NYSE:MTH (USA) Also trade in: Germany

Meritage Homes Corp

$ 50.94 0.65 (1.29%)
Volume: 16,409 Avg Vol (1m): 363,541
Market Cap $: 1.92 Bil Enterprise Value $: 2.91 Bil
P/E (TTM): 9.67 P/B: 1.12
Earnings Power Value 29.45
Net Current Asset Value -30.24
Tangible Book 44.02
Projected FCF 17.83
Median P/S Value 55.71
Graham Number 71.77
Peter Lynch Value 37.6
DCF (FCF Based) 0
DCF (Earnings Based) 0
1Y (-%)

Financial Strength : 6/10

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.
Current vs industry vs history
Cash-to-Debt 0.25
Cash-To-Debt ranked lower than
66.76% of 746 companies
in the Residential Construction industry.
Industry Max: 10000, Med: 0.35, Min: 0.01
MTH: 0.25
Ranked among companies with meaningful Cash-To-Debt only.
Cash-To-Debt range over the past 10 years
Min: 0, Med: 0.13, Max: 0.71
Current: 0.25
0
0.71
Equity-to-Asset 0.51
Equity-to-Asset ranked higher than
55.99% of 709 companies
in the Residential Construction industry.
Industry Max: 6.87, Med: 0.46, Min: -10.65
MTH: 0.51
Ranked among companies with meaningful Equity-to-Asset only.
Equity-to-Asset range over the past 10 years
Min: 0.06, Med: 0.43, Max: 0.95
Current: 0.51
0.06
0.95
Debt-to-Equity 0.75
Debt-to-Equity ranked lower than
56.53% of 582 companies
in the Residential Construction industry.
Industry Max: 50.7, Med: 0.71, Min: 0.01
MTH: 0.75
Ranked among companies with meaningful Debt-to-Equity only.
Debt-to-Equity range over the past 10 years
Min: 0.37, Med: 0.94, Max: 16.41
Current: 0.75
0.37
16.41
Debt-to-EBITDA 4.39
Debt-to-EBITDA ranked lower than
56.50% of 554 companies
in the Residential Construction industry.
Industry Max: 6518571.72, Med: 3.96, Min: 0.01
MTH: 4.39
Ranked among companies with meaningful Debt-to-EBITDA only.
Debt-to-EBITDA range over the past 10 years
Min: -5.53, Med: 4.75, Max: 35.25
Current: 4.39
-5.53
35.25
Interest Coverage 52.57
Interest Coverage ranked higher than
71.36% of 590 companies
in the Residential Construction industry.
Industry Max: 130227, Med: 8.91, Min: 0.06
MTH: 52.57
Ranked among companies with meaningful Interest Coverage only.
Interest Coverage range over the past 10 years
Min: 0.07, Med: 12.13, Max: 328.01
Current: 52.57
0.07
328.01
Piotroski F-Score 8
0
1
2
3
4
5
6
7
8
9
Altman Z-Score 2.57
DISTRESS
GREY
SAFE
Beneish M-Score -2.65
Not Manipulator
Manipulator
WACC vs ROIC %
ROIC 7.03%
WACC 5.48%

