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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 : 6/10

vs
industry
vs
history
Cash to Debt 0.10
MTH's Cash to Debt is ranked lower than
69% of the 733 Companies
in the Global Residential Construction industry.

( Industry Median: 0.42 vs. MTH: 0.10 )
Ranked among companies with meaningful Cash to Debt only.
MTH' s Cash to Debt Range Over the Past 10 Years
Min: 0  Med: 0.12 Max: 0.71
Current: 0.1
0
0.71
Equity to Asset 0.48
MTH's Equity to Asset is ranked higher than
54% of the 694 Companies
in the Global Residential Construction industry.

( Industry Median: 0.45 vs. MTH: 0.48 )
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: 0.55
Current: 0.48
0.34
0.55
Interest Coverage 24.12
MTH's Interest Coverage is ranked higher than
51% of the 586 Companies
in the Global Residential Construction industry.

( Industry Median: 22.30 vs. MTH: 24.12 )
Ranked among companies with meaningful Interest Coverage only.
MTH' s Interest Coverage Range Over the Past 10 Years
Min: 0.28  Med: 12.86 Max: N/A
Current: 24.12
F-Score: 4
Z-Score: 2.18
M-Score: -1.77
WACC vs ROIC
7.06%
6.82%
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 (%) 7.46
MTH's Operating margin (%) is ranked higher than
68% of the 735 Companies
in the Global Residential Construction industry.

( Industry Median: 3.55 vs. MTH: 7.46 )
Ranked among companies with meaningful Operating margin (%) only.
MTH' s Operating margin (%) Range Over the Past 10 Years
Min: -15.66  Med: 4.37 Max: 10.59
Current: 7.46
-15.66
10.59
Net-margin (%) 5.10
MTH's Net-margin (%) is ranked higher than
68% of the 736 Companies
in the Global Residential Construction industry.

( Industry Median: 2.21 vs. MTH: 5.10 )
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: 8.73
Current: 5.1
-19.17
8.73
ROE (%) 11.69
MTH's ROE (%) is ranked higher than
70% of the 682 Companies
in the Global Residential Construction industry.

( Industry Median: 5.70 vs. MTH: 11.69 )
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: 11.69
-46.44
24.26
ROA (%) 5.50
MTH's ROA (%) is ranked higher than
72% of the 755 Companies
in the Global Residential Construction industry.

( Industry Median: 2.24 vs. MTH: 5.50 )
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: 5.5
-18.99
10.88
ROC (Joel Greenblatt) (%) 663.91
MTH's ROC (Joel Greenblatt) (%) is ranked higher than
99% of the 745 Companies
in the Global Residential Construction industry.

( Industry Median: 9.66 vs. MTH: 663.91 )
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: 663.91
-1254.76
1019.46
Revenue Growth (3Y)(%) 21.50
MTH's Revenue Growth (3Y)(%) is ranked higher than
92% of the 654 Companies
in the Global Residential Construction industry.

( Industry Median: 0.40 vs. MTH: 21.50 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
MTH' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -37.7  Med: 25.2 Max: 404.9
Current: 21.5
-37.7
404.9
EBITDA Growth (3Y)(%) 44.10
MTH's EBITDA Growth (3Y)(%) is ranked higher than
85% of the 523 Companies
in the Global Residential Construction industry.

( Industry Median: 9.10 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: 14.8  Med: 51.8 Max: 143.3
Current: 44.1
14.8
143.3
EPS Growth (3Y)(%) 1.00
MTH's EPS Growth (3Y)(%) is ranked lower than
57% of the 488 Companies
in the Global Residential Construction industry.

