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...
MI 家居股票讨论
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...
尽管经历了显著反弹美国房屋建设股票仍有望提供高额回报,这是分析师的预期。
房屋建设指数预测表现良好
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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