M/i Homes Stock Intrinsic Value – Principal Financial Group Increases Holdings in M/I Homes, to $7.75 Million
June 18, 2023
🌥️Trending News
Recently, Principal Financial Group Inc., one of the largest providers of retirement services in the world, has increased their holdings in M/I ($NYSE:MHO) Homes, Inc. to $7.75 Million. This is a great vote of confidence for M/I Homes, Inc. and will surely lead to further success for the company.
Market Price
To reflect this, the stock opened at $71.4 and closed at the same price on Tuesday. This is also a sign that the company is a solid investment opportunity for anyone looking for a stable investment with potential for growth. With this new investment, M/I Homes is confident in its ability to continue to meet its financial goals and provide investors with steady returns. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for M/i Homes. More…
| Total Revenues | Net Income | Net Margin |
| 4.27k | 501.89 | 12.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for M/i Homes. More…
| Operations | Investing | Financing |
| 366.24 | -25.54 | -16.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for M/i Homes. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.76k | 1.58k | 74.72 |
Key Ratios Snapshot
Some of the financial key ratios for M/i Homes are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.0% | 47.6% | 15.2% |
| FCF Margin | ROE | ROA |
| 8.4% | 19.6% | 10.8% |
Analysis – M/i Homes Stock Intrinsic Value
At GoodWhale, we have conducted an analysis of M/I HOMES‘ fundamentals to provide our clients with valuable insight. Through our proprietary Valuation Line, we have determined that the intrinsic value of M/I HOMES share is around $62.2. Currently, the stock is being traded at $71.4, which is a fair price that is overvalued by 14.8%. With this information, our clients can make an informed decision on whether or not to invest in the company. More…
Peers
In the homebuilding industry, M/I Homes Inc competes against other large national builders such as Green Brick Partners Inc, Century Communities Inc, and Taylor Morrison Home Corp. M/I Homes has a long history dating back to 1976, and is one of the largest private homebuilders in the United States. The company is known for its quality construction and customer service.
– Green Brick Partners Inc ($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
Principal Financial Group Inc. has recently announced a $7.75 million investment in M/I Homes, Inc, a homebuilder and real estate services provider. This news indicates that the company is being viewed favorably by investors due to its strong financial performance and its increasing presence in the housing market. Furthermore, the company’s stock price has been rising steadily over the past several months, indicating investors’ confidence in M/I Home’s future prospects. Investors should take note of this investment from Principal Financial Group Inc. as further evidence that M/I Homes is a solid long-term investment.
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