Meritage Homes Statistics
Total Valuation
Meritage Homes has a market cap or net worth of $5.59 billion. The enterprise value is $6.13 billion.
Important Dates
The next confirmed earnings date is Wednesday, January 29, 2025, after market close.
| Earnings Date | Jan 29, 2025 |
| Ex-Dividend Date | Dec 17, 2024 |
Share Statistics
Meritage Homes has 36.18 million shares outstanding. The number of shares has decreased by -0.86% in one year.
| Current Share Class | 36.18M |
| Shares Outstanding | 36.18M |
| Shares Change (YoY) | -0.86% |
| Shares Change (QoQ) | -0.13% |
| Owned by Insiders (%) | 1.98% |
| Owned by Institutions (%) | 100.26% |
| Float | 35.45M |
Valuation Ratios
The trailing PE ratio is 7.00 and the forward PE ratio is 7.67.
| PE Ratio | 7.00 |
| Forward PE | 7.67 |
| PS Ratio | 0.87 |
| Forward PS | 0.84 |
| PB Ratio | 1.11 |
| P/TBV Ratio | 1.12 |
| P/FCF Ratio | n/a |
| P/OCF Ratio | n/a |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 7.55 |
| EV / Sales | 0.95 |
| EV / EBITDA | 5.99 |
| EV / EBIT | 6.15 |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 10.12, with a Debt / Equity ratio of 0.27.
| Current Ratio | 10.12 |
| Quick Ratio | 1.67 |
| Debt / Equity | 0.27 |
| Debt / EBITDA | 1.32 |
| Debt / FCF | n/a |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 17.19% and return on invested capital (ROIC) is 10.49%.
| Return on Equity (ROE) | 17.19% |
| Return on Assets (ROA) | 9.38% |
| Return on Capital (ROIC) | 10.49% |
| Revenue Per Employee | $3.50M |
| Profits Per Employee | $441,996 |
| Employee Count | 1,838 |
| Asset Turnover | 0.97 |
| Inventory Turnover | 0.96 |
Taxes
In the past 12 months, Meritage Homes has paid $227.79 million in taxes.
| Income Tax | 227.79M |
| Effective Tax Rate | 21.90% |
Stock Price Statistics
The stock price has decreased by -11.52% in the last 52 weeks. The beta is 1.84, so Meritage Homes's price volatility has been higher than the market average.
| Beta (5Y) | 1.84 |
| 52-Week Price Change | -11.52% |
| 50-Day Moving Average | 183.27 |
| 200-Day Moving Average | 179.38 |
| Relative Strength Index (RSI) | 28.06 |
| Average Volume (20 Days) | 514,888 |
Short Selling Information
The latest short interest is 1.27 million, so 3.51% of the outstanding shares have been sold short.
| Short Interest | 1.27M |
| Short Previous Month | 1.32M |
| Short % of Shares Out | 3.51% |
| Short % of Float | 3.58% |
| Short Ratio (days to cover) | 2.75 |
Income Statement
In the last 12 months, Meritage Homes had revenue of $6.43 billion and earned $812.39 million in profits. Earnings per share was $22.10.
| Revenue | 6.43B |
| Gross Profit | 1.64B |
| Operating Income | 996.70M |
| Pretax Income | 1.08B |
| Net Income | 812.39M |
| EBITDA | 1.02B |
| EBIT | 996.70M |
| Earnings Per Share (EPS) | $22.10 |
Full Income StatementBalance Sheet
The company has $831.56 million in cash and $1.37 billion in debt, giving a net cash position of -$539.98 million or -$14.93 per share.
| Cash & Cash Equivalents | 831.56M |
| Total Debt | 1.37B |
| Net Cash | -539.98M |
| Net Cash Per Share | -$14.93 |
| Equity (Book Value) | 5.03B |
| Book Value Per Share | 139.02 |
| Working Capital | 6.11B |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was -$232.53 million and capital expenditures -$28.15 million, giving a free cash flow of -$260.68 million.
| Operating Cash Flow | -232.53M |
| Capital Expenditures | -28.15M |
| Free Cash Flow | -260.68M |
| FCF Per Share | -$7.21 |
Full Cash Flow StatementMargins
Gross margin is 25.49%, with operating and profit margins of 15.49% and 12.63%.
| Gross Margin | 25.49% |
| Operating Margin | 15.49% |
| Pretax Margin | 16.17% |
| Profit Margin | 12.63% |
| EBITDA Margin | 15.91% |
| EBIT Margin | 15.49% |
| FCF Margin | n/a |
Dividends & Yields
This stock pays an annual dividend of $3.00, which amounts to a dividend yield of 1.94%.
| Dividend Per Share | $3.00 |
| Dividend Yield | 1.94% |
| Dividend Growth (YoY) | 177.78% |
| Years of Dividend Growth | 1 |
| Payout Ratio | 13.57% |
| Buyback Yield | 0.86% |
| Shareholder Yield | 2.80% |
| Earnings Yield | 14.52% |
| FCF Yield | -4.66% |
Dividend DetailsAnalyst Forecast
The average price target for Meritage Homes is $193.71, which is 25.29% higher than the current price. The consensus rating is "Hold".
| Price Target | $193.71 |
| Price Target Difference | 25.29% |
| Analyst Consensus | Hold |
| Analyst Count | 9 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock ForecastsStock Splits
The last stock split was on January 10, 2005. It was a forward split with a ratio of 2:1.
| Last Split Date | Jan 10, 2005 |
| Split Type | Forward |
| Split Ratio | 2:1 |
Scores
Meritage Homes has an Altman Z-Score of 5.09 and a Piotroski F-Score of 4.
| Altman Z-Score | 5.09 |
| Piotroski F-Score | 4 |