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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 0.19
MTH's Cash to Debt is ranked lower than
75% of the 725 Companies
in the Global Residential Construction industry.

( Industry Median: 1.51 vs. MTH: 0.19 )
Ranked among companies with meaningful Cash to Debt only.
MTH' s 10-Year Cash to Debt Range
Min: 0  Med: 0.11 Max: N/A
Current: 0.19
Equity to Asset 0.45
MTH's Equity to Asset is ranked lower than
55% of the 490 Companies
in the Global Residential Construction industry.

( Industry Median: 0.48 vs. MTH: 0.45 )
Ranked among companies with meaningful Equity to Asset only.
MTH' s 10-Year Equity to Asset Range
Min: 0.34  Med: 0.42 Max: 0.95
Current: 0.45
0.34
0.95
Interest Coverage 40.18
MTH's Interest Coverage is ranked lower than
53% of the 345 Companies
in the Global Residential Construction industry.

( Industry Median: 53.13 vs. MTH: 40.18 )
Ranked among companies with meaningful Interest Coverage only.
MTH' s 10-Year Interest Coverage Range
Min: 0.07  Med: 12.86 Max: 9999.99
Current: 40.18
0.07
9999.99
F-Score: 1
Z-Score: 2.22
M-Score: -1.72
WACC vs ROIC
10.95%
6.88%
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 : 5/10

vs
industry
vs
history
Operating margin (%) 7.80
MTH's Operating margin (%) is ranked higher than
76% of the 721 Companies
in the Global Residential Construction industry.

( Industry Median: 2.47 vs. MTH: 7.80 )
Ranked among companies with meaningful Operating margin (%) only.
MTH' s 10-Year Operating margin (%) Range
Min: -15.66  Med: 9.78 Max: 55.56
Current: 7.8
-15.66
55.56
Net-margin (%) 5.32
MTH's Net-margin (%) is ranked higher than
73% of the 722 Companies
in the Global Residential Construction industry.

( Industry Median: 1.82 vs. MTH: 5.32 )
Ranked among companies with meaningful Net-margin (%) only.
MTH' s 10-Year Net-margin (%) Range
Min: -19.17  Med: 6.65 Max: 30.56
Current: 5.32
-19.17
30.56
ROE (%) 11.60
MTH's ROE (%) is ranked higher than
68% of the 686 Companies
in the Global Residential Construction industry.

( Industry Median: 5.05 vs. MTH: 11.60 )
Ranked among companies with meaningful ROE (%) only.
MTH' s 10-Year ROE (%) Range
Min: -46.44  Med: 23.29 Max: 40.46
Current: 11.6
-46.44
40.46
ROA (%) 5.42
MTH's ROA (%) is ranked higher than
73% of the 735 Companies
in the Global Residential Construction industry.

( Industry Median: 2.20 vs. MTH: 5.42 )
Ranked among companies with meaningful ROA (%) only.
MTH' s 10-Year ROA (%) Range
Min: -18.99  Med: 10.00 Max: 19.29
Current: 5.42
-18.99
19.29
ROC (Joel Greenblatt) (%) 587.66
MTH's ROC (Joel Greenblatt) (%) is ranked higher than
99% of the 727 Companies
in the Global Residential Construction industry.

( Industry Median: 6.89 vs. MTH: 587.66 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
MTH' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -1254.76  Med: 32.38 Max: 1019.46
Current: 587.66
-1254.76
1019.46
Revenue Growth (3Y)(%) 25.50
MTH's Revenue Growth (3Y)(%) is ranked higher than
92% of the 553 Companies
in the Global Residential Construction industry.

( Industry Median: 2.20 vs. MTH: 25.50 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
MTH' s 10-Year Revenue Growth (3Y)(%) Range
Min: -37.7  Med: 32.70 Max: 404.9
Current: 25.5
-37.7
404.9
EBITDA Growth (3Y)(%) 116.90
MTH's EBITDA Growth (3Y)(%) is ranked higher than
97% of the 413 Companies
in the Global Residential Construction industry.

