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Also traded in: Germany

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 0.15
MTH's Cash to Debt is ranked lower than
81% of the 782 Companies
in the Global Residential Construction industry.

( Industry Median: 3.48 vs. MTH: 0.15 )
Ranked among companies with meaningful Cash to Debt only.
MTH' s Cash to Debt Range Over the Past 10 Years
Min: 0  Med: 0.13 Max: N/A
Current: 0.15
Equity to Asset 0.47
MTH's Equity to Asset is ranked higher than
52% of the 727 Companies
in the Global Residential Construction industry.

( Industry Median: 0.47 vs. MTH: 0.47 )
Ranked among companies with meaningful Equity to Asset only.
MTH' s Equity to Asset Range Over the Past 10 Years
Min: 0.34  Med: 0.42 Max: 0.95
Current: 0.47
0.34
0.95
Interest Coverage 13.08
MTH's Interest Coverage is ranked higher than
56% of the 517 Companies
in the Global Residential Construction industry.

( Industry Median: 8.51 vs. MTH: 13.08 )
Ranked among companies with meaningful Interest Coverage only.
MTH' s Interest Coverage Range Over the Past 10 Years
Min: 0.07  Med: 12.86 Max: N/A
Current: 13.08
F-Score: 3
Z-Score: 2.18
M-Score: -2.14
WACC vs ROIC
6.89%
6.87%
WACC
ROIC
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 (%) 7.90
MTH's Operating margin (%) is ranked higher than
74% of the 771 Companies
in the Global Residential Construction industry.

( Industry Median: 2.83 vs. MTH: 7.90 )
Ranked among companies with meaningful Operating margin (%) only.
MTH' s Operating margin (%) Range Over the Past 10 Years
Min: -15.89  Med: 3.96 Max: 10.59
Current: 7.9
-15.89
10.59
Net-margin (%) 5.00
MTH's Net-margin (%) is ranked higher than
68% of the 775 Companies
in the Global Residential Construction industry.

( Industry Median: 2.16 vs. MTH: 5.00 )
Ranked among companies with meaningful Net-margin (%) only.
MTH' s Net-margin (%) Range Over the Past 10 Years
Min: -19.17  Med: 2.87 Max: 8.81
Current: 5
-19.17
8.81
ROE (%) 11.02
MTH's ROE (%) is ranked higher than
70% of the 722 Companies
in the Global Residential Construction industry.

( Industry Median: 4.85 vs. MTH: 11.02 )
Ranked among companies with meaningful ROE (%) only.
MTH' s ROE (%) Range Over the Past 10 Years
Min: -46.44  Med: 6.16 Max: 24.26
Current: 11.02
-46.44
24.26
ROA (%) 5.12
MTH's ROA (%) is ranked higher than
71% of the 784 Companies
in the Global Residential Construction industry.

( Industry Median: 1.95 vs. MTH: 5.12 )
Ranked among companies with meaningful ROA (%) only.
MTH' s ROA (%) Range Over the Past 10 Years
Min: -18.99  Med: 2.86 Max: 10.88
Current: 5.12
-18.99
10.88
ROC (Joel Greenblatt) (%) 613.40
MTH's ROC (Joel Greenblatt) (%) is ranked higher than
99% of the 774 Companies
in the Global Residential Construction industry.

( Industry Median: 8.90 vs. MTH: 613.40 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
MTH' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -1254.76  Med: 217.47 Max: 1019.46
Current: 613.4
-1254.76
1019.46
Revenue Growth (3Y)(%) 21.90
MTH's Revenue Growth (3Y)(%) is ranked higher than
90% of the 662 Companies
in the Global Residential Construction industry.

( Industry Median: 1.90 vs. MTH: 21.90 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
MTH' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -37.7  Med: 25.60 Max: 341.1
Current: 21.9
-37.7
341.1
EBITDA Growth (3Y)(%) 44.10
MTH's EBITDA Growth (3Y)(%) is ranked higher than
83% of the 499 Companies
in the Global Residential Construction industry.

