(NMIH) NMI Holdings - Ratings and Ratios
Mortgage Insurance, Loan Review
NMIH EPS (Earnings per Share)
NMIH Revenue
Description: NMIH NMI Holdings
NMI Holdings Inc (NASDAQ:NMIH) is a leading provider of private mortgage guaranty insurance services in the United States, catering to a diverse range of clients including national and regional mortgage banks, credit unions, and non-bank lenders. The companys primary mortgage insurance services enable lenders to mitigate risk and increase access to mortgage financing for homebuyers.
Key performance indicators (KPIs) for NMIH include its ability to generate revenue through insurance premiums, manage risk through underwriting and claims management, and maintain a strong capital position to support its insurance obligations. The companys return on equity (RoE) of 17.02% indicates a robust profitability profile. Additionally, its price-to-earnings (P/E) ratio of 8.17 and forward P/E ratio of 7.91 suggest that NMIH may be undervalued relative to its earnings potential.
From a business perspective, NMIHs outsourced loan review services provide an additional revenue stream and enable the company to leverage its expertise in mortgage lending. The companys focus on serving a broad range of mortgage lenders positions it for growth in a diverse and evolving mortgage market. As the mortgage insurance industry continues to evolve, NMIHs ability to adapt to changing market conditions and regulatory requirements will be critical to its long-term success.
To further evaluate NMIHs investment potential, it may be useful to examine additional KPIs such as its loss ratio, expense ratio, and risk-based capital (RBC) ratio, which can provide insights into the companys underwriting performance, operational efficiency, and capital adequacy. By analyzing these metrics in conjunction with the companys financial statements and industry trends, investors can gain a more comprehensive understanding of NMIHs strengths and weaknesses.
NMIH Stock Overview
| Market Cap in USD | 3,073m |
| Sub-Industry | Commercial & Residential Mortgage Finance |
| IPO / Inception | 2013-11-08 |
NMIH Stock Ratings
| Growth Rating | 46.1% |
| Fundamental | 82.2% |
| Dividend Rating | - |
| Return 12m vs S&P 500 | -16.7% |
| Analyst Rating | 4.14 of 5 |
NMIH Dividends
Currently no dividends paidNMIH Growth Ratios
| Growth Correlation 3m | -39.9% |
| Growth Correlation 12m | -15.2% |
| Growth Correlation 5y | 78.3% |
| CAGR 5y | 18.15% |
| CAGR/Max DD 5y | 0.43 |
| Sharpe Ratio 12m | 1.07 |
| Alpha | -13.67 |
| Beta | 0.555 |
| Volatility | 26.07% |
| Current Volume | 224.6k |
| Average Volume 20d | 338.6k |
| Stop Loss | 38.1 (-3.2%) |
| Signal | -1.49 |
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income (377.7m TTM) > 0 and > 6% of Revenue (6% = 40.8m TTM) |
| FCFTA 0.11 (>2.0%) and ΔFCFTA -0.98pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -22.74% (prev 9.50%; Δ -32.23pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.11 (>3.0%) and CFO 393.7m > Net Income 377.7m (YES >=105%, WARN >=100%) |
| Net Debt (-84.0m) to EBITDA (388.8m) ratio: -0.22 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.52 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (79.3m) change vs 12m ago -2.51% (target <= -2.0% for YES) |
| Gross Margin 93.31% (prev 99.36%; Δ -6.05pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 20.31% (prev 19.92%; Δ 0.39pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 13.38 (EBITDA TTM 388.8m / Interest Expense TTM 28.4m) >= 6 (WARN >= 3) |
Altman Z'' 3.63
| (A) -0.04 = (Total Current Assets 167.7m - Total Current Liabilities 322.2m) / Total Assets 3.59b |
| (B) 0.50 = Retained Earnings (Balance) 1.78b / Total Assets 3.59b |
| (C) 0.11 = EBIT TTM 380.0m / Avg Total Assets 3.35b |
| (D) 1.46 = Book Value of Equity 1.71b / Total Liabilities 1.17b |
| Total Rating: 3.63 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 82.21
| 1. Piotroski 5.50pt = 0.50 |
| 2. FCF Yield 10.59% = 5.0 |
| 3. FCF Margin 58.07% = 7.50 |
| 4. Debt/Equity 0.31 = 2.45 |
| 5. Debt/Ebitda 1.90 = 0.20 |
| 6. ROIC - WACC 4.28% = 5.34 |
| 7. RoE 16.50% = 1.38 |
| 8. Rev. Trend 99.20% = 4.96 |
| 9. Rev. CAGR 10.95% = 1.37 |
| 10. EPS Trend 94.18% = 2.35 |
| 11. EPS CAGR 11.52% = 1.15 |
What is the price of NMIH shares?
