MTH - NYSE

Meritage Homes Corporation

Meritage Homes Corporation

MTHยทNYSE

$67.11

+0.090%
Consumer CyclicalResidential Construction

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.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$4.48B
EPS6.4000
P/E Ratio10.49
Earnings Date07/22/2026
Meritage Homes Corporation

Meritage Homes Corporation Fair Value Envelope

MTH ยท NYSE

Our analysis suggests that MTH has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $67.11, this represents a potential HIDDEN relative to our calculated worth for Meritage Homes Corporation.

HIDDEN
Intrinsic Value
Current Price: $67.11

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$1,028.7B
+ Cash & Equivalents$775.2M
Firm Value$1,029.5B
- Debt$1.9B
Equity Value$1,027.6B
/ Shares Outstanding71,556,545B
DCF Value$14.4K
UNDERVALUED BY 21299%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$236.6M
$473.2M
$946.3M
$1.9B
$3.8B
$7.6B
$15.1B
$30.3B
$60.6B
$121.1B
Maintenance CapEx
-$10.3M
-$20.6M
-$41.2M
-$82.3M
-$164.6M
-$329.2M
-$658.5M
-$1.3B
-$2.6B
-$5.3B
Owner Earnings
$226.3M
$452.6M
$905.1M
$1.8B
$3.6B
$7.2B
$14.5B
$29.0B
$57.9B
$115.9B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$209.5M
$388.0M
$718.5M
$1.3B
$2.5B
$4.6B
$8.5B
$15.6B
$29.0B
$53.7B
Terminal Value represents 88.7% of Enterprise Value

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