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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.33
ESNT's Cash to Debt is ranked lower than
81% of the 1599 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.98 vs. ESNT: 0.33 )
Ranked among companies with meaningful Cash to Debt only.
ESNT' s Cash to Debt Range Over the Past 10 Years
Min: 0.33  Med: No Debt Max: No Debt
Current: 0.33
Equity to Asset 0.72
ESNT's Equity to Asset is ranked higher than
97% of the 1608 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.10 vs. ESNT: 0.72 )
Ranked among companies with meaningful Equity to Asset only.
ESNT' s Equity to Asset Range Over the Past 10 Years
Min: 0.72  Med: 0.77 Max: 0.85
Current: 0.72
0.72
0.85
Interest Coverage N/A
ESNT's Interest Coverage is ranked higher than
94% of the 1529 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.67 vs. ESNT: N/A )
Ranked among companies with meaningful Interest Coverage only.
ESNT' s Interest Coverage Range Over the Past 10 Years
Min: N/A  Med: No Debt Max: No Debt
Current: N/A
N/A
No Debt
F-Score: 4
WACC vs ROIC
10.91%
19.24%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 67.13
ESNT's Operating margin (%) is ranked higher than
95% of the 1621 Companies
in the Global Specialty Finance industry.

( Industry Median: 30.83 vs. ESNT: 67.13 )
Ranked among companies with meaningful Operating margin (%) only.
ESNT' s Operating margin (%) Range Over the Past 10 Years
Min: -438.54  Med: 7.84 Max: 67.13
Current: 67.13
-438.54
67.13
Net-margin (%) 47.61
ESNT's Net-margin (%) is ranked higher than
91% of the 1619 Companies
in the Global Specialty Finance industry.

( Industry Median: 22.44 vs. ESNT: 47.61 )
Ranked among companies with meaningful Net-margin (%) only.
ESNT' s Net-margin (%) Range Over the Past 10 Years
Min: -437.68  Med: 4.58 Max: 49.78
Current: 47.61
-437.68
49.78
ROE (%) 17.22
ESNT's ROE (%) is ranked higher than
86% of the 1619 Companies
in the Global Specialty Finance industry.

( Industry Median: 8.54 vs. ESNT: 17.22 )
Ranked among companies with meaningful ROE (%) only.
ESNT' s ROE (%) Range Over the Past 10 Years
Min: -38.12  Med: 2.7 Max: 17.22
Current: 17.22
-38.12
17.22
ROA (%) 12.90
ESNT's ROA (%) is ranked higher than
99% of the 1627 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.89 vs. ESNT: 12.90 )
Ranked among companies with meaningful ROA (%) only.
ESNT' s ROA (%) Range Over the Past 10 Years
Min: -31.95  Med: 8.7 Max: 12.9
Current: 12.9
-31.95
12.9
Revenue Growth (3Y)(%) 44.90
ESNT's Revenue Growth (3Y)(%) is ranked higher than
98% of the 1340 Companies
in the Global Specialty Finance industry.

( Industry Median: 3.30 vs. ESNT: 44.90 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
ESNT' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: 0 Max: 44.9
Current: 44.9
0
44.9
EBITDA Growth (3Y)(%) 324.50
ESNT's EBITDA Growth (3Y)(%) is ranked higher than
100% of the 1229 Companies
in the Global Specialty Finance industry.

( Industry Median: 5.90 vs. ESNT: 324.50 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
ESNT' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: 0 Max: 324.5
Current: 324.5
0
324.5
GuruFocus has detected 2 Warning Signs with Essent Group Ltd $ESNT.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» ESNT's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

ESNT Guru Trades in Q1 2016

Signature Select Canadian Fund 111,400 sh (New)
Jeremy Grantham 191,500 sh (New)
Jim Simons 610,200 sh (+95.95%)
Joel Greenblatt 12,195 sh (+15.67%)
RS Investment Management 2,689,712 sh (+0.15%)
Jerome Dodson 800,000 sh (unchged)
George Soros 1,481,278 sh (unchged)
Ron Baron Sold Out
Louis Moore Bacon Sold Out
Paul Tudor Jones Sold Out
» More
Q2 2016

ESNT Guru Trades in Q2 2016

Jeremy Grantham 387,961 sh (+102.59%)
Jim Simons 666,800 sh (+9.28%)
George Soros 1,481,278 sh (unchged)
Jerome Dodson 800,000 sh (unchged)
Joel Greenblatt 10,015 sh (-17.88%)
RS Investment Management 2,109,600 sh (-21.57%)
» More
Q3 2016

