M/I Homes Inc.
Find Ratings ReportsM/I HOMES INC's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector.
During the same period, stockholders' equity ("net worth") has increased by 21.54% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 972.59 | 1217.0 |
EBITDA ($mil) | 133.51 | 168.1 |
EBIT ($mil) | 129.85 | 164.39 |
Net Income ($mil) | 105.28 | 130.4 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 732.8 | 311.54 |
Total Assets ($mil) | 4022.44 | 3714.92 |
Total Debt ($mil) | 917.15 | 999.52 |
Equity ($mil) | 2516.94 | 2070.73 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 25.5 | 22.86 |
EBITDA Margin | 13.72 | 13.81 |
Operating Margin | 13.35 | 13.51 |
Sales Turnover | 1.0 | 1.11 |
Return on Assets | 11.56 | 13.2 |
Return on Equity | 18.49 | 23.7 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.27 | 0.33 |
Interest Expense | 0.81 | 9.24 |
Interest Coverage | 160.3 | 17.79 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 27.76 | 27.44 |
Div / share | 0.0 | 0.0 |
EPS | 3.66 | 4.65 |
Book value / share | 90.66 | 75.46 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 304417.0 | 286411.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 10.71 for the Construction of Buildings subsector and a significant discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 1.35 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 2.28. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, M/I HOMES INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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MHO 7.56 | Peers 10.71 | MHO 6.17 | Peers 13.81 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. MHO is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. MHO is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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MHO 7.07 | Peers 7.97 | MHO 9.11 | Peers 2.42 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. MHO is trading at a valuation on par with its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. MHO trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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MHO 1.35 | Peers 2.28 | MHO -5.97 | Peers -9.42 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. MHO is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. MHO is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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MHO 0.84 | Peers 1.33 | MHO -2.37 | Peers 0.52 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. MHO is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. MHO significantly trails its peers on the basis of sales growth. |
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