image
NMI Holdings, Inc. NMIH
Financial Services - Insurance - Specialty - NASDAQ - US
Watchlist
$ 32.79
-3.07 %
$ 2.57 B
Market Cap
7.4
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one NMIH stock under the worst case scenario is HIDDEN Compared to the current market price of 32.8 USD, NMI Holdings, Inc. is HIDDEN

NMIH Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one NMIH stock under the base case scenario is HIDDEN Compared to the current market price of 32.8 USD, NMI Holdings, Inc. is HIDDEN

NMIH Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one NMIH stock under the best case scenario is HIDDEN Compared to the current market price of 32.8 USD, NMI Holdings, Inc. is HIDDEN

NMIH Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart NMIH

image
1M -8%
6M -27%
1Y 9%
3Y 72%
5Y 223%
All
$42.0$42.0$41.0$41.0$40.0$40.0$39.0$39.0$38.0$38.0$37.0$37.0$36.0$36.0$35.0$35.0$34.0$34.0$33.0$33.0$32.0$32.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
651 M REVENUE
12.43%
Growth Rates
1Year 12.43%
3Years 10.26%
5Years 11.96%
7Years 20.29%
10Years 40.19%
463 M OPERATING INCOME
12.29%
Growth Rates
1Year 12.29%
3Years 16.02%
5Years 16.42%
7Years 36.39%
10Years 27.14%
360 M NET INCOME
11.80%
Growth Rates
1Year 11.80%
3Years 15.93%
5Years 15.93%
7Years 49.04%
10Years 25.07%
394 M OPERATING CASH FLOW
14.86%
Growth Rates
1Year 14.86%
3Years 6.51%
5Years 13.59%
7Years 28.57%
10Years 35.42%
-339 M INVESTING CASH FLOW
-69.64%
Growth Rates
1Year -69.64%
3Years 3.21%
5Years -11.79%
7Years -20.30%
10Years -19.59%
-96.7 M FINANCING CASH FLOW
-6.94%
Growth Rates
1Year -6.94%
3Years -275.25%
5Years -118.10%
7Years -62.43%
10Years -142.07%
167 M REVENUE
0.25%
Growth Rates
1Year 12.43%
3Years 10.26%
5Years 11.96%
7Years 20.29%
10Years 40.19%
111 M OPERATING INCOME
-7.08%
Growth Rates
1Year 12.29%
3Years 16.02%
5Years 16.42%
7Years 36.39%
10Years 27.14%
86.2 M NET INCOME
-7.16%
Growth Rates
1Year 11.80%
3Years 15.93%
5Years 15.93%
7Years 49.04%
10Years 25.07%
35.8 M OPERATING CASH FLOW
-72.11%
Growth Rates
1Year 14.86%
3Years 6.51%
5Years 13.59%
7Years 28.57%
10Years 35.42%
-86.1 M INVESTING CASH FLOW
-111.15%
Growth Rates
1Year -69.64%
3Years 3.21%
5Years -11.79%
7Years -20.30%
10Years -19.59%
-28.7 M FINANCING CASH FLOW
-69.43%
Growth Rates
1Year -6.94%
3Years -275.25%
5Years -118.10%
7Years -62.43%
10Years -142.07%
Balance Sheet NMI Holdings, Inc.
image
Current Assets 54.2 M
Cash & Short-Term Investments 54.2 M
Receivables 0
Other Current Assets 0
Non-Current Assets 3.3 B
Long-Term Investments 0
PP&E 33.9 M
Other Non-Current Assets 3.26 B
97.37 %Total Assets$3.3b
Current Liabilities 15.6 M
Accounts Payable 0
Short-Term Debt 0
Other Current Liabilities 15.6 M
Non-Current Liabilities 1.12 B
Long-Term Debt 415 M
Other Non-Current Liabilities 702 M
36.66 %61.97 %Total Liabilities$1.1b
EFFICIENCY
Earnings Waterfall NMI Holdings, Inc.
image
Revenue 651 M
Cost Of Revenue 0
Gross Profit 651 M
Operating Expenses 188 M
Operating Income 463 M
Other Expenses 103 M
Net Income 360 M
700m700m600m600m500m500m400m400m300m300m200m200m100m100m00651m0651m(188m)463m(103m)360mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
100.00% GROSS MARGIN
100.00%
Averages
1Year 100.00%
3Years 100.00%
5Years 100.00%
7Years 100.00%
10Years 100.00%
71.19% OPERATING MARGIN
71.19%
Averages
1Year 71.19%
3Years 71.47%
5Years 65.10%
7Years 61.96%
10Years 42.26%
55.32% NET MARGIN
55.32%
Averages
1Year 55.32%
3Years 55.60%
5Years 50.74%
7Years 48.52%
10Years 35.44%
16.24% ROE
16.24%
Averages
1Year 16.24%
3Years 17.04%
5Years 15.68%
7Years 16.04%
10Years 12.32%
10.75% ROA
10.75%
Averages
1Year 10.75%
3Years 11.12%
5Years 10.14%
7Years 10.45%
10Years 7.91%
10.80% ROIC
10.80%
Averages
1Year 10.80%
3Years 11.14%
5Years 10.16%
7Years 10.47%
10Years 7.91%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis NMI Holdings, Inc.
image
400m400m350m350m300m300m250m250m200m200m150m150m100m100m50m50m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 360 M
Depreciation & Amortization 10.9 M
Capital Expenditures 0
Stock-Based Compensation 19.8 M
Change in Working Capital -87 M
Others -77.9 M
Free Cash Flow 394 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets NMI Holdings, Inc.
image
Wall Street analysts predict an average 1-year price target for NMIH of $41 , with forecasts ranging from a low of $34 to a high of $48 .
NMIH Lowest Price Target Wall Street Target
34 USD 3.69%
NMIH Average Price Target Wall Street Target
41 USD 25.04%
NMIH Highest Price Target Wall Street Target
48 USD 46.39%
Price
Max Price Target
Min Price Target
Average Price Target
4848464644444242404038383636343432323030May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 9
6. Ownership
Insider Ownership NMI Holdings, Inc.
image
Sold
0-3 MONTHS
1.41 M USD 3
3-6 MONTHS
0 USD 0
6-9 MONTHS
2.22 M USD 3
9-12 MONTHS
78 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
