Meritage Stock Performance
| MTH Stock | USD 177.04 3.92 2.26% |
On a scale of 0 to 100, Meritage holds a performance score of 9. The company secures a Beta (Market Risk) of 0.77, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Meritage's returns are expected to increase less than the market. However, during the bear market, the loss of holding Meritage is expected to be smaller as well. Please check Meritage's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Meritage's current price movements will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Meritage are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite fairly inconsistent basic indicators, Meritage demonstrated solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 2.26 | Five Day Return 3.58 | Year To Date Return 3.68 | Ten Year Return 350.6 | All Time Return 2.3 K |
Forward Dividend Yield 0.0169 | Payout Ratio 0.0727 | Last Split Factor 2:1 | Forward Dividend Rate 3 | Dividend Date 2024-03-29 |
1 | Buffett Just Sold This Under-the-Radar Stock 2 Better, Even Smaller Choices to Buy Instead | 03/06/2024 |
2 | Disposition of tradable shares by Alison Sasser of Meritage at 151.91 subject to Rule 16b-3 | 03/15/2024 |
3 | Meritage Homes Sees a More Significant Dip Than Broader Market Some Facts to Know | 03/22/2024 |
| Meritage dividend paid on 29th of March 2024 | 03/29/2024 |
4 | Should Value Investors Buy Meritage Homes Stock | 04/10/2024 |
5 | Disposition of 2500 shares by Phillippe Lord of Meritage subject to Rule 16b-3 | 04/19/2024 |
6 | PulteGroup Q1 Earnings and Revenues Surpass Estimates | 04/23/2024 |
7 | IBD Rating Upgrades Meritage Homes Flashes Improved Relative Price Strength | 04/24/2024 |
8 | Meritage Q1 Earnings Taking a Look at Key Metrics Versus Estimates | 04/25/2024 |
9 | Meritage Homes Q1 2024 Earnings Call Transcript | 04/26/2024 |
10 | Earnings call Meritage Homes posts strong Q1 results, raises dividend | 04/29/2024 |
11 | Meritage Homes Corporation Q1 2024 Earnings Call Transcript | 04/30/2024 |
12 | Meritage Homes Announces Two-Part Series Investor Day Webcast Calls | 05/01/2024 |
| Begin Period Cash Flow | 861.6 M |
Meritage |
Meritage Relative Risk vs. Return Landscape
If you would invest 15,098 in Meritage on February 5, 2024 and sell it today you would earn a total of 2,606 from holding Meritage or generate 17.26% return on investment over 90 days. Meritage is generating 0.2702% of daily returns assuming volatility of 2.2505% on return distribution over 90 days investment horizon. In other words, 19% of stocks are less volatile than Meritage, and above 95% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Meritage Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meritage's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Meritage, and traders can use it to determine the average amount a Meritage's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1201
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Estimated Market Risk
| 2.25 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Meritage is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Meritage by adding it to a well-diversified portfolio.
Meritage Fundamentals Growth
Meritage Stock prices reflect investors' perceptions of the future prospects and financial health of Meritage, and Meritage fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Meritage Stock performance.
| Return On Equity | 0.18 | ||||
| Return On Asset | 0.0982 | ||||
| Profit Margin | 0.13 % | ||||
| Operating Margin | 0.15 % | ||||
| Current Valuation | 6.58 B | ||||
| Shares Outstanding | 36.32 M | ||||
| Price To Earning | 6.71 X | ||||
| Price To Book | 1.25 X | ||||
| Price To Sales | 0.94 X | ||||
| Revenue | 6.11 B | ||||
| Gross Profit | 1.8 B | ||||
| EBITDA | 1.27 B | ||||
| Net Income | 738.75 M | ||||
| Cash And Equivalents | 861.56 M | ||||
| Cash Per Share | 8.19 X | ||||
| Total Debt | 1.06 B | ||||
| Debt To Equity | 0.31 % | ||||
| Current Ratio | 8.11 X | ||||
| Book Value Per Share | 129.97 X | ||||
| Cash Flow From Operations | 355.57 M | ||||
| Earnings Per Share | 21.46 X | ||||
| Market Capitalization | 6.43 B | ||||
| Total Asset | 6.35 B | ||||
| Retained Earnings | 4.32 B | ||||
| Working Capital | 5.38 B | ||||
| Current Asset | 2.45 B | ||||
| Current Liabilities | 267.6 M | ||||
About Meritage Performance
To evaluate Meritage Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Meritage generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Meritage Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Meritage market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Meritage's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 373.12 | 397.28 | |
| Return On Tangible Assets | 0.12 | 0.13 | |
| Return On Capital Employed | 0.22 | 0.23 | |
| Return On Assets | 0.12 | 0.12 | |
| Return On Equity | 0.16 | 0.17 |
Things to note about Meritage performance evaluation
Checking the ongoing alerts about Meritage for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Meritage help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Meritage is unlikely to experience financial distress in the next 2 years | |
| Over 98.0% of the company shares are owned by institutional investors | |
| On 29th of March 2024 Meritage paid $ 0.75 per share dividend to its current shareholders | |
| Latest headline from globenewswire.com: Meritage Homes Announces Two-Part Series Investor Day Webcast Calls |
- Analyzing Meritage's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Meritage's stock is overvalued or undervalued compared to its peers.
- Examining Meritage's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Meritage's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Meritage's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Meritage's stock. These opinions can provide insight into Meritage's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meritage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in Meritage Stock please use our How to Invest in Meritage guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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When running Meritage's price analysis, check to measure Meritage's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Meritage is operating at the current time. Most of Meritage's value examination focuses on studying past and present price action to predict the probability of Meritage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Meritage's price. Additionally, you may evaluate how the addition of Meritage to your portfolios can decrease your overall portfolio volatility.
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Is Meritage's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Meritage. If investors know Meritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Meritage listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.429 | Dividend Share 1.56 | Earnings Share 21.46 | Revenue Per Share 173.223 | Quarterly Revenue Growth 0.148 |
The market value of Meritage is measured differently than its book value, which is the value of Meritage that is recorded on the company's balance sheet. Investors also form their own opinion of Meritage's value that differs from its market value or its book value, called intrinsic value, which is Meritage's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Meritage's market value can be influenced by many factors that don't directly affect Meritage's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Meritage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Meritage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Meritage's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.