2.79%
5.34%
-10.57%
-20.13%
-2.16%
58.80%
128.35%
AI Spotlight on MTH
Company Description
Meritage Homes Corporation, together with its subsidiaries, 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 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.
Market Data
| Last Price | 81.02 |
| Change Percentage | 2.79% |
| Open | 81.45 |
| Previous Close | 78.82 |
| Market Cap ( Millions) | 5863 |
| Volume | 1966066 |
| Year High | 106.99 |
| Year Low | 73.05 |
| M A 50 | 84.0 |
| M A 200 | 89.32 |
Financial Ratios
| FCF Yield | -4.45% |
| Dividend Yield | 2.31% |
| ROE | 15.90% |
| Debt / Equity | 25.41% |
| Net Debt / EBIDTA | 60.29% |
| Price To Book | 0.57 |
| Price Earnings Ratio | 3.72 |
| Price To FCF | -22.49 |
| Price To sales | 0.92 |
| EV / EBITDA | 6.0 |
News
- 04:53 - Meritage Homes Corporation (MTH) Q4 2024 Earnings Call Transcript
- Jan -30 - Meritage Homes' Q4 Earnings & Revenues Surpass Estimates
- Jan -30 - Meritage (MTH) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
- Jan -29 - Meritage Homes (MTH) Q4 Earnings and Revenues Top Estimates
- Jan -29 - Meritage Homes reports fourth quarter 2024 results
- Jan -27 - Meritage Homes to Report Q4 Earnings: What's in Store for the Stock?
- Jan -14 - 5 Explosive Dividend Growers To Put On Your Radar In 2025
- Jan -13 - Here's why Meritage Homes is top pick among homebuilders at UBS
- Jan -06 - Meritage Homes Appoints Geisha Williams to its Board of Directors
- Jan -02 - Here's Why Investors Must Retain Meritage Homes Stock for Now
- Dec -17 - Meritage Homes Gives $3.3 Million In 2024 To Support Communities Nationwide
- Dec -14 - Meritage Homes: Favourable Macro Backdrop And A Right Strategy In Place
- Dec -05 - Meritage Homes Fourth Quarter 2024 Earnings Conference Call and Webcast Scheduled for January 30, 2025
- Dec -02 - Meritage Homes CEO: We fill a void in housing market with move-in ready homes
- Nov -25 - Meritage Homes Announces Two-for-One Stock Split
- Nov -22 - Meritage Homes Announces Quarterly Cash Dividend and $250M Increase to Share Repurchase Authorization
- Nov -18 - Homebuilder M&A soars - here's why
- Nov -16 - Time to Load Up on Home Builders?
- Oct -30 - Meritage Homes Corporation (MTH) Q3 2024 Earnings Call Transcript
- Oct -30 - Meritage Homes' Q3 Earnings & Revenues Surpass Estimates
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Homebuilding
Expected Growth : 6.5 %
What the company do ?
Meritage Homes Corporation's Homebuilding segment focuses on building and selling single-family homes in the United States, offering energy-efficient and environmentally responsible living spaces.
Why we expect these perspectives ?
Meritage Homes Corporation's 6.5% growth in homebuilding is driven by increasing demand for energy-efficient homes, strategic expansion into new markets, and a focus on entry-level and move-up buyers. Additionally, the company's cost-saving initiatives, such as its 'LiVE.NOW.' smart home technology, have improved profitability and contributed to its growth.
Segment n°2 -> Financial Services
Expected Growth : 7.5 %
What the company do ?
Meritage Homes Corporation's Financial Services segment provides mortgage financing and title services to homebuyers, offering a range of loan products and services to support homeownership.
Why we expect these perspectives ?
Meritage Homes Corporation's 7.5% growth in Financial Services is driven by increasing mortgage originations, expansion of title and insurance services, and strategic partnerships. Additionally, the company's focus on digital transformation, process efficiencies, and cost savings initiatives have contributed to the segment's growth.
Meritage Homes Corporation Products
| Product Range | What is it ? |
|---|---|
| Single-Family Homes | Meritage Homes Corporation builds and sells single-family homes in various communities across the United States. |
| Entry-Level Homes | Meritage Homes offers entry-level homes designed for first-time homebuyers, featuring affordable prices and energy-efficient features. |
| Move-Up Homes | Meritage Homes' move-up homes cater to growing families and individuals seeking more space and upgraded features. |
| Luxury Homes | Meritage Homes' luxury homes feature high-end finishes, advanced smart home technology, and premium materials. |
| Active Adult Communities | Meritage Homes' active adult communities are designed for adults aged 55+, offering low-maintenance living and resort-style amenities. |
Meritage Homes Corporation's Porter Forces
Threat Of Substitutes
The threat of substitutes for Meritage Homes Corporation is medium due to the availability of alternative housing options such as apartments and condominiums.
Bargaining Power Of Customers
The bargaining power of customers for Meritage Homes Corporation is low due to the lack of negotiating power of individual homebuyers.
Bargaining Power Of Suppliers
The bargaining power of suppliers for Meritage Homes Corporation is medium due to the presence of multiple suppliers of building materials and labor.
Threat Of New Entrants
The threat of new entrants for Meritage Homes Corporation is low due to the high barriers to entry in the homebuilding industry, including regulatory hurdles and capital requirements.
Intensity Of Rivalry
The intensity of rivalry for Meritage Homes Corporation is high due to the competitive nature of the homebuilding industry, with many established players competing for market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 19.49% |
| Debt Cost | 3.95% |
| Equity Weight | 80.51% |
| Equity Cost | 12.69% |
| WACC | 10.99% |
| Leverage | 24.20% |
Meritage Homes Corporation : Quality Control
Meritage Homes Corporation passed 5 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| TOL | Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. … |
| MHO | M/I Homes, Inc., together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through … |
| KBH | KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached … |
| TMHC | Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; … |
| CCS | Century Communities, Inc., together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Toll Brothers
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1-Year Total Return ->
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Meritage Homes
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KB Home
A-Score
1-Year Total Return ->
4
Century Communities
A-Score
1-Year Total Return ->
5
Taylor Morrison
A-Score
1-Year Total Return ->
6
