M/I Homes (MHO) AI Stock Analysis

• Market Cap: $3.09B
• Dividend Yield: N/A
• Average Volume (3M): 233.09K
• Price to Earnings (P/E): 6.1
• Beta (1Y): 1.17
• Revenue Growth: 8.68%
• EPS Growth: 8.39%
• Country: US
• Employees: 1,760
• Sector: Consumer Cyclical
• Sector Strength: 60
• Industry: Residential Construction
• EPS (TTM): 3.98
• Shares Outstanding: 26,783,787
• 10 Day Avg. Volume: 296,010
• 30 Day Avg. Volume: 233,089
• PEG Ratio: -1.29
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 23.86
• Enterprise Value/Market Cap: 0.99
• Enterprise Value/Revenue: 0.18
• Enterprise Value/Gross Profit: 2.62
• Enterprise Value/Ebitda: 1.10
• 1Y Price Target: $151.00
• Price Target Upside: 30.80% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 77 Outperform
• Price Target: $121.00 ▲(4.82%Upside)

M/I Homes demonstrates strong financial fundamentals and appears undervalued, which positively impacts its overall score. While technical indicators present mixed signals, the optimistic sentiment from the earnings call and solid financial performance support a favorable outlook. The absence of corporate events in this evaluation did not affect the overall score.

M/I Homes Business Overview & Revenue Model

Company Description

M/I Homes, Inc. is a leading national homebuilder engaged in the construction and sale of single-family homes. Founded in 1976 and headquartered in Columbus, Ohio, the company operates in multiple markets across the United States, including the Midwest, Mid-Atlantic, and Southern regions. M/I Homes offers a variety of home designs and communities, catering to a wide range of homebuyers, from first-time purchasers to those seeking luxury homes. The company is committed to quality construction, innovative design, and customer satisfaction.

How the Company Makes Money

M/I Homes generates revenue primarily through the construction and sale of residential homes. The company's key revenue stream comes from homebuilding operations where they acquire land, develop residential communities, and sell completed homes to individual buyers. M/I Homes also benefits from additional revenue through mortgage banking services, where they provide financing solutions to homebuyers through their subsidiary, M/I Financial, LLC. The company may engage in strategic partnerships with land developers and suppliers to optimize costs and enhance their product offerings, further contributing to their earnings.

M/I Homes Financial Statement Overview

Summary

M/I Homes demonstrates strong financial health with consistent revenue and profitability growth. The company has effectively managed leverage and maintained a solid equity position. However, there is room for improvement in operational cash efficiency as indicated by modest cash flow metrics.

Income Statement

M/I Homes demonstrates a strong financial position with a consistent increase in revenue from $3,046 million in 2020 to $4,434 million in TTM 2025. The Gross Profit Margin remains healthy at 26.3% in TTM 2025, showcasing efficient cost management. The Net Profit Margin is robust at 12.1%, reflecting strong profitability. Revenue growth has been steady, although there was a slight decline from 2024 to TTM 2025. EBIT and EBITDA margins are also strong, indicating operational efficiency.

Balance Sheet

The balance sheet shows a stable financial structure with a decreasing Debt-to-Equity Ratio from 0.79 in 2020 to 0.33 in TTM 2025, indicating reduced leverage. The Return on Equity is strong at 17.8% in TTM 2025, showing efficient use of equity capital. The Equity Ratio has improved, with Stockholders' Equity making up 65.6% of Total Assets, highlighting financial stability. However, the overall asset base growth is moderate.

Cash Flow

Cash flow analysis reveals a positive trend in Free Cash Flow, with a growth from $156 million in 2020 to $119 million in TTM 2025, though it decreased from 2024. The Operating Cash Flow to Net Income Ratio is modest at 0.24, indicating that cash generation from operations is relatively low compared to net income. The Free Cash Flow to Net Income Ratio is healthier at 0.22, suggesting effective cash utilization.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.43B	4.50B	4.03B	4.13B	3.75B	3.05B
Gross Profit	1.17B	1.20B	1.02B	1.04B	908.91M	676.34M
EBITDA	696.78M	749.06M	601.72M	652.06M	532.63M	339.83M
Net Income	536.90M	563.73M	465.37M	490.66M	396.87M	239.87M
Balance Sheet
Total Assets	4.59B	4.55B	4.02B	3.71B	3.24B	2.64B
Cash, Cash Equivalents and Short-Term Investments	776.38M	821.57M	732.80M	311.54M	236.37M	260.81M
Total Debt	982.26M	1.04B	917.15M	999.52M	1.01B	924.35M
Total Liabilities	1.58B	1.61B	1.51B	1.64B	1.62B	1.38B
Stockholders Equity	3.01B	2.94B	2.52B	2.07B	1.62B	1.26B
Cash Flow
Free Cash Flow	119.37M	171.32M	546.36M	174.74M	-42.12M	156.66M
Operating Cash Flow	128.85M	179.74M	552.13M	184.07M	-16.82M	168.33M
Investing Cash Flow	-40.72M	-54.90M	-18.63M	-27.38M	-51.72M	-33.87M
Financing Cash Flow	-181.92M	-36.07M	-112.24M	-81.52M	44.10M	120.26M

M/I Homes Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 115.44
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 115.44 is above the 20-day moving average (MA) of 110.32, above the 50-day MA of 109.14, and below the 200-day MA of 131.85, indicating a neutral trend. The MACD of 1.82 indicates Negative momentum. The RSI at 58.93 is Neutral, neither overbought nor oversold. The STOCH value of 73.46 is Neutral, 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	80 Outperform	$2.99B	7.34	13.28%	―	10.82%	19.34%
MHO	77 Outperform	$3.09B	6.10	19.02%	―	8.68%	8.39%
GRBK	77 Outperform	$2.85B	7.83	24.29%	―	21.22%	24.90%
KBH	68 Neutral	$3.88B	7.17	14.09%	1.85%	3.65%	-0.48%
CCS	68 Neutral	$1.82B	6.17	12.36%	1.94%	10.75%	8.31%
Sector *	67 Neutral	¥253.34B	13.18	6.44%	2.78%	5.06%	-11.83%
LGIH	63 Neutral	$1.27B	7.02	9.36%	―	-4.37%	-3.17%

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.