Can PulteGroup (PHM) Trade At A Discount After A 172% Run?

PulteGroup has delivered a powerful 5 year return, and the share price now reflects a lot of faith in the homebuilder's ability to keep turning profits into steady cash. The question for you is whether that current market tag is in line with what its future cash flows can reasonably support. The stock has gained 171.6% over 5 years, which puts real pressure on the cash flow story to justify how far the valuation has come. The business converts its homebuilding activity into cash, so...