MHO - Intrinsic Value and Financial Analysis - M/I Homes, Inc.

M/I Homes, Inc. MHO

Consumer Cyclical - Residential Construction - NYSE - US

Watchlist

$ 155.47

0.387 %

$ 4.23 B

Market Cap

8.28

P/E

BALANCE SHEET

4.02 B ASSETS

Growth Rates

1Year 8.28%

3Years 15.03%

5Years 14.75%

7Years 14.61%

10Years 13.74%

1.51 B LIABILITIES

Growth Rates

1Year -8.44%

3Years 2.84%

5Years 5.24%

7Years 7.72%

10Years 9.32%

2.52 B EQUITY

Growth Rates

1Year 21.55%

3Years 25.98%

5Years 24.09%

7Years 21.23%

10Years 17.71%

BALANCE SHEET DECOMPOSITION

Balance Sheet Decomposition M/I Homes, Inc.

4.02 B ASSETS
1.51 B LIABILITIES

Current Assets	3.71 B
Cash & Short-Term Investments	733 M
Receivables	-19.1 M
Other Current Assets	2.99 B
Non-Current Assets	338 M
Long-Term Investments	114 M
PP&E	91.3 M
Other Non-Current Assets	133 M

Current Liabilities	205 M
Accounts Payable	205 M
Short-Term Debt	10.9 M
Other Current Liabilities	-10.9 M
Non-Current Liabilities	1.3 B
Long-Term Debt	740 M
Other Non-Current Liabilities	560 M

