Annonce • May 20
M/I Homes, Inc. Announces Board Changes M/I Homes, Inc. announced that Eugene D. Smith, formerly Senior Vice President and Director of Athletics at The Ohio State University and currently President of Gene Smith Consulting, LLC, was elected to the Company's Board of Directors at its 2026 Annual Meeting of Shareholders held on May 13, 2026. As President of Gene Smith Consulting, LLC, Mr. Smith provides leadership training services, with a particular focus on assisting athletic conference commissioners, athletic directors and coaches in the collegiate environment. Prior to founding Gene Smith Consulting, LLC, Mr. Smith was Director of Athletics at The Ohio State University, Arizona State University, Iowa State University and Eastern Michigan University. Mr. Smith currently serves as a director of Under Armour, Inc. In addition, he serves on the boards of the Big Ten Network, Arizona Sports Foundation, National Football Foundation and National Coalition of Minority Football Coaches. Mr. Smith succeeds Norman L. Traeger, who retired from the Board at the Annual Meeting. Annonce • Apr 13
M/I Homes, Inc., Annual General Meeting, May 13, 2026 M/I Homes, Inc., Annual General Meeting, May 13, 2026. Annonce • Mar 11
M/I Homes, Inc. to Report Q1, 2026 Results on Apr 22, 2026 M/I Homes, Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on Apr 22, 2026 Annonce • Mar 05
M/I Homes, Inc. Announces Retirement of Board Member Norman L. Traeger, Effective May 2026 M/I Homes, Inc. announced that Norman L. Traeger, an independent member of the Company's Board of Directors, has informed the Company of his decision to retire from the Board upon the expiration of his term in May 2026. Norman has served as a member of the Board since 1997. Annonce • Dec 10
M/I Homes, Inc. to Report Q4, 2025 Results on Jan 28, 2026 M/I Homes, Inc. announced that they will report Q4, 2025 results Pre-Market on Jan 28, 2026 Annonce • Nov 13
M/I Homes, Inc. (NYSE:MHO) announces an Equity Buyback for $250 million worth of its shares. M/I Homes, Inc. (NYSE:MHO) announces a share repurchase program. Under the program, the company will repurchase up to $250 million worth of its shares. The authorization has no expiration date and may be modified, discontinued or suspended at any time. Annonce • Sep 12
M/I Homes, Inc. to Report Q3, 2025 Results on Oct 22, 2025 M/I Homes, Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 22, 2025 Annonce • Jun 30
M/I Homes, Inc.(NYSE:MHO) dropped from Russell 2000 Dynamic Index M/I Homes, Inc.(NYSE:MHO) dropped from Russell 2000 Dynamic Index Annonce • Jun 13
M/I Homes, Inc. to Report Q2, 2025 Results on Jul 23, 2025 M/I Homes, Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 23, 2025 Annonce • May 17
M/I Homes, Inc. Elects Yvette McGee Brown as Director, Effective May 14, 2025 M/I Homes, Inc. at its Annual Meeting of Shareholders held on May 14, 2025, elected Yvette McGee Brown as director of the Company to serve until the Company’s 2028 Annual Meeting of Shareholders and until their successors are duly elected and qualified or until their earlier death, resignation, or removal. Annonce • Mar 15
M/I Homes, Inc. Announces the Retirement of Friedrich K.M. Böhm as Independent Member M/I Homes, Inc. announced that Friedrich K.M. Böhm, an independent member of the Company's Board of Directors since 1994, has informed the Company of his decision to retire from the Board upon the expiration of his term, and not stand for re-election, at the Company's 2025 Annual Meeting of Shareholders. The Company will identify the Board of Directors' nominee to serve on the Board as Mr. Böhm's successor in the Company's Proxy Statement for its 2025 Annual Meeting of Shareholders. Mr. Böhm has served on the M/I Homes Board of Directors for over 30 years, including periods as the Lead Director, as well as the Chair of both the Audit Committee and the Compensation Committee. Annonce • Mar 11
M/I Homes, Inc. to Report Q1, 2025 Results on Apr 23, 2025 M/I Homes, Inc. announced that they will report Q1, 2025 results Pre-Market on Apr 23, 2025 Annonce • Feb 12
M/I Homes, Inc. (NYSE:MHO) announces an Equity Buyback for $250 million worth of its shares. M/I Homes, Inc. (NYSE:MHO) announces a share repurchase program. Under the program, the company will repurchase up to $250 million worth of its shares. The authorization has no expiration date and may be modified, discontinued or suspended at any time. Annonce • Dec 10
