Despite M/I Homes' stock momentum and earnings growth, its low P/E ratio indicates market anticipation of diminishing earnings. This seems to justify its undervaluation and may limit the stock price, unless a substantial upward momentum arises to hike its sluggish P/E ratio.
M/I Homes’ financial health points toward a positive trend given its ROE and earnings growth. The company's absence of dividend distribution and noteworthy earnings growth hint at effective business management. Analyst predictions, nevertheless, suggest a slowing down in their future earnings growth.
M/I is a small-sized US homebuilder operating in 9 states. In 2022, M/I was a much bigger company compared to that in 2005. Its 2022 revenue was 3 times bigger while its Net Income was almost 5 times larger. Unfortunately, its capital efficiency as measured by the gross profitability did not improve. I would also rate M/I's financial position as poor. About 1/3 of its revenue growth was driven by growth in house prices. As such, I valued M/I as a cyclical...
Homebuilder stocks favored by Warren Buffett have enjoyed a robust rally this year, surpassing even the tech boom powered by AI. Furthermore, analysts remain bullish on the sector's potential for further outperformance, positioning it to deliver market-beating returns. Despite a significant rebound, U.S. homebuilder stocks are still expected to offer high returns according to analysts. Homebui...
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M/I Home (M/I) – still not time to go in.
In 2022, M/I was a much bigger company compared to that in 2005. Its 2022 revenue was 3 times bigger while its Net Income was almost 5 times larger. Unfortunately, its capital efficiency as measured by the gross profitability did not improve. I would also rate M/I's financial position as poor.
About 1/3 of its revenue growth was driven by growth in house prices. As such, I valued M/I as a cyclical...
专栏Will the Surge of Homebuilder Stocks Continue? Wall Street Analysts Remain Optimistic About the Sector.
Despite a significant rebound, U.S. homebuilder stocks are still expected to offer high returns according to analysts.
Homebui...
5年来资产负债率从57.7%下降到44.3%,2023Q2进一步下降到40.5%。
2022年存货28.29亿占当年营收的68.5%,在板块内属于中等水平。
长期借款8.8亿,占22.98亿净资产的38.3%,杠杆率不高。
近几年来由于存货增长过快,经营净额不是很好,最近两个季度存货下降很快,现金流改善很多。
目前市盈率5.67,市盈率TTM略增到5.72,考虑到板块周期问题,仅可谨慎选择(⭐️)
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