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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 : 5/10

vs
industry
vs
history
Cash-to-Debt 0.16
NYSE:MTH's Cash-to-Debt is ranked lower than
79% of the 761 Companies
in the Global Residential Construction industry.

( Industry Median: 2.09 vs. NYSE:MTH: 0.16 )
Ranked among companies with meaningful Cash-to-Debt only.
NYSE:MTH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0  Med: 0.12 Max: 0.71
Current: 0.16
0
0.71
Equity-to-Asset 0.47
NYSE:MTH's Equity-to-Asset is ranked higher than
53% of the 718 Companies
in the Global Residential Construction industry.

( Industry Median: 0.45 vs. NYSE:MTH: 0.47 )
Ranked among companies with meaningful Equity-to-Asset only.
NYSE:MTH' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.06  Med: 0.42 Max: 0.95
Current: 0.47
0.06
0.95
Debt-to-Equity 0.91
NYSE:MTH's Debt-to-Equity is ranked lower than
62% of the 432 Companies
in the Global Residential Construction industry.

( Industry Median: 0.61 vs. NYSE:MTH: 0.91 )
Ranked among companies with meaningful Debt-to-Equity only.
NYSE:MTH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37  Med: 0.97 Max: 16.41
Current: 0.91
0.37
16.41
Debt-to-EBITDA 5.45
NYSE:MTH's Debt-to-EBITDA is ranked lower than
67% of the 551 Companies
in the Global Residential Construction industry.

( Industry Median: 3.49 vs. NYSE:MTH: 5.45 )
Ranked among companies with meaningful Debt-to-EBITDA only.
NYSE:MTH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -5.53  Med: 4.63 Max: 35.25
Current: 5.45
-5.53
35.25
Piotroski F-Score: 5
Altman Z-Score: 2.31
Beneish M-Score: -2.96
WACC vs ROIC
5.78%
-12.64%
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 % -15.35
NYSE:MTH's Operating Margin % is ranked lower than
88% of the 746 Companies
in the Global Residential Construction industry.

( Industry Median: 3.42 vs. NYSE:MTH: -15.35 )
Ranked among companies with meaningful Operating Margin % only.
NYSE:MTH' s Operating Margin % Range Over the Past 10 Years
Min: -15.66  Med: 4.37 Max: 10.59
Current: -15.35
-15.66
10.59
Net Margin % 4.97
NYSE:MTH's Net Margin % is ranked higher than
67% of the 747 Companies
in the Global Residential Construction industry.

( Industry Median: 2.49 vs. NYSE:MTH: 4.97 )
Ranked among companies with meaningful Net Margin % only.
NYSE:MTH' s Net Margin % Range Over the Past 10 Years
Min: -19.17  Med: 2.85 Max: 8.73
Current: 4.97
-19.17
8.73
ROE % 10.90
NYSE:MTH's ROE % is ranked higher than
66% of the 703 Companies
in the Global Residential Construction industry.

( Industry Median: 5.82 vs. NYSE:MTH: 10.90 )
Ranked among companies with meaningful ROE % only.
NYSE:MTH' s ROE % Range Over the Past 10 Years
Min: -46.44  Med: 6.16 Max: 17.78
Current: 10.9
-46.44
17.78
ROA % 5.24
NYSE:MTH's ROA % is ranked higher than
71% of the 775 Companies
in the Global Residential Construction industry.

( Industry Median: 2.20 vs. NYSE:MTH: 5.24 )
Ranked among companies with meaningful ROA % only.
NYSE:MTH' s ROA % Range Over the Past 10 Years
Min: -18.99  Med: 2.87 Max: 7.52
Current: 5.24
-18.99
7.52
ROC (Joel Greenblatt) % 698.95
NYSE:MTH's ROC (Joel Greenblatt) % is ranked higher than
99% of the 765 Companies
in the Global Residential Construction industry.

( Industry Median: 9.88 vs. NYSE:MTH: 698.95 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
NYSE:MTH' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1254.76  Med: 217.47 Max: 1019.46
Current: 698.95
-1254.76
1019.46
3-Year Revenue Growth Rate 14.60
NYSE:MTH's 3-Year Revenue Growth Rate is ranked higher than
85% of the 713 Companies
in the Global Residential Construction industry.

