NYSE:PHM
$10.89
(2/9 2:51PM)
-2.2%
| Open | $11.07 |
Mkt Cap | $4.2 Billion |
| High | $11.5 |
52Wk High | $13.59 |
| Low | $10.63 |
52Wk Low | $7.71 |
| Volume | 12.9 Million |
Avg Vol 10D | 9.4 Million |
Ockham's Rating/Recommendation Summary
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PHM Revenue
For a long time, value investors have used the current share price relative to sales per share levels as an important valuation tool. We utilize a historical weighted average methodology that treats recent years more importantly in the calculation. When looking at PHM through this framework, we can see that our weighted average historical high and low Price to Sales per share ratios over the last 10 years are 0.87x and 0.37x respectively.
Utilizing this range we can see that PHM’s current Price to Sales per share ratio of 1.03x is significantly above its historical average. This places PHM at the upper end of its historical range relative to sales per share and makes it difficult to suggest an attractive price outlook. At current sales per share levels, we would need to see a decline in the Price to Sales ratio of 66% merely to return PHM to its historical average.
PHM Cash Earnings
PHM is not forecasted to produce positive Cash Earnings this year, based on recent performance. This is not a positive situation, as we would always prefer that a company is producing cash every year. However, it is important to recognize that not all companies or types of companies have the goal of producing positive Cash Earnings either early in their business cycle or following significant turnaround changes. When looking at PHM, we hesitate to be overly negative on the company, but it is of concern that the company is not profitable at this time.
Let's face it, companies cannot remain unprofitable for very long before a change has to be made. This could mean further restructuring or corporate event such as selling assets or spinning off divisions, at any rate a company with negative cash flows is not one that often makes a great investment unless you can acquire it at an extremely depressed price.
PHM Dividends
A positive Ockham rating does not require a company to pay out an inviting dividend or a dividend at all. However, we believe dividends provide a useful measure of a company's inherent expectations.
Holding PHM Stock? See What Is Being Discussed on WSJ Marketbeat
Staying informed on the news is invaluable for investors, and RazorWire has captured a recently discussion on PHM from WSJ Marketbeat.
Interestingly, overall sentiment looks bearish according to the Motley Fool's CAPS survey, as most of their users see Pulte Homes underperforming. When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Pulte Homes has actually sunk a bit in comparison to the others. As of this week's report, we have an Overvalued valuation on PHM because the price has gotten too high to be justified by the fundamentals.
“… Other big names reporting Tuesday are the Mouse, NYSE Euronext and PULTE HOMES. Nothing in economics is expected to get the markets overly excited. …”
PHM Back in the News on Closing Bell
There has not been much to report from PHM in the last few weeks at least, but Closing Bell talked about the stock recently.
While bearish sentiment on a stock is not always a bad thing, it is something you need to be aware of. The Motley Fool survey of crowd sentiment shows that many investors believe this stock will underperform. We noticed recently that in comparison to all other stocks we analyze in the news; PHM has received less coverage from the financial media in business television and blogs. At the current price, value investors will want to look elsewhere for a buying opportunity as this stock has heated up and is currently Overvalued.
“… Ryland, PULTE HOMES and toll brothers. Disappointing home sales for december but absolute home numbers for sale continue to drop and some bulls kept pointing that out as a ... …”
Countdown to the Closing Bell Mentioned Sentiment on Pulte Homes Recently
Sentiment and investors' opinions on PHM were covered on Countdown to the Closing Bell recently and RazorWire has captured the news segment.
The Ockham valuation currently has a Fairly Valued stance on PHM because it trades within the price range that we would expect given current market conditions and fundamentals. Interestingly, overall sentiment looks bearish according to the Motley Fool's CAPS survey, as most of their users see Pulte Homes underperforming. When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Pulte Homes has actually sunk a bit in comparison to the others. Take notice of the news on this stock because it is up $0.65 since the close of trading yesterday.
“… For the names, kb homes, roaring ahead yesterday and PULTE HOMES to up side. Lennar, hovnanian and dr horton losing a teeny bit. Not a big percentage clipped from the stock. …”
Fox Business Has News on PHM
The latest news from Fox Business on PHM is available through Ockham's news analytics platform RazorWire.
Interestingly, overall sentiment looks bearish according to the Motley Fool's CAPS survey, as most of their users see Pulte Homes underperforming. Take notice of the news on this stock because it is up $0.51 since the close of trading yesterday. In comparison to the other stocks that we follow, Pulte Homes has seen more discussion in relation to its normal ranking among the group. Be aware that the news sources we track are focusing on this stock more often these days. The Ockham valuation currently has a Fairly Valued stance on PHM because it trades within the price range that we would expect given current market conditions and fundamentals.
