Meritage Homes Statistics
Total Valuation
Meritage Homes has a market cap or net worth of $5.29 billion. The enterprise value is $5.98 billion.
Important Dates
The last earnings date was Wednesday, January 29, 2025, after market close.
| Earnings Date | Jan 29, 2025 |
| Ex-Dividend Date | Mar 17, 2025 |
Share Statistics
Meritage Homes has 71.77 million shares outstanding. The number of shares has decreased by -1.09% in one year.
| Current Share Class | 72.36M |
| Shares Outstanding | 71.77M |
| Shares Change (YoY) | -1.09% |
| Shares Change (QoQ) | -0.29% |
| Owned by Insiders (%) | 1.99% |
| Owned by Institutions (%) | 100.87% |
| Float | 70.86M |
Valuation Ratios
The trailing PE ratio is 6.88 and the forward PE ratio is 7.81.
| PE Ratio | 6.88 |
| Forward PE | 7.81 |
| PS Ratio | 0.84 |
| Forward PS | 0.78 |
| PB Ratio | 1.03 |
| P/TBV Ratio | 1.03 |
| P/FCF Ratio | n/a |
| P/OCF Ratio | n/a |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 7.61 |
| EV / Sales | 0.93 |
| EV / EBITDA | 6.07 |
| EV / EBIT | 6.24 |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 10.58, with a Debt / Equity ratio of 0.26.
| Current Ratio | 10.58 |
| Quick Ratio | 1.37 |
| Debt / Equity | 0.26 |
| Debt / EBITDA | 1.36 |
| Debt / FCF | n/a |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 16.12% and return on invested capital (ROIC) is 9.86%.
| Return on Equity (ROE) | 16.12% |
| Return on Assets (ROA) | 8.86% |
| Return on Invested Capital (ROIC) | 9.86% |
| Return on Capital Employed (ROCE) | 14.75% |
| Revenue Per Employee | $3.48M |
| Profits Per Employee | $427,740 |
| Employee Count | 1,838 |
| Asset Turnover | 0.95 |
| Inventory Turnover | 0.91 |
Taxes
In the past 12 months, Meritage Homes has paid $216.68 million in taxes.
| Income Tax | 216.68M |
| Effective Tax Rate | 21.61% |
Stock Price Statistics
The stock price has decreased by -2.04% in the last 52 weeks. The beta is 1.88, so Meritage Homes's price volatility has been higher than the market average.
| Beta (5Y) | 1.88 |
| 52-Week Price Change | -2.04% |
| 50-Day Moving Average | 78.60 |
| 200-Day Moving Average | 88.93 |
| Relative Strength Index (RSI) | 39.86 |
| Average Volume (20 Days) | 975,520 |
Short Selling Information
The latest short interest is 3.11 million, so 4.34% of the outstanding shares have been sold short.
| Short Interest | 3.11M |
| Short Previous Month | 2.36M |
| Short % of Shares Out | 4.34% |
| Short % of Float | 4.39% |
| Short Ratio (days to cover) | 3.12 |
Income Statement
In the last 12 months, Meritage Homes had revenue of $6.40 billion and earned $786.19 million in profits. Earnings per share was $10.72.
| Revenue | 6.40B |
| Gross Profit | 1.60B |
| Operating Income | 958.35M |
| Pretax Income | 1.08B |
| Net Income | 786.19M |
| EBITDA | 984.30M |
| EBIT | 958.35M |
| Earnings Per Share (EPS) | $10.72 |
Full Income StatementBalance Sheet
The company has $651.56 million in cash and $1.34 billion in debt, giving a net cash position of -$684.32 million or -$9.54 per share.
| Cash & Cash Equivalents | 651.56M |
| Total Debt | 1.34B |
| Net Cash | -684.32M |
| Net Cash Per Share | -$9.54 |
| Equity (Book Value) | 5.14B |
| Book Value Per Share | 71.49 |
| Working Capital | 6.37B |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was -$227.58 million and capital expenditures -$28.66 million, giving a free cash flow of -$256.23 million.
| Operating Cash Flow | -227.58M |
| Capital Expenditures | -28.66M |
| Free Cash Flow | -256.23M |
| FCF Per Share | -$3.57 |
Full Cash Flow StatementMargins
Gross margin is 24.99%, with operating and profit margins of 14.99% and 12.29%.
| Gross Margin | 24.99% |
| Operating Margin | 14.99% |
| Pretax Margin | 15.68% |
| Profit Margin | 12.29% |
| EBITDA Margin | 15.39% |
| EBIT Margin | 14.99% |
| FCF Margin | n/a |
Dividends & Yields
This stock pays an annual dividend of $1.93, which amounts to a dividend yield of 2.62%.
| Dividend Per Share | $1.93 |
| Dividend Yield | 2.62% |
| Dividend Growth (YoY) | 234.20% |
| Years of Dividend Growth | 2 |
| Payout Ratio | 18.00% |
| Buyback Yield | 1.09% |
| Shareholder Yield | 3.70% |
| Earnings Yield | 14.85% |
| FCF Yield | -4.84% |
Dividend DetailsAnalyst Forecast
The average price target for Meritage Homes is $68.53, which is -7.12% lower than the current price. The consensus rating is "Hold".
| Price Target | $68.53 |
| Price Target Difference | -7.12% |
| Analyst Consensus | Hold |
| Analyst Count | 10 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock ForecastsStock Splits
The last stock split was on January 3, 2025. It was a forward split with a ratio of 2:1.
| Last Split Date | Jan 3, 2025 |
| Split Type | Forward |
| Split Ratio | 2:1 |
Scores
Meritage Homes has an Altman Z-Score of 5.27 and a Piotroski F-Score of 4.
| Altman Z-Score | 5.27 |
| Piotroski F-Score | 4 |