NMI HOLDINGS INC-CLASS A (NMIH)
US6292093050 - Common Stock
Overall NMIH gets a fundamental rating of 6 out of 10. We evaluated NMIH against 102 industry peers in the Financial Services industry. NMIH scores excellent on profitability, 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!
1. Profitability
1.1 Basic Checks
NMIH had positive earnings in the past year.
NMIH had a positive operating cash flow in the past year.
Each year in the past 5 years NMIH has been profitable.
In the past 5 years NMIH always reported a positive cash flow from operatings.
1.2 Ratios
NMIH has a better Return On Assets (11.20%) than 95.10% of its industry peers.
NMIH's Return On Equity of 17.02% is fine compared to the rest of the industry. NMIH outperforms 77.45% of its industry peers.
NMIH's Return On Invested Capital of 12.33% is amongst the best of the industry. NMIH outperforms 90.20% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NMIH is above the industry average of 7.99%.
The 3 year average ROIC (12.00%) for NMIH is below the current ROIC(12.33%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.2% | ||
| ROE | 17.02% | ||
| ROIC | 12.33% |
ROA(3y)10.68%
ROA(5y)10.51%
ROE(3y)16.54%
ROE(5y)16.13%
ROIC(3y)12%
ROIC(5y)11.78%
1.3 Margins
Looking at the Profit Margin, with a value of 56.26%, NMIH belongs to the top of the industry, outperforming 95.10% of the companies in the same industry.
In the last couple of years the Profit Margin of NMIH has grown nicely.
NMIH has a Operating Margin of 77.41%. This is amongst the best in the industry. NMIH outperforms 95.10% of its industry peers.
In the last couple of years the Operating Margin of NMIH has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 77.41% | ||
| PM (TTM) | 56.26% | ||
| GM | N/A |
OM growth 3Y11.59%
OM growth 5Y6.77%
PM growth 3Y11.99%
PM growth 5Y7.23%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), NMIH is creating some value.
NMIH has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, NMIH has more shares outstanding
Compared to 1 year ago, NMIH has an improved debt to assets ratio.
2.2 Solvency
NMIH has a debt to FCF ratio of 1.12. This is a very positive value and a sign of high solvency as it would only need 1.12 years to pay back of all of its debts.
The Debt to FCF ratio of NMIH (1.12) is better than 83.33% of its industry peers.
A Debt/Equity ratio of 0.20 indicates that NMIH is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.20, NMIH is doing good in the industry, outperforming 68.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 1.12 | ||
| Altman-Z | N/A |
ROIC/WACC1.41
WACC8.77%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 15.43% over the past year.
The Earnings Per Share has been growing by 18.26% 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 12.36% in the last year.
NMIH shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.06% yearly.
EPS 1Y (TTM)15.43%
EPS 3Y20.22%
EPS 5Y18.26%
EPS growth Q2Q22.73%
Revenue 1Y (TTM)12.36%
Revenue growth 3Y10.14%
Revenue growth 5Y16.06%
Revenue growth Q2Q14.22%
3.2 Future
NMIH is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.72% yearly.
NMIH is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.68% yearly.
EPS Next Y9.11%
EPS Next 2Y9.8%
EPS Next 3Y11.72%
EPS Next 5YN/A
Revenue Next Year7.86%
Revenue Next 2Y7.72%
Revenue Next 3Y12.68%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.05, the valuation of NMIH can be described as reasonable.
Based on the Price/Earnings ratio, NMIH is valued cheaply inside the industry as 85.29% of the companies are valued more expensively.
NMIH's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.73.
A Price/Forward Earnings ratio of 7.02 indicates a rather cheap valuation of NMIH.
88.24% of the companies in the same industry are more expensive than NMIH, based on the Price/Forward Earnings ratio.
NMIH is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.41, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.05 | ||
| Fwd PE | 7.02 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NMIH is valued cheaper than 87.25% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, NMIH is valued cheaper than 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.39 | ||
| EV/EBITDA | 6.06 |
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.
The excellent profitability rating of NMIH may justify a higher PE ratio.
PEG (NY)0.88
PEG (5Y)0.44
EPS Next 2Y9.8%
EPS Next 3Y11.72%
5. Dividend
5.1 Amount
NMIH does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NMI HOLDINGS INC-CLASS A
NASDAQ:NMIH (5/3/2024, 7:08:50 PM)
After market: 32.51 0 (0%)32.51
+0.04 (+0.12%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.62B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.05 | ||
| Fwd PE | 7.02 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.88
PEG (5Y)0.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.2% | ||
| ROE | 17.02% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 77.41% | ||
| PM (TTM) | 56.26% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)15.43%
EPS 3Y20.22%
EPS 5Y
EPS growth Q2Q
EPS Next Y9.11%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)12.36%
Revenue growth 3Y10.14%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y