MDC Stock Overview
M.D.C. Holdings, Inc., through its subsidiaries, engages in the homebuilding and financial service businesses.
M.D.C. Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$36.84|
|52 Week High||US$58.92|
|52 Week Low||US$34.56|
|1 Month Change||1.18%|
|3 Month Change||-16.43%|
|1 Year Change||-36.48%|
|3 Year Change||26.91%|
|5 Year Change||35.18%|
|Change since IPO||6,083.08%|
Recent News & Updates
M.D.C. Holdings: A Challenged Housing Sector Might Present An Opportunity
Today, we revisit home builder M.D.C. Holdings for the first time since last summer. Conditions for the housing market have decayed significantly since then, as mortgage rates have spiked. This leaves this stock with a dirt cheap P/E ratio and over five percent dividend yield. Is it time to add to this holding despite a challenged housing sector? A full investment analysis follows in the paragraphs below.
|MDC||US Consumer Durables||US Market|
Return vs Industry: MDC underperformed the US Consumer Durables industry which returned -27.8% over the past year.
Return vs Market: MDC underperformed the US Market which returned -10.4% over the past year.
|MDC Average Weekly Movement||6.4%|
|Consumer Durables Industry Average Movement||7.7%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: MDC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MDC's weekly volatility (6%) has been stable over the past year.
About the Company
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 construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the Richmond American Homes name. The company conducts its homebuilding operations in Arizona, California, Nevada, New Mexico, Oregon, Texas, Washington, Colorado, Idaho, Utah, Maryland, Pennsylvania, Virginia, Tennessee, and Florida.
M.D.C. Holdings Fundamentals Summary
|MDC fundamental statistics|
Is MDC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MDC income statement (TTM)|
|Cost of Revenue||US$4.03b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||8.55|
|Net Profit Margin||11.19%|
How did MDC perform over the long term?See historical performance and comparison
5.4%Current Dividend Yield
Is M.D.C. Holdings undervalued compared to its fair value and its price relative to the market?
Valuation Score 6/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MDC ($36.84) is trading below our estimate of fair value ($112.96)
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 (4.3x) compared to the US Consumer Durables industry average (8.6x).
PE vs Market: MDC is good value based on its PE Ratio (4.3x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: MDC is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: MDC is good value based on its PB Ratio (1x) compared to the US Consumer Durables industry average (1.3x).
How is M.D.C. Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MDC's forecast earnings growth (10.1% per year) is above the savings rate (1.9%).
Earnings vs Market: MDC's earnings (10.1% per year) are forecast to grow slower than the US market (12.6% per year).
High Growth Earnings: MDC's earnings are forecast to grow, but not significantly.
Revenue vs Market: MDC's revenue (12% per year) is forecast to grow faster than the US market (8% per year).
High Growth Revenue: MDC's revenue (12% 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
How has M.D.C. Holdings performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MDC has high quality earnings.
Growing Profit Margin: MDC's current net profit margins (11.2%) are higher than last year (10.3%).
Past Earnings Growth Analysis
Earnings Trend: MDC's earnings have grown significantly by 33% per year over the past 5 years.
Accelerating Growth: MDC's earnings growth over the past year (38.6%) exceeds its 5-year average (33% per year).
Earnings vs Industry: MDC earnings growth over the past year (38.6%) underperformed the Consumer Durables industry 45.1%.
Return on Equity
High ROE: MDC's Return on Equity (22.6%) is considered high.
How is M.D.C. Holdings's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: MDC's short term assets ($4.9B) exceed its short term liabilities ($826.9M).
Long Term Liabilities: MDC's short term assets ($4.9B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: MDC's net debt to equity ratio (44.1%) is considered high.
Reducing Debt: MDC's debt to equity ratio has reduced from 69.5% to 61.6% over the past 5 years.
Debt Coverage: MDC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MDC earns more interest than it pays, so coverage of interest payments is not a concern.
What is M.D.C. Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MDC's dividend (5.43%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: MDC's dividend (5.43%) is in the top 25% of dividend payers in the US market (4.05%)
Stability and Growth of Payments
Stable Dividend: MDC's dividends per share have been stable in the past 10 years.
Growing Dividend: MDC's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (22%), MDC's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: MDC is paying a dividend but the company has no free cash flows.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Mandarich (73 yo)
Mr. David D. Mandarich has been President and Chief Executive Officer of M.D.C. Holdings, Inc. since June 1999 and October 26, 2020, respectively. He served as Chief Operating Officer of M.D.C.Holdings, I...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD16.99M) is above average for companies of similar size in the US market ($USD6.90M).
Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.
Experienced Management: MDC's management team is not considered experienced ( 2 years average tenure), which suggests a new team.
Experienced Board: MDC's board of directors are seasoned and experienced ( 14.5 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
M.D.C. Holdings, Inc.'s employee growth, exchange listings and data sources
- Name: M.D.C. Holdings, Inc.
- Ticker: MDC
- Exchange: NYSE
- Founded: 1972
- Industry: Homebuilding
- Sector: Consumer Durables
- Implied Market Cap: US$2.639b
- Shares outstanding: 71.16m
- Website: https://www.mdcholdings.com
Number of Employees
- M.D.C. Holdings, Inc.
- 4350 South Monaco Street
- Suite 500
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/16 00:00|
|End of Day Share Price||2022/05/16 00:00|
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.