XNYS
MTH
Market cap4.96bUSD
May 16, Last price
69.03USD
1D
1.96%
1Q
-6.44%
Jan 2017
98.36%
Name
Meritage Homes Corp
Chart & Performance
Profile
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.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
Income | ||||||||||
Revenues | 6,363,872 3.68% | 6,138,263 -2.54% | 6,298,154 22.36% | |||||||
Cost of revenue | 5,014,885 | 5,235,218 | 5,011,509 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 1,348,987 | 903,045 | 1,286,645 | |||||||
NOPBT Margin | 21.20% | 14.71% | 20.43% | |||||||
Operating Taxes | 216,684 | 210,682 | 297,126 | |||||||
Tax Rate | 16.06% | 23.33% | 23.09% | |||||||
NOPAT | 1,132,303 | 692,363 | 989,519 | |||||||
Net income | 786,186 6.42% | 738,748 -25.54% | 992,192 34.54% | |||||||
Dividends | (108,590) | (39,534) | ||||||||
Dividend yield | 0.96% | 0.61% | ||||||||
Proceeds from repurchase of equity | (125,932) | (59,067) | (109,303) | |||||||
BB yield | 1.12% | 0.91% | 3.20% | |||||||
Debt | ||||||||||
Debt current | ||||||||||
Long-term debt | 1,362,360 | 1,106,777 | 1,173,429 | |||||||
Deferred revenue | 1,139,810 | |||||||||
Other long-term liabilities | 502,069 | 46,878 | (1,150,647) | |||||||
Net debt | 682,070 | 168,380 | 300,115 | |||||||
Cash flow | ||||||||||
Cash from operating activities | (227,576) | 355,572 | 405,270 | |||||||
CAPEX | (28,658) | (38,192) | (26,971) | |||||||
Cash from investing activities | (44,074) | (43,623) | (32,286) | |||||||
Cash from financing activities | 1,978 | (252,283) | (129,758) | |||||||
FCF | 5,356,860 | 341,325 | 346,882 | |||||||
Balance | ||||||||||
Cash | 651,555 | 921,227 | 861,561 | |||||||
Long term investments | 28,735 | 17,170 | 11,753 | |||||||
Excess cash | 362,096 | 631,484 | 558,406 | |||||||
Stockholders' equity | 4,998,537 | 4,320,945 | 3,621,733 | |||||||
Invested Capital | 6,588,081 | 5,080,031 | 4,505,833 | |||||||
ROIC | 19.41% | 14.45% | 23.84% | |||||||
ROCE | 19.41% | 15.81% | 25.35% | |||||||
EV | ||||||||||
Common stock shares outstanding | 73,332 | 37,069 | 37,101 | |||||||
Price | 153.82 -11.70% | 174.20 88.94% | 92.20 -24.46% | |||||||
Market cap | 11,279,928 74.68% | 6,457,420 88.77% | 3,420,712 -26.70% | |||||||
EV | 11,961,998 | 6,625,800 | 3,720,827 | |||||||
EBITDA | 1,374,946 | 928,379 | 1,311,393 | |||||||
EV/EBITDA | 8.70 | 7.14 | 2.84 | |||||||
Interest | 41 | |||||||||
Interest/NOPBT | 0.00% |