Company Quick10K Filing
MI Homes
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 28 $795
10-Q 2019-10-25 Quarter: 2019-09-30
10-Q 2019-07-26 Quarter: 2019-06-30
10-Q 2019-04-26 Quarter: 2019-03-31
10-K 2019-02-22 Annual: 2018-12-31
10-Q 2018-10-26 Quarter: 2018-09-30
10-Q 2018-07-27 Quarter: 2018-06-30
10-Q 2018-04-27 Quarter: 2018-03-31
10-K 2018-02-16 Annual: 2017-12-31
10-Q 2017-10-27 Quarter: 2017-09-30
10-Q 2017-07-28 Quarter: 2017-06-30
10-Q 2017-04-28 Quarter: 2017-03-31
10-K 2017-02-17 Annual: 2016-12-31
10-Q 2016-10-28 Quarter: 2016-09-30
10-Q 2016-07-29 Quarter: 2016-06-30
10-Q 2016-05-02 Quarter: 2016-03-31
10-K 2016-02-26 Annual: 2015-12-31
10-Q 2015-10-23 Quarter: 2015-09-30
10-Q 2015-07-24 Quarter: 2015-06-30
10-Q 2015-04-24 Quarter: 2015-03-31
10-K 2015-02-27 Annual: 2014-12-31
10-Q 2014-10-24 Quarter: 2014-09-30
10-Q 2014-07-25 Quarter: 2014-06-30
10-Q 2014-04-25 Quarter: 2014-03-31
10-K 2014-02-28 Annual: 2013-12-31
10-Q 2013-10-25 Quarter: 2013-09-30
10-Q 2013-07-26 Quarter: 2013-06-30
10-Q 2013-04-30 Quarter: 2013-03-31
10-K 2013-02-25 Annual: 2012-12-31
10-Q 2012-10-29 Quarter: 2012-09-30
10-Q 2012-08-03 Quarter: 2012-06-30
10-Q 2012-04-27 Quarter: 2012-03-31
10-K 2012-02-27 Annual: 2011-12-31
10-Q 2011-11-04 Quarter: 2011-09-30
10-Q 2011-08-02 Quarter: 2011-06-30
10-Q 2011-05-02 Quarter: 2011-03-31
10-K 2011-03-01 Annual: 2010-12-31
10-Q 2010-10-26 Quarter: 2010-09-30
10-Q 2010-07-30 Quarter: 2010-06-30
10-Q 2010-04-30 Quarter: 2010-03-31
10-K 2010-02-24 Annual: 2009-12-31
8-K 2020-01-07 Earnings, Regulation FD
8-K 2020-01-07 Other Events, Exhibits
8-K 2019-10-23
8-K 2019-07-24 Earnings, Exhibits
8-K 2019-06-21 Enter Agreement, Exhibits
8-K 2019-06-06 Amend Bylaw, Exhibits
8-K 2019-05-07 Shareholder Vote
8-K 2019-04-24 Earnings, Exhibits
8-K 2019-02-06 Officers, Exhibits
8-K 2019-02-05 Earnings, Exhibits
8-K 2018-10-24 Earnings, Exhibits
8-K 2018-08-14 Other Events, Exhibits
8-K 2018-07-25 Earnings, Exhibits
8-K 2018-06-22 Enter Agreement, Exhibits
8-K 2018-05-08 Officers, Shareholder Vote, Exhibits
8-K 2018-04-25 Earnings, Exhibits
8-K 2018-02-28 Other Events
8-K 2018-02-26 Regulation FD, Exhibits
8-K 2018-02-21 Suspend Trading, Exhibits
8-K 2018-02-15 Shareholder Rights, Exhibits
8-K 2018-02-01 Earnings, Exhibits

MI Homes Financials

MHO Metrics, Comps, Filings

Annual | Quarterly

Business

M/I Homes, Inc. and subsidiaries (the "Company," "we," "us" or "our") is one of the nation's leading builders of single-family homes. The Company was incorporated, through predecessor entities, in 1973 and commenced homebuilding activities in 1976. Since that time, the Company has sold over 111,400 homes.

