M.D.C. Holdings, Inc.

NYSE:MDC Stok Raporu

Piyasa değeri: US$4.7b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

M.D.C. Holdings Yönetim

Yönetim kriter kontrolleri 3/4

M.D.C. Holdings CEO'su David Mandarich, Jun1999 tarihinde atandı, in görev süresi 24.83 yıldır. in toplam yıllık tazminatı $ 18.62M olup, şirket hissesi ve opsiyonları dahil olmak üzere 5.4% maaş ve 94.6% ikramiyelerden oluşmaktadır. şirketin hisselerinin 5.61% ine doğrudan sahiptir ve bu hisseler $ 264.95M değerindedir. Yönetim ekibinin ve yönetim kurulunun ortalama görev süresi sırasıyla 3.5 yıl ve 14.8 yıldır.

Anahtar bilgiler

David Mandarich

İcra Kurulu Başkanı

US$18.6m

Toplam tazminat

CEO maaş yüzdesi5.37%
CEO görev süresi24.8yrs
CEO sahipliği5.6%
Yönetim ortalama görev süresi3.5yrs
Yönetim Kurulu ortalama görev süresi14.8yrs

Son yönetim güncellemeleri

Recent updates

Seeking Alpha • Jan 18

M.D.C. Sells To Sekisui At An Attractive Price; Further Upside Is Unlikely

Summary M.D.C. Holdings shares rallied 18% after the acquisition announcement by Sekisui, nearing the purchase price. Sekisui aims to achieve its goal of building 10,000 homes in the US by 2025 with the acquisition of MDC. It is unlikely for the deal to be blocked due to low market share and no antitrust or foreign investment concerns. At 12x earnings and 1.4x book value, no other bidders are likely to emerge. Read the full article on Seeking Alpha
Analiz Makalesi • Jan 03

Earnings Working Against M.D.C. Holdings, Inc.'s (NYSE:MDC) Share Price

With a price-to-earnings (or "P/E") ratio of 11.4x M.D.C. Holdings, Inc. ( NYSE:MDC ) may be sending bullish signals at...
Analiz Makalesi • Dec 18

We Think M.D.C. Holdings (NYSE:MDC) Can Stay On Top Of Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analiz Makalesi • Nov 18

Returns On Capital At M.D.C. Holdings (NYSE:MDC) Have Hit The Brakes

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
Seeking Alpha • Nov 17

M.D.C. Holdings: Navigating Through A Tough Housing Market

Summary Home builder M.D.C. Holdings, Inc. stock has risen over 35% so far in 2023 despite challenges in the housing sector. Earnings and revenues are projected to fall significantly in FY2023, and there is or has been some substantial insider selling in the stock this year. However, the company has a strong balance sheet and also pays a five percent dividend yield. Buy, Sell, or Hold?  An analysis of M.D.C. Holdings, Inc. follows in the paragraphs below. Read the full article on Seeking Alpha
Analiz Makalesi • Nov 03

Is Now An Opportune Moment To Examine M.D.C. Holdings, Inc. (NYSE:MDC)?

M.D.C. Holdings, Inc. ( NYSE:MDC ), might not be a large cap stock, but it saw a double-digit share price rise of over...
Analiz Makalesi • Sep 22

M.D.C. Holdings, Inc.'s (NYSE:MDC) Intrinsic Value Is Potentially 24% Below Its Share Price

Key Insights The projected fair value for M.D.C. Holdings is US$31.53 based on Dividend Discount Model M.D.C. Holdings...
Seeking Alpha • Sep 06

M.D.C. Holdings: Awaiting Q3 Results To Validate If Earnings Normalization Phase Has Started

Summary I maintain a hold rating for MDC as I await 3Q23 results to confirm the start of the earnings normalization phase. 2Q23 earnings exceeded expectations, with a 54% growth in orders and improved pricing trends. It is important to remember that further increases in mortgage rates will certainly impact the earnings trajectory of the business. Read the full article on Seeking Alpha
Analiz Makalesi • Sep 05