( Industry Median: -0.80 vs. NYSE:MTH: 14.60 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NYSE:MTH' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -80.6  Med: 21.1 Max: 407.2
Current: 14.6
-80.6
407.2
3-Year EBITDA Growth Rate 2.40
NYSE:MTH's 3-Year EBITDA Growth Rate is ranked lower than
51% of the 630 Companies
in the Global Residential Construction industry.

( Industry Median: 3.20 vs. NYSE:MTH: 2.40 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
NYSE:MTH' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -77.1  Med: 44.7 Max: 196.6
Current: 2.4
-77.1
196.6
3-Year EPS without NRI Growth Rate 3.00
NYSE:MTH's 3-Year EPS without NRI Growth Rate is ranked lower than
54% of the 580 Companies
in the Global Residential Construction industry.

( Industry Median: 6.40 vs. NYSE:MTH: 3.00 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
NYSE:MTH' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -59.7  Med: 32.7 Max: 227.1
Current: 3
-59.7
227.1
GuruFocus has detected 6 Warning Signs with Meritage Homes Corp NYSE:MTH.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NYSE:MTH's 30-Y Financials

Financials (Next Earnings Date: 2017-10-27)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

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

David Dreman 13,260 sh (+210.61%)
Ken Fisher 1,754,982 sh (-2.92%)
» More
Q1 2017

MTH Guru Trades in Q1 2017

Ruane Cunniff 315,000 sh (New)
David Dreman 13,260 sh (unchged)
Ken Fisher 1,707,572 sh (-2.70%)
» More
Q2 2017

MTH Guru Trades in Q2 2017

Ken Heebner 20,000 sh (New)
Ken Fisher 1,719,947 sh (+0.72%)
Ruane Cunniff 315,000 sh (unchged)
David Dreman 8,420 sh (-36.50%)
» 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
Ken Fisher 2017-06-30 Add 0.72%$36.5 - $42.4 $ 48.4022%1,719,947
Ken Heebner 2017-06-30 New Buy0.04%$36.5 - $42.4 $ 48.4022%20,000
David Dreman 2017-06-30 Reduce -36.50%0.1%$36.5 - $42.4 $ 48.4022%8,420
Ken Fisher 2017-03-31 Reduce -2.70%$33.75 - $38.75 $ 48.4035%1,707,572
Ruane Cunniff 2017-03-31 New Buy0.11%$33.75 - $38.75 $ 48.4035%315,000
Ken Fisher 2016-12-31 Reduce -2.92%$29.95 - $38.95 $ 48.4040%1,754,982
David Dreman 2016-12-31 Add 210.61%0.18%$29.95 - $38.95 $ 48.4040%13,260
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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Business Description

Industry: Homebuilding & Construction » Residential Construction    NAICS: 236115    SIC: 1531
Compare:NYSE:MDC, BSP:CYRE3, OSTO:BONAV A, SZSE:002314, LSE:CRST, TSE:1924, PHS:VLL, NYSE:KBH, LSE:CRN, LSE:BVS, TSE:4681, BSP:MRVE3, LSE:GFRD, NYSE:TPH, NAS:CVCO, OSTO:JM, LSE:MCS, XPAR:LNC, NAS:LGIH, TSE:1762 » details
Traded in other countries:MEY.Germany,
Headquarter Location:USA
Meritage Homes Corp has its presence in the homebuilding industry. It designs and builds single-family attached and detached homes.

Meritage Homes Corp is an American residential construction company that primarily builds single-family and active adult housing communities across the western, southern, and southeastern parts of the United States. Meritage Homes has a homebuilding presence in over 25 metro markets and has expanded its presence in Texas, Florida, Georgia, and the Carolinas. The company is considered one of the industry's leading energy-efficient homebuilders. Meritage completes approximately 6,000 home orders annually, and the majority of its revenue is derived from move-up single-family homes, followed by active adult housing communities.

Ratios

vs
industry
vs
history
PE Ratio 13.30
MTH's PE Ratio is ranked higher than
64% of the 537 Companies
in the Global Residential Construction industry.

