M D C Holdings Inc (MDC) Fundamental Analysis & Valuation

NYSE:MDC • US5526761086

Current stock price

62.98 USD
+0.03 (+0.05%)
At close:
62.98 USD
0 (0%)
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This MDC fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. MDC Profitability Analysis

1.1 Basic Checks

  • In the past year MDC was profitable.
  • In the past year MDC had a positive cash flow from operations.
  • In the past 5 years MDC has always been profitable.
  • In multiple years MDC reported negative operating cash flow during the last 5 years.
MDC Yearly Net Income VS EBIT VS OCF VS FCFMDC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M 600M 800M

1.2 Ratios

  • The Return On Assets of MDC (7.08%) is better than 62.69% of its industry peers.
  • Looking at the Return On Equity, with a value of 11.81%, MDC is in line with its industry, outperforming 56.72% of the companies in the same industry.
  • MDC has a Return On Invested Capital (6.75%) which is in line with its industry peers.
  • MDC had an Average Return On Invested Capital over the past 3 years of 11.24%. This is above the industry average of 9.06%.
  • The 3 year average ROIC (11.24%) for MDC is well above the current ROIC(6.75%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 7.08%
ROE 11.81%
ROIC 6.75%
ROA(3y)9.67%
ROA(5y)9.11%
ROE(3y)17.29%
ROE(5y)16.48%
ROIC(3y)11.24%
ROIC(5y)10.2%
MDC Yearly ROA, ROE, ROICMDC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20

1.3 Margins

  • MDC has a better Profit Margin (8.59%) than 68.66% of its industry peers.
  • In the last couple of years the Profit Margin of MDC has grown nicely.
  • With a decent Operating Margin value of 10.03%, MDC is doing good in the industry, outperforming 61.19% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MDC has grown nicely.
  • MDC has a worse Gross Margin (19.29%) than 82.09% of its industry peers.
  • MDC's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 10.03%
PM (TTM) 8.59%
GM 19.29%
OM growth 3Y-5.46%
OM growth 5Y1.73%
PM growth 3Y-2.84%
PM growth 5Y4.67%
GM growth 3Y-4.58%
GM growth 5Y-0.69%
MDC Yearly Profit, Operating, Gross MarginsMDC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20 25

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. MDC Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MDC is creating some value.
  • MDC has more shares outstanding than it did 1 year ago.
  • MDC has a better debt/assets ratio than last year.
MDC Yearly Shares OutstandingMDC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
MDC Yearly Total Debt VS Total AssetsMDC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

2.2 Solvency

  • An Altman-Z score of 3.68 indicates that MDC is not in any danger for bankruptcy at the moment.
  • MDC's Altman-Z score of 3.68 is fine compared to the rest of the industry. MDC outperforms 62.69% of its industry peers.
  • MDC has a debt to FCF ratio of 3.28. This is a good value and a sign of high solvency as MDC would need 3.28 years to pay back of all of its debts.
  • The Debt to FCF ratio of MDC (3.28) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.50 indicates that MDC is somewhat dependend on debt financing.
  • MDC has a Debt to Equity ratio of 0.50. This is in the lower half of the industry: MDC underperforms 61.19% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 3.28
Altman-Z 3.68
ROIC/WACC0.73
WACC9.28%
MDC Yearly LT Debt VS Equity VS FCFMDC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 7.70 indicates that MDC has no problem at all paying its short term obligations.
  • MDC's Current ratio of 7.70 is amongst the best of the industry. MDC outperforms 85.07% of its industry peers.
  • A Quick Ratio of 2.69 indicates that MDC has no problem at all paying its short term obligations.
  • With an excellent Quick ratio value of 2.69, MDC belongs to the best of the industry, outperforming 92.54% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 7.7
Quick Ratio 2.69
MDC Yearly Current Assets VS Current LiabilitesMDC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. MDC Growth Analysis

3.1 Past

  • MDC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -31.16%.
  • The Earnings Per Share has been growing by 10.85% on average over the past years. This is quite good.
  • MDC shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -18.80%.
  • Measured over the past years, MDC shows a quite strong growth in Revenue. The Revenue has been growing by 8.66% on average per year.
EPS 1Y (TTM)-31.16%
EPS 3Y0.91%
EPS 5Y10.85%
EPS Q2Q%44.44%
Revenue 1Y (TTM)-18.8%
Revenue growth 3Y5.97%
Revenue growth 5Y8.66%
Sales Q2Q%-11.39%