We Think M.D.C. Holdings (NYSE:MDC) Can Stay On Top Of Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analiz Makalesi • Aug 01

Upgrade: Analysts Just Made A Substantial Increase To Their M.D.C. Holdings, Inc. (NYSE:MDC) Forecasts

M.D.C. Holdings, Inc. ( NYSE:MDC ) shareholders will have a reason to smile today, with the analysts making substantial...
Analiz Makalesi • Jul 28

Is Now An Opportune Moment To Examine M.D.C. Holdings, Inc. (NYSE:MDC)?

While M.D.C. Holdings, Inc. ( NYSE:MDC ) might not be the most widely known stock at the moment, it led the NYSE...
Analiz Makalesi • Jul 13

We Like These Underlying Return On Capital Trends At M.D.C. Holdings (NYSE:MDC)

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Seeking Alpha • Jul 09

M.D.C. Holdings: Not The Best Financially But Has A Margin Of Safety

Summary MDC is a cyclical company as its performance is tied to US Housing Starts, where there was no growth in the long-term annual average over the past 70 years. MDC had hardly any revenue growth over the past 18 years and should be valued based on its cyclical Earnings Power Value. A valuation of MDC on such a basis showed that there are margins of safety. But I have concerns about MDC financial strengths. Read the full article on Seeking Alpha
Analiz Makalesi • Jun 05

Does M.D.C. Holdings (NYSE:MDC) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Seeking Alpha • May 26

M.D.C. Holdings: Trends Are Turning, But Better To Wait And See

Summary Despite initial concerns, M.D.C. Holdings, Inc. experienced a smaller drop in orders than anticipated, with a notable improvement in market conditions during Q1 2023. Cancellation rates also showed significant improvement. Moving forward, investors should monitor M.D.C. Holdings, Inc.'s efforts to reduce cycle times, as well as the potential for increased gross margins. Given the need for more information to confirm the trend aligns with assumptions, a hold rating is recommended for M.D.C. Holdings, Inc. stock until sufficient data becomes available. Read the full article on Seeking Alpha
Analiz Makalesi • Apr 21

M.D.C. Holdings' (NYSE:MDC) Dividend Will Be $0.50

M.D.C. Holdings, Inc. ( NYSE:MDC ) has announced that it will pay a dividend of $0.50 per share on the 24th of May...
Analiz Makalesi • Apr 14

When Should You Buy M.D.C. Holdings, Inc. (NYSE:MDC)?

M.D.C. Holdings, Inc. ( NYSE:MDC ), might not be a large cap stock, but it saw a double-digit share price rise of over...
Analiz Makalesi • Mar 30

Returns on Capital Paint A Bright Future For M.D.C. Holdings (NYSE:MDC)

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analiz Makalesi • Mar 07

Does M.D.C. Holdings (NYSE:MDC) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Seeking Alpha • Feb 08

