NMI HOLDINGS INC (NMIH) Fundamental Analysis & Valuation

NASDAQ:NMIH • US6292093050

Current stock price

37.31 USD
+0.18 (+0.48%)
At close:
37.31 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.

8

1. NMIH Profitability Analysis

1.1 Basic Checks

  • NMIH had positive earnings in the past year.
  • In the past year NMIH had a positive cash flow from operations.
  • In the past 5 years NMIH has always been profitable.
  • 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

  • The Return On Assets of NMIH (10.13%) is better than 89.80% of its industry peers.
  • With an excellent Return On Equity value of 15.00%, NMIH belongs to the best of the industry, outperforming 80.61% of the companies in the same industry.
  • NMIH's Return On Invested Capital of 10.99% is amongst the best of the industry. NMIH outperforms 85.71% of its industry peers.
  • NMIH had an Average Return On Invested Capital over the past 3 years of 11.73%. This is above the industry average of 8.33%.
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 94.90% of its industry peers.
  • NMIH's Profit Margin has improved in the last couple of years.
  • NMIH has a Operating Margin of 74.78%. This is amongst the best in the industry. NMIH outperforms 95.92% of its industry peers.
  • NMIH's Operating Margin has improved in the last couple of years.
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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4

2. NMIH Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so NMIH is still creating some value.
  • The number of shares outstanding for NMIH has been reduced compared to 1 year ago.
  • The number of shares outstanding for NMIH has been reduced compared to 5 years ago.
  • Compared to 1 year ago, NMIH has an improved debt to assets ratio.
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

  • The Debt to FCF ratio of NMIH is 1.01, which is an excellent value as it means it would take NMIH, only 1.01 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of NMIH (1.01) is better than 79.59% of its industry peers.
  • NMIH has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
  • NMIH has a Debt to Equity ratio of 0.16. This is in the better half of the industry: NMIH outperforms 68.37% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 1.01
Altman-Z N/A
ROIC/WACC1.29
WACC8.53%
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

  • NMIH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.11%, which is quite good.
  • The Earnings Per Share has been growing by 17.31% on average over the past years. This is quite good.
  • NMIH shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.52%.
  • Measured over the past years, NMIH shows a quite strong growth in Revenue. The Revenue has been growing by 10.27% on average per year.
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

  • Based on estimates for the next years, NMIH will show a small growth in Earnings Per Share. The EPS will grow by 5.73% on average per year.
  • NMIH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.51% yearly.
EPS Next Y6.86%
EPS Next 2Y6.91%
EPS Next 3Y5.73%
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

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8

4. NMIH Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 7.60, the valuation of NMIH can be described as very cheap.
  • Based on the Price/Earnings ratio, NMIH is valued a bit cheaper than 74.49% of the companies in the same industry.
  • NMIH is valuated cheaply when we compare the Price/Earnings ratio to 25.70, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 7.11, which indicates a rather cheap valuation of NMIH.
  • NMIH's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. NMIH is cheaper than 73.47% of the companies in the same industry.
  • NMIH's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.84.
Industry RankSector Rank
PE 7.6
Fwd PE 7.11
NMIH Price Earnings VS Forward Price EarningsNMIH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • NMIH's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NMIH is cheaper than 88.78% of the companies in the same industry.
  • NMIH's Price/Free Cash Flow ratio is rather cheap when compared to the industry. NMIH is cheaper than 84.69% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.88
EV/EBITDA 5.92
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.
  • The excellent profitability rating of NMIH may justify a higher PE ratio.
PEG (NY)1.11
PEG (5Y)0.44
EPS Next 2Y6.91%
EPS Next 3Y5.73%

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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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NMIH Fundamentals: All Metrics, Ratios and Statistics

NMI HOLDINGS INC

NASDAQ:NMIH (3/13/2026, 8:00:02 PM)

After market: 37.31 0 (0%)

37.31

+0.18 (+0.48%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)02-10
Earnings (Next)04-27
Inst Owners100.28%
Inst Owner Change-2.38%
Ins Owners2.18%
Ins Owner Change-9.36%
Market Cap2.84B
Revenue(TTM)706.44M
Net Income(TTM)388.93M
Analysts80
Price Target47.6 (27.58%)
Short Float %2.66%
Short Ratio4.26
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)2.56%
PT rev (3m)5.04%
EPS NQ rev (1m)-0.27%
EPS NQ rev (3m)-0.13%
EPS NY rev (1m)0.76%
EPS NY rev (3m)1.33%
Revenue NQ rev (1m)0.4%
Revenue NQ rev (3m)0.4%
Revenue NY rev (1m)-0.29%
Revenue NY rev (3m)-0.29%
Valuation
Industry RankSector Rank
PE 7.6
Fwd PE 7.11
P/S 4.02
P/FCF 6.88
P/OCF 6.77
P/B 1.09
P/tB 1.1
EV/EBITDA 5.92
EPS(TTM)4.91
EY13.16%
EPS(NY)5.25
Fwd EY14.06%
FCF(TTM)5.43
FCFY14.54%
OCF(TTM)5.51
OCFY14.78%
SpS9.29
BVpS34.09
TBVpS34.04
PEG (NY)1.11
PEG (5Y)0.44
Graham Number61.37
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
WACC8.53%
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 Y6.86%
EPS Next 2Y6.91%
EPS Next 3Y5.73%
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.


What is the profitability of NMIH stock?

NMI HOLDINGS INC (NMIH) has a profitability rating of 8 / 10.


What are the PE and PB ratios of NMI HOLDINGS INC (NMIH) stock?

The Price/Earnings (PE) ratio for NMI HOLDINGS INC (NMIH) is 7.6 and the Price/Book (PB) ratio is 1.09.


Can you provide the expected EPS growth for NMIH stock?

The Earnings per Share (EPS) of NMI HOLDINGS INC (NMIH) is expected to grow by 6.86% in the next year.