Why is M/I Homes, Inc. ?
1
High Management Efficiency with a high ROCE of 22.59%
2
Company has very low debt and has enough cash to service the debt requirements
3
Healthy long term growth as Net Sales has grown by an annual rate of 10.77% and Operating profit at 21.94%
4
Negative results in Jun 25
- OPERATING CASH FLOW(Y) Lowest at USD 139.11 MM
- ROCE(HY) Lowest at 17.56%
- RAW MATERIAL COST(Y) Grown by 12.93% (YoY)
5
With ROCE of 21.29%, it has a attractive valuation with a 0.99 Enterprise value to Capital Employed
- The stock is trading at a fair value compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -13.25%, its profits have risen by 7.3% ; the PEG ratio of the company is 0.6
6
Underperformed the market in the last 1 year
- Even though the market (S&P 500) has generated returns of 14.11% in the last 1 year, the stock has hugely underperformed and has generate negative returns of -13.25% returns
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Furniture, Home Furnishing)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is M/I Homes, Inc. for you?
Medium Risk, Medium Return
Absolute
Risk Adjusted
Volatility
M/I Homes, Inc.
42.59%
0.26
36.70%
S&P 500
25.41%
0.70
20.15%
Quality key factors
Factor
Value
Sales Growth (5y)
7.66%
EBIT Growth (5y)
8.54%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0.71
Net Debt to Equity (avg)
0.05
Sales to Capital Employed (avg)
1.14
Tax Ratio
23.24%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
100.00%
ROCE (avg)
22.59%
ROE (avg)
21.32%
Valuation Key Factors 
Factor
Value
P/E Ratio
8
Industry P/E
Price to Book Value
1.00
EV to EBIT
7.02
EV to EBITDA
6.79
EV to Capital Employed
1.00
EV to Sales
0.79
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
14.29%
ROE (Latest)
12.48%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
No Trend
Mildly Bearish
OBV
No Trend
Mildly Bullish
Technical Movement
0What is working for the Company
NO KEY POSITIVE TRIGGERS
-18What is not working for the Company
ROCE(HY)
Lowest at 11.6%
PRE-TAX PROFIT(Q)
At USD 87.3 MM has Fallen at -32.38%
NET PROFIT(Q)
At USD 66.41 MM has Fallen at -32.78%
RAW MATERIAL COST(Y)
Grown by 15.55% (YoY
INVENTORY TURNOVER RATIO(HY)
Lowest at 1.03 times
NET SALES(Q)
Lowest at USD 918.84 MM
Here's what is working for M/I Homes, Inc.
Depreciation
Highest at USD 4.41 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (USD MM)
Here's what is not working for M/I Homes, Inc.
Net Sales
At USD 918.84 MM has Fallen at -16.61%
over average net sales of the previous four periods of USD 1,101.91 MMMOJO Watch
Near term sales trend is very negative
Net Sales (USD MM)
Pre-Tax Profit
At USD 87.3 MM has Fallen at -32.38%
over average net sales of the previous four periods of USD 129.11 MMMOJO Watch
Near term Pre-Tax Profit trend is very negative
Pre-Tax Profit (USD MM)
Net Profit
At USD 66.41 MM has Fallen at -32.78%
over average net sales of the previous four periods of USD 98.8 MMMOJO Watch
Near term Net Profit trend is very negative
Net Profit (USD MM)
Net Sales
Lowest at USD 918.84 MM
in the last five periodsMOJO Watch
Near term sales trend is negative
Net Sales (USD MM)
Inventory Turnover Ratio
Lowest at 1.03 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Raw Material Cost
Grown by 15.55% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales






