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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 : 5/10

vs
industry
vs
history
Cash-to-Debt 0.13
NMIH's Cash-to-Debt is ranked lower than
90% of the 130 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 4.19 vs. NMIH: 0.13 )
Ranked among companies with meaningful Cash-to-Debt only.
NMIH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13  Med: 5000.2 Max: No Debt
Current: 0.13
0.13
No Debt
Equity-to-Asset 0.57
NMIH's Equity-to-Asset is ranked higher than
92% of the 131 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.25 vs. NMIH: 0.57 )
Ranked among companies with meaningful Equity-to-Asset only.
NMIH' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.57  Med: 0.75 Max: 0.96
Current: 0.57
0.57
0.96
Debt-to-Equity 0.28
NMIH's Debt-to-Equity is ranked lower than
63% of the 78 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.24 vs. NMIH: 0.28 )
Ranked among companies with meaningful Debt-to-Equity only.
NMIH' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.15  Med: 0.29 Max: 0.36
Current: 0.28
-0.15
0.36
Debt-to-EBITDA 1.97
NMIH's Debt-to-EBITDA is ranked lower than
71% of the 72 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.62 vs. NMIH: 1.97 )
Ranked among companies with meaningful Debt-to-EBITDA only.
NMIH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -6.9  Med: 1.97 Max: 4.52
Current: 1.97
-6.9
4.52
Interest Coverage 3.90
NMIH's Interest Coverage is ranked lower than
92% of the 117 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 32.41 vs. NMIH: 3.90 )
Ranked among companies with meaningful Interest Coverage only.
NMIH' s Interest Coverage Range Over the Past 10 Years
Min: 0.77  Med: No Debt Max: No Debt
Current: 3.9
0.77
No Debt
WACC vs ROIC
10.57%
3.85%
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 : 2/10

vs
industry
vs
history
Operating Margin % 29.55
NMIH's Operating Margin % is ranked higher than
93% of the 131 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 7.89 vs. NMIH: 29.55 )
Ranked among companies with meaningful Operating Margin % only.
NMIH' s Operating Margin % Range Over the Past 10 Years
Min: -9679.93  Med: -140.52 Max: 29.55
Current: 29.55
-9679.93
29.55
Net Margin % 12.34
NMIH's Net Margin % is ranked higher than
96% of the 131 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 6.47 vs. NMIH: 12.34 )
Ranked among companies with meaningful Net Margin % only.
NMIH' s Net Margin % Range Over the Past 10 Years
Min: -9679.93  Med: -135.15 Max: 52.5
Current: 12.34
-9679.93
52.5
ROE % 4.46
NMIH's ROE % is ranked higher than
90% of the 131 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 9.09 vs. NMIH: 4.46 )
Ranked among companies with meaningful ROE % only.
NMIH' s ROE % Range Over the Past 10 Years
Min: -11.59  Med: -8.85 Max: 14.57
Current: 4.46
-11.59
14.57
ROA % 2.55
NMIH's ROA % is ranked higher than
97% of the 131 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 2.15 vs. NMIH: 2.55 )
Ranked among companies with meaningful ROA % only.
NMIH' s ROA % Range Over the Past 10 Years
Min: -10.78  Med: -7.54 Max: 8.52
Current: 2.55
-10.78
8.52
3-Year Revenue Growth Rate 96.10
NMIH's 3-Year Revenue Growth Rate is ranked higher than
98% of the 125 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 6.90 vs. NMIH: 96.10 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NMIH' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: 123.45 Max: 413.2
Current: 96.1
0
413.2
GuruFocus has detected 4 Warning Signs with NMI Holdings Inc NMIH.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NMIH's 30-Y Financials

Financials (Next Earnings Date: 2018-05-15 Est.)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2017

NMIH Guru Trades in Q1 2017

Howard Marks 5,816,443 sh (unchged)
Jim Simons 1,980,718 sh (-10.69%)
Chuck Royce 232,481 sh (-11.40%)
» More
Q2 2017

