OverviewSuggest Edit

Forestar Group is a real estate, oil and gas, and other natural resources company operating 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. 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. 

TypePublic
Founded1955
HQArlington, US
Websiteforestar.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Sept 2019)78(+91%)
Revenue (FY, 2019)$428.3 M(+447%)
Share Price (Feb 2020)$21.8 (+3%)

Key People/Management at Forestar

Dan Bartok

Dan Bartok

CEO

Forestar Office Locations

Forestar has offices in Arlington, Atlanta, Dallas, Denver and in 1 other location
Arlington, US (HQ)
2221 E Lamar Blvd #790
Atlanta, US
3330 Cumberland Blvd SE #275
Dallas, US
Preston Rd
Denver, US
1801 Broadway #600
Houston, US
3355 W Alabama St #1240
Show all (5)

Forestar Financials and Metrics

Forestar Revenue

Forestar's revenue was reported to be $428.30 m in FY, 2019
USD

Revenue (Q1, 2020)

247.2m

Gross profit (Q1, 2020)

30.6m

Gross profit margin (Q1, 2020), %

12.4%

Net income (Q1, 2020)

16.9m

EBIT (Q1, 2020)

16.9m

Market capitalization (21-Feb-2020)

1.0b

Closing stock price (21-Feb-2020)

21.8

Cash (31-Dec-2019)

373.3m

EV

1.1b
Forestar's current market capitalization is $1 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

135.6m172.6m331.0m306.8m262.4m197.3m114.3m78.3m428.3m

Revenue growth, %

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

Cost of goods sold

362.7m

Gross profit

65.6m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

25.5m26.2m28.1m35.3m40.6m97.5m60.1m75.1m84.6m83.0m58.8m57.4m43.2m41.9m48.0m47.2m22.3m28.0m33.1m38.5m65.3m88.2m247.2m

Cost of goods sold

75.3m216.6m

Gross profit

12.9m30.6m

Gross profit Margin, %

15%12%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

18.3m10.4m192.3m170.1m96.4m265.8m321.8m318.8m382.8m

Accounts Receivable

23.3m33.6m39.3m24.6m23.7m7.0m6.3m2.7m

Inventories

PP&E

5.2m4.9m6.1m11.6m10.7m3.1m2.0m1.7m2.4m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

5.7m29.1m6.8m45.5m10.3m86.7m69.1m54.8m148.0m184.2m170.6m126.3m98.8m92.6m142.6m107.4m122.1m337.4m381.4m395.4m154.2m66.4m223.0m373.3m

Accounts Receivable

23.4m24.4m24.5m23.6m33.2m34.1m36.2m34.8m31.9m46.3m46.3m13.2m9.7m3.5m1.3m18.5m8.7m13.0m

PP&E

5.4m5.4m5.1m4.9m4.8m4.7m4.6m5.9m6.3m10.5m11.5m11.1m10.9m10.7m10.2m10.0m9.7m2.6m1.1m1.0m1.8m2.4m2.4m900.0k

Goodwill

6.0m64.1m63.4m66.7m66.6m66.6m67.4m63.4m55.9m43.5m43.5m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

7.2m12.9m35.1m17.1m(212.4m)60.2m52.3m70.0m36.3m

Depreciation and Amortization

9.8m18.9m30.0m41.7m45.1m11.4m5.5m3.9m7.0m

Inventories

(531.7m)

Accounts Payable

4.5m(2.5m)(1.6m)(4.7m)(11.9m)(16.7m)(7.2m)18.4m41.9m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

(6.4m)30.0m2.8m3.6m2.9m4.0m4.5m19.1m9.0m23.8m29.0m(8.2m)(42.6m)(206.9m)(4.3m)6.0m16.2m25.2m22.7m67.9m3.9m16.7m23.6m16.8m

Depreciation and Amortization

4.9m7.3m2.3m4.5m12.1m6.3m13.6m21.7m7.4m17.9m29.1m11.3m23.4m36.8m4.8m7.3m9.9m1.5m2.9m4.1m1.4m3.0m4.8m1.9m

Inventories

(195.2m)(353.5m)551.5m38.2m

Accounts Payable

3.9m10.0m(7.8m)(3.5m)452.0k(17.1m)(15.9m)(11.3m)(15.1m)(9.2m)(3.2m)(2.3m)(6.7m)(16.1m)(13.6m)(5.8m)(6.1m)(9.2m)3.1m12.6m30.2m3.4m
USDY, 2019

EV/EBIT

67.3 x

EV/CFO

-98.1 x

Financial Leverage

1.8 x
Show all financial metrics

Forestar Online and Social Media Presence

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Forestar News and Updates

Starwood and Land Strategies JV acquires real estate portfolio for $232 mln

Starwood Capital Group and Land Strategies Management have acquired a portfolio of residential and commercial real estate assets from Forestar Group for $232 million. The acquisition was made via a joint venture. The assets are located in markets that include Texas, Charlotte, Nashville, Raleigh and…

Forestar officially spurns Starwood Capital, agrees to sell to D.R. Horton for $560 million

The bidding war between Starwood Capital Group and D.R. Horton over which real estate giant would buy residential and mixed-use real estate developer Forestar Group is now over. And D.R. Horton won. After weeks of negotiating, D.R. Horton will buy 75% of the Forestar’s shares for a total purchase pr…

Forestar says D.R. Horton’s sweetened offer superior to Starwood bid: Reuters

Forestar Group Inc said on Friday top U.S. homebuilder D.R. Horton Inc had sweetened its offer to buy a 75 percent stake in the real estate developer, escalating a bidding war with investment firm Starwood Capital Group.

Forestar preparing to spurn Starwood Capital after D.R. Horton improves its offer

Thanks to a bidding war between two real estate giants, Forestar Group and its shareholders find themselves squarely in the catbird’s seat. As recently as one day ago, Forestar said that it still planned to sell itself to Starwood Capital Group for $15.50 per share despite D.R. Horton attempting to …

BRIEF-Forestar says unsolicited proposal from D.R. Horton constitutes “superior proposal”

* Forestar board of directors determines unsolicited proposal from d.r. Horton constitutes a “superior proposal”

Starwood Capital ups its offer for Forestar as battle with D.R. Horton intensifies

There’s a battle brewing between two real estate titans as Starwood Capital Group and D.R. Horton are both angling to acquire Forestar Group, a residential and mixed-use real estate developer. Starwood wants to buy the company for $14.25 per share, while D.R. Horton wants to buy 75% of the company f…

Forestar Frequently Asked Questions

  • When was Forestar founded?

    Forestar was founded in 1955.

  • Who are Forestar key executives?

    Forestar's key executives are Dan Bartok.

  • How many employees does Forestar have?

    Forestar has 78 employees.

  • What is Forestar revenue?

    Latest Forestar annual revenue is $428.3 m.

  • What is Forestar revenue per employee?

    Latest Forestar revenue per employee is $5.5 m.

  • Who are Forestar competitors?

    Competitors of Forestar include Chugach, Saipem and Matrix Service.

  • Where is Forestar headquarters?

    Forestar headquarters is located at 2221 E Lamar Blvd #790, Arlington.

  • Where are Forestar offices?

    Forestar has offices in Arlington, Atlanta, Dallas, Denver and in 1 other location.

  • How many offices does Forestar have?

    Forestar has 5 offices.