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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.68
MDC's Cash to Debt is ranked higher than
51% of the 447 Companies
in the Global Residential Construction industry.

( Industry Median: 1.07 vs. MDC: 0.68 )
MDC' s 10-Year Cash to Debt Range
Min: 0.04   Max: 1.52
Current: 0.68

0.04
1.52
Equity to Asset 0.47
MDC's Equity to Asset is ranked higher than
50% of the 444 Companies
in the Global Residential Construction industry.

( Industry Median: 0.54 vs. MDC: 0.47 )
MDC' s 10-Year Equity to Asset Range
Min: 0.27   Max: 0.55
Current: 0.47

0.27
0.55
Interest Coverage 44.05
MDC's Interest Coverage is ranked higher than
65% of the 291 Companies
in the Global Residential Construction industry.

( Industry Median: 24.26 vs. MDC: 44.05 )
MDC' s 10-Year Interest Coverage Range
Min: 4.26   Max: 50.13
Current: 44.05

4.26
50.13
F-Score: 5
Z-Score: 2.44
M-Score: -1.34
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 4.67
MDC's Operating margin (%) is ranked higher than
66% of the 443 Companies
in the Global Residential Construction industry.

( Industry Median: 4.59 vs. MDC: 4.67 )
MDC' s 10-Year Operating margin (%) Range
Min: -27.41   Max: 16.53
Current: 4.67

-27.41
16.53
Net-margin (%) 19.30
MDC's Net-margin (%) is ranked higher than
96% of the 443 Companies
in the Global Residential Construction industry.

( Industry Median: 3.10 vs. MDC: 19.30 )
MDC' s 10-Year Net-margin (%) Range
Min: -26.1   Max: 19.3
Current: 19.3

-26.1
19.3
ROE (%) 25.91
MDC's ROE (%) is ranked higher than
97% of the 439 Companies
in the Global Residential Construction industry.

( Industry Median: 4.52 vs. MDC: 25.91 )
MDC' s 10-Year ROE (%) Range
Min: -43.15   Max: 27.57
Current: 25.91

-43.15
27.57
ROA (%) 12.11
MDC's ROA (%) is ranked higher than
96% of the 444 Companies
in the Global Residential Construction industry.

( Industry Median: 2.52 vs. MDC: 12.11 )
MDC' s 10-Year ROA (%) Range
Min: -21.14   Max: 14.02
Current: 12.11

-21.14
14.02
ROC (Joel Greenblatt) (%) 6.11
MDC's ROC (Joel Greenblatt) (%) is ranked higher than
60% of the 444 Companies
in the Global Residential Construction industry.

( Industry Median: 7.64 vs. MDC: 6.11 )
MDC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -60.07   Max: 45.45
Current: 6.11

-60.07
45.45
Revenue Growth (%) 18.80
MDC's Revenue Growth (%) is ranked higher than
89% of the 285 Companies
in the Global Residential Construction industry.

( Industry Median: 4.90 vs. MDC: 18.80 )
MDC' s 10-Year Revenue Growth (%) Range
Min: -43.2   Max: 26
Current: 18.8

-43.2
26
» MDC's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

MDC Guru Trades in Q1 2013

Paul Tudor Jones 15,200 sh (New)
Steven Cohen 12,455 sh (New)
Jim Simons 611,753 sh (+127.7%)
John Buckingham 181,389 sh (-2.33%)
Arnold Van Den Berg 141,274 sh (-2.78%)
Chuck Royce 188,350 sh (-5.21%)
» More
Q2 2013

MDC Guru Trades in Q2 2013

John Keeley 602,000 sh (New)
Chuck Royce 305,850 sh (+62.38%)
Paul Tudor Jones 24,000 sh (+57.89%)
John Buckingham 190,032 sh (+4.76%)
Steven Cohen Sold Out
Arnold Van Den Berg Sold Out
Jim Simons 427,866 sh (-30.06%)
» More
Q3 2013

MDC Guru Trades in Q3 2013

Charles Brandes 14,265 sh (New)
Chuck Royce 423,550 sh (+38.48%)
John Buckingham 198,053 sh (+4.22%)
John Keeley Sold Out
Paul Tudor Jones 15,400 sh (-35.83%)
Jim Simons 258,266 sh (-39.64%)
» More
Q4 2013

MDC Guru Trades in Q4 2013

Charles Brandes 25,260 sh (+77.08%)
Chuck Royce 517,850 sh (+22.26%)
John Buckingham 201,179 sh (+1.58%)
Jim Simons Sold Out
Paul Tudor Jones 13,500 sh (-12.34%)
» More
» Details

