M/I HOMES INC (MHO) Stock Fundamental Analysis
USA - NYSE:MHO - US55305B1017 - Common Stock
147.65 USD
-4.71 (-3.09%)
147.65 USD
0 (0%)
Taking everything into account, MHO scores 6 out of 10 in our fundamental rating. MHO was compared to 63 industry peers in the Household Durables industry. Both the health and profitability get an excellent rating, making MHO a very profitable company, without any liquidiy or solvency issues. MHO scores decently on growth, while it is valued quite cheap. This could make an interesting combination. With these ratings, MHO could be worth investigating further for value investing!.
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.
In the past 5 years MHO has always been profitable.
Of the past 5 years MHO 4 years had a positive operating cash flow.
1.2 Ratios
MHO's Return On Assets of 10.79% is amongst the best of the industry. MHO outperforms 85.71% of its industry peers.
MHO has a Return On Equity of 16.59%. This is in the better half of the industry: MHO outperforms 73.02% of its industry peers.
The Return On Invested Capital of MHO (11.32%) is better than 71.43% of its industry peers.
MHO had an Average Return On Invested Capital over the past 3 years of 13.50%. This is above the industry average of 10.52%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.79% | ||
| ROE | 16.59% | ||
| ROIC | 11.32% |
ROA(3y)12.39%
ROA(5y)11.7%
ROE(3y)20.45%
ROE(5y)20.97%
ROIC(3y)13.5%
ROIC(5y)13.06%
1.3 Margins
MHO has a Profit Margin of 11.40%. This is amongst the best in the industry. MHO outperforms 88.89% of its industry peers.
MHO's Profit Margin has improved in the last couple of years.
The Operating Margin of MHO (14.32%) is better than 85.71% of its industry peers.
MHO's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 25.53%, MHO perfoms like the industry average, outperforming 50.79% of the companies in the same industry.
In the last couple of years the Gross Margin of MHO has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.32% | ||
| PM (TTM) | 11.4% | ||
| GM | 25.53% |
OM growth 3Y4.25%
OM growth 5Y15.33%
PM growth 3Y5.7%
PM growth 5Y19.65%
GM growth 3Y3.13%
GM growth 5Y6.12%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MHO is creating some value.
The number of shares outstanding for MHO has been reduced compared to 1 year ago.
Compared to 5 years ago, MHO has less shares outstanding
MHO has a worse debt/assets ratio than last year.
2.2 Solvency
MHO has an Altman-Z score of 4.70. This indicates that MHO is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of MHO (4.70) is better than 77.78% of its industry peers.
The Debt to FCF ratio of MHO is 7.33, which is on the high side as it means it would take MHO, 7.33 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 7.33, MHO is doing good in the industry, outperforming 60.32% of the companies in the same industry.
MHO has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
MHO has a Debt to Equity ratio (0.32) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 7.33 | ||
| Altman-Z | 4.7 |
ROIC/WACC1.3
WACC8.7%
2.3 Liquidity
MHO has a Current Ratio of 10.68. This indicates that MHO is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of MHO (10.68) is better than 95.24% of its industry peers.
MHO has a Quick Ratio of 2.09. This indicates that MHO is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.09, MHO belongs to the top of the industry, outperforming 90.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 10.68 | ||
| Quick Ratio | 2.09 |
3. Growth
3.1 Past
MHO shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.92%.
The Earnings Per Share has been growing by 33.72% on average over the past years. This is a very strong growth
MHO shows a small growth in Revenue. In the last year, the Revenue has grown by 7.46%.
Measured over the past years, MHO shows a quite strong growth in Revenue. The Revenue has been growing by 12.50% on average per year.
EPS 1Y (TTM)-0.92%
EPS 3Y14.04%
EPS 5Y33.72%
EPS Q2Q%-13.67%
Revenue 1Y (TTM)7.46%
Revenue growth 3Y6.34%
Revenue growth 5Y12.5%
Sales Q2Q%4.76%
3.2 Future
The Earnings Per Share is expected to grow by 2.48% on average over the next years.
MHO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.93% yearly.
EPS Next Y-11.61%
EPS Next 2Y-3.04%
EPS Next 3Y2.48%
EPS Next 5YN/A
Revenue Next Year-0.24%
Revenue Next 2Y1.04%
Revenue Next 3Y3.93%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 8.11 indicates a reasonable valuation of MHO.
MHO's Price/Earnings ratio is rather cheap when compared to the industry. MHO is cheaper than 80.95% of the companies in the same industry.
MHO's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.41.
The Price/Forward Earnings ratio is 7.97, which indicates a rather cheap valuation of MHO.
Based on the Price/Forward Earnings ratio, MHO is valued cheaper than 90.48% of the companies in the same industry.
MHO is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.88, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.11 | ||
| Fwd PE | 7.97 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MHO is valued cheaply inside the industry as 84.13% of the companies are valued more expensively.