( Industry Median: 7.90 vs. MTH: 44.10 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
MTH' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: 13.6  Med: 52.50 Max: 238.9
Current: 44.1
13.6
238.9
EPS Growth (3Y)(%) 0.70
MTH's EPS Growth (3Y)(%) is ranked lower than
58% of the 462 Companies
in the Global Residential Construction industry.

( Industry Median: 5.70 vs. MTH: 0.70 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
MTH' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -59.7  Med: 32.70 Max: 229.2
Current: 0.7
-59.7
229.2
» MTH's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-07-29)


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

» Details

Guru Trades

Q2 2015

MTH Guru Trades in Q2 2015

Paul Tudor Jones 7,000 sh (New)
Ken Fisher 1,755,445 sh (+31.28%)
Ken Heebner 350,000 sh (unchged)
David Dreman 3,083 sh (-7.39%)
Scott Black 124,695 sh (-15.29%)
Chuck Royce 85,000 sh (-29.17%)
» More
Q3 2015

MTH Guru Trades in Q3 2015

David Dreman 4,365 sh (+41.58%)
Ken Heebner 380,000 sh (+8.57%)
Paul Tudor Jones Sold Out
Ken Fisher 1,702,504 sh (-3.02%)
Scott Black 120,115 sh (-3.67%)
Chuck Royce 67,000 sh (-21.18%)
» More
Q4 2015

MTH Guru Trades in Q4 2015

Joel Greenblatt 34,464 sh (New)
Ken Fisher 1,713,543 sh (+0.65%)
Chuck Royce Sold Out
Scott Black Sold Out
Ken Heebner Sold Out
David Dreman 3,083 sh (-29.37%)
» More
Q1 2016

MTH Guru Trades in Q1 2016

Jim Simons 47,600 sh (New)
David Dreman 4,036 sh (+30.91%)
Ken Fisher 1,715,679 sh (+0.12%)
Joel Greenblatt 33,120 sh (-3.90%)
» 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%)

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Business Description

Industry: Homebuilding & Construction » Residential Construction
Compare:NYSE:CAA, TSE:1808, TSE:1911, LSE:RDW, TSE:4681, LSE:CRST » details
Traded in other countries:MEY.Germany,
Meritage Homes Corp 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.

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.

Ratios

vs
industry
vs
history
P/E(ttm) 11.51
MTH's P/E(ttm) is ranked higher than
63% of the 539 Companies
in the Global Residential Construction industry.

( Industry Median: 13.93 vs. MTH: 11.51 )
Ranked among companies with meaningful P/E(ttm) only.
MTH' s P/E(ttm) Range Over the Past 10 Years
Min: 3.04  Med: 11.51 Max: 123.15
Current: 11.51
3.04
123.15
Forward P/E 9.13
MTH's Forward P/E is ranked higher than
59% of the 49 Companies
in the Global Residential Construction industry.

( Industry Median: 8.97 vs. MTH: 9.13 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 11.61
MTH's PE(NRI) is ranked higher than
61% of the 531 Companies
in the Global Residential Construction industry.

( Industry Median: 13.72 vs. MTH: 11.61 )
Ranked among companies with meaningful PE(NRI) only.
MTH' s PE(NRI) Range Over the Past 10 Years
Min: 3.04  Med: 11.59 Max: 124.27
Current: 11.61
3.04
124.27
P/B 1.13
MTH's P/B is ranked lower than
56% of the 718 Companies
in the Global Residential Construction industry.

( Industry Median: 0.95 vs. MTH: 1.13 )
Ranked among companies with meaningful P/B only.
MTH' s P/B Range Over the Past 10 Years
Min: 0.28  Med: 1.46 Max: 3.68
Current: 1.13
0.28
3.68
P/S 0.56
MTH's P/S is ranked higher than
55% of the 773 Companies
in the Global Residential Construction industry.

