M/I Homes, Inc.

M/I Homes, Inc.

M/I Homes, Inc.

Overview
Date Founded

1976

Headquarters

3 EASTON OVAL, SUITE 500, COLUMBUS, OH, 43219

Type of Company

Public

Employees (Worldwide)

1,515

Industries

Engineering, Construction & Architecture
Real Estate

Company Description

M/I Homes, Inc. engages in the construction and development of residential properties. It operates through the following business segments: Homebuilding and Financial Services. The Homebuilding segment designs, markets, constructs and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers. The Financial Services segment offer mortgage banking services to homebuyers. The company was founded by Irving Schottenstein and Melvin Schottenstein in 1976 and is headquartered in Columbus, OH.

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Executives & Employees

Chief Executive Officer

Executive Vice President & Chief Financial Officer

Vice President, Corporate Controller & Chief Accounting Officer

Secretary, Director, Chief Legal Officer & Executive Vice President

Region President, Tampa & Orlando Divisions

Region President, Chicago, Minneapolis/St. Paul, Indianapolis & Detroit Divisions

Area President, Minneapolis/St. Paul

President, Dallas Fort Worth Operations

Division President

Assistant General Counsel

Board of Directors

Chief Executive Officer at M/I Homes, Inc.

Founder at Free the Tampons Foundation

Founder at United Skates of America, Inc.

Chief Executive Officer & President at Donahue Schriber Realty Group, Inc.

Executive Vice President & Chief Financial Officer at M/I Homes, Inc.

Secretary, Director, Chief Legal Officer & Executive Vice President at M/I Homes, Inc.

Founding Partner at Transmap Corp.

Chief Financial Officer, Executive Vice President, Director at Momentive Performance Materials USA LLC

President, Chief Executive Officer & Director at White Castle System, Inc.

Chief Corporate Development & Strategy Officer at Root Insurance Co.

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M/I Homes, Inc.
Owners & Shareholders
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BCM uses their primary strategy solely within the financial services sector, and for other accounts they implement their strategy without any sector limitation. The firm’s primary investment methodology is value-oriented and opportunistic, employing extensive fundamental research and analysis to identify investments that are undervalued (or, in the case of short positions, overvalued) by the marketplace, and to identify proper entry and exit points. BCM’s strategies utilize leverage on a selective basis, primarily for investment purposes. A security becomes a co-investment opportunity (i) only if the position is or is intended to be held in some or all of the primary strategy accounts; (ii) the position reaches its desired allocation (in the discretion of the portfolio managers) in the primary strategy accounts and there is still available capacity in the name to make additional investments on behalf of co-investment clients.

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DS&C is a deep-value manager that employs a disciplined bottom-up approach. They invest in stocks of out-of-favor companies selling at discounts to tangible book value. The firm tries to look for companies in the bottom decile of price-to-tangible book value ratios and a positive outlook for earnings potential over the next 2-4 years. DS&C utilizes fundamental security analysis and basic research. Their intensive research tries to determine which of these low price/tangible book value stocks will turn around and achieve their earnings potential. The firm’s primary approach is bottom up while they do closely follow and analyze broad economic and sector trends. They will first find a cheap stock and then see if their industry and economic views support their individual company thesis. DS&C’s in-depth research includes time spent reading company documents and speaking/meeting with company management. They try to have multiple phone conversations with company management to familiarize themselves with their strategies, beliefs and intentions before investing in any company.

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Capital Growth Management (GCM) provides investment advisory services to registered investment companies and one private fund, the Wayfarer Fund. All services are furnished on a continuous basis, taking into account the individual needs of each client based on the client's stated investment objectives. Advice is limited to equity and fixed income securities with particular emphasis on growth stocks. CGM generally invests in equity securities traded on U.S. exchanges and may also invest in fixed income securities. Equity securities may include ADRs. The firm may also engage in short selling for one of their mutual fund clients and the Wayfarer Fund.

