NYSE:TMHC

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Executive Summary

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


Snowflake Analysis

Undervalued with reasonable growth potential.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-10.0%

TMHC

-7.1%

US Consumer Durables

-0.8%

US Market


1 Year Return

-10.7%

TMHC

14.3%

US Consumer Durables

18.0%

US Market

Return vs Industry: TMHC underperformed the US Consumer Durables industry which returned 16.9% over the past year.

Return vs Market: TMHC underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

TMHCIndustryMarket
7 Day-10.0%-7.1%-0.8%
30 Day5.3%2.3%6.8%
90 Day1.6%12.3%8.9%
1 Year-10.7%-10.7%15.7%14.3%20.7%18.0%
3 Year5.6%5.6%15.2%10.5%41.5%32.1%
5 Year32.3%32.3%46.7%37.4%84.6%63.8%

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

Valuation

Is Taylor Morrison Home undervalued compared to its fair value and its price relative to the market?

33.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TMHC ($24.38) is trading below our estimate of fair value ($36.71)

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


Price To Earnings Ratio

PE vs Industry: TMHC is poor value based on its PE Ratio (18.1x) compared to the US Consumer Durables industry average (14x).

PE vs Market: TMHC is good value based on its PE Ratio (18.1x) compared to the US market (18.9x).


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 6 analysts?

53.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TMHC's forecast earnings growth (53.6% per year) is above the savings rate (2.2%).

Earnings vs Market: TMHC's earnings (53.6% 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 (17.5% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: TMHC's revenue (17.5% per year) is forecast to grow slower 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?

34.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TMHC has a large one-off loss of $226.5M impacting its June 30 2020 financial results.

Growing Profit Margin: TMHC's current net profit margins (2.9%) are lower than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: TMHC's earnings have grown significantly by 34.4% 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 (-33.8%) over the past year, making it difficult to compare to the Consumer Durables industry average (20.9%).


Return on Equity

High ROE: TMHC's Return on Equity (4.7%) 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 ($7.1B) exceed its short term liabilities ($1.2B).

Long Term Liabilities: TMHC's short term assets ($7.1B) exceed its long term liabilities ($3.7B).


Debt to Equity History and Analysis

Debt Level: TMHC's debt to equity ratio (109.8%) is considered high.

Reducing Debt: TMHC's debt to equity ratio has increased from 82.9% to 109.8% over the past 5 years.

Debt Coverage: TMHC's debt is not well covered by operating cash flow (15.2%).

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?

4.4yrs

Average management tenure


CEO

Sheryl Palmer (58 yo)

7.92yrs

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 ($USD8.30M) is above average for companies of similar size in the US market ($USD5.63M).

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

NamePositionTenureCompensationOwnership
Sheryl Palmer
Chairman7.92yrsUS$8.30m0.18%
$ 5.8m
C. Cone
Executive VP & CFO8yrsUS$3.17m0.061%
$ 1.9m
Darrell Sherman
Executive VP11.33yrsUS$2.42m0.072%
$ 2.3m
Joseph Terracciano
Chief Accounting Officer6.08yrsno data0%
$ 0
Jason Lenderman
Vice President of Investor Relationsno datano datano data
Stephanie McCarty
Chief Communications Officer2.75yrsno datano data
Tawn Kelley
Executive VP & President of Mortgage Operations3.5yrsUS$2.50mno data
Erik Heuser
Chief Strategy Officer & Executive VP4.42yrsno datano data
Kevin Granelli
President of Charlotte Divisionno datano datano data
Douglas Miller
President of Tampa Division1.33yrsno datano data
Steve Kempton
Regional Presidentno datano datano data
Scott Schwanke
Division President of Darling Homes Dallas & Division President for Taylor Morrison's Local Ops3.75yrsno datano data

4.4yrs

Average Tenure

52yo

Average Age

Experienced Management: TMHC's management team is considered experienced (4.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sheryl Palmer
Chairman7.92yrsUS$8.30m0.18%
$ 5.8m
David Merritt
Independent Director7.33yrsUS$265.01k0.0038%
$ 118.9k
Anne Mariucci
Independent Director6.58yrsUS$255.84k0.030%
$ 933.4k
Denise Warren
Independent Director2.25yrsUS$224.17k0%
$ 0
Gary Hunt
Independent Director0.67yrno data0.014%
$ 448.7k
William Lyon
Independent Director0.67yrno data3.15%
$ 99.5m
Peter Lane
Lead Independent Director3.42yrsUS$280.01k0%
$ 0
Andrea Owen
Independent Director2.25yrsUS$224.17k0%
$ 0
Jeffry Flake
Independent Director1.67yrsUS$217.92k0.0054%
$ 169.8k

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 23.2%.


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$3.162b
  • Shares outstanding: 129.69m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TMHCNYSE (New York Stock Exchange)YesClass A Common StockUSUSDApr 2013
THMDB (Deutsche Boerse AG)YesClass A Common StockDEEURApr 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/23 00:02
End of Day Share Price2020/10/22 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.