( Industry Median: 15.71 vs. MTH: 13.30 )
Ranked among companies with meaningful PE Ratio only.
MTH' s PE Ratio Range Over the Past 10 Years
Min: 4.92  Med: 11.41 Max: 124.27
Current: 13.3
4.92
124.27
Forward PE Ratio 11.31
MTH's Forward PE Ratio is ranked higher than
51% of the 43 Companies
in the Global Residential Construction industry.

( Industry Median: 10.37 vs. MTH: 11.31 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 13.30
MTH's PE Ratio without NRI is ranked higher than
63% of the 539 Companies
in the Global Residential Construction industry.

( Industry Median: 15.63 vs. MTH: 13.30 )
Ranked among companies with meaningful PE Ratio without NRI only.
MTH' s PE Ratio without NRI Range Over the Past 10 Years
Min: 4.92  Med: 11.41 Max: 124.27
Current: 13.3
4.92
124.27
PB Ratio 1.31
MTH's PB Ratio is ranked lower than
51% of the 694 Companies
in the Global Residential Construction industry.

( Industry Median: 1.18 vs. MTH: 1.31 )
Ranked among companies with meaningful PB Ratio only.
MTH' s PB Ratio Range Over the Past 10 Years
Min: 0.28  Med: 1.33 Max: 2.62
Current: 1.31
0.28
2.62
PS Ratio 0.67
MTH's PS Ratio is ranked higher than
57% of the 732 Companies
in the Global Residential Construction industry.

( Industry Median: 0.78 vs. MTH: 0.67 )
Ranked among companies with meaningful PS Ratio only.
MTH' s PS Ratio Range Over the Past 10 Years
Min: 0.09  Med: 0.63 Max: 1.41
Current: 0.67
0.09
1.41
EV-to-EBIT 13.28
MTH's EV-to-EBIT is ranked higher than
50% of the 592 Companies
in the Global Residential Construction industry.

( Industry Median: 12.58 vs. MTH: 13.28 )
Ranked among companies with meaningful EV-to-EBIT only.
MTH' s EV-to-EBIT Range Over the Past 10 Years
Min: -152.1  Med: 11.4 Max: 136.4
Current: 13.28
-152.1
136.4
EV-to-EBITDA 12.42
MTH's EV-to-EBITDA is ranked lower than
57% of the 621 Companies
in the Global Residential Construction industry.

( Industry Median: 10.05 vs. MTH: 12.42 )
Ranked among companies with meaningful EV-to-EBITDA only.
MTH' s EV-to-EBITDA Range Over the Past 10 Years
Min: -52  Med: 10.9 Max: 335.6
Current: 12.42
-52
335.6
EV-to-Revenue 1.00
MTH's EV-to-Revenue is ranked higher than
54% of the 738 Companies
in the Global Residential Construction industry.

( Industry Median: 1.04 vs. MTH: 1.00 )
Ranked among companies with meaningful EV-to-Revenue only.
MTH' s EV-to-Revenue Range Over the Past 10 Years
Min: 0.4  Med: 0.9 Max: 1.8
Current: 1
0.4
1.8
PEG Ratio 0.25
MTH's PEG Ratio is ranked higher than
88% of the 264 Companies
in the Global Residential Construction industry.

( Industry Median: 1.17 vs. MTH: 0.25 )
Ranked among companies with meaningful PEG Ratio only.
MTH' s PEG Ratio Range Over the Past 10 Years
Min: 0.13  Med: 0.17 Max: 2.43
Current: 0.25
0.13
2.43
Current Ratio 1.19
MTH's Current Ratio is ranked lower than
74% of the 514 Companies
in the Global Residential Construction industry.

( Industry Median: 1.66 vs. MTH: 1.19 )
Ranked among companies with meaningful Current Ratio only.
MTH' s Current Ratio Range Over the Past 10 Years
Min: 0.05  Med: 0.54 Max: 3.89
Current: 1.19
0.05
3.89
Quick Ratio 1.19
MTH's Quick Ratio is ranked higher than
58% of the 514 Companies
in the Global Residential Construction industry.

