M/I Homes, Inc.

M/I Homes, Inc.

MHOยทNYSE

$135.93

-0.42%
Consumer CyclicalResidential Construction

M/I 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. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments. It designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers under the M/I Homes brand name. The company also purchases undeveloped land to develop into developed lots for the construction of single-family homes, as well as for sale to others. In addition, 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 formerly known as M/I Schottenstein Homes, Inc. and changed its name to M/I Homes, Inc. in January 2004. M/I Homes, Inc. was founded in 1976 and is based in Columbus, Ohio.

At a Glance

Live Snapshot
Market Cap$3.50B
EPS15.0700
P/E Ratio9.02
Earnings Date07/22/2026
M/I Homes, Inc.

M/I Homes, Inc. Fair Value Envelope

MHO ยท NYSE

Our analysis suggests that MHO has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $135.93, this represents a potential HIDDEN relative to our calculated worth for M/I Homes, Inc..

Intrinsic Value
Current Price: $135.93

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$268.3M
+ Cash & Equivalents$689.2M
Firm Value$957.5M
- Debt$1.1B
Equity Value-$129.0M
/ Shares Outstanding26,148,621B
DCF Value-$5
OVERVALUED BY 104%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$91.9M
$64.7M
$45.6M
$32.2M
$22.7M
$16.0M
$11.3M
$7.9M
$5.6M
$3.9M
Maintenance CapEx
-$1.4M
-$954.5K
-$672.6K
-$474.0K
-$334.1K
-$235.4K
-$165.9K
-$116.9K
-$82.4K
-$58.1K
Owner Earnings
$90.5M
$63.8M
$44.9M
$31.7M
$22.3M
$15.7M
$11.1M
$7.8M
$5.5M
$3.9M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$83.8M
$54.7M
$35.7M
$23.3M
$15.2M
$9.9M
$6.5M
$4.2M
$2.8M
$1.8M
Terminal Value represents 11.4% of Enterprise Value