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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 : 8/10

vs
industry
vs
history
Cash to Debt 0.11
MTH's Cash to Debt is ranked lower than
63% of the 917 Companies
in the Global Residential Construction industry.

( Industry Median: 1.28 vs. MTH: 0.11 )
MTH' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.67
Current: 0.11

0.01
0.67
Equity to Asset 0.48
MTH's Equity to Asset is ranked higher than
61% of the 624 Companies
in the Global Residential Construction industry.

( Industry Median: 0.48 vs. MTH: 0.48 )
MTH' s 10-Year Equity to Asset Range
Min: 0.37   Max: 0.66
Current: 0.48

0.37
0.66
Interest Coverage 40.18
MTH's Interest Coverage is ranked higher than
59% of the 408 Companies
in the Global Residential Construction industry.

( Industry Median: 34.50 vs. MTH: 40.18 )
MTH' s 10-Year Interest Coverage Range
Min: 0.07   Max: 9999.99
Current: 40.18

0.07
9999.99
F-Score: 2
Z-Score: 2.49
M-Score: -1.25
WACC vs ROIC
9.53%
8.39%
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 : 6/10

vs
industry
vs
history
Operating margin (%) 9.47
MTH's Operating margin (%) is ranked higher than
86% of the 919 Companies
in the Global Residential Construction industry.

( Industry Median: 2.97 vs. MTH: 9.47 )
MTH' s 10-Year Operating margin (%) Range
Min: -15.66   Max: 55.56
Current: 9.47

-15.66
55.56
Net-margin (%) 6.49
MTH's Net-margin (%) is ranked higher than
84% of the 920 Companies
in the Global Residential Construction industry.

( Industry Median: 2.19 vs. MTH: 6.49 )
MTH' s 10-Year Net-margin (%) Range
Min: -19.17   Max: 30.56
Current: 6.49

-19.17
30.56
ROE (%) 14.19
MTH's ROE (%) is ranked higher than
83% of the 875 Companies
in the Global Residential Construction industry.

( Industry Median: 6.21 vs. MTH: 14.19 )
MTH' s 10-Year ROE (%) Range
Min: -46.44   Max: 40.46
Current: 14.19

-46.44
40.46
ROA (%) 6.52
MTH's ROA (%) is ranked higher than
85% of the 931 Companies
in the Global Residential Construction industry.

( Industry Median: 2.37 vs. MTH: 6.52 )
MTH' s 10-Year ROA (%) Range
Min: -18.99   Max: 19.29
Current: 6.52

-18.99
19.29
ROC (Joel Greenblatt) (%) 730.30
MTH's ROC (Joel Greenblatt) (%) is ranked higher than
100% of the 928 Companies
in the Global Residential Construction industry.

( Industry Median: 6.28 vs. MTH: 730.30 )
MTH' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -859.6   Max: 1026.77
Current: 730.3

-859.6
1026.77
Revenue Growth (3Y)(%) 25.50
MTH's Revenue Growth (3Y)(%) is ranked higher than
94% of the 721 Companies
in the Global Residential Construction industry.

( Industry Median: 4.80 vs. MTH: 25.50 )
MTH' s 10-Year Revenue Growth (3Y)(%) Range
Min: -37.7   Max: 404.9
Current: 25.5

-37.7
404.9
EBITDA Growth (3Y)(%) 116.90
MTH's EBITDA Growth (3Y)(%) is ranked higher than
98% of the 540 Companies
in the Global Residential Construction industry.

( Industry Median: 0.10 vs. MTH: 116.90 )
MTH' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 14.8   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

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 (-2.90%)
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%)
Caxton Associates Sold Out
Ken Heebner 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
» 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) 13.70
MTH's P/E(ttm) is ranked higher than
81% of the 1174 Companies
in the Global Residential Construction industry.

( Industry Median: 95.00 vs. MTH: 13.70 )
MTH' s 10-Year P/E(ttm) Range
Min: 3.04   Max: 123.15
Current: 13.7

3.04
123.15
Forward P/E 10.99
MTH's Forward P/E is ranked higher than
93% of the 1174 Companies
in the Global Residential Construction industry.

( Industry Median: 0.00 vs. MTH: 10.99 )
N/A
PE(NRI) 13.80
MTH's PE(NRI) is ranked higher than
81% of the 1174 Companies
in the Global Residential Construction industry.

