Business Description
Meritage Homes Corp
NAICS : 236115
SIC : 1531
8800 East Raintree Drive, Suite 300, Scottsdale, AZ, USA, 85260
Description
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.
Financial Strength
8/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Cash-To-Debt | 0.23 | |||||
| Equity-to-Asset | 0.64 | |||||
| Debt-to-Equity | 0.35 | |||||
| Debt-to-EBITDA | 0.97 | |||||
| Interest Coverage | 6193.03 | |||||
| Piotroski F-Score | 5/9 | |||||
| Altman Z-Score | 4.61 | |||||
| Beneish M-Score | -1.54 | |||||
| WACC vs ROIC | ||||||
Growth Rank
10/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 3-Year Revenue Growth Rate | 15.7 | |||||
| 3-Year EBITDA Growth Rate | 49.8 | |||||
| 3-Year EPS without NRI Growth Rate | 51.2 | |||||
| 3-Year Book Growth Rate | 21.7 | |||||
| Future 3-5Y Total Revenue Growth Rate Industry Rank | 2.44 |
Momentum Rank
10/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 5-Day RSI | 45.23 | |||||
| 9-Day RSI | 51.83 | |||||
| 14-Day RSI | 54.68 | |||||
| 6-1 Month Momentum % | -13.98 | |||||
| 12-1 Month Momentum % | -26.75 |
Liquidity Ratio
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Current Ratio | 7.73 | |||||
| Quick Ratio | 1.09 | |||||
| Cash Ratio | 0.4 | |||||
| Days Inventory | 363.8 | |||||
| Days Payable | 24.17 |
Dividend & Buy Back
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 3-Year Average Share Buyback Ratio | 0.6 |
Profitability Rank
9/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Gross Margin % | 30.19 | |||||
| Operating Margin % | 21.68 | |||||
| Net Margin % | 16.51 | |||||
| ROE % | 30.03 | |||||
| ROA % | 18.82 | |||||
| ROIC % | 24.14 | |||||
| ROC (Joel Greenblatt) % | 34.48 | |||||
| ROCE % | 28.14 | |||||
| Years of Profitability over Past 10-Year | 10 |
GF Value Rank
10/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| PE Ratio | 3.6 | |||||
| Forward PE Ratio | 3.43 | |||||
| PE Ratio without NRI | 3.6 | |||||
| Shiller PE Ratio | 10.39 | |||||
| PEG Ratio | 0.11 | |||||
| PS Ratio | 0.6 | |||||
| PB Ratio | 0.95 | |||||
| Price-to-Tangible-Book | 0.93 | |||||
| EV-to-EBIT | 3.43 | |||||
| EV-to-Forward-EBIT | 2.94 | |||||
| EV-to-EBITDA | 3.36 | |||||
| EV-to-Forward-EBITDA | 2.91 | |||||
| EV-to-Revenue | 0.75 | |||||
| EV-to-Forward-Revenue | 0.64 | |||||
| EV-to-FCF | -16.61 | |||||
| Price-to-Projected-FCF | 0.81 | |||||
| Price-to-DCF (Earnings Based) | 0.27 | |||||
| Price-to-Median-PS-Value | 0.82 | |||||
| Price-to-Peter-Lynch-Fair-Value | 0.14 | |||||
| Price-to-Graham-Number | 0.39 | |||||
| Price-to-Net-Current-Asset-Value | 0.96 | |||||
| Earnings Yield (Greenblatt) % | 29.2 | |||||
| Forward Rate of Return (Yacktman) % | 23.65 |
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Executives
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Analyst Estimate
Key Statistics
| Name | Value | ||
|---|---|---|---|
| Revenue (TTM) (Mil $) | 5,484.854 | ||
| EPS (TTM) ($) | 24.06 | ||
| Beta | 1.88 | ||
| Volatility % | 44.17 | ||
| 14-Day RSI | 54.68 | ||
| 14-Day ATR ($) | 3.197571 | ||
| 20-Day SMA ($) | 85.211 | ||
| 12-1 Month Momentum % | -26.75 | ||
| 52-Week Range ($) | 62.51 - 125.01 | ||
| Shares Outstanding (Mil) | 36.57 |
Piotroski F-Score Details
Year:
| Component | Result | ||
|---|---|---|---|
| Piotroski F-Score | 5 | ||
| Positive ROA | |||
| Positive CFROA | |||
| Higher ROA yoy | |||
| CFROA > ROA | |||
| Lower Leverage yoy | |||
| Higher Current Ratio yoy | |||
| Less Shares Outstanding yoy | |||
| Higher Gross Margin yoy | |||
| Higher Asset Turnover yoy |
Meritage Homes Corp Filings
| Document | Form | Filing Date | ||
|---|---|---|---|---|
| No Filing Data | ||||