Forestar Historical Financial Ratios
| FOR Stock | USD 30.77 1.71 5.88% |
Forestar is recently reporting on over 111 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 1.53 or Days Sales Outstanding of 43.23 will help investors to properly organize and evaluate Forestar Group financial condition quickly.
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About Forestar Financial Ratios Analysis
Forestar GroupFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Forestar investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Forestar financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Forestar history.
Forestar Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Forestar Group stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Forestar sales, a figure that is much harder to manipulate than other Forestar Group multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Forestar Group dividend as a percentage of Forestar stock price. Forestar Group dividend yield is a measure of Forestar stock productivity, which can be interpreted as interest rate earned on an Forestar investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.Payout Ratio
Payout Ratio is the proportion of Forestar Group earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Forestar Group dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Forestar Group is paying out more in dividends than it makes in net income.Most ratios from Forestar's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Forestar Group current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forestar Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. At this time, Forestar's Inventory Turnover is relatively stable compared to the past year. As of 11/26/2024, Payables Turnover is likely to grow to 46.09, though Free Cash Flow Yield is likely to grow to (0.02).
| 2020 | 2021 | 2023 (projected) | Days Sales Outstanding | 0.3 | 2.74 | 9.02 | PTB Ratio | 0.9 | 0.47 | 1.02 |
Forestar fundamentals Correlations
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Forestar Account Relationship Matchups
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Forestar fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 1.79 | 0.91 | 0.69 | 0.37 | 0.94 | 1.08 | |
| Ptb Ratio | 1.53 | 0.95 | 0.98 | 0.9 | 0.47 | 1.02 | |
| Book Value Per Share | 19.27 | 18.15 | 20.77 | 24.07 | 27.41 | 31.65 | |
| Free Cash Flow Yield | (0.51) | (0.2) | (0.33) | 0.19 | 0.27 | (0.0971) | |
| Operating Cash Flow Per Share | (9.32) | (3.51) | (6.2) | 2.18 | 7.28 | (3.14) | |
| Stock Based Compensation To Revenue | 0.003035 | 0.002146 | 0.001961 | 0.002172 | 0.002993 | 0.003511 | |
| Pb Ratio | 1.53 | 0.95 | 0.98 | 0.9 | 0.47 | 1.02 | |
| Ev To Sales | 1.97 | 1.18 | 1.1 | 0.66 | 0.99 | 1.23 | |
| Free Cash Flow Per Share | (9.34) | (3.52) | (6.23) | 2.11 | 7.26 | (3.14) | |
| Roic | 0.023 | 0.0378 | 0.0705 | 0.0917 | 0.0747 | 0.0788 | |
| Inventory Turnover | (42.67) | (78.24) | (40.77) | (29.66) | 51.1 | 53.65 | |
| Net Income Per Share | 0.79 | 1.27 | 2.25 | 3.59 | 3.34 | 4.04 | |
| Days Of Inventory On Hand | (8.55) | (4.67) | (8.95) | (12.31) | 0.0 | 7.8 | |
| Payables Turnover | 21.59 | 27.87 | 23.14 | 16.55 | 16.56 | 13.39 | |
| Capex To Revenue | 0.002101 | 6.44E-4 | 0.001207 | 0.002304 | 9.05E-4 | 0.0204 | |
| Cash Per Share | 9.12 | 8.21 | 3.14 | 5.32 | 12.32 | 9.55 | |
| Pocfratio | (1.96) | (5.05) | (3.01) | 5.13 | 3.7 | (10.3) | |
| Interest Coverage | 4.66 | 6.67 | 14.78 | 230.4 | 4.19 | 3.98 | |
| Capex To Operating Cash Flow | (0.002301) | (0.003563) | (0.005279) | 0.0322 | 0.00357 | (0.14) | |
| Pfcf Ratio | (1.96) | (5.03) | (2.99) | 5.3 | 3.71 | (10.3) | |
| Days Payables Outstanding | 16.91 | 13.1 | 15.78 | 22.05 | 22.04 | 27.26 | |
| Income Quality | (10.78) | (2.73) | (2.74) | 0.61 | 2.18 | (0.78) | |
| Roe | 0.0408 | 0.0698 | 0.11 | 0.15 | 0.12 | 0.13 | |
| Ev To Operating Cash Flow | (2.16) | (6.51) | (4.82) | 9.19 | 3.92 | (11.72) | |
| Pe Ratio | 23.25 | 13.98 | 8.27 | 3.12 | 8.07 | 8.02 | |
| Return On Tangible Assets | 0.0773 | 0.0175 | 0.0262 | 0.0382 | 0.0338 | 0.0716 | |
| Ev To Free Cash Flow | (2.16) | (6.49) | (4.8) | 9.49 | 3.93 | (11.72) | |
| Current Ratio | 4.0 | 3.26 | 0.74 | 1.0 | 2.64 | 1.06 | |
| Tangible Book Value Per Share | (5.24) | 54.37 | 63.75 | 71.1 | 76.83 | 31.65 | |
| Graham Number | 18.46 | 22.72 | 32.44 | 44.07 | 45.36 | 53.59 | |
| Shareholders Equity Per Share | 19.26 | 18.13 | 20.75 | 24.05 | 27.39 | 31.63 | |
| Capex Per Share | 0.0214 | 0.0125 | 0.0327 | 0.0703 | 0.026 | 0.0553 |
Pair Trading with Forestar
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Forestar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Forestar will appreciate offsetting losses from the drop in the long position's value.Moving together with Forestar Stock
Moving against Forestar Stock
The ability to find closely correlated positions to Forestar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Forestar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Forestar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Forestar Group to buy it.
The correlation of Forestar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Forestar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Forestar Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Forestar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Forestar Stock Analysis
When running Forestar's price analysis, check to measure Forestar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Forestar is operating at the current time. Most of Forestar's value examination focuses on studying past and present price action to predict the probability of Forestar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forestar's price. Additionally, you may evaluate how the addition of Forestar to your portfolios can decrease your overall portfolio volatility.