M

  • Earnings Score
  • Moat Score
  • Market Cap $3.24B
  • PE 6
  • Debt -
  • Cash $821.57M
  • EV -
  • FCF $171.32M

Earnings

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Sales & Net Margins

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Earnings$563.73M
EBIT$706.09M
ROE19%
ROA16%
FCF$171.32M
Equity$2.94B
Growth Stability100%
PE5.76
PEG0.21
PB1.1
P/FCF18.94
P/S0.72
Price/Cash0.25
Net Margins13%
Gross Margins27%
Op. Margins16%
Earnings CAGR40%
Sales Growth YoY24%
Sales Growth QoQ5%
Sales CAGR14%
FCF CAGR14%
Equity CAGR20%
Earnings Stability0.96
Earnings Growth YoY27%
Earnings Growth QoQ-8%
Earnings CAGR 5Y28%
Sales CAGR 5Y11%
FCF CAGR 5Y14%
Equity CAGR 5Y25%
Earnings CAGR 3Y4%
Sales CAGR 3Y4%
FCF CAGR 3Y-28%
Equity CAGR 3Y22%
Market Cap$3.24B
Revenue$4.50B
Assets$4.55B
Cash$821.57M
Shares Outstanding27.78M
Earnings Score96%
Moat Score94%
Gross Profit$1.20B
Shares Growth 3y-0%
Equity Growth QoQ3%
Equity Growth YoY17%

Assets & ROA

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Stockholders Equity & ROE

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M/I Homes Inc is an American construction company that focuses on residential construction. It consists of two distinct operations: homebuilding and financial services. The homebuilding operations are spread into the Midwest, Mid-Atlantic and Southern regions and the financial services operations support homebuilding operations by providing mortgage loans and title services to the customers of homebuilding operations. The homebuilding operations comprise the most significant portion of the revenue. The company builds homes and communities that target entry-level, move-up, and luxury homebuyers.

SEC Filings

Direct access to M (MHO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2022
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does M compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of M compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 40%
Stability 96%
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M Discounted Cash Flow

Fully customizable DCF calculator online for M.

= $4.5B
012345678910TV
fcf$171M$195M$222M$253M$288M$328M$374M$426M$485M$552M$628M$6.3B
DCF$177M$184M$190M$197M$204M$211M$218M$226M$234M$242M$2.4B
Value$4.5B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Net Margins3%3%3%5%5%8%11%12%12%13%13%
ROA-7%7%8%9%12%16%17%15%16%16%
ROE-8%9%13%13%19%24%24%18%19%19%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Debt over FCF-----------
Debt over Equity-----------
Growth Stability---100%100%100%100%100%100%100%100%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024CAGR 5Y
Revenue YoY growth-19%16%17%9%22%23%10%-2%12%11%
Earnings YoY growth-10%28%63%19%88%65%24%-5%21%28%
Equity YoY growth-10%14%14%17%25%29%27%22%17%25%
FCF YoY growth--125%-391%-82%-669%156%-127%-515%213%-69%14%