Recent Transactions
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M/I Homes, Inc. purchases DPG-Homes of Michigan LLC

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M/I Homes, Inc. issued USD Common Stock

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M/I Homes, Inc. issued USD Common Stock

Insider Transactions
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Transaction Advisors
Underwriter

Advised onM/I Homes, Inc. issued USD Common Stock

Auditor

Advised onM/I Homes, Inc. issued USD Common Stock

Underwriter

Advised onM/I Homes, Inc. issued USD Common Stock

Legal Advisor

Advised onM/I Homes, Inc. issued USD Common Stock

Legal Advisor

Advised onM/I Homes, Inc. issued USD Common Stock

Professional

Advised onM/I Homes, Inc. issued USD Common Stock

Key Stats and Financials As of 2020
Market Capitalization
$1.49B
Total Enterprise Value
$1.96B
Earnings Per Share
$8.23
Revenue
$3.05B
Net Profit
$240M
EBITDA
$343M
EBITDAMargin
11.27%
Total Debt
$933M
Total Equity
$1.26B
Enterprise Value / Sales
0.64x
Enterprise Value EBITDAOperating
5.56x
TEVNet Income
8.18x
Debt TEV
0.48x
Three Year Compounded Annual Growth Rate Of Revenue
15.88%
Non-Profit Donations & Grants
Competitors
Toll Brothers, Inc. Engineering, Construction & Architecture - Horsham, Pennsylvania

At Toll Brothers, we build more than homes; we build communities. Trusted since 1967, we've been building communities in picturesque settings where luxury meets convenience, and where neighbors become lifelong friends. When you choose Toll Brothers, you choose our unwavering commitment to quality and customer service. We ranked #1 in 2011 and 2010 in Financial Soundness, Long-Term Investment, and Quality of Products/Services in FORTUNE magazine's annual World's Most Admired Companies survey in the home building category.* We are also honored to have won the three most coveted awards in the home building industry: America's Best Builder, National Builder of the Year, and the National Housing Quality Award. But our greatest reward comes from the recognition we receive from our homeowners. Each Toll Brothers home offers a combination of quality materials and superior design, where every detail is meticulously crafted, and every enhancement you select is seamlessly added to create a customized home that is uniquely yours. At Toll Brothers, we believe that preserving the natural environment is an integral part of creating a community you'll be proud to call home. That means everything from environmentally sensitive planning to energy-efficient home design. Nationwide, Toll Brothers partners with conservation groups that include the National Wildlife Federation and Audubon International. In addition, the homes we build are designed to harmonize with the scenic beauty of the surrounding landscape. We preserve as much open space as possible, incorporating and even restoring the existing hills, trees, and ponds. Our homes include numerous green features that help to minimize our impact on the environment. By going green with a new Toll Brothers home, you'll be saving money, making a difference, and maximizing your quality of life. Toll Brothers is currently building in 19 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, Texas, Virginia, and Washington. Toll Brothers is the nation's premier builder of luxury homes and is a publicly owned company whose stock is listed on the New York Stock Exchange (NYSE:TOL).

M. D. C. Holdings, Inc. Engineering, Construction & Architecture - Denver, CO

M.D.C. Holdings, Inc. provides homebuilding and financial services. Its homebuilding operations consist of wholly owned subsidiary companies that generally purchase finished lots or develop lots to the extent necessary for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes. The company's financial services operations consist of mortgage loans, insurance coverage, re-insures Allegiant claims, third-party insurance products, and title agency services. M.D.C. Holdings was founded by Larry A. Mizel in 1972 and is headquartered in Denver, CO.

Lennar Corporation Engineering, Construction & Architecture - Miami, FL

Lennar Corporation, founded in 1954, is headquartered in Miami, Florida and is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and retirement homes in Communities that cater to almost any lifestyle – such as urban, golf course, Active Adult or suburban Communities.

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