Insider Trades

Latest Guru Trades with MDC

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Charles Brandes 2013-12-31 Add 77.08%$27.81 - $32.2 $ 27.41-7%25260
John Keeley 2013-09-30 Sold Out 0.39%$27.12 - $34 $ 27.41-10%0
Charles Brandes 2013-09-30 New Buy$27.12 - $34 $ 27.41-10%14265
Arnold Van Den Berg 2013-06-30 Sold Out 0.51%$31.56 - $39.71 $ 27.41-24%0
John Keeley 2013-06-30 New Buy0.39%$31.56 - $39.71 $ 27.41-24%602000
Arnold Van Den Berg 2012-09-30 Reduce -89.98%4.14%$30.8 - $40.16 $ 27.41-19%150000
Charles Brandes 2012-09-30 Sold Out 0.02%$30.8 - $40.16 $ 27.41-19%0
Charles Brandes 2012-06-30 Reduce -63.42%0.03%$23.72 - $32.54 $ 27.411%67803
Charles Brandes 2011-12-31 Add 39.94%0.01%$15.39 - $23.09 $ 27.4148%185685
Arnold Van Den Berg 2011-09-30 Add 8.1%0.2%$16.09 - $26.11 $ 27.4136%1648446
Charles Brandes 2011-09-30 Add 613.2%0.02%$16.09 - $26.11 $ 27.4136%132690
Arnold Van Den Berg 2011-06-30 Add 60%1.33%$24.18 - $29.19 $ 27.415%1524861
Charles Brandes 2011-06-30 Add 27%$24.18 - $29.19 $ 27.415%18605
Premium More recent guru trades are included for Premium Members only!!
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Top Ranked Articles about M.D.C. Holdings, Inc.

Sector Watch - Home Building: Gurus Active
In late November the National Association of Realtors reported that pending home sales slid further in October for the fifth consecutive monthly decline. Based on the Pending Home Sales Index, contract signings dropped 0.6% to 102.1 in October 2013, compared to 103.8 in October 2012. Read more...
Housing Shares Spike - Homebuilding Stocks on a 52-week Low
Is there a housing shortage on the horizon or too much inventory? In the crossfire of contradictory housing data, the bears and bulls remain in disagreement over a possible recovery in the home building sector. However, housing share prices did bounce briefly this morning from the small burst of good news that new home sales of 330,000 are marginally higher than the 310,000 anticipated for June, according to CNN. Here’s a look at the 52-week low stocks in the home building and construction sector and the billionaire gurus who are holding them. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 4.40
MDC's P/E(ttm) is ranked higher than
96% of the 346 Companies
in the Global Residential Construction industry.

( Industry Median: 15.70 vs. MDC: 4.40 )
MDC' s 10-Year P/E(ttm) Range
Min: 3.99   Max: 150.44
Current: 4.4

3.99
150.44
P/B 1.10
MDC's P/B is ranked higher than
58% of the 430 Companies
in the Global Residential Construction industry.

( Industry Median: 1.15 vs. MDC: 1.10 )
MDC' s 10-Year P/B Range
Min: 0.84   Max: 2.41
Current: 1.1

0.84
2.41
P/S 0.82
MDC's P/S is ranked higher than
50% of the 459 Companies
in the Global Residential Construction industry.

( Industry Median: 0.73 vs. MDC: 0.82 )
MDC' s 10-Year P/S Range
Min: 0.36   Max: 2.11
Current: 0.82

0.36
2.11
EV-to-EBIT 29.40
MDC's EV-to-EBIT is ranked lower than
67% of the 349 Companies
in the Global Residential Construction industry.

( Industry Median: 13.47 vs. MDC: 29.40 )
MDC' s 10-Year EV-to-EBIT Range
Min: 3.9   Max: 137.9
Current: 29.4

3.9
137.9

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.91
MDC's Dividend Yield is ranked lower than
78% of the 275 Companies
in the Global Residential Construction industry.

( Industry Median: 1.96 vs. MDC: 0.91 )
MDC' s 10-Year Dividend Yield Range
Min: 0.52   Max: 6.04
Current: 0.91

0.52
6.04
Dividend growth (3y) -100.00
MDC's Dividend growth (3y) is ranked lower than
63% of the 107 Companies
in the Global Residential Construction industry.

( Industry Median: 3.80 vs. MDC: -100.00 )
MDC' s 10-Year Dividend growth (3y) Range
Min: -100   Max: 56.8
Current: -100

-100
56.8
Yield on cost (5-Year) 0.90
MDC's Yield on cost (5-Year) is ranked lower than
78% of the 289 Companies
in the Global Residential Construction industry.

( Industry Median: 2.08 vs. MDC: 0.90 )
MDC' s 10-Year Yield on cost (5-Year) Range
Min: 0.52   Max: 6.04
Current: 0.9

0.52
6.04
Share Buyback Rate -1.60
MDC's Share Buyback Rate is ranked higher than
65% of the 208 Companies
in the Global Residential Construction industry.

