Pultegroup Stock Fair Value Calculator – PulteGroup Reports Strong Second Quarter Earnings for FY2023
July 27, 2023
☀️Earnings Overview
On July 25th 2023, PULTEGROUP ($NYSE:PHM) released its second quarter results for fiscal year 2023, which ended on June 30th 2023. The company earned a total of USD 4188.8 million in revenue, a 6.7% increase from the previous year, and reported a net income of USD 720.3 million, a 10.4% year-over-year rise.
Stock Price
On Tuesday, PULTEGROUP reported strong second quarter earnings for FY2023, sending its stock soaring. The company opened the day at $77.8 and closed at $83.4, an increase of 6.2% from the prior closing price of 78.5. This marked PULTEGROUP’s highest ever closing price in its history and its highest intraday gain since April. The news of the strong second quarter earnings came as a pleasant surprise to investors, as the company had previously projected lower earnings due to the impact of the pandemic on the real estate market.
In addition to strong financial performance, PULTEGROUP was also praised for its strategic investments, including its acquisitions of two land developers and a homebuilding business. These acquisitions are expected to further boost the company’s market presence and expand its geographic reach. With strong financial performance and strategic investments in place, the company is well-positioned for continued success in the years ahead. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pultegroup. PulteGroup_Reports_Strong_Second_Quarter_Earnings_for_FY2023″>More…
| Total Revenues | Net Income | Net Margin |
| 16.96k | 2.75k | 16.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pultegroup. PulteGroup_Reports_Strong_Second_Quarter_Earnings_for_FY2023″>More…
| Operations | Investing | Financing |
| 2.02k | -102.6 | -868.43 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pultegroup. PulteGroup_Reports_Strong_Second_Quarter_Earnings_for_FY2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.23k | 5.52k | 44.14 |
Key Ratios Snapshot
Some of the financial key ratios for Pultegroup are shown below. PulteGroup_Reports_Strong_Second_Quarter_Earnings_for_FY2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.9% | 32.7% | 21.4% |
| FCF Margin | ROE | ROA |
| 11.3% | 23.9% | 14.9% |
Analysis – Pultegroup Stock Fair Value Calculator
At GoodWhale, we have conducted an analysis of PULTEGROUP‘s financials and have found that the fair value of PULTEGROUP share is around $69.1. This number was determined by our proprietary Valuation Line. However, currently PULTEGROUP stock is traded at $83.4, which means it is overvalued by 20.6%. More…
Peers
PulteGroup Inc is one of the largest homebuilders in the United States. The company’s competitors include D.R. Horton Inc, Lennar Corp, and Beazer Homes USA Inc.
– D.R. Horton Inc ($NYSE:DHI)
D.R. Horton Inc is a homebuilding company that operates in 84 markets across 26 states in the United States. The company is engaged in the construction and sale of single-family detached homes, townhomes, and condominiums. It also provides mortgage financing and title services for homebuyers through its subsidiaries. As of March 31, 2021, the company had a market capitalization of $26.2 billion and a return on equity of 25.97%.
D.R. Horton was founded in 1978 and is headquartered in Fort Worth, Texas. The company operates through its Homebuilding and Financial Services segments. The Homebuilding segment acquires and develops land, and constructs and sells homes in 27 states across the United States. The Financial Services segment provides mortgage financing, title insurance, and closing services for homebuyers in its homebuilding markets.
– Lennar Corp ($NYSE:LEN)
Lennar Corp is a leading homebuilder in the United States. The company has a market capitalization of $22.33 billion as of 2022 and a return on equity of 18.78%. Lennar Corp is engaged in the business of homebuilding, land development, and related activities through its subsidiaries. The company builds and sells a variety of homes, including single-family detached homes, townhomes, and condominiums. It also provides a range of homebuilding-related financial services, such as mortgage financing, title insurance, and home warranty services.
– Beazer Homes USA Inc ($NYSE:BZH)
Beazer Homes USA Inc is a homebuilding company that operates in the United States. The company is engaged in the design, construction, and sale of single-family homes. As of 2022, Beazer Homes USA Inc had a market capitalization of $345.59 million and a return on equity of 15.8%. The company’s primary business is the construction and sale of single-family homes. Beazer Homes USA Inc also engages in the construction of multi-family homes and the development of land for homebuilding.
Summary
PulteGroup reported impressive earnings results for its second quarter of FY2023, ending on June 30 2023. Total revenue increased by 6.7% on a year-over-year basis, amounting to USD 4188.8 million, while net income grew by 10.4% year-over-year, amounting to USD 720.3 million. The company’s stock price reacted positively to the results and moved up the same day.
When considering investing in PulteGroup, investors should look into the company’s financial performance, competitive edge, growth prospects, and industry outlook. Dividend yield, management quality and product portfolio should also be taken into consideration.