M.D.C. Holdings: Near-Term Concerns May Weigh On Share Price Performance

Summary Guidance for 1Q23 includes closings of 1,500 to 1,600 and ASPs of $550 to $560K with a gross margin of 18-19%. Orders dropped in 4Q22, but there was a return to order in January and an improvement is expected in 1Q23. I have near-term concerns about performance due to a weak sales forecast, declining margins, and uncertain demand and interest rate trends. Description I think M.D.C. Holdings (MDC) is entering the very early stage of an up-cycle, which I believe investors seem to think of as well given the share price reaction. However, I have my concerns on the near-term performance of MDC, especially given a weak order guide, declining gross margins, uncertain interest rate environment, and yet-to-be confirmed demand trends. On this backdrop, valuation has already increased to price in an up-cycle movement, which I think an investment today carries much more risk than pre-earnings. In my opinion, if this were to be a true up-cycle, there would be opportunities to make money out of it, there is no need to take additional risk to get exposure today. As such, my recommendation would be to wait out a couple of quarters, at least until we see a more stabilize demand trend. 4Q22 Review Several key points emerged during the earnings call. To begin, at the mid-point, MDC expects a decline in closings of 31% y/y and a decline in gross margins to 18.5% for 1Q23. With regards to demand trends, demand patterns improved in January as a result of MDC's increased market aggression following the completion of its higher-margin backlog. In addition, the majority of the company's 4Q gross orders (74%) were spec, as such MDC plans to keep expanding its spec construction to better meet the needs of modern buyers. On the pricing side of things, discounts for 4Q orders rose by about 4ppts q/q to around 12%, while order ASPs fell by about 6% q/q and 1% y/y on a gross order basis. If we extrapolate these results literally into FY23/24, we could very well see a downward trend in earnings. Order book Orders dropped 94% in 4Q22 due to a decrease in absorption, while average community size increased 13%. An important metric to keep an eye on is the 4Q22 cancellation rate, which hit 87%, up from 81% in 3Q22 and 20% in 4Q21. To combat this, MDC has responded by increasing the amount of the deposit it requires from customers interested in purchasing a built-to-order home. On the bright side, management noted a return to order in January, and this trend is only expected to further improve in 1Q23. This is likely because MDC has become more competitive in the market due to the anticipated Spring selling season. Additionally, as 74% of its 4th quarter orders were for spec construction, management expects to increase their spec constructions to better cater to current buyer preferences. Impairments The $93 million recorded in 4Q22 land impairments is the highest quarterly amount recorded since Q4 of 2008, and is a significant increase from the $28 million recorded in 3Q22. Impairments affected ten communities in MDC's West region and six communities in the Mountain region, most of which were already open for sales with a few that MDC had planned openings in 1Q23. Although I don't find this particularly concerning at the moment, I do think it's something we should keep an eye on in the future in case it's a precursor to a more serious threat. Guidance
Seeking Alpha • Jan 30

M.D.C. Q4 2022 Earnings Preview

M.D.C. (NYSE:MDC) is scheduled to announce Q4 earnings results on Tuesday, January 31, before market open. The consensus EPS estimate is $1.52 and the consensus revenue estimate is $1.31B (-8.4% Y/Y). Over the last 1 year, MDC has beaten EPS and revenue estimates 75% of the time. Over the last 3 months, EPS estimates have seen 0 upward revisions and 5 downward. Revenue estimates have seen 1 upward revision and 2 downward.
Analiz Makalesi • Jan 28

M.D.C. Holdings (NYSE:MDC) Will Pay A Dividend Of $0.50

M.D.C. Holdings, Inc. ( NYSE:MDC ) will pay a dividend of $0.50 on the 22nd of February. The dividend yield will be...
Seeking Alpha • Jan 24

M.D.C. Holdings declares $0.50 dividend

M.D.C. Holdings (NYSE:MDC) declares $0.50/share quarterly dividend, in line with previous. Forward yield 5.45% Payable Feb. 22; for shareholders of record Feb. 8; ex-div Feb. 7. See MDC Dividend Scorecard, Yield Chart, & Dividend Growth.
Analiz Makalesi • Jan 13

M.D.C. Holdings, Inc. (NYSE:MDC) Shares Could Be 24% Above Their Intrinsic Value Estimate

Key Insights M.D.C. Holdings' estimated fair value is US$28.8 based on Dividend Discount Model Current share price of...
Analiz Makalesi • Dec 29

Is M.D.C. Holdings, Inc. (NYSE:MDC) Potentially Undervalued?

