Meritage Homes Corp chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 171.48
Dividend & Yield1.08$ (0.99%)
Beta 1.59
Market capitalization 4.02B
Operating cash flow 405.27M
ESG Scores unknown

Company description

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached 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 in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee. The company also offers title and escrow, mortgage, title insurance, and closing/settlement services to its homebuyers. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.

Sector: Consumer Cyclical - Industry: Residential Construction

Financial Ratios
Quick Ratio1.72
Working Capital0.18
Return On Equity0.24
Debt To Equity0.38
Fixed Asset Ratio-0.02
Fixed Interest Cover3067.9

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities 38.26M 89.77M 93.69M 72.34M
Total Cashflows From Investing Activities -13.49M -18.23M -26.82M -32.29M
Net Borrowings -309.3M -16.38M 118.72M -20.45M
Total Cash From Financing Activities -325.33M -85.97M 51.63M -129.76M
Change To Operating Activities 453k -9.48M -31.95M 10.46M
Issuance Of Stock
Net Income 249.66M 423.48M 737.44M 992.19M
Change In Cash 8M 426.15M -127.29M 243.23M
Effect Of Exchange Rate
Total Cash From Operating Activities 346.82M 530.36M -152.09M 405.27M
Depreciation 27.92M 31.05M 26.25M 24.75M
Change To Account Receivables -9.11M 2.13M -65.11M -102.95M
Other Cashflows From Financing Activities -6.1M -6.1M -6.1M
Change To Netincome 36.01M 33.5M 35.64M 33M
Capital Expenditures -24.39M -19.93M -25.66M -26.97M

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development
Income Before Tax 302.94M 533.57M 954.83M 1.29B
Net Income 249.66M 423.48M 737.44M 992.19M
Selling General Administrative 392.82M 446.92M 466.85M 516.25M
Gross Profit 707.49M 1B 1.44B 1.8B
Ebit 314.67M 553.98M 970.58M 1.29B
Operating Income 314.67M 553.98M 970.58M 1.29B
Interest Expense -8.37M -2.18M -318k -41k
Income Tax Expense 53.28M 110.09M 217.39M 297.13M
Total Revenue 3.67B 4.5B 5.14B 6.29B
Cost Of Revenue 2.96B 3.5B 3.7B 4.49B
Total Other Income ExpenseNet -11.73M -20.41M -15.74M 2.47M
Net Income From Continuing Ops 249.66M 423.48M 737.44M 992.19M
Net Income Applicable To Common Shares 249.66M 423.48M 737.44M 992.19M

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 1.42B 1.52B 1.76B 1.82B
Total Stockholder Equity 1.97B 2.35B 3.04B 3.95B
Other Current Liabilities 30.47M 58.12M 63.56M 60.76M
Total Assets 3.4B 3.86B 4.81B 5.77B
Common Stock 382k 375k 373k 366k
Other Current Assets 50.9M 59.53M 90.68M 76.73M
Retained Earnings 1.47B 1.89B 2.63B 3.62B
Treasury Stock
Cash 319.47M 745.62M 618.34M 861.56M
Total Current Liabilities 346.8M 443.12M 527.12M 619.23M
Other Stockholder Equity
Property, Plant, and Equipment 76.94M 60.56M 58.38M 57.76M
Total Current Assets 3.25B 3.73B 4.66B 5.62B
Net Tangible Assets 1.94B 2.31B 3.01B 3.92B
Net Receivables 88.49M 98.57M 147.55M 215.02M
Accounts Payable 155.02M 175.25M 216.01M 273.27M


Insider Transactions

Here are the insider transactions of stock shares related to Meritage Homes Corp:

