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M/I Homes Inc (MHO)



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Upturn Advisory Summary
08/29/2025: MHO (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $162
1 Year Target Price $162
3 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 113.51% | Avg. Invested days 52 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.89B USD | Price to earnings Ratio 8.08 | 1Y Target Price 162 |
Price to earnings Ratio 8.08 | 1Y Target Price 162 | ||
Volume (30-day avg) 3 | Beta 1.6 | 52 Weeks Range 100.22 - 176.18 | Updated Date 08/30/2025 |
52 Weeks Range 100.22 - 176.18 | Updated Date 08/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 18.22 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 11.4% | Operating Margin (TTM) 13.13% |
Management Effectiveness
Return on Assets (TTM) 8.67% | Return on Equity (TTM) 17.56% |
Valuation
Trailing PE 8.08 | Forward PE 10.55 | Enterprise Value 4115481807 | Price to Sales(TTM) 0.87 |
Enterprise Value 4115481807 | Price to Sales(TTM) 0.87 | ||
Enterprise Value to Revenue 0.92 | Enterprise Value to EBITDA 6.25 | Shares Outstanding 26390700 | Shares Floating 25735428 |
Shares Outstanding 26390700 | Shares Floating 25735428 | ||
Percent Insiders 2.4 | Percent Institutions 98.28 |
Upturn AI SWOT
M/I Homes Inc

Company Overview
History and Background
M/I Homes Inc. was founded in 1976 by Irving and Melvin Schottenstein. Initially focusing on the Columbus, Ohio market, the company expanded into multiple states, building a reputation for quality homes and customer service. It went public in 1993.
Core Business Areas
- Homebuilding: The primary business segment, focusing on the construction and sale of single-family homes in various markets across the United States, catering to first-time homebuyers, move-up buyers, and empty-nesters.
- Financial Services: Provides mortgage services, title insurance, and other financial products to M/I Homes' homebuyers through its subsidiary, M/I Financial Corp.
Leadership and Structure
Robert H Schottenstein serves as the CEO. The company operates with a decentralized structure, with regional divisions responsible for day-to-day operations.
Top Products and Market Share
Key Offerings
- Single-Family Homes: M/I Homes primarily builds and sells single-family homes, ranging from entry-level to luxury models. Market share fluctuates regionally, but they are a significant player in their active markets. Competitors include D.R. Horton, Lennar, and PulteGroup. Revenue from Single Family Home sales make up 95% of their total revenue.
- Mortgage Services: M/I Financial provides mortgage financing to homebuyers. They have captured around 40% of M/I Homes' customer's financing needs. Competitors include national mortgage lenders and local banks.
Market Dynamics
Industry Overview
The homebuilding industry is cyclical and impacted by economic conditions, interest rates, demographics, and consumer confidence. Demand is currently facing headwinds due to higher interest rates and inflation. Inventory remains limited in some markets.
Positioning
M/I Homes positions itself as a builder of high-quality homes with a focus on customer satisfaction. They compete primarily on location, design, and features. Their competitive advantage is their focus on their 'M/I Difference' which highlights quality construction and customer experience.
Total Addressable Market (TAM)
The total addressable market for new single-family homes in the U.S. is estimated to be in the hundreds of billions of dollars annually. M/I Homes captures a small but meaningful share of this TAM, primarily focusing on specific geographic regions.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Geographic diversification across attractive markets
- Solid financial performance and profitability
- Focus on quality construction and customer service
- Efficient land acquisition and development strategies
Weaknesses
- Cyclical nature of the homebuilding industry
- Reliance on external financing and interest rates
- Exposure to fluctuations in material and labor costs
- Limited geographic presence compared to national builders
Opportunities
- Expansion into new geographic markets
- Increased demand from millennials and first-time homebuyers
- Development of sustainable and energy-efficient homes
- Strategic acquisitions of smaller homebuilders
- Capitalizing on technology advancements in construction and sales
Threats
- Economic downturns and recessions
- Rising interest rates and mortgage costs
- Increased competition from larger homebuilders
- Supply chain disruptions and material shortages
- Changes in government regulations and zoning laws
Competitors and Market Share
Key Competitors
- DHI
- LEN
- PHM
- NVR
- TOL
Competitive Landscape
M/I Homes competes with both national and regional homebuilders. They differentiate themselves through quality construction, customer service, and geographic focus. Their strengths include a strong brand reputation and efficient land acquisition strategies. Weaknesses include reliance on the cyclical homebuilding industry and limited geographic presence compared to national builders.
Major Acquisitions
Pulte Homes Acquisition
- Year: 2009
- Acquisition Price (USD millions): 170
- Strategic Rationale: M/I Homes acquired certain assets and operations of Pulte Homes, enhancing its market presence and expanding its operations.
Growth Trajectory and Initiatives
Historical Growth: M/I Homes has experienced steady growth over the years, driven by expansion into new markets and increased home sales.
Future Projections: Analyst estimates for future growth vary depending on market conditions and company performance. Consult financial analysts' reports for specific projections.
Recent Initiatives: Recent initiatives may include land acquisitions, new community developments, and investments in technology.
Summary
M/I Homes is a well-established homebuilder with a strong regional presence and a focus on quality and customer service. The company's success is tied to the cyclical nature of the housing market, and it must navigate challenges such as rising interest rates and material costs. Expansion into new markets and a focus on sustainable building practices represent opportunities for growth. Overall, M/I Homes is a financially sound company in a competitive and dynamic industry.
Peer Comparison
Sources and Disclaimers
Data Sources:
- M/I Homes Inc. SEC Filings (10-K, 10-Q), Company Website, Investor Relations Materials, Industry Reports (e.g., NAHB, Census Bureau)
Disclaimers:
This analysis is based on publicly available information and analyst estimates. It is not financial advice and should not be considered a recommendation to buy or sell M/I Homes Inc. stock. Market conditions and company performance can change rapidly, and past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About M/I Homes Inc
Exchange NYSE | Headquaters Columbus, OH, United States | ||
IPO Launch date 1986-10-03 | Chairman, President & CEO Mr. Robert H. Schottenstein J.D. | ||
Sector Consumer Cyclical | Industry Residential Construction | Full time employees 1760 | Website https://www.mihomes.com |
Full time employees 1760 | Website https://www.mihomes.com |
M/I Homes, Inc., together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments. It also designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, multi-generational, and luxury homebuyers under the M/I Homes brand name. In addition, the company purchases undeveloped land to develop into developed lots for the construction of single-family homes, as well as for sale to others. Further, it originates and sells mortgages; and serves as a title insurance agent by providing title insurance policies, examination, and closing services to purchasers of its homes. The company was founded in 1976 and is based in Columbus, Ohio.

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