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TMHC

Taylor Morrison HomeNYSE:TMHC Stock Report

Market Cap

US$3.3b

7D

0.7%

1Y

12.6%

Updated

23 Sep, 2021

Data

Company Financials +
TMHC fundamental analysis
Snowflake Score
Valuation6/6
Future Growth4/6
Past Performance5/6
Financial Health5/6
Dividends0/6

TMHC Overview

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States.

Taylor Morrison Home Competitors

Balwin Properties

JSE:BWN

R1.8b

Price History & Performance

Summary of all time highs, changes and price drops for Taylor Morrison Home
Historical stock prices
Current Share PriceUS$26.73
52 Week HighUS$21.34
52 Week LowUS$33.06
Beta1.77
1 Month Change-4.13%
3 Month Change3.09%
1 Year Change12.64%
3 Year Change46.07%
5 Year Change54.15%
Change since IPO16.02%

Recent News & Updates

Shareholder Returns

TMHCUS Consumer DurablesUS Market
7D0.7%-1.0%-0.5%
1Y12.6%37.8%37.5%

Return vs Industry: TMHC underperformed the US Consumer Durables industry which returned 38.8% over the past year.

Return vs Market: TMHC underperformed the US Market which returned 36.2% over the past year.

Price Volatility

Is TMHC's price volatile compared to industry and market?
TMHC volatility
TMHC Beta1.77
Industry Beta1.45
Market Beta1

Stable Share Price: TMHC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TMHC's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19362,900Sheryl Palmerhttps://www.taylormorrison.com

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties; offers title insurance and closing settlement services, as well as financial services.

Taylor Morrison Home Fundamentals Summary

How do Taylor Morrison Home's earnings and revenue compare to its market cap?
TMHC fundamental statistics
Market CapUS$3.33b
Earnings (TTM)US$431.37m
Revenue (TTM)US$6.39b

7.8x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TMHC income statement (TTM)
RevenueUS$6.39b
Cost of RevenueUS$5.17b
Gross ProfitUS$1.22b
ExpensesUS$791.38m
EarningsUS$431.37m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.34
Gross Margin19.12%
Net Profit Margin6.75%
Debt/Equity Ratio84.0%

How did TMHC perform over the long term?

See historical performance and comparison

Valuation

Is Taylor Morrison Home 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: TMHC ($26.73) is trading below our estimate of fair value ($55.95)

Significantly Below Fair Value: TMHC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TMHC is good value based on its PE Ratio (7.8x) compared to the US Consumer Durables industry average (10.9x).

PE vs Market: TMHC is good value based on its PE Ratio (7.8x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: TMHC is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: TMHC is good value based on its PB Ratio (0.9x) compared to the US Consumer Durables industry average (2x).


Future Growth

How is Taylor Morrison Home forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

34.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TMHC's forecast earnings growth (34.5% per year) is above the savings rate (2%).

Earnings vs Market: TMHC's earnings (34.5% per year) are forecast to grow faster than the US market (14.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TMHC's revenue (13.6% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: TMHC's revenue (13.6% 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 TMHC's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Taylor Morrison Home performed over the past 5 years?

33.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TMHC has high quality earnings.

Growing Profit Margin: TMHC's current net profit margins (6.7%) are higher than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: TMHC's earnings have grown significantly by 33.6% per year over the past 5 years.

Accelerating Growth: TMHC's earnings growth over the past year (176.7%) exceeds its 5-year average (33.6% per year).

Earnings vs Industry: TMHC earnings growth over the past year (176.7%) exceeded the Consumer Durables industry 77.1%.


Return on Equity

High ROE: TMHC's Return on Equity (12%) is considered low.


Financial Health

How is Taylor Morrison Home's financial position?


Financial Position Analysis

Short Term Liabilities: TMHC's short term assets ($6.9B) exceed its short term liabilities ($891.4M).

Long Term Liabilities: TMHC's short term assets ($6.9B) exceed its long term liabilities ($3.6B).


Debt to Equity History and Analysis

Debt Level: TMHC's debt to equity ratio (84%) is considered high.

Reducing Debt: TMHC's debt to equity ratio has reduced from 85% to 84% over the past 5 years.

Debt Coverage: TMHC's debt is well covered by operating cash flow (22.8%).

Interest Coverage: TMHC earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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?

4.7yrs

Average management tenure


CEO

Sheryl Palmer (59 yo)

8.83yrs

Tenure

US$10,377,789

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 ($USD10.38M) is above average for companies of similar size in the US market ($USD5.28M).

Compensation vs Earnings: Sheryl's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: TMHC's management team is considered experienced (4.7 years average tenure).


Board Members

Experienced Board: TMHC's board of directors are considered experienced (3.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Taylor Morrison Home Corporation's 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$3.329b
  • Shares outstanding: 125.29m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 23:06
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.