( Industry Median: 0.97 vs. MTH: 1.19 )
Ranked among companies with meaningful Quick Ratio only.
MTH' s Quick Ratio Range Over the Past 10 Years
Min: 0.05  Med: 0.54 Max: 3.89
Current: 1.19
0.05
3.89
Days Sales Outstanding 8.62
MTH's Days Sales Outstanding is ranked higher than
91% of the 635 Companies
in the Global Residential Construction industry.

( Industry Median: 49.38 vs. MTH: 8.62 )
Ranked among companies with meaningful Days Sales Outstanding only.
MTH' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6.15  Med: 8.11 Max: 43.43
Current: 8.62
6.15
43.43
Days Payable 15.81
MTH's Days Payable is ranked lower than
82% of the 600 Companies
in the Global Residential Construction industry.

( Industry Median: 43.11 vs. MTH: 15.81 )
Ranked among companies with meaningful Days Payable only.
MTH' s Days Payable Range Over the Past 10 Years
Min: 7.41  Med: 17.6 Max: 20.51
Current: 15.81
7.41
20.51

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -3.40
MTH's 3-Year Average Share Buyback Ratio is ranked lower than
59% of the 324 Companies
in the Global Residential Construction industry.

( Industry Median: -0.90 vs. MTH: -3.40 )
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: -44.1  Med: -3.8 Max: 18.2
Current: -3.4
-44.1
18.2

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.31
MTH's Price-to-Tangible-Book is ranked higher than
50% of the 686 Companies
in the Global Residential Construction industry.

( Industry Median: 1.20 vs. MTH: 1.31 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
MTH' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.31  Med: 1.38 Max: 3.79
Current: 1.31
0.31
3.79
Price-to-Median-PS-Value 1.07
MTH's Price-to-Median-PS-Value is ranked higher than
69% of the 684 Companies
in the Global Residential Construction industry.

( Industry Median: 1.21 vs. MTH: 1.07 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
MTH' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.23  Med: 0.97 Max: 28.14
Current: 1.07
0.23
28.14
Price-to-Peter-Lynch-Fair-Value 0.53
MTH's Price-to-Peter-Lynch-Fair-Value is ranked higher than
77% of the 159 Companies
in the Global Residential Construction industry.

( Industry Median: 0.85 vs. MTH: 0.53 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
MTH' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.1  Med: 0.32 Max: 1.89
Current: 0.53
0.1
1.89
Price-to-Graham-Number 0.88
MTH's Price-to-Graham-Number is ranked higher than
66% of the 364 Companies
in the Global Residential Construction industry.

( Industry Median: 1.03 vs. MTH: 0.88 )
Ranked among companies with meaningful Price-to-Graham-Number only.
MTH' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.26  Med: 0.77 Max: 4.02
Current: 0.88
0.26
4.02
Earnings Yield (Greenblatt) % 7.53
MTH's Earnings Yield (Greenblatt) % is ranked higher than
61% of the 770 Companies
in the Global Residential Construction industry.

( Industry Median: 5.50 vs. MTH: 7.53 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
MTH' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -58.4  Med: 2.8 Max: 18.8
Current: 7.53
-58.4
18.8
Forward Rate of Return (Yacktman) % 29.67
MTH's Forward Rate of Return (Yacktman) % is ranked higher than
82% of the 337 Companies
in the Global Residential Construction industry.

( Industry Median: 9.32 vs. MTH: 29.67 )
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: 29.67
-11.4
88

More Statistics

Revenue (TTM) (Mil) $3,095.75
EPS (TTM) $ 3.64
Beta1.10
Short Percentage of Float10.32%
52-Week Range $29.70 - 48.70
Shares Outstanding (Mil)40.32

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 3,231 3,374 3,689
EPS ($) 3.61 4.28 4.92
EPS without NRI ($) 3.61 4.28 4.92
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)

Piotroski F-Score Details

Piotroski F-Score: 55
Positive ROAY
Positive CFROAN
Higher ROA yoyY
CFROA > ROAN
Lower Leverage yoyN
Higher Current Ratio yoyY
Less Shares Outstanding yoyN
Higher Gross Margin yoyY
Higher Asset Turnover yoyY

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