Meritage Homes Statistics
Total Valuation
Meritage Homes has a market cap or net worth of $6.65 billion. The enterprise value is $6.74 billion.
| Market Cap | 6.65B |
| Enterprise Value | 6.74B |
Important Dates
The last earnings date was Wednesday, April 24, 2024, after market close.
| Earnings Date | Apr 24, 2024 |
| Ex-Dividend Date | Jun 14, 2024 |
Share Statistics
Meritage Homes has 36.32 million shares outstanding. The number of shares has decreased by -0.92% in one year.
| Shares Outstanding | 36.32M |
| Shares Change (YoY) | -0.92% |
| Shares Change (QoQ) | -0.46% |
| Owned by Insiders (%) | 2.11% |
| Owned by Institutions (%) | 101.75% |
| Float | 35.56M |
Valuation Ratios
The trailing PE ratio is 8.54 and the forward PE ratio is 9.58. Meritage Homes's PEG ratio is 1.28.
| PE Ratio | 8.54 |
| Forward PE | 9.58 |
| PS Ratio | 1.05 |
| Forward PS | 1.05 |
| PB Ratio | 1.41 |
| P/FCF Ratio | 23.92 |
| PEG Ratio | 1.28 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 6.46, with an EV/FCF ratio of 24.27.
| EV / Earnings | 8.50 |
| EV / Sales | 1.07 |
| EV / EBITDA | 6.46 |
| EV / EBIT | 6.62 |
| EV / FCF | 24.27 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 0.21 |
| Debt / EBITDA | 0.96 |
| Debt / FCF | 3.60 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 17.60% and return on invested capital (ROIC) is 13.22%.
| Return on Equity (ROE) | 17.60% |
| Return on Assets (ROA) | 12.60% |
| Return on Capital (ROIC) | 13.22% |
| Revenue Per Employee | $3.44M |
| Profits Per Employee | $431,699 |
| Employee Count | 1,838 |
| Asset Turnover | 1.01 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Meritage Homes has paid $224.68 million in taxes.
| Income Tax | 224.68M |
| Effective Tax Rate | 22.07% |
Stock Price Statistics
The stock price has increased by +50.01% in the last 52 weeks. The beta is 1.75, so Meritage Homes's price volatility has been higher than the market average.
| Beta (1Y) | 1.75 |
| 52-Week Price Change | +50.01% |
| 50-Day Moving Average | 165.83 |
| 200-Day Moving Average | 149.69 |
| Relative Strength Index (RSI) | 64.34 |
| Average Volume (30 Days) | 438,539 |
Short Selling Information
The latest short interest is 603,764, so 1.66% of the outstanding shares have been sold short.
| Short Interest | 603,764 |
| Short Previous Month | 827,866 |
| Short % of Shares Out | 1.66% |
| Short % of Float | 1.70% |
| Short Ratio (days to cover) | 1.66 |
Income Statement
In the last 12 months, Meritage Homes had revenue of $6.33 billion and earned $793.46 million in profits. Earnings per share was $21.44.
| Revenue | 6.33B |
| Gross Profit | 1.61B |
| Operating Income | 970.92M |
| Pretax Income | 1.02B |
| Net Income | 793.46M |
| EBITDA | 1.04B |
| EBIT | 1.02B |
| Earnings Per Share (EPS) | $21.44 |
Balance Sheet
The company has $905.30 million in cash and $1.00 billion in debt, giving a net cash position of -$96.27 million or -$2.65 per share.
| Cash & Cash Equivalents | 905.30M |
| Total Debt | 1.00B |
| Net Cash | -96.27M |
| Net Cash Per Share | -$2.65 |
| Equity / Book Value | 4.72B |
| Book Value Per Share | 129.98 |
| Working Capital | n/a |
Cash Flow
In the last 12 months, operating cash flow was $313.03 million and capital expenditures -$35.18 million, giving a free cash flow of $277.85 million.
| Operating Cash Flow | 313.03M |
| Capital Expenditures | -35.18M |
| Free Cash Flow | 277.85M |
| FCF Per Share | $7.65 |
Margins
Gross margin is 25.43%, with operating and profit margins of 15.34% and 12.54%.
| Gross Margin | 25.43% |
| Operating Margin | 15.34% |
| Pretax Margin | 16.09% |
| Profit Margin | 12.54% |
| EBITDA Margin | 16.50% |
| EBIT Margin | 16.09% |
| FCF Margin | 4.39% |
Dividends & Yields
This stock pays an annual dividend of $3.00, which amounts to a dividend yield of 1.64%.
| Dividend Per Share | $3.00 |
| Dividend Yield | 1.64% |
| Dividend Growth (YoY) | 277.78% |
| Years of Dividend Growth | 1 |
| Payout Ratio | 13.99% |
| Buyback Yield | 0.92% |
| Shareholder Yield | 2.56% |
| Earnings Yield | 11.94% |
| FCF Yield | 4.18% |
Analyst Forecast
The average price target for Meritage Homes is $242.60, which is 32.57% higher than the current price. The consensus rating is "Buy".
| Price Target | $242.60 |
| Price Target Difference | 32.57% |
| Analyst Consensus | Buy |
| Analyst Count | 7 |
| 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 |