Profitability & Growth : 8/10

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
Current vs industry vs history
Operating Margin % 7.12
Operating Margin ranked higher than
64.19% of 754 companies
in the Residential Construction industry.
Industry Max: 1857.5, Med: 4.34, Min: -78200
MTH: 7.12
Ranked among companies with meaningful Operating Margin only.
Operating Margin range over the past 10 years
Min: -13.82, Med: 6.81, Max: 9.94
Current: 7.12
-13.82
9.94
Net Margin % 5.98
Net Margin ranked higher than
67.90% of 754 companies
in the Residential Construction industry.
Industry Max: 68400, Med: 2.33, Min: -1065.43
MTH: 5.98
Ranked among companies with meaningful Net Margin only.
Net Margin range over the past 10 years
Min: -6.85, Med: 4.96, Max: 8.8
Current: 5.98
-6.85
8.8
ROE % 12.31
ROE ranked higher than
68.50% of 708 companies
in the Residential Construction industry.
Industry Max: 582.56, Med: 5.32, Min: -1606.79
MTH: 12.31
Ranked among companies with meaningful ROE only.
ROE range over the past 10 years
Min: -13.13, Med: 11.02, Max: 17.78
Current: 12.31
-13.13
17.78
ROA % 6.17
ROA ranked higher than
72.95% of 780 companies
in the Residential Construction industry.
Industry Max: 90.22, Med: 2.11, Min: -2043.58
MTH: 6.17
Ranked among companies with meaningful ROA only.
ROA range over the past 10 years
Min: -5.17, Med: 5.26, Max: 7.52
Current: 6.17
-5.17
7.52
ROC (Joel Greenblatt) % 514.84
ROC (Joel Greenblatt) ranked higher than
50.26% of 776 companies
in the Residential Construction industry.
Industry Max: 11694.49, Med: 9.48, Min: -189500
MTH: 514.84
Ranked among companies with meaningful ROC (Joel Greenblatt) only.
ROC (Joel Greenblatt) range over the past 10 years
Min: -33.18, Med: 631.45, Max: 1019.46
Current: 514.84
-33.18
1019.46
3-Year Total Revenue Growth Rate 11.00
3-Year Revenue Growth Rate ranked higher than
81.73% of 717 companies
in the Residential Construction industry.
Industry Max: 1268.7, Med: 0.7, Min: -100
MTH: 12.3
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
3-Year Revenue Growth Rate range over the past 10 years
Min: -80.6, Med: 17.2, Max: 407.2
Current: 12.3
-80.6
407.2
3-Year Total EBITDA Growth Rate 12.30
3-Year EBITDA Growth Rate ranked higher than
50.58% of 603 companies
in the Residential Construction industry.
Industry Max: 753.8, Med: 5.4, Min: -192.4
MTH: 13.6
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
3-Year EBITDA Growth Rate range over the past 10 years
Min: 0, Med: 10.2, Max: 184.1
Current: 13.6
0
184.1
3-Year EPS w/o NRI Growth Rate 21.80
3-Year EPS w/o NRI Growth Rate ranked lower than
55.85% of 573 companies
in the Residential Construction industry.
Industry Max: 822.2, Med: 4.8, Min: -766.2
MTH: 21.8
Ranked among companies with meaningful 3-Year EPS w/o NRI Growth Rate only.
3-Year EPS w/o NRI Growth Rate range over the past 10 years
Min: 0, Med: 1, Max: 227.1
Current: 21.8
0
227.1

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Business Description

Industry Homebuilding & Construction » Residential Construction    NAICS : 236115    SIC : 1531
Compare LSE:BVS NYSE:MDC NYSE:TPH NYSE:TMHC PHS:VLL NYSE:KBH BSP:CYRE3 BSP:MRVE3 NAS:LGIH TSE:4681 OSTO:BONAV B TSE:1911 SZSE:002314 OSTO:JM LSE:CRST LSE:CRN NYSE:SKY NAS:CVCO LSE:RDW XPAR:KOF
Traded in other countries MEY.Germany
Address 8800 East Raintree Drive, Suite 300, Scottsdale, AZ, USA, 85260
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

