Meritage Net Income vs Income Tax Expense Analysis

MTH Stock  USD 172.63  5.77  3.46%   
Meritage financial indicator trend analysis is infinitely more than just investigating Meritage recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Meritage is a good investment. Please check the relationship between Meritage Net Income and its Income Tax Expense accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meritage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For more detail on how to invest in Meritage Stock please use our How to Invest in Meritage guide.

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Meritage Net Income account and Income Tax Expense. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Meritage's Net Income and Income Tax Expense is 0.1. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Meritage, assuming nothing else is changed. The correlation between historical values of Meritage's Net Income and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Meritage are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Net Income i.e., Meritage's Net Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.1
Relationship DirectionPositive 
Relationship StrengthInsignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Meritage financial statement analysis. It represents the amount of money remaining after all of Meritage operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Income Tax Expense

Most indicators from Meritage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Meritage current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meritage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For more detail on how to invest in Meritage Stock please use our How to Invest in Meritage guide.The current Selling General Administrative is estimated to decrease to about 139.5 M. The current Tax Provision is estimated to decrease to about 146.4 M
 2021 2022 2023 2024 (projected)
Gross Profit1.4B1.8B1.5B1.6B
Total Revenue5.1B6.3B6.1B6.4B

Meritage fundamental ratios Correlations

0.440.99-0.360.97-0.03-0.020.310.45-0.060.610.8-0.210.920.890.90.940.590.98-0.310.950.970.370.830.310.56
0.440.310.560.24-0.13-0.060.861.00.730.950.690.110.220.090.180.430.770.5-0.350.380.260.740.070.730.69
0.990.31-0.481.0-0.01-0.010.190.32-0.20.510.74-0.250.940.930.930.920.510.96-0.270.940.990.280.870.210.48
-0.360.56-0.48-0.55-0.020.030.590.560.860.31-0.150.3-0.64-0.7-0.66-0.330.31-0.34-0.14-0.39-0.490.37-0.570.440.31
0.970.241.0-0.55-0.01-0.020.110.25-0.280.450.71-0.280.950.950.940.910.440.94-0.240.930.990.210.90.140.44
-0.03-0.13-0.01-0.02-0.010.96-0.04-0.14-0.01-0.12-0.11-0.18-0.06-0.17-0.05-0.370.03-0.020.18-0.04-0.030.03-0.060.04-0.24
-0.02-0.06-0.010.03-0.020.96-0.04-0.060.04-0.05-0.1-0.13-0.08-0.18-0.09-0.350.12-0.01-0.06-0.01-0.03-0.05-0.04-0.05-0.16
0.310.860.190.590.11-0.04-0.040.840.870.760.540.30.12-0.030.10.30.60.36-0.190.270.150.92-0.180.940.49
0.451.00.320.560.25-0.14-0.060.840.720.950.690.10.220.10.180.440.780.5-0.360.380.270.710.10.70.72
-0.060.73-0.20.86-0.28-0.010.040.870.720.540.180.37-0.3-0.42-0.33-0.060.530.0-0.23-0.09-0.230.69-0.480.740.43
0.610.950.510.310.45-0.12-0.050.760.950.540.860.00.440.340.410.590.80.68-0.370.560.460.680.30.650.72
0.80.690.74-0.150.71-0.11-0.10.540.690.180.86-0.090.760.70.740.760.650.88-0.280.760.690.550.590.520.59
-0.210.11-0.250.3-0.28-0.18-0.130.30.10.370.0-0.09-0.24-0.28-0.27-0.140.04-0.19-0.23-0.35-0.220.13-0.290.150.06
0.920.220.94-0.640.95-0.06-0.080.120.22-0.30.440.76-0.240.960.990.880.370.92-0.180.890.920.240.80.170.32
0.890.090.93-0.70.95-0.17-0.18-0.030.1-0.420.340.7-0.280.960.950.890.310.88-0.180.870.930.10.890.030.34
0.90.180.93-0.660.94-0.05-0.090.10.18-0.330.410.74-0.270.990.950.850.320.89-0.070.860.90.260.780.190.28
0.940.430.92-0.330.91-0.37-0.350.30.44-0.060.590.76-0.140.880.890.850.530.92-0.350.890.920.320.80.260.6
0.590.770.510.310.440.030.120.60.780.530.80.650.040.370.310.320.530.64-0.410.50.460.470.350.460.68
0.980.50.96-0.340.94-0.02-0.010.360.50.00.680.88-0.190.920.880.890.920.64-0.340.930.930.40.80.350.58
-0.31-0.35-0.27-0.14-0.240.18-0.06-0.19-0.36-0.23-0.37-0.28-0.23-0.18-0.18-0.07-0.35-0.41-0.34-0.38-0.260.11-0.270.12-0.39
0.950.380.94-0.390.93-0.04-0.010.270.38-0.090.560.76-0.350.890.870.860.890.50.93-0.380.920.340.790.280.48
0.970.260.99-0.490.99-0.03-0.030.150.27-0.230.460.69-0.220.920.930.90.920.460.93-0.260.920.240.880.160.48
0.370.740.280.370.210.03-0.050.920.710.690.680.550.130.240.10.260.320.470.40.110.340.24-0.110.990.4
0.830.070.87-0.570.9-0.06-0.04-0.180.1-0.480.30.59-0.290.80.890.780.80.350.8-0.270.790.88-0.11-0.180.39
0.310.730.210.440.140.04-0.050.940.70.740.650.520.150.170.030.190.260.460.350.120.280.160.99-0.180.37
0.560.690.480.310.44-0.24-0.160.490.720.430.720.590.060.320.340.280.60.680.58-0.390.480.480.40.390.37
Click cells to compare fundamentals