While M.D.C. Holdings, Inc. ( NYSE:MDC ) might not be the most widely known stock at the moment, it saw a double-digit...
Analiz Makalesi • Dec 13

Returns On Capital Are A Standout For M.D.C. Holdings (NYSE:MDC)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

CEO Tazminat Analizi

David Mandarich'un ücretlendirmesi M.D.C. Holdings'un kazancına kıyasla nasıl değişti?
TarihToplam TazminatMaaşŞirket Kazançları
Dec 31 2023US$19mUS$1m

US$399m

Sep 30 2023n/an/a

US$359m

Jun 30 2023n/an/a

US$396m

Mar 31 2023n/an/a

US$492m

Dec 31 2022US$16mUS$1m

US$559m

Sep 30 2022n/an/a

US$642m

Jun 30 2022n/an/a

US$643m

Mar 31 2022n/an/a

US$608m

Dec 31 2021US$17mUS$1m

US$571m

Sep 30 2021n/an/a

US$555m

Jun 30 2021n/an/a

US$509m

Mar 31 2021n/an/a

US$439m

Dec 31 2020US$14mUS$830k

US$365m

Sep 30 2020n/an/a

US$311m

Jun 30 2020n/an/a

US$263m

Mar 31 2020n/an/a

US$233m

Dec 31 2019US$11mUS$830k

US$237m

Sep 30 2019n/an/a

US$199m

Jun 30 2019n/an/a

US$202m

Mar 31 2019n/an/a

US$211m

Dec 31 2018US$11mUS$830k

US$210m

Sep 30 2018n/an/a

US$180m

Jun 30 2018n/an/a

US$187m

Mar 31 2018n/an/a

US$158m

Dec 31 2017US$9mUS$830k

US$141m

Tazminat ve Piyasa: David 'nin toplam tazminatı ($USD 18.62M ), US pazarındaki benzer büyüklükteki şirketler için ortalamanın üzerindedir ($USD 7.11M ).

Tazminat ve Kazançlar: David 'in tazminatı, şirketin son bir yıldaki performansıyla tutarlıydı.

CEO

David Mandarich (75 yo)

24.8yrs
Görev süresi
US$18,618,885
Tazminat

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...

Liderlik Ekibi

İsimPozisyonGörev süresiTazminatSahiplik
Larry Mizel
Executive Chairman52.3yrsUS$20.73m5.5%
$ 260.1m
David Mandarich
President24.8yrsUS$18.62m5.61%
$ 264.9m
Robert Martin
Senior VP & CFO8.9yrsUS$7.10m0.37%
$ 17.3m
Michael Kaplan
SVP & General Counsel1.5yrsUS$1.05m0.015%
$ 728.8k
Derek Kimmerle
VP, Chief Accounting Officer & Controller2.6yrsVeri yok0.0036%
$ 172.0k
Ryan Berry
Director of Corporate Finance & Assistant Treasurerno dataVeri yokVeri yok
Krista Montgomery
Senior VP of Human Resources & Chief People Officerno dataVeri yokVeri yok
Jack Gallagher
Regional President of Maryland4.3yrsVeri yokVeri yok
Dawn Huth
Senior VP of National Finance - Richmond American Homes3.5yrsVeri yokVeri yok
Natasha Gandhi
Senior Division President of Southno dataVeri yokVeri yok
Nicole Bloom
Division President of Nevadano dataVeri yokVeri yok
Adib Khoury
Division President of Phoenixno dataVeri yokVeri yok
3.5yrs
Ortalama Görev Süresi
54yo
Ortalama Yaş

Deneyimli Yönetim: MDC 'un yönetim ekibi deneyimli olarak değerlendirilmektedir (ortalama görev süresi 3.5 yıldır).