( Industry Median: -0.90 vs. MDC: -1.60 )
MDC' s 10-Year Share Buyback Rate Range
Min: 3   Max: -3.3
Current: -1.6

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 10.40
MDC's Price/Net Current Asset Value is ranked lower than
57% of the 143 Companies
in the Global Residential Construction industry.

( Industry Median: 6.40 vs. MDC: 10.40 )
MDC' s 10-Year Price/Net Current Asset Value Range
Min: 2.48   Max: 43.92
Current: 10.4

2.48
43.92
Price/Tangible Book 1.10
MDC's Price/Tangible Book is ranked higher than
57% of the 428 Companies
in the Global Residential Construction industry.

( Industry Median: 1.30 vs. MDC: 1.10 )
MDC' s 10-Year Price/Tangible Book Range
Min: 0.62   Max: 2.03
Current: 1.1

0.62
2.03
Price/DCF (Projected) 1.50
MDC's Price/DCF (Projected) is ranked higher than
55% of the 170 Companies
in the Global Residential Construction industry.

( Industry Median: 1.40 vs. MDC: 1.50 )
MDC' s 10-Year Price/DCF (Projected) Range
Min: 0.31   Max: 24.79
Current: 1.5

0.31
24.79
Price/Median PS Value 1.00
MDC's Price/Median PS Value is ranked higher than
68% of the 422 Companies
in the Global Residential Construction industry.

( Industry Median: 1.10 vs. MDC: 1.00 )
MDC' s 10-Year Price/Median PS Value Range
Min: 0.17   Max: 1.87
Current: 1

0.17
1.87
Price/Graham Number 0.50
MDC's Price/Graham Number is ranked higher than
81% of the 334 Companies
in the Global Residential Construction industry.

( Industry Median: 1.00 vs. MDC: 0.50 )
MDC' s 10-Year Price/Graham Number Range
Min: 0.4   Max: 1.89
Current: 0.5

0.4
1.89
Earnings Yield (Greenblatt) 3.40
MDC's Earnings Yield (Greenblatt) is ranked lower than
62% of the 373 Companies
in the Global Residential Construction industry.

( Industry Median: 7.30 vs. MDC: 3.40 )
MDC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.7   Max: 25.9
Current: 3.4

0.7
25.9
Forward Rate of Return (Yacktman) -0.53
MDC's Forward Rate of Return (Yacktman) is ranked higher than
53% of the 237 Companies
in the Global Residential Construction industry.

( Industry Median: 2.51 vs. MDC: -0.53 )
MDC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -5   Max: 29.6
Current: -0.53

-5
29.6

Business Description

Industry: Homebuilding & Construction » Residential Construction
Compare:TOL, DWAHY, DITFY, MTH, PHM » details
Traded in other countries:MDH.Germany
M.D.C. Holdings, Inc., is a Delaware Corporation originally incorporated in Colorado in 1972. The Company operates in the field of homebuilding and financial services. Its homebuilding operations consist of wholly-owned subsidiary companies that generally purchase finished lots for the construction and sale of single-family detached homes to first-time and first-time move-up homebuyers under the name 'Richmond American Homes.' The homebuilding operations are comprised of many homebuilding subdivisions that it considers to be its operating segments. The Financial Services and other segment consists of HomeAmerican Mortgage Corporation, which originates mortgage loans mainly for its homebuyers, American Home Insurance Agency, Inc., which offers third-party insurance products to its homebuyers, and American Home Title and Escrow Company, which provides title agency services to the Company and its homebuyers in Colorado, Florida, Maryland, Nevada, Virginia and West Virginia. The Company builds and sells mainly single-family detached homes that are designed and built to meet local customer preferences. The Company is a general contractor for all of its projects and retains subcontractors for land development and home construction. The financial services of the Company include subsidiary businesses which mainly provide mortgage financing, title insurance and homeowner insurance for its homebuyers. In its homebuilding segments, its main functions include land acquisition and development, home construction purchasing, sales and marketing, and customer service. Generally, it builds single-family detached homes in a number of standardized series, designed to provide variety in the size and style of homes for its potential homebuyers. Within each series, it builds several different floor plans offering standard and optional features. HomeAmerican is a full-service mortgage lender and the principal originator of mortgage loans for its homebuyers. To communicate its Richmond American Homes brand and sales promotions, it has a centralized in-house advertising and marketing department that controls and monitors the communication of the Company's brand and promotion efforts. The Company's business is subject to numerous federal, local and state laws and regulations concerning land development, construction of homes, sales, mortgage lending, environmental and other aspects of its business.

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