The rest of the industry has a similar Price/Free Cash Flow ratio as MHO.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.41 | ||
| EV/EBITDA | 6.36 |
4.3 Compensation for Growth
MHO has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.24
EPS Next 2Y-3.04%
EPS Next 3Y2.48%
5. Dividend
5.1 Amount
MHO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
147.65
-4.71 (-3.09%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners98.3%
Inst Owner Change0.37%
Ins Owners2.41%
Ins Owner Change-0.19%
Market Cap3.90B
Analysts85.71
Price Target165.24 (11.91%)
Short Float %4.12%
Short Ratio3.48
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.28%
Min EPS beat(2)-5.31%
Max EPS beat(2)-1.25%
EPS beat(4)1
Avg EPS beat(4)-1.95%
Min EPS beat(4)-5.31%
Max EPS beat(4)2.29%
EPS beat(8)4
Avg EPS beat(8)0.92%
EPS beat(12)8
Avg EPS beat(12)13.62%
EPS beat(16)11
Avg EPS beat(16)12.03%
Revenue beat(2)1
Avg Revenue beat(2)-5.26%
Min Revenue beat(2)-13.77%
Max Revenue beat(2)3.25%
Revenue beat(4)3
Avg Revenue beat(4)-1.88%
Min Revenue beat(4)-13.77%
Max Revenue beat(4)3.25%
Revenue beat(8)5
Avg Revenue beat(8)-2.78%
Revenue beat(12)8
Avg Revenue beat(12)3.23%
Revenue beat(16)9
Avg Revenue beat(16)1.23%
PT rev (1m)0%
PT rev (3m)2.1%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.12%
EPS NY rev (1m)1.49%
EPS NY rev (3m)1.49%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.13%
Revenue NY rev (1m)2.11%
Revenue NY rev (3m)2.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.11 | ||
| Fwd PE | 7.97 | ||
| P/S | 0.87 | ||
| P/FCF | 29.41 | ||
| P/OCF | 28.01 | ||
| P/B | 1.26 | ||
| P/tB | 1.27 | ||
| EV/EBITDA | 6.36 |
EPS(TTM)18.21
EY12.33%
EPS(NY)18.53
Fwd EY12.55%
FCF(TTM)5.02
FCFY3.4%
OCF(TTM)5.27
OCFY3.57%
SpS170.02
BVpS116.79
TBVpS116.17
PEG (NY)N/A
PEG (5Y)0.24
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.79% | ||
| ROE | 16.59% | ||
| ROCE | 14.75% | ||
| ROIC | 11.32% | ||
| ROICexc | 13.86% | ||
| ROICexgc | 14.69% | ||
| OM | 14.32% | ||
| PM (TTM) | 11.4% | ||
| GM | 25.53% | ||
| FCFM | 2.95% |
ROA(3y)12.39%
ROA(5y)11.7%
ROE(3y)20.45%
ROE(5y)20.97%
ROIC(3y)13.5%
ROIC(5y)13.06%
ROICexc(3y)16.19%
ROICexc(5y)15.2%
ROICexgc(3y)16.79%
ROICexgc(5y)15.85%
ROCE(3y)17.59%
ROCE(5y)17.02%
ROICexcg growth 3Y1.84%
ROICexcg growth 5Y16.09%
ROICexc growth 3Y2.49%
ROICexc growth 5Y16.51%
OM growth 3Y4.25%
OM growth 5Y15.33%
PM growth 3Y5.7%
PM growth 5Y19.65%
GM growth 3Y3.13%
GM growth 5Y6.12%
F-Score5
Asset Turnover0.95
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 7.33 | ||
| Debt/EBITDA | 1.48 | ||
| Cap/Depr | 41.19% | ||
| Cap/Sales | 0.15% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 21.12% | ||
| Profit Quality | 25.91% | ||
| Current Ratio | 10.68 | ||
| Quick Ratio | 2.09 | ||
| Altman-Z | 4.7 |
F-Score5
WACC8.7%
ROIC/WACC1.3
Cap/Depr(3y)52.66%
Cap/Depr(5y)82.58%
Cap/Sales(3y)0.18%
Cap/Sales(5y)0.32%
Profit Quality(3y)61.14%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-0.92%
EPS 3Y14.04%
EPS 5Y33.72%
EPS Q2Q%-13.67%
EPS Next Y-11.61%
EPS Next 2Y-3.04%
EPS Next 3Y2.48%
EPS Next 5YN/A
Revenue 1Y (TTM)7.46%
Revenue growth 3Y6.34%
Revenue growth 5Y12.5%
Sales Q2Q%4.76%
Revenue Next Year-0.24%
Revenue Next 2Y1.04%
Revenue Next 3Y3.93%
Revenue Next 5YN/A
EBIT growth 1Y-2.93%
EBIT growth 3Y10.86%
EBIT growth 5Y29.74%
EBIT Next Year-11.35%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-74.25%
FCF growth 3YN/A
FCF growth 5Y22.9%
OCF growth 1Y-73.42%
OCF growth 3YN/A
OCF growth 5Y22.33%