M/I Homes Current Valuation vs. EBITDA
| 4MI Stock | EUR 154.75 0.40 0.26% |
For M/I Homes profitability analysis, we use financial ratios and fundamental drivers that measure the ability of M/I Homes to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well MI Homes utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between M/I Homes's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of MI Homes over time as well as its relative position and ranking within its peers.
M/I |
M/I Homes EBITDA vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining M/I Homes's current stock value. Our valuation model uses many indicators to compare M/I Homes value to that of its competitors to determine the firm's financial worth. MI Homes is the top company in current valuation category among its peers. It also is number one stock in ebitda category among its peers totaling about 0.33 of EBITDA per Current Valuation. The ratio of Current Valuation to EBITDA for MI Homes is roughly 3.03 . 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 M/I Homes' earnings, one of the primary drivers of an investment's value.M/I Current Valuation vs. Competition
MI Homes is the top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Household Durables industry is presently estimated at about 327.42 Billion. M/I Homes maintains roughly 1.98 Billion in current valuation contributing less than 1% to equities under Household Durables industry.
M/I EBITDA vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
M/I Homes |
| = | 1.98 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
M/I Homes |
| = | 652.06 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
M/I EBITDA Comparison
MI Homes is currently under evaluation in ebitda category among its peers.
M/I Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on M/I Homes. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of M/I Homes position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the M/I Homes' important profitability drivers and their relationship over time.
Use M/I Homes in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if M/I Homes position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in M/I Homes will appreciate offsetting losses from the drop in the long position's value.M/I Homes Pair Trading
MI Homes Pair Trading Analysis
The ability to find closely correlated positions to M/I Homes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace M/I Homes when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back M/I Homes - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MI Homes to buy it.
The correlation of M/I Homes is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as M/I Homes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if M/I Homes moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for M/I Homes can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your M/I Homes position
In addition to having M/I Homes in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Alternative Currency ETFs Thematic Idea Now
Alternative Currency ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Alternative Currency ETFs theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Alternative Currency ETFs Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in M/I Stock
When determining whether M/I Homes offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of M/I 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 Trending Equities. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
To fully project M/I Homes' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of M/I Homes at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include M/I Homes' income statement, its balance sheet, and the statement of cash flows.