MHO Stock Analysis: M/I Homes | NYSE
Residential Construction | NYSE, USA | Market Cap: 3.852m USD | 12M Return: 4.1% | US55305B1017 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 31.3M
EPS Trend: -64.2%
Qual. Beats: 0
Rev. Trend: 57.9%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
M/I Homes, Inc. (NYSE: MHO) is a U.S. homebuilder that designs, constructs, markets, and sells single-family homes and attached townhomes under the M/I Homes brand, operating across nine states: Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company reports through three segments: Northern Homebuilding, Southern Homebuilding, and Financial Services. It serves a broad range of buyer profiles, including first-time, move-up, empty-nester, multi-generational, and luxury purchasers. In addition to homebuilding, M/I Homes purchases undeveloped land and develops it into finished lots for its own use and for sale to third parties.
The company also operates a vertically integrated Financial Services segment that originates and sells mortgages and acts as a title insurance agent, providing title policies, examinations, and closing services to buyers of its homes. Founded in 1976 and headquartered in Columbus, Ohio, M/I Homes was formerly known as M/I Schottenstein Homes, Inc. before adopting its current name in January 2004. As a member of the Consumer Discretionary sectors Homebuilding sub-industry, the company is positioned within a segment whose performance is closely tied to U.S. housing demand, mortgage rates, and land availability, and whose larger players commonly combine home construction with mortgage and title operations to capture additional value from each transaction.
- Mortgage rate cuts spur new home order growth
- Sun Belt land pipeline expansion drives future revenue
- Housing affordability pressures tighten first-time buyer demand
| Net Income: 317.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 1.35 > 1.0 |
| NWC/Revenue: 16.85% < 20% (prev 90.23%; Δ -73.37% < -1%) |
| CFO/TA 0.04 > 3% & CFO 206.7m > Net Income 317.4m |
| Net Debt (320.8m) to EBITDA (417.5m): 0.77 < 3 |
| Current Ratio: 3.94 > 1.5 & < 3 |
| Outstanding Shares: last quarter (26.2m) vs 12m ago -5.35% < -2% |
| Gross Margin: 21.55% > 18% (prev 25.44%; Δ -3.89% > 0.5%) |
| Asset Turnover: 88.85% > 50% (prev 94.54%; Δ -5.69% > 0%) |
| Interest Coverage Ratio: 19.96 > 6 (EBIT TTM 400.0m / Interest Expense TTM 20.0m) |
| A: 0.15 (Total Current Assets 962.9m - Total Current Liabilities 244.5m) / Total Assets 4.86b |
| B: 0.70 (Retained Earnings 3.41b / Total Assets 4.86b) |
| C: 0.08 (EBIT TTM 400.0m / Avg Total Assets 4.80b) |
| D: 1.98 (Book Value of Equity 3.23b / Total Liabilities 1.63b) |
| Altman-Z'' = 5.90 = AAA |
As of August 25, 2026, the stock is trading at USD 152.04 with a total of 139,052 shares traded. Over the past week, the price has changed by +0.56%, over one month by +1.47%, over three months by +15.09% and over the past year by +4.07%.
Current recommended Stop Loss: 140.00 (which is 7.9% or 2.6 ATR below the current price).
M/I Homes has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy MHO.
- StrongBuy: 1
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 170.7 | 12.3% |
P/E Trailing = 12.7827
P/E Forward = 11.4943
P/S = 0.9037
P/B = 1.1936
P/EG = 0.954
Revenue TTM = 4.26b USD
EBIT TTM = 400.0m USD
EBITDA TTM = 417.5m USD
Long Term Debt = 949.3m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 1.06b USD (from shortLongTermDebtTotal, last quarter) + Leases 53.7m
Net Debt = 320.8m USD (calculated: Debt 1.06b - CCE 735.9m)
Enterprise Value = 4.17b USD (3.85b + Debt 1.06b - CCE 735.9m)
Interest Coverage Ratio = 19.96 (Ebit TTM 400.0m / Interest Expense TTM 20.0m)
EV/FCF = 20.75x (Enterprise Value 4.17b / FCF TTM 201.1m)
FCF Yield = 4.82% (FCF TTM 201.1m / Enterprise Value 4.17b)
FCF Margin = 4.72% (FCF TTM 201.1m / Revenue TTM 4.26b)
Net Margin = 7.44% (Net Income TTM 317.4m / Revenue TTM 4.26b)
Gross Margin = 21.55% ((Revenue TTM 4.26b - Cost of Revenue TTM 3.34b) / Revenue TTM)
Gross Margin QoQ = 22.15% (prev 22.00%)
Tobins Q-Ratio = 0.86 (Enterprise Value 4.17b / Total Assets 4.86b)
Interest Expense / Debt = 1.90% (Interest Expense 20.0m / Debt 1.06b)
Taxrate = 23.36% (96.7m / 414.1m)
NOPAT = 306.5m (EBIT 400.0m * (1 - 23.36%))
Current Ratio = 3.94 (Total Current Assets 962.9m / Total Current Liabilities 244.5m)
Debt / Equity = 0.33 (Debt 1.06b / totalStockholderEquity, last quarter 3.23b)
Debt / EBITDA = 0.77 (Net Debt 320.8m / EBITDA 417.5m)
Debt / FCF = 1.60 (Net Debt 320.8m / FCF TTM 201.1m)
Total Stockholder Equity = 3.18b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.61% (Net Income 317.4m / Total Assets 4.86b)
RoE = 9.97% (Net Income TTM 317.4m / Total Stockholder Equity 3.18b)
RoCE = 9.68% (EBIT 400.0m / Capital Employed (Equity 3.18b + L.T.Debt 949.3m))
RoIC = 6.97% (NOPAT 306.5m / Invested Capital 4.40b)
WACC = 6.61% (E(3.85b)/V(4.91b) * Re(8.02%) + D(1.06b)/V(4.91b) * Rd(1.90%) * (1-Tc(0.23)))
Discount Rate = 8.02% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -97.78 | Cagr: -4.26%
[DCF] Terminal Value 77.97% ; FCFF base≈173.7m ; Y1≈199.1m ; Y5≈293.0m
[DCF] Fair Price = 161.7 (EV 4.41b - Net Debt 320.8m = Equity 4.09b / Shares 25.3m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -64.19 | EPS CAGR: -10.30% | SUE: -0.05 | # QB: 0
Revenue Correlation: 57.93 | Revenue CAGR: 2.39% | SUE: 0.24 | # QB: 0
EPS current Quarter (2026-09-30): EPS=3.35 | Chg30d=+0.37% | Revisions=-25% | Analysts=4
EPS current Year (2026-12-31): EPS=12.32 | Chg30d=-1.46% | Revisions=-17% | GrowthEPS=-16.4% | GrowthRev=-5.0%
EPS next Year (2027-12-31): EPS=14.49 | Chg30d=-4.83% | Revisions=+0% | GrowthEPS=+17.7% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: -18% (up=3, down=5)