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MDC - M.D.C. Holdings, Inc.

NYSE -> Consumer Cyclical -> Residential Construction
Denver, United States
Type: Equity

MDC price evolution
MDC
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $1642.9 $1362.29 $1155.87 $804.99
Short term investments
Net receivables $119 $81.31 $67.5 $67.86
Inventory $3301.05 $3236.33 $3145.27 $3257.78
Total current assets $5074.18 $4688.75 $4433.2 $4139.44
Long term investments
Property, plant & equipment $82.22 $62.4 $63.01 $63.79
Goodwill & intangible assets
Total noncurrent assets
Total investments $336.46 $589.77 $835.31 $975.63
Total assets $5631.09 $5488 $5413.53 $5315.82
Current liabilities
Accounts payable $228.34 $243.91 $234.52 $220.23
Deferred revenue
Short long term debt
Total current liabilities $659.04 $605.81 $699.44 $599.78
Long term debt $1493.4 $1493.19 $1492.98 $1492.78
Total noncurrent liabilities
Total debt $1698.38 $1638.66 $1616.14 $1623.31
Total liabilities $2253.2 $2195.46 $2192.43 $2185.7
Shareholders' equity
Retained earnings $1552.65 $1474.21 $1407.97 $1351.04
Other shareholder equity $0.05 $0.09 $0.09 $0.32
Total shareholder equity $3377.89 $3292.54 $3221.1 $3130.12
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $1642.9 $717.1 $603.46 $503.97
Short term investments
Net receivables $119 $116.36 $98.58 $72.47
Inventory $3301.05 $3515.78 $3760.85 $2832.23
Total current assets $5074.18 $4359.43 $4476.15 $3754.36
Long term investments
Property, plant & equipment $82.22 $89.37 $60.56 $61.88
Goodwill & intangible assets
Total noncurrent assets $110.56
Total investments $336.46 $790.61 $282.53 $232.56
Total assets $5631.09 $5363.27 $4963.53 $3864.92
Current liabilities
Accounts payable $228.34 $135.55 $247.39 $194.49
Deferred revenue
Short long term debt
Total current liabilities $659.04 $684.34 $642.93 $505.23
Long term debt $1493.4 $1492.58 $1491.78 $1037.39
Total noncurrent liabilities $1239.78
Total debt $1698.38 $1668.33 $1748.08 $1249.78
Total liabilities $2253.2 $2271.49 $2366.38 $1745.01
Shareholders' equity
Retained earnings $1552.65 $1306.88 $887.16 $711.67
Other shareholder equity $0.05
Total shareholder equity $3377.89 $3091.78 $2597.15 $2119.91
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $1346.46 $1110.82 $1136.09 $1049.5
Cost of revenue $1064.33 $878.82 $922.49 $848.55
Gross Profit $282.13 $232 $213.6 $200.96
Operating activities
Research & development
Selling, general & administrative $126.86 $101.31 $106.73 $94.99
Total operating expenses $143.57 $116.81 $122.35 $109.18
Operating income $138.56 $115.19 $91.25 $91.78
Income from continuing operations
EBIT $164.28 $139.81 $113.05 $108.97
Income tax expense $44.77 $32.5 $19.56 $28.27
Interest expense
Net income
Net income $119.51 $107.31 $93.49 $80.7
Income (for common shares) $119.51 $107.31 $93.49 $80.7
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $4642.87 $5717.99 $5254.67 $3901.21
Cost of revenue $3714.19 $4336.25 $3925.69 $2982.67
Gross Profit $928.68 $1381.73 $1328.97 $918.54
Operating activities
Research & development
Selling, general & administrative $429.89 $536.39 $493.99 $403.22
Total operating expenses $492.84 $640.71 $563.95 $460.89
Operating income $435.84 $741.02 $765.03 $457.65
Income from continuing operations
EBIT $526.11 $759.85 $751.69 $457.51
Income tax expense $125.1 $197.72 $178.04 $89.93
Interest expense
Net income
Net income $401 $562.14 $573.66 $367.58
Income (for common shares) $401 $562.14 $573.66 $367.58
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $119.51 $107.31 $93.49 $80.7
Operating activities
Depreciation $7.68 $6.42 $5.95 $5.5
Business acquisitions & disposals
Stock-based compensation $9.11 $4.07 $4.79 $5.5
Total cash flows from operations -$61.52 -$28.78 $225.76 $426.16
Investing activities
Capital expenditures -$28.27 -$4.33 -$5.16 -$5.39
Investments $352.02 $257.06 $142.88 -$239.37
Total cash flows from investing $323.76 $252.73 $137.72 -$244.76
Financing activities
Dividends paid -$41.06 -$41.06 -$36.57 -$36.54
Sale and purchase of stock -$0.04 $1.22 $31.33 -$11.74
Net borrowings $59.51 $22.32 -$7.38 -$45.23
Total cash flows from financing $18.37 -$17.52 -$12.61 -$93.51
Effect of exchange rate
Change in cash and equivalents $280.61 $206.42 $350.88 $87.9
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $401 $562.14 $573.66 $367.58
Operating activities
Depreciation $25.55 $27.75 $31.67 $27.17
Business acquisitions & disposals
Stock-based compensation $23.47 $60.98 $39.66 $30.06
Total cash flows from operations $561.63 $905.65 -$207.99 -$23.09
Investing activities
Capital expenditures -$43.15 -$29.07 -$29.69 -$26.78
Investments $512.59 -$556.81 $48.46
Total cash flows from investing $469.44 -$585.88 -$27.68 $21.68
Financing activities
Dividends paid -$155.24 -$142.42 -$118.53 -$89.01
Sale and purchase of stock $20.77 $16.84 -$16.22 $28.82
Net borrowings $29.23 -$80.55 $471.62 $95.82
Total cash flows from financing -$105.27 -$206.13 $335.16 $31.17
Effect of exchange rate
Change in cash and equivalents $925.8 $113.64 $99.49 $29.76
Fundamentals
Market cap $4.70B
Enterprise value $4.75B
Shares outstanding 74.66M
Revenue $4.64B
EBITDA $551.66M
EBIT $526.11M
Net Income $401.00M
Revenue Q/Q -11.39%
Revenue Y/Y -18.80%
P/E ratio 11.71
EV/Sales 1.02
EV/EBITDA 8.61
EV/EBIT 9.03
P/S ratio 1.01
P/B ratio 1.39
Book/Share 45.24
Cash/Share 22.00
EPS $5.37
ROA 7.34%
ROE 12.32%
Debt/Equity 0.67
Net debt/EBITDA 1.11
Current ratio 7.70
Quick ratio 2.69