MI Homes Financials

MHO Stock  USD 160.32  4.13  2.64%   
Based on the key indicators related to MI Homes' liquidity, profitability, solvency, and operating efficiency, MI Homes is performing exceptionally good at this time. It has a great probability to report excellent financial results in December. At this time, MI Homes' Cash is very stable compared to the past year. As of the 22nd of November 2024, Non Current Assets Total is likely to grow to about 355.2 M, while Short and Long Term Debt Total is likely to drop about 494.5 M. Key indicators impacting MI Homes' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.260.2756
Notably Down
Pretty Stable
Current Ratio19.0118.1079
Sufficiently Up
Slightly volatile
The financial analysis of MI Homes is a critical element in measuring its lifeblood. Investors should not minimize MI Homes' ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Cash And Equivalents

376.19 Million

  
Understanding current and past MI Homes Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of MI Homes' financial statements are interrelated, with each one affecting the others. For example, an increase in MI Homes' assets may result in an increase in income on the income statement.

MI Homes Stock Summary

MI Homes competes with TRI Pointe, Beazer Homes, Century Communities, Meritage, and Taylor Morn. MI Homes, Inc., together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. MI Homes, Inc. was founded in 1976 and is based in Columbus, Ohio. MI Homes operates under Residential Construction classification in the United States and is traded on New York Stock Exchange. It employs 1657 people.
Specialization
Consumer Discretionary, Consumer Durables & Apparel
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS55305B1017
CUSIP55305B101
LocationOhio; U.S.A
Business Address4131 Worth Avenue,
SectorHousehold Durables
IndustryConsumer Discretionary
BenchmarkDow Jones Industrial
Websitewww.mihomes.com
Phone614 418 8000
CurrencyUSD - US Dollar

MI Homes Key Financial Ratios

MI Homes Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets2.1B2.6B3.2B3.7B4.0B4.2B
Other Current Liab(176.8M)(483.9M)(374.0M)(400.2M)74.3M78.0M
Net Debt767.1M663.5M777.1M688.0M184.4M175.1M
Retained Earnings708.6M948.5M1.3B1.8B2.3B2.4B
Accounts Payable125.0M185.7M244.5M228.6M204.7M214.9M
Cash6.1M260.8M236.4M311.5M732.8M769.4M
Net Receivables(654.0K)(15.9M)1.0(787K)(19.1M)(18.2M)
Inventory1.8B1.9B2.5B2.8B2.8B2.9B
Total Liab1.1B1.4B1.6B1.6B1.5B1.6B
Total Current Assets1.9B2.4B3.0B3.4B3.7B3.9B
Short Term Debt142.4M225.6M266.2M307.1M10.9M10.3M
Other Current Assets155.2M250.2M275.7M242.5M195.5M100.2M
Other Liab134.0M274.3M357.7M303.3M348.8M366.3M
Other Assets39.8M101.4M285.9M2.1B(22.1M)(21.0M)
Long Term Debt142.7M229.7M962.0M938.2M859.6M902.6M
Treasury Stock(38.3M)(29.1M)(68.9M)(118.2M)(106.4M)(101.1M)
Intangible Assets9.6M9.2M8.4M15.8M10.7M7.4M

MI Homes Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense21.4M9.7M2.2M2.3M35.8M37.6M
Total Revenue2.5B3.0B3.7B4.1B4.0B4.2B
Gross Profit489.4M676.3M908.9M1.0B1.0B1.1B
Operating Income187.1M319.3M518.3M637.5M587.2M616.6M
Ebit187.1M324.8M518.3M637.5M576.9M605.7M
Ebitda187.4M339.8M532.6M652.1M591.4M620.9M
Cost Of Revenue2.0B2.4B2.8B3.1B3.0B3.2B
Income Before Tax166.0M310.0M509.1M635.2M607.3M637.6M
Net Income127.6M239.9M396.9M490.7M465.4M488.6M
Income Tax Expense38.4M70.2M112.2M144.5M141.9M149.0M
Non Recurring7.5M5.0M8.4M18.4M21.1M22.2M
Tax Provision38.4M70.2M112.2M144.5M143.0M80.7M
Interest Income21.1M9.2M110K2.2M2.0M1.9M
Net Interest Income(21.4M)(9.7M)(2.2M)(2.3M)11.7M12.3M

MI Homes Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory(88.4M)(134.9M)(508.2M)(348.7M)46.7M49.1M
Change In Cash(15.4M)254.7M(24.4M)75.2M421.3M442.3M
Free Cash Flow61.1M156.7M(42.1M)174.7M546.4M573.7M
Depreciation13.2M15.1M14.3M14.6M14.5M15.2M
Other Non Cash Items16.7M(73.7M)(56.1M)45.5M72.5M76.2M
Dividends Paid19.6M9.9M11.2M33.8M38.9M31.1M
Capital Expenditures4.5M11.7M25.3M9.3M5.8M5.7M
Net Income127.6M239.9M396.9M490.7M465.4M488.6M
End Period Cash Flow6.1M260.8M236.4M311.5M732.8M769.4M
Investments(29.4M)(26.1M)(51.7M)(27.4M)(22.4M)(23.5M)
Net Borrowings(68.0M)112.3M84.4M(27.5M)(24.8M)(23.6M)
Change To Netincome26.1M(59.3M)(42.6M)52.9M60.8M63.9M

MHO Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining MI Homes's current stock value. Our valuation model uses many indicators to compare MI Homes value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across MI Homes competition to find correlations between indicators driving MI Homes's intrinsic value. More Info.
MI Homes is regarded second in return on equity category among its peers. It is considered to be number one stock in return on asset category among its peers reporting about  0.48  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for MI Homes is roughly  2.09 . At this time, MI Homes' Return On Equity is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the MI Homes' earnings, one of the primary drivers of an investment's value.

MI Homes Systematic Risk

MI Homes' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. MI Homes volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on MI Homes correlated with the market. If Beta is less than 0 MI Homes generally moves in the opposite direction as compared to the market. If MI Homes Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one MI Homes is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of MI Homes is generally in the same direction as the market. If Beta > 1 MI Homes moves generally in the same direction as, but more than the movement of the benchmark.

MI Homes Thematic Clasifications

MI Homes is part of several thematic ideas from Furniture to Construction. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in MI Homes Stock are looking for potential investment opportunities by analyzing not only static indicators but also various MI Homes' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of MI Homes growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(1.64)

At this time, MI Homes' Price Earnings To Growth Ratio is very stable compared to the past year.

MI Homes November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of MI Homes help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of MI Homes. We use our internally-developed statistical techniques to arrive at the intrinsic value of MI Homes based on widely used predictive technical indicators. In general, we focus on analyzing MHO Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build MI Homes's daily price indicators and compare them against related drivers.
When determining whether MI Homes offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MI Homes' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mi Homes Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mi Homes Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MI Homes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
To learn how to invest in MHO Stock, please use our How to Invest in MI Homes guide.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Household Durables space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MI Homes. If investors know MHO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MI Homes listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.058
Earnings Share
18.62
Revenue Per Share
153.475
Quarterly Revenue Growth
0.092
Return On Assets
0.0973
The market value of MI Homes is measured differently than its book value, which is the value of MHO that is recorded on the company's balance sheet. Investors also form their own opinion of MI Homes' value that differs from its market value or its book value, called intrinsic value, which is MI Homes' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MI Homes' market value can be influenced by many factors that don't directly affect MI Homes' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MI Homes' value and its price as these two are different measures arrived at by different means. Investors typically determine if MI Homes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MI Homes' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.