Meritage Homes Statistics
Total Valuation
Meritage Homes has a market cap or net worth of $5.44 billion. The enterprise value is $5.53 billion.
| Market Cap | 5.44B |
| Enterprise Value | 5.53B |
Important Dates
The next confirmed earnings date is Wednesday, April 24, 2024, after market close.
| Earnings Date | Apr 24, 2024 |
| Ex-Dividend Date | Mar 14, 2024 |
Share Statistics
Meritage Homes has 36.17 million shares outstanding. The number of shares has decreased by -0.09% in one year.
| Shares Outstanding | 36.17M |
| Shares Change (YoY) | -0.09% |
| Shares Change (QoQ) | -0.35% |
| Owned by Insiders (%) | 2.11% |
| Owned by Institutions (%) | 103.90% |
| Float | 35.39M |
Valuation Ratios
The trailing PE ratio is 7.55 and the forward PE ratio is 8.44. Meritage Homes's PEG ratio is 1.28.
| PE Ratio | 7.55 |
| Forward PE | 8.44 |
| PS Ratio | 0.89 |
| Forward PS | 0.88 |
| PB Ratio | 1.18 |
| P/FCF Ratio | 17.12 |
| PEG Ratio | 1.28 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 5.67, with an EV/FCF ratio of 17.39.
| EV / Earnings | 7.48 |
| EV / Sales | 0.90 |
| EV / EBITDA | 5.67 |
| EV / EBIT | 5.82 |
| EV / FCF | 17.39 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 0.22 |
| Debt / EBITDA | 1.03 |
| Debt / FCF | 3.17 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 17.00% and return on invested capital (ROIC) is 12.49%.
| Return on Equity (ROE) | 17.00% |
| Return on Assets (ROA) | 12.10% |
| Return on Capital (ROIC) | 12.49% |
| Revenue Per Employee | $3.34M |
| Profits Per Employee | $401,930 |
| Employee Count | 1,838 |
| Asset Turnover | 1.00 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Meritage Homes has paid $210.68 million in taxes.
| Income Tax | 210.68M |
| Effective Tax Rate | 22.19% |
Stock Price Statistics
The stock price has increased by +19.60% in the last 52 weeks. The beta is 1.76, so Meritage Homes's price volatility has been higher than the market average.
| Beta (1Y) | 1.76 |
| 52-Week Price Change | +19.60% |
| 50-Day Moving Average | 158.73 |
| 200-Day Moving Average | 146.61 |
| Relative Strength Index (RSI) | 36.99 |
| Average Volume (30 Days) | 442,656 |
Short Selling Information
The latest short interest is 827,866, so 2.29% of the outstanding shares have been sold short.
| Short Interest | 827,866 |
| Short Previous Month | 1.06M |
| Short % of Shares Out | 2.29% |
| Short % of Float | 2.34% |
| Short Ratio (days to cover) | 1.59 |
Income Statement
In the last 12 months, Meritage Homes had revenue of $6.14 billion and earned $738.75 million in profits. Earnings per share was $19.93.
| Revenue | 6.14B |
| Gross Profit | 1.52B |
| Operating Income | 902.39M |
| Pretax Income | 949.43M |
| Net Income | 738.75M |
| EBITDA | 974.76M |
| EBIT | 949.43M |
| Earnings Per Share (EPS) | $19.93 |
Balance Sheet
The company has $921.23 million in cash and $1.01 billion in debt, giving a net cash position of -$86.99 million or -$2.41 per share.
| Cash & Cash Equivalents | 921.23M |
| Total Debt | 1.01B |
| Net Cash | -86.99M |
| Net Cash Per Share | -$2.41 |
| Equity / Book Value | 4.61B |
| Book Value Per Share | 127.51 |
| Working Capital | n/a |
Cash Flow
In the last 12 months, operating cash flow was $355.57 million and capital expenditures -$37.77 million, giving a free cash flow of $317.80 million.
| Operating Cash Flow | 355.57M |
| Capital Expenditures | -37.77M |
| Free Cash Flow | 317.80M |
| FCF Per Share | $8.68 |
Margins
Gross margin is 24.75%, with operating and profit margins of 14.70% and 12.04%.
| Gross Margin | 24.75% |
| Operating Margin | 14.70% |
| Pretax Margin | 15.47% |
| Profit Margin | 12.04% |
| EBITDA Margin | 15.88% |
| EBIT Margin | 15.47% |
| FCF Margin | 5.18% |
Dividends & Yields
This stock pays an annual dividend of $1.56, which amounts to a dividend yield of 1.04%.
| Dividend Per Share | $1.56 |
| Dividend Yield | 1.04% |
| Dividend Growth (YoY) | 477.78% |
| Years of Dividend Growth | 1 |
| Payout Ratio | 7.83% |
| Buyback Yield | 0.09% |
| Shareholder Yield | 1.12% |
| Earnings Yield | 13.58% |
| FCF Yield | 5.84% |
Analyst Forecast
The average price target for Meritage Homes is $216.00, which is 43.59% higher than the current price. The consensus rating is "Buy".
| Price Target | $216.00 |
| Price Target Difference | 43.59% |
| Analyst Consensus | Buy |
| Analyst Count | 8 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock 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
| Altman Z-Score | n/a |
| Piotroski F-Score | 4 |