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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 0.10
MTH's Cash to Debt is ranked lower than
62% of the 505 Companies
in the Global Residential Construction industry.

( Industry Median: 0.48 vs. MTH: 0.10 )
MTH' s 10-Year Cash to Debt Range
Min: 0   Max: No Debt
Current: 0.1

Equity to Asset 0.47
MTH's Equity to Asset is ranked higher than
58% of the 506 Companies
in the Global Residential Construction industry.

( Industry Median: 0.49 vs. MTH: 0.47 )
MTH' s 10-Year Equity to Asset Range
Min: 0.34   Max: 0.95
Current: 0.47

0.34
0.95
Interest Coverage 12.86
MTH's Interest Coverage is ranked higher than
54% of the 311 Companies
in the Global Residential Construction industry.

( Industry Median: 25.35 vs. MTH: 12.86 )
MTH' s 10-Year Interest Coverage Range
Min: 0.07   Max: 9999.99
Current: 12.86

0.07
9999.99
F-Score: 3
Z-Score: 2.14
M-Score: -1.06
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 : 6/10

vs
industry
vs
history
Operating margin (%) 10.24
MTH's Operating margin (%) is ranked higher than
83% of the 509 Companies
in the Global Residential Construction industry.

( Industry Median: 5.10 vs. MTH: 10.24 )
MTH' s 10-Year Operating margin (%) Range
Min: -147.62   Max: 55.56
Current: 10.24

-147.62
55.56
Net-margin (%) 6.86
MTH's Net-margin (%) is ranked higher than
81% of the 509 Companies
in the Global Residential Construction industry.

( Industry Median: 3.96 vs. MTH: 6.86 )
MTH' s 10-Year Net-margin (%) Range
Min: -214.29   Max: 30.56
Current: 6.86

-214.29
30.56
ROE (%) 14.82
MTH's ROE (%) is ranked higher than
90% of the 505 Companies
in the Global Residential Construction industry.

( Industry Median: 6.46 vs. MTH: 14.82 )
MTH' s 10-Year ROE (%) Range
Min: -46.44   Max: 40.46
Current: 14.82

-46.44
40.46
ROA (%) 6.64
MTH's ROA (%) is ranked higher than
87% of the 511 Companies
in the Global Residential Construction industry.

( Industry Median: 3.06 vs. MTH: 6.64 )
MTH' s 10-Year ROA (%) Range
Min: -18.99   Max: 19.29
Current: 6.64

-18.99
19.29
ROC (Joel Greenblatt) (%) 808.66
MTH's ROC (Joel Greenblatt) (%) is ranked higher than
99% of the 509 Companies
in the Global Residential Construction industry.

( Industry Median: 9.00 vs. MTH: 808.66 )
MTH' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -859.6   Max: 1026.77
Current: 808.66

-859.6
1026.77
Revenue Growth (3Y)(%) 17.50
MTH's Revenue Growth (3Y)(%) is ranked higher than
90% of the 404 Companies
in the Global Residential Construction industry.

( Industry Median: 4.90 vs. MTH: 17.50 )
MTH' s 10-Year Revenue Growth (3Y)(%) Range
Min: -37.7   Max: 420.5
Current: 17.5

-37.7
420.5
EBITDA Growth (3Y)(%) 56.20
MTH's EBITDA Growth (3Y)(%) is ranked higher than
96% of the 333 Companies
in the Global Residential Construction industry.

( Industry Median: 2.50 vs. MTH: 56.20 )
MTH' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 14.8   Max: 198.5
Current: 56.2

14.8
198.5
EPS Growth (3Y)(%) 144.40
MTH's EPS Growth (3Y)(%) is ranked higher than
99% of the 283 Companies
in the Global Residential Construction industry.

( Industry Median: 8.00 vs. MTH: 144.40 )
MTH' s 10-Year EPS Growth (3Y)(%) Range
Min: -59.7   Max: 240.6
Current: 144.4

-59.7
240.6
» MTH's 10-Y Financials

Financials


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

» Details

Guru Trades

Q4 2013

MTH Guru Trades in Q4 2013

David Dreman 906 sh (New)
Jim Simons 20,600 sh (New)
Steven Cohen 50,650 sh (New)
Chuck Royce 145,500 sh (+16.4%)
Ken Fisher 1,091,940 sh (+0.02%)
Ken Heebner 345,000 sh (unchged)
Arnold Schneider 331,822 sh (-52.94%)
Paul Tudor Jones 4,500 sh (-63.41%)
» More
Q1 2014

