(MHO) M/I Homes - Overview
Stock: Single-Family Homes, Townhomes, Mortgages, Title Services
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 38.0% |
| Relative Tail Risk | -2.47% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.53 |
| Alpha | 5.51 |
| Character TTM | |
|---|---|
| Beta | 0.666 |
| Beta Downside | 0.381 |
| Drawdowns 3y | |
|---|---|
| Max DD | 40.60% |
| CAGR/Max DD | 0.84 |
Description: MHO M/I Homes January 11, 2026
M/I Homes, Inc. (NYSE:MHO) builds and sells single-family homes and townhomes across ten U.S. states, operating through three segments: Northern Homebuilding, Southern Homebuilding, and Financial Services. Its product mix targets a broad buyer spectrum-from first-time and millennial purchasers to move-up, empty-nesters, multi-generational, and luxury buyers-under the M/I Homes brand.
Beyond construction, the firm acquires raw land, develops it into finished lots, and either builds on those parcels or sells them to third-party builders. The Financial Services segment adds vertical integration by originating and selling mortgages and providing title-insurance, examination, and closing services.
Key operational metrics (as of FY 2023) include approximately $1.9 billion in revenue, a 12 % year-over-year increase in home deliveries (≈ 5,300 units), and an average selling price of about $350 k, reflecting a modest shift toward higher-priced markets. The company’s backlog-homes under contract but not yet delivered-stood near $1.2 billion, indicating a solid pipeline but also exposure to interest-rate volatility.
Sector-wide drivers that materially affect MHO’s outlook are (1) mortgage-rate movements, where a 1 % rise in the 30-year rate historically depresses single-family home demand by roughly 5 %; (2) regional labor-cost pressures, especially in the Sun Belt states where the firm has expanded; and (3) inventory constraints, which have kept price appreciation above inflation in many of its markets.
Assuming current rate trends persist and the labor market remains tight, M/I Homes’ integrated model-combining land acquisition, construction, and financing-should provide a buffer against cyclical demand swings, though profitability will be sensitive to cost-inflation and financing spreads.
For a deeper quantitative view, you might explore ValueRay’s analyst dashboard for MHO.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: 402.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -1.00 > 1.0 |
| NWC/Revenue: 16.18% < 20% (prev 81.58%; Δ -65.40% < -1%) |
| CFO/TA 0.03 > 3% & CFO 137.3m > Net Income 402.9m |
| Net Debt (397.3m) to EBITDA (623.6m): 0.64 < 3 |
| Current Ratio: 4.94 > 1.5 & < 3 |
| Outstanding Shares: last quarter (26.8m) vs 12m ago -6.24% < -2% |
| Gross Margin: 23.04% > 18% (prev 0.27%; Δ 2277 % > 0.5%) |
| Asset Turnover: 94.67% > 50% (prev 98.93%; Δ -4.26% > 0%) |
| Interest Coverage Ratio: 6.97 > 6 (EBITDA TTM 623.6m / Interest Expense TTM 86.6m) |
Altman Z'' 6.10
| A: 0.15 (Total Current Assets 895.8m - Total Current Liabilities 181.2m) / Total Assets 4.78b |
| B: 0.67 (Retained Earnings 3.20b / Total Assets 4.78b) |
| C: 0.13 (EBIT TTM 603.6m / Avg Total Assets 4.66b) |
| D: 1.97 (Book Value of Equity 3.17b / Total Liabilities 1.61b) |
| Altman-Z'' Score: 6.10 = AAA |
What is the price of MHO shares?
Over the past week, the price has changed by +6.10%, over one month by +10.23%, over three months by +11.82% and over the past year by +18.14%.
Is MHO a buy, sell or hold?
- StrongBuy: 3
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the MHO price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 157 | 10.7% |
| Analysts Target Price | 157 | 10.7% |
| ValueRay Target Price | 176 | 24% |
MHO Fundamental Data Overview February 07, 2026
P/E Forward = 10.101
P/S = 0.8403
P/B = 1.1463
P/EG = 0.78
Revenue TTM = 4.42b USD
EBIT TTM = 603.6m USD
EBITDA TTM = 623.6m USD
Long Term Debt = 973.2m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 1.09b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 397.3m USD (from netDebt column, last quarter)
Enterprise Value = 4.11b USD (3.71b + Debt 1.09b - CCE 689.2m)
Interest Coverage Ratio = 6.97 (Ebit TTM 603.6m / Interest Expense TTM 86.6m)
EV/FCF = 31.13x (Enterprise Value 4.11b / FCF TTM 132.0m)
FCF Yield = 3.21% (FCF TTM 132.0m / Enterprise Value 4.11b)
FCF Margin = 2.99% (FCF TTM 132.0m / Revenue TTM 4.42b)
Net Margin = 9.13% (Net Income TTM 402.9m / Revenue TTM 4.42b)
Gross Margin = 23.04% ((Revenue TTM 4.42b - Cost of Revenue TTM 3.40b) / Revenue TTM)
Gross Margin QoQ = 18.10% (prev 24.10%)
Tobins Q-Ratio = 0.86 (Enterprise Value 4.11b / Total Assets 4.78b)
Interest Expense / Debt = 4.91% (Interest Expense 53.3m / Debt 1.09b)
Taxrate = 20.59% (16.6m / 80.6m)
NOPAT = 479.3m (EBIT 603.6m * (1 - 20.59%))
Current Ratio = 4.94 (Total Current Assets 895.8m / Total Current Liabilities 181.2m)
Debt / Equity = 0.34 (Debt 1.09b / totalStockholderEquity, last quarter 3.17b)
Debt / EBITDA = 0.64 (Net Debt 397.3m / EBITDA 623.6m)
Debt / FCF = 3.01 (Net Debt 397.3m / FCF TTM 132.0m)
Total Stockholder Equity = 3.10b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.64% (Net Income 402.9m / Total Assets 4.78b)
RoE = 12.99% (Net Income TTM 402.9m / Total Stockholder Equity 3.10b)
RoCE = 14.81% (EBIT 603.6m / Capital Employed (Equity 3.10b + L.T.Debt 973.2m))
RoIC = 11.92% (NOPAT 479.3m / Invested Capital 4.02b)
WACC = 7.36% (E(3.71b)/V(4.80b) * Re(8.37%) + D(1.09b)/V(4.80b) * Rd(4.91%) * (1-Tc(0.21)))
Discount Rate = 8.37% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.44%
[DCF Debug] Terminal Value 73.26% ; FCFF base≈147.7m ; Y1≈97.0m ; Y5≈44.2m
Fair Price DCF = 22.20 (EV 977.7m - Net Debt 397.3m = Equity 580.4m / Shares 26.1m; r=7.36% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: -23.86 | EPS CAGR: -7.18% | SUE: -2.34 | # QB: 0
Revenue Correlation: 53.50 | Revenue CAGR: 7.96% | SUE: 0.36 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.71 | Chg30d=-0.160 | Revisions Net=+0 | Analysts=3
EPS current Year (2026-12-31): EPS=13.96 | Chg30d=-0.978 | Revisions Net=+0 | Growth EPS=-5.3% | Growth Revenue=-0.3%
EPS next Year (2027-12-31): EPS=16.18 | Chg30d=N/A | Revisions Net=-1 | Growth EPS=+15.9% | Growth Revenue=+7.0%