( Industry Median: 95.00 vs. MTH: 13.80 )
MTH' s 10-Year PE(NRI) Range
Min: 3.04   Max: 124.27
Current: 13.8

3.04
124.27
P/B 1.70
MTH's P/B is ranked higher than
60% of the 1174 Companies
in the Global Residential Construction industry.

( Industry Median: 1.63 vs. MTH: 1.70 )
MTH' s 10-Year P/B Range
Min: 0.28   Max: 3.75
Current: 1.7

0.28
3.75
P/S 0.90
MTH's P/S is ranked higher than
58% of the 1174 Companies
in the Global Residential Construction industry.

( Industry Median: 0.92 vs. MTH: 0.90 )
MTH' s 10-Year P/S Range
Min: 0.09   Max: 1.42
Current: 0.9

0.09
1.42
EV-to-EBIT 13.13
MTH's EV-to-EBIT is ranked higher than
81% of the 1174 Companies
in the Global Residential Construction industry.

( Industry Median: 108.49 vs. MTH: 13.13 )
MTH' s 10-Year EV-to-EBIT Range
Min: -94   Max: 602.5
Current: 13.13

-94
602.5
Shiller P/E 42.20
MTH's Shiller P/E is ranked higher than
85% of the 1174 Companies
in the Global Residential Construction industry.

( Industry Median: 0.00 vs. MTH: 42.20 )
MTH' s 10-Year Shiller P/E Range
Min: 2.4   Max: 141.06
Current: 42.2

2.4
141.06
Current Ratio 0.67
MTH's Current Ratio is ranked lower than
70% of the 630 Companies
in the Global Residential Construction industry.

( Industry Median: 1.79 vs. MTH: 0.67 )
MTH' s 10-Year Current Ratio Range
Min: 0.09   Max: 3.89
Current: 0.67

0.09
3.89
Quick Ratio 0.67
MTH's Quick Ratio is ranked lower than
52% of the 630 Companies
in the Global Residential Construction industry.

( Industry Median: 0.99 vs. MTH: 0.67 )
MTH' s 10-Year Quick Ratio Range
Min: 0.09   Max: 3.89
Current: 0.67

0.09
3.89
Days Sales Outstanding 9.46
MTH's Days Sales Outstanding is ranked higher than
95% of the 1174 Companies
in the Global Residential Construction industry.

( Industry Median: 68.34 vs. MTH: 9.46 )
MTH' s 10-Year Days Sales Outstanding Range
Min: 1.53   Max: 43.43
Current: 9.46

1.53
43.43

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.70
MTH's Price/Tangible Book is ranked higher than
62% of the 1174 Companies
in the Global Residential Construction industry.

( Industry Median: 1.90 vs. MTH: 1.70 )
MTH' s 10-Year Price/Tangible Book Range
Min: 0.53   Max: 3.4
Current: 1.7

0.53
3.4
Price/Median PS Value 1.30
MTH's Price/Median PS Value is ranked higher than
63% of the 1174 Companies
in the Global Residential Construction industry.

( Industry Median: 1.40 vs. MTH: 1.30 )
MTH' s 10-Year Price/Median PS Value Range
Min: 0.24   Max: 20.83
Current: 1.3

0.24
20.83
Price/Peter Lynch Fair Value 3.20
MTH's Price/Peter Lynch Fair Value is ranked higher than
93% of the 1174 Companies
in the Global Residential Construction industry.

( Industry Median: 0.00 vs. MTH: 3.20 )
MTH' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.14   Max: 0.45
Current: 3.2

0.14
0.45
Price/Graham Number 1.00
MTH's Price/Graham Number is ranked higher than
86% of the 1174 Companies
in the Global Residential Construction industry.

( Industry Median: 0.00 vs. MTH: 1.00 )
MTH' s 10-Year Price/Graham Number Range
Min: 0.34   Max: 2.6
Current: 1

0.34
2.6
Earnings Yield (Greenblatt) 7.50
MTH's Earnings Yield (Greenblatt) is ranked higher than
75% of the 911 Companies
in the Global Residential Construction industry.

( Industry Median: 4.70 vs. MTH: 7.50 )
MTH' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.2   Max: 30.9
Current: 7.5

0.2
30.9
Forward Rate of Return (Yacktman) 12.32
MTH's Forward Rate of Return (Yacktman) is ranked higher than
76% of the 317 Companies
in the Global Residential Construction industry.

( Industry Median: 5.52 vs. MTH: 12.32 )
MTH' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -11.4   Max: 36
Current: 12.32

-11.4
36

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
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 
Meritage Homes Corp. Reports Operating Results (10-Q) Aug 04 2010 


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