M/I HOMES INC (MHO) Stock Fundamental Analysis
USA - NYSE:MHO - US55305B1017 - Common Stock
148.06 USD
+1.16 (+0.79%)
148.06 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to MHO. MHO was compared to 63 industry peers in the Household Durables industry. MHO scores excellent points on both the profitability and health parts. This is a solid base for a good stock. MHO may be a bit undervalued, certainly considering the very reasonable score on growth With these ratings, MHO could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
MHO had positive earnings in the past year.
In the past year MHO had a positive cash flow from operations.
Each year in the past 5 years MHO has been profitable.
Of the past 5 years MHO 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of MHO (10.79%) is better than 85.71% of its industry peers.
MHO has a Return On Equity of 16.59%. This is in the better half of the industry: MHO outperforms 73.02% of its industry peers.
MHO's Return On Invested Capital of 11.32% is fine compared to the rest of the industry. MHO outperforms 71.43% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MHO is above the industry average of 10.32%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.79% | ||
| ROE | 16.59% | ||
| ROIC | 11.32% |
ROA(3y)12.39%
ROA(5y)11.7%
ROE(3y)20.45%
ROE(5y)20.97%
ROIC(3y)13.5%
ROIC(5y)13.06%
1.3 Margins
MHO has a better Profit Margin (11.40%) than 88.89% of its industry peers.
MHO's Profit Margin has improved in the last couple of years.
MHO's Operating Margin of 14.32% is amongst the best of the industry. MHO outperforms 85.71% of its industry peers.
MHO's Operating Margin has improved in the last couple of years.
MHO has a Gross Margin of 25.53%. This is comparable to the rest of the industry: MHO outperforms 50.79% of its industry peers.
MHO's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.32% | ||
| PM (TTM) | 11.4% | ||
| GM | 25.53% |
OM growth 3Y4.25%
OM growth 5Y15.33%
PM growth 3Y5.7%
PM growth 5Y19.65%
GM growth 3Y3.13%
GM growth 5Y6.12%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MHO is still creating some value.
Compared to 1 year ago, MHO has less shares outstanding
MHO has less shares outstanding than it did 5 years ago.
The debt/assets ratio for MHO is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.66 indicates that MHO is not in any danger for bankruptcy at the moment.
MHO has a better Altman-Z score (4.66) than 77.78% of its industry peers.
The Debt to FCF ratio of MHO is 7.33, which is on the high side as it means it would take MHO, 7.33 years of fcf income to pay off all of its debts.
MHO's Debt to FCF ratio of 7.33 is in line compared to the rest of the industry. MHO outperforms 57.14% of its industry peers.
MHO has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
MHO has a Debt to Equity ratio (0.32) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 7.33 | ||
| Altman-Z | 4.66 |
ROIC/WACC1.32
WACC8.59%
2.3 Liquidity
A Current Ratio of 10.68 indicates that MHO has no problem at all paying its short term obligations.
With an excellent Current ratio value of 10.68, MHO belongs to the best of the industry, outperforming 93.65% of the companies in the same industry.
MHO has a Quick Ratio of 2.09. This indicates that MHO is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of MHO (2.09) is better than 87.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 10.68 | ||
| Quick Ratio | 2.09 |
3. Growth
3.1 Past
The earnings per share for MHO have decreased by -0.92% in the last year.
MHO shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 33.72% yearly.
Looking at the last year, MHO shows a small growth in Revenue. The Revenue has grown by 7.46% in the last year.
The Revenue has been growing by 12.50% on average over the past years. This is quite good.
EPS 1Y (TTM)-0.92%
EPS 3Y14.04%
EPS 5Y33.72%
EPS Q2Q%-13.67%
Revenue 1Y (TTM)7.46%
Revenue growth 3Y6.34%
Revenue growth 5Y12.5%
Sales Q2Q%4.76%
3.2 Future
MHO is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.48% yearly.
MHO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.93% yearly.
EPS Next Y-11.61%
EPS Next 2Y-3.04%
EPS Next 3Y2.48%
EPS Next 5YN/A
Revenue Next Year-0.24%
Revenue Next 2Y1.04%
Revenue Next 3Y3.93%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 8.13, which indicates a very decent valuation of MHO.
Compared to the rest of the industry, the Price/Earnings ratio of MHO indicates a rather cheap valuation: MHO is cheaper than 82.54% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.86. MHO is valued rather cheaply when compared to this.
MHO is valuated cheaply with a Price/Forward Earnings ratio of 7.99.
92.06% of the companies in the same industry are more expensive than MHO, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of MHO to the average of the S&P500 Index (23.32), we can say MHO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.13 | ||
| Fwd PE | 7.99 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MHO is valued cheaper than 82.54% of the companies in the same industry.
