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Meritage Homes Corp

$68.33
Market Cap 4.56B
ROE 7.4%
Gross Margin 17.5%
Debt/Equity 0.4
Current Ratio 0.0
Revenue QoQ -17.7%
EPS QoQ -0.5%
F-Score 5

About

Meritage is the fifth-largest public homebuilder in the United States, based on homes closed in 2023. The Company offers energy-efficient and affordable entry-level and first move-up homes. Operations span across Arizona, California, Colorado, Utah, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina and Tennessee. Meritage has delivered over 190,000 homes in its 38-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. The Company is an industry leader in energy-efficient homebuilding, an eleven-time recipient of the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR® Partner of the Year for Sustained Excellence Award and Residential New Construction Market Leader Award, as well as a four-time recipient of the EPA's Indoor airPLUS Leader Award.

Exchange
NYSE
Sector
Consumer Cyclical
Industry
Residential Construction

Sector context

Consumer Cyclical

Undervalued

Trading at a discount to sector peers

P/E
11.82
vs median 31.73
P/B
0.89
vs median 3.09
ROE
0.07
vs median 0.16

Decent quality with acceptable fundamentals

Mid-cap company with growth potential

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