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NMI HOLDINGS INC (NMIH) Stock Fundamental Analysis

NASDAQ:NMIH - Nasdaq - US6292093050 - Common Stock - Currency: USD

37.19  -0.13 (-0.35%)

After market: 37.19 0 (0%)

Fundamental Rating

6

NMIH gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 101 industry peers in the Financial Services industry. NMIH has an excellent profitability rating, but there are some minor concerns on its financial health. NMIH is valued quite cheap, while showing a decent growth score. This is a good combination!


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

NMIH had positive earnings in the past year.
In the past year NMIH had a positive cash flow from operations.
Each year in the past 5 years NMIH has been profitable.
Each year in the past 5 years NMIH had a positive operating cash flow.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M 500M

1.2 Ratios

The Return On Assets of NMIH (10.81%) is better than 91.09% of its industry peers.
NMIH has a Return On Equity of 16.09%. This is in the better half of the industry: NMIH outperforms 75.25% of its industry peers.
NMIH has a Return On Invested Capital of 11.90%. This is amongst the best in the industry. NMIH outperforms 87.13% of its industry peers.
NMIH had an Average Return On Invested Capital over the past 3 years of 12.44%. This is in line with the industry average of 11.84%.
Industry RankSector Rank
ROA 10.81%
ROE 16.09%
ROIC 11.9%
ROA(3y)11.12%
ROA(5y)10.14%
ROE(3y)17.04%
ROE(5y)15.68%
ROIC(3y)12.44%
ROIC(5y)11.39%
NMIH Yearly ROA, ROE, ROICNMIH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15

1.3 Margins

NMIH has a Profit Margin of 55.93%. This is amongst the best in the industry. NMIH outperforms 95.05% of its industry peers.
In the last couple of years the Profit Margin of NMIH has grown nicely.
NMIH's Operating Margin of 77.28% is amongst the best of the industry. NMIH outperforms 95.05% of its industry peers.
NMIH's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 77.28%
PM (TTM) 55.93%
GM N/A
OM growth 3Y4.36%
OM growth 5Y4.16%
PM growth 3Y5.11%
PM growth 5Y4.03%
GM growth 3YN/A
GM growth 5YN/A
NMIH Yearly Profit, Operating, Gross MarginsNMIH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60

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4

2. Health

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.
NMIH has less shares outstanding than it did 1 year ago.
The number of shares outstanding for NMIH has been increased 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
NMIH Yearly Total Debt VS Total AssetsNMIH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

The Debt to FCF ratio of NMIH is 1.10, which is an excellent value as it means it would take NMIH, only 1.10 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of NMIH (1.10) is better than 84.16% of its industry peers.
A Debt/Equity ratio of 0.18 indicates that NMIH is not too dependend on debt financing.
The Debt to Equity ratio of NMIH (0.18) is better than 70.30% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 1.1
Altman-Z N/A
ROIC/WACC1.44
WACC8.24%
NMIH Yearly LT Debt VS Equity VS FCFNMIH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 10.02% over the past year.
Measured over the past years, NMIH shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.51% on average per year.
The Revenue has grown by 12.43% in the past year. This is quite good.
NMIH shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.44% yearly.
EPS 1Y (TTM)10.02%
EPS 3Y18.13%
EPS 5Y11.51%
EPS Q2Q%1.67%
Revenue 1Y (TTM)12.43%
Revenue growth 3Y10.3%
Revenue growth 5Y11.44%
Sales Q2Q%5.59%

3.2 Future

The Earnings Per Share is expected to grow by 6.34% on average over the next years.
The Revenue is expected to grow by 4.09% on average over the next years.
EPS Next Y11.27%
EPS Next 2Y7.31%
EPS Next 3Y6.34%
EPS Next 5YN/A
Revenue Next Year2.41%
Revenue Next 2Y3.16%
Revenue Next 3Y4.09%
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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
NMIH Yearly EPS VS EstimatesNMIH Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 4

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9

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 7.88 indicates a rather cheap valuation of NMIH.
Based on the Price/Earnings ratio, NMIH is valued cheaper than 83.17% of the companies in the same industry.
When comparing the Price/Earnings ratio of NMIH to the average of the S&P500 Index (26.82), we can say NMIH is valued rather cheaply.
A Price/Forward Earnings ratio of 7.18 indicates a rather cheap valuation of NMIH.
Based on the Price/Forward Earnings ratio, NMIH is valued a bit cheaper than the industry average as 71.29% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.21, NMIH is valued rather cheaply.
Industry RankSector Rank
PE 7.88
Fwd PE 7.18
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

NMIH's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NMIH is cheaper than 88.12% of the companies in the same industry.
81.19% of the companies in the same industry are more expensive than NMIH, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 7.67
EV/EBITDA 6.14
NMIH Per share dataNMIH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
NMIH has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.7
PEG (5Y)0.68
EPS Next 2Y7.31%
EPS Next 3Y6.34%

