(MHO) M/I Homes - NYSE
Sector: Consumer Cyclical | Industry: Residential Construction | Exchange: NYSE (USA) | Market Cap: 3.641m USD | Total Return: 42.6% in 12m
Avg Turnover: 29.9M
EPS Trend: -31.7%
Qual. Beats: 0
Rev. Trend: 68.4%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Supp Ema8
M/I Homes, Inc. (MHO) is a residential homebuilder operating across the Midwest and Southern United States. The company manages a vertically integrated business model that encompasses land acquisition, development, and the construction of single-family homes and townhomes. Its operations target a broad demographic spectrum, including first-time, move-up, and luxury buyers.
The company operates through three primary segments: Northern Homebuilding, Southern Homebuilding, and Financial Services. By providing in-house mortgage origination and title insurance services, homebuilders like MHO can often capture additional margin and streamline the closing process for buyers. This integration is a common strategy in the capital-intensive homebuilding sector to mitigate third-party delays.
Investors can evaluate the companys valuation metrics and historical performance data on ValueRay. Founded in 1976 and headquartered in Columbus, Ohio, the firm maintains a significant geographic footprint in high-growth markets such as Texas, Florida, and the Carolinas. This regional diversification helps balance exposure to local economic fluctuations and varying regulatory environments.
- Elevated mortgage rates depress demand among first-time and move-up homebuyer segments
- Strategic land acquisition and development costs impact long-term gross profit margins
- Geographic concentration in Texas and Florida markets drives total delivery volume
- Financial services segment profitability fluctuates with residential mortgage origination activity
- Supply chain constraints and labor shortages increase cycle times for home completions
| 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 (471.6m): 0.63 < 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: 22.68 > 6 (EBIT TTM 454.4m / 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: 0.10 (EBIT TTM 454.4m / Avg Total Assets 4.69b) |
| D: 2.00 (Book Value of Equity 3.19b / Total Liabilities 1.60b) |
| Altman-Z'' = 6.10 = AAA |
As of June 20, 2026, the stock is trading at USD 149.09 with a total of 447,627 shares traded.
Over the past week, the price has changed by +5.03%,
over one month by +20.34%,
over three months by +20.32% and
over the past year by +42.59%.
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 | 7.3% |
P/E Trailing = 10.6153
P/E Forward = 9.3545
P/S = 0.8346
P/B = 1.1329
P/EG = 0.954
Revenue TTM = 4.36b USD
EBIT TTM = 454.4m USD
EBITDA TTM = 471.6m 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 = 3.94b USD (3.64b + Debt 1.07b - CCE 767.4m)
Interest Coverage Ratio = 22.68 (Ebit TTM 454.4m / Interest Expense TTM 20.0m)
EV/FCF = 19.77x (Enterprise Value 3.94b / FCF TTM 199.3m)
FCF Yield = 5.06% (FCF TTM 199.3m / Enterprise Value 3.94b)
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 = 0.82 (Enterprise Value 3.94b / Total Assets 4.79b)
Interest Expense / Debt = 1.88% (Interest Expense 20.0m / Debt 1.07b)
Taxrate = 23.44% (110.1m / 469.6m)
NOPAT = 347.9m (EBIT 454.4m * (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 = 0.63 (Net Debt 299.1m / EBITDA 471.6m)
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 = 11.07% (EBIT 454.4m / Capital Employed (Equity 3.15b + L.T.Debt 956.8m))
RoIC = 7.99% (NOPAT 347.9m / Invested Capital 4.35b)
WACC = 7.43% (E(3.64b)/V(4.71b) * Re(9.19%) + D(1.07b)/V(4.71b) * Rd(1.88%) * (1-Tc(0.23)))
Discount Rate = 9.19% (= 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%