M/I Homes, Inc. Overview
Pro stress-test →M/I Homes Inc is an American construction company focused on residential construction with two distinct operations: homebuilding and financial services. The homebuilding operations span the Midwest, Mid-Atlantic, and Southern regions, while financial services operations provide mortgage loans and title services to homebuilding customers. The company targets a diverse buyer base from entry-level to luxury homebuyers.
Strategic Profile
Pro stress-test →M/I Homes is a leading U.S. residential homebuilder operating across key growth markets in the Midwest, South, and Southeast with a vertically integrated approach controlling the entire value chain from land acquisition through construction to mortgage and title services. The company's return on equity of 15.8% exceeds competitors and its PEG ratio of 0.78 suggests the market may be overly pessimistic about growth prospects.
Competitive Landscape
Pro stress-test →D.R. Horton, PulteGroup, Taylor Morrison Home, NVR (Virginia), and Beazer Homes USA are primary competitors. M/I Homes trades at 8x trailing earnings compared to D.R. Horton's 14x multiple, reflecting a 41% valuation discount that reflects investor skepticism about the smaller builder's ability to weather prolonged weakness.
Industry Context
M/I Homes, Inc. operates in Residential Homebuilding and Construction.
Key facts
Founded: 1976 · Headquarters: Columbus, Ohio · Revenue: $4.42B · Market cap: $3.66B