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M/I HOMES INC (MHO) Stock Fundamental Analysis

NYSE:MHO - New York Stock Exchange, Inc. - US55305B1017 - Common Stock

138.33  +0.65 (+0.47%)

After market: 138.33 0 (0%)

Fundamental Rating

6

Overall MHO gets a fundamental rating of 6 out of 10. We evaluated MHO against 67 industry peers in the Household Durables industry. MHO scores excellent on profitability, but there are some minor concerns on its financial health. MHO scores decently on growth, while it is valued quite cheap. This could make an interesting combination. This makes MHO very considerable for value investing!


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

MHO had positive earnings in the past year.
In the past year MHO had a positive cash flow from operations.
MHO had positive earnings in each of the past 5 years.
Of the past 5 years MHO 4 years had a positive operating cash flow.
MHO Yearly Net Income VS EBIT VS OCF VS FCFMHO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M

1.2 Ratios

The Return On Assets of MHO (12.01%) is better than 87.69% of its industry peers.
Looking at the Return On Equity, with a value of 18.82%, MHO is in the better half of the industry, outperforming 78.46% of the companies in the same industry.
MHO has a Return On Invested Capital of 12.74%. This is in the better half of the industry: MHO outperforms 75.38% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MHO is in line with the industry average of 11.99%.
Industry RankSector Rank
ROA 12.01%
ROE 18.82%
ROIC 12.74%
ROA(3y)12.34%
ROA(5y)10.43%
ROE(3y)22.21%
ROE(5y)19.68%
ROIC(3y)13.69%
ROIC(5y)11.91%
MHO Yearly ROA, ROE, ROICMHO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20

1.3 Margins

MHO has a Profit Margin of 12.54%. This is amongst the best in the industry. MHO outperforms 86.15% of its industry peers.
MHO's Profit Margin has improved in the last couple of years.
The Operating Margin of MHO (15.73%) is better than 84.62% of its industry peers.
In the last couple of years the Operating Margin of MHO has grown nicely.
MHO has a Gross Margin of 26.84%. This is comparable to the rest of the industry: MHO outperforms 55.38% of its industry peers.
In the last couple of years the Gross Margin of MHO has grown nicely.
Industry RankSector Rank
OM 15.73%
PM (TTM) 12.54%
GM 26.84%
OM growth 3Y10.61%
OM growth 5Y14.52%
PM growth 3Y13.57%
PM growth 5Y19.62%
GM growth 3Y3.96%
GM growth 5Y5.14%
MHO Yearly Profit, Operating, Gross MarginsMHO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20 25

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6

2. Health

2.1 Basic Checks

MHO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, MHO has more shares outstanding
The number of shares outstanding for MHO has been increased compared to 5 years ago.
MHO has a better debt/assets ratio than last year.
MHO Yearly Shares OutstandingMHO Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M 25M
MHO Yearly Total Debt VS Total AssetsMHO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B

2.2 Solvency

MHO has an Altman-Z score of 4.64. This indicates that MHO is financially healthy and has little risk of bankruptcy at the moment.
MHO has a better Altman-Z score (4.64) than 73.85% of its industry peers.
MHO has a debt to FCF ratio of 7.58. This is a slightly negative value and a sign of low solvency as MHO would need 7.58 years to pay back of all of its debts.
The Debt to FCF ratio of MHO (7.58) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.33 indicates that MHO is not too dependend on debt financing.
MHO has a Debt to Equity ratio (0.33) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 7.58
Altman-Z 4.64
ROIC/WACC1.47
WACC8.66%
MHO Yearly LT Debt VS Equity VS FCFMHO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

A Current Ratio of 9.61 indicates that MHO has no problem at all paying its short term obligations.
MHO has a better Current ratio (9.61) than 93.85% of its industry peers.
MHO has a Quick Ratio of 1.80. This is a normal value and indicates that MHO is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of MHO (1.80) is better than 81.54% of its industry peers.
Industry RankSector Rank
Current Ratio 9.61
Quick Ratio 1.8
MHO Yearly Current Assets VS Current LiabilitesMHO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

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5

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 5.25% over the past year.
MHO shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 32.02% yearly.
MHO shows a decrease in Revenue. In the last year, the revenue decreased by -0.14%.
MHO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.02% yearly.
EPS 1Y (TTM)5.25%
EPS 3Y24.38%
EPS 5Y32.02%
EPS Q2Q%5.81%
Revenue 1Y (TTM)-0.14%
Revenue growth 3Y9.81%
Revenue growth 5Y12.02%
Sales Q2Q%9.23%

3.2 Future

Based on estimates for the next years, MHO will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.56% on average per year.
The Revenue is expected to grow by 5.63% on average over the next years.
EPS Next Y23.31%
EPS Next 2Y12.69%
EPS Next 3Y13.56%
EPS Next 5YN/A
Revenue Next Year5.22%
Revenue Next 2Y4.96%
Revenue Next 3Y5.63%
Revenue Next 5YN/A

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
MHO Yearly Revenue VS EstimatesMHO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1B 2B 3B 4B 5B
MHO Yearly EPS VS EstimatesMHO Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 5 10 15 20