( Industry Median: 6.00 vs. MTH: 1.00 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
MTH' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -59.7  Med: 32.7 Max: 224.4
Current: 1
-59.7
224.4
GuruFocus has detected 1 Warning Sign with Meritage Homes Corp $MTH.
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» MTH's 10-Y Financials

Financials (Next Earnings Date: 2017-02-01)


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

» Details

Guru Trades

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
Q2 2016

MTH Guru Trades in Q2 2016

David Dreman 4,269 sh (+5.77%)
Ken Fisher 1,781,541 sh (+3.84%)
Paul Tudor Jones 18,300 sh (unchged)
Paul Tudor Jones 15,200 sh (unchged)
Jim Simons Sold Out
Joel Greenblatt Sold Out
» More
Q3 2016

MTH Guru Trades in Q3 2016

Ken Fisher 1,807,853 sh (+1.48%)
David Dreman 4,269 sh (unchged)
» More
Q4 2016

MTH Guru Trades in Q4 2016

Ken Fisher 1,754,982 sh (-2.92%)
» 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    NAICS: 236115    SIC: 1531
Compare:OTCPK:CYRBY, NYSE:KBH, NYSE:MDC, OTCPK:MRVNY, NYSE:TPH, NAS:CVCO, NAS:LGIH, NYSE:MHO, NYSE:WCIC, NYSE:WLH, NYSE:CCS, NYSE:TMHC, NYSE:BZH, OTCPK:CNRFF, NAS:AVHI, NYSE:HOV, NYSE:GFA, NYSE:NWHM, AMEX:SKY, NYSE:UCP » 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 is a designer and builder of single-family detached homes. It builds in historically growth regions of the United States and offers a variety of homes that are designed to appeal to homebuyers, including first-time, move-up, active adult and luxury. It has homebuilding operations in three regions: West, Central and East, which are comprised of nine states: Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee. These three regions are the Company's principal homebuilding operating segments. It also operates a wholly-owned title company, Carefree Title Agency, Inc whose business includes title insurance and closing/settlement services it offers to the Company's homebuyers. The Company's homebuilding and marketing activities are conducted under the name of Meritage Homes in each of its homebuilding markets, other than Tennessee, where it currently operates under the name of Phillips Builders, and in the Greenville market where it currently operates under the Legendary Communities brand for all communities open for sales as of the date of its acquisition and as Meritage Homes for all subsequently opened Greenville communities. It also operates under the name Monterey Homes in some markets. At December 31, 2015, it was actively selling homes in 254 communities, with base prices ranging from $132,000 to $1,360,000. The Company operates with two principal business segments: homebuilding and financial services. It has nine homebuilding operating segments. The homebuilding segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services. The reportable homebuilding segments are - West - Arizona, California and Colorado; Central -: Texas; and East - Florida, Georgia, North Carolina, South Carolina and Tennessee. The Company competes for sales in each of its markets with national, regional and local developers and homebuilders, as well as existing resale homes, foreclosures, and to a lesser extent, condominiums and rental housing.

Ratios

vs
industry
vs
history
P/E(ttm) 9.56
MTH's P/E(ttm) is ranked higher than
69% of the 500 Companies
in the Global Residential Construction industry.

( Industry Median: 14.71 vs. MTH: 9.56 )
Ranked among companies with meaningful P/E(ttm) only.
MTH' s P/E(ttm) Range Over the Past 10 Years
Min: 3.04  Med: 11.27 Max: 124.27
Current: 9.56
3.04
124.27
Forward P/E 8.71
MTH's Forward P/E is ranked higher than
64% of the 45 Companies
in the Global Residential Construction industry.

( Industry Median: 9.44 vs. MTH: 8.71 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 9.56
MTH's PE(NRI) is ranked higher than
69% of the 501 Companies
in the Global Residential Construction industry.

( Industry Median: 14.66 vs. MTH: 9.56 )
Ranked among companies with meaningful PE(NRI) only.
MTH' s PE(NRI) Range Over the Past 10 Years
Min: 3.04  Med: 11.27 Max: 124.27
Current: 9.56
3.04
124.27
P/B 1.01
MTH's P/B is ranked higher than
53% of the 666 Companies
in the Global Residential Construction industry.