( Industry Median: 0.65 vs. MTH: 0.56 )
Ranked among companies with meaningful P/S only.
MTH' s P/S Range Over the Past 10 Years
Min: 0.09  Med: 0.66 Max: 1.38
Current: 0.56
0.09
1.38
EV-to-EBIT 11.53
MTH's EV-to-EBIT is ranked lower than
51% of the 583 Companies
in the Global Residential Construction industry.

( Industry Median: 11.02 vs. MTH: 11.53 )
Ranked among companies with meaningful EV-to-EBIT only.
MTH' s EV-to-EBIT Range Over the Past 10 Years
Min: -152.1  Med: 10.30 Max: 136.4
Current: 11.53
-152.1
136.4
EV-to-EBITDA 10.86
MTH's EV-to-EBITDA is ranked lower than
59% of the 628 Companies
in the Global Residential Construction industry.

( Industry Median: 8.60 vs. MTH: 10.86 )
Ranked among companies with meaningful EV-to-EBITDA only.
MTH' s EV-to-EBITDA Range Over the Past 10 Years
Min: -52  Med: 10.00 Max: 335.6
Current: 10.86
-52
335.6
PEG 0.21
MTH's PEG is ranked higher than
90% of the 221 Companies
in the Global Residential Construction industry.

( Industry Median: 1.08 vs. MTH: 0.21 )
Ranked among companies with meaningful PEG only.
MTH' s PEG Range Over the Past 10 Years
Min: 0.1  Med: 0.18 Max: 2.54
Current: 0.21
0.1
2.54
Current Ratio 0.87
MTH's Current Ratio is ranked lower than
85% of the 509 Companies
in the Global Residential Construction industry.

( Industry Median: 1.73 vs. MTH: 0.87 )
Ranked among companies with meaningful Current Ratio only.
MTH' s Current Ratio Range Over the Past 10 Years
Min: 0.05  Med: 0.47 Max: 3.89
Current: 0.87
0.05
3.89
Quick Ratio 0.87
MTH's Quick Ratio is ranked lower than
56% of the 509 Companies
in the Global Residential Construction industry.

( Industry Median: 0.98 vs. MTH: 0.87 )
Ranked among companies with meaningful Quick Ratio only.
MTH' s Quick Ratio Range Over the Past 10 Years
Min: 0.05  Med: 0.47 Max: 3.89
Current: 0.87
0.05
3.89
Days Sales Outstanding 8.28
MTH's Days Sales Outstanding is ranked higher than
92% of the 637 Companies
in the Global Residential Construction industry.

( Industry Median: 48.24 vs. MTH: 8.28 )
Ranked among companies with meaningful Days Sales Outstanding only.
MTH' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.2  Med: 7.92 Max: 43.43
Current: 8.28
6.2
43.43
Days Payable 20.72
MTH's Days Payable is ranked lower than
77% of the 613 Companies
in the Global Residential Construction industry.

( Industry Median: 40.52 vs. MTH: 20.72 )
Ranked among companies with meaningful Days Payable only.
MTH' s Days Payable Range Over the Past 10 Years
Min: 7.41  Med: 16.53 Max: 19.13
Current: 20.72
7.41
19.13

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.14
MTH's Price/Tangible Book is ranked lower than
54% of the 709 Companies
in the Global Residential Construction industry.

( Industry Median: 0.97 vs. MTH: 1.14 )
Ranked among companies with meaningful Price/Tangible Book only.
MTH' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.47  Med: 1.58 Max: 3.79
Current: 1.14
0.47
3.79
Price/Median PS Value 0.88
MTH's Price/Median PS Value is ranked higher than
77% of the 733 Companies
in the Global Residential Construction industry.

( Industry Median: 1.13 vs. MTH: 0.88 )
Ranked among companies with meaningful Price/Median PS Value only.
MTH' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.22  Med: 0.87 Max: 21.89
Current: 0.88
0.22
21.89
Price/Peter Lynch Fair Value 0.47
MTH's Price/Peter Lynch Fair Value is ranked higher than
81% of the 102 Companies
in the Global Residential Construction industry.

