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How to buy M/I Homes (MHO) stocks in Canada

Learn how to easily invest in M/I Homes stocks.

M/I Homes is a residential construction business based in the US. M/I Homes stocks (MHO.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $55.97 – an increase of 1.77% over the previous week. M/I Homes employs 1,515 staff and has a trailing 12-month revenue of around $3.6 billion.

How to buy shares in M/I Homes

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – MHO – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Is it a good time to buy M/I Homes stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

How has Coronavirus impacted M/I Homes's stock price?

Since the stock market crash in March caused by coronavirus, M/I Homes's stock price has had significant positive movement.

Its last market close was $58.69, which is 27.47% up on its pre-crash value of $42.57 and 510.08% up on the lowest point reached during the March crash when the stocks fell as low as $9.62.

If you had bought $1,000 worth of M/I Homes stocks at the start of February 2020, those stocks would have been worth $288.22 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,324.63.

M/I Homes stock price (NYSE:MHO)

Use our graph to track the performance of MHO stocks over time.

M/I Homes shares at a glance

Information last updated 2022-01-10.
Latest market close$58.69
52-week range$43.95 - $74.85
50-day moving average $59.77
200-day moving average $61.71
Wall St. target price$90.00
PE ratio 4.6184
Dividend yield N/A (0%)
Earnings per share (TTM) $12.18

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M/I Homes price performance over time

Historical closes compared with the close of $58.69 from 2022-01-14

1 week (2022-01-11) 1.77%
1 month (2021-12-17) 2.32%
3 months (2021-10-18) -2.65%
6 months (2021-07-16) 6.96%
1 year (2021-01-15) 30.83%
2 years (2020-01-17) 29.96%
3 years (2019-01-18) 137.90%
5 years (2017-01-18) 138.00%

Is M/I Homes under- or over-valued?

Valuing M/I Homes stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of M/I Homes's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

M/I Homes's P/E ratio

M/I Homes's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 5x. In other words, M/I Homes shares trade at around 5x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

M/I Homes's PEG ratio

M/I Homes's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.78. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into M/I Homes's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

M/I Homes's EBITDA

M/I Homes's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $494.2 million.

The EBITDA is a measure of a M/I Homes's overall financial performance and is widely used to measure a its profitability.

M/I Homes financials

Revenue TTM $3.6 billion
Operating margin TTM 13.5%
Gross profit TTM $681.9 million
Return on assets TTM 11.11%
Return on equity TTM 26.74%
Profit margin 10.1%
Book value $53.08
Market capitalisation $1.6 billion

TTM: trailing 12 months

M/I Homes share dividends

We're not expecting M/I Homes to pay a dividend over the next 12 months.

Have M/I Homes's shares ever split?

M/I Homes's shares were split on a 2:1 basis on 20 June 2002. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your M/I Homes shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for M/I Homes shares which in turn could have impacted M/I Homes's share price.

M/I Homes share price volatility

Over the last 12 months, M/I Homes's shares have ranged in value from as little as $43.95 up to $74.85. A popular way to gauge a stock's volatility is its "beta".

MHO.US volatility(beta: 2.01)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while M/I Homes's is 2.0071. This would suggest that M/I Homes's shares are significantly more volatile than the average for this exchange and represent a higher risk.

M/I Homes overview

M/I Homes, Inc. , together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Michigan, Minnesota, North Carolina, Florida, Texas, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments. It designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers under the M/I Homes brand name. The company also purchases undeveloped land to develop into developed lots for the construction 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. The company was formerly known as M/I Schottenstein Homes, Inc.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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