( Industry Median: 1.08 vs. MTH: 1.01 )
Ranked among companies with meaningful P/B only.
MTH' s P/B Range Over the Past 10 Years
Min: 0.28  Med: 1.38 Max: 2.62
Current: 1.01
0.28
2.62
P/S 0.52
MTH's P/S is ranked higher than
60% of the 722 Companies
in the Global Residential Construction industry.

( Industry Median: 0.70 vs. MTH: 0.52 )
Ranked among companies with meaningful P/S only.
MTH' s P/S Range Over the Past 10 Years
Min: 0.09  Med: 0.61 Max: 1.38
Current: 0.52
0.09
1.38
EV-to-EBIT 10.60
MTH's EV-to-EBIT is ranked higher than
59% of the 546 Companies
in the Global Residential Construction industry.

( Industry Median: 13.07 vs. MTH: 10.60 )
Ranked among companies with meaningful EV-to-EBIT only.
MTH' s EV-to-EBIT Range Over the Past 10 Years
Min: -152.1  Med: 11 Max: 136.4
Current: 10.6
-152.1
136.4
EV-to-EBITDA 9.92
MTH's EV-to-EBITDA is ranked higher than
50% of the 591 Companies
in the Global Residential Construction industry.

( Industry Median: 10.11 vs. MTH: 9.92 )
Ranked among companies with meaningful EV-to-EBITDA only.
MTH' s EV-to-EBITDA Range Over the Past 10 Years
Min: -52  Med: 10.5 Max: 335.6
Current: 9.92
-52
335.6
PEG 0.19
MTH's PEG is ranked higher than
90% of the 227 Companies
in the Global Residential Construction industry.

( Industry Median: 1.06 vs. MTH: 0.19 )
Ranked among companies with meaningful PEG only.
MTH' s PEG Range Over the Past 10 Years
Min: 0.1  Med: 0.16 Max: 2.46
Current: 0.19
0.1
2.46
Current Ratio 0.56
MTH's Current Ratio is ranked lower than
90% of the 723 Companies
in the Global Residential Construction industry.

( Industry Median: 1.62 vs. MTH: 0.56 )
Ranked among companies with meaningful Current Ratio only.
MTH' s Current Ratio Range Over the Past 10 Years
Min: 0.05  Med: 0.49 Max: 3.89
Current: 0.56
0.05
3.89
Quick Ratio 0.56
MTH's Quick Ratio is ranked lower than
72% of the 723 Companies
in the Global Residential Construction industry.

( Industry Median: 0.93 vs. MTH: 0.56 )
Ranked among companies with meaningful Quick Ratio only.
MTH' s Quick Ratio Range Over the Past 10 Years
Min: 0.05  Med: 0.49 Max: 3.89
Current: 0.56
0.05
3.89
Days Sales Outstanding 9.44
MTH's Days Sales Outstanding is ranked higher than
91% of the 598 Companies
in the Global Residential Construction industry.

( Industry Median: 47.03 vs. MTH: 9.44 )
Ranked among companies with meaningful Days Sales Outstanding only.
MTH' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.15  Med: 7.92 Max: 43.43
Current: 9.44
6.15
43.43
Days Payable 22.47
MTH's Days Payable is ranked lower than
73% of the 562 Companies
in the Global Residential Construction industry.

( Industry Median: 40.06 vs. MTH: 22.47 )
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: 22.47
Current: 22.47
7.41
22.47

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -3.70
MTH's 3-Year Average Share Buyback Ratio is ranked lower than
59% of the 256 Companies
in the Global Residential Construction industry.

( Industry Median: -1.70 vs. MTH: -3.70 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
MTH' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -8.8  Med: -4.1 Max: 0.6
Current: -3.7
-8.8
0.6

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.01
MTH's Price/Tangible Book is ranked higher than
54% of the 659 Companies
in the Global Residential Construction industry.

