NMI HOLDINGS INC (NMIH) Fundamental Analysis & Valuation

NASDAQ:NMIH • US6292093050

Current stock price

39.99 USD
+1.16 (+2.99%)
At close:
39.9918 USD
0 (0%)
After Hours:

This NMIH fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. NMIH Profitability Analysis

1.1 Basic Checks

  • In the past year NMIH was profitable.
  • NMIH had a positive operating cash flow in the past year.
  • NMIH had positive earnings in each of the past 5 years.
  • NMIH had a positive operating cash flow in each of the past 5 years.
NMIH Yearly Net Income VS EBIT VS OCF VS FCFNMIH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

1.2 Ratios

  • NMIH has a better Return On Assets (10.13%) than 89.90% of its industry peers.
  • NMIH's Return On Equity of 15.00% is fine compared to the rest of the industry. NMIH outperforms 79.80% of its industry peers.
  • NMIH has a better Return On Invested Capital (10.99%) than 86.87% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for NMIH is above the industry average of 8.00%.
Industry RankSector Rank
ROA 10.13%
ROE 15%
ROIC 10.99%
ROA(3y)10.61%
ROA(5y)10.58%
ROE(3y)15.99%
ROE(5y)16.18%
ROIC(3y)11.73%
ROIC(5y)11.8%
NMIH Yearly ROA, ROE, ROICNMIH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • The Profit Margin of NMIH (55.05%) is better than 94.95% of its industry peers.
  • NMIH's Profit Margin has improved in the last couple of years.
  • NMIH's Operating Margin of 74.78% is amongst the best of the industry. NMIH outperforms 95.96% of its industry peers.
  • In the last couple of years the Operating Margin of NMIH has grown nicely.
Industry RankSector Rank
OM 74.78%
PM (TTM) 55.05%
GM N/A
OM growth 3Y-1.41%
OM growth 5Y6.22%
PM growth 3Y-0.55%
PM growth 5Y6.81%
GM growth 3YN/A
GM growth 5YN/A
NMIH Yearly Profit, Operating, Gross MarginsNMIH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. NMIH Health Analysis

2.1 Basic Checks

  • NMIH has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for NMIH has been reduced compared to 1 year ago.
  • NMIH has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for NMIH has been reduced compared to a year ago.
NMIH Yearly Shares OutstandingNMIH Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
NMIH Yearly Total Debt VS Total AssetsNMIH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • NMIH has a debt to FCF ratio of 1.01. This is a very positive value and a sign of high solvency as it would only need 1.01 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 1.01, NMIH belongs to the best of the industry, outperforming 80.81% of the companies in the same industry.
  • NMIH has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
  • NMIH's Debt to Equity ratio of 0.16 is fine compared to the rest of the industry. NMIH outperforms 70.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 1.01
Altman-Z N/A
ROIC/WACC1.29
WACC8.54%
NMIH Yearly LT Debt VS Equity VS FCFNMIH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
NMIH Yearly Current Assets VS Current LiabilitesNMIH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. NMIH Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 9.11% over the past year.
  • The Earnings Per Share has been growing by 17.31% on average over the past years. This is quite good.
  • Looking at the last year, NMIH shows a quite strong growth in Revenue. The Revenue has grown by 8.52% in the last year.
  • The Revenue has been growing by 10.27% on average over the past years. This is quite good.
EPS 1Y (TTM)9.11%
EPS 3Y13.14%
EPS 5Y17.31%
EPS Q2Q%12.15%
Revenue 1Y (TTM)8.52%
Revenue growth 3Y10.52%
Revenue growth 5Y10.27%
Sales Q2Q%6.23%

3.2 Future

  • The Earnings Per Share is expected to grow by 7.47% on average over the next years.
  • NMIH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.51% yearly.
EPS Next Y6.71%
EPS Next 2Y6.86%
EPS Next 3Y7.47%
EPS Next 5YN/A
Revenue Next Year4.47%
Revenue Next 2Y4.41%
Revenue Next 3Y4.51%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
NMIH Yearly Revenue VS EstimatesNMIH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M
NMIH Yearly EPS VS EstimatesNMIH Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 2 4 6

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Find the best growth stocksShow best growing peers

8

4. NMIH Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 8.14, the valuation of NMIH can be described as reasonable.
  • Based on the Price/Earnings ratio, NMIH is valued a bit cheaper than the industry average as 72.73% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 27.89. NMIH is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 7.63 indicates a rather cheap valuation of NMIH.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NMIH indicates a somewhat cheap valuation: NMIH is cheaper than 75.76% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 38.50, NMIH is valued rather cheaply.
Industry RankSector Rank
PE 8.14
Fwd PE 7.63
NMIH Price Earnings VS Forward Price EarningsNMIH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NMIH is valued cheaper than 88.89% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of NMIH indicates a rather cheap valuation: NMIH is cheaper than 83.84% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 7.38
EV/EBITDA 6.34
NMIH Per share dataNMIH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • NMIH has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.21
PEG (5Y)0.47
EPS Next 2Y6.86%
EPS Next 3Y7.47%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. NMIH Dividend Analysis

5.1 Amount

  • NMIH does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

NMIH Fundamentals: All Metrics, Ratios and Statistics

NMI HOLDINGS INC

NASDAQ:NMIH (4/17/2026, 8:00:02 PM)