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8

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 7.41, which indicates a rather cheap valuation of MHO.
Compared to the rest of the industry, the Price/Earnings ratio of MHO indicates a rather cheap valuation: MHO is cheaper than 90.77% of the companies listed in the same industry.
MHO's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.29.
Based on the Price/Forward Earnings ratio of 6.71, the valuation of MHO can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MHO indicates a rather cheap valuation: MHO is cheaper than 87.69% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.44, MHO is valued rather cheaply.
Industry RankSector Rank
PE 7.41
Fwd PE 6.71
MHO Price Earnings VS Forward Price EarningsMHO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

90.77% of the companies in the same industry are more expensive than MHO, based on the Enterprise Value to EBITDA ratio.
MHO's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 30.66
EV/EBITDA 5.78
MHO Per share dataMHO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150

4.3 Compensation for Growth

MHO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MHO has a very decent profitability rating, which may justify a higher PE ratio.
MHO's earnings are expected to grow with 13.56% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.32
PEG (5Y)0.23
EPS Next 2Y12.69%
EPS Next 3Y13.56%

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0

5. Dividend

5.1 Amount

MHO does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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M/I HOMES INC

NYSE:MHO (1/21/2025, 8:14:10 PM)

After market: 138.33 0 (0%)

138.33

+0.65 (+0.47%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)10-30 2024-10-30/bmo
Earnings (Next)01-29 2025-01-29/amc
Inst Owners100.62%
Inst Owner Change0.84%
Ins Owners2.31%
Ins Owner Change-8.96%
Market Cap3.76B
Analysts82.86
Price Target201.45 (45.63%)
Short Float %3.47%
Short Ratio3.21
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.33%
Min EPS beat(2)2.29%
Max EPS beat(2)10.38%
EPS beat(4)3
Avg EPS beat(4)1.41%
Min EPS beat(4)-26.64%
Max EPS beat(4)19.63%
EPS beat(8)7
Avg EPS beat(8)19.92%
EPS beat(12)11
Avg EPS beat(12)18.01%
EPS beat(16)14
Avg EPS beat(16)22.03%
Revenue beat(2)2
Avg Revenue beat(2)2.39%
Min Revenue beat(2)0.87%
Max Revenue beat(2)3.91%
Revenue beat(4)3
Avg Revenue beat(4)-2.73%
Min Revenue beat(4)-18.82%
Max Revenue beat(4)3.91%
Revenue beat(8)6
Avg Revenue beat(8)6.42%
Revenue beat(12)7
Avg Revenue beat(12)3.45%
Revenue beat(16)9
Avg Revenue beat(16)2.56%
PT rev (1m)0%
PT rev (3m)8.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)10.93%
EPS NY rev (1m)0%
EPS NY rev (3m)0.34%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.08%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.53%
Valuation
Industry RankSector Rank
PE 7.41
Fwd PE 6.71
P/S 0.88
P/FCF 30.66
P/OCF 28.89
P/B 1.32
P/tB 1.33
EV/EBITDA 5.78
EPS(TTM)18.66
EY13.49%
EPS(NY)20.62
Fwd EY14.91%
FCF(TTM)4.51
FCFY3.26%
OCF(TTM)4.79
OCFY3.46%
SpS157
BVpS104.57
TBVpS103.97
PEG (NY)0.32
PEG (5Y)0.23
Profitability
Industry RankSector Rank
ROA 12.01%
ROE 18.82%
ROCE 16.55%
ROIC 12.74%
ROICexc 15.48%
ROICexgc 16.45%
OM 15.73%
PM (TTM) 12.54%
GM 26.84%
FCFM 2.87%
ROA(3y)12.34%
ROA(5y)10.43%
ROE(3y)22.21%
ROE(5y)19.68%
ROIC(3y)13.69%
ROIC(5y)11.91%
ROICexc(3y)15.65%
ROICexc(5y)13.36%
ROICexgc(3y)16.51%
ROICexgc(5y)14.09%
ROCE(3y)17.8%
ROCE(5y)15.48%
ROICexcg growth 3Y8.13%
ROICexcg growth 5Y17.09%
ROICexc growth 3Y8.05%
ROICexc growth 5Y16.75%
OM growth 3Y10.61%
OM growth 5Y14.52%
PM growth 3Y13.57%
PM growth 5Y19.62%
GM growth 3Y3.96%
GM growth 5Y5.14%
F-Score6
Asset Turnover0.96
Health
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 7.58
Debt/EBITDA 1.35
Cap/Depr 49.93%
Cap/Sales 0.18%
Interest Coverage 250
Cash Conversion 18.96%
Profit Quality 22.92%
Current Ratio 9.61
Quick Ratio 1.8
Altman-Z 4.64
F-Score6
WACC8.66%
ROIC/WACC1.47
Cap/Depr(3y)93.47%
Cap/Depr(5y)78.5%
Cap/Sales(3y)0.35%
Cap/Sales(5y)0.32%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.25%
EPS 3Y24.38%
EPS 5Y32.02%
EPS Q2Q%5.81%
EPS Next Y23.31%
EPS Next 2Y12.69%
EPS Next 3Y13.56%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.14%
Revenue growth 3Y9.81%
Revenue growth 5Y12.02%
Sales Q2Q%9.23%
Revenue Next Year5.22%
Revenue Next 2Y4.96%
Revenue Next 3Y5.63%
Revenue Next 5YN/A
EBIT growth 1Y8.07%
EBIT growth 3Y21.46%
EBIT growth 5Y28.29%
EBIT Next Year21.95%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y629.11%
FCF growth 3Y51.67%
FCF growth 5YN/A
OCF growth 1Y3731.53%
OCF growth 3Y48.59%
OCF growth 5YN/A