Current vs industry vs history
PE Ratio (TTM) 9.67
PE Ratio ranked higher than
68.46% of 539 companies
in the Residential Construction industry.
Industry Max: 3561.25, Med: 14.87, Min: 0.24
MTH: 9.67
Ranked among companies with meaningful PE Ratio only.
PE Ratio range over the past 10 years
Min: 6.23, Med: 11.37, Max: 124.27
Current: 9.67
6.23
124.27
Forward PE Ratio 10.42
Forward P/E ranked higher than
71.70% of 53 companies
in the Residential Construction industry.
Industry Max: 83.33, Med: 9.24, Min: 5.46
MTH: 10.42
Ranked among companies with meaningful Forward P/E only.
N/A
PE Ratio without NRI 9.67
PE without NRI ranked higher than
69.22% of 536 companies
in the Residential Construction industry.
Industry Max: 3561.25, Med: 14.9, Min: 0.24
MTH: 9.67
Ranked among companies with meaningful PE without NRI only.
PE without NRI range over the past 10 years
Min: 6.23, Med: 11.37, Max: 124.27
Current: 9.67
6.23
124.27
Price-to-Owner-Earnings 7.37
Price-to-Owner-Earnings ranked lower than
100.00% of 238 companies
in the Residential Construction industry.
Industry Max: 4790, Med: 18, Min: 1.11
MTH: 7.37
Ranked among companies with meaningful Price-to-Owner-Earnings only.
Price-to-Owner-Earnings range over the past 10 years
Min: 6.36, Med: 16.54, Max: 507.14
Current: 7.37
6.36
507.14
PB Ratio 1.12
PB Ratio ranked lower than
50.50% of 701 companies
in the Residential Construction industry.
Industry Max: 328.27, Med: 1.03, Min: 0.03
MTH: 1.12
Ranked among companies with meaningful PB Ratio only.
PB Ratio range over the past 10 years
Min: 0.33, Med: 1.35, Max: 2.62
Current: 1.12
0.33
2.62
PS Ratio 0.59
PS Ratio ranked higher than
59.07% of 733 companies
in the Residential Construction industry.
Industry Max: 2171.15, Med: 0.72, Min: 0.01
MTH: 0.59
Ranked among companies with meaningful PS Ratio only.
PS Ratio range over the past 10 years
Min: 0.1, Med: 0.64, Max: 1.43
Current: 0.59
0.1
1.43
Price-to-Free-Cash-Flow 7.15
Price-to-Free-Cash-Flow ranked lower than
97.70% of 174 companies
in the Residential Construction industry.
Industry Max: 16850, Med: 12.36, Min: 0.03
MTH: 7.15
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
Price-to-Free-Cash-Flow range over the past 10 years
Min: 0.72, Med: 6.41, Max: 229.29
Current: 7.15
0.72
229.29
Price-to-Operating-Cash-Flow 6.43
Price-to-Operating-Cash-Flow ranked lower than
91.12% of 259 companies
in the Residential Construction industry.
Industry Max: 3100, Med: 11.02, Min: 0.05
MTH: 6.43
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 0.7, Med: 5.63, Max: 58.22
Current: 6.43
0.7
58.22
EV-to-EBIT 10.68
EV-to-EBIT ranked higher than
56.83% of 586 companies
in the Residential Construction industry.
Industry Max: 215396, Med: 12, Min: 0.14
MTH: 10.68
Ranked among companies with meaningful EV-to-EBIT only.
EV-to-EBIT range over the past 10 years
Min: -152.1, Med: 11.5, Max: 136.4
Current: 10.68
-152.1
136.4
EV-to-EBITDA 9.73
EV-to-EBITDA ranked lower than
50.72% of 629 companies
in the Residential Construction industry.
Industry Max: 6025336.42, Med: 9.73, Min: 0.14
MTH: 9.73
Ranked among companies with meaningful EV-to-EBITDA only.
EV-to-EBITDA range over the past 10 years
Min: -52, Med: 11, Max: 335.6
Current: 9.73
-52
335.6
EV-to-Revenue 0.84
EV-to-Revenue ranked higher than
59.92% of 741 companies
in the Residential Construction industry.
Industry Max: 89830.4, Med: 1.09, Min: 0.01
MTH: 0.84
Ranked among companies with meaningful EV-to-Revenue only.
EV-to-Revenue range over the past 10 years
Min: 0.4, Med: 0.9, Max: 1.9
Current: 0.84
0.4
1.9
PEG Ratio 1.33
PEG Ratio ranked higher than
74.90% of 263 companies
in the Residential Construction industry.
Industry Max: 2196, Med: 1.06, Min: 0.01
MTH: 1.33
Ranked among companies with meaningful PEG Ratio only.
PEG Ratio range over the past 10 years
Min: 0.13, Med: 0.27, Max: 1.49
Current: 1.33
0.13
1.49
Shiller PE Ratio 20.07
Shiller PE Ratio ranked lower than
65.03% of 143 companies
in the Residential Construction industry.
Industry Max: 5137.05, Med: 22.98, Min: 0.71
MTH: 20.07
Ranked among companies with meaningful Shiller PE Ratio only.
Shiller PE Ratio range over the past 10 years
Min: 3.38, Med: 31.64, Max: 324.13
Current: 20.07
3.38
324.13
Current Ratio 1.64
Current Ratio ranked higher than
95.48% of 753 companies
in the Residential Construction industry.
Industry Max: 6950.71, Med: 1.56, Min: 0.01
MTH: 1.64
Ranked among companies with meaningful Current Ratio only.
Current Ratio range over the past 10 years
Min: 0.05, Med: 0.73, Max: 3.89
Current: 1.64
0.05
3.89
Quick Ratio 1.64
Quick Ratio ranked higher than
74.37% of 753 companies
in the Residential Construction industry.
Industry Max: 6950.71, Med: 0.97, Min: 0.01
MTH: 1.64
Ranked among companies with meaningful Quick Ratio only.
Quick Ratio range over the past 10 years
Min: 0.05, Med: 0.73, Max: 3.89
Current: 1.64
0.05
3.89
Days Payable 15.88
Days Payable ranked lower than
80.43% of 705 companies
in the Residential Construction industry.
Industry Max: 896.22, Med: 48.6, Min: 0.12
MTH: 15.88
Ranked among companies with meaningful Days Payable only.
Days Payable range over the past 10 years
Min: 11.12, Med: 18.18, Max: 20.51
Current: 15.88
11.12
20.51