After market: 39.9918 0 (0%)

39.99

+1.16 (+2.99%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)02-10
Earnings (Next)04-30
Inst Owners100.36%
Inst Owner Change-0.01%
Ins Owners1.75%
Ins Owner Change-9.33%
Market Cap3.05B
Revenue(TTM)706.44M
Net Income(TTM)388.93M
Analysts80
Price Target44.44 (11.13%)
Short Float %2.51%
Short Ratio3.92
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.35%
Min EPS beat(2)-1.55%
Max EPS beat(2)-1.14%
EPS beat(4)1
Avg EPS beat(4)2.69%
Min EPS beat(4)-1.55%
Max EPS beat(4)14.08%
EPS beat(8)3
Avg EPS beat(8)2.86%
EPS beat(12)7
Avg EPS beat(12)3.84%
EPS beat(16)11
Avg EPS beat(16)4.29%
Revenue beat(2)0
Avg Revenue beat(2)-3.97%
Min Revenue beat(2)-6.47%
Max Revenue beat(2)-1.47%
Revenue beat(4)0
Avg Revenue beat(4)-3.14%
Min Revenue beat(4)-6.47%
Max Revenue beat(4)-1.21%
Revenue beat(8)0
Avg Revenue beat(8)-3.45%
Revenue beat(12)0
Avg Revenue beat(12)-3.47%
Revenue beat(16)4
Avg Revenue beat(16)-1.17%
PT rev (1m)-6.63%
PT rev (3m)-3.88%
EPS NQ rev (1m)0.23%
EPS NQ rev (3m)-0.84%
EPS NY rev (1m)-0.14%
EPS NY rev (3m)0.75%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.4%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.29%
Valuation
Industry RankSector Rank
PE 8.14
Fwd PE 7.63
P/S 4.31
P/FCF 7.38
P/OCF 7.26
P/B 1.18
P/tB 1.18
EV/EBITDA 6.34
EPS(TTM)4.91
EY12.28%
EPS(NY)5.24
Fwd EY13.1%
FCF(TTM)5.42
FCFY13.54%
OCF(TTM)5.51
OCFY13.77%
SpS9.28
BVpS34.03
TBVpS33.99
PEG (NY)1.21
PEG (5Y)0.47
Graham Number61.3176 (53.33%)
Profitability
Industry RankSector Rank
ROA 10.13%
ROE 15%
ROCE 14.13%
ROIC 10.99%
ROICexc 11.12%
ROICexgc 12.81%
OM 74.78%
PM (TTM) 55.05%
GM N/A
FCFM 58.39%
ROA(3y)10.61%
ROA(5y)10.58%
ROE(3y)15.99%
ROE(5y)16.18%
ROIC(3y)11.73%
ROIC(5y)11.8%
ROICexc(3y)11.99%
ROICexc(5y)12.07%
ROICexgc(3y)13.62%
ROICexgc(5y)13.43%
ROCE(3y)15.09%
ROCE(5y)15.18%
ROICexgc growth 3Y-4.11%
ROICexgc growth 5Y5.31%
ROICexc growth 3Y-5.74%
ROICexc growth 5Y3.36%
OM growth 3Y-1.41%
OM growth 5Y6.22%
PM growth 3Y-0.55%
PM growth 5Y6.81%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 1.01
Debt/EBITDA 0.77
Cap/Depr 60.22%
Cap/Sales 0.96%
Interest Coverage 16.8
Cash Conversion 77.71%
Profit Quality 106.07%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC8.54%
ROIC/WACC1.29
Cap/Depr(3y)66.43%
Cap/Depr(5y)79.46%
Cap/Sales(3y)1.21%
Cap/Sales(5y)1.64%
Profit Quality(3y)105.64%
Profit Quality(5y)111.19%
High Growth Momentum
Growth
EPS 1Y (TTM)9.11%
EPS 3Y13.14%
EPS 5Y17.31%
EPS Q2Q%12.15%
EPS Next Y6.71%
EPS Next 2Y6.86%
EPS Next 3Y7.47%
EPS Next 5YN/A
Revenue 1Y (TTM)8.52%
Revenue growth 3Y10.52%
Revenue growth 5Y10.27%
Sales Q2Q%6.23%
Revenue Next Year4.47%
Revenue Next 2Y4.41%
Revenue Next 3Y4.51%
Revenue Next 5YN/A
EBIT growth 1Y5.59%
EBIT growth 3Y8.96%
EBIT growth 5Y17.13%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y6.68%
FCF growth 3Y10.86%
FCF growth 5Y11.4%
OCF growth 1Y6.53%
OCF growth 3Y10.19%
OCF growth 5Y10.67%

NMI HOLDINGS INC / NMIH Fundamental Analysis FAQ

What is the fundamental rating for NMIH stock?

ChartMill assigns a fundamental rating of 6 / 10 to NMIH.


What is the valuation status of NMI HOLDINGS INC (NMIH) stock?

ChartMill assigns a valuation rating of 8 / 10 to NMI HOLDINGS INC (NMIH). This can be considered as Undervalued.


Can you provide the profitability details for NMI HOLDINGS INC?

NMI HOLDINGS INC (NMIH) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for NMIH stock?

The Price/Earnings (PE) ratio for NMI HOLDINGS INC (NMIH) is 8.14 and the Price/Book (PB) ratio is 1.18.