Meritage Account Relationship Matchups

Meritage fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.4B3.9B4.8B5.8B6.4B6.7B
Short Long Term Debt Total1.0B1.0B1.2B1.2B1.1B660.1M
Total Stockholder Equity2.0B2.3B3.0B3.9B4.6B4.8B
Net Debt699.5M274.5M541.7M289.1M141.0M134.0M
Retained Earnings1.5B1.9B2.6B3.6B4.3B4.5B
Non Current Assets Total2.9B182.6M91.8M95.8M332.3M643.6M
Non Currrent Assets Other2.7B103.3M(116.8M)(164.7M)218.6M281.4M
Common Stock Shares Outstanding38.9M38.5M37.6M37.1M37.1M32.7M
Liabilities And Stockholders Equity3.4B3.9B4.8B5.8B6.4B6.7B
Non Current Liabilities Total1.0B1.0B1.2B1.2B1.1B674.9M
Other Stockholder Equity505.4M455.8M414.8M327.9M291.0M289.8M
Total Liab1.4B1.5B1.8B1.8B1.7B901.7M
Other Current Liab191.8M267.9M337.3M360.6M279.3M179.7M
Short Term Debt5.4M34.2M28.3M0.054.0M51.3M
Cash319.5M745.6M618.3M861.6M921.2M967.3M
Other Assets29.2M3.0B3.8B4.4B5.1B5.4B
Cash And Short Term Investments319.5M745.6M618.3M861.6M921.2M967.3M
Total Current Assets458.9M3.7B4.7B5.7B6.0B6.3B
Total Current Liabilities405.3M496.4M595.9M671.8M641.6M673.7M
Property Plant And Equipment Net50.6M38.9M37.3M38.6M49.0M46.5M
Accounts Payable155.0M175.3M216.0M273.3M271.7M285.2M
Net Receivables88.5M98.6M147.5M215.0M267.0M280.3M
Common Stock Total Equity382K375K373K366K420.9K325.3K
Property Plant And Equipment Gross50.6M38.9M123.9M123.3M122.7M134.3M
Accumulated Other Comprehensive Income(57.2M)(83.4M)(92.6M)(96.9M)(87.2M)(82.8M)
Common Stock382K375K373K366K364K328.1K
Other Liab24.2M25.1M49.8M38.0M43.7M33.7M
Long Term Debt1.0B1.0B1.2B1.2B1.0B846.3M
Good Will114.1M103.3M124.8M164.7M218.6M229.5M
Inventory2.7B2.8B3.7B4.4B4.7B5.0B
Property Plant Equipment50.6M38.9M37.3M38.6M44.4M30.8M
Other Current Assets(2.7B)59.5M215.5M241.4M111.4M116.9M
Net Tangible Assets2.0B2.3B3.0B3.9B4.5B4.8B
Retained Earnings Total Equity1.5B1.9B2.6B3.6B4.2B4.4B
Long Term Debt Total1.0B1.0B1.2B1.2B1.3B1.1B
Capital Surpluse505.4M455.8M414.8M327.9M295.1M382.9M
Deferred Long Term Liab3.6M3.3M4.7M3.8M4.4M3.5M
Long Term Investments4.4M4.4M5.8M11.8M17.2M29.2M

Meritage Investors Sentiment

The influence of Meritage's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Meritage. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Meritage's public news can be used to forecast risks associated with an investment in Meritage. The trend in average sentiment can be used to explain how an investor holding Meritage can time the market purely based on public headlines and social activities around Meritage. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Meritage's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Meritage's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Meritage's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Meritage.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Meritage in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Meritage's short interest history, or implied volatility extrapolated from Meritage options trading.

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When determining whether Meritage offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Meritage's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Meritage Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Meritage Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meritage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For more detail on how to invest in Meritage Stock please use our How to Invest in Meritage guide.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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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.
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Is Meritage's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Meritage. If investors know Meritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Meritage listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.24)
Dividend Share
1.08
Earnings Share
19.92
Revenue Per Share
167.625
Quarterly Revenue Growth
(0.17)
The market value of Meritage is measured differently than its book value, which is the value of Meritage that is recorded on the company's balance sheet. Investors also form their own opinion of Meritage's value that differs from its market value or its book value, called intrinsic value, which is Meritage's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Meritage's market value can be influenced by many factors that don't directly affect Meritage's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Meritage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Meritage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Meritage's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.