Dividend & Buy Back

Current vs industry vs history
3-Year Share Buyback Rate -0.30
3-Year Share Buyback Rate ranked higher than
54.01% of 287 companies
in the Residential Construction industry.
Industry Max: 56, Med: -1.6, Min: -578.8
MTH: -0.3
Ranked among companies with meaningful 3-Year Share Buyback Rate only.
3-Year Share Buyback Rate range over the past 10 years
Min: -22.5, Med: -3.7, Max: 3.7
Current: -0.3
-22.5
3.7

Valuation & Return

Current vs industry vs history
Price-to-Tangible-Book 1.14
Price-to-Tangible-Book ranked higher than
50.57% of 696 companies
in the Residential Construction industry.
Industry Max: 328.27, Med: 1.08, Min: 0.07
MTH: 1.14
Ranked among companies with meaningful Price-to-Tangible-Book only.
Price-to-Tangible-Book range over the past 10 years
Min: 0.31, Med: 1.35, Max: 3.79
Current: 1.14
0.31
3.79
Price-to-Projected-FCF 2.82
Price-to-Intrinsic-Value-Projected-FCF ranked lower than
100.00% of 284 companies
in the Residential Construction industry.
Industry Max: 41.31, Med: 1.09, Min: 0.08
MTH: 2.82
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
Price-to-Intrinsic-Value-Projected-FCF range over the past 10 years
Min: 0.18, Med: 1.75, Max: 55.78
Current: 2.82
0.18
55.78
Price-to-Median-PS-Value 0.90
Price-to-Median-PS-Value ranked higher than
72.41% of 685 companies
in the Residential Construction industry.
Industry Max: 103.34, Med: 1.06, Min: 0.01
MTH: 0.9
Ranked among companies with meaningful Price-to-Median-PS-Value only.
Price-to-Median-PS-Value range over the past 10 years
Min: 0.23, Med: 0.91, Max: 26.86
Current: 0.9
0.23
26.86
Price-to-Peter-Lynch-Fair-Value 1.34
Price-to-Peter-Lynch-Fair-Value ranked lower than
68.42% of 152 companies
in the Residential Construction industry.
Industry Max: 27.89, Med: 0.8, Min: 0.09
MTH: 1.34
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
Price-to-Peter-Lynch-Fair-Value range over the past 10 years
Min: 0.1, Med: 0.39, Max: 1.37
Current: 1.34
0.1
1.37
Price-to-Graham-Number 0.70
Price-to-Graham-Number ranked higher than
68.42% of 494 companies
in the Residential Construction industry.
Industry Max: 41.29, Med: 9999, Min: 0.07
MTH: 0.7
Ranked among companies with meaningful Price-to-Graham-Number only.
Price-to-Graham-Number range over the past 10 years
Min: 0.26, Med: 0.77, Max: 3.46
Current: 0.7
0.26
3.46
Earnings Yield (Joel Greenblatt) % 9.36
Earnings Yield (Greenblatt) ranked higher than
67.48% of 778 companies
in the Residential Construction industry.
Industry Max: 714.29, Med: 6.07, Min: -3333.33
MTH: 9.36
Ranked among companies with meaningful Earnings Yield (Greenblatt) only.
Earnings Yield (Greenblatt) range over the past 10 years
Min: -33.2, Med: 6.7, Max: 11.9
Current: 9.36
-33.2
11.9
Forward Rate of Return (Yacktman) % 5.39
Forward Rate of Return ranked lower than
57.78% of 405 companies
in the Residential Construction industry.
Industry Max: 192.81, Med: 5.56, Min: -67532.45
MTH: 5.39
Ranked among companies with meaningful Forward Rate of Return only.
Forward Rate of Return range over the past 10 years
Min: -9.6, Med: 9.2, Max: 25.5
Current: 5.39
-9.6
25.5

More Statistics

Revenue (TTM) (Mil) $ 3,494.34
EPS (TTM) $ 5.2
Beta 1.12
Volatility % 30.43
52-Week Range $ 32.02 - 53.3
Shares Outstanding (Mil) 38.26

Analyst Estimate

Piotroski F-Score Details

Piotroski F-Score 8
Positive ROA Y
Positive CFROA Y
Higher ROA yoy Y
CFROA > ROA Y
Lower Leverage yoy Y
Higher Current Ratio yoy Y
Less Shares Outstanding yoy Y
Higher Gross Margin yoy Y
Higher Asset Turnover yoy N