Filer Name Transaction Text Ownership Date Filer Relation Shares
HILTON STEVEN JSale at price 106.63 - 107.47 per share.I2023-02-22Officer and Director23.93k
OPPEL RAYMONDSale at price 106.60 per share.D2023-02-22Director5k
SFERRUZZA HILLASale at price 106.39 - 107.70 per share.D2023-02-22Chief Financial Officer21.33k
LORD PHILLIPPESale at price 107.19 per share.D2023-02-22Chief Executive Officer15.45k
FELICIANO JAVIERSale at price 107.72 per share.D2023-02-22Officer2.44k
SZUBINSKI CLINTONSale at price 107.72 per share.D2023-02-22Chief Operating Officer466
SASSER ALISONSale at price 107.72 per share.D2023-02-22Officer208
HILTON STEVEN JI2023-02-21Officer and Director35.63k
SFERRUZZA HILLAD2023-02-21Chief Financial Officer12.73k
LORD PHILLIPPED2023-02-21Chief Executive Officer21.38k
FELICIANO JAVIERD2023-02-21Officer4.45k
HILTON STEVEN JStock Award(Grant) at price 0.00 per share.D2023-02-20Officer and Director4.63k
SFERRUZZA HILLAStock Award(Grant) at price 0.00 per share.D2023-02-20Chief Financial Officer6.72k
LORD PHILLIPPEStock Award(Grant) at price 0.00 per share.D2023-02-20Chief Executive Officer18.77k
FELICIANO JAVIERStock Award(Grant) at price 0.00 per share.D2023-02-20Officer2.99k
CLINTON MALISSIAStock Award(Grant) at price 0.00 per share.D2023-02-20General Counsel3.82k
SZUBINSKI CLINTONStock Award(Grant) at price 0.00 per share.D2023-02-20Chief Operating Officer6.03k
SASSER ALISONSale at price 110.21 - 110.62 per share.D2023-02-17Officer275
KEOUGH JOSEPH AStock Award(Grant) at price 0.00 per share.D2023-02-16Director2.1k
HADDOCK GERALD WStock Award(Grant) at price 0.00 per share.D2023-02-16Director2.1k
CALDERA LOUIS EStock Award(Grant) at price 0.00 per share.D2023-02-16Director2.1k
OPPEL RAYMONDStock Award(Grant) at price 0.00 per share.D2023-02-16Director2.1k
AX PETER LStock Award(Grant) at price 0.00 per share.D2023-02-16Director2.1k
BRADFORD DANA CStock Award(Grant) at price 0.00 per share.D2023-02-16Director2.1k
HENRETTA DEBORAH ANNStock Award(Grant) at price 0.00 per share.D2023-02-16Director2.1k
ODELL MICHAEL RStock Award(Grant) at price 0.00 per share.D2023-02-16Director2.1k
MOONEY P KELLYStock Award(Grant) at price 0.00 per share.D2023-02-16Director2.1k
SASSER ALISONStock Award(Grant) at price 0.00 per share.D2023-02-15Officer1.85k
SZUBINSKI CLINTONSale at price 114.16 per share.D2023-02-14Chief Operating Officer776
SASSER ALISONSale at price 114.16 per share.D2023-02-14Officer345
LORD PHILLIPPESale at price 114.76 per share.I2023-02-03Chief Executive Officer900
FELICIANO JAVIERSale at price 114.77 per share.D2023-02-03Officer6.98k
SASSER ALISONSale at price 114.00 per share.D2023-02-03Officer1.44k
SFERRUZZA HILLAStock Gift at price 0.00 per share.D2022-12-12Chief Financial Officer57
HENRETTA DEBORAH ANNStock Gift at price 0.00 per share.D2022-11-30Director12.3k
HADDOCK GERALD WSale at price 78.79 per share.D2022-08-31Director2k
SASSER ALISONSale at price 87.92 per share.D2022-08-15Officer1k
CLINTON MALISSIAStock Award(Grant) at price 0.00 per share.D2022-08-10General Counsel3.32k
LORD PHILLIPPESale at price 94.39 per share.D2022-03-08Chief Executive Officer1.11k
AX PETER LSale at price 98.86 per share.I2022-03-04Director5.06k
HILTON STEVEN JSale at price 100.99 - 102.17 per share.I2022-03-02Officer and Director39.5k
SFERRUZZA HILLASale at price 100.92 - 102.17 per share.D2022-03-02Chief Financial Officer13.93k
LORD PHILLIPPESale at price 100.97 - 102.16 per share.D2022-03-02Chief Executive Officer24.78k
FELICIANO JAVIERSale at price 101.21 - 101.67 per share.D2022-03-02Officer4.65k
HILTON STEVEN JStock Award(Grant) at price 0.00 per share.D/I2022-03-01Officer and Director45.34k
HILTON STEVEN JI2022-03-01Officer and Director18.83k
SFERRUZZA HILLAStock Award(Grant) at price 0.00 per share.D2022-03-01Chief Financial Officer20.58k
SFERRUZZA HILLAD2022-03-01Chief Financial Officer6.19k
LORD PHILLIPPEStock Award(Grant) at price 0.00 per share.D2022-03-01Chief Executive Officer40.69k
LORD PHILLIPPED2022-03-01Chief Executive Officer10.49k
FELICIANO JAVIERStock Award(Grant) at price 0.00 per share.D2022-03-01Officer7.62k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Meritage Homes Corp. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Meritage Homes Corp