M/I Homes, Inc. to Report Q4, 2024 Results on Jan 29, 2025 M/I Homes, Inc. announced that they will report Q4, 2024 results Pre-Market on Jan 29, 2025 Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$5.26 (vs US$4.98 in 3Q 2023) Third quarter 2024 results: EPS: US$5.26 (up from US$4.98 in 3Q 2023). Revenue: US$1.14b (up 9.2% from 3Q 2023). Net income: US$145.4m (up 4.6% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 15
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to €153. The fair value is estimated to be €127, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 11% in the next 2 years. Annonce • Oct 08
M/I Homes, Inc. to Report Q3, 2024 Results on Oct 30, 2024 M/I Homes, Inc. announced that they will report Q3, 2024 results Pre-Market on Oct 30, 2024 Buy Or Sell Opportunity • Sep 20
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 40% to €155. The fair value is estimated to be €126, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 11% in the next 2 years. Recent Insider Transactions • Aug 30
Chairman recently sold €1.0m worth of stock On the 27th of August, Robert Schottenstein sold around 7k shares on-market at roughly €147 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Robert has been a net seller over the last 12 months, reducing personal holdings by €4.2m. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: US$5.26 (vs US$4.25 in 2Q 2023) Second quarter 2024 results: EPS: US$5.26 (up from US$4.25 in 2Q 2023). Revenue: US$1.11b (up 9.4% from 2Q 2023). Net income: US$146.7m (up 24% from 2Q 2023). Profit margin: 13% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €124, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Consumer Durables industry in Europe. Total returns to shareholders of 168% over the past three years. Annonce • Jul 09
M/I Homes, Inc. to Report Q2, 2024 Results on Jul 30, 2024 M/I Homes, Inc. announced that they will report Q2, 2024 results Pre-Market on Jul 30, 2024 Annonce • May 16
M/I Homes, Inc. (NYSE:MHO) announces an Equity Buyback for $250 million worth of its shares. M/I Homes, Inc. (NYSE:MHO) announces a share repurchase program. Under the program, the company will repurchase up to $250 million worth of its own shares. The authorization has no expiration date. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$4.92 (vs US$3.73 in 1Q 2023) First quarter 2024 results: EPS: US$4.92 (up from US$3.73 in 1Q 2023). Revenue: US$1.05b (up 4.6% from 1Q 2023). Net income: US$138.1m (up 34% from 1Q 2023). Profit margin: 13% (up from 10% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Apr 11
M/I Homes, Inc., Annual General Meeting, May 13, 2024 M/I Homes, Inc., Annual General Meeting, May 13, 2024, at 09:00 US Eastern Standard Time. Agenda: To consider and elect three directors to serve until the Company's 2027 Annual Meeting of Shareholders; to consider and vote upon a non-binding, advisory resolution to approve the compensation of the Company's named executive officers; to consider and vote upon a proposal to ratify the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the 2024 fiscal year; and to consider other business matters. Annonce • Apr 10
M/I Homes, Inc. to Report Q1, 2024 Results on Apr 24, 2024 M/I Homes, Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 24, 2024 Recent Insider Transactions • Feb 22
Chairman recently sold €369k worth of stock On the 21st of February, Robert Schottenstein sold around 3k shares on-market at roughly €111 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Reported Earnings • Feb 01
Full year 2023 earnings released: EPS: US$16.76 (vs US$17.60 in FY 2022) Full year 2023 results: EPS: US$16.76 (down from US$17.60 in FY 2022). Revenue: US$4.03b (down 2.4% from FY 2022). Net income: US$465.4m (down 5.2% from FY 2022). Profit margin: 12% (in line with FY 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jan 11
M/I Homes, Inc. to Report Q4, 2023 Results on Jan 31, 2024 M/I Homes, Inc. announced that they will report Q4, 2023 results Pre-Market on Jan 31, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: US$4.98 (vs US$4.77 in 3Q 2022) Third quarter 2023 results: EPS: US$4.98 (up from US$4.77 in 3Q 2022). Revenue: US$1.05b (up 3.3% from 3Q 2022). Net income: US$139.0m (up 5.6% from 3Q 2022). Profit margin: 13% (in line with 3Q 2022). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 26% per year. Annonce • Oct 05