Yönetim Kurulu Üyeleri

İsimPozisyonGörev süresiTazminatSahiplik
Larry Mizel
Executive Chairman52.3yrsUS$20.73m5.5%
$ 260.1m
David Mandarich
President30.1yrsUS$18.62m5.61%
$ 264.9m
Paris Reece
Independent Director10.9yrsUS$460.19k0.11%
$ 5.0m
Herbert Buchwald
Independent Lead Director30.1yrsUS$811.45k0.025%
$ 1.2m
Raymond Baker
Independent Director12.3yrsUS$567.56k0.075%
$ 3.5m
David Blackford
Independent Director23yrsUS$568.30k0.018%
$ 832.3k
Michael Berman
Independent Director18yrsUS$513.82k0.039%
$ 1.9m
David Siegel
Independent Director14.8yrsUS$549.32k0.037%
$ 1.8m
Rafay Farooqui
Independent Director1.3yrsUS$521.94k0.010%
$ 475.5k
Courtney Mizel
Director6.8yrsUS$427.18k0.068%
$ 3.2m
Janice Sinden
Independent Director2.3yrsUS$416.21k0.021%
$ 1.0m
14.8yrs
Ortalama Görev Süresi
72yo
Ortalama Yaş

Deneyimli Yönetim Kurulu: MDC 'in yönetim kurulu deneyimli ve tecrübelidir (ortalama görev süresi 14.8 yıldır).

Şirket Analizi ve Finansal Veri Durumu

VeriSon Güncelleme (UTC saati)
Şirket Analizi2024/04/19 15:06
Gün Sonu Hisse Fiyatı2024/04/19 00:00
Kazançlar2023/12/31
Yıllık Kazançlar2023/12/31

Veri Kaynakları

Şirket analizimizde kullanılan veriler S&P Global Market Intelligence LLC'den alınmıştır. Bu raporu oluşturmak için analiz modelimizde aşağıdaki veriler kullanılmıştır. Veriler normalize edilmiştir, bu da kaynağın mevcut olmasından kaynaklanan bir gecikmeye neden olabilir.

PaketVeriZaman ÇerçevesiÖrnek ABD Kaynağı *
Şirket Finansalları10 yıl
  • Gelir tablosu
  • Nakit akış tablosu
  • Bilanço
Analist Konsensüs Tahminleri+3 yıl
  • Finansal tahminler
  • Analist fiyat hedefleri
Piyasa Fiyatları30 yıl
  • Hisse senedi fiyatları
  • Temettüler, Bölünmeler ve Eylemler
Sahiplik10 yıl
  • En büyük hissedarlar
  • İçeriden öğrenenlerin ticareti
Yönetim10 yıl
  • Liderlik ekibi
  • Yönetim Kurulu
Önemli Gelişmeler10 yıl
  • Şirket duyuruları

* ABD menkul kıymetleri için örnek, ABD dışı için eşdeğer düzenleyici formlar ve kaynaklar kullanılmıştır.

Belirtilmediği sürece tüm finansal veriler yıllık bir döneme dayanmaktadır ancak üç ayda bir güncellenmektedir. Bu, İzleyen On İki Ay (TTM) veya Son On İki Ay (LTM) Verileri olarak bilinir. Daha fazla bilgi edinin.

Analiz Modeli ve Kar Tanesi

Bu raporu oluşturmak için kullanılan analiz modelinin ayrıntılarına GitHub sayfamızdan ulaşabilirsiniz, ayrıca raporlarımızı nasıl kullanacağınızı anlatan kılavuzlarımız ve Youtube'da eğitim videolarımız da bulunmaktadır.

Simply Wall St analiz modelini tasarlayan ve oluşturan dünya standartlarındaki ekip hakkında bilgi edinin.

Endüstri ve Sektör Metrikleri

Sektör ve bölüm metriklerimiz Simply Wall St tarafından her 6 saatte bir hesaplanmaktadır, sürecimizin ayrıntıları Github'da mevcuttur.

Analist Kaynakları

M.D.C. Holdings, Inc. 18 Bu analistlerden 3, raporumuzun girdisi olarak kullanılan gelir veya kazanç tahminlerini sunmuştur. Analistlerin gönderimleri gün boyunca güncellenmektedir.

AnalistKurum
Christopher GrajaArgus Research Company
John LovalloBofA Global Research
Willy RandowCitigroup Inc