NMIH Stock Lags Industry, Trades at Discount: Time to Buy the Dip? NMI Holdings is well-positioned for growth, with new primary insurance written, direct primary insurance in force and a better risk-based capital ratio. zacks.com - 2 weeks ago
NMIH Stock Trading at a Discount to Industry at 1.3X: Time to Hold? NMI Holdings stock is poised to gain from higher new insurance written volume, a comprehensive reinsurance program, financial flexibility and prudent capital deployment. zacks.com - 1 month ago
NMI Holdings Q4 Earnings and Revenues Miss Estimates, Premiums Up Y/Y NMIH's fourth-quarter results reflect higher premiums and net investment income but lower persistency. zacks.com - 2 months ago
NMI Holdings, Inc. (NMIH) Q4 2024 Earnings Call Transcript NMI Holdings, Inc. (NASDAQ:NMIH ) Q4 2024 Earnings Conference Call February 6, 2025 5:00 PM ET Company Participants John Swenson - Vice President of Investor Relations, and Treasury Brad Shuster - Executive Chairman Adam Pollitzer - President and Chief Executive Officer Aurora Swithenbank - Chief Financial Officer Conference Call Participants Doug Harter - UBS Terry Ma - Barclays Capital Bose George - KBW Rick Shane - J.P. Morgan Mark Hughes - Truist Securities Mihir Bhatia - Bank of America Operator Good day, and welcome to the NMI Holdings, Inc. Fourth Quarter 2024 Earnings Conference Call. seekingalpha.com - 2 months ago
NMI Holdings (NMIH) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates The headline numbers for NMI Holdings (NMIH) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 2 months ago
NMI Holdings (NMIH) Lags Q4 Earnings and Revenue Estimates NMI Holdings (NMIH) came out with quarterly earnings of $1.07 per share, missing the Zacks Consensus Estimate of $1.11 per share. This compares to earnings of $1.01 per share a year ago. zacks.com - 2 months ago
NMI Holdings, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results; Announces Additional $250 Million Share Repurchase Authorization EMERYVILLE, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $86.2 million, or $1.07 per diluted share, for the fourth quarter ended December 31, 2024, which compares to $92.8 million, or $1.15 per diluted share, for the third quarter ended September 30, 2024 and $83.4 million, or $1.01 per diluted share, for the fourth quarter ended December 31, 2023. Adjusted net income for the quarter was $86.1 million, or $1.07 per diluted share, which compares to $92.8 million, or $1.15 per diluted share, for the third quarter ended September 30, 2024 and $83.4 million, or $1.01 per diluted share, for the fourth quarter ended December 31, 2023. globenewswire.com - 2 months ago
NMI Holdings, Inc. to Announce Fourth Quarter and Full Year 2024 Financial Results on February 6, 2025 EMERYVILLE, Calif., Jan. 23, 2025 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQ: NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its fourth quarter and full year ended December 31, 2024 after the market close on Thursday, February 6, 2025. globenewswire.com - 2 months ago
NMI Holdings Stock Trades Above 50-Day SMA: What Should Investors Do? NMIH stock is poised to gain from higher new insurance written volume, a comprehensive reinsurance program, financial flexibility and prudent capital deployment. zacks.com - 2 months ago
Undercovered Dozen: Lincoln National, Whitecap Resources, NMI Holdings, Healwell AI + The 'Undercovered' Dozen series highlights lesser-covered stocks, providing investment ideas and encouraging discussions on their potential. Arcus Biosciences is seen as a "Strong Buy" due to its promising oncology combo therapies and partnerships with Gilead and AstraZeneca. Edmund Ingham sees Sarepta Therapeutics, despite past valuation concerns, as a "Buy" with potential for >50% gain by YE25, driven by Elevidys and ongoing clinical programs. seekingalpha.com - 3 months ago
NMI Holdings: Excellent Relative Value, Buy I recommend National Mortgage Insurance over fintech Upstart due to stark valuation disparities reminiscent of past market bubbles. National Mortgage boasts a 13% earnings yield and a P/E ratio of 7.8, significantly undervalued compared to the S&P 500 and Upstart. The company's strong credit protections and low risk of mortgage defaults make it a safer investment. seekingalpha.com - 3 months ago
Here's Why NMI Holdings (NMIH) is a Strong Value Stock Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores. zacks.com - 3 months ago
8. Profile Summary

NMI Holdings, Inc. NMIH

image
COUNTRY US
INDUSTRY Insurance - Specialty
MARKET CAP $ 2.57 B
Dividend Yield 0.00%
Description 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.
Contact 2100 Powell Street, EmeryVille, CA, 94608 https://www.nationalmi.com
IPO Date Nov. 8, 2013
Employees 230
Officers Nicholas Daniel Realmuto Controller Mr. Andrew Greenberg Senior Vice President of Finance Mr. Adam S. Pollitzer President, Chief Executive Officer & Director Mr. Bradley Mize Shuster C.F.A. Executive Chairman