Intrinsic value of M/I Homes - MHO

Previous Close

$26.24

  Intrinsic Value

$76.41

stock screener

  Rating & Target

str. buy

+191%

  Value-price divergence*

+105%

Previous close

$26.24

 
Intrinsic value

$76.41

 
Up/down potential

+191%

 
Rating

str. buy

 
Value-price divergence*

+105%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of MHO stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  19.25
  25.60
  23.54
  21.69
  20.02
  18.52
  17.16
  15.95
  14.85
  13.87
  12.98
  12.18
  11.46
  10.82
  10.24
  9.71
  9.24
  8.82
  8.44
  8.09
  7.78
  7.50
  7.25
  7.03
  6.83
  6.64
  6.48
  6.33
  6.20
  6.08
  5.97
Revenue, $m
  1,691
  2,124
  2,624
  3,193
  3,832
  4,542
  5,321
  6,170
  7,086
  8,069
  9,116
  10,227
  11,399
  12,632
  13,925
  15,278
  16,690
  18,161
  19,693
  21,287
  22,943
  24,665
  26,454
  28,314
  30,246
  32,256
  34,346
  36,520
  38,783
  41,141
  43,597
Variable operating expenses, $m
 
  1,969
  2,432
  2,960
  3,552
  4,210
  4,933
  5,719
  6,569
  7,480
  8,451
  9,480
  10,567
  11,710
  12,909
  14,162
  15,471
  16,835
  18,256
  19,733
  21,269
  22,865
  24,523
  26,247
  28,038
  29,901
  31,838
  33,854
  35,952
  38,137
  40,414
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  1,583
  1,969
  2,432
  2,960
  3,552
  4,210
  4,933
  5,719
  6,569
  7,480
  8,451
  9,480
  10,567
  11,710
  12,909
  14,162
  15,471
  16,835
  18,256
  19,733
  21,269
  22,865
  24,523
  26,247
  28,038
  29,901
  31,838
  33,854
  35,952
  38,137
  40,414
Operating income, $m
  109
  155
  192
  233
  280
  332
  388
  450
  517
  589
  665
  747
  832
  922
  1,017
  1,115
  1,218
  1,326
  1,438
  1,554
  1,675
  1,801
  1,931
  2,067
  2,208
  2,355
  2,507
  2,666
  2,831
  3,003
  3,183
EBITDA, $m
  120
  157
  194
  237
  284
  337
  394
  457
  525
  598
  675
  758
  845
  936
  1,032
  1,132
  1,237
  1,346
  1,459
  1,577
  1,700
  1,828
  1,960
  2,098
  2,241
  2,390
  2,545
  2,706
  2,874
  3,049
  3,231
Interest expense (income), $m
  7
  21
  29
  38
  48
  59
  72
  86
  101
  117
  135
  153
  173
  194
  216
  239
  263
  288
  315
  342
  370
  400
  430
  462
  495
  530
  566
  603
  642
  682
  724
Earnings before tax, $m
  92
  134
  163
  195
  232
  272
  317
  365
  416
  472
  531
  593
  659
  728
  801
  876
  955
  1,037
  1,123
  1,212
  1,305
  1,401
  1,501
  1,605
  1,713
  1,825
  1,942
  2,063
  2,190
  2,321
  2,459
Tax expense, $m
  35
  36
  44
  53
  63
  74
  85
  98
  112
  127
  143
  160
  178
  197
  216
  237
  258
  280
  303
  327
  352
  378
  405
  433
  462
  493
  524
  557
  591
  627
  664
Net income, $m
  57
  98
  119
  143
  169
  199
  231
  266
  304
  344
  387
  433
  481
  532
  584
  640
  697
  757
  820
  885
  952
  1,023
  1,096
  1,171
  1,250
  1,332
  1,417
  1,506
  1,598
  1,695
  1,795

