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.

Company Growth (employees)
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, Dallas, Denver and in 1 other location
Austin, US (HQ)
500 6300 Bee Cave Rd
Houston, US
1240 3355 W Alabama St
Denver, US
600 1801 Broadway
Dallas, US
Preston Rd
Atlanta, US
275 3330 Cumberland Blvd SE

Forestar Data and Metrics

Forestar Financial Metrics

Forestar's revenue was reported to be $22.3 m in Q1, 2017
USD

Revenue (Q1, 2017)

22.3 m

Net income (Q1, 2017)

25.2 m

EBIT (Q1, 2017)

36.2 m

Market capitalization (15-Sep-2017)

726.9 m

Cash (31-Mar-2017)

337.4 m
Forestar's current market capitalization is $726.9 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

331 m306.8 m262.4 m197.3 m

Revenue growth, %

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

General and administrative expense

21.6 m

Operating expense total

21.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

57.4 m43.2 m41.9 m48 m47.2 m22.3 m

General and administrative expense

4.9 m9.5 m6.5 m4.9 m5.2 m4.7 m

Operating expense total

4.9 m9.5 m6.5 m4.9 m5.2 m4.7 m

EBIT

(52.7 m)(94.8 m)596 k69.5 m6.3 m36.2 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

192.3 m170.1 m96.4 m265.8 m

Accounts Receivable

7 m

PP&E

6.1 m11.6 m10.7 m3.1 m

Total Assets

1.2 b1.3 b980.5 m733.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

184.2 m170.6 m126.3 m98.8 m92.6 m142.6 m107.4 m122.1 m337.4 m

Inventories

289.9 m

PP&E

10.5 m11.5 m11.1 m10.9 m10.7 m10.2 m10 m9.7 m2.6 m

Total Assets

1.2 b1.3 b1.2 b1.2 b1 b948.1 m681.8 m692.1 m763.6 m
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

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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

23.8 m29 m(8.2 m)(42.6 m)(206.9 m)(4.3 m)6 m16.2 m25.2 m

Depreciation and Amortization

17.9 m29.1 m11.3 m23.4 m36.8 m4.8 m7.3 m9.9 m1.5 m

Cash From Operating Activities

19 m36.4 m(18.8 m)(17.5 m)(15 m)5 m12.5 m29.8 m(2.4 m)

Cash From Investing Activities

(47.7 m)(82.9 m)(24.7 m)(52.4 m)(60.5 m)51.4 m309.5 m311.2 m74.7 m
USDY, 2017

Revenue/Employee

378.1 k

Financial Leverage

1.3 x
Show all financial metrics

Forestar Market Value History

Traffic Overview of Forestar

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Forestar Company Life and Culture

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