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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
Caleb Dismuke
1 min read

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:


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Caleb Dismuke

Enjoy writing, cooking, and brainstorming business ideas.