ESNT Guru Trades in Q3 2016

Ron Baron 604,274 sh (New)
Paul Tudor Jones 14,848 sh (New)
Jim Simons 841,200 sh (+26.15%)
Joel Greenblatt 10,271 sh (+2.56%)
Signature Select Canadian Fund Sold Out
George Soros Sold Out
Jeremy Grantham 290,789 sh (-25.05%)
Jerome Dodson 550,000 sh (-31.25%)
» More
Q4 2016

ESNT Guru Trades in Q4 2016

Jerome Dodson 500,000 sh (-9.09%)
» More
» Details

Insider Trades

Latest Guru Trades with ESNT

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Banks » Specialty Finance  
Compare:NYSE:HTH, OTCPK:FMCC, NYSE:NSM, OTCPK:FNMA, OTCPK:HMCBF, NYSE:SC, NAS:TREE, NYSE:HTGC, NYSE:WD, NYSE:GSBD, NYSE:OCN, NYSE:EFC, NYSE:PFSI, NYSE:AI, NAS:ATAX, NAS:MRLN, NAS:MRCC, AMEX:IMH, OTCPK:CXSNF, NYSE:SGM » details
Traded in other countries:EG0.Germany,
Essent Group Ltd provides credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage in the event of a default.

Essent Group Ltd was organized as a limited liability company under the laws of Bermuda on July 1, 2008. The Company is a private mortgage insurance company. The Company provides credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage in the event of a default. In doing so, it provides private capital to mitigate mortgage credit risk, allowing lenders to make additional mortgage financing available to prospective homeowners. The Company's products and services include Mortgage Insurance, Master Policy and Clarity of Coverage Endorsement, Contract Underwriting, and Triad Services. The Mortgage Insurance includes two principal types of private mortgage insurance, primary and pool. Primary Mortgage Insurance and Pool Insurance. Primary mortgage insurance provides protection on individual loans at specified coverage percentages. Primary mortgage insurance is typically offered to customers on individual loans at the time of origination on a flow basis. Substantially all of its policies are primary mortgage insurance. Pool insurance is typically used to provide additional credit enhancement for certain secondary market mortgage transactions. Pool insurance generally covers the excess of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage, if such loan has primary coverage, as well as the total loss on a defaulted mortgage loan that did not have primary coverage. The master policy sets forth the general terms and conditions of its mortgage insurance coverage, including loan eligibility requirements, coverage term, policy administration, payment processing, and exclusions or reductions in coverage. Mortgage insurance master policies generally protect mortgage insurers from the risk of material misrepresentations and fraud in the origination of an insured loan through remedies including the right to rescind coverage. Contract Underwriting includes assessing whether data provided by the customer relating to a mortgage application complies with the customer's loan underwriting guidelines. These services are provided for loans that require private mortgage insurance, as well as for loans that do not require private mortgage insurance. Triad Services include retaining the obligation for all risks insured under its existing insurance contracts and will continue to directly manage loss mitigation and claim activity on its insured business. Its customers consist of originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions and other lenders. The Company's competitors include CMG Mortgage Insurance Company, Genworth Financial Inc., Mortgage Guaranty Insurance Corporation, National Mortgage Insurance Corporation, Radian Guaranty Inc. and United Guaranty Corporation. The Company is subject to comprehensive, detailed regulation by Federal regulators and state insurance departments.

Guru Investment Theses on Essent Group Ltd

Jerome Dodson Comments on Essent Group - Nov 01, 2016

Mortgage-insurer Essent Group (NYSE:ESNT) gained 22.0% from $21.81 to $26.61, contributing 53 basis points to the Fund’s return. The stock rallied, as the company reported a 20% increase in new insurance written and a 40% surge in earnings per share. This growth was generated by low interest rates, which caused a pick-up in mortgage originations, and a healthy housing market, which helped loan losses decline.

From Jerome Dodson (Trades, Portfolio)'s Parnassus Fund third-quarter 2016 commentary.

