Based on the measurements of operating efficiency obtained from Meritage's historical financial statements, Meritage is performing exceptionally good at this time. It has a great probability to report excellent financial results in February. As of now, Meritage's Retained Earnings are increasing as compared to previous years. The Meritage's current Non Current Assets Total is estimated to increase to about 644.8 M, while Net Debt is projected to decrease to under 485.6 M. Key indicators impacting Meritage's financial strength include:
The financial analysis of Meritage is a critical element in measuring its lifeblood. Investors should not minimize Meritage's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.
Meritage competes with KB Home, Cavco Industries, MI Homes, Skyline, and Taylor Morn. Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family homes in the United States. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona. Meritage Corp operates under Residential Construction classification in the United States and is traded on New York Stock Exchange. It employs 1773 people.
Comparative valuation techniques use various fundamental indicators to help in determining Meritage's current stock value. Our valuation model uses many indicators to compare Meritage value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Meritage competition to find correlations between indicators driving Meritage's intrinsic value. More Info.
Meritage is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about 0.53 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Meritage is roughly 1.89 . As of now, Meritage's Return On Equity is increasing as compared to previous years. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Meritage's earnings, one of the primary drivers of an investment's value.
Meritage's Earnings Breakdown by Geography
Meritage Systematic Risk
Meritage's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Meritage volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on Meritage correlated with the market. If Beta is less than 0 Meritage generally moves in the opposite direction as compared to the market. If Meritage Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Meritage is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Meritage is generally in the same direction as the market. If Beta > 1 Meritage moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Meritage Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Meritage's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Meritage growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Meritage help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Meritage. We use our internally-developed statistical techniques to arrive at the intrinsic value of Meritage based on widely used predictive technical indicators. In general, we focus on analyzing Meritage Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Meritage's daily price indicators and compare them against related drivers.
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.