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Meritage Homes (MTH)

(Delayed Data from NYSE)

$118.04 USD

118.04
298,048

+5.66 (5.04%)

Updated Dec 2, 2021 04:00 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy25.42%
2Buy19.05%
3Hold10.68%
4Sell6.41%
5Strong Sell3.08%
S&P50011.42%

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1-Strong Buy of 5 1        

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value F Growth F Momentum F VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 33% (84 out of 254)

Industry: Building Products - Home Builders

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Balance Sheet

Research for MTH

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Meritage Homes Corporation falls in the month of December.

All items in Millions except Per Share data.

12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016
Assets          
Cash & Equivalents 746 319 311 171 132
Receivables 99 88 77 79 70
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 60 51 51 60 86
Total Current Assets 904 459 440 310 288
Net Property & Equipment 2,817 2,795 2,797 2,804 2,455
Investments & Advances 4 4 17 17 17
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 36 26 26 35 53
Intangibles 0 0 0 0 0
Deposits & Other Assets 103 114 84 85 75
Total Assets 3,864 3,398 3,365 3,251 2,889
Liabilities & Shareholders Equity 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016
Notes Payable 0 0 0 0 0
Accounts Payable 175 155 128 141 141
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 296 226 178 181 171
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 25 24 29 34 28
Total Current Liabilities 496 405 335 356 340
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 1,266 1,095
Long-Term Debt 1,020 1,019 1,310 17 32
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 35 0
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 1,517 1,424 1,645 1,674 1,467
Shareholders Equity 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 456 505 502 585 573
Retained Earnings 1,892 1,468 1,219 992 849
Other Equity 0 0 0 0 0
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 2,348 1,974 1,721 1,577 1,422
Total Liabilities & Shareholder's Equity 3,864 3,398 3,365 3,251 2,889
Total Common Equity 2,348 1,974 1,721 1,577 1,422
Shares Outstanding 37.60 38.30 39.90 40.30 40.00
Book Value Per Share 62.44 51.54 43.13 39.13 35.54

Fiscal Year End for Meritage Homes Corporation falls in the month of December.

All items in Millions except Per Share data.

9/30/2021 6/30/2021 3/31/2021 12/31/2020 9/30/2020
Assets          
Cash & Equivalents 562 684 716 746 610
Receivables 149 131 103 99 97
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 78 74 64 60 63
Total Current Assets 789 890 884 904 770
Net Property & Equipment 3,630 3,288 3,012 2,817 2,784
Investments & Advances 4 4 4 4 4
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 39 34 33 36 28
Intangibles 0 0 0 0 0
Deposits & Other Assets 104 106 105 103 102
Total Assets 4,565 4,322 4,038 3,864 3,687
Liabilities & Shareholders Equity 9/30/2021 6/30/2021 3/31/2021 12/31/2020 9/30/2020
Notes Payable 0 0 0 0 0
Accounts Payable 215 215 200 175 168
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 324 283 311 296 274
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 40 34 31 25 26
Total Current Liabilities 579 532 541 496 468
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,161 1,161 1,021 1,020 1,020
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 1,740 1,693 1,562 1,517 1,487
Shareholders Equity 9/30/2021 6/30/2021 3/31/2021 12/31/2020 9/30/2020
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 433 437 453 456 460
Retained Earnings 2,392 2,191 2,024 1,892 1,739
Other Equity 0 0 0 0 0
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 2,825 2,628 2,477 2,348 2,200
Total Liabilities & Shareholder's Equity 4,565 4,322 4,038 3,864 3,687
Total Common Equity 2,825 2,628 2,477 2,348 2,200
Shares Outstanding 37.30 37.60 37.80 37.60 37.60
Book Value Per Share 75.74 69.90 65.52 62.44 58.51