Check out Jerome Dodson latest stock trades

Top Ranked Articles about Essent Group Ltd

Jerome Dodson Comments on Essent Group Guru stock highlight
Mortgage-insurer Essent Group (NYSE:ESNT) gained 22.0% from $21.81 to $26.61, contributing 53 basis points to the Fund’s return. The stock rallied, as the company reported a 20% increase in new insurance written and a 40% surge in earnings per share. This growth was generated by low interest rates, which caused a pick-up in mortgage originations, and a healthy housing market, which helped loan losses decline. Read more...
Jerome Dodson Trims Essent Group Company is close to its 3-year high in price
Guru Jerome Dodson (Trades, Portfolio) reduced his stake in the Essent Group (NYSE:ESNT), removing 250,000 shares from his portfolio at an average price of $25.34 per share during the third quarter. Dodson purchased his initial stake in the Essent Group during the fourth quarter of 2015. Since then, the company’s market price has gained an estimated 13%. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 14.72
ESNT's P/E(ttm) is ranked lower than
51% of the 1490 Companies
in the Global Specialty Finance industry.

( Industry Median: 14.41 vs. ESNT: 14.72 )
Ranked among companies with meaningful P/E(ttm) only.
ESNT' s P/E(ttm) Range Over the Past 10 Years
Min: 9.97  Med: 16.58 Max: 1053
Current: 14.72
9.97
1053
Forward P/E 11.66
ESNT's Forward P/E is ranked higher than
73% of the 360 Companies
in the Global Specialty Finance industry.

( Industry Median: 15.55 vs. ESNT: 11.66 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 14.72
ESNT's PE(NRI) is ranked lower than
51% of the 1487 Companies
in the Global Specialty Finance industry.

( Industry Median: 14.49 vs. ESNT: 14.72 )
Ranked among companies with meaningful PE(NRI) only.
ESNT' s PE(NRI) Range Over the Past 10 Years
Min: 9.97  Med: 16.58 Max: 1053
Current: 14.72
9.97
1053
P/B 2.35
ESNT's P/B is ranked lower than
89% of the 1602 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.16 vs. ESNT: 2.35 )
Ranked among companies with meaningful P/B only.
ESNT' s P/B Range Over the Past 10 Years
Min: 1.42  Med: 2.28 Max: 3.01
Current: 2.35
1.42
3.01
P/S 7.02
ESNT's P/S is ranked lower than
88% of the 1580 Companies
in the Global Specialty Finance industry.

( Industry Median: 3.43 vs. ESNT: 7.02 )
Ranked among companies with meaningful P/S only.
ESNT' s P/S Range Over the Past 10 Years
Min: 4.42  Med: 5.79 Max: 9.14
Current: 7.02
4.42
9.14
PFCF 11.60
ESNT's PFCF is ranked higher than
54% of the 797 Companies
in the Global Specialty Finance industry.

( Industry Median: 12.75 vs. ESNT: 11.60 )
Ranked among companies with meaningful PFCF only.
ESNT' s PFCF Range Over the Past 10 Years
Min: 6.22  Med: 9.09 Max: 14.62
Current: 11.6
6.22
14.62
POCF 11.43
ESNT's POCF is ranked lower than
51% of the 891 Companies
in the Global Specialty Finance industry.

( Industry Median: 10.98 vs. ESNT: 11.43 )
Ranked among companies with meaningful POCF only.
ESNT' s POCF Range Over the Past 10 Years
Min: 6.08  Med: 8.88 Max: 14.25
Current: 11.43
6.08
14.25
EV-to-EBIT 10.18
ESNT's EV-to-EBIT is ranked higher than
60% of the 1210 Companies
in the Global Specialty Finance industry.

( Industry Median: 12.67 vs. ESNT: 10.18 )
Ranked among companies with meaningful EV-to-EBIT only.
ESNT' s EV-to-EBIT Range Over the Past 10 Years
Min: -1.8  Med: 10.7 Max: 23.4
Current: 10.18
-1.8
23.4
EV-to-EBITDA 10.06
ESNT's EV-to-EBITDA is ranked higher than
56% of the 1217 Companies
in the Global Specialty Finance industry.

( Industry Median: 11.34 vs. ESNT: 10.06 )
Ranked among companies with meaningful EV-to-EBITDA only.
ESNT' s EV-to-EBITDA Range Over the Past 10 Years
Min: -1.7  Med: 10.6 Max: 22.7
Current: 10.06
-1.7
22.7

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -34.10
ESNT's 3-Year Average Share Buyback Ratio is ranked lower than
94% of the 1039 Companies
in the Global Specialty Finance industry.

