M/I Homes (MHO) AI Stock Analysis

• Market Cap: $3.61B
• Dividend Yield: N/A
• Average Volume (3M): 308.51K
• Price to Earnings (P/E): 7.9
• Beta (1Y): 1.09
• Revenue Growth: 7.39%
• EPS Growth: -1.37%
• Country: US
• Employees: 1,760
• Sector: Consumer Cyclical
• Sector Strength: 75
• Industry: Residential Construction
• EPS (TTM): 4.42
• Shares Outstanding: 26,390,709
• 10 Day Avg. Volume: 311,328
• 30 Day Avg. Volume: 308,514
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.92
• Enterprise Value/Revenue: 0.74
• Enterprise Value/Gross Profit: 2.91
• Enterprise Value/Ebitda: 5.11
• 1Y Price Target: $144.00
• Price Target Upside: -0.52% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 78 Outperform
• Price Target: $138.00 ▼(-4.66% Downside)

M/I Homes' overall stock score is primarily driven by its strong financial performance and attractive valuation, suggesting potential for long-term growth. While technical indicators show short-term bullish momentum, caution is warranted due to near-overbought conditions. Mixed results from the earnings call reflect both achievements and challenges, but the company's solid financial foundation supports a positive outlook.

M/I Homes Business Overview & Revenue Model

Company Description

M/I Homes (MHO) is a leading builder of single-family homes in the United States, primarily focused on the residential construction sector. Established in 1976, the company operates in several key markets across the country, including major metropolitan areas. M/I Homes offers a variety of home designs and floor plans, catering to diverse customer needs, from first-time homebuyers to move-up and luxury buyers. The company is known for its commitment to quality construction and energy-efficient homes, which are built under the brand name 'M/I Homes.'

How the Company Makes Money

M/I Homes generates revenue primarily through the sale of newly constructed homes. Its revenue model is based on building and selling homes in various communities, with homes typically sold at a markup over construction costs. Key revenue streams include home sales, where the company earns margins on the homes sold, and additional income from options and upgrades that buyers select during the home buying process. The company also benefits from strategic partnerships with suppliers and subcontractors, which help manage costs and ensure quality. Additionally, M/I Homes may recognize revenue from the sale of land and lots, which further contributes to its overall earnings. The timing of home sales, housing market conditions, and interest rates also significantly impact the company's financial performance.

M/I Homes Financial Statement Overview

Summary

M/I Homes demonstrates strong financial performance with stable profitability, effective leverage management, and healthy cash flow generation. The company shows strong profitability with consistent margins and effective cost management. The slight slowdown in revenue growth and cash flow volatility posed potential risks, but overall financial health remains robust.

Income Statement

M/I Homes shows strong profitability with a consistent gross profit margin and net profit margin over recent years. The company has maintained stable revenue growth, with a slight decrease in the latest TTM compared to the previous annual report. The EBIT and EBITDA margins are robust, indicating effective cost management and operational efficiency.

Balance Sheet

The company's balance sheet reflects a solid equity base with a low debt-to-equity ratio, suggesting prudent leverage management. The return on equity remains strong, illustrating the company's effective use of equity to generate profits. The equity ratio is favorable, indicating good financial stability and asset management.

Cash Flow

Operating cash flow relative to net income is healthy, indicating effective conversion of profits into cash. Free cash flow has shown significant growth, particularly in the TTM period. However, fluctuations in operating cash flow and past negative free cash flow years indicate potential volatility.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.50B	4.03B	4.13B	3.75B	3.05B
Gross Profit	1.20B	1.02B	1.04B	908.91M	676.34M
EBITDA	749.06M	601.72M	652.06M	532.63M	339.83M
Net Income	563.73M	465.37M	490.66M	396.87M	239.87M
Balance Sheet
Total Assets	4.55B	4.02B	3.71B	3.24B	2.64B
Cash, Cash Equivalents and Short-Term Investments	821.57M	732.80M	311.54M	236.37M	260.81M
Total Debt	1.04B	917.15M	999.52M	1.01B	924.35M
Total Liabilities	1.61B	1.51B	1.64B	1.62B	1.38B
Stockholders Equity	2.94B	2.52B	2.07B	1.62B	1.26B
Cash Flow
Free Cash Flow	171.32M	546.36M	174.74M	-42.12M	156.66M
Operating Cash Flow	179.74M	552.13M	184.07M	-16.82M	168.33M
Investing Cash Flow	-54.90M	-18.63M	-27.38M	-51.72M	-33.87M
Financing Cash Flow	-36.07M	-112.24M	-81.52M	44.10M	120.26M

M/I Homes Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 144.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MHO, the sentiment is Positive. The current price of 144.75 is above the 20-day moving average (MA) of 126.37, above the 50-day MA of 117.86, and above the 200-day MA of 125.57, indicating a bullish trend. The MACD of 6.14 indicates Negative momentum. The RSI at 75.38 is Negative, neither overbought nor oversold. The STOCH value of 92.87 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MHO.

M/I Homes Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TPH	79 Outperform	$3.07B	8.94	11.38%	―	-3.59%	-10.82%
MHO	78 Outperform	$3.61B	7.95	17.56%	―	7.39%	-1.37%
GRBK	78 Outperform	$2.92B	9.07	22.12%	―	13.87%	6.54%
CCS	73 Outperform	$1.87B	7.70	10.34%	1.68%	3.76%	-17.55%
KBH	67 Neutral	$4.17B	8.11	14.07%	1.59%	3.65%	-0.61%
LGIH	67 Neutral	$1.50B	9.81	7.84%	―	-7.89%	-19.53%
Sector *	61 Neutral	$17.22B	11.49	-5.97%	3.08%	1.37%	-15.54%

M/I Homes Corporate Events

M/I Homes Annual Shareholder Meeting Decisions

On May 14, 2025, M/I Homes held its Annual Meeting of Shareholders, where key decisions were made regarding the company’s leadership and financial oversight. Shareholders elected Nancy J. Kramer, Yvette McGee Brown, and Robert H. Schottenstein as directors to serve until 2028. Additionally, the shareholders approved the compensation of the company’s executive officers and ratified Deloitte & Touche LLP as the independent public accounting firm for the 2025 fiscal year.

The most recent analyst rating on (MHO) stock is a Buy with a $200.00 price target. To see the full list of analyst forecasts on M/I Homes stock, see the MHO Stock Forecast page.