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PulteGroup

DB:PU7
Snowflake Description

Proven track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PU7
DB
$11B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. The last earnings update was 28 days ago. More info.


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PU7 Share Price and Events
7 Day Returns
1.1%
DB:PU7
0.5%
DE Consumer Durables
-0.3%
DE Market
1 Year Returns
62.8%
DB:PU7
4%
DE Consumer Durables
10.4%
DE Market
PU7 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PulteGroup (PU7) 1.1% 3.5% 21.3% 62.8% 98.2% 104.2%
DE Consumer Durables 0.5% 5.1% 4.1% 4% -3% 13.6%
DE Market -0.3% 4.2% 12.4% 10.4% 13.9% 17.1%
1 Year Return vs Industry and Market
  • PU7 outperformed the Consumer Durables industry which returned 4% over the past year.
  • PU7 outperformed the Market in Germany which returned 10.4% over the past year.
Price Volatility
PU7
Industry
5yr Volatility vs Market
Related Companies

Value

 Is PulteGroup undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of PulteGroup to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for PulteGroup.

DB:PU7 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:PU7
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.812 (1 + (1- 21%) (28.87%))
0.998
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.998 * 5.96%)
6.18%

Discounted Cash Flow Calculation for DB:PU7 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PulteGroup is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:PU7 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.18%)
2020 828.16 Analyst x2 779.99
2021 763.22 Est @ -7.84% 677.02
2022 721.85 Est @ -5.42% 603.08
2023 694.95 Est @ -3.73% 546.84
2024 677.30 Est @ -2.54% 501.95
2025 665.72 Est @ -1.71% 464.68
2026 658.21 Est @ -1.13% 432.71
2027 653.46 Est @ -0.72% 404.60
2028 650.61 Est @ -0.44% 379.41
2029 649.07 Est @ -0.24% 356.49
Present value of next 10 years cash flows $5,146.00
DB:PU7 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $649.07 × (1 + 0.23%) ÷ (6.18% – 0.23%)
$10,938.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $10,938.36 ÷ (1 + 6.18%)10
$6,007.77
DB:PU7 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $5,146.00 + $6,007.77
$11,153.77
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $11,153.77 / 271.00
$41.16
DB:PU7 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PU7 represents 0.90149x of NYSE:PHM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90149x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 41.16 x 0.90149
€37.10
Value per share (EUR) From above. €37.10
Current discount Discount to share price of €35.60
= -1 x (€35.60 - €37.10) / €37.10
4.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price PulteGroup is available for.
Intrinsic value
4%
Share price is €35.6 vs Future cash flow value of €37.1
Current Discount Checks
For PulteGroup to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PulteGroup's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • PulteGroup's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PulteGroup's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PulteGroup's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PU7 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $3.29
NYSE:PHM Share Price ** NYSE (2019-11-19) in USD $39.49
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 16.53x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PulteGroup.

DB:PU7 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:PHM Share Price ÷ EPS (both in USD)

= 39.49 ÷ 3.29

12.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PulteGroup is good value based on earnings compared to the DE Consumer Durables industry average.
  • PulteGroup is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does PulteGroup's expected growth come at a high price?
Raw Data
DB:PU7 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
5.9%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 1x
Germany Market PEG Ratio Median Figure of 258 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

DB:PU7 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.01x ÷ 5.9%

2.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PulteGroup is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on PulteGroup's assets?
Raw Data
DB:PU7 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $19.12
NYSE:PHM Share Price * NYSE (2019-11-19) in USD $39.49
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.88x
DB:PU7 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:PHM Share Price ÷ Book Value per Share (both in USD)

= 39.49 ÷ 19.12

2.07x

* Primary Listing of PulteGroup.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PulteGroup is overvalued based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess PulteGroup's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. PulteGroup has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is PulteGroup expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PulteGroup expected to grow at an attractive rate?
  • PulteGroup's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • PulteGroup's earnings growth is positive but not above the Germany market average.
  • PulteGroup's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PU7 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PU7 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 5.9%
DB:PU7 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 6.8%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 14%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:PU7 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PU7 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 11,593 859 1,079 2
2020-12-31 10,945 838 1,044 11
2019-12-31 10,150 1,119 980 11
2019-11-19
DB:PU7 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 10,195 1,018 909
2019-06-30 10,134 1,208 923
2019-03-31 10,215 1,440 1,007
2018-12-31 10,188 1,450 1,011
2018-09-30 9,984 1,426 852
2018-06-30 9,466 1,034 742
2018-03-31 8,918 792 523
2017-12-31 8,578 663 443
2017-09-30 8,276 627 637
2017-06-30 8,088 565 589
2017-03-31 7,866 171 606
2016-12-31 7,677 68 598

