M/I Homes
Market Cap
US$1.5b
Last Updated
2021/02/27 23:33 UTC
Data Sources
Company Financials +
Executive Summary
M/I Homes, Inc., together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Michigan, Minnesota, North Carolina, Florida, and Texas, the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with adequate balance sheet.
Similar Companies
Share Price & News
How has M/I Homes's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MHO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: MHO's weekly volatility has decreased from 14% to 7% over the past year.
Market Performance
7 Day Return
-6.4%
MHO
-3.4%
US Consumer Durables
-3.6%
US Market
1 Year Return
34.0%
MHO
44.6%
US Consumer Durables
36.4%
US Market
Return vs Industry: MHO underperformed the US Consumer Durables industry which returned 44.7% over the past year.
Return vs Market: MHO underperformed the US Market which returned 38.5% over the past year.
Shareholder returns
| MHO | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.4% | -3.4% | -3.6% |
| 30 Day | -1.0% | 2.8% | 0.9% |
| 90 Day | 7.9% | 10.2% | 6.7% |
| 1 Year | 34.0%34.0% | 46.5%44.6% | 39.4%36.4% |
| 3 Year | 67.3%67.3% | 52.3%46.1% | 53.4%43.5% |
| 5 Year | 169.6%169.6% | 89.6%75.8% | 117.3%93.0% |
Long-Term Price Volatility Vs. Market
How volatile is M/I Homes's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Can M/I Homes (NYSE:MHO) Continue To Grow Its Returns On Capital?3 weeks ago | Simply Wall St
Is M/I Homes, Inc.'s (NYSE:MHO) Latest Stock Performance A Reflection Of Its Financial Health?1 month ago | Simply Wall St
If You Had Bought M/I Homes (NYSE:MHO) Shares Five Years Ago You'd Have Earned 146% ReturnsValuation
Is M/I Homes undervalued compared to its fair value and its price relative to the market?
5.95x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MHO ($49.9) is trading above our estimate of fair value ($12.81)
Significantly Below Fair Value: MHO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MHO is good value based on its PE Ratio (6x) compared to the US Consumer Durables industry average (14x).
PE vs Market: MHO is good value based on its PE Ratio (6x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: MHO is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: MHO is good value based on its PB Ratio (1.1x) compared to the US Consumer Durables industry average (1.9x).
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Future Growth
How is M/I Homes forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
3.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MHO's forecast earnings growth (3% per year) is above the savings rate (2%).
Earnings vs Market: MHO's earnings (3% per year) are forecast to grow slower than the US market (20.3% per year).
High Growth Earnings: MHO's earnings are forecast to grow, but not significantly.
Revenue vs Market: MHO's revenue (9.1% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: MHO's revenue (9.1% 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 MHO's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has M/I Homes performed over the past 5 years?
32.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MHO has high quality earnings.
Growing Profit Margin: MHO's current net profit margins (7.9%) are higher than last year (5.1%).
Past Earnings Growth Analysis
Earnings Trend: MHO's earnings have grown significantly by 32.4% per year over the past 5 years.
Accelerating Growth: MHO's earnings growth over the past year (87.8%) exceeds its 5-year average (32.4% per year).
Earnings vs Industry: MHO earnings growth over the past year (87.8%) exceeded the Consumer Durables industry 32.8%.
Return on Equity
High ROE: MHO's Return on Equity (19.1%) is considered low.
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Financial Health
How is M/I Homes's financial position?
Financial Position Analysis
Short Term Liabilities: MHO's short term assets ($2.5B) exceed its short term liabilities ($505.6M).
Long Term Liabilities: MHO's short term assets ($2.5B) exceed its long term liabilities ($878.7M).
Debt to Equity History and Analysis
Debt Level: MHO's debt to equity ratio (69.3%) is considered high.
Reducing Debt: MHO's debt to equity ratio has reduced from 102.7% to 69.3% over the past 5 years.
Debt Coverage: MHO's debt is not well covered by operating cash flow (19.3%).
Interest Coverage: MHO's interest payments on its debt are well covered by EBIT (48.1x coverage).
Balance Sheet
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Dividend
What is M/I Homes's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MHO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MHO'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 MHO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MHO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MHO is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MHO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
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Management
How experienced are the management team and are they aligned to shareholders interests?
17.1yrs
Average management tenure
CEO
Bob Schottenstein (67 yo)
17.08yrs
Tenure
US$5,346,244
Compensation
Mr. Robert H. Schottenstein, also known as Bob, served as an Independent Director of Installed Building Products, Inc. since April 22, 2014 until March 18, 2020. He has been the Chief Executive Officer of ...
CEO Compensation Analysis
Compensation vs Market: Bob's total compensation ($USD5.35M) is above average for companies of similar size in the US market ($USD3.66M).
Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 17.08yrs | US$5.35m | 0.21% $ 3.1m | |
| Executive VP | 19.08yrs | US$2.77m | 0.022% $ 324.9k | |
| Executive VP | 14.25yrs | US$1.92m | 0.0084% $ 122.0k | |
| Senior VP of Finance & Business Development and Treasurer | no data | no data | no data | |
| Region President of Columbus | 4.83yrs | no data | no data | |
| Region President | 5.08yrs | no data | no data | |
| VP & Corporate Controller | 17.83yrs | no data | 0.00034% $ 4.9k | |
| President & CEO of M/I Financial | 4.25yrs | no data | no data |
17.1yrs
Average Tenure
63yo
Average Age
Experienced Management: MHO's management team is seasoned and experienced (17.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 17.08yrs | US$5.35m | 0.21% $ 3.1m | |
| Executive VP | 19.08yrs | US$2.77m | 0.022% $ 324.9k | |
| Executive VP | 14.25yrs | US$1.92m | 0.0084% $ 122.0k | |
| Independent Director | 8.75yrs | US$223.28k | no data | |
| Independent Director | 8.08yrs | US$188.28k | no data | |
| Lead Independent Director | 7.25yrs | US$228.28k | 0.11% $ 1.7m | |
| Independent Director | 24.08yrs | US$203.28k | 0.057% $ 824.9k | |
| Independent Director | 5.58yrs | US$188.28k | no data | |
| Independent Director | 2yrs | US$188.28k | no data | |
| Director | 0.50yr | no data | no data |
8.4yrs
Average Tenure
66yo
Average Age
Experienced Board: MHO's board of directors are considered experienced (8.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MHO insiders have only sold shares 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
M/I Homes, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: M/I Homes, Inc.
- Ticker: MHO
- Exchange: NYSE
- Founded: 1976
- Industry: Homebuilding
- Sector: Consumer Durables
- Market Cap: US$1.453b
- Shares outstanding: 29.11m
- Website: https://www.mihomes.com
Number of Employees
Location
- M/I Homes, Inc.
- 4131 Worth Avenue
- Suite 500
- Columbus
- Ohio
- 43219-6011
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MHO | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Nov 1993 |
| MSA | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Nov 1993 |
Biography
M/I Homes, Inc., together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Michigan, Minnesota, North Carolina, Florida, and Texas, the United States. The com...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/27 23:33 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.