M/I Homes (0A8X) Price & Analysis
0A8X Stock Chart & Stats
- Day’s Range
- $126.00 - $132.60
- 52-Week Range
- $113.00 - $164.09
- Previous Close
- $127.21
- Volume
- 2
- Average Volume (3M)
- 110
- Market Cap
- $3.21B
- Enterprise Value
- $3.88B
- Total Cash (Recent Filing)
- $620.60M
- Total Debt (Recent Filing)
- $979.32M
- Price to Earnings (P/E)
- 11.9
- Beta
- 0.50
- Next Earnings
- Feb 03, 2027
- EPS Estimate
- 2.62
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Strong Balance Sheet And Liquidity
The record equity base, substantial cash, and minimal net leverage provide meaningful resilience for a cyclical homebuilder. This financial capacity can support land investment, absorb demand volatility, and preserve strategic flexibility while weaker conditions persist without relying heavily on borrowings.
Large, Controlled Land Pipeline
A sizeable owned and optioned lot position gives M/I Homes visibility into future community production and supports sustained revenue capacity across its markets. The use of option contracts also provides access to land while allowing greater discipline around new commitments in uncertain conditions.
Growing Communities And Mortgage Capture
Higher mortgage capture strengthens the contribution from the company’s affiliated financial-services operation and helps retain economics connected to home closings. Combined with a growing community base, it supports broader customer reach and a more integrated revenue model over coming quarters.
Bears Say
Rate-sensitive Demand Remains Pressured
Higher mortgage rates are reducing affordability and weakening buyer demand, as reflected in deteriorating contracts during the quarter. If elevated financing costs persist, slower absorption could pressure closings, require continued incentives, and make community growth less productive.
Gross Margin Is Under Pressure
Rising rate-buydown and lot costs are compressing the profit earned on each home sold, reducing operating leverage even when volumes remain substantial. Persistent margin pressure would limit earnings conversion and could require tighter pricing, cost control, or more selective land investment.
Unsold Land Investment Is Increasing
The larger unsold land balance represents significant capital committed ahead of home sales, while demand is becoming less predictable. If absorption remains soft, this investment could take longer to convert into revenue and increase the importance of disciplined land and inventory management.
M/I Homes News
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M/I Homes Stock Smart Score
Company Description
M/I Homes
M/I Homes, Inc. (MHO), along with its affiliated companies, constructs single-family residences across a broad geographical area, including Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. Its operations are divided into three primary segments: Northern Homebuilding, Southern Homebuilding, and Financial Services. Under the M/I Homes brand, the company engages in the entire process of home development, from conceptual design and construction to marketing and sales. It caters to a diverse clientele, encompassing first-time purchasers, millennials, those upgrading their homes, empty-nesters, and luxury market consumers, offering both detached single-family houses and attached townhouses. Beyond building, M/I Homes acquires raw land, transforming it into ready-to-build lots. These developed parcels are then utilized for its own single-family home construction projects or sold to external parties. Furthermore, its financial services division facilitates homeownership by originating and selling mortgage loans. This segment also operates as a title insurance provider, offering policies, conducting examinations, and managing closing services for individuals buying M/I Homes properties. Originally established in Columbus, Ohio, in 1976, the company was initially named M/I Schottenstein Homes, Inc. It adopted its current name, M/I Homes, Inc., in January 2004.
- Sector
- Consumercyclical
- Industry
- Residential Construction
- CEO
- Robert H. Schottenstein
- Employees
- 1,801
- Website
- www.mihomes.com
- Address
- 4131 Worth Avenue, Columbus, OH, 43219-6011, US
M/I Homes (0A8X) Earnings & Revenues
0A8X Earnings Call
Earnings Call SentimentNeutral
The call reflected a challenging near-term operating environment, with higher mortgage rates, weaker September contracts, lower closings, revenue, margins, EBITDA, earnings per share, and mortgage profitability. These pressures were partially offset by a record balance sheet, substantial liquidity, a strong land position, high mortgage capture, solid buyer credit metrics, community growth, stable construction costs, and management's confidence in execution and long-term homebuilding fundamentals.
View all GB:0A8X earnings summaries0A8X Net sales Breakdown
- 59.89% Southern homebuilding
- 37.78% Northern homebuilding
- 2.33% Financial services
0A8X Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 9 | 6 | 7 |
| Technical Analysis | 3 | 6 | 1 |
| Moving Averages | 6 | 0 | 6 |