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  34
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,549
  1,903
  2,351
  2,861
  3,434
  4,069
  4,768
  5,528
  6,349
  7,230
  8,168
  9,164
  10,214
  11,319
  12,478
  13,690
  14,955
  16,273
  17,646
  19,074
  20,559
  22,101
  23,705
  25,371
  27,103
  28,903
  30,776
  32,724
  34,752
  36,864
  39,065
Adjusted assets (=assets-cash), $m
  1,515
  1,903
  2,351
  2,861
  3,434
  4,069
  4,768
  5,528
  6,349
  7,230
  8,168
  9,164
  10,214
  11,319
  12,478
  13,690
  14,955
  16,273
  17,646
  19,074
  20,559
  22,101
  23,705
  25,371
  27,103
  28,903
  30,776
  32,724
  34,752
  36,864
  39,065
Revenue / Adjusted assets
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
Average production assets, $m
  18
  23
  29
  35
  42
  50
  59
  68
  78
  89
  100
  112
  125
  139
  153
  168
  184
  200
  217
  234
  252
  271
  291
  311
  333
  355
  378
  402
  427
  453
  480
Working capital, $m
  0
  30
  37
  45
  54
  64
  74
  86
  99
  113
  128
  143
  160
  177
  195
  214
  234
  254
  276
  298
  321
  345
  370
  396
  423
  452
  481
  511
  543
  576
  610
Total debt, $m
  638
  824
  1,078
  1,368
  1,693
  2,054
  2,451
  2,883
  3,349
  3,850
  4,383
  4,948
  5,545
  6,172
  6,830
  7,519
  8,237
  8,986
  9,766
  10,577
  11,420
  12,297
  13,207
  14,154
  15,137
  16,160
  17,224
  18,330
  19,482
  20,682
  21,932
Total liabilities, $m
  894
  1,081
  1,335
  1,625
  1,950
  2,311
  2,708
  3,140
  3,606
  4,107
  4,640
  5,205
  5,802
  6,429
  7,087
  7,776
  8,494
  9,243
  10,023
  10,834
  11,677
  12,554
  13,464
  14,411
  15,394
  16,417
  17,481
  18,587
  19,739
  20,939
  22,189
Total equity, $m
  654
  822
  1,016
  1,236
  1,483
  1,758
  2,060
  2,388
  2,743
  3,123
  3,529
  3,959
  4,413
  4,890
  5,390
  5,914
  6,460
  7,030
  7,623
  8,240
  8,881
  9,548
  10,240
  10,960
  11,708
  12,486
  13,295
  14,137
  15,013
  15,925
  16,876
Total liabilities and equity, $m
  1,548
  1,903
  2,351
  2,861
  3,433
  4,069
  4,768
  5,528
  6,349
  7,230
  8,169
  9,164
  10,215
  11,319
  12,477
  13,690
  14,954
  16,273
  17,646
  19,074
  20,558
  22,102
  23,704
  25,371
  27,102
  28,903
  30,776
  32,724
  34,752
  36,864
  39,065
Debt-to-equity ratio
  0.976
  1.000
  1.060
  1.110
  1.140
  1.170
  1.190
  1.210
  1.220
  1.230
  1.240
  1.250
  1.260
  1.260
  1.270
  1.270
  1.280
  1.280
  1.280
  1.280
  1.290
  1.290
  1.290
  1.290
  1.290
  1.290
  1.300
  1.300
  1.300
  1.300
  1.300
Adjusted equity ratio
  0.409
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432
  0.432

