1.18%
-2.25%
-14.27%
-22.10%
1.99%
145.25%
192.77%
AI Spotlight on MHO
Company Description
M/I Homes, Inc., together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee.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.
The company also purchases undeveloped land to develop into developed lots for the construction of single-family homes, as well as for sale to others.In addition, it originates and sells mortgages; and serves as a title insurance agent by providing title insurance policies, examination, and closing services to purchasers of its homes.The company was formerly known as M/I Schottenstein Homes, Inc.
and changed its name to M/I Homes, Inc.in January 2004.M/I Homes, Inc.
was founded in 1976 and is based in Columbus, Ohio.
Market Data
| Last Price | 129.96 |
| Change Percentage | 1.18% |
| Open | 128.15 |
| Previous Close | 128.44 |
| Market Cap ( Millions) | 3536 |
| Volume | 464361 |
| Year High | 176.18 |
| Year Low | 109.92 |
| M A 50 | 145.41 |
| M A 200 | 143.8 |
Financial Ratios
| FCF Yield | 4.90% |
| Dividend Yield | 0.00% |
| ROE | 17.65% |
| Debt / Equity | 21.57% |
| Net Debt / EBIDTA | 22.14% |
| Price To Book | 0.79 |
| Price Earnings Ratio | 6.35 |
| Price To FCF | 20.39 |
| Price To sales | 0.79 |
| EV / EBITDA | 5.12 |
News
- Jan -30 - M/I Homes Earnings: Margin Pressure And Demand Challenges Mar The Outlook (Downgrade)
- Jan -29 - M/I Homes, Inc. (MHO) Q4 2024 Earnings Call Transcript
- Jan -29 - M/I Homes (MHO) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
- Jan -29 - M/I Homes (MHO) Q4 Earnings Lag Estimates
- Jan -29 - M/I Homes Reports Fourth Quarter and Year-End Results
- Jan -25 - Here's Why M/I Homes (MHO) Fell More Than Broader Market
- Jan -18 - M/I Homes (MHO) Ascends But Remains Behind Market: Some Facts to Note
- Jan -10 - M/I Homes (MHO) Exceeds Market Returns: Some Facts to Consider
- Jan -03 - Here's Why M/I Homes (MHO) Gained But Lagged the Market Today
- Jan -02 - Here's Why Investors Should Hold On to M/I Homes Stock for Now
- Dec -27 - M/I Homes (MHO) Declines More Than Market: Some Information for Investors
- Dec -21 - M/I Homes (MHO) Stock Sinks As Market Gains: Here's Why
- Dec -13 - M/I Homes Still Offers Attractive Upside For Investors
- Dec -11 - M/I Homes (MHO) Stock Drops Despite Market Gains: Important Facts to Note
- Dec -10 - M/I Homes, Inc. Announces Fourth Quarter and Year-End Earnings Webcast
- Dec -06 - Why M/I Homes (MHO) Dipped More Than Broader Market Today
- Nov -03 - M/I Homes: Riding The Housing Rebound With Strong Earnings And Growth Outlook
- Oct -30 - M/I Homes, Inc. (MHO) Q3 2024 Earnings Call Transcript
- Oct -30 - M/I Homes (MHO) Tops Q3 Earnings and Revenue Estimates
- Oct -30 - M/I Homes Reports 2024 Third Quarter Results
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Southern Homebuilding
Expected Growth : 4.5 %
What the company do ?
Southern Homebuilding from M/I Homes, Inc. offers new homes in the southeastern United States, providing quality construction and customer-centric approach.
Why we expect these perspectives ?
M/I Homes' Southern Homebuilding segment growth of 4.5% is driven by increasing demand for new homes in the region, fueled by a strong job market, low unemployment, and favorable demographics. Additionally, the segment benefits from the company's strategic expansion into high-growth markets, such as Texas and Florida, and its focus on affordable and move-up homes.
Segment n°2 -> Northern Homebuilding
Expected Growth : 4.8 %
What the company do ?
Northern Homebuilding is a division of M/I Homes, Inc. that focuses on building high-quality, energy-efficient homes in the northern United States.
Why we expect these perspectives ?
Northern Homebuilding from M/I Homes, Inc. achieved 4.8% growth driven by increasing demand for new homes in the Midwest and Northeast regions, fueled by low unemployment rates, rising wages, and favorable demographics. Additionally, the segment benefited from strategic land acquisitions, improved operational efficiencies, and a strong brand reputation.
Segment n°3 -> Financial Services
Expected Growth : 5.2 %
What the company do ?
M/I Homes, Inc.'s Financial Services offer mortgage financing, title insurance, and homeowners insurance to homebuyers, providing a one-stop-shop for their financial needs.
Why we expect these perspectives ?
M/I Homes, Inc.'s 5.2% growth in Financial Services is driven by increasing mortgage originations, expansion of title services, and growth in insurance business. Additionally, the company's strategic partnerships and investments in digital platforms have enhanced customer experience, leading to increased revenue and market share.
M/I Homes, Inc. Products
| Product Range | What is it ? |
|---|---|
| Single-Family Homes | M/I Homes, Inc. builds and sells single-family homes in various communities across the United States. These homes range from starter homes to luxury estates, catering to a wide range of buyers. |
| Townhomes | M/I Homes, Inc. also builds and sells townhomes in select communities, offering a more affordable and low-maintenance alternative to single-family homes. |
| Condominiums | In addition to single-family homes and townhomes, M/I Homes, Inc. develops and sells condominiums in select markets, offering a convenient and amenity-rich living experience. |
| Land Development | M/I Homes, Inc. also engages in land development, acquiring and developing raw land for future homebuilding projects. |
| Financial Services | M/I Homes, Inc. offers financial services, including mortgage financing and title insurance, to support homebuyers throughout the homebuying process. |
M/I Homes, Inc.'s Porter Forces
Threat Of Substitutes
M/I Homes, Inc. operates in a highly competitive industry, but the threat of substitutes is relatively low due to the unique nature of its products and services.
Bargaining Power Of Customers
M/I Homes, Inc. has a diverse customer base, which reduces the bargaining power of individual customers. However, the company still needs to be responsive to customer needs and preferences.
Bargaining Power Of Suppliers
M/I Homes, Inc. has a diverse supplier base, which reduces the bargaining power of individual suppliers. The company also has a strong negotiating position due to its large scale of operations.
Threat Of New Entrants
The homebuilding industry is highly competitive, and new entrants can easily enter the market. M/I Homes, Inc. needs to continuously innovate and improve its operations to stay ahead of the competition.
Intensity Of Rivalry
The homebuilding industry is highly competitive, and M/I Homes, Inc. faces intense rivalry from established players. The company needs to focus on differentiating itself through its products and services to gain a competitive edge.
Strength
Capital Structure
| Value | |
|---|---|
| Debt Weight | 25.88% |
| Debt Cost | 4.99% |
| Equity Weight | 74.12% |
| Equity Cost | 14.75% |
| WACC | 12.22% |
| Leverage | 34.92% |
M/I Homes, Inc. : Quality Control
M/I Homes, Inc. passed 7 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| MTH | Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops … |
| TOL | Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. … |
| KBH | KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached … |
| TMHC | Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; … |
| CCS | Century Communities, Inc., together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Toll Brothers
A-Score
1-Year Total Return ->
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Meritage Homes
A-Score
1-Year Total Return ->
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KB Home
A-Score
1-Year Total Return ->
4
Century Communities
A-Score
1-Year Total Return ->
5
Taylor Morrison
A-Score
1-Year Total Return ->
6
