NMIH - NASDAQ

NMI Holdings, Inc.

NMI Holdings, Inc.

NMIHยทNASDAQ

$35.42

-0.31%
Financial ServicesInsurance - Specialty

NMI Holdings, Inc. provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders. NMI Holdings, Inc. was incorporated in 2011 and is headquartered in Emeryville, California.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$2.69B
EPS5.0100
P/E Ratio7.07
Earnings Date08/04/2026
NMI Holdings, Inc.

NMI Holdings, Inc. Fair Value Envelope

NMIH ยท NASDAQ

Our analysis suggests that NMIH has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $35.42, this represents a potential HIDDEN relative to our calculated worth for NMI Holdings, Inc..

HIDDEN
Intrinsic Value
Current Price: $35.42

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$10.2B
+ Cash & Equivalents$43.9M
Firm Value$10.2B
- Debt$417.0M
Equity Value$9.8B
/ Shares Outstanding76,867,928B
DCF Value$128
UNDERVALUED BY 261%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$447.3M
$477.2M
$509.0M
$543.0M
$579.3M
$617.9M
$659.2M
$703.2M
$750.2M
$800.2M
Maintenance CapEx
-$1.4M
-$1.5M
-$1.6M
-$1.8M
-$1.9M
-$2.0M
-$2.1M
-$2.3M
-$2.4M
-$2.6M
Owner Earnings
$445.8M
$475.6M
$507.4M
$541.2M
$577.4M
$615.9M
$657.1M
$700.9M
$747.7M
$797.7M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$412.8M
$407.8M
$402.8M
$397.8M
$393.0M
$388.1M
$383.4M
$378.7M
$374.1M
$369.5M
Terminal Value represents 61.6% of Enterprise Value

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