3.2 Future

  • The Earnings Per Share is expected to grow by 2.76% on average over the next years.
  • The Revenue is expected to grow by 7.39% on average over the next years.
EPS Next Y-1.74%
EPS Next 2Y2.76%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.2%
Revenue Next 2Y7.39%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
MDC Yearly Revenue VS EstimatesMDC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B
MDC Yearly EPS VS EstimatesMDC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

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5

4. MDC Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 11.93, which indicates a very decent valuation of MDC.
  • Compared to the rest of the industry, the Price/Earnings ratio of MDC is on the same level as its industry peers.
  • When comparing the Price/Earnings ratio of MDC to the average of the S&P500 Index (27.42), we can say MDC is valued rather cheaply.
  • The Price/Forward Earnings ratio is 12.14, which indicates a correct valuation of MDC.
  • The rest of the industry has a similar Price/Forward Earnings ratio as MDC.
  • When comparing the Price/Forward Earnings ratio of MDC to the average of the S&P500 Index (22.24), we can say MDC is valued slightly cheaper.
Industry RankSector Rank
PE 11.93
Fwd PE 12.14
MDC Price Earnings VS Forward Price EarningsMDC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • MDC's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, MDC is valued a bit cheaper than 68.66% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.12
EV/EBITDA 9.33
MDC Per share dataMDC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • MDC has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.1
EPS Next 2Y2.76%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. MDC Dividend Analysis

5.1 Amount

  • MDC has a Yearly Dividend Yield of 3.49%. Purely for dividend investing, there may be better candidates out there.
  • MDC's Dividend Yield is rather good when compared to the industry average which is at 1.30. MDC pays more dividend than 88.06% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, MDC pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.49%

5.2 History

  • The dividend of MDC is nicely growing with an annual growth rate of 15.41%!
  • MDC has paid a dividend for at least 10 years, which is a reliable track record.
  • MDC has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)15.41%
Div Incr Years4
Div Non Decr Years6
MDC Yearly Dividends per shareMDC Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.5 1 1.5 2

5.3 Sustainability

  • 38.93% of the earnings are spent on dividend by MDC. This is a low number and sustainable payout ratio.
  • The dividend of MDC is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP38.93%
EPS Next 2Y2.76%
EPS Next 3YN/A
MDC Yearly Income VS Free CF VS DividendMDC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M 600M 800M
MDC Dividend Payout.MDC Dividend Payout, showing the Payout Ratio.MDC Dividend Payout.PayoutRetained Earnings

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MDC Fundamentals: All Metrics, Ratios and Statistics

M D C Holdings Inc

NYSE:MDC (4/18/2024, 8:07:10 PM)

After market: 62.98 0 (0%)

