2020
Net annual income (TTM): $49.30M as of Jun 30, 2020
Free cash flow (TTM): -$147.40M as of Jun 30, 2020
Net Debt Last Fiscal Year: $285.00M as of Jun 30, 2020
Shares outstanding: 48,059,921 as of Jul 22, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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