Meritage Homes Corporation (MTH)
Stock Price:
$92.30 USD
0.50 (0.54%)
Updated November 27, 1:00 PM EST - Market closed
Key Info
| Market Cap |
3.47B |
| Revenue (ttm) |
4.23B |
| Net Income (ttm) |
374.56M |
| Shares Out |
37.61M |
| EPS (ttm) |
9.70 |
| PE Ratio |
9.52 |
| Forward PE |
7.06 |
| Dividend |
n/a |
| Dividend Yield |
n/a |
Stock Quote
| Trading Day |
November 27 |
| Last Price |
$92.30 |
| Previous Close |
$91.80 |
| Change ($) |
0.50 |
| Change (%) |
0.54% |
| Day's Open |
91.57 |
| Day's Range |
89.43 - 92.49 |
| Day's Volume |
179,434 |
| 52-Week Range |
25.24 - 117.06 |
More Stats
| Market Cap |
3.47B |
| Enterprise Value |
3.88B |
| Earnings Date (est) |
Feb 3, 2021 |
| Ex-Dividend Date |
n/a |
| Shares Outstanding |
37.61M |
| Float |
36.85M |
| EPS (basic) |
9.90 |
| EPS (diluted) |
9.70 |
| FCF / Share |
14.16 |
| Dividend |
n/a |
| Dividend Yield |
n/a |
| Earnings Yield |
10.51% |
| FCF Yield |
15.34% |
| Payout Ratio |
n/a |
| Shares Short |
1.28M |
| Short Ratio |
2.77 |
| Short % of Float |
3.48% |
| Beta |
1.85 |
| PE Ratio |
9.52 |
| Forward PE |
7.06 |
| P/FCF Ratio |
6.52 |
| PS Ratio |
0.82 |
| PB Ratio |
1.58 |
| Revenue |
4.23B |
| Operating Income |
449.49M |
| Net Income |
374.56M |
| Free Cash Flow |
532.48M |
| Net Cash |
-409.82M |
| Net Cash / Share |
-10.90 |
| Gross Margin |
16.74% |
| Operating Margin |
10.62% |
| Profit Margin |
8.90% |
| FCF Margin |
12.58% |
| ROA |
7.80% |
| ROE |
18.39% |
| ROIC |
10.70% |
Stats based on trailing-twelve-month (ttm) numbers.
Analyst Forecasts
Analyst Ratings (8)
| Buy |
5 |
| Overweight |
0 |
| Hold |
3 |
| Underweight |
0 |
| Sell |
0 |
Price Target
$124.88*
(35.30% upside)
Low
106
Current: $92.30
High
140
Target: 124.88
*Average 12-month price target from 8 stock analysts.
Financial Performance
Financial numbers in millions USD.
Financial Overview
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|
| Revenue | 3,678 | 3,544 | 3,255 | 3,057 | 2,593 | 2,191 | 1,834 | 1,205 | 868 | 942 |
| Revenue Growth | 3.78% | 8.88% | 6.48% | 17.9% | 18.35% | 19.45% | 52.2% | 38.85% | -7.84% | - |
| Gross Profit | 700 | 653 | 589 | 553 | 508 | 469 | 412 | 228 | 148 | 168 |
| Operating Income | 307 | 273 | 243 | 214 | 207 | 207 | 194 | 65.44 | 8.58 | 31.11 |
| Net Income | 250 | 227 | 143 | 150 | 129 | 142 | 124 | 105 | -21.11 | 7.15 |
| Shares Outstanding | 38.10 | 40.11 | 40.29 | 39.98 | 39.59 | 39.02 | 36.11 | 34.06 | 32.38 | 32.06 |
| Earnings Per Share | 6.42 | 5.58 | 3.41 | 3.55 | 3.09 | 3.46 | 3.25 | 3.00 | -0.65 | 0.22 |
| EPS Growth | 15.05% | 63.64% | -3.94% | 14.89% | -10.69% | 6.46% | 8.33% | - | - | - |
| Operating Cash Flow | 347 | 262 | -87.13 | -103 | -3.34 | -211 | -77.92 | -221 | -74.14 | 32.55 |
| Capital Expenditures | -23.93 | -33.32 | -17.74 | -16.46 | -16.01 | -20.53 | -15.73 | -10.36 | -7.08 | -6.27 |
| Free Cash Flow | 323 | 229 | -105 | -120 | -19.34 | -232 | -93.65 | -231 | -81.22 | 26.28 |
| Cash & Equivalents | 319 | 311 | 171 | 132 | 262 | 103 | 274 | 209 | 186 | 113 |
| Total Debt | 1,019 | 1,310 | 1,284 | 1,127 | 1,117 | 935 | 921 | 723 | 606 | 606 |
| Net Cash / Debt | -700 | -999 | -1,113 | -996 | -855 | -832 | -647 | -513 | -421 | -492 |
| Assets | 3,398 | 3,365 | 3,251 | 2,889 | 2,680 | 2,316 | 2,003 | 1,576 | 1,221 | 1,225 |
| Liabilities | 1,424 | 1,645 | 1,674 | 1,467 | 1,421 | 1,207 | 1,162 | 881 | 732 | 725 |
| Book Value | 1,974 | 1,721 | 1,577 | 1,421 | 1,259 | 1,109 | 841 | 694 | 489 | 500 |
Numbers in millions USD, except per-share numbers.
Company Details
| Full Name |
Meritage Homes Corporation |
| Country |
United States |
| Employees |
1,510 |
| CEO |
Steven J. Hilton |
Stock Information
| Ticker Symbol |
MTH |
| Stock Exchange |
New York Stock Exchange |
| Sector |
Consumer Cyclical |
| Industry |
Residential Construction |
| Unique Identifier |
NYSE: MTH |
| IPO Date |
July 20, 1988 |
Description
Meritage Homes Corporation designs and builds single-family homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for first-time and first move-up buyers. The company also offers luxury homes under the Monterey Homes brand name; and title insurance and closing/settlement services to its homebuyers. It builds and sells homes in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee under the Meritage Homes brand name. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.