( Industry Median: 1.00 vs. MTH: 116.90 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
MTH' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 14.8  Med: 52.60 Max: 198.5
Current: 116.9
14.8
198.5
» MTH's 10-Y Financials

Financials


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

» Details

Guru Trades

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 (-2.90%)
Arnold Schneider 179,702 sh (-19.09%)
Chuck Royce 135,000 sh (-29.69%)
» More
Q4 2014

MTH Guru Trades in Q4 2014

Paul Tudor Jones 10,000 sh (+20.48%)
Ken Fisher 1,351,633 sh (+3.30%)
Ken Heebner Sold Out
Caxton Associates Sold Out
Chuck Royce 130,000 sh (-3.70%)
David Dreman 1,486 sh (-6.36%)
Arnold Schneider 139,608 sh (-22.31%)
Scott Black 147,195 sh (-24.04%)
» More
Q1 2015

MTH Guru Trades in Q1 2015

Ken Heebner 350,000 sh (New)
David Dreman 3,329 sh (+124.02%)
Scott Black 147,195 sh (unchged)
Arnold Schneider Sold Out
Paul Tudor Jones Sold Out
Ken Fisher 1,337,190 sh (-1.07%)
Chuck Royce 120,000 sh (-7.69%)
» More
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
» 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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» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 13.62
MTH's P/E(ttm) is ranked higher than
57% of the 488 Companies
in the Global Residential Construction industry.

( Industry Median: 15.20 vs. MTH: 13.62 )
Ranked among companies with meaningful P/E(ttm) only.
MTH' s 10-Year P/E(ttm) Range
Min: 3.04  Med: 11.60 Max: 123.15
Current: 13.62
3.04
123.15
Forward P/E 9.39
MTH's Forward P/E is ranked higher than
66% of the 140 Companies
in the Global Residential Construction industry.

( Industry Median: 11.14 vs. MTH: 9.39 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 13.70
MTH's PE(NRI) is ranked higher than
56% of the 484 Companies
in the Global Residential Construction industry.

( Industry Median: 14.90 vs. MTH: 13.70 )
Ranked among companies with meaningful PE(NRI) only.
MTH' s 10-Year PE(NRI) Range
Min: 3.04  Med: 11.66 Max: 124.27
Current: 13.7
3.04
124.27
P/B 1.41
MTH's P/B is ranked lower than
65% of the 583 Companies
in the Global Residential Construction industry.

( Industry Median: 0.98 vs. MTH: 1.41 )
Ranked among companies with meaningful P/B only.
MTH' s 10-Year P/B Range
Min: 0.28  Med: 1.52 Max: 3.75
Current: 1.41
0.28
3.75
P/S 0.74
MTH's P/S is ranked lower than
55% of the 710 Companies
in the Global Residential Construction industry.

( Industry Median: 0.63 vs. MTH: 0.74 )
Ranked among companies with meaningful P/S only.
MTH' s 10-Year P/S Range
Min: 0.09  Med: 0.71 Max: 1.42
Current: 0.74
0.09
1.42
EV-to-EBIT 13.66
MTH's EV-to-EBIT is ranked lower than
53% of the 495 Companies
in the Global Residential Construction industry.

( Industry Median: 13.17 vs. MTH: 13.66 )
Ranked among companies with meaningful EV-to-EBIT only.
MTH' s 10-Year EV-to-EBIT Range
Min: -94  Med: 9.15 Max: 602.5
Current: 13.66
-94
602.5
Shiller P/E 22.44
MTH's Shiller P/E is ranked lower than
55% of the 220 Companies
in the Global Residential Construction industry.

( Industry Median: 20.79 vs. MTH: 22.44 )
Ranked among companies with meaningful Shiller P/E only.
MTH' s 10-Year Shiller P/E Range
Min: 2.41  Med: 14.89 Max: 138.75
Current: 22.44
2.41
138.75
Current Ratio 1.17
MTH's Current Ratio is ranked lower than
75% of the 502 Companies
in the Global Residential Construction industry.