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  57
  98
  119
  143
  169
  199
  231
  266
  304
  344
  387
  433
  481
  532
  584
  640
  697
  757
  820
  885
  952
  1,023
  1,096
  1,171
  1,250
  1,332
  1,417
  1,506
  1,598
  1,695
  1,795
Depreciation, amort., depletion, $m
  11
  2
  3
  4
  4
  5
  6
  7
  8
  9
  10
  11
  13
  14
  15
  17
  18
  20
  22
  23
  25
  27
  29
  31
  33
  35
  38
  40
  43
  45
  48
Funds from operations, $m
  -9
  100
  122
  146
  173
  204
  237
  273
  312
  353
  397
  444
  494
  545
  600
  656
  716
  777
  842
  908
  978
  1,050
  1,125
  1,203
  1,283
  1,368
  1,455
  1,546
  1,641
  1,740
  1,843
Change in working capital, $m
  -43
  6
  7
  8
  9
  10
  11
  12
  13
  14
  15
  16
  16
  17
  18
  19
  20
  21
  21
  22
  23
  24
  25
  26
  27
  28
  29
  30
  32
  33
  34
Cash from operations, $m
  34
  94
  115
  138
  165
  194
  226
  261
  299
  340
  383
  429
  477
  528
  582
  638
  696
  757
  820
  886
  954
  1,026
  1,100
  1,177
  1,256
  1,340
  1,426
  1,516
  1,609
  1,707
  1,808
Maintenance CAPEX, $m
  0
  -2
  -2
  -3
  -4
  -4
  -5
  -6
  -7
  -8
  -9
  -10
  -11
  -13
  -14
  -15
  -17
  -18
  -20
  -22
  -23
  -25
  -27
  -29
  -31
  -33
  -35
  -38
  -40
  -43
  -45
New CAPEX, $m
  -13
  -5
  -5
  -6
  -7
  -8
  -9
  -9
  -10
  -11
  -12
  -12
  -13
  -14
  -14
  -15
  -16
  -16
  -17
  -18
  -18
  -19
  -20
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -27
Cash from investing activities, $m
  -32
  -7
  -7
  -9
  -11
  -12
  -14
  -15
  -17
  -19
  -21
  -22
  -24
  -27
  -28
  -30
  -33
  -34
  -37
  -40
  -41
  -44
  -47
  -49
  -52
  -55
  -58
  -62
  -65
  -69
  -72
Free cash flow, $m
  2
  87
  107
  129
  154
  182
  212
  246
  282
  321
  362
  406
  453
  502
  553
  607
  664
  722
  783
  847
  913
  981
  1,053
  1,127
  1,204
  1,284
  1,367
  1,454
  1,544
  1,638
  1,736
Issuance/(repayment) of debt, $m
  24
  220
  254
  290
  325
  361
  397
  432
  466
  500
  533
  565
  597
  628
  658
  688
  719
  749
  780
  811
  843
  876
  911
  946
  984
  1,023
  1,064
  1,107
  1,152
  1,200
  1,250
Issuance/(repurchase) of shares, $m
  0
  70
  75
  78
  78
  76
  71
  62
  51
  36
  18
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  24
  290
  329
  368
  403
  437
  468
  494
  517
  536
  551
  565
  597
  628
  658
  688
  719
  749
  780
  811
  843
  876
  911
  946
  984
  1,023
  1,064
  1,107
  1,152
  1,200
  1,250
Total cash flow (excl. dividends), $m
  26
  377
  436
  496
  557
  619
  680
  740
  799
  857
  913
  972
  1,050
  1,130
  1,212
  1,296
  1,382
  1,471
  1,563
  1,658
  1,756
  1,858
  1,963
  2,073
  2,188
  2,307
  2,431
  2,561
  2,696
  2,838
  2,986
Retained Cash Flow (-), $m
  -57
  -168
  -194
  -220
  -247
  -275
  -302
  -328
  -355
  -380
  -405
  -430
  -454
  -477
  -501
  -524
  -547
  -570
  -593
  -617
  -641
  -666
  -693
  -720
  -748
  -778
  -809
  -842
  -876
  -913
  -951
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  209
  243
  276
  310
  344
  378
  412
  444
  477
  508
  542
  596
  652
  711
  772
  836
  902
  970
  1,041
  1,115
  1,191
  1,271
  1,354
  1,440
  1,529
  1,622
  1,719
  1,820
  1,926
  2,035
Discount rate, %
 
  8.30
  8.72
  9.15
  9.61
  10.09
  10.59
  11.12
  11.68
  12.26
  12.88
  13.52
  14.20
  14.91
  15.65
  16.43
  17.26
  18.12
  19.02
  19.97
  20.97
  22.02
  23.12
  24.28
  25.49
  26.77
  28.11
  29.51
  30.99
  32.54
  34.16
PV of cash for distribution, $m
 
  193
  205
  212
  215
  213
  207
  197
  184
  168
  151
  134
  121
  107
  93
  79
  65
  53
  42
  33
  25
  18
  13
  9
  6
  4
  3
  2
  1
  1
  0
Current shareholders' claim on cash, %
  100
  90.1
  82.5
  76.6
  71.9
  68.4
  65.7
  63.7
  62.4
  61.6
  61.2
  61.2
  61.2
  61.2
  61.2
  61.2
  61.2
  61.2
  61.2
  61.2
  61.2
  61.2
  61.2
  61.2
  61.2
  61.2
  61.2
  61.2
  61.2
  61.2
  61.2

M/I Homes, Inc., together with its subsidiaries, operates as a builder of single-family homes. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments. It designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, move-up, empty-nester, and luxury buyers under the M/I Homes and Showcase Collection brand names. The company also purchases undeveloped land to develop into developed lots of single-family homes, as well as for sale to others. In addition, it originates and sells mortgages; and serves as a title insurance agent by providing title insurance policies, examination, and closing services to purchasers of its homes. M/I Homes, Inc. operates in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company was formerly known as M/I Schottenstein Homes, Inc. and changed its name to M/I Homes, Inc. in January 2004. M/I Homes, Inc. was incorporated in 1973 and is based in Columbus, Ohio.

FINANCIAL RATIOS  of  M/I Homes (MHO)

