Forestar Group Inc (FOR) vs Belpointe PREP, LLC (OZ)

Forestar Group Inc and Belpointe PREP, LLC are both Real Estate Development companies. Forestar Group Inc is the larger, with a market value of $1.4B against $178.4M — 7.6× the size. Belpointe PREP, LLC has negative trailing earnings, so its P/E is not meaningful; Forestar Group Inc trades at 7.9×. Belpointe PREP, LLC grew revenue faster over the last twelve months: 164.2% against 11.8%. Forestar Group Inc has the higher net margin (9.87% vs −290.5%) and the higher return on invested capital (6.04% vs −5.01%). Across the 19 metrics below, Forestar Group Inc leads on 14 and Belpointe PREP, LLC on 5.

Valuation

Metric FOR OZ Real Estate Development median
P/E 7.94 n/m 7.17
P/S 0.79 11.49 1.63
P/B 0.73 0.67 0.70
Price to free cash flow 4.72 n/m 7.76
EV/EBITDA 7.93 n/m 11.00
EV/Sales 1.02 29.17 2.43
Earnings yield 12.59% (25.76%) 7.33%
Free cash flow yield 21.20% (31.80%) (1.59%)

Profitability

Metric FOR OZ Real Estate Development median
Gross margin 21.39% (21.25%) 29.60%
Operating margin 12.64% (277.35%) (2.67%)
Net margin 9.87% (290.46%) 3.36%
Free cash flow margin 16.66% (365.36%) (0.89%)
Return on equity 9.63% (15.92%) 0.56%
Return on assets 5.37% (7.81%) 1.11%
Return on invested capital 6.04% (5.01%) 0.00%

Growth

Metric FOR OZ Real Estate Development median
Revenue growth (TTM) 11.77% 164.23% 11.77%
EPS growth (last fiscal year) (17.75%) (63.41%) —
Revenue growth, 5-year CAGR 12.27% 146.47% 5.69%
Net income growth, 5-year CAGR 22.53% 0.00% 0.00%

Health

Metric FOR OZ Real Estate Development median
Debt to equity 0.43 1.08 0.37
Current ratio 1.44 1.45 0.63
Net debt to EBITDA 1.95 (8.65) 1.81

Dividend

Metric FOR OZ Real Estate Development median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric FOR OZ Real Estate Development median
Market cap 1.36b 178.40m 178.40m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack