Taylor Morrison Home
Market Cap
US$3.4b
Last Updated
2020/11/27 23:09 UTC
Data Sources
Company Financials +
Executive Summary
Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with adequate balance sheet.
Similar Companies
Share Price & News
How has Taylor Morrison Home's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TMHC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: TMHC's weekly volatility has decreased from 13% to 8% over the past year.
Market Performance
7 Day Return
1.7%
TMHC
1.4%
US Consumer Durables
2.1%
US Market
1 Year Return
12.2%
TMHC
21.9%
US Consumer Durables
19.8%
US Market
Return vs Industry: TMHC underperformed the US Consumer Durables industry which returned 21.9% over the past year.
Return vs Market: TMHC underperformed the US Market which returned 19.7% over the past year.
Shareholder returns
| TMHC | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.7% | 1.4% | 2.1% |
| 30 Day | 10.0% | 8.8% | 8.1% |
| 90 Day | 7.2% | 8.5% | 6.0% |
| 1 Year | 12.2%12.2% | 23.3%21.9% | 22.5%19.8% |
| 3 Year | 8.9%8.9% | 16.5%12.3% | 46.5%36.8% |
| 5 Year | 49.6%49.6% | 55.8%45.9% | 96.9%75.3% |
Long-Term Price Volatility Vs. Market
How volatile is Taylor Morrison Home's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
How Does Taylor Morrison Home's (NYSE:TMHC) CEO Salary Compare to Peers?2 weeks ago | Simply Wall St
Is Taylor Morrison Home (NYSE:TMHC) Using Too Much Debt?4 weeks ago | Simply Wall St
Taylor Morrison Home Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For Next YearValuation
Is Taylor Morrison Home undervalued compared to its fair value and its price relative to the market?
15.57x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TMHC ($26.15) is trading above our estimate of fair value ($8.69)
Significantly Below Fair Value: TMHC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TMHC is poor value based on its PE Ratio (15.6x) compared to the US Consumer Durables industry average (14.2x).
PE vs Market: TMHC is good value based on its PE Ratio (15.6x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: TMHC is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: TMHC is good value based on its PB Ratio (1x) compared to the US Consumer Durables industry average (1.6x).
Next Steps
Future Growth
How is Taylor Morrison Home forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
49.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TMHC's forecast earnings growth (49.1% per year) is above the savings rate (2.2%).
Earnings vs Market: TMHC's earnings (49.1% per year) are forecast to grow faster than the US market (22% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TMHC's revenue (20.8% per year) is forecast to grow faster than the US market (10.2% per year).
High Growth Revenue: TMHC's revenue (20.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TMHC's Return on Equity is forecast to be low in 3 years time (14.6%).
Next Steps
Past Performance
How has Taylor Morrison Home performed over the past 5 years?
32.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TMHC has a large one-off loss of $176.8M impacting its September 30 2020 financial results.
Growing Profit Margin: TMHC's current net profit margins (3.4%) are lower than last year (4.4%).
Past Earnings Growth Analysis
Earnings Trend: TMHC's earnings have grown significantly by 32.6% per year over the past 5 years.
Accelerating Growth: TMHC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TMHC had negative earnings growth (-3.2%) over the past year, making it difficult to compare to the Consumer Durables industry average (29.1%).
Return on Equity
High ROE: TMHC's Return on Equity (5.9%) is considered low.
Next Steps
Financial Health
How is Taylor Morrison Home's financial position?
Financial Position Analysis
Short Term Liabilities: TMHC's short term assets ($6.6B) exceed its short term liabilities ($983.7M).
Long Term Liabilities: TMHC's short term assets ($6.6B) exceed its long term liabilities ($3.3B).
Debt to Equity History and Analysis
Debt Level: TMHC's debt to equity ratio (89.5%) is considered high.
Reducing Debt: TMHC's debt to equity ratio has increased from 88.5% to 89.5% over the past 5 years.
Debt Coverage: TMHC's debt is well covered by operating cash flow (32.7%).
Interest Coverage: TMHC earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Taylor Morrison Home current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TMHC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TMHC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TMHC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TMHC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TMHC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.5yrs
Average management tenure
CEO
Sheryl Palmer (58 yo)
8yrs
Tenure
US$8,304,888
Compensation
Ms. Sheryl D. Palmer has been the Chief Executive Officer and President of Taylor Morrison Inc. at Monarch Development Corporation since August 2007. Ms. Palmer has been Chief Executive Officer of Taylor M...
CEO Compensation Analysis
Compensation vs Market: Sheryl's total compensation ($USD8.30M) is above average for companies of similar size in the US market ($USD5.15M).
Compensation vs Earnings: Sheryl's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 8yrs | US$8.30m | 0.18% $ 6.2m | |
| Executive VP & CFO | 8.08yrs | US$3.17m | 0.061% $ 2.1m | |
| Executive VP | 11.42yrs | US$2.42m | 0.072% $ 2.4m | |
| Chief Accounting Officer | 6.17yrs | no data | 0% $ 0 | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Communications Officer | 2.83yrs | no data | no data | |
| Executive VP & President of Mortgage Operations | 3.58yrs | US$2.50m | no data | |
| Chief Strategy Officer & Executive VP | 4.5yrs | no data | no data | |
| President of Charlotte Division | no data | no data | no data | |
| President of Tampa Division | 1.42yrs | no data | no data | |
| Regional President | no data | no data | no data | |
| Division President of Darling Homes Dallas & Division President for Taylor Morrison's Local Ops | 3.83yrs | no data | no data |
4.5yrs
Average Tenure
52yo
Average Age
Experienced Management: TMHC's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 8yrs | US$8.30m | 0.18% $ 6.2m | |
| Independent Director | 7.42yrs | US$265.01k | 0.0037% $ 126.9k | |
| Independent Director | 6.67yrs | US$255.84k | 0.029% $ 997.4k | |
| Independent Director | 2.33yrs | US$224.17k | 0% $ 0 | |
| Independent Director | 0.75yr | no data | 0.014% $ 479.6k | |
| Independent Director | 0.75yr | no data | 3.14% $ 106.3m | |
| Lead Independent Director | 3.5yrs | US$280.01k | 0% $ 0 | |
| Independent Director | 2.33yrs | US$224.17k | 0% $ 0 | |
| Independent Director | 1.75yrs | US$217.92k | 0.0054% $ 181.4k |
2.3yrs
Average Tenure
57yo
Average Age
Experienced Board: TMHC's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TMHC 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 22.8%.
Top Shareholders
Company Information
Taylor Morrison Home Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Taylor Morrison Home Corporation
- Ticker: TMHC
- Exchange: NYSE
- Founded: 1936
- Industry: Homebuilding
- Sector: Consumer Durables
- Market Cap: US$3.384b
- Shares outstanding: 129.94m
- Website: https://www.taylormorrison.com
Number of Employees
Location
- Taylor Morrison Home Corporation
- 4900 North Scottsdale Road
- Suite 2000
- Scottsdale
- Arizona
- 85251
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TMHC | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Apr 2013 |
| THM | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Apr 2013 |
Biography
Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and d...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/27 23:09 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.