You've successfully subscribed to Pure Alpha
Great! Next, complete checkout for full access to Pure Alpha
Welcome back! You've successfully signed in.
Success! Your account is fully activated, you now have access to all content.
Success! Your billing info is updated.
Billing info update failed.

This Homebuilder is Trading at Levels not Seen Since 2005

Pulte Group is close to recouping its losses from the great financial crisis.

Caleb Dismuke

Last updated: 8/25/2020.


Pulte Group ($PHI) has recouped all its losses from the March, COVID induced sell-off, and is up 22% YTD, vs. 8% for the S&P 500.

What they do:

Pulte Group is the nation’s third-largest homebuilder with a presence in 23 states and 42 major markets.

They operate under six brands:

Pulte Group Brands
Centex Entry level/1st time
American West Move-up
Pulte Homes Move-up + Luxury
John Wieland Homes
and Neighborhoods
Luxury
DiVosta Baby boomers
Del Webb Baby boomers

What's its chart telling us?

  • Price is testing a high print last seen on July 2005.
  • For further upside, look for sustained price action above $48.23.

KEY FACTS
Ticker $PHM
Headquarters Atlanta, GA
# of Employees 5,086 (as of 2018)
Market Cap. $12.6 billion
TTM Revenue $10.6 billion
Date Founded 1956
IPO Date 1972
Short Interest 2.4%
52-Week Range $17-$47

KEY FINANCIALS TTM, $ in millions
Revenue $10,616
Gross Margin 24.2%
EBITDA $1,635
EBITDA Margin 15.4%
Net Income $1,161
Net Income Margin 10.9%
Free Cash Flow $1,187
Free Cash Flow Margin 11.1%

RETURNS TTM
Return on Assets 9.4%
Return on Invested Capital (ROIC) 11.5%
Return on Equity 21.3%

VALUATION METRICS TTM
Forward Price/Revenues 1.1x
Trailing Price/Revenues 1.2x
Forward Price/Earnings 10.6x
Trailing Price/Earnings 11.1x

Additional information: