(MHO) M/I Homes - NYSE
Sector: Consumer Cyclical | Industry: Residential Construction | Exchange: NYSE (USA) | Market Cap: 3.842m USD | Total Return: 44.9% in 12m
Avg Turnover: 33.5M
EPS Trend: -31.7%
Qual. Beats: 0
Rev. Trend: 68.4%
Qual. Beats: 0
Warnings
Fakeout
Tailwinds
Supp Ema8, Tailwind
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: 359.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 1.56 > 1.0 |
| NWC/Revenue: 18.00% < 20% (prev 88.35%; Δ -70.35% < -1%) |
| CFO/TA 0.04 > 3% & CFO 207.7m > Net Income 359.5m |
| Net Debt (299.1m) to EBITDA (567.1m): 0.53 < 3 |
| Current Ratio: 4.64 > 1.5 & < 3 |
| Outstanding Shares: last quarter (26.6m) vs 12m ago -4.94% < -2% |
| Gross Margin: 22.23% > 18% (prev 26.25%; Δ -4.02% > 0.5%) |
| Asset Turnover: 93.08% > 50% (prev 96.57%; Δ -3.49% > 0%) |
| Interest Coverage Ratio: 27.28 > 6 (EBIT TTM 546.6m / Interest Expense TTM 20.0m) |
| A: 0.16 (Total Current Assets 1.00b - Total Current Liabilities 215.8m) / Total Assets 4.79b |
| B: 0.70 (Retained Earnings 3.34b / Total Assets 4.79b) |
| C: 0.12 (EBIT TTM 546.6m / Avg Total Assets 4.69b) |
| D: 2.00 (Book Value of Equity 3.19b / Total Liabilities 1.60b) |
| Altman-Z'' = 6.23 = AAA |
As of June 26, 2026, the stock is trading at USD 159.19 with a total of 260,425 shares traded. Over the past week, the price has changed by +11.49%, over one month by +20.50%, over three months by +29.32% and over the past year by +44.94%.
Current recommended Stop Loss: 152.60 (which is 4.1% or 1.4 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 | 160 | 0.5% |
P/E Trailing = 11.2014
P/E Forward = 9.3545
P/S = 0.8806
P/B = 1.1951
P/EG = 0.954
Revenue TTM = 4.36b USD
EBIT TTM = 546.6m USD
EBITDA TTM = 567.1m USD
Long Term Debt = 956.8m USD (from longTermDebt, last quarter)
Short Term Debt = 289.7m USD (from shortTermDebt, two quarters ago)
Debt = 1.07b USD (from shortLongTermDebtTotal, last quarter) + Leases 54.9m
Net Debt = 299.1m USD (calculated: Debt 1.07b - CCE 767.4m)
Enterprise Value = 4.14b USD (3.84b + Debt 1.07b - CCE 767.4m)
Interest Coverage Ratio = 27.28 (Ebit TTM 546.6m / Interest Expense TTM 20.0m)
EV/FCF = 20.78x (Enterprise Value 4.14b / FCF TTM 199.3m)
FCF Yield = 4.81% (FCF TTM 199.3m / Enterprise Value 4.14b)
FCF Margin = 4.57% (FCF TTM 199.3m / Revenue TTM 4.36b)
Net Margin = 8.24% (Net Income TTM 359.5m / Revenue TTM 4.36b)
Gross Margin = 22.23% ((Revenue TTM 4.36b - Cost of Revenue TTM 3.39b) / Revenue TTM)
Gross Margin QoQ = 22.00% (prev 18.10%)
Tobins Q-Ratio = 0.86 (Enterprise Value 4.14b / Total Assets 4.79b)
Interest Expense / Debt = 1.88% (Interest Expense 20.0m / Debt 1.07b)
Taxrate = 23.44% (110.1m / 469.6m)
NOPAT = 418.5m (EBIT 546.6m * (1 - 23.44%))
Current Ratio = 4.64 (Total Current Assets 1.00b / Total Current Liabilities 215.8m)
Debt / Equity = 0.33 (Debt 1.07b / totalStockholderEquity, last quarter 3.19b)
Debt / EBITDA = 0.53 (Net Debt 299.1m / EBITDA 567.1m)
Debt / FCF = 1.50 (Net Debt 299.1m / FCF TTM 199.3m)
Total Stockholder Equity = 3.15b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.67% (Net Income 359.5m / Total Assets 4.79b)
RoE = 11.42% (Net Income TTM 359.5m / Total Stockholder Equity 3.15b)
RoCE = 13.32% (EBIT 546.6m / Capital Employed (Equity 3.15b + L.T.Debt 956.8m))
RoIC = 9.61% (NOPAT 418.5m / Invested Capital 4.35b)
WACC = 7.40% (E(3.84b)/V(4.91b) * Re(9.06%) + D(1.07b)/V(4.91b) * Rd(1.88%) * (1-Tc(0.23)))
Discount Rate = 9.06% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.11 | Cagr: -3.47%
[DCF] Terminal Value 77.97% ; FCFF base≈167.3m ; Y1≈191.8m ; Y5≈282.3m
[DCF] Fair Price = 154.3 (EV 4.25b - Net Debt 299.1m = Equity 3.95b / Shares 25.6m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -31.67 | EPS CAGR: -2.74% | SUE: -0.80 | # QB: 0
Revenue Correlation: 68.40 | Revenue CAGR: 2.84% | SUE: -0.01 | # QB: 0
EPS current Quarter (2026-06-30): EPS=3.12 | Chg30d=-16.89% | Revisions=-33% | Analysts=2
EPS next Quarter (2026-09-30): EPS=3.34 | Chg30d=-9.97% | Revisions=-33% | Analysts=2
EPS current Year (2026-12-31): EPS=12.65 | Chg30d=-9.36% | Revisions=-33% | GrowthEPS=-14.2% | GrowthRev=-6.2%
EPS next Year (2027-12-31): EPS=15.46 | Chg30d=-4.43% | Revisions=-33% | GrowthEPS=+22.2% | GrowthRev=+10.1%
[Analyst] Revisions Ratio: -33%