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.
M/I Homes Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$59.77|
|52 Week High||US$40.24|
|52 Week Low||US$74.85|
|1 Month Change||-8.98%|
|3 Month Change||1.88%|
|1 Year Change||35.32%|
|3 Year Change||148.11%|
|5 Year Change||154.23%|
|Change since IPO||731.58%|
Recent News & Updates
M/I Homes (NYSE:MHO) Is Doing The Right Things To Multiply Its Share Price
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
M/I Homes: Another Super-Cheap Homebuilder, Could Double From Here
Demand for new housing should be strong for the foreseeable future, and competition is rational. M/I has a solid EPS outlook. I see $20 a share by 2025. M/I has transitioned from meager to abundant free cash flow. Lots of buybacks ahead. My valuation is silly-low. A 5 P/E on this year's earnings, and 3x my '25 forecast.
M/I Homes: A Small But Fast-Growing Homebuilder
M/I Homes may become a beneficiary of the high demand for new houses in the US and shortage of homes for sale. The integration of the Smart Series program and the sale of houses in regions with affordable mortgages will drive volume of sales; we forecast revenue growth of +38.8% YoY. MHO has low correlation with the real estate market and grows by gaining market share. We at Invest Heroes assign a buy rating to M/I Homes with target price of $82. The upside is 34%.
M/I Homes: And The Growth Story Goes On
The housing market is back on track stronger than ever, and MHO has strengthened its competitive position with improved fundamentals and stellar growth. Despite the gap in RoI between the company and DHI, the homebuilding leader, MHO, has made remarkable progress in improving its RoI. Smart Series Home is an affordable, personalized, and speedy option, well-suited to the Millennials market, which remains an unlocked golden territory for the company, with a massive upside. MHO trades at a deep discount compared to both its intrinsic value estimate and its peers. Hence, the improved operating performance, growth, and low valuation multiples support the bullish rating.
|MHO||US Consumer Durables||US Market|
Return vs Industry: MHO exceeded the US Consumer Durables industry which returned 32.8% over the past year.
Return vs Market: MHO exceeded the US Market which returned 32.8% over the past year.
Stable Share Price: MHO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MHO's weekly volatility (5%) has been stable over the past year.
About the Company
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 company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments. It designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers under the M/I Homes brand name.
M/I Homes Fundamentals Summary
|MHO fundamental statistics|
Is MHO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MHO income statement (TTM)|
|Cost of Revenue||US$2.69b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||11.80|
|Net Profit Margin||9.77%|
How did MHO perform over the long term?See historical performance and comparison
Is M/I Homes undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MHO ($59.77) is trading below our estimate of fair value ($1102.26)
Significantly Below Fair Value: MHO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MHO is good value based on its PE Ratio (5.1x) compared to the US Consumer Durables industry average (11.2x).
PE vs Market: MHO is good value based on its PE Ratio (5.1x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: MHO is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: MHO is good value based on its PB Ratio (1.2x) compared to the US Consumer Durables industry average (2.1x).
How is M/I Homes forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MHO's forecast earnings growth (12% per year) is above the savings rate (2%).
Earnings vs Market: MHO's earnings (12% per year) are forecast to grow slower than the US market (15% per year).
High Growth Earnings: MHO's earnings are forecast to grow, but not significantly.
Revenue vs Market: MHO's revenue (8.3% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: MHO's revenue (8.3% 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
How has M/I Homes performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MHO has high quality earnings.
Growing Profit Margin: MHO's current net profit margins (9.8%) are higher than last year (6.2%).
Past Earnings Growth Analysis
Earnings Trend: MHO's earnings have grown significantly by 38.5% per year over the past 5 years.
Accelerating Growth: MHO's earnings growth over the past year (108.7%) exceeds its 5-year average (38.5% per year).
Earnings vs Industry: MHO earnings growth over the past year (108.7%) exceeded the Consumer Durables industry 77.1%.
Return on Equity
High ROE: MHO's Return on Equity (23.6%) is considered high.
How is M/I Homes's financial position?
Financial Position Analysis
Short Term Liabilities: MHO's short term assets ($2.6B) exceed its short term liabilities ($432.1M).
Long Term Liabilities: MHO's short term assets ($2.6B) exceed its long term liabilities ($962.8M).
Debt to Equity History and Analysis
Debt Level: MHO's debt to equity ratio (55.5%) is considered high.
Reducing Debt: MHO's debt to equity ratio has reduced from 98% to 55.5% over the past 5 years.
Debt Coverage: MHO's debt is well covered by operating cash flow (31.9%).
Interest Coverage: MHO's interest payments on its debt are well covered by EBIT (405.9x coverage).
What is M/I Homes's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MHO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MHO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MHO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MHO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MHO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bob Schottenstein (68 yo)
Mr. Robert H. Schottenstein, also known as Bob, served as an Independent Director of Installed Building Products, Inc. since April 22, 2014 until March 18, 2020. He has been the Chief Executive Officer of...
CEO Compensation Analysis
Compensation vs Market: Bob's total compensation ($USD6.88M) is above average for companies of similar size in the US market ($USD3.66M).
Compensation vs Earnings: Bob's compensation has increased by more than 20% in the past year.
Experienced Management: MHO's management team is seasoned and experienced (5.1 years average tenure).
Experienced Board: MHO's board of directors are considered experienced (8.7 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.7%.
M/I Homes, Inc.'s employee growth, exchange listings and data sources
- Name: M/I Homes, Inc.
- Ticker: MHO
- Exchange: NYSE
- Founded: 1976
- Industry: Homebuilding
- Sector: Consumer Durables
- Market Cap: US$1.815b
- Shares outstanding: 29.32m
- Website: https://www.mihomes.com
Number of Employees
- M/I Homes, Inc.
- 4131 Worth Avenue
- Suite 500
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/28 22:21|
|End of Day Share Price||2021/09/28 00:00|
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.