Valuation Ratios
P/E Ratio 11.4
Price to Sales 0.4
Price to Book 1
Price to Tangible Book
Price to Cash Flow 19
Price to Free Cash Flow 30.8
Growth Rates
Sales Growth Rate 19.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 225%
Cap. Spend. - 3 Yr. Gr. Rate 45.4%
Financial Strength
Quick Ratio 1
Current Ratio NaN
LT Debt to Equity 88.8%
Total Debt to Equity 97.6%
Interest Coverage 14
Management Effectiveness
Return On Assets 4.1%
Ret/ On Assets - 3 Yr. Avg. 4.6%
Return On Total Capital 4.6%
Ret/ On T. Cap. - 3 Yr. Avg. 4.8%
Return On Equity 9.1%
Return On Equity - 3 Yr. Avg. 9.4%
Asset Turnover 1.1
Profitability Ratios
Gross Margin 19.7%
Gross Margin - 3 Yr. Avg. 20.7%
EBITDA Margin 6.5%
EBITDA Margin - 3 Yr. Avg. 7.1%
Operating Margin 6.4%
Oper. Margin - 3 Yr. Avg. 6.9%
Pre-Tax Margin 5.4%
Pre-Tax Margin - 3 Yr. Avg. 5.8%
Net Profit Margin 3.4%
Net Profit Margin - 3 Yr. Avg. 3.7%
Effective Tax Rate 38%
Eff/ Tax Rate - 3 Yr. Avg. 35.1%
Payout Ratio 8.8%

MHO stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MHO stock intrinsic value calculation we used $1691 million for the last fiscal year's total revenue generated by M/I Homes. The default revenue input number comes from 2016 income statement of M/I Homes. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our MHO stock valuation model: a) initial revenue growth rate of 25.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 8.3%, whose default value for MHO is calculated based on our internal credit rating of M/I Homes, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of M/I Homes.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of MHO stock the variable cost ratio is equal to 92.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for MHO stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for M/I Homes.

Corporate tax rate of 27% is the nominal tax rate for M/I Homes. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the MHO stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for MHO are equal to 1.1%.

Life of production assets of 10 years is the average useful life of capital assets used in M/I Homes operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for MHO is equal to 1.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $654 million for M/I Homes - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 24.513 million for M/I Homes is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of M/I Homes at the current share price and the inputted number of shares is $0.6 billion.

RELATED COMPANIES Price Int.Val. Rating
HOV Hovnanian Ente 2.30 0.80  str.sell
MDC M.D.C. Holding 34.69 185.04  str.buy
LGIH LGI Homes 44.14 35.36  hold
TOL Toll Brothers 39.32 77.40  str.buy
GS Goldman Sachs 221.48 1,349.80  str.buy
LEN Lennar Cl A 53.03 119.06  str.buy
KBH KB Home 23.14 65.01  str.buy
NVR NVR 2,643.44 3,724.79  buy
BEN Franklin Resou 45.90 61.32  buy

COMPANY NEWS

▶ M/I Homes posts 2Q profit   [Jul-26-17 08:54PM  Associated Press]
▶ Top-Rated Stock In Top-10 Group Just Beat Earnings Views   [04:24PM  Investor's Business Daily]
▶ M/I Homes, Inc. Value Analysis (NYSE:MHO) : June 26, 2017   [Jun-26-17 05:57PM  Capital Cube]
▶ Why M/I Homes (MHO) Stock Might be a Great Pick   [May-30-17 08:49AM  Zacks]
▶ 5 Home Building Stocks to Buy Post Q1 Earnings   [May-15-17 08:58AM  Zacks]
▶ Top Ranked Value Stocks to Buy for May 5th   [May-05-17 10:19AM  Zacks]
▶ Which Companies Are Now Outperforming 95% Of All Stocks?   [03:30PM  Investor's Business Daily]
▶ M/I Homes posts 1Q profit   [Apr-26-17 08:36AM  Associated Press]
▶ Housing Could Be Ready to Explode: 5 Top Stocks to Buy Now   [Apr-05-17 10:35AM  24/7 Wall St.]
▶ M/I Homes (MHO) Enters Overbought Territory   [Mar-17-17 10:26AM  Zacks]
▶ National homebuilder Mattamy Homes exiting Minnesota   [Feb-22-17 12:38PM  at bizjournals.com]
▶ National homebuilder Mattamy Homes exiting Minnesota   [12:38PM  American City Business Journals]
▶ ETFs with exposure to M/I Homes, Inc. : February 3, 2017   [Feb-03-17 11:09AM  Capital Cube]
▶ M/I Homes touts record year of homebuilding   [03:33PM  at bizjournals.com]
▶ M/I Homes touts record year of homebuilding   [03:33PM  American City Business Journals]
▶ Home Builders: Will Uncertainty Overwhelm the Fundamentals?   [Dec-29-16 10:37AM  at Barrons.com]
▶ Is M/I Homes Inc (MHO) A Good Stock to Buy?   [Dec-12-16 09:05PM  at Insider Monkey]
▶ CoLucid Pharmaceuticals Inc (CLCD) Draws Hedge Funds Attention   [Dec-09-16 11:27AM  at Insider Monkey]
▶ M/I Homes, Inc. Announces Third Quarter Earnings Webcast   [Oct-13-16 07:45AM  PR Newswire]
Stock chart of MHO Financial statements of MHO Annual reports of MHO
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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