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M/I Homes Inc (MHO)

Upturn stock ratingUpturn stock rating
$147.26
Last Close (24-hour delay)
Profit since last BUY24.71%
upturn advisory
Consider higher Upturn Star rating
BUY since 42 days
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Time period over
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Upturn Advisory Summary

08/29/2025: MHO (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

3 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $162

1 Year Target Price $162

Analysts Price Target For last 52 week
$162 Target price
52w Low $100.22
Current$147.26
52w High $176.18

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 stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 5.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/29/2025

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

ai summary icon Upturn AI SWOT

M/I Homes Inc

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 1760

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.