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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 0.37
MTH's Cash to Debt is ranked lower than
55% of the 457 Companies
in the Global Residential Construction industry.

( Industry Median: 1.13 vs. MTH: 0.37 )
MTH' s 10-Year Cash to Debt Range
Min: 0   Max: No Debt
Current: 0.37

Equity to Asset 0.46
MTH's Equity to Asset is ranked higher than
54% of the 451 Companies
in the Global Residential Construction industry.

( Industry Median: 0.51 vs. MTH: 0.46 )
MTH' s 10-Year Equity to Asset Range
Min: 0.34   Max: 0.95
Current: 0.46

0.34
0.95
Interest Coverage 12.86
MTH's Interest Coverage is ranked higher than
55% of the 260 Companies
in the Global Residential Construction industry.

( Industry Median: 35.41 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: 2.38
M-Score: -0.73
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 (%) 10.59
MTH's Operating margin (%) is ranked higher than
83% of the 423 Companies
in the Global Residential Construction industry.

( Industry Median: 5.02 vs. MTH: 10.59 )
MTH' s 10-Year Operating margin (%) Range
Min: -15.66   Max: 55.56
Current: 10.59

-15.66
55.56
Net-margin (%) 6.79
MTH's Net-margin (%) is ranked higher than
79% of the 423 Companies
in the Global Residential Construction industry.

( Industry Median: 3.79 vs. MTH: 6.79 )
MTH' s 10-Year Net-margin (%) Range
Min: -19.17   Max: 30.56
Current: 6.79

-19.17
30.56
ROE (%) 14.79
MTH's ROE (%) is ranked higher than
90% of the 419 Companies
in the Global Residential Construction industry.

( Industry Median: 5.10 vs. MTH: 14.79 )
MTH' s 10-Year ROE (%) Range
Min: -55.37   Max: 33.21
Current: 14.79

-55.37
33.21
ROA (%) 6.21
MTH's ROA (%) is ranked higher than
86% of the 424 Companies
in the Global Residential Construction industry.

( Industry Median: 2.53 vs. MTH: 6.21 )
MTH' s 10-Year ROA (%) Range
Min: -22.01   Max: 15.77
Current: 6.21

-22.01
15.77
ROC (Joel Greenblatt) (%) 878.53
MTH's ROC (Joel Greenblatt) (%) is ranked higher than
99% of the 424 Companies
in the Global Residential Construction industry.

( Industry Median: 8.75 vs. MTH: 878.53 )
MTH' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -972.4   Max: 1164.21
Current: 878.53

-972.4
1164.21
Revenue Growth (%) 17.50
MTH's Revenue Growth (%) is ranked higher than
89% of the 343 Companies
in the Global Residential Construction industry.

( Industry Median: 4.60 vs. MTH: 17.50 )
MTH' s 10-Year Revenue Growth (%) Range
Min: -37.7   Max: 388.6
Current: 17.5

-37.7
388.6
EBITDA Growth (%) 56.20
MTH's EBITDA Growth (%) is ranked higher than
96% of the 286 Companies
in the Global Residential Construction industry.

( Industry Median: 3.50 vs. MTH: 56.20 )
MTH' s 10-Year EBITDA Growth (%) Range
Min: 14.8   Max: 198.5
Current: 56.2

14.8
198.5
EPS Growth (%) 144.40
MTH's EPS Growth (%) is ranked higher than
98% of the 253 Companies
in the Global Residential Construction industry.

( Industry Median: 11.90 vs. MTH: 144.40 )
MTH' s 10-Year EPS Growth (%) 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

Q3 2013

MTH Guru Trades in Q3 2013

Ken Fisher 1,091,720 sh (New)
Chuck Royce 125,000 sh (New)
Paul Tudor Jones 12,300 sh (+8.85%)
Ken Heebner 345,000 sh (unchged)
John Keeley Sold Out
Jim Simons Sold Out
Steven Cohen Sold Out
Arnold Schneider 705,107 sh (-6.62%)
» More
Q4 2013

MTH Guru Trades in Q4 2013

Jim Simons 20,600 sh (New)
Steven Cohen 50,650 sh (New)
David Dreman 906 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

Ken Fisher 1,045,250 sh (-2.09%)
» 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
Scott Black 2014-03-31 New Buy1.1%$40.44 - $49.33 $ 38.3-16%251652
David Dreman 2013-12-31 New Buy$39.83 - $47.51 $ 38.3-12%906
John Keeley 2013-09-30 Sold Out 0.51%$38.92 - $47.01 $ 38.3-11%0
John Keeley 2012-12-31 Add 104.84%0.24%$33.38 - $41.75 $ 38.32%550000
John Keeley 2012-09-30 New Buy0.23%$33.19 - $42.25 $ 38.34%268500
George Soros 2011-06-30 Sold Out $21.06 - $26.05 $ 38.364%0
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 11.00
MTH's P/E(ttm) is ranked higher than
83% of the 486 Companies
in the Global Residential Construction industry.

( Industry Median: 24.00 vs. MTH: 11.00 )
MTH' s 10-Year P/E(ttm) Range
Min: 3.04   Max: 123.15
Current: 11

3.04
123.15
P/B 1.50
MTH's P/B is ranked higher than
53% of the 486 Companies
in the Global Residential Construction industry.

( Industry Median: 1.35 vs. MTH: 1.50 )
MTH' s 10-Year P/B Range
Min: 0.28   Max: 3.75
Current: 1.5

0.28
3.75
P/S 0.79
MTH's P/S is ranked higher than
64% of the 486 Companies
in the Global Residential Construction industry.