The Company consists of two distinct operations: homebuilding and financial services. Our homebuilding operations are aggregated for reporting purposes into three reporting segments - the Midwest, Mid-Atlantic and Southern regions. Our financial services operations support our homebuilding operations by providing mortgage loans and title services to the customers of our homebuilding operations and are reported as an independent segment. Please see Note 15 to our Consolidated Financial Statements for additional information related to the financial and operating results for each of our reporting segments.

Our homebuilding operations comprise the most significant portion of our business, representing 98% of consolidated revenue in 2018 and 97% in 2017. We design, market, construct and sell single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester and luxury buyers. In addition to home sales, our homebuilding operations generate revenue from the sale of land and lots. We use the term "home" to refer to a single-family residence, whether it is a single-family home or other type of residential property, and we use the term "community" to refer to a single development in which we construct homes. We primarily construct homes in planned development communities and mixed-use communities. We are currently offering homes for sale in 209 communities within 16 markets located in ten states. Our average sales price of homes delivered during 2018 was $384,000, and the average sales price of our homes in backlog at December 31, 2018 was $409,000. We offer homes ranging from a base sales price of approximately $180,000 to $1,110,000 and believe that this range of price points allows us to appeal to and attract a wide range of buyers. We believe that we distinguish ourselves from competitors by offering homes in select areas with a high level of design and construction quality, providing superior customer service and offering mortgage and title services in order to fully serve our customers. In our experience, our product offerings and customer service make the homebuying process more efficient for our customers.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Meritage Homes (MTH) 2,023 5.4 6% 3,467 1,669 0 0 206 298 1,615
LGI Homes (LGIH) 1,815 24% 8.3 10% 1,486 761 1,555 379 145 215 1,777
Installed Building Products (IBP) 1,657 28% 14.9 7% 916 710 1,416 393 60 136 2,018
Tri Pointe Group (TPH) 1,610 8% 5.1 5% 3,878 1,791 3,101 235 191 283 1,438
Skyline Champion (SKY) 1,486 19% -683.3 -6% 722 290 1,410 266 -40 -2 1,392
Cavco Industries (CVCO) 1,440 22% 12.5 9% 756 206 980 215 70 98 1,227
Winnebago Industries (WGO) 1,177 15% 7.6 10% 1,083 480 1,991 308 110 189 1,439
St Joe (JOE) 982 0% 20.3 2% 906 364 92 0 18 43 865
MI Homes (MHO) 795 5% 4.7 5% 2,089 1,185 2,395 130 110 166 775
Century Communities (CCS) 772 0% 6.5 3% 2,410 1,513 2,367 0 76 113 737
William Lyon Homes (WLH) 759 6% 9.4 4% 2,946 1,920 2,116 123 105 226 2,135
Xinyuan Real Estate (XIN) 492 0% 8,034 7,288 0 0 0 0 -694
Beazer Homes (BZH) 437 13% -28.0 -1% 2,120 1,586 1,306 176 -21 -13 353
Green Brick Partners (GRBK) 418 21% 4.8 7% 833 322 687 143 57 79 380
Legacy Housing (LEGH) 304 41% 14.0 6% 252 43 84 34 16 21 302
Select Interior Concepts (SIC) 267 28% 8.9 0% 429 277 556 154 0 47 421
Stratus Properties (STRS) 221 18% 89.7 -0% 543 402 90 16 -0 2 188
Hovnanian Enterprises (HOV) 91 0% -2.9 0% 1,795 2,288 1,918 0 6 12 -33
New Home (NWHM) 73 10% -33.1 -2% 673 434 670 66 -14 -12 399
Comstock (CHCI) 17 2% -8.9 -8% 28 21 50 1 -2 -2 22

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash419000111
Accounts Receivable
Inventory
PP&E1403500212729
Assets664-392-855128-1,0381,3451,8652,022
Accounts Payable
Long-Term Debt
Liabilities39190454372-4177081,1171,166
Stockholders' Equity27319493544-621637747855
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue5667621,0371,2151,4181,6911,9622,286
Cost of Revenue
Gross Profit
R&D24
SG&A96561300201255281
Tax-0402224834
Net Income-341315151525772108
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-340710-743-53-3
Cash Investing-900-73-26-10-134
Cash Financing22012-3-421806