M/i Homes Intrinsic Value Calculation – M/I Homes Reports Record-Breaking Quarterly Results, Outperforming Expectations

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M/I ($NYSE:MHO) Homes, a leading homebuilder in the United States, recently reported record-breaking quarterly results, outperforming expectations. The company reported GAAP earnings per share of $3.64, which was an impressive $1.28 higher than predicted. Additionally, total revenue of $1 billion topped expectations by a significant $212.1 million. M/I Homes is a homebuilding company whose goal is to build communities that are designed for the way people live today. The company has a long history of building high-quality homes, providing exceptional customer service and creating vibrant communities that their customers and their families can call their own.

Price History

During the day, however, the stock price dropped by 2.2% closing at $64.0, down from the previous closing price of 65.4. Overall, these results signify a strong performance by M/I HOMES in the quarter that beat expectations. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for M/i Homes. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for M/i Homes. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for M/i Homes. More…

Key Ratios Snapshot

Some of the financial key ratios for M/i Homes are shown below. More…

Analysis – M/i Homes Intrinsic Value Calculation

At GoodWhale, we have conducted an analysis of M/I HOMES‘ fundamentals. The results of our analysis indicate that the intrinsic value of M/I HOMES share is around $59.8, which was calculated by our proprietary Valuation Line. Currently, M/I HOMES stock is being traded at $64.0, representing a fair price that is overvalued by 7.0%. More…

Peers

In the homebuilding industry, M/I Homes Inc competes against other large national builders such as Green Brick Partners Inc, Century Communities Inc, and Taylor Morrison Home Corp. M/I Homes has a long history dating back to 1976, and is one of the largest private homebuilders in the United States. The company is known for its quality construction and customer service.

– Green Brick Partners Inc ($NYSE:GRBK)

The company’s market cap is 937.35M as of 2022, a Return on Equity of 22.35%. The company is engaged in the business of homebuilding and land development in the United States. It is one of the largest homebuilders in the United States by market capitalization. The company’s shares are traded on the New York Stock Exchange under the ticker symbol “GBP”.

– Century Communities Inc ($NYSE:CCS)

Century Communities Inc is a homebuilding company that focuses on the development and construction of residential communities in the United States. As of 2022, the company has a market cap of 1.42 billion and a return on equity of 25.9%. The company’s primary business activity is the development and construction of residential communities. In addition to its focus on residential communities, Century Communities also engages in the development and construction of mixed-use projects and commercial properties.

– Taylor Morrison Home Corp ($NYSE:TMHC)

Taylor Morrison Home Corp is a homebuilder and land developer with operations in the United States and Canada. The company has a market cap of 2.81B as of 2022 and a return on equity of 18.1%. Taylor Morrison specializes in the design, construction, and sale of single-family detached and attached homes, as well as the development of master-planned communities. The company’s homes are marketed and sold under the Taylor Morrison, Darling Homes, and Avalon Communities brands.

Summary

M/I Homes reported strong earnings for their most recent quarter, surpassing analysts’ estimates by $1.28 in earnings per share (EPS) and $212.1M in revenue. Investors should take note of M/I Homes’ solid earnings performance and consider adding the company to their portfolio.