( Industry Median: 1.17 vs. MTH: 0.47 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
MTH' s Price/Peter Lynch Fair Value Range Over the Past 10 Years
Min: 0.1  Med: 0.29 Max: 1.97
Current: 0.47
0.1
1.97
Price/Graham Number 0.77
MTH's Price/Graham Number is ranked higher than
63% of the 415 Companies
in the Global Residential Construction industry.

( Industry Median: 0.87 vs. MTH: 0.77 )
Ranked among companies with meaningful Price/Graham Number only.
MTH' s Price/Graham Number Range Over the Past 10 Years
Min: 0.27  Med: 0.85 Max: 2.53
Current: 0.77
0.27
2.53
Earnings Yield (Greenblatt) (%) 8.56
MTH's Earnings Yield (Greenblatt) (%) is ranked higher than
62% of the 776 Companies
in the Global Residential Construction industry.

( Industry Median: 6.20 vs. MTH: 8.56 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
MTH' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.7  Med: 7.50 Max: 30.9
Current: 8.56
0.7
30.9
Forward Rate of Return (Yacktman) (%) 57.54
MTH's Forward Rate of Return (Yacktman) (%) is ranked higher than
96% of the 255 Companies
in the Global Residential Construction industry.

( Industry Median: 5.02 vs. MTH: 57.54 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
MTH' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -11.4  Med: 10.70 Max: 88
Current: 57.54
-11.4
88

More Statistics

Revenue (TTM) (Mil) $2,667
EPS (TTM) $ 3.18
Beta1.25
Short Percentage of Float11.38%
52-Week Range $25.48 - 49.36
Shares Outstanding (Mil)40.01

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 2,947 3,201 3,732
EPS ($) 3.57 4.02 5.30
EPS without NRI ($) 3.57 4.02 5.30
EPS Growth Rate
(3Y to 5Y Estimate)
N/A
» More Articles for NYSE:MTH

Headlines

Articles On GuruFocus.com
Ken Heebner's stocks trading with low P/E Jun 17 2015 
This Housing Company Will Benefit From End-Market Growth Mar 23 2015 
Toll Brothers Presents 78% Surge In Q1 Earnings Feb 26 2015 
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 

More From Other Websites
Meritage Homes to Donate Brand New Homes to Operation Homefront in 2016 May 26 2016
Meritage Homes Corp. breached its 50 day moving average in a Bullish Manner : MTH-US : May 25, 2016 May 25 2016
New home sales roar back, crushing forecasts with a 619,000 annual pace in April May 24 2016
MERITAGE HOMES CORP Files SEC form 8-K, Change in Directors or Principal Officers, Submission of... May 20 2016
Consumer Prices Jump Most In 3 Years; Housing Starts, Industrial Output Up May 17 2016
Meritage Homes Provides Operational and Financial Guidance Update May 16 2016
Meritage Homes Provides Operational and Financial Guidance Update May 16 2016
Home-builder sentiment steady at 58 in May, NAHB says May 16 2016
MERITAGE HOMES CORP Financials May 06 2016
ETF’s with exposure to Meritage Homes Corp. : May 4, 2016 May 04 2016
Meritage Homes Corp. :MTH-US: Earnings Analysis: Q1, 2016 By the Numbers May 03 2016
Meritage Homes Presentation at J.P. Morgan Homebuilding and Building Products Conference to be... May 03 2016
Meritage Homes Presentation at J.P. Morgan Homebuilding and Building Products Conference to be... May 03 2016
MERITAGE HOMES CORP Files SEC form 10-Q, Quarterly Report May 02 2016
Meritage Homes Presentation at J.P. Morgan Homebuilding and Building Products Conference to Be... Apr 29 2016
Meritage Homes Presentation at J.P. Morgan Homebuilding and Building Products Conference to Be... Apr 29 2016
Meritage Homes Corp. breached its 50 day moving average in a Bearish Manner : MTH-US : April 29,... Apr 29 2016
Edited Transcript of MTH earnings conference call or presentation 28-Apr-16 2:30pm GMT Apr 28 2016

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