( Industry Median: 0.94 vs. MTH: 0.79 )
MTH' s 10-Year P/S Range
Min: 0.09   Max: 1.42
Current: 0.79

0.09
1.42
EV-to-EBIT 9.78
MTH's EV-to-EBIT is ranked higher than
83% of the 486 Companies
in the Global Residential Construction industry.

( Industry Median: 21.76 vs. MTH: 9.78 )
MTH' s 10-Year EV-to-EBIT Range
Min: 3.2   Max: 602.5
Current: 9.78

3.2
602.5
Current Ratio 1.80
MTH's Current Ratio is ranked higher than
61% of the 454 Companies
in the Global Residential Construction industry.

( Industry Median: 1.89 vs. MTH: 1.80 )
MTH' s 10-Year Current Ratio Range
Min: 0.05   Max: 3.89
Current: 1.8

0.05
3.89
Quick Ratio 1.80
MTH's Quick Ratio is ranked higher than
79% of the 454 Companies
in the Global Residential Construction industry.

( Industry Median: 1.05 vs. MTH: 1.80 )
MTH' s 10-Year Quick Ratio Range
Min: 0.05   Max: 3.89
Current: 1.8

0.05
3.89

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.50
MTH's Price/Tangible Book is ranked higher than
54% of the 486 Companies
in the Global Residential Construction industry.

( Industry Median: 1.48 vs. MTH: 1.50 )
MTH' s 10-Year Price/Tangible Book Range
Min: 0.4   Max: 7.03
Current: 1.5

0.4
7.03
Price/DCF (Projected) 3.80
MTH's Price/DCF (Projected) is ranked higher than
79% of the 486 Companies
in the Global Residential Construction industry.

( Industry Median: 9999.00 vs. MTH: 3.80 )
MTH' s 10-Year Price/DCF (Projected) Range
Min: 0.39   Max: 55.76
Current: 3.8

0.39
55.76
Price/Median PS Value 1.30
MTH's Price/Median PS Value is ranked higher than
53% of the 486 Companies
in the Global Residential Construction industry.

( Industry Median: 1.20 vs. MTH: 1.30 )
MTH' s 10-Year Price/Median PS Value Range
Min: 0.23   Max: 24.61
Current: 1.3

0.23
24.61
Price/Graham Number 0.90
MTH's Price/Graham Number is ranked higher than
74% of the 486 Companies
in the Global Residential Construction industry.

( Industry Median: 1.32 vs. MTH: 0.90 )
MTH' s 10-Year Price/Graham Number Range
Min: 0.27   Max: 6.25
Current: 0.9

0.27
6.25
Earnings Yield (Greenblatt) 10.10
MTH's Earnings Yield (Greenblatt) is ranked higher than
76% of the 400 Companies
in the Global Residential Construction industry.

( Industry Median: 7.20 vs. MTH: 10.10 )
MTH' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.2   Max: 30.9
Current: 10.1

0.2
30.9
Forward Rate of Return (Yacktman) 1.80
MTH's Forward Rate of Return (Yacktman) is ranked higher than
66% of the 291 Companies
in the Global Residential Construction industry.

( Industry Median: 2.17 vs. MTH: 1.80 )
MTH' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 1.8   Max: 47.4
Current: 1.8

1.8
47.4

Business Description

Industry: Homebuilding & Construction » Residential Construction
Compare:MDC, TOL, DWAHY, DITFY, PHM » details
Traded in other countries:MEY.Germany
Meritage Homes Corporation was incorporated in 1988 as a real estate investment trust in the State of Maryland. Through its successors, it commenced homebuilding operations in 1985. 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. The Company's project managers and field superintendents coordinate and supervise the activities of subcontractors and suppliers, subject the development and construction work to quality and cost controls, and monitor compliance with zoning and building codes. At December 31, 2011, it was actively selling homes in 157 communities, with base prices ranging from approximately $103,000 to $673,000. The housing industry is highly competitive. 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.
» 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 

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More From Other Websites
MERITAGE HOMES CORP Files SEC form 10-Q, Quarterly Report Jul 31 2014
Why the housing market is ripe for a multi-year recovery Jul 30 2014
Meritage Homes Down Despite Q2 Earnings Beat, Soft Outlook Jul 25 2014
How one bull is staying in Meritage Jul 25 2014
New-Home Sales Tank In Reminder Of Housing Obstacles Jul 24 2014
Weak New-Homes Sales Add To Mixed Builder Earnings Jul 24 2014
Meritage Homes Reports Results for the Second Quarter of 2014 Jul 24 2014
MERITAGE HOMES CORP Files SEC form 8-K, Results of Operations and Financial Condition Jul 24 2014
Meritage Homes Reports Results for the Second Quarter of 2014 Jul 24 2014
Q2 2014 Meritage Earnings Release - Before Market Open Jul 24 2014
Homebuilders Seen Cementing Gains Amid Iffy Housing Jul 23 2014
Mortgage Activity Up As Homebuilder Earnings Loom Jul 23 2014
Economic News Today: Mortgage Demand To Buy Homes Up Jul 23 2014
3 Homebuilder Stocks To Watch Ahead of Earnings Jul 23 2014
Stocks Rise; Apple, Microsoft Steady In Post-Session Jul 22 2014
MERITAGE HOMES CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial... Jul 14 2014
Meritage Homes - Fair Deal With Legendary, Little Appeal Going Forwards Jul 11 2014
Meritage Homes Names James Thrower Region President of Its Newly Formed South Region Jul 11 2014
Meritage Homes Names James Thrower Region President of Its Newly Formed South Region Jul 11 2014
Meritage Homes to Acquire Legendary Communities, Expanding Its Southeast Operations Jul 10 2014

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