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PulteGroup's earnings are expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
  • PulteGroup's revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:PU7 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from PulteGroup Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PU7 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4.04 4.16 3.85 3.00
2020-12-31 3.93 4.20 3.56 16.00
2019-12-31 3.55 3.61 3.48 16.00
2019-11-19
DB:PU7 Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 3.29
2019-06-30 3.31
2019-03-31 3.58
2018-12-31 3.56
2018-09-30 2.97
2018-06-30 2.55
2018-03-31 1.76
2017-12-31 1.45
2017-09-30 2.03
2017-06-30 1.82
2017-03-31 1.82
2016-12-31 1.76

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • PulteGroup is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess PulteGroup's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PulteGroup has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has PulteGroup performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PulteGroup's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • PulteGroup's year on year earnings growth rate has been positive over the past 5 years.
  • PulteGroup's 1-year earnings growth is less than its 5-year average (6.6% vs 16.2%)
  • PulteGroup's earnings growth has exceeded the DE Consumer Durables industry average in the past year (6.6% vs -18.6%).
Earnings and Revenue History
PulteGroup's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PulteGroup Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PU7 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 10,195.19 909.00 1,075.11
2019-06-30 10,134.20 922.77 1,057.24
2019-03-31 10,214.93 1,007.04 1,023.86
2018-12-31 10,188.33 1,010.83 1,012.02
2018-09-30 9,984.07 852.33 921.31
2018-06-30 9,465.76 741.68 906.05
2018-03-31 8,917.90 523.21 896.21
2017-12-31 8,577.69 442.65 891.58
2017-09-30 8,275.88 637.12 887.59
2017-06-30 8,087.72 588.89 901.01
2017-03-31 7,865.78 605.97 941.07
2016-12-31 7,676.53 597.98 947.12
2016-09-30 7,237.03 553.48 1,091.44
2016-06-30 6,800.87 533.04 1,005.59
2016-03-31 6,281.24 518.88 906.33
2015-12-31 5,981.96 490.89 823.50
2015-09-30 5,742.89 479.93 628.90
2015-06-30 5,830.87 512.47 609.59
2015-03-31 5,836.77 451.40 676.64
2014-12-31 5,822.36 471.09 853.79
2014-09-30 5,655.14 473.74 662.81
2014-06-30 5,642.50 2,599.86 655.43
2014-03-31 5,635.73 2,593.05 568.76
2013-12-31 5,679.60 2,600.51 553.50
2013-09-30 5,591.22 2,441.01 547.16
2013-06-30 5,311.74 291.91 533.98
2013-03-31 5,101.72 299.57 520.77
2012-12-31 4,820.00 206.15 514.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • PulteGroup has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PulteGroup used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • PulteGroup has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PulteGroup's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PulteGroup has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is PulteGroup's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up PulteGroup's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PulteGroup is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PulteGroup's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of PulteGroup's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PulteGroup Company Filings, last reported 1 month ago.