( Industry Median: -2.10 vs. ESNT: -34.10 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
ESNT' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -34.1  Med: 0 Max: 0
Current: -34.1
-34.1
0

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.32
ESNT's Price/Tangible Book is ranked lower than
84% of the 1595 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.23 vs. ESNT: 2.32 )
Ranked among companies with meaningful Price/Tangible Book only.
ESNT' s Price/Tangible Book Range Over the Past 10 Years
Min: 1.63  Med: 2.24 Max: 2.88
Current: 2.32
1.63
2.88
Price/Median PS Value 1.21
ESNT's Price/Median PS Value is ranked lower than
57% of the 1458 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.14 vs. ESNT: 1.21 )
Ranked among companies with meaningful Price/Median PS Value only.
ESNT' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.86  Med: 0.99 Max: 1.58
Current: 1.21
0.86
1.58
Price/Graham Number 1.23
ESNT's Price/Graham Number is ranked lower than
68% of the 1405 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.95 vs. ESNT: 1.23 )
Ranked among companies with meaningful Price/Graham Number only.
ESNT' s Price/Graham Number Range Over the Past 10 Years
Min: 0.88  Med: 1.31 Max: 10.05
Current: 1.23
0.88
10.05
Earnings Yield (Greenblatt) (%) 9.80
ESNT's Earnings Yield (Greenblatt) (%) is ranked higher than
69% of the 1598 Companies
in the Global Specialty Finance industry.

( Industry Median: 5.70 vs. ESNT: 9.80 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
ESNT' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 4.3  Med: 8.05 Max: 15.6
Current: 9.8
4.3
15.6

More Statistics

Revenue (TTM) (Mil) $429.4
EPS (TTM) $ 2.23
Beta1.14
Short Percentage of Float1.81%
52-Week Range $16.49 - 33.94
Shares Outstanding (Mil)93.11

Analyst Estimate

Dec16 Dec17
Revenue (Mil $) 453 521
EPS ($) 2.38 2.73
EPS w/o NRI ($) 2.38 2.73
EPS Growth Rate
(3Y to 5Y Estimate)
N/A
Dividends Per Share ($)
» More Articles for ESNT

Headlines

Articles On GuruFocus.com
Insiders Roundup: Southern National Bancorp of Virginia Tops List Jan 06 2017 
Jerome Dodson Comments on Essent Group Nov 01 2016 
Jerome Dodson Trims Essent Group Oct 19 2016 
Insider Buys and Sells of the Week Jul 10 2016 
Kyle Bass Thinks that a Nonbank Mortgage Servicer Is More Effective than Banks Mar 17 2014 
Baron Funds Comments on Essent Group Ltd. Feb 24 2014 
Bearish George Soros' 5 New Large Positions of Quarter Four Feb 20 2014 

More From Other Websites
Essent Group Ltd. Schedules Fourth Quarter Earnings Conference Call on February 10, 2017 Jan 18 2017
Essent Group Ltd (ESNT) Chairman, CEO and President Mark Casale Sold $8.1 million of Shares Jan 04 2017
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Essent and PCLender Team-Up to Provide Streamlined MI Origination and Quotes through LOS Dec 15 2016
Will Essent Group (ESNT) Continue to Surge Higher? Dec 09 2016
Is Essent Group Ltd (ESNT) Going to Burn These Hedge Funds? Dec 05 2016
Is Essent Group (ESNT) a Great Growth Stock? Dec 01 2016
Essent Group Ltd. CEO to Present at the J.P. Morgan 2016 FinTech & Specialty Finance Forum Nov 23 2016
Essent Group (ESNT): Strong Industry, Solid Earnings Estimate Revisions Nov 14 2016
ESSENT GROUP LTD. Financials Nov 10 2016
ETF’s with exposure to Essent Group Ltd. : November 10, 2016 Nov 10 2016
Is Essent Group (ESNT) a Great Growth Stock? Nov 10 2016
Essent Group Ltd. :ESNT-US: Earnings Analysis: Q3, 2016 By the Numbers : November 9, 2016 Nov 09 2016
Ocwen Financial to Lay Off 54 Employees in Fort Washington Nov 09 2016
Stocks Eke Out Gains; Small Caps Lead; Big Quarter Lifts Stamps.com Nov 04 2016
Q3 2016 Essent Group Ltd Earnings Release - Before Market Open Nov 04 2016
Essent Group Ltd. Reports Third Quarter 2016 Results Nov 04 2016
ESSENT GROUP LTD. Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Nov 04 2016
Essent Group Ltd. Reports Third Quarter 2016 Results Nov 04 2016

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