Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Meritage Homes Corporation (MTH)

Company Dividend Discount ModelIndustry: Residential ConstructionSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$197.48 - $616.83$316.64
Multi-Stage$129.18 - $141.21$135.09
Blended Fair Value$225.86
Current Price$72.43
Upside211.84%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%1.510.550.000.000.000.000.000.000.000.00
YoY Growth--174.67%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--2.13%0.64%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)541.63
(-) Cash Dividends Paid (M)118.73
(=) Cash Retained (M)422.90
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)108.3367.7040.62
Cash Retained (M)422.90422.90422.90
(-) Cash Required (M)-108.33-67.70-40.62
(=) Excess Retained (M)314.57355.20382.28
(/) Shares Outstanding (M)72.0972.0972.09
(=) Excess Retained per Share4.364.935.30
LTM Dividend per Share1.651.651.65
(+) Excess Retained per Share4.364.935.30
(=) Adjusted Dividend6.016.576.95
WACC / Discount Rate8.71%8.71%8.71%
Growth Rate5.50%6.50%7.50%
Fair Value$197.48$316.64$616.83
Upside / Downside172.65%337.17%751.63%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)541.63576.84614.33654.26696.79742.08764.34
Payout Ratio21.92%35.54%49.15%62.77%76.38%90.00%92.50%
Projected Dividends (M)118.73204.99301.96410.67532.24667.87707.02

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.71%8.71%8.71%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)186.79188.56190.33
Year 2 PV (M)250.73255.50260.33
Year 3 PV (M)310.73319.65328.74
Year 4 PV (M)366.96381.07395.59
Year 5 PV (M)419.60439.87460.91
PV of Terminal Value (M)7,777.538,153.198,543.22
Equity Value (M)9,312.349,737.8410,179.12
Shares Outstanding (M)72.0972.0972.09
Fair Value$129.18$135.09$141.21
Upside / Downside78.36%86.50%94.96%

High-Yield Dividend Screener

« Prev Page 116 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
601717.SSZCZL Industrial Technology Group Company Limited Class A0.47%$0.124.37%
603999.SSDuZhe Publish&Media Co.,Ltd0.47%$0.0327.06%
605196.SSHebei Huatong Wires and Cables Group Co., Ltd.0.47%$0.1627.88%
6831.TWOTaiwan Microloops Corp.0.47%$1.1234.18%
7715.TNagano Keiki Co., Ltd.0.47%$11.384.07%
ORIENTCQ.BOOriental Carbon & Chemicals Limited0.47%$3.599.54%
SABE.PASaint Jean Groupe S.A.0.47%$0.1010.99%
SANDSandstorm Gold Ltd.0.47%$0.0649.36%
000967.SZInfore Environment Technology Group Co., Ltd.0.46%$0.0328.13%
002517.SZKingnet Network Co., Ltd.0.46%$0.1011.06%
002687.SZZhejiang Giuseppe Garment Co., Ltd0.46%$0.0218.23%
012450.KSHanwha Aerospace Co., Ltd.0.46%$4,318.978.54%
017960.KSHankuk Carbon Co., Ltd.0.46%$127.059.66%
0580.HKSun.King Technology Group Limited0.46%$0.016.21%
300615.SZXDC Industries (Shenzhen) Limited0.46%$0.0684.60%
3017.TWAsia Vital Components Co., Ltd.0.46%$6.7322.60%
5939.TOtani Kogyo Co.,Ltd.0.46%$29.848.22%
600883.SSYunnan Bowin Technology Industry Co.,Ltd0.46%$0.0424.13%
603078.SSJiangyin Jianghua Microelectronics Materials Co., Ltd0.46%$0.0835.00%
603881.SSShanghai AtHub Co.,Ltd.0.46%$0.1468.23%
605086.SSLongyan Kaolin Clay Co., Ltd.0.46%$0.2133.54%
688318.SSShenzhen Fortune Trend technology Co., Ltd.0.46%$0.6032.56%
7581.TSaizeriya Co.,Ltd.0.46%$25.1611.12%
CASN3.SACompanhia Catarinense de Águas e Saneamento - CASAN0.46%$0.0516.52%
000100.KSYuhan Corporation0.45%$506.9855.01%
002580.SZShandong Sacred Sun Power Sources Co.,Ltd0.45%$0.0612.88%
002595.SZHimile Mechanical Science and Technology (Shandong) Co., Ltd0.45%$0.3812.60%
300239.SZBaotou Dongbao Bio-Tech Co.,Ltd0.45%$0.0322.62%
300442.SZRange Intelligent Computing Technology Group Company Limited0.45%$0.248.12%
300850.SZLuoyang Xinqianglian Slewing Bearing Co., Ltd.0.45%$0.189.66%
300877.SZAnHui Jinchun Nonwoven Co., Ltd.0.45%$0.1316.98%
3013.TWChenming Electronic Tech. Corp.0.45%$0.5915.42%
600353.SSChengdu Xuguang Electronics Co., Ltd.0.45%$0.0749.07%
600668.SSZhejiang Jianfeng Group Co., Ltd.0.45%$0.053.04%
600673.SSGuangdong Hec Technologyholding Co., Ltd0.45%$0.1030.44%
600980.SSBGRIMM Technology Co., Ltd.0.45%$0.1017.50%
601117.SSChina National Chemical Engineering Co., Ltd0.45%$0.033.39%
603678.SSFujian Torch Electron Technology Co., Ltd.0.45%$0.1626.27%
ADVE.STAdvenica AB (publ)0.45%$0.0916.90%
DSV.CODSV A/S0.45%$7.1516.56%
MTRS.STMunters Group AB (publ)0.45%$0.8853.87%
ODL.OLOdfjell Drilling Ltd.0.45%$0.4090.93%
POLYCAB.BOPolycab India Limited0.45%$34.9321.40%
002276.SZZhejiang Wanma Co., Ltd.0.44%$0.0715.00%
035420.KSNAVER Corporation0.44%$1,089.508.47%
074600.KQWonik QnC Corporation0.44%$99.819.58%
214150.KQCLASSYS Inc.0.44%$257.0016.59%
300113.SZHangzhou Shunwang Technology Co,Ltd0.44%$0.0916.69%
300557.SZWuhan Ligong Guangke Co., Ltd.0.44%$0.1639.53%
300772.SZWindey Energy Technology Group Co., Ltd.0.44%$0.0814.53%