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Why NYSE:FOR qualifies as a CANSLIM stock.

By Mill Chart

Last update: Jan 25, 2024

In this article we will dive into FORESTAR GROUP INC (NYSE:FOR) as a possible candidate for growth investing. Investors should always do their own research, but we noticed FORESTAR GROUP INC showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Some of the canslim metrics of NYSE:FOR highlighted

  • With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), FORESTAR GROUP INC highlights its ability to generate increasing profitability, showcasing a 42.16% growth.
  • The recent q2q revenue growth of 44.15% of FORESTAR GROUP INC showcases the company's ability to generate increasing revenue in a short period, reflecting its positive growth trajectory.
  • FORESTAR GROUP INC has achieved 40.28% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
  • The Return on Equity (ROE) of FORESTAR GROUP INC stands at 12.19%, reflecting the company's strong profitability and effective utilization of shareholder equity. This metric signifies the company's ability to generate returns for its investors.
  • FORESTAR GROUP INC has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 96.78 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning. FORESTAR GROUP INC is well-positioned for potential price growth opportunities.
  • FORESTAR GROUP INC exhibits a favorable Debt-to-Equity ratio at 0.51. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
  • The ownership composition of FORESTAR GROUP INC reflects a balanced investor ecosystem, with institutional shareholders owning 35.73%. This indicates a broader market participation and potential for increased trading liquidity.

Analyzing the Technical Aspects

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

Overall FOR gets a technical rating of 8 out of 10. In the last year, FOR was one of the better performers, but we do observe some doubts in the very recent evolution.

  • The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
  • Looking at the yearly performance, FOR did better than 96% of all other stocks. We also observe that the gains produced by FOR over the past year are nicely spread over this period.
  • FOR is part of the Real Estate Management & Development industry. There are 68 other stocks in this industry. FOR outperforms 97% of them.
  • FOR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FOR is lagging the market slightly.
  • Volume is considerably higher in the last couple of days.

Our latest full technical report of FOR contains the most current technical analsysis.

A complete fundamental analysis of NYSE:FOR

ChartMill employs a sophisticated system to assign a Fundamental Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple fundamental indicators and properties.

Overall FOR gets a fundamental rating of 6 out of 10. We evaluated FOR against 68 industry peers in the Real Estate Management & Development industry. While FOR belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. FOR is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings could make FOR a good candidate for value investing.

Check the latest full fundamental report of FOR for a complete fundamental analysis.

Our CANSLIM screen will find you more ideas suited for growth investing.


This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.