( Industry Median: 1.10 vs. MTH: 1.01 )
Ranked among companies with meaningful Price/Tangible Book only.
MTH' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.47  Med: 1.57 Max: 3.79
Current: 1.01
0.47
3.79
Price/Median PS Value 0.81
MTH's Price/Median PS Value is ranked higher than
82% of the 661 Companies
in the Global Residential Construction industry.

( Industry Median: 1.23 vs. MTH: 0.81 )
Ranked among companies with meaningful Price/Median PS Value only.
MTH' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.24  Med: 0.91 Max: 20.89
Current: 0.81
0.24
20.89
Price/Peter Lynch Fair Value 0.38
MTH's Price/Peter Lynch Fair Value is ranked higher than
79% of the 115 Companies
in the Global Residential Construction industry.

( Industry Median: 0.84 vs. MTH: 0.38 )
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: 0.3 Max: 1.91
Current: 0.38
0.1
1.91
Price/Graham Number 0.66
MTH's Price/Graham Number is ranked higher than
72% of the 469 Companies
in the Global Residential Construction industry.

( Industry Median: 0.90 vs. MTH: 0.66 )
Ranked among companies with meaningful Price/Graham Number only.
MTH' s Price/Graham Number Range Over the Past 10 Years
Min: 0.27  Med: 0.8 Max: 2.53
Current: 0.66
0.27
2.53
Earnings Yield (Greenblatt) (%) 9.49
MTH's Earnings Yield (Greenblatt) (%) is ranked higher than
70% of the 746 Companies
in the Global Residential Construction industry.

( Industry Median: 5.40 vs. MTH: 9.49 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
MTH' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.7  Med: 7.5 Max: 30.9
Current: 9.49
0.7
30.9
Forward Rate of Return (Yacktman) (%) 53.93
MTH's Forward Rate of Return (Yacktman) (%) is ranked higher than
95% of the 279 Companies
in the Global Residential Construction industry.

( Industry Median: 8.21 vs. MTH: 53.93 )
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: 10.7 Max: 88
Current: 53.93
-11.4
88

More Statistics

Revenue (TTM) (Mil) $2,952
EPS (TTM) $ 3.59
Beta1.21
Short Percentage of Float11.15%
52-Week Range $25.48 - 41.22
Shares Outstanding (Mil)40.02

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 3,035 3,113 3,363
EPS ($) 3.17 4.05 4.90
EPS w/o NRI ($) 3.17 4.05 4.90
EPS Growth Rate
(3Y to 5Y Estimate)
N/A
Dividends Per Share ($)
» More Articles for 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 Corp. – Value Analysis (NYSE:MTH) : January 10, 2017 Jan 10 2017
Meritage Homes Corp. breached its 50 day moving average in a Bearish Manner : MTH-US : January 9,... Jan 09 2017
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Meritage Homes Fourth Quarter 2016 Earnings Release and Webcast Conference Call Scheduled for... Dec 28 2016
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MERITAGE HOMES CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a... Dec 23 2016
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ETFs with exposure to Meritage Homes Corp. : November 30, 2016 Nov 30 2016
Meritage Homes Corp. :MTH-US: Earnings Analysis: Q3, 2016 By the Numbers : November 17, 2016 Nov 17 2016
ETFs with exposure to Meritage Homes Corp. : November 15, 2016 Nov 15 2016
Meritage Homes Corp. breached its 50 day moving average in a Bullish Manner : MTH-US : November 14,... Nov 14 2016
MERITAGE HOMES CORP Financials Nov 03 2016
MERITAGE HOMES CORP Files SEC form 10-Q, Quarterly Report Oct 28 2016
Edited Transcript of MTH earnings conference call or presentation 27-Oct-16 4:30pm GMT Oct 28 2016
MERITAGE HOMES CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Oct 27 2016
Meritage Homes reports third quarter 2016 diluted EPS of $0.88 on a 22% increase in net earnings,... Oct 27 2016

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