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MI Homes (MHO)

(Delayed Data from NYSE)

$120.29 USD

120.29
396,484

-2.13 (-1.74%)

Updated Apr 25, 2024 04:00 PM ET

After-Market: $120.34 +0.05 (0.04%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value A Growth C Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 20% (49 out of 251)

Industry: Building Products - Home Builders

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Better trading starts here.

Balance Sheet

Research for MHO

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for MI Homes, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 733 312 236 261 6
Receivables 0 0 0 0 0
Notes Receivable 0 0 0 0 0
Inventories 2,797 2,829 2,452 1,917 1,770
Other Current Assets 176 243 286 234 165
Total Current Assets 3,706 3,383 2,975 2,412 1,940
Net Property & Equipment 35 37 38 27 22
Investments & Advances 44 52 57 35 38
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 16 18 0 6 0
Intangibles 16 16 16 16 16
Deposits & Other Assets 148 148 103 95 70
Total Assets 4,022 3,715 3,240 2,643 2,106
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 205 229 245 186 125
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 337 369 335 256 182
Total Current Liabilities 542 598 579 442 307
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 860 938 962 872 755
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 46 47 23 18 21
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 1,506 1,644 1,616 1,384 1,102
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 350 353 347 339 333
Retained Earnings 2,301 1,836 1,345 948 709
Other Equity 0 0 0 0 0
Treasury Stock 135 118 69 29 38
Total Shareholder's Equity 2,517 2,071 1,624 1,259 1,003
Total Liabilities & Shareholder's Equity 4,022 3,715 3,240 2,643 2,106
Total Common Equity 2,517 2,071 1,624 1,259 1,003
Shares Outstanding 27.80 27.40 29.10 28.70 27.50
Book Value Per Share 90.54 75.57 55.81 43.86 36.49

Fiscal Year End for MI Homes, Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 733 736 668 543
Receivables NA 0 0 0 0
Notes Receivable NA 0 0 0 0
Inventories NA 2,797 2,741 2,687 2,657
Other Current Assets NA 176 225 191 227
Total Current Assets NA 3,706 3,702 3,546 3,427
Net Property & Equipment NA 35 36 36 37
Investments & Advances NA 44 45 42 49
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 16 0 18 18
Intangibles NA 16 16 16 16
Deposits & Other Assets NA 148 146 145 155
Total Assets NA 4,022 4,003 3,862 3,762
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 205 251 265 208
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 337 329 315 347
Total Current Liabilities NA 542 580 580 555
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 860 894 880 916
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 44 44 47
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 1,506 1,578 1,563 1,579
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 350 348 350 350
Retained Earnings NA 2,301 2,196 2,057 1,939
Other Equity NA 0 0 0 0
Treasury Stock NA 135 119 109 106
Total Shareholder's Equity NA 2,517 2,426 2,298 2,183
Total Liabilities & Shareholder's Equity NA 4,022 4,003 3,862 3,762
Total Common Equity 0 2,517 2,426 2,298 2,183
Shares Outstanding 27.80 27.80 27.80 27.80 27.80
Book Value Per Share 0.00 90.54 87.26 82.68 78.53