NMI HOLDINGS INC (NMIH) Fundamental Analysis & Valuation

NASDAQ:NMIH • US6292093050

Current stock price

37.21 USD
-1.5 (-3.87%)
At close:
37.21 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.
  • In the past year NMIH had a positive cash flow from operations.
  • Each year in the past 5 years NMIH has 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

  • Looking at the Return On Assets, with a value of 10.13%, NMIH belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
  • NMIH has a better Return On Equity (15.00%) than 80.00% of its industry peers.
  • NMIH has a better Return On Invested Capital (10.99%) than 87.00% 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%.
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

  • NMIH's Profit Margin of 55.05% is amongst the best of the industry. NMIH outperforms 95.00% of its industry peers.
  • In the last couple of years the Profit Margin of NMIH has grown nicely.
  • The Operating Margin of NMIH (74.78%) is better than 96.00% 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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5

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.
  • 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

  • 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.
  • NMIH has a better Debt to FCF ratio (1.01) than 82.00% 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.
  • With a decent Debt to Equity ratio value of 0.16, NMIH is doing good in the industry, outperforming 70.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 1.01
Altman-Z N/A
ROIC/WACC1.27
WACC8.63%
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

4

3. NMIH Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 4.47% over the past year.
  • NMIH shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.31% yearly.
  • NMIH shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.52%.
  • NMIH shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.27% yearly.
EPS 1Y (TTM)4.47%
EPS 3Y13.14%
EPS 5Y17.31%
EPS Q2Q%0%
Revenue 1Y (TTM)8.52%
Revenue growth 3Y10.52%
Revenue growth 5Y10.27%
Sales Q2Q%22.84%

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 7.47% on average per year.
  • The Revenue is expected to grow by 4.51% on average over the next years.
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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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8

4. NMIH Valuation Analysis

4.1 Price/Earnings Ratio

  • NMIH is valuated cheaply with a Price/Earnings ratio of 7.58.
  • Compared to the rest of the industry, the Price/Earnings ratio of NMIH indicates a somewhat cheap valuation: NMIH is cheaper than 75.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.64, NMIH is valued rather cheaply.
  • A Price/Forward Earnings ratio of 6.64 indicates a rather cheap valuation of NMIH.
  • Based on the Price/Forward Earnings ratio, NMIH is valued cheaply inside the industry as 81.00% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of NMIH to the average of the S&P500 Index (21.36), we can say NMIH is valued rather cheaply.
Industry RankSector Rank
PE 7.58
Fwd PE 6.64
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

  • Based on the Enterprise Value to EBITDA ratio, NMIH is valued cheaper than 90.00% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, NMIH is valued cheaper than 87.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.87
EV/EBITDA 5.94
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 decent profitability rating of NMIH may justify a higher PE ratio.
PEG (NY)1.13
PEG (5Y)0.44
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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NMIH Fundamentals: All Metrics, Ratios and Statistics

NMI HOLDINGS INC

NASDAQ:NMIH (5/1/2026, 8:00:02 PM)

After market: 37.21 0 (0%)

37.21

-1.5 (-3.87%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Industry Strength39.13
Industry Growth65.22
Earnings (Last)04-30
Earnings (Next)07-27
Inst Owners100.36%
Inst Owner Change-0.45%
Ins Owners1.75%
Ins Owner Change-9.33%
Market Cap2.83B
Revenue(TTM)706.44M
Net Income(TTM)388.93M
Analysts80
Price Target44.3 (19.05%)
Short Float %2.57%
Short Ratio4.55
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)-6.94%
PT rev (3m)-4.2%
EPS NQ rev (1m)0.23%
EPS NQ rev (3m)-0.84%
EPS NY rev (1m)-0.14%
EPS NY rev (3m)0.62%
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 7.58
Fwd PE 6.64
P/S 4.01
P/FCF 6.87
P/OCF 6.76
P/B 1.09
P/tB 1.09
EV/EBITDA 5.94
EPS(TTM)4.91
EY13.2%
EPS(NY)5.61
Fwd EY15.07%
FCF(TTM)5.42
FCFY14.56%
OCF(TTM)5.51
OCFY14.8%
SpS9.28
BVpS34.03
TBVpS33.99
PEG (NY)1.13
PEG (5Y)0.44
Graham Number61.3176 (64.79%)
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
WACC8.63%
ROIC/WACC1.27
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)4.47%
EPS 3Y13.14%
EPS 5Y17.31%
EPS Q2Q%0%
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%22.84%
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 5 / 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 7.58 and the Price/Book (PB) ratio is 1.09.