What Is Meritage Homes Corporation's (NYSE:MTH) Share Price Doing?
What Is Meritage Homes Corporation's (NYSE:MTH) Share Price Doing?
Meritage Homes Corporation (NYSE:MTH), might not be a large cap stock, but it received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$188 at one point, and dropping to the lows of US$150. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Meritage Homes' current trading price of US$156 reflective of the actual value of the mid-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Meritage Homes's outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
美佳地房屋公司 (紐交所:MTH) 或許不是個大盤股，但在紐交所的過去幾個月中其股價波動劇烈，一度上漲至188美元，同時也跌至最低150美元。有些股價波動能讓投資者更好地進入股市，或者在更低的價位買入股票。問題是：美佳地房屋當前的股票交易價值爲156美元，是否反映了中盤股票的實際價值？或者當前的價值被低估，爲我們提供了買入的機會？讓我們根據最新的財務數據來看看美佳地房屋的前景和價值，以確定是否存在任何價格變化的催化劑。
What Is Meritage Homes Worth?
美佳地房屋有多少價值？
Good news, investors! Meritage Homes is still a bargain right now according to our price multiple model, which compares the company's price-to-earnings ratio to the industry average. In this instance, we've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. we find that Meritage Homes's ratio of 7.12x is below its peer average of 10.19x, which indicates the stock is trading at a lower price compared to the Consumer Durables industry. What's more interesting is that, Meritage Homes's share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.
投資者，有好消息！根據我們的市盈率比較模型，美佳地房屋目前仍然是賣點。在這種情況下，我們使用市盈率 (PE) 比率，因爲沒有足夠的信息來可靠地預測該股票的現金流。我們發現，美佳地房屋的比率爲7.12x，低於同行業平均比率10.19x，說明該股票的價格較消費行業板塊的其他股票低。更有趣的是，美佳地房屋的股價非常波動，這給了我們更多的機會來購買，因爲股票價格未來可能會下跌 (或上漲)。這基於其高貝塔係數，它是一個好的指標，用於衡量該股票相對於市場其餘部分的波動幅度。
What kind of growth will Meritage Homes generate?
美佳地房屋將會產生怎樣的增長？
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. Though in the case of Meritage Homes, it is expected to deliver a negative earnings growth of -5.3%, which doesn't help build up its investment thesis. It appears that risk of future uncertainty is high, at least in the near term.
如果您正在尋找增長的投資組合，您可能需要在購買股票之前考慮一家公司的前景。以便以較低的價格購買一個前景光明的偉大公司是一項不錯的投資，那麼我們還需要關注一下公司的未來預期。不過在美佳地房屋的情況下，預計會出現-5.3%的負增長率，這並沒有幫助到它的投資論點。至少在短期內，未來不確定性的風險較高。
What This Means For You
這對您意味着什麼？
Are you a shareholder? Although MTH is currently trading below the industry PE ratio, the negative profit outlook does bring on some uncertainty, which equates to higher risk. We recommend you think about whether you want to increase your portfolio exposure to MTH, or whether diversifying into another stock may be a better move for your total risk and return.
如果你是美佳地房屋的股東，儘管目前的股票價格低於行業市盈率，但負利潤前景確實帶來一些不確定性，這意味着風險較高。我們建議您考慮是否要增加對美佳地房屋的投資組合暴露，或者是否將風險和收益總量分散到其他股票中。
Are you a potential investor? If you've been keeping tabs on MTH for some time, but hesitant on making the leap, we recommend you research further into the stock. Given its current price multiple, now is a great time to make a decision. But keep in mind the risks that come with negative growth prospects in the future.
如果你還在考慮是否要購買美佳地公司的股票，請繼續研究這隻股票。考慮到其當前的市盈率，現在是做出決定的絕佳時機。但請記住，將來的負增長前景帶來的風險。
So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. For instance, we've identified 2 warning signs for Meritage Homes (1 is concerning) you should be familiar with.
因此，如果您想深入了解這隻股票，有必要考慮它面臨的任何風險。例如，我們已經確定了關於美佳地房屋的2個警示信號 (其中1個是令人擔憂的)，你應該了解。
If you are no longer interested in Meritage Homes, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果您對美佳地房屋不再感興趣，您可以使用我們的免費平台查看我們的超過50只具有高增長潛力的其他股票列表。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。