Balance Sheet

Millions

	Dec-2023	Dec-2022	Dec-2021	Dec-2020	Dec-2019	Dec-2018	Dec-2017	Dec-2016	Dec-2015	Dec-2014	Dec-2013	Dec-2012	Dec-2011	Dec-2010	Dec-2009	Dec-2008	Dec-2007	Dec-2006	Dec-2005	Dec-2004	Dec-2003	Dec-2002	Dec-2001	Dec-2000	Dec-1999	Dec-1998	Dec-1997	Dec-1996	Dec-1995	Dec-1994	Dec-1993
ASSETS
Cash & Cash Equivalents	732.8	311.5	236.4	260.8	6.1	21.5	151.7	34.4	13.1	22.5	142.6	154.2	101.1	81.2	132.2	32.5	1.5	11.5	25.1	2.8	3.2	1.0	10.0	8.6	5.7	10.1	10.8	6.8	8.1	14.1	10.6
Short Term Investments	3.6	51.6	0	1.7	0.7	1.0	0.3	0.2	0	0.3	0	1 K	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Receivables	(19.1)	(18.3)	(15.6)	(15.9)	(13.8)	(8.6)	(9.0)	(11.2)	(6.0)	0	0	47 K	57.3	43.3	35.0	37.8	54.1	59.0	0	0	0	56.2	55.0	50.0	40.0	42.4	43.8	34.4	23.6	17.3	21.2
Inventory	2 797.2	2 828.6	2 452.4	1 916.6	1 769.5	1 674.5	1 414.6	1 215.9	1 112.0	918.6	690.9	556.8	466.8	450.9	420.3	516.0	797.3	1 184.4	1 076.1	798.5	591.6	451.2	479.2	449.4	432.7	323.5	271.3	238.9	228.3	228.3	177.6
Other Current Assets	195.5	260.8	291.2	250.2	169.1	178.3	180.6	165.2	133.0	99.7	95.7	79.8	0	41.9	0	46.1	21.2	58.3	99.2	0	75.5	0.4	0.6	1.7	0.8	0.8	2.5	0	0	0	0
Total Current Assets	3 706.3	3 382.7	2 964.5	2 411.7	1 930.8	1 865.6	1 737.9	1 404.4	1 252.1	1 033.9	915.4	782.1	625.2	617.4	587.5	632.4	927.9	1 313.2	1 200.5	890.9	670.3	508.7	544.8	509.7	479.2	376.8	328.4	280.1	260.0	259.7	209.4
PP&E	91.3	97.9	88.6	78.9	40.5	29.4	26.8	22.3	12.9	11.5	10.5	10.4	14.4	16.6	19.0	27.7	35.7	36.3	34.5	33.3	34.2	20.8	22.3	18.2	19.4	20.0	8.6	1.6	2.4	3.3	2.6
Intangible Assets	10.7	15.8	8.4	9.2	9.6	6.5	7.8	11.4	7.5	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Goodwill	16.4	16.4	16.4	16.4	16.4	16.4	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	114.0	51.6	57.1	34.7	37.9	35.9	20.5	28.0	37.0	27.8	35.3	11.7	10.4	10.6	10.3	13.1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Long Term Assets	67.7	148.4	103.0	95.2	70.3	60.8	53.3	51.5	38.6	43.9	38.1	27.0	14.6	17.4	47.0	20.0	86.2	127.7	94.7	54.3	42.3	48.9	45.0	39.8	33.0	30.3	29.0	23.7	18.7	14.6	16.0
Other Assets	(22.1)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	4 022.4	3 714.9	3 239.9	2 643.0	2 105.6	2 021.6	1 864.8	1 548.5	1 415.6	1 211.4	1 110.2	831.3	664.5	661.9	663.8	693.3	1 117.6	1 477.1	1 329.7	978.5	746.9	578.5	612.1	567.6	531.6	427.1	366.0	305.4	281.1	277.6	228.0
LIABILITIES
Accounts Payable	204.7	228.6	244.5	185.7	125.0	131.5	117.2	103.2	86.9	75.3	70.2	47.7	41.3	29.0	38.3	27.5	66.2	81.2	73.7	50.4	55.1	58.2	55.7	67.3	63.2	51.4	42.8	32.0	29.2	31.4	24.8
Short Term Debt	10.9	0	266.2	0	0	0	0	0	0	0	80.0	0	146.7	0	229.7	0	0	0	0	317.4	179.6	91.5	194.2	26.7	15.4	23.5	30.0	23.3	15.5	15.0	102.4
Other Current Liabilities	(10.9)	0	(266.2)	0	0	0	0	0	0	0	(80.0)	0	146.6	(3.0)	(229.7)	0	0	0	0	(316.7)	(179.6)	89.1	(111.9)	62.2	55.7	53.8	43.8	35.7	25.4	19.3	21.7
Total Current Liabilities	204.7	228.6	244.5	185.7	125.0	131.5	117.2	103.2	86.9	75.3	70.2	47.7	338.7	74.2	98.5	93.1	141.2	189.9	211.6	490.9	344.5	238.7	138.0	156.2	134.3	128.7	116.6	91.0	70.1	65.7	148.9
Long Term Debt	740.4	999.5	747.3	924.4	773.2	0	86.1	57.1	56.5	57.5	57.5	57.5	150.8	284.2	8.2	215.8	361.0	645.5	511.6	0	0	0	194.2	182.5	196.7	131.8	134.0	102.0	111.5	122.3	0
Deferred Tax Income	0	23.5	(107.9)	(72.6)	(34.5)	(32.1)	(26.4)	(22.2)	(19.6)	(11.8)	(11.3)	(10.2)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities	560.4	57.6	623.9	201.7	169.4	1 034.8	914.1	734.0	675.6	534.3	489.6	390.7	(98.3)	0	290.6	116.9	109.0	133.3	79.0	385.0	0	0	0	0	100 K	0	100 K	100 K	0	0	0
Total Liabilities	1 505.5	1 644.2	1 615.7	1 384.3	1 102.1	1 166.3	1 117.5	894.3	819.0	667.1	617.4	495.9	391.1	358.4	337.1	360.2	536.3	860.0	737.1	490.9	344.5	238.7	332.2	338.8	331.1	260.5	250.5	193.1	181.6	188.0	148.9
EQUITY
Common Stock	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	88 K	88 K	100 K	0	0	0	0	0	0
Retained Earnings	2 301.3	1 836.0	1 345.3	948.5	708.6	581.0	473.3	407.2	355.4	308.5	262.6	117.0	103.7	137.6	163.8	226.0	477.3	614.2	576.7	477.4	387.2	307.0	242.0	188.2	145.3	105.5	79.1	61.7	48.8	39.0	28.4
Other Accumulative Comprehensive Income/Loss	0	0	0	0	0	(22.4)	(25.5)	(25.5)	(24.7)	(24.8)	(24.0)	(24.0)	(24.4)	(21.6)	(17.8)	(15.6)	(16.8)	(14.2)	(11.3)	(9.2)	(7.6)	(7.8)	(7.5)	(7.4)	(5.7)	(5.0)	(4.3)	(6.7)	(6.1)	(5.7)	(4.8)
Total Equity	2 516.9	2 070.7	1 624.2	1 258.7	1 003.5	855.3	747.3	654.2	596.6	544.3	492.8	335.4	273.4	303.5	326.8	333.1	581.3	617.1	592.6	487.6	402.4	339.7	279.9	228.9	200.5	166.6	115.5	112.3	99.5	89.6	79.1
Total Liabilities and Equity	4 022.4	3 714.9	3 239.9	2 643.0	2 105.6	2 021.6	1 864.8	1 548.5	1 415.6	1 211.4	1 110.2	831.3	664.5	661.9	663.8	693.3	1 117.6	1 477.1	1 329.7	978.5	746.9	578.5	612.1	567.6	531.6	427.1	366.0	305.4	281.1	277.6	228.0
SHARES OUTSTANDING
Common Shares Outstanding	27.8	27.9	29.1	28.6	27.8	28.2	25.8	24.7	24.6	24.5	23.8	19.7	18.7	18.5	16.7	14.0	14.0	14.0	14.3	14.1	14.4	15.1	30.2	15.8	17.5	16.8	16.2	17.6	17.6	17.6	22.0

Balance Sheet

Premium Plan

Unlimited Plan