MHO Stock Analysis: M/I Homes | NYSE
Residential Construction | NYSE, USA | Market Cap: 3.117m USD | 12M Return: -6.2% | US55305B1017 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 33.3M
EPS Trend: -75.8%
Qual. Beats: 0
Rev. Trend: 44.7%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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 US homebuilder that designs, constructs, and sells single-family homes and attached townhomes across nine states: Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through two homebuilding segments (Northern and Southern) plus a Financial Services segment, and targets a range of buyer types from first-time purchasers to luxury customers. Beyond construction, M/I Homes is vertically integrated, purchasing undeveloped land and developing it into finished lots, originating and selling mortgages, and acting as a title insurance agent for its home buyers. The company was founded in 1976 and is headquartered in Columbus, Ohio.
Homebuilders commonly operate with this integrated structure, combining land development, construction, and in-house mortgage and title services to capture additional revenue at each stage of the home purchase process and offer buyers a more streamlined transaction. As a Consumer Discretionary sub-industry constituent, the homebuilding sector tends to be cyclical, with demand sensitive to mortgage rates, employment trends, and broader housing market conditions.
- Mortgage rates ease boosting home affordability and demand
- Sun Belt expansion drives Southern Homebuilding revenue growth
- Land position strategy supports margins and lot pipeline
| Net Income: 277.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -2.28 > 1.0 |
| NWC/Revenue: 100.4% < 20% (prev 90.92%; Δ 9.49% < -1%) |
| CFO/TA 0.03 > 3% & CFO 150.0m > Net Income 277.4m |
| Net Debt (412.5m) to EBITDA (362.0m): 1.14 < 3 |
| Current Ratio: 19.44 > 1.5 & < 3 |
| Outstanding Shares: last quarter (25.9m) vs 12m ago -5.68% < -2% |
| Gross Margin: 20.68% > 18% (prev 24.73%; Δ -4.05% > 0.5%) |
| Asset Turnover: 87.38% > 50% (prev 93.78%; Δ -6.40% > 0%) |
| Interest Coverage Ratio: 17.23 > 6 (EBIT TTM 345.3m / Interest Expense TTM 20.0m) |
| A: 0.87 (Total Current Assets 4.45b - Total Current Liabilities 229.1m) / Total Assets 4.86b |
| B: 0.72 (Retained Earnings 3.48b / Total Assets 4.86b) |
| C: 0.07 (EBIT TTM 345.3m / Avg Total Assets 4.81b) |
| D: 2.02 (Book Value of Equity 3.25b / Total Liabilities 1.61b) |
| Altman-Z'' = 10.64 = AAA |
As of October 24, 2026, the stock is trading at USD 123.97 with a total of 469,413 shares traded. Over the past week, the price has changed by -0.41%, over one month by -10.02%, over three months by -15.57% and over the past year by -6.23%.
Current recommended Stop Loss: 115.30 (which is 7% or 1.8 ATR below the current price).
M/I Homes has received a consensus analysts rating of 4.25. Therefore, it is recommended to buy MHO.
- StrongBuy: 2
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 170.7 | 37.7% |
P/E Trailing = 11.6761
P/E Forward = 11.8765
P/S = 0.7313
P/B = 1.1177
P/EG = 0.954
Revenue TTM = 4.21b USD
EBIT TTM = 345.3m USD
EBITDA TTM = 362.0m USD
Long Term Debt = 973.2m USD (from longTermDebt, last fiscal year)
Short Term Debt = unknown (none)
Debt = 1.03b USD (from shortLongTermDebtTotal, last quarter) + Leases 53.7m
Net Debt = 412.5m USD (calculated: Debt 1.03b - CCE 620.6m)
Enterprise Value = 3.53b USD (3.12b + Debt 1.03b - CCE 620.6m)
Interest Coverage Ratio = 17.23 (Ebit TTM 345.3m / Interest Expense TTM 20.0m)
EV/FCF = 25.84x (Enterprise Value 3.53b / FCF TTM 136.6m)
FCF Yield = 3.87% (FCF TTM 136.6m / Enterprise Value 3.53b)
FCF Margin = 3.25% (FCF TTM 136.6m / Revenue TTM 4.21b)
Net Margin = 6.59% (Net Income TTM 277.4m / Revenue TTM 4.21b)
Gross Margin = 20.68% ((Revenue TTM 4.21b - Cost of Revenue TTM 3.34b) / Revenue TTM)
Gross Margin QoQ = 20.86% (prev 22.15%)
Tobins Q-Ratio = 0.73 (Enterprise Value 3.53b / Total Assets 4.86b)
Interest Expense / Debt = 1.94% (Interest Expense 20.0m / Debt 1.03b)
Taxrate = 23.19% (83.7m / 361.2m)
NOPAT = 265.2m (EBIT 345.3m * (1 - 23.19%))
Current Ratio = 19.44 (Total Current Assets 4.45b / Total Current Liabilities 229.1m)
Debt / Equity = 0.32 (Debt 1.03b / totalStockholderEquity, last quarter 3.25b)
Debt / EBITDA = 1.14 (Net Debt 412.5m / EBITDA 362.0m)
Debt / FCF = 3.02 (Net Debt 412.5m / FCF TTM 136.6m)
Total Stockholder Equity = 3.21b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.76% (Net Income 277.4m / Total Assets 4.86b)
RoE = 8.64% (Net Income TTM 277.4m / Total Stockholder Equity 3.21b)
RoCE = 8.25% (EBIT 345.3m / Capital Employed (Equity 3.21b + L.T.Debt 973.2m))
RoIC = 6.00% (NOPAT 265.2m / Invested Capital 4.42b)
WACC = 5.81% (E(3.12b)/V(4.15b) * Re(7.24%) + D(1.03b)/V(4.15b) * Rd(1.94%) * (1-Tc(0.23)))
Discount Rate = 7.24% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -98.53 | Cagr: -4.33%
[DCF] Terminal Value 73.10% ; FCFF base≈179.2m ; Y1≈157.1m ; Y5≈126.9m
[DCF] Fair Price = 64.28 (EV 2.04b - Net Debt 412.5m = Equity 1.63b / Shares 25.3m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -75.79 | EPS CAGR: -15.19% | SUE: -0.66 | # QB: 0
Revenue Correlation: 44.68 | Revenue CAGR: 1.87% | SUE: -0.47 | # QB: 0
EPS current Quarter (2027-03-31): EPS=2.75 | Chg30d=-8.02% | Revisions=+25% | Analysts=3
EPS current Year (2026-12-31): EPS=10.88 | Chg30d=-10.76% | Revisions=-17% | GrowthEPS=-26.2% | GrowthRev=-6.3%
EPS next Year (2027-12-31): EPS=13.17 | Chg30d=-6.48% | Revisions=+0% | GrowthEPS=+21.0% | GrowthRev=+3.8%
[Analyst] Revisions Ratio: +0% (up=4, down=4)