DB:PU7 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 5,181.59 2,994.26 748.42
2019-06-30 5,069.81 2,975.28 642.71
2019-03-31 4,933.44 3,247.46 1,067.09
2018-12-31 4,817.78 3,432.13 1,110.09
2018-09-30 4,728.88 3,257.75 739.17
2018-06-30 4,526.71 3,270.55 379.23
2018-03-31 4,274.66 3,335.53 162.27
2017-12-31 4,154.03 3,518.92 278.67
2017-09-30 4,345.09 3,464.83 168.67
2017-06-30 4,444.00 3,294.19 218.16
2017-03-31 4,660.15 3,271.01 410.40
2016-12-31 4,659.36 3,561.97 708.08
2016-09-30 4,672.03 3,290.34 445.35
2016-06-30 4,818.12 2,810.32 240.78
2016-03-31 4,773.53 3,222.58 1,004.73
2015-12-31 4,759.33 2,438.89 760.02
2015-09-30 4,571.61 2,264.80 745.28
2015-06-30 4,606.26 1,766.67 466.11
2015-03-31 4,741.99 1,949.24 1,060.48
2014-12-31 4,804.95 2,014.33 1,297.18
2014-09-30 4,710.41 1,931.53 1,228.12
2014-06-30 4,638.04 1,911.45 1,178.70
2014-03-31 4,664.06 1,876.90 1,272.64
2013-12-31 4,648.95 2,207.75 1,583.96
2013-09-30 4,491.69 2,209.59 1,362.23
2013-06-30 2,328.22 2,181.79 1,218.98
2013-03-31 2,275.52 2,603.25 1,600.00
2012-12-31 2,189.62 2,690.57 1,410.81
  • PulteGroup's level of debt (57.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (41% vs 57.4% today).
  • Debt is well covered by operating cash flow (34.2%, greater than 20% of total debt).
  • PulteGroup earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess PulteGroup's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PulteGroup has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is PulteGroup's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.11%
Current annual income from PulteGroup dividends. Estimated to be 1.15% next year.
If you bought €2,000 of PulteGroup shares you are expected to receive €22 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • PulteGroup's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.35%).
  • PulteGroup's dividend is below the markets top 25% of dividend payers in Germany (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:PU7 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:PU7 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 0.47 6.00
2019-12-31 0.44 6.00
2019-11-19
DB:PU7 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-09-05 0.440 1.182
2019-05-09 0.440 1.364
2019-02-06 0.440 1.551
2018-12-06 0.440 1.649
2018-09-05 0.360 1.447
2018-05-10 0.360 1.221
2018-02-08 0.360 1.216
2017-12-01 0.360 1.081
2017-09-07 0.360 1.254
2017-05-03 0.360 1.489
2017-02-10 0.360 1.572
2016-12-09 0.360 1.837
2016-09-08 0.360 1.872
2016-05-05 0.360 1.813
2016-02-11 0.360 2.008
2015-12-02 0.360 2.118
2015-09-09 0.320 1.668
2015-05-06 0.320 1.596
2015-02-12 0.320 1.479
2014-10-23 0.320 1.528
2014-09-10 0.200 1.096
2014-05-07 0.200 1.046
2014-02-05 0.200 1.032
2013-12-03 0.200 1.042
2013-09-11 0.200 1.165
2013-07-24 0.200 1.246
2011-02-04 0.000 0.000
2010-11-05 0.000 0.000
2010-11-03 0.000 0.000
2010-08-05 0.000 0.000
2010-08-04 0.000 0.000
2010-05-06 0.000 0.000
2010-05-05 0.000 0.000
2010-02-19 0.000 0.000
2010-02-16 0.000 0.000
2010-02-09 0.000 0.000
2009-11-06 0.000 0.000
2009-11-04 0.000 0.000
2009-08-07 0.000 0.000
2009-08-03 0.000 0.000
2008-11-24 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, PulteGroup has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but PulteGroup only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of PulteGroup's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess PulteGroup's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PulteGroup afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PulteGroup has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of PulteGroup's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ryan Marshall
COMPENSATION $9,793,261
AGE 44
TENURE AS CEO 3.2 years
CEO Bio

Mr. Ryan R. Marshall has been the Chief Executive Officer of PulteGroup, Inc. since September 8, 2016 and its President since February 15, 2016. Mr. Marshall is responsible for PulteGroup's homebuilding operations and its marketing and strategy departments with P&L responsibility for approximately 90%. During his 15 year career, he has overseen various financial and operating functions including financial reporting, land acquisition and strategic market risk and opportunity analysis. He served as an Executive Vice President of Homebuilding Operations at PulteGroup, Inc. from May 24, 2014 to February 15, 2016. Mr. Marshall served as an Area President of Southeast at PulteGroup, Inc. from November 2012 to April 24, 2014 and served as its Area Vice President of Finance. He served as an Area President of Florida since May 2012 and Division President of south Florida & Orlando at PulteGroup, Inc. since 2006. For more than 13 years, he has overseen various financial and operating functions within PulteGroup, with responsibilities that included financial reporting, land acquisition and strategic market risk and opportunity analysis. He has been a Director of PulteGroup, Inc. since September 8, 2016. Mr. Marshall is a Certified Public Accountant and received a Bachelor of Arts in accounting from the University of Utah and a Master of Business Administration from Arizona State University.

CEO Compensation
  • Ryan's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Ryan's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the PulteGroup management team in years:

2.7
Average Tenure
50
Average Age
  • The tenure for the PulteGroup management team is about average.
Management Team

Ryan Marshall

TITLE
President
COMPENSATION
$10M
AGE
44
TENURE
3.2 yrs

Bob O’Shaughnessy

TITLE
Executive VP & CFO
COMPENSATION
$5M
AGE
53
TENURE
8.5 yrs

Todd Sheldon

TITLE
Executive VP
COMPENSATION
$2M
AGE
51
TENURE
2.7 yrs

Steve Schlageter

TITLE
Senior Vice President of Operations & Strategy
COMPENSATION
$2M
AGE
48
TENURE
2.2 yrs