“… PULTE HOMES up $9. 89. Gold trending higher on -- basically down almost a pipe. Now, call it cash for cloture. We're talking secret back-room deals. In exchange for votes. …”
Fox Business Has News on PHM
The latest news from Fox Business on PHM is available through Ockham's news analytics platform RazorWire.
Pulte Homes receives our Fairly Valued rating in our latest report because the current price does not seem out of line with the fundamentals. Please have a look at our report for our reasons to upgrade the stock to Fairly Valued on our report dated Sunday, November 22, 2009. While bearish sentiment on a stock is not always a bad thing, it is something you need to be aware of. The Motley Fool survey of crowd sentiment shows that many investors believe this stock will underperform. Ranking all stocks in terms of news coverage offers some interesting data. In the case of PHM, it is getting significantly more attention in recent news coverage than we are used to seeing.
“… Looks like hovnanian and PULTE HOMES, a couple of the biggest gainers among that group and the market also still reacting and traders still digesting the news on cyber monday sale... …”
Stay Current on PHM's News on Street Signs
News has broken via the television and viral blogs regarding PHM, so investors should take an interest in learning what was said.
Pulte Homes receives our Fairly Valued rating in our latest report because the current price does not seem out of line with the fundamentals. Please have a look at our report for our reasons to upgrade the stock to Fairly Valued on our report dated Sunday, November 22, 2009. We noticed recently that in comparison to all other stocks we analyze in the news; PHM has received less coverage from the financial media in business television and blogs. While bearish sentiment on a stock is not always a bad thing, it is something you need to be aware of. The Motley Fool survey of crowd sentiment shows that many investors believe this stock will underperform.
“… Horton, PULTE HOMES, and toll brothers. Lets head to bertha at the > > we haven't really moved so we've improved slightly here on the back of those fed minutes, but a couple tra... …”
Stay Current on PHM's News on Closing Bell
Staying informed on the news is invaluable for investors, and RazorWire has captured a recently discussion on PHM from Closing Bell.
As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, PHM has been less covered in the news compared to the rest of our universe of stocks. After factoring in the current fundamentals versus their historically normal ranges, we have established a Fairly Valued stance on PHM. The improving valuation of Pulte Homes has prompted us to upgrade this stock as of Sunday, November 22, 2009. The crowd at The Motley Fool does not like PHM and believes that it will Underperform.
“… Horton and PULTE HOMES there as well. Campbell soup, they raised their guidance for the current fiscal and then ldk solar, one of the stocks we've been talking about, certainly f... …”
Check Out Mad Money and News on PHM
Pulte Homes is one of the thousands of companies that Ockham has news analytics on, and it was recently discussed on Mad Money.
At the current price, value investors will want to look elsewhere for a buying opportunity as this stock has heated up and is currently Overvalued. Ranking all stocks in terms of news coverage offers some interesting data. In the case of PHM, it is getting significantly more attention in recent news coverage than we are used to seeing. Due to deterioration in our valuation, we downgraded PHM as of Saturday, November 07, 2009. While bearish sentiment on a stock is not always a bad thing, it is something you need to be aware of. The Motley Fool survey of crowd sentiment shows that many investors believe this stock will underperform.
“… PULTE HOMES and stick with cramer. > > > coming up the wizard of wall street kicks it into high gear to give their stocks their final round. " > > > plus, cramer checks his . …”
RazorWire has Detected News About PHM on Mad Money
The latest news on Mad Money in regards to PHM came through on RazorWire recently.
Its interesting to note that the crowd at The Motley Fool does not like PHM and believes that it will Underperform. Our valuation of PHM has become less favorable recently, and we have seen it necessary to downgrade the stock. When looking at our entire coverage universe and ranking stocks by the attention they receive on RazorWire, it is clear that Pulte Homes has been talked about more than normal recently. At Ockham, we are not advising buying Pulte Homes at the current price level because according to our methodology it is not supported by the fundamentals.
“… It doesn't mean that homebuilders are -- it's not a reason to bate homebuilders and particularly PULTE HOMES. These homebuilders are still on very shaky foundations and business... …”
Mad Money Looks at Balance Sheet of PHM
Financial strength is a characteristic of most stocks that our methodology tends to look favorably on, and PHM's balance sheet was recently in the news.
Interestingly, overall sentiment looks bearish according to the Motley Fool's CAPS survey, as most of their users see Pulte Homes underperforming. As of this week's report, we have an Overvalued valuation on PHM because the price has gotten too high to be justified by the fundamentals. In comparison to the other stocks that we follow, Pulte Homes has seen more discussion in relation to its normal ranking among the group. So, be aware that the news sources we track are focusing on this stock more recently. We have recently (Saturday, November 07, 2009) downgraded this stock due to deteriorating fundamentals.
“… -- of the homebuilders, the worst house in a bad neighborhood neighborhood PULTE HOMES. The largest homebuilder america now with centex, into the block. …”