MTH Guru Trades in Q1 2014

Scott Black 251,652 sh (New)
Paul Tudor Jones 9,400 sh (+108.89%)
Chuck Royce 170,500 sh (+17.18%)
David Dreman 913 sh (+0.77%)
Ken Heebner 345,000 sh (unchged)
Jim Simons Sold Out
Ken Fisher 1,067,565 sh (-2.23%)
Arnold Schneider 322,467 sh (-2.82%)
Steven Cohen 8,929 sh (-82.37%)
» More
Q2 2014

MTH Guru Trades in Q2 2014

Caxton Associates 50,000 sh (New)
David Dreman 1,384 sh (+51.59%)
Chuck Royce 192,000 sh (+12.61%)
Paul Tudor Jones Sold Out
Ken Fisher 1,045,250 sh (-2.09%)
Ken Heebner 300,000 sh (-13.04%)
Scott Black 199,577 sh (-20.69%)
Arnold Schneider 222,097 sh (-31.13%)
» More
Q3 2014

MTH Guru Trades in Q3 2014

Paul Tudor Jones 8,300 sh (New)
Ken Fisher 1,308,425 sh (+25.18%)
Ken Heebner 350,000 sh (+16.67%)
David Dreman 1,587 sh (+14.67%)
Caxton Associates 50,000 sh (unchged)
Scott Black 193,792 sh (-2.9%)
Arnold Schneider 179,702 sh (-19.09%)
Chuck Royce 135,000 sh (-29.69%)
» More
» Details

Insider Trades

Latest Guru Trades with MTH

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Arnold Schneider 2014-09-30 Reduce -19.09%0.19%$36.18 - $43.1 $ 35.47-12%179702
Ken Fisher 2014-09-30 Add 25.18%0.02%$36.18 - $43.1 $ 35.47-12%1308425
Arnold Schneider 2014-06-30 Reduce -31.13%0.47%$37.93 - $43.9 $ 35.47-12%222097
Scott Black 2014-06-30 Reduce -20.69%0.23%$37.93 - $43.9 $ 35.47-12%199577
David Dreman 2014-06-30 Add 51.59%$37.93 - $43.9 $ 35.47-12%1384
Scott Black 2014-03-31 New Buy1.1%$40.44 - $49.33 $ 35.47-22%251652
Arnold Schneider 2013-12-31 Reduce -52.94%1.48%$39.83 - $47.51 $ 35.47-18%331822
David Dreman 2013-12-31 New Buy$39.83 - $47.51 $ 35.47-18%906
John Keeley 2013-09-30 Sold Out 0.51%$38.92 - $47.01 $ 35.47-17%0
Arnold Schneider 2013-09-30 Reduce -6.62%0.21%$38.92 - $47.01 $ 35.47-17%705107
Ken Fisher 2013-09-30 New Buy0.12%$38.92 - $47.01 $ 35.47-17%1091720
Arnold Schneider 2013-03-31 Reduce -22.48%0.79%$37.35 - $48.1 $ 35.47-17%761922
John Keeley 2012-12-31 Add 104.84%0.24%$33.38 - $41.75 $ 35.47-5%550000
John Keeley 2012-09-30 New Buy0.23%$33.19 - $42.25 $ 35.47-3%268500
Ken Heebner 2012-06-30 Add 96.88%0.13%$25.18 - $33.15 $ 35.4727%315000
Arnold Schneider 2012-03-31 Add 7.67%0.2%$23.71 - $29.08 $ 35.4742%1278095
Ken Heebner 2012-03-31 Add 700%0.08%$23.71 - $29.08 $ 35.4742%160000
Ken Heebner 2011-12-31 New Buy0.01%$14.24 - $23.3 $ 35.4784%20000
Arnold Schneider 2011-09-30 Add 16.6%0.21%$14.81 - $23.89 $ 35.4787%1190515
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

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Ratios

vs
industry
vs
history
P/E(ttm) 10.30
MTH's P/E(ttm) is ranked higher than
88% of the 540 Companies
in the Global Residential Construction industry.

( Industry Median: 21.40 vs. MTH: 10.30 )
MTH' s 10-Year P/E(ttm) Range
Min: 3.04   Max: 123.15
Current: 10.3

3.04
123.15
P/B 1.31
MTH's P/B is ranked higher than
62% of the 540 Companies
in the Global Residential Construction industry.