M/I Homes, Inc. to Report Q3, 2023 Results on Oct 25, 2023 M/I Homes, Inc. announced that they will report Q3, 2023 results Pre-Market on Oct 25, 2023 Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Lead Independent Director Bruce Soll was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: US$4.25 (vs US$4.88 in 2Q 2022) Second quarter 2023 results: EPS: US$4.25 (down from US$4.88 in 2Q 2022). Revenue: US$1.01b (down 2.6% from 2Q 2022). Net income: US$118.0m (down 14% from 2Q 2022). Profit margin: 12% (down from 13% in 2Q 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 33% per year. Annonce • Jul 08
M/I Homes, Inc. to Report Q2, 2023 Results on Jul 26, 2023 M/I Homes, Inc. announced that they will report Q2, 2023 results Pre-Market on Jul 26, 2023 Annonce • Jun 25
M/I Homes, Inc.(NYSE:MHO) dropped from Russell Small Cap Comp Growth Index M/I Homes, Inc.(NYSE:MHO) dropped from Russell Small Cap Comp Growth Index Recent Insider Transactions • May 02
Executive VP recently sold €525k worth of stock On the 28th of April, Phillip Creek sold around 9k shares on-market at roughly €60.71 per share. This transaction amounted to 57% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €952k. Phillip has been a net seller over the last 12 months, reducing personal holdings by €2.2m. Reported Earnings • Apr 27
First quarter 2023 earnings released: EPS: US$3.73 (vs US$3.23 in 1Q 2022) First quarter 2023 results: EPS: US$3.73 (up from US$3.23 in 1Q 2022). Revenue: US$1.00b (up 16% from 1Q 2022). Net income: US$103.1m (up 12% from 1Q 2022). Profit margin: 10% (in line with 1Q 2022). Revenue is expected to decline by 8.2% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 6.1%. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 36% per year. Buying Opportunity • Apr 21
Now 20% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be €73.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 42%. Revenue is forecast to decline by 11% in 2 years. Earnings is forecast to decline by 30% in the next 2 years. Recent Insider Transactions • Feb 10
Executive VP recently sold €233k worth of stock On the 7th of February, Phillip Creek sold around 4k shares on-market at roughly €57.97 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Phillip's only on-market trade for the last 12 months. Reported Earnings • Feb 03
Full year 2022 earnings released: EPS: US$17.60 (vs US$13.64 in FY 2021) Full year 2022 results: EPS: US$17.60 (up from US$13.64 in FY 2021). Revenue: US$4.13b (up 10% from FY 2021). Net income: US$490.7m (up 24% from FY 2021). Profit margin: 12% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 11% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Annonce • Jan 26
M/I Homes, Inc. Appoints Kevin Brown as Area President M/I Homes, Inc. announced that Kevin Brown has been named Area President. Annonce • Jan 11
M/I Homes, Inc. to Report Q4, 2022 Results on Feb 01, 2023 M/I Homes, Inc. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 01, 2023 Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$4.77 (vs US$3.11 in 3Q 2021) Third quarter 2022 results: EPS: US$4.77 (up from US$3.11 in 3Q 2021). Revenue: US$1.01b (up 12% from 3Q 2021). Net income: US$131.6m (up 45% from 3Q 2021). Profit margin: 13% (up from 10% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annonce • Oct 11
M/I Homes, Inc. to Report Q3, 2022 Results on Oct 26, 2022 M/I Homes, Inc. announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Oct 26, 2022 Annonce • Aug 19
M/I Homes, Inc. Appoints Bruce A. Soll to the Board of Directors Effective August 18, 2022 M/I Homes, Inc. announced that Bruce A. Soll, formerly Vice Chair International of LBrands, Inc. and currently a counselor for Soll Advisors, LLC, has been appointed to the M/I Homes Board of Directors effective August 18, 2022. Mr. Soll will be filling a newly added seat to the M/I Homes Board. In his role as a counselor for Soll Advisors, LLC, Mr. Soll provides services to the boards of directors of public companies and non-profit organizations. Prior to his role at Soll Advisors, LLC, Mr. Soll held various leadership roles with LBrands, Inc.Mr. Soll also currently serves as a Director of Nationwide Children's Hospital and Vice-Chair of the Board of Directors of Columbus Downtown Development Corporation/Capitol South. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: US$4.88 (vs US$3.68 in 2Q 2021) Second quarter 2022 results: EPS: US$4.88 (up from US$3.68 in 2Q 2021). Revenue: US$1.04b (up 8.3% from 2Q 2021). Net income: US$136.8m (up 27% from 2Q 2021). Profit margin: 13% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 3.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Annonce • Jul 13
