M.D.C. Holdings
Market Cap
US$3.6b
Last Updated
2021/09/19 22:02 UTC
Data Sources
Company Financials +
Executive Summary
M.D.C. Holdings, Inc., through its subsidiaries, engages in the homebuilding and financial service businesses. More Details
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with solid track record and pays a dividend.
Similar Companies
Share Price & News
How has M.D.C. Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MDC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MDC's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
1.6%
MDC
-0.8%
US Consumer Durables
-0.6%
US Market
1 Year Return
20.6%
MDC
36.8%
US Consumer Durables
33.8%
US Market
Return vs Industry: MDC underperformed the US Consumer Durables industry which returned 36.8% over the past year.
Return vs Market: MDC underperformed the US Market which returned 33.8% over the past year.
Shareholder returns
| MDC | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.6% | -0.8% | -0.6% |
| 30 Day | 0.1% | -1.9% | 1.0% |
| 90 Day | -2.3% | 2.3% | 3.4% |
| 1 Year | 24.2%20.6% | 38.3%36.8% | 35.8%33.8% |
| 3 Year | 115.1%94.3% | 89.3%81.9% | 60.0%50.1% |
| 5 Year | 219.0%167.9% | 101.9%86.3% | 123.0%98.7% |
Long-Term Price Volatility Vs. Market
How volatile is M.D.C. Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
M.D.C. Holdings, Inc.'s (NYSE:MDC) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?3 weeks ago | Simply Wall St
Is M.D.C. Holdings, Inc. (NYSE:MDC) Potentially Undervalued?1 month ago | Simply Wall St
Have Insiders Sold M.D.C. Holdings, Inc. (NYSE:MDC) Shares Recently?Valuation
Is M.D.C. Holdings undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MDC ($51.55) is trading below our estimate of fair value ($309.97)
Significantly Below Fair Value: MDC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MDC is good value based on its PE Ratio (7.2x) compared to the US Consumer Durables industry average (11x).
PE vs Market: MDC is good value based on its PE Ratio (7.2x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: MDC is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: MDC is good value based on its PB Ratio (1.6x) compared to the US Consumer Durables industry average (2x).
Future Growth
How is M.D.C. Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
24.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MDC's forecast earnings growth (24.1% per year) is above the savings rate (2%).
Earnings vs Market: MDC's earnings (24.1% per year) are forecast to grow faster than the US market (14.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MDC's revenue (17.6% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: MDC's revenue (17.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MDC's Return on Equity is forecast to be high in 3 years time
Past Performance
How has M.D.C. Holdings performed over the past 5 years?
31.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MDC has a high level of non-cash earnings.
Growing Profit Margin: MDC's current net profit margins (10.7%) are higher than last year (7.5%).
Past Earnings Growth Analysis
Earnings Trend: MDC's earnings have grown significantly by 31% per year over the past 5 years.
Accelerating Growth: MDC's earnings growth over the past year (93.6%) exceeds its 5-year average (31% per year).
Earnings vs Industry: MDC earnings growth over the past year (93.6%) exceeded the Consumer Durables industry 71.4%.
Return on Equity
High ROE: MDC's Return on Equity (21.9%) is considered high.
Financial Health
How is M.D.C. Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: MDC's short term assets ($4.3B) exceed its short term liabilities ($705.2M).
Long Term Liabilities: MDC's short term assets ($4.3B) exceed its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: MDC's debt to equity ratio (66.9%) is considered high.
Reducing Debt: MDC's debt to equity ratio has reduced from 74.3% to 66.9% over the past 5 years.
Debt Coverage: MDC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MDC earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is M.D.C. Holdings's current dividend yield, its reliability and sustainability?
3.10%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MDC's dividend (3.1%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: MDC's dividend (3.1%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: MDC's dividends per share have been stable in the past 10 years.
Growing Dividend: MDC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.1%), MDC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.7yrs
Average management tenure
CEO
David Mandarich (73 yo)
0.92
Tenure
US$13,922,882
Compensation
Mr. David D. Mandarich has been President and Chief Executive Officer of M.D.C. Holdings, Inc. since June 1999 and October 26, 2020 respectively. He served as Chief Operating Officer of M.D.C.Holdings, In...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD13.92M) is above average for companies of similar size in the US market ($USD5.27M).
Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: MDC's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
Experienced Board: MDC's board of directors are seasoned and experienced ( 14.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MDC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.1%.
Top Shareholders
Company Information
M.D.C. Holdings, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: M.D.C. Holdings, Inc.
- Ticker: MDC
- Exchange: NYSE
- Founded: 1972
- Industry: Homebuilding
- Sector: Consumer Durables
- Market Cap: US$3.640b
- Shares outstanding: 70.62m
- Website: https://www.mdcholdings.com
Number of Employees
Location
- M.D.C. Holdings, Inc.
- 4350 South Monaco Street
- Suite 500
- Denver
- Colorado
- 80237
- United States
Listings
Biography
M.D.C. Holdings, Inc., through its subsidiaries, engages in the homebuilding and financial service businesses. Its homebuilding operations include purchasing finished lots or developing lots for the constr...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/19 22:02 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.