Here is the result of two systematic investment strategies applied to Meritage Homes Corp. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Meritage Homes Corp

The following chart shows the equity curve of the two systematic investment strategies applied to Meritage Homes Corp:

Meritage Homes Corp automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 59.77% on the backtest period.

Performance at glance

Performance

59.77 %

Latent gain

1394.36 $

Invested capital

2333.02 $

Annualized return

14.44 %
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Momentum strategy results on Meritage Homes Corp

This is the result of two momentum investment strategies applied to Meritage Homes Corp. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Meritage Homes Corp

The following chart shows all the entries opened by the momentum investment system on Meritage Homes Corp:

Meritage Homes Corp momentum entries
  • The first momentum investment strategy would give 90.07% of return on Meritage Homes Corp. That represents 4391.87$ of latent gain with 4876.21$ of employed capital.
  • The second momentum investment strategy would give 94.15% of return on Meritage Homes Corp. That represents 2979.98$ of latent gain with 3165.16$ of employed capital.
Performance at glance (1Q Momentum)

Performance

90.07 %

Latent gain

4391.87 $

Invested capital

4876.21 $

Annualized return

12.03 %
Performance at glance (2Q Momentum)

Performance

94.15 %

Latent gain

2979.98 $

Invested capital

3165.16 $

Annualized return

25.72 %

Momentum equity curve on Meritage Homes Corp

The following chart shows the equity curve of the two momentum strategies applied to Meritage Homes Corp:

Meritage Homes Corp momentum equity

Note: the dividends potentially given by Meritage Homes Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Meritage Homes Corp

The following chart shows the employed capital evolution of the two momentum strategies on Meritage Homes Corp since the beginning:

Meritage Homes Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Meritage Homes Corp

Buy the dip entry openings on Meritage Homes Corp

Meritage Homes Corp

The performance achieved by the robo-advisor on Meritage Homes Corp is 25.75%. That represents 598.25$ of latent gain with 2323.21$ of employed capital. The following chart shows Meritage Homes Corp stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Meritage Homes Corp, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

25.75 %

Latent gain

598.25 $

Invested capital

2323.21 $

Annualized return

12.03 %

Equity curve of the strategy applied to Meritage Homes Corp

The following chart shows the result of the investment strategy applied to Meritage Homes Corp:

Meritage Homes Corp

Note: the dividends potentially given by Meritage Homes Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Meritage Homes Corp

The following chart shows the employed capital evolution since the beginning of the investment strategy on Meritage Homes Corp:

Meritage Homes Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Meritage Homes Corp

In this section, I will compare the three previous investment strategies applied to Meritage Homes Corp.

Equity curve comparison on Meritage Homes Corp

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Meritage Homes Corp investment strategy comparison

Employed capital comparison on Meritage Homes Corp

Meritage Homes Corp investment comparison

Performance comparison on Meritage Homes Corp

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 59.77% 1394.36$ 2333.02$ 14.44%
Momentum 1 quarter 90.07% 4391.87$ 4876.21$ 23.09%
Momentum 2 quarters 94.15% 2979.98$ 3165.16$ 25.72%
Non-directional 25.75% 598.25$ 2323.21$ 12.03%
Annualized return comparison

Automatic investment

14.44 %

Momentum 1Q

25.72 %

Momentum 2Q

25.72 %

Non-directional

12.03 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Meritage Homes Corp:

Note: The algorithm computes the probability of correlation between Meritage Homes Corp and the other stocks. There may be false positives or some missing correlated stocks. If the price of Meritage Homes Corp does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Meritage Homes Corp
Country United States
City Scottsdale
Address 8800 East Raintree Drive
Phone 480 515 8100
Website www.meritagehomes.com
FullTime employees 1921
Industry Residential Construction
Sector Consumer Cyclical
Exchange XNYS
Ticker MTH
Market www.nyse.com

Meritage Homes Corp ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown