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Consumer Cyclical - Residential Construction - NYSE - US
$ 66.0
-4.54 %
$ 4.74 B
Market Cap
6.16
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one MTH stock under the worst case scenario is HIDDEN Compared to the current market price of 66 USD, Meritage Homes Corporation is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one MTH stock under the base case scenario is HIDDEN Compared to the current market price of 66 USD, Meritage Homes Corporation is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one MTH stock under the best case scenario is HIDDEN Compared to the current market price of 66 USD, Meritage Homes Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart MTH

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$105.0$105.0$100.0$100.0$95.0$95.0$90.0$90.0$85.0$85.0$80.0$80.0$75.0$75.0$70.0$70.0$65.0$65.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
6.36 B REVENUE
3.68%
1.35 B OPERATING INCOME
49.49%
786 M NET INCOME
6.42%
-228 M OPERATING CASH FLOW
-64.00%
-44.1 M INVESTING CASH FLOW
-1.03%
1.98 M FINANCING CASH FLOW
100.78%
1.61 B REVENUE
1.56%
302 M OPERATING INCOME
26.26%
173 M NET INCOME
-11.90%
-99.6 M OPERATING CASH FLOW
-8.23%
-12.6 M INVESTING CASH FLOW
-7.11%
-67.8 M FINANCING CASH FLOW
-17.78%
Balance Sheet Meritage Homes Corporation
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Current Assets 908 M
Cash & Short-Term Investments 652 M
Receivables 256 M
Other Current Assets 0
Non-Current Assets 334 M
Long-Term Investments 28.7 M
PP&E 47.3 M
Other Non-Current Assets 258 M
52.48 %20.64 %3.81 %20.75 %Total Assets$1.2b
Current Liabilities 212 M
Accounts Payable 212 M
Short-Term Debt 0
Other Current Liabilities 0
Non-Current Liabilities 1.81 B
Long-Term Debt 1.31 B
Other Non-Current Liabilities 502 M
10.51 %64.65 %24.84 %Total Liabilities$2.0b
EFFICIENCY
Earnings Waterfall Meritage Homes Corporation
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Revenue 6.36 B
Cost Of Revenue 4.78 B
Gross Profit 1.58 B
Operating Expenses 231 M
Operating Income 1.35 B
Other Expenses 563 M
Net Income 786 M
7b7b6b6b5b5b4b4b3b3b2b2b1b1b006b(5b)2b(231m)1b(563m)786mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
24.83% GROSS MARGIN
24.83%
21.20% OPERATING MARGIN
21.20%
12.35% NET MARGIN
12.35%
15.29% ROE
15.29%
10.98% ROA
10.98%
102.77% ROIC
102.77%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Meritage Homes Corporation
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600m600m500m500m400m400m300m300m200m200m100m100m00(100m)(100m)(200m)(200m)(300m)(300m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 786 M
Depreciation & Amortization 26 M
Capital Expenditures -28.7 M
Stock-Based Compensation 25.8 M
Change in Working Capital 0
Others -1.2 B
Free Cash Flow -256 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Meritage Homes Corporation
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Wall Street analysts predict an average 1-year price target for MTH of $178 , with forecasts ranging from a low of $70 to a high of $235 .
MTH Lowest Price Target Wall Street Target
70 USD 6.06%
MTH Average Price Target Wall Street Target
178 USD 170.08%
MTH Highest Price Target Wall Street Target
235 USD 256.06%
Price
Max Price Target
Min Price Target
Average Price Target
24024022022020020018018016016014014012012010010080806060May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.97% DIVIDEND YIELD
0.43 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
2.00002.00001.80001.80001.60001.60001.40001.40001.20001.20001.00001.00000.80000.80000.60000.60000.40000.40000.20000.20000.00000.00000.1350.3750.430.06750.3750.06750.3750.06750.340.751.880.43202320232024202420252025
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5. COMPETITION
slide 2 of 8
6. Ownership
Insider Ownership Meritage Homes Corporation
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Sold
0-3 MONTHS
5.86 M USD 6
3-6 MONTHS
0 USD 0
6-9 MONTHS
4.91 M USD 6
9-12 MONTHS
0 USD 0
Bought
1.17 M USD 2
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Meritage Homes First Quarter 2025 Earnings Conference Call and Webcast Scheduled for April 24, 2025 SCOTTSDALE, Ariz., March 19, 2025 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's first quarter 2025 results on Wednesday, April 23, 2025 after the market closes. Management will host a conference call to discuss the results at 8:00 a.m. Pacific Standard Time (11:00 a.m. Eastern Standard Time) on Thursday, April 24, 2025. globenewswire.com - 1 month ago