Over the past week, the price has changed by -2.47%, over one month by +3.66%, over three months by -0.30% and over the past year by -2.60%.
Is NMI Holdings a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of NMIH is around 39.90 USD . This means that NMIH is currently overvalued and has a potential downside of 1.4%.
Is NMIH a buy, sell or hold?
- Strong Buy: 3
- Buy: 2
- Hold: 2
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the NMIH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 44.1 | 12.2% |
| Analysts Target Price | 44.1 | 12.2% |
| ValueRay Target Price | 43.8 | 11.2% |
Last update: 2025-08-27 04:44
NMIH Fundamental Data Overview
CCE Cash And Equivalents = 84.0m USD (Cash And Short Term Investments, last quarter)
P/E Trailing = 8.4098
P/E Forward = 8.3682
P/S = 4.5212
P/B = 1.2932
P/EG = 1.66
Beta = 0.573
Revenue TTM = 679.6m USD
EBIT TTM = 380.0m USD
EBITDA TTM = 388.8m USD
Long Term Debt = 416.1m USD (from longTermDebt, last quarter)
Short Term Debt = 322.2m USD (from totalCurrentLiabilities, last quarter)
Debt = 738.2m USD (Calculated: Short Term 322.2m + Long Term 416.1m)
Net Debt = -84.0m USD (from netDebt column, last quarter)
Enterprise Value = 3.73b USD (3.07b + Debt 738.2m - CCE 84.0m)
Interest Coverage Ratio = 13.38 (Ebit TTM 380.0m / Interest Expense TTM 28.4m)
FCF Yield = 10.59% (FCF TTM 394.7m / Enterprise Value 3.73b)
FCF Margin = 58.07% (FCF TTM 394.7m / Revenue TTM 679.6m)
Net Margin = 55.57% (Net Income TTM 377.7m / Revenue TTM 679.6m)
Gross Margin = 93.31% ((Revenue TTM 679.6m - Cost of Revenue TTM 45.5m) / Revenue TTM)
Tobins Q-Ratio = 2.18 (Enterprise Value 3.73b / Book Value Of Equity 1.71b)
Interest Expense / Debt = 0.96% (Interest Expense 7.12m / Debt 738.2m)
Taxrate = 22.29% (from yearly Income Tax Expense: 103.3m / 463.4m)
NOPAT = 295.3m (EBIT 380.0m * (1 - 22.29%))
Current Ratio = 0.52 (Total Current Assets 167.7m / Total Current Liabilities 322.2m)
Debt / Equity = 0.31 (Debt 738.2m / last Quarter total Stockholder Equity 2.42b)
Debt / EBITDA = 1.90 (Net Debt -84.0m / EBITDA 388.8m)
Debt / FCF = 1.87 (Debt 738.2m / FCF TTM 394.7m)
Total Stockholder Equity = 2.29b (last 4 quarters mean)
RoA = 10.52% (Net Income 377.7m, Total Assets 3.59b )
RoE = 16.50% (Net Income TTM 377.7m / Total Stockholder Equity 2.29b)
RoCE = 14.05% (Ebit 380.0m / (Equity 2.29b + L.T.Debt 416.1m))
RoIC = 10.92% (NOPAT 295.3m / Invested Capital 2.70b)
WACC = 6.64% (E(3.07b)/V(3.81b) * Re(8.06%)) + (D(738.2m)/V(3.81b) * Rd(0.96%) * (1-Tc(0.22)))
Shares Correlation 5-Years: -100.0 | Cagr: -2.34%
Discount Rate = 8.06% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 79.13% ; FCFE base≈385.4m ; Y1≈409.9m ; Y5≈492.1m
Fair Price DCF = 110.8 (DCF Value 8.59b / Shares Outstanding 77.6m; 5y FCF grow 7.06% → 3.0% )
Revenue Correlation: 99.20 | Revenue CAGR: 10.95%
Rev Growth-of-Growth: -3.10
EPS Correlation: 94.18 | EPS CAGR: 11.52%
EPS Growth-of-Growth: -3.53
Additional Sources for NMIH Stock
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Fund Manager Positions: Dataroma | Stockcircle