John Chadwick

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
57
TENURE
0.6 yrs

Joseph Drouin

TITLE
VP & Chief Information Officer

Jim Zeumer

TITLE
Vice President of Investor Relations & Corporate Communications

Manish Shrivastava

TITLE
VP & Chief Marketing Officer
AGE
49
TENURE
5.2 yrs

Michelle Hairston

TITLE
Senior Vice President of Human Resources
AGE
42
TENURE
1.6 yrs

Peter Keane

TITLE
President of Florida Area
COMPENSATION
$3M
AGE
53
Board of Directors Tenure

Average tenure and age of the PulteGroup board of directors in years:

3.6
Average Tenure
58.5
Average Age
  • The tenure for the PulteGroup board of directors is about average.
Board of Directors

Bryce Blair

TITLE
Non-Executive Chairman
COMPENSATION
$310K
AGE
60
TENURE
2.5 yrs

Ryan Marshall

TITLE
President
COMPENSATION
$10M
AGE
44
TENURE
3.2 yrs

Cheryl Grisé

TITLE
Independent Director
COMPENSATION
$260K
AGE
66
TENURE
11.5 yrs

André Hawaux

TITLE
Independent Director
COMPENSATION
$235K
AGE
58
TENURE
6.5 yrs

John Peshkin

TITLE
Independent Director
COMPENSATION
$262K
AGE
58
TENURE
3.3 yrs

Scott Powers

TITLE
Independent Director
COMPENSATION
$251K
AGE
59
TENURE
3.3 yrs

Brian Anderson

TITLE
Independent Director
COMPENSATION
$260K
AGE
68
TENURE
14.2 yrs

Tom Folliard

TITLE
Independent Director
COMPENSATION
$235K
AGE
56
TENURE
7.8 yrs

Rick Dreiling

TITLE
Independent Director
COMPENSATION
$238K
AGE
66
TENURE
3.9 yrs

Bill Pulte

TITLE
Independent Director
COMPENSATION
$235K
AGE
31
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • PulteGroup individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Oct 19 Sell James Ossowski Individual 24. Oct 19 24. Oct 19 -10,000 €36.00 €-359,993
26. Aug 19 Sell Estate Of William J. Pulte Company 22. Jul 19 23. Aug 19 -2,358,459 €30.54 €-70,280,478
13. Jul 19 Sell Brian Anderson Individual 12. Jul 19 12. Jul 19 -21,191 €29.54 €-621,686
01. May 19 Sell Robert O’Shaughnessy Individual 26. Apr 19 30. Apr 19 -95,738 €28.13 €-2,685,109
30. Apr 19 Sell James Ossowski Individual 25. Apr 19 25. Apr 19 -10,000 €28.00 €-280,024
23. Jan 19 Sell Estate Of William J. Pulte Company 26. Nov 18 17. Jan 19 -1,330,400 €25.52 €-32,384,520
23. Jan 19 Sell Karen Pulte Individual 21. Nov 18 21. Nov 18 -134,606 €22.51 €-3,030,185
23. Jan 19 Buy Karen Pulte Individual 21. Nov 18 21. Nov 18 100,000 €22.54 €2,253,784
X
Management checks
We assess PulteGroup's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PulteGroup has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names. As of December 31, 2018, the company controlled 89,530 owned lots and 60,047 lots under land option agreements. It also arranges financing through the origination of mortgage loans primarily for homebuyers; sells the servicing rights for the originated loans; and provides title insurance policies, and examination and closing services to homebuyers. The company was formerly known as Pulte Homes, Inc. and changed its name to PulteGroup, Inc. in March 2010. PulteGroup, Inc. was founded in 1950 and is headquartered in Atlanta, Georgia.

Details
Name: PulteGroup, Inc.
PU7
Exchange: DB
Founded: 1950
$9,651,940,875
270,999,901
Website: http://www.pultegroupinc.com
Address: PulteGroup, Inc.
3350 Peachtree Road NE,
Suite 150,
Atlanta,
Georgia, 30326,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE PHM Common Stock New York Stock Exchange US USD 07. Feb 1972
DB PU7 Common Stock Deutsche Boerse AG DE EUR 07. Feb 1972
LSE 0KS6 Common Stock London Stock Exchange GB USD 07. Feb 1972
BMV PHM * Common Stock Bolsa Mexicana de Valores MX MXN 07. Feb 1972
Number of employees
Current staff
Staff numbers
5,086
PulteGroup employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 20:49
End of day share price update: 2019/11/19 00:00
Last estimates confirmation: 2019/11/12
Last earnings filing: 2019/10/22
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.