62.98

+0.03 (+0.05%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)04-25
Earnings (Next)07-25
Inst Owners26.27%
Inst Owner Change0%
Ins Owners0.23%
Ins Owner Change0%
Market Cap4.73B
Revenue(TTM)4.64B
Net Income(TTM)398.81M
Analysts48.33
Price Target58.14 (-7.68%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.49%
Yearly Dividend2.11
Dividend Growth(5Y)15.41%
DP38.93%
Div Incr Years4
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.26%
Min EPS beat(2)3.38%
Max EPS beat(2)15.13%
EPS beat(4)4
Avg EPS beat(4)44.26%
Min EPS beat(4)3.38%
Max EPS beat(4)93.72%
EPS beat(8)6
Avg EPS beat(8)17.75%
EPS beat(12)9
Avg EPS beat(12)12.15%
EPS beat(16)12
Avg EPS beat(16)14.32%
Revenue beat(2)1
Avg Revenue beat(2)0.26%
Min Revenue beat(2)-2.9%
Max Revenue beat(2)3.41%
Revenue beat(4)3
Avg Revenue beat(4)9.71%
Min Revenue beat(4)-2.9%
Max Revenue beat(4)20.29%
Revenue beat(8)7
Avg Revenue beat(8)7.44%
Revenue beat(12)8
Avg Revenue beat(12)3.75%
Revenue beat(16)10
Avg Revenue beat(16)3.81%
PT rev (1m)-3.39%
PT rev (3m)8.37%
EPS NQ rev (1m)2.76%
EPS NQ rev (3m)9.52%
EPS NY rev (1m)-0.2%
EPS NY rev (3m)0.46%
Revenue NQ rev (1m)8.96%
Revenue NQ rev (3m)12.73%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)1.36%
Valuation
Industry RankSector Rank
PE 11.93
Fwd PE 12.14
P/S 1.02
P/FCF 9.12
P/OCF 8.42
P/B 1.4
P/tB 1.4
EV/EBITDA 9.33
EPS(TTM)5.28
EY8.38%
EPS(NY)5.19
Fwd EY8.24%
FCF(TTM)6.91
FCFY10.97%
OCF(TTM)7.48
OCFY11.88%
SpS61.86
BVpS45.01
TBVpS44.93
PEG (NY)N/A
PEG (5Y)1.1
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA 7.08%
ROE 11.81%
ROCE 9.36%
ROIC 6.75%
ROICexc 9.88%
ROICexgc 10.89%
OM 10.03%
PM (TTM) 8.59%
GM 19.29%
FCFM 11.17%
ROA(3y)9.67%
ROA(5y)9.11%
ROE(3y)17.29%
ROE(5y)16.48%
ROIC(3y)11.24%
ROIC(5y)10.2%
ROICexc(3y)13.75%
ROICexc(5y)12.3%
ROICexgc(3y)15.03%
ROICexgc(5y)13.54%
ROCE(3y)15.67%
ROCE(5y)14.28%
ROICexgc growth 3Y-6.21%
ROICexgc growth 5Y1.48%
ROICexc growth 3Y-5.69%
ROICexc growth 5Y1.3%
OM growth 3Y-5.46%
OM growth 5Y1.73%
PM growth 3Y-2.84%
PM growth 5Y4.67%
GM growth 3Y-4.58%
GM growth 5Y-0.69%
F-Score5
Asset Turnover0.82
Health
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 3.28
Debt/EBITDA 3.46
Cap/Depr 168.85%
Cap/Sales 0.93%
Interest Coverage 507.7
Cash Conversion 114.36%
Profit Quality 130.01%
Current Ratio 7.7
Quick Ratio 2.69
Altman-Z 3.68
F-Score5
WACC9.28%
ROIC/WACC0.73
Cap/Depr(3y)122.4%
Cap/Depr(5y)114.53%
Cap/Sales(3y)0.67%
Cap/Sales(5y)0.69%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-31.16%
EPS 3Y0.91%
EPS 5Y10.85%
EPS Q2Q%44.44%
EPS Next Y-1.74%
EPS Next 2Y2.76%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-18.8%
Revenue growth 3Y5.97%
Revenue growth 5Y8.66%
Sales Q2Q%-11.39%
Revenue Next Year6.2%
Revenue Next 2Y7.39%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-48.03%
EBIT growth 3Y0.19%
EBIT growth 5Y10.54%
EBIT Next Year47.13%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-40.85%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-37.98%
OCF growth 3YN/A
OCF growth 5YN/A

M D C Holdings Inc / MDC Fundamental Analysis FAQ

What is the ChartMill fundamental rating of M D C Holdings Inc (MDC) stock?

ChartMill assigns a fundamental rating of 6 / 10 to MDC.


What is the valuation status for MDC stock?

ChartMill assigns a valuation rating of 5 / 10 to M D C Holdings Inc (MDC). This can be considered as Fairly Valued.


What is the profitability of MDC stock?

M D C Holdings Inc (MDC) has a profitability rating of 6 / 10.


What are the PE and PB ratios of M D C Holdings Inc (MDC) stock?

The Price/Earnings (PE) ratio for M D C Holdings Inc (MDC) is 11.93 and the Price/Book (PB) ratio is 1.4.


What is the earnings growth outlook for M D C Holdings Inc?

The Earnings per Share (EPS) of M D C Holdings Inc (MDC) is expected to decline by -1.74% in the next year.