Stock In Focus – TAM Stock Screener – Meritage Homes Corp (NYSE: MTH)

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As part of our ongoing series here at The Acquirer’s Multiple, we provide this feature article titled ‘Stock in Focus‘ where we focus on one of the stocks from our Stock Screeners.

One of the cheapest stocks in our Stock Screeners is Meritage Homes Corp (NYSE: MTH).

Meritage Homes Corp is an American residential construction company that primarily builds single-family and active adult housing communities across the western, southern, and southeastern parts of the United States. Meritage Homes has a homebuilding presence in over 25 metro markets and has expanded its presence in Texas, Florida, Georgia, and the Carolinas. The company is considered one of the industry’s leading energy-efficient homebuilders. Meritage completes approximately 6,000 home orders annually, and the majority of its revenue is derived from move-up single-family homes, followed by active adult housing communities.

A quick look at the share price history for Meritage Homes Corp (below) over the past twelve months shows that the price is up 31%. Here’s why the company is undervalued.


Market Cap: $3.65 Billion

Enterprise Value: $3.98 Billion

Operating Earnings

Operating Earnings: $603 Million

Acquirer’s Multiple

Acquirer’s Multiple: 6.61

Free Cash Flow (TTM)

Free Cash Flow: $453 Million

FCF/EV Yield

FCF/EV Yield: 11%

Other Indicators

Piotroski F-Score: 7

Altman Z-Score: 4.75

Beneish M-Score: -2.29

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