( Industry Median: 1.74 vs. MTH: 1.17 )
Ranked among companies with meaningful Current Ratio only.
MTH' s 10-Year Current Ratio Range
Min: 0.05  Med: 0.43 Max: 3.89
Current: 1.17
0.05
3.89
Quick Ratio 1.17
MTH's Quick Ratio is ranked higher than
58% of the 502 Companies
in the Global Residential Construction industry.

( Industry Median: 1.00 vs. MTH: 1.17 )
Ranked among companies with meaningful Quick Ratio only.
MTH' s 10-Year Quick Ratio Range
Min: 0.05  Med: 0.43 Max: 3.89
Current: 1.17
0.05
3.89
Days Sales Outstanding 9.85
MTH's Days Sales Outstanding is ranked higher than
89% of the 623 Companies
in the Global Residential Construction industry.

( Industry Median: 48.24 vs. MTH: 9.85 )
Ranked among companies with meaningful Days Sales Outstanding only.
MTH' s 10-Year Days Sales Outstanding Range
Min: 1.53  Med: 6.24 Max: 43.43
Current: 9.85
1.53
43.43

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.42
MTH's Price/Tangible Book is ranked lower than
62% of the 577 Companies
in the Global Residential Construction industry.

( Industry Median: 1.00 vs. MTH: 1.42 )
Ranked among companies with meaningful Price/Tangible Book only.
MTH' s 10-Year Price/Tangible Book Range
Min: 0.47  Med: 1.58 Max: 7.03
Current: 1.42
0.47
7.03
Price/Median PS Value 1.03
MTH's Price/Median PS Value is ranked higher than
60% of the 627 Companies
in the Global Residential Construction industry.

( Industry Median: 1.16 vs. MTH: 1.03 )
Ranked among companies with meaningful Price/Median PS Value only.
MTH' s 10-Year Price/Median PS Value Range
Min: 0.21  Med: 0.84 Max: 21.88
Current: 1.03
0.21
21.88
Price/Peter Lynch Fair Value 0.55
MTH's Price/Peter Lynch Fair Value is ranked higher than
77% of the 96 Companies
in the Global Residential Construction industry.

( Industry Median: 0.85 vs. MTH: 0.55 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
MTH' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.1  Med: 0.27 Max: 1.79
Current: 0.55
0.1
1.79
Price/Graham Number 0.91
MTH's Price/Graham Number is ranked higher than
55% of the 330 Companies
in the Global Residential Construction industry.

( Industry Median: 0.95 vs. MTH: 0.91 )
Ranked among companies with meaningful Price/Graham Number only.
MTH' s 10-Year Price/Graham Number Range
Min: 0.25  Med: 0.85 Max: 2.6
Current: 0.91
0.25
2.6
Earnings Yield (Greenblatt) (%) 7.33
MTH's Earnings Yield (Greenblatt) (%) is ranked higher than
63% of the 714 Companies
in the Global Residential Construction industry.

( Industry Median: 4.20 vs. MTH: 7.33 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
MTH' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 0.2  Med: 8.10 Max: 30.9
Current: 7.33
0.2
30.9
Forward Rate of Return (Yacktman) (%) 86.66
MTH's Forward Rate of Return (Yacktman) (%) is ranked higher than
97% of the 259 Companies
in the Global Residential Construction industry.

( Industry Median: 3.19 vs. MTH: 86.66 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
MTH' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: -11.4  Med: 10.80 Max: 88
Current: 86.66
-11.4
88

Analyst Estimate

Dec15 Dec16 Dec17 Dec18
Revenue(Mil) 2,679 2,981 3,380 4,226
EPS($) 3.68 4.41 5.08 7.01
EPS without NRI($) 3.68 4.41 5.08 7.01

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

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Ken Heebner's stocks trading with low P/E Jun 17 2015 
This Housing Company Will Benefit From End-Market Growth Mar 23 2015 
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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 

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