Forestar

Forestar Group Inc. is a real estate, oil and gas, and other natural resources company based in Austin, Texas. The company owns directly or through ventures almost 120,000 acres of real estate located in ten states and 13 markets, approximately 590,000 acres of oil and gas mineral interests and approximately 358,000 net acres of leasehold oil and gas interests..OverviewThe company operates three business segments: Real Estate, Oil and Gas, and Other Natural Resources.The real estate segment secures entitlements and develops infrastructure on its lands, primarily for single-family residential and mixed-use communities, and develops multi-family apartments. Forestar actively invests in new projects principally in strategic growth corridors, which represent markets with significant growth characteristics for population, employment and household formation that make them attractive for long-term real estate investment.The real estate segment has 11 real estate projects representing approximately 24,400 acres currently in the entitlement process, and 73 projects entitled, developed, or under development in eight states and 13 markets. The company sells land for commercial uses to national retailers and local commercial developers. In addition, the company will sell its undeveloped land, principally in Georgia, when it has reached its highest and best use. The company markets land for sale on its web site, http://landforsale.forestargroup.com.The oil and gas segment is focused on driving exploration and production activity in high quality, lower risk conventional and unconventional oil and gas prospects on its fee and leasehold mineral interests. Leasehold interests include acreage in the prolific Bakken and Three Forks formations. Forestar also seeks to maximize the value from royalties and other lease revenues from its fee oil and gas mineral interests located in Texas, Louisiana, Alabama, and Georgia.

Type
Public
HQ
Austin, US
Founded
1955
Size (employees)
59 (est)
Forestar was founded in 1955 and is headquartered in Austin, US

Forestar Office Locations

Forestar has offices in Austin, Atlanta, Denver and Houston
Austin, US (HQ)
500 6300 Bee Cave Rd
Houston, US
1240 3355 W Alabama St
Denver, US
600 1801 Broadway
Atlanta, US
275 3330 Cumberland Blvd Se

Forestar Data and Metrics

Forestar Financial Metrics

Forestar's revenue was reported to be $197.3 m in FY, 2016 which is a 25% decrease from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

197.3 m

Revenue growth (FY, 2015 - FY, 2016), %

(25%)

Net income (FY, 2016)

60.2 m

EBIT (FY, 2016)

140.4 m

Market capitalization (26-May-2017)

590.2 m

Closing share price (26-May-2017)

14.2

Cash (31-Dec-2016)

265.8 m
Forestar's current market capitalization is $590.2 m.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

331 m306.8 m262.4 m197.3 m

Revenue growth, %

(7%)(14%)(25%)

Operating expense total

428 m223.7 m

EBIT

(164.7 m)140.4 m

EBIT margin, %

(63%)71%

Interest expense

34.1 m20 m

Income tax expense

(32.6 m)(15.3 m)

Net Income

35.1 m17.1 m(212.4 m)60.2 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

192.3 m170.1 m96.4 m265.8 m

Accounts Receivable

Inventories

PP&E

6.1 m11.6 m10.7 m3.1 m

Total Assets

1.2 b1.3 b980.5 m733.2 m

Accounts Payable

21.4 m20.4 m12 m4.8 m

Additional Paid-in Capital

556.7 m558.9 m561.9 m553 m

Retained Earnings

150.4 m167 m(46 m)12.6 m

Total Equity

715.4 m709.7 m504.1 m562.1 m

Financial Leverage

1.6 x1.8 x1.9 x1.3 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

35.1 m17.1 m(212.4 m)60.2 m

Depreciation and Amortization

30 m41.7 m45.1 m11.4 m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

88.8 m107.1 m35.1 m66.9 m

Cash From Investing Activities

(103.9 m)(129.7 m)(60.3 m)420.7 m

Cash From Financing Activities

197.1 m469 k(48.5 m)(318.3 m)

Interest Paid

13.8 m22.9 m27.3 m14.8 m

Income Taxes Paid

3.3 m(11.4 m)(4.1 m)10.2 m
Numbers are in $, USDY, 2016

Revenue/Employee

1.9 m

Financial Leverage

1.3 x

Forestar Market Value History

Forestar Online and Social Media Presence

Forestar News and Updates

Forestar Company Life and Culture

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