Meritage Homes Announces Pricing of $500 Million of 5.650% Senior Notes Due 2035 SCOTTSDALE, Ariz., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”) announced today that it has priced a registered underwritten public offering of $500 million aggregate principal amount of 5.650% Senior Notes due 2035 (the “senior notes”). The senior notes will pay interest semi-annually at a rate of 5.650% per year and will mature on March 15, 2035. The closing of the offering is expected to occur on March 6, 2025, subject to the satisfaction of customary closing conditions. Meritage intends to use the net proceeds of the offering for general corporate purposes. globenewswire.com - 1 month ago
2 Recent Stock Splits You've Never Heard of That Certain Wall Street Analysts Think Could Soar 39% and 62% Stock splits can be undertaken for several reasons. They can bring a stock's price down to make it more affordable for a wider range of investors. fool.com - 1 month ago
Meritage Homes Increases Quarterly Cash Dividend and Renews Programmatic Share Repurchase Strategy SCOTTSDALE, Ariz., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest public homebuilder in the U.S., today announced that its Board of Directors has declared a quarterly cash dividend of $0.43 per share. globenewswire.com - 1 month ago
Meritage Homes: Strong Execution And Resilient Demand Fuel Growth MTH's strong order growth and record backlog conversion demonstrate robust demand, despite a tough macro backdrop and high mortgage rates. Management's conservative FY25 guidance sets the stage for potential outperformance, aligning with MTH's historical trend of beating expectations. MTH's quick move-in strategy and aggressive land acquisitions position it well for future growth, particularly in high-demand entry-level segments. seekingalpha.com - 2 months ago
Meritage Homes Corporation (MTH) Q4 2024 Earnings Call Transcript Meritage Homes Corporation (NYSE:MTH ) Q4 2024 Earnings Conference Call January 30, 2025 10:00 AM ET Company Participants Emily Tadano - Vice President, Investor Relations and ESG Steve Hilton - Executive Chairman Phillippe Lord - Chief Executive Officer Hilla Sferruzza - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Rehaut - JPMorgan Alan Ratner - Zelman & Associates John Lovallo - UBS Trevor Allinson - Wolfe Research Stephen Kim - Evercore Carl Reichardt - BTIG Susan Maklari - Goldman Sachs Alex Barron - Housing Research Center Jade Rahmani - KBW Operator Greetings. Welcome to the Meritage Homes Fourth Quarter 2024 Analyst Call. seekingalpha.com - 2 months ago
Meritage Homes' Q4 Earnings & Revenues Surpass Estimates MTH's fourth-quarter 2024 results are backed by its strategy of readily delivering quick-turning, affordable move-in-ready homes and operational efficiency. zacks.com - 2 months ago
Meritage (MTH) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates The headline numbers for Meritage (MTH) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 2 months ago
Meritage Homes (MTH) Q4 Earnings and Revenues Top Estimates Meritage Homes (MTH) came out with quarterly earnings of $4.72 per share, beating the Zacks Consensus Estimate of $2.21 per share. This compares to earnings of $2.69 per share a year ago. zacks.com - 2 months ago
Meritage Homes reports fourth quarter 2024 results SCOTTSDALE, Ariz., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, today announced fourth quarter and full year results for the periods ended December 31, 2024. globenewswire.com - 2 months ago
Meritage Homes to Report Q4 Earnings: What's in Store for the Stock? MTH's fourth-quarter 2024 performance is likely to have reflected profitability pressures, lower deliveries and ASPs. zacks.com - 2 months ago
Meritage Homes (MTH) Expected to Beat Earnings Estimates: Should You Buy? Meritage (MTH) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 2 months ago
8. Profile Summary

Meritage Homes Corporation MTH

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COUNTRY US
INDUSTRY Residential Construction
MARKET CAP $ 4.74 B
Dividend Yield 0.97%
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.
Contact 8800 East Raintree Drive, Scottsdale, AZ, 85260 https://www.meritagehomes.com
IPO Date July 26, 1988
Employees 1898
Officers Mr. Steve Hahn President of Greenville-South Carolina Division Mr. Elliot A. Mann Southern California Division President Ms. Hilla Sferruzza CPA Chief Financial Officer & Executive Vice President Ms. Malissia R. Clinton Executive Vice President, General Counsel & Secretary Emily Tadano Vice President of Investor Relations & ESG Mr. Clinton Szubinski Executive Vice President & Chief Operating Officer Mr. Javier Feliciano Chief People Officer & Executive Vice President Mr. Steven J. Hilton Executive Chairman Mr. Phillippe Lord Chief Executive Officer, Executive Vice President & Director Ms. Alison L. Sasser Senior Vice President, Corporate Controller & Chief Accounting Officer