( Industry Median: 1.34 vs. MTH: 1.31 )
MTH' s 10-Year P/B Range
Min: 0.28   Max: 3.75
Current: 1.31

0.28
3.75
P/S 0.71
MTH's P/S is ranked higher than
70% of the 540 Companies
in the Global Residential Construction industry.

( Industry Median: 0.88 vs. MTH: 0.71 )
MTH' s 10-Year P/S Range
Min: 0.09   Max: 1.42
Current: 0.71

0.09
1.42
EV-to-EBIT 10.67
MTH's EV-to-EBIT is ranked higher than
83% of the 540 Companies
in the Global Residential Construction industry.

( Industry Median: 21.45 vs. MTH: 10.67 )
MTH' s 10-Year EV-to-EBIT Range
Min: -94   Max: 602.5
Current: 10.67

-94
602.5
Shiller P/E 80.75
MTH's Shiller P/E is ranked higher than
76% of the 540 Companies
in the Global Residential Construction industry.

( Industry Median: 9999.00 vs. MTH: 80.75 )
MTH' s 10-Year Shiller P/E Range
Min: 2.4   Max: 141.06
Current: 80.75

2.4
141.06
Current Ratio 0.55
MTH's Current Ratio is ranked lower than
69% of the 508 Companies
in the Global Residential Construction industry.

( Industry Median: 1.88 vs. MTH: 0.55 )
MTH' s 10-Year Current Ratio Range
Min: 0.05   Max: 3.89
Current: 0.55

0.05
3.89
Quick Ratio 0.55
MTH's Quick Ratio is ranked lower than
56% of the 508 Companies
in the Global Residential Construction industry.

( Industry Median: 0.94 vs. MTH: 0.55 )
MTH' s 10-Year Quick Ratio Range
Min: 0.05   Max: 3.89
Current: 0.55

0.05
3.89

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.31
MTH's Price/Tangible Book is ranked higher than
64% of the 540 Companies
in the Global Residential Construction industry.

( Industry Median: 1.50 vs. MTH: 1.31 )
MTH' s 10-Year Price/Tangible Book Range
Min: 0.47   Max: 7.03
Current: 1.31

0.47
7.03
Price/DCF (Projected) 8.72
MTH's Price/DCF (Projected) is ranked higher than
70% of the 540 Companies
in the Global Residential Construction industry.

( Industry Median: 9999.00 vs. MTH: 8.72 )
MTH' s 10-Year Price/DCF (Projected) Range
Min: 0.39   Max: 18.2
Current: 8.72

0.39
18.2
Price/Median PS Value 1.08
MTH's Price/Median PS Value is ranked higher than
71% of the 540 Companies
in the Global Residential Construction industry.

( Industry Median: 1.22 vs. MTH: 1.08 )
MTH' s 10-Year Price/Median PS Value Range
Min: 0.22   Max: 21.88
Current: 1.08

0.22
21.88
Price/Graham Number 0.76
MTH's Price/Graham Number is ranked higher than
84% of the 540 Companies
in the Global Residential Construction industry.

( Industry Median: 1.29 vs. MTH: 0.76 )
MTH' s 10-Year Price/Graham Number Range
Min: 0.27   Max: 6.25
Current: 0.76

0.27
6.25
Earnings Yield (Greenblatt) 9.40
MTH's Earnings Yield (Greenblatt) is ranked higher than
81% of the 505 Companies
in the Global Residential Construction industry.

( Industry Median: 5.20 vs. MTH: 9.40 )
MTH' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.2   Max: 30.9
Current: 9.4

0.2
30.9
Forward Rate of Return (Yacktman) 11.46
MTH's Forward Rate of Return (Yacktman) is ranked higher than
75% of the 264 Companies
in the Global Residential Construction industry.

( Industry Median: 6.45 vs. MTH: 11.46 )
MTH' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -11.4   Max: 41.8
Current: 11.46