M/I Homes, Inc. to Report Q2, 2022 Results on Jul 27, 2022 M/I Homes, Inc. announced that they will report Q2, 2022 results Pre-Market on Jul 27, 2022 Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €34.00, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 9x in the Consumer Durables industry in Germany. Total returns to shareholders of 36% over the past three years. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: US$3.23 (vs US$2.93 in 1Q 2021) First quarter 2022 results: EPS: US$3.23 (up from US$2.93 in 1Q 2021). Revenue: US$860.8m (up 3.9% from 1Q 2021). Net income: US$91.8m (up 8.2% from 1Q 2021). Profit margin: 11% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 8.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Kumi Walker was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 13
M/I Homes, Inc. to Report Q1, 2022 Results on Apr 27, 2022 M/I Homes, Inc. announced that they will report Q1, 2022 results Pre-Market on Apr 27, 2022 Annonce • Apr 09
M/I Homes, Inc., Annual General Meeting, May 12, 2022 M/I Homes, Inc., Annual General Meeting, May 12, 2022, at 09:00 Eastern Daylight. Agenda: To elect 3 directors to serve until the company's 2025 Annual Meeting of Shareholders and until their successors have been duly elected and qualified; to consider and vote upon a non-binding, advisory resolution to approve the compensation of the company's named executive officers; to consider and vote upon a proposal to approve an amendment to the M/I Homes, Inc. 2018 Long-Term Incentive Plan; to consider and vote upon a proposal to ratify the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the 2022 fiscal year; and to consider other matters. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Kumi Walker was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Kumi Walker was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Feb 27
Chairman recently sold €752k worth of stock On the 22nd of February, Robert Schottenstein sold around 18k shares on-market at roughly €41.07 per share. This was the largest sale by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Reported Earnings • Feb 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$13.64 (up from US$8.38 in FY 2020). Revenue: US$3.75b (up 23% from FY 2020). Net income: US$396.9m (up 65% from FY 2020). Profit margin: 11% (up from 7.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 11%, compared to a 7.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS US$3.11 (vs US$2.57 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$904.3m (up 6.7% from 3Q 2020). Net income: US$91.0m (up 24% from 3Q 2020). Profit margin: 10% (up from 8.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Executive Departure • Oct 07
Executive Vice President J. Mason has left the company On the 30th of September, J. Mason's tenure as Executive Vice President ended after less than a year in the role. We don't have any record of a personal shareholding under Mason's name. Mason is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.21 years. Recent Insider Transactions • Sep 02
Independent Director recently sold €56k worth of stock On the 30th of August, Norman Traeger sold around 1k shares on-market at roughly €55.94 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.1m more than they bought in the last 12 months. Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS US$3.68 (vs US$1.91 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$961.0m (up 35% from 2Q 2020). Net income: US$107.6m (up 97% from 2Q 2020). Profit margin: 11% (up from 7.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Annonce • Jun 28
M/I Homes, Inc.(NYSE:MHO) dropped from Russell 3000E Value Index M/I Homes, Inc.(NYSE:MHO) dropped from Russell 3000E Value Index Recent Insider Transactions • May 08
Executive VP recently sold €148k worth of stock On the 5th of May, J. Mason sold around 2k shares on-market at roughly €60.49 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.4m. Insiders have been net sellers, collectively disposing of €3.6m more than they bought in the last 12 months. Reported Earnings • May 01
