0.10 | 0.45%
PULTEGROUP INC's gross profit margin for the first quarter of its fiscal year 2013 has significantly increased when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the industry when comparing revenue growth, but not when comparing net income growth.
During the same period, stockholders' equity ("net worth") has increased by 17.97% from the same quarter last year.
| Income Statement | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Net Sales ($mil) | 1162.76 | 881.04 |
| EBITDA ($mil) | 90.78 | -3.89 |
| EBIT ($mil) | 83.44 | -11.28 |
| Net Income ($mil) | 81.76 | -11.67 |
| Balance Sheet | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Cash & Equiv. ($mil) | 1659.5 | 1301.6 |
| Total Assets ($mil) | 6741.14 | 6859.44 |
| Total Debt ($mil) | 2568.36 | 3090.95 |
| Equity ($mil) | 2275.52 | 1928.83 |
| Profitability | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Gross Profit Margin | 18.96 | 13.53 |
| EBITDA Margin | 7.8 | -0.44 |
| Operating Margin | 7.18 | -1.28 |
| Sales Turnover | 0.76 | 0.61 |
| Return on Assets | 4.44 | -2.66 |
| Return on Equity | 13.16 | -9.46 |
| Debt | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Current Ratio | 0.0 | 0.0 |
| Debt/Capital | 0.53 | 0.62 |
| Interest Expense | 42.66 | 51.32 |
| Interest Coverage | 1.96 | -0.22 |
| Share Data | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Shares outstanding (mil) | 387.51 | 383.65 |
| Div / share | 0.0 | 0.0 |
| EPS | 0.21 | -0.03 |
| Book value / share | 5.87 | 5.03 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 9447894.0 | 9849600.0 |
BUY. This stock's P/E ratio indicates a premium compared to an average of 27.99 for the Household Durables industry and a significant premium compared to the S&P 500 average of 19.08. For additional comparison, its price-to-book ratio of 3.98 indicates a significant premium versus the S&P 500 average of 2.44 and a discount versus the industry average of 4.57. The current price-to-sales ratio is above both the S&P 500 average and the industry average, indicating a premium. The valuation analysis reveals that, PULTEGROUP INC seems to be trading at a premium to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PHM 30.32 | Peers 27.99 | PHM 9.87 | Peers 13.25 | |||||||||||||||||||||
|
Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation. PHM is trading at a valuation on par with its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. PHM is trading at a significant discount to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| PHM 15.06 | Peers 21.70 | PHM 0.19 | Peers 0.79 | |||||||||||||||||||||
|
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. PHM is trading at a discount to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. PHM trades at a significant discount to its peers. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| PHM 3.98 | Peers 4.57 | PHM 260.41 | Peers 419.16 | |||||||||||||||||||||
|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. PHM is trading at a discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, PHM is expected to significantly trail its peers on the basis of its earnings growth rate. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| PHM 1.77 | Peers 1.35 | PHM 21.10 | Peers 13.08 | |||||||||||||||||||||
|
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. PHM is trading at a significant premium to its industry. |
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share. PHM has a sales growth rate that significantly exceeds its peers. |
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