M/I HOMES INC (MHO)
US55305B1017 - Common Stock
MHO gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 67 industry peers in the Household Durables industry. MHO has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. MHO is valued quite cheap, while showing a decent growth score. This is a good combination! This makes MHO very considerable 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.
In the past 5 years MHO has always been profitable.
Of the past 5 years MHO 4 years had a positive operating cash flow.
1.2 Ratios
MHO has a Return On Assets of 11.57%. This is amongst the best in the industry. MHO outperforms 83.33% of its industry peers.
MHO has a better Return On Equity (18.49%) than 80.30% of its industry peers.
MHO has a Return On Invested Capital of 12.29%. This is in the better half of the industry: MHO outperforms 78.79% of its industry peers.
MHO had an Average Return On Invested Capital over the past 3 years of 13.69%. This is above the industry average of 10.04%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.57% | ||
| ROE | 18.49% | ||
| ROIC | 12.29% |
ROA(3y)12.34%
ROA(5y)10.43%
ROE(3y)22.21%
ROE(5y)19.68%
ROIC(3y)13.69%
ROIC(5y)11.91%
1.3 Margins
MHO has a better Profit Margin (11.54%) than 83.33% of its industry peers.
In the last couple of years the Profit Margin of MHO has grown nicely.
With an excellent Operating Margin value of 14.56%, MHO belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
MHO's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 25.26%, MHO perfoms like the industry average, outperforming 43.94% of the companies in the same industry.
MHO's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.56% | ||
| PM (TTM) | 11.54% | ||
| GM | 25.26% |
OM growth 3Y10.61%
OM growth 5Y14.52%
PM growth 3Y13.57%
PM growth 5Y19.62%
GM growth 3Y3.96%
GM growth 5Y5.14%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MHO is creating some value.
MHO has more shares outstanding than it did 1 year ago.
The number of shares outstanding for MHO has been increased compared to 5 years ago.
Compared to 1 year ago, MHO has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.58 indicates that MHO is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.58, MHO is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
The Debt to FCF ratio of MHO is 1.57, which is an excellent value as it means it would take MHO, only 1.57 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 1.57, MHO is doing good in the industry, outperforming 71.21% of the companies in the same industry.
MHO has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of MHO (0.34) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 1.57 | ||
| Altman-Z | 4.58 |
ROIC/WACC1.2
WACC10.22%
2.3 Liquidity
MHO has a Current Ratio of 10.16. This indicates that MHO is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 10.16, MHO belongs to the best of the industry, outperforming 92.42% of the companies in the same industry.
MHO has a Quick Ratio of 2.11. This indicates that MHO is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 2.11, MHO belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 10.16 | ||
| Quick Ratio | 2.11 |
3. Growth
3.1 Past
The earnings per share for MHO have decreased by -8.61% in the last year.
MHO shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 32.02% yearly.
MHO shows a decrease in Revenue. In the last year, the revenue decreased by -2.37%.
The Revenue has been growing by 12.02% on average over the past years. This is quite good.
EPS 1Y (TTM)-8.61%
EPS 3Y24.38%
EPS 5Y32.02%
EPS growth Q2Q-28.93%
Revenue 1Y (TTM)-2.37%
Revenue growth 3Y9.81%
Revenue growth 5Y12.02%
Revenue growth Q2Q-20.08%
3.2 Future
MHO is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.93% yearly.
The Revenue is expected to grow by 1.18% on average over the next years.
EPS Next Y1.65%
EPS Next 2Y3.93%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-2.52%
Revenue Next 2Y1.18%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
Based on the Price/Earnings ratio of 7.51, the valuation of MHO can be described as very cheap.
MHO's Price/Earnings ratio is rather cheap when compared to the industry. MHO is cheaper than 90.91% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.73. MHO is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 7.39, the valuation of MHO can be described as very cheap.
90.91% of the companies in the same industry are more expensive than MHO, based on the Price/Forward Earnings ratio.
MHO is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.41, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.51 | ||
| Fwd PE | 7.39 |
4.2 Price Multiples
MHO's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MHO is cheaper than 93.94% of the companies in the same industry.
MHO's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MHO is cheaper than 80.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.2 | ||
| EV/EBITDA | 5.84 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MHO does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of MHO may justify a higher PE ratio.
PEG (NY)4.55
PEG (5Y)0.23
EPS Next 2Y3.93%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MHO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
M/I HOMES INC
NYSE:MHO (5/3/2024, 7:05:52 PM)
After market: 124.37 +2.35 (+1.93%)122.02
+3.11 (+2.62%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.39B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.51 | ||
| Fwd PE | 7.39 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)4.55
PEG (5Y)0.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.57% | ||
| ROE | 18.49% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 14.56% | ||
| PM (TTM) | 11.54% | ||
| GM | 25.26% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 10.16 | ||
| Quick Ratio | 2.11 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-8.61%
EPS 3Y24.38%
EPS 5Y
EPS growth Q2Q
EPS Next Y1.65%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-2.37%
Revenue growth 3Y9.81%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y