First quarter 2021 earnings released: EPS US$2.93 (vs US$1.12 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$828.8m (up 44% from 1Q 2020). Net income: US$84.9m (up 167% from 1Q 2020). Profit margin: 10% (up from 5.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improved over the past week After last week's 16% share price gain to US$51.60, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Consumer Durables industry in Germany. Total returns to shareholders of 90% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improved over the past week After last week's 16% share price gain to US$47.60, the stock is trading at a trailing P/E ratio of 6.7x, up from the previous P/E ratio of 5.8x. This compares to an average P/E of 27x in the Consumer Durables industry in Germany. Total returns to shareholders over the past three years are 91%. Is New 90 Day High Low • Mar 12
New 90-day high: €47.20 The company is up 30% from its price of €36.20 on 11 December 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.98 per share. Reported Earnings • Feb 21
Full year 2020 earnings released: EPS US$8.38 (vs US$4.58 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$3.05b (up 22% from FY 2019). Net income: US$239.9m (up 88% from FY 2019). Profit margin: 7.9% (up from 5.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 21
Revenue misses expectations Revenue missed analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 14%, compared to a 7.2% growth forecast for the Consumer Durables industry in Germany. Recent Insider Transactions • Feb 19
Executive VP recently sold €556k worth of stock On the 16th of February, J. Mason sold around 13k shares on-market at roughly €43.81 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.2m more than they bought in the last 12 months. Is New 90 Day High Low • Feb 11
New 90-day high: €45.80 The company is up 22% from its price of €37.60 on 12 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.96 per share. Recent Insider Transactions • Feb 10
Chairman recently sold €141k worth of stock On the 4th of February, Robert Schottenstein sold around 3k shares on-market at roughly €42.02 per share. This was the largest sale by an insider in the last 3 months. Robert has been a seller over the last 12 months, reducing personal holdings by €1.3m. Reported Earnings • Feb 03
Full year 2020 earnings released: EPS US$8.38 (vs US$4.58 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$3.05b (up 22% from FY 2019). Net income: US$239.9m (up 88% from FY 2019). Profit margin: 7.9% (up from 5.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 03
Revenue misses expectations Revenue missed analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 6.0%, compared to a 7.1% growth forecast for the Consumer Durables industry in Germany. Is New 90 Day High Low • Jan 22
New 90-day high: €42.60 The company is up 21% from its price of €35.20 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €45.07 per share. Is New 90 Day High Low • Jan 07
New 90-day low: €34.40 The company is down 14% from its price of €39.80 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €42.21 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of US$201.6m, up 70% from the prior year. Total revenue was US$2.88b over the last 12 months, up 16% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 27% at US$847.9m. Revenue is forecast to grow 11% over the next year, compared to a 5.0% growth forecast for the Consumer Durables industry in Germany. Annonce • Oct 29
M/I Homes, Inc. Announces Executive Changes On October 27, 2020, J. Thomas Mason announced his decision to retire as Executive Vice President, Secretary, and Chief Legal Officer of M/I Homes, Inc. effective after the Company has hired his replacement to assure a smooth and orderly transition of responsibilities. It is anticipated that such transition will occur in the first half of 2021. Valuation Update With 7 Day Price Move • Oct 24
Market pulls back on stock over the past week After last week's 15% share price decline to US$35.20, the stock is trading at a trailing P/E ratio of 7.1x, down from the previous P/E ratio of 8.4x. This compares to an average P/E of 36x in the Consumer Durables industry in Germany. Total returns to shareholders over the past three years are 31%. Is New 90 Day High Low • Oct 12
New 90-day high: €41.20 The company is up 45% from its price of €28.40 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €43.95 per share.