-11.4
41.8

Business Description

Industry: Homebuilding & Construction » Residential Construction
Compare:MDC, TOL, DWAHY, DITFY, PHM » details
Traded in other countries:MEY.Germany,
Meritage Homes Corp was incorporated in July 1988 in Maryland. The Company is a real estate investment trust in the State of Maryland. It is a designer and builder of single-family attached and detached homes in the historically high-growth regions of the southern and western United States, based on the number of home closings. It offers first-time, move-up, luxury and active adult homes to its targeted customer base. The Company has operations in three regions: West, Central and East, which are comprised of seven metropolitan areas in Arizona, Texas, California, Nevada, Colorado and Florida and North Carolina. Its homebuilding and marketing activities are conducted under the name of Meritage Homes in each of its markets, except for Arizona, where it also operates under the name of Monterey Homes, and in Texas, where it also operate as Legacy Homes and Monterey Homes. The Company participates in several joint ventures with independent third parties relating to the purchase and development of land. It has less than a controlling interest in its joint ventures. It typically enters into these joint ventures with other homebuilders, land sellers or other real estate investors to provide it and the other joint venture partners with a means of accessing larger parcels and lot positions, expanding its market opportunities, managing its risk profile and leveraging its capital base. The Company acts as the general contractor for its projects and typically hire subcontractors on a project-by-project or reasonable geographic-proximity basis to complete construction at a fixed price. It usually enters into agreements with subcontractors and materials suppliers on an individual basis after receiving competitive bids. Occasionally, it enters into longer-term contracts with subcontractors and suppliers if it could obtain more favorable terms to minimize construction costs. At December 31, 2013, it was actively selling homes in 188 communities. The Company competes for sales in each of its markets with national, regional and local developers and home-builders, existing home resales and, to a lesser extent, condominiums and available rental housing. Some of its competitors have greater financial resources or lower costs than it does. Competition among both small and large residential home-builders is based on a number of interrelated factors, including location, reputation, amenities, design, quality and price. The Company is subject to a variety of local, state, and federal statutes, ordinances, rules and regulations concerning the protection of health and the environment.
» More Articles for MTH

Headlines

Articles On GuruFocus.com
WEEKLY CFO SELLS HIGHLIGHT: SBAC, XOXO, MTH, FICO, SGEN, OAS Sep 03 2012 
The Housing Industry: State of Affairs - RYL, PHM, KBH, LEN, MTH Jul 12 2011 
Meritage Homes Corp. (MTH) Exec VP - COO Steven M Davis sells 16,000 Shares Mar 08 2011 
Meritage Homes Corp. (MTH) Exec VP - COO Steven M Davis sells 3,301 Shares Feb 15 2011 
Meritage Homes Corp. (MTH) CEO Steven J Hilton sells 10,492 Shares Feb 15 2011 
Meritage Homes Corp. (MTH) Executive VP - CFO Larry Wayne Seay sells 5,638 Shares Feb 15 2011 
Meritage Homes Corp. Reports Operating Results (10-Q) Nov 04 2010 
Meritage Homes Corp. Reports Operating Results (10-Q) Aug 04 2010 
Meritage Homes Corp. Reports Operating Results (10-Q) May 06 2010 
Meritage Homes Corp. (MTH) Executive VP - CFO Larry Wayne Seay sells 36,000 Shares Mar 15 2010 

More From Other Websites
MERITAGE HOMES CORP Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal... Nov 24 2014
Meritage Homes to Present at the Southwest IDEAS Investor Conference on November 20th in Dallas Nov 17 2014
10-Q for Meritage Homes Corp. Nov 03 2014
MERITAGE HOMES CORP Files SEC form 10-Q, Quarterly Report Oct 31 2014
Meritage Homes (MTH) Downgraded From Buy to Hold Oct 31 2014
Meritage Homes (MTH) Down as Q3 Earnings Miss Estimates Oct 30 2014
FOMC: Not necessarily more “hawkish”, but certainly appeared a bit “less dovish” Oct 29 2014
Meritage misses Street 3Q forecasts Oct 29 2014
Meritage misses Street 3Q forecasts Oct 29 2014
MERITAGE HOMES CORP Files SEC form 8-K, Results of Operations and Financial Condition Oct 29 2014
Meritage Homes Reports Results for the Third Quarter of 2014 Oct 29 2014
Q3 2014 Meritage Homes Corp Earnings Release - Before Market Open Oct 29 2014
U.S. equities opened the session stronger Oct 06 2014
Meritage Homes Third Quarter 2014 Earnings Release and Webcast Conference Call Scheduled for October... Oct 01 2014
Homebuilder bulls keep hope alive Sep 30 2014
Meritage Homes Presentation to be Webcast on October 1 from Deutsche Bank Conference Sep 24 2014
Operation Homefront Selects Three Veterans for Mortgage-Free Homes from Meritage Homes Sep 11 2014
3 Homebuilder Stocks That Should Rise On Order Growth Sep 09 2014
Housing Still Lacks First-Time Buyers Despite Low Rates Aug 25 2014
MERITAGE HOMES CORP Financials Aug 08 2014

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