MHO's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.49 | ||
| EV/EBITDA | 6.19 |
4.3 Compensation for Growth
The excellent profitability rating of MHO may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.24
EPS Next 2Y-3.04%
EPS Next 3Y2.48%
5. Dividend
5.1 Amount
MHO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
148.06
+1.16 (+0.79%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners98.25%
Inst Owner Change0%
Ins Owners2.41%
Ins Owner Change-0.19%
Market Cap3.91B
Analysts85.71
Price Target165.24 (11.6%)
Short Float %4.18%
Short Ratio3.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.28%
Min EPS beat(2)-5.31%
Max EPS beat(2)-1.25%
EPS beat(4)1
Avg EPS beat(4)-1.95%
Min EPS beat(4)-5.31%
Max EPS beat(4)2.29%
EPS beat(8)4
Avg EPS beat(8)0.92%
EPS beat(12)8
Avg EPS beat(12)13.62%
EPS beat(16)11
Avg EPS beat(16)12.03%
Revenue beat(2)1
Avg Revenue beat(2)-5.26%
Min Revenue beat(2)-13.77%
Max Revenue beat(2)3.25%
Revenue beat(4)3
Avg Revenue beat(4)-1.88%
Min Revenue beat(4)-13.77%
Max Revenue beat(4)3.25%
Revenue beat(8)5
Avg Revenue beat(8)-2.78%
Revenue beat(12)8
Avg Revenue beat(12)3.23%
Revenue beat(16)9
Avg Revenue beat(16)1.23%
PT rev (1m)0%
PT rev (3m)2.1%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.12%
EPS NY rev (1m)0%
EPS NY rev (3m)1.49%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.13 | ||
| Fwd PE | 7.99 | ||
| P/S | 0.87 | ||
| P/FCF | 29.49 | ||
| P/OCF | 28.09 | ||
| P/B | 1.27 | ||
| P/tB | 1.27 | ||
| EV/EBITDA | 6.19 |
EPS(TTM)18.21
EY12.3%
EPS(NY)18.53
Fwd EY12.52%
FCF(TTM)5.02
FCFY3.39%
OCF(TTM)5.27
OCFY3.56%
SpS170.02
BVpS116.79
TBVpS116.17
PEG (NY)N/A
PEG (5Y)0.24
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.79% | ||
| ROE | 16.59% | ||
| ROCE | 14.75% | ||
| ROIC | 11.32% | ||
| ROICexc | 13.86% | ||
| ROICexgc | 14.69% | ||
| OM | 14.32% | ||
| PM (TTM) | 11.4% | ||
| GM | 25.53% | ||
| FCFM | 2.95% |
ROA(3y)12.39%
ROA(5y)11.7%
ROE(3y)20.45%
ROE(5y)20.97%
ROIC(3y)13.5%
ROIC(5y)13.06%
ROICexc(3y)16.19%
ROICexc(5y)15.2%
ROICexgc(3y)16.79%
ROICexgc(5y)15.85%
ROCE(3y)17.59%
ROCE(5y)17.02%
ROICexcg growth 3Y1.84%
ROICexcg growth 5Y16.09%
ROICexc growth 3Y2.49%
ROICexc growth 5Y16.51%
OM growth 3Y4.25%
OM growth 5Y15.33%
PM growth 3Y5.7%
PM growth 5Y19.65%
GM growth 3Y3.13%
GM growth 5Y6.12%
F-Score5
Asset Turnover0.95
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 7.33 | ||
| Debt/EBITDA | 1.48 | ||
| Cap/Depr | 41.19% | ||
| Cap/Sales | 0.15% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 21.12% | ||
| Profit Quality | 25.91% | ||
| Current Ratio | 10.68 | ||
| Quick Ratio | 2.09 | ||
| Altman-Z | 4.66 |
F-Score5
WACC8.59%
ROIC/WACC1.32
Cap/Depr(3y)52.66%
Cap/Depr(5y)82.58%
Cap/Sales(3y)0.18%
Cap/Sales(5y)0.32%
Profit Quality(3y)61.14%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-0.92%
EPS 3Y14.04%
EPS 5Y33.72%
EPS Q2Q%-13.67%
EPS Next Y-11.61%
EPS Next 2Y-3.04%
EPS Next 3Y2.48%
EPS Next 5YN/A
Revenue 1Y (TTM)7.46%
Revenue growth 3Y6.34%
Revenue growth 5Y12.5%
Sales Q2Q%4.76%
Revenue Next Year-0.24%
Revenue Next 2Y1.04%
Revenue Next 3Y3.93%
Revenue Next 5YN/A
EBIT growth 1Y-2.93%
EBIT growth 3Y10.86%
EBIT growth 5Y29.74%
EBIT Next Year-11.35%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-74.25%
FCF growth 3YN/A
FCF growth 5Y22.9%
OCF growth 1Y-73.42%
OCF growth 3YN/A
OCF growth 5Y22.33%