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0

5. Dividend

5.1 Amount

NMIH does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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NMI HOLDINGS INC

NASDAQ:NMIH (8/1/2025, 8:00:02 PM)

After market: 37.19 0 (0%)

37.19

-0.13 (-0.35%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)07-29 2025-07-29/amc
Earnings (Next)11-04 2025-11-04/amc
Inst Owners99.67%
Inst Owner Change-1.38%
Ins Owners1.93%
Ins Owner Change2.94%
Market Cap2.89B
Analysts82.86
Price Target44.54 (19.76%)
Short Float %2.39%
Short Ratio3.37
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)1
Avg EPS beat(2)3.66%
Min EPS beat(2)-6.75%
Max EPS beat(2)14.08%
EPS beat(4)2
Avg EPS beat(4)4.72%
Min EPS beat(4)-6.75%
Max EPS beat(4)14.08%
EPS beat(8)6
Avg EPS beat(8)5.55%
EPS beat(12)10
Avg EPS beat(12)5.81%
EPS beat(16)13
Avg EPS beat(16)4.64%
Revenue beat(2)0
Avg Revenue beat(2)-4.9%
Min Revenue beat(2)-6.39%
Max Revenue beat(2)-3.42%
Revenue beat(4)0
Avg Revenue beat(4)-4.1%
Min Revenue beat(4)-6.39%
Max Revenue beat(4)-2.45%
Revenue beat(8)0
Avg Revenue beat(8)-3.33%
Revenue beat(12)3
Avg Revenue beat(12)-1.36%
Revenue beat(16)7
Avg Revenue beat(16)0.03%
PT rev (1m)0%
PT rev (3m)3.97%
EPS NQ rev (1m)-1.03%
EPS NQ rev (3m)1.9%
EPS NY rev (1m)-0.08%
EPS NY rev (3m)6.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.14%
Valuation
Industry RankSector Rank
PE 7.88
Fwd PE 7.18
P/S 4.33
P/FCF 7.67
P/OCF 7.54
P/B 1.25
P/tB 1.25
EV/EBITDA 6.14
EPS(TTM)4.72
EY12.69%
EPS(NY)5.18
Fwd EY13.93%
FCF(TTM)4.85
FCFY13.03%
OCF(TTM)4.93
OCFY13.26%
SpS8.59
BVpS29.87
TBVpS29.82
PEG (NY)0.7
PEG (5Y)0.68
Profitability
Industry RankSector Rank
ROA 10.81%
ROE 16.09%
ROCE 15.28%
ROIC 11.9%
ROICexc 12.17%
ROICexgc 13.84%
OM 77.28%
PM (TTM) 55.93%
GM N/A
FCFM 56.4%
ROA(3y)11.12%
ROA(5y)10.14%
ROE(3y)17.04%
ROE(5y)15.68%
ROIC(3y)12.44%
ROIC(5y)11.39%
ROICexc(3y)12.73%
ROICexc(5y)11.75%
ROICexgc(3y)14.21%
ROICexgc(5y)12.86%
ROCE(3y)15.97%
ROCE(5y)14.63%
ROICexcg growth 3Y5.83%
ROICexcg growth 5Y-1.43%
ROICexc growth 3Y3.34%
ROICexc growth 5Y-3.31%
OM growth 3Y4.36%
OM growth 5Y4.16%
PM growth 3Y5.11%
PM growth 5Y4.03%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.19
Health
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 1.1
Debt/EBITDA 0.79
Cap/Depr 54.32%
Cap/Sales 0.96%
Interest Coverage 250
Cash Conversion 72.57%
Profit Quality 100.84%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC8.24%
ROIC/WACC1.44
Cap/Depr(3y)76.04%
Cap/Depr(5y)92.06%
Cap/Sales(3y)1.57%
Cap/Sales(5y)2.01%
Profit Quality(3y)104.75%
Profit Quality(5y)118%
High Growth Momentum
Growth
EPS 1Y (TTM)10.02%
EPS 3Y18.13%
EPS 5Y11.51%
EPS Q2Q%1.67%
EPS Next Y11.27%
EPS Next 2Y7.31%
EPS Next 3Y6.34%
EPS Next 5YN/A
Revenue 1Y (TTM)12.43%
Revenue growth 3Y10.3%
Revenue growth 5Y11.44%
Sales Q2Q%5.59%
Revenue Next Year2.41%
Revenue Next 2Y3.16%
Revenue Next 3Y4.09%
Revenue Next 5YN/A
EBIT growth 1Y11.4%
EBIT growth 3Y15.11%
EBIT growth 5Y16.08%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y20.45%
FCF growth 3Y7.25%
FCF growth 5Y14.3%
OCF growth 1Y18.67%
OCF growth 3Y6.52%
OCF growth 5Y13.58%