NMIH Guru Trades in Q2 2017

Chuck Royce 246,481 sh (+6.02%)
Jim Simons 2,024,900 sh (+2.23%)
Howard Marks 5,816,443 sh (unchged)
» More
Q3 2017

NMIH Guru Trades in Q3 2017

Chuck Royce 299,751 sh (+21.61%)
Howard Marks 5,816,443 sh (unchged)
Jim Simons 1,922,400 sh (-5.06%)
» More
Q4 2017

NMIH Guru Trades in Q4 2017

PRIMECAP Management 50,000 sh (New)
Jim Simons 2,029,453 sh (+5.57%)
Howard Marks 5,681,992 sh (-2.31%)
Chuck Royce 275,636 sh (-8.05%)
» More
» Details

Insider Trades

Latest Guru Trades with NMIH

(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: Insurance - Property & Casualty » Insurance - Property & Casualty    NAICS: 524126    SIC: 6351
Compare:NYSE:STC, NAS:KNSL, NYSE:UVE, NAS:UFCS, BKK:BKI, NAS:SNC, NAS:IPCC, NAS:JRVR, NAS:AMSF, MEX:Q, XKRX:000370, NAS:SAFT, NAS:STFC, NAS:GBLI, NAS:UIHC, NYSE:MBI, NAS:EMCI, NAS:NAVG, TSE:8715, NYSE:HRTG » details
Traded in other countries:6NM.Germany,
Headquarter Location:USA
NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. The company offers two types of mortgage insurance; Primary mortgage insurance and Pool insurance.

NMI Holdings Inc a Delaware corporation incorporated in May 2011. It provides private mortgage guaranty insurance through its wholly owned insurance subsidiaries. The company offers two types of mortgage insurance; Primary mortgage insurance and Pool insurance. It protects mortgage lenders from all or a portion of default-related losses on residential mortgage loans made to home buyers who generally make down payments of less than 20% of the home's purchase price. Its competition includes other private mortgage insurers, governmental agencies that sponsor government-backed mortgage insurance programs and other alternatives designed to eliminate the need for private mortgage insurance, such as piggy-back loans or risk sharing arrangements that do not include MI.

Ratios

vs
industry
vs
history
PE Ratio 58.60
NMIH's PE Ratio is ranked higher than
64% of the 109 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 16.22 vs. NMIH: 58.60 )
Ranked among companies with meaningful PE Ratio only.
NMIH' s PE Ratio Range Over the Past 10 Years
Min: 7.55  Med: 9.74 Max: 60.28
Current: 58.6
7.55
60.28
Forward PE Ratio 14.25
NMIH's Forward PE Ratio is ranked higher than
70% of the 46 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 15.22 vs. NMIH: 14.25 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 58.60
NMIH's PE Ratio without NRI is ranked higher than
66% of the 111 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 16.28 vs. NMIH: 58.60 )
Ranked among companies with meaningful PE Ratio without NRI only.
NMIH' s PE Ratio without NRI Range Over the Past 10 Years
Min: 7.55  Med: 9.74 Max: 60.28
Current: 58.6
7.55
60.28
Price-to-Owner-Earnings 90.59
NMIH's Price-to-Owner-Earnings is ranked lower than
63% of the 84 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 11.38 vs. NMIH: 90.59 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
NMIH' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 5.35  Med: 8.23 Max: 93.14
Current: 90.59
5.35
93.14
PB Ratio 2.51
NMIH's PB Ratio is ranked lower than
79% of the 131 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.35 vs. NMIH: 2.51 )
Ranked among companies with meaningful PB Ratio only.
NMIH' s PB Ratio Range Over the Past 10 Years
Min: 0.66  Med: 1.23 Max: 2.59
Current: 2.51
0.66
2.59
PS Ratio 7.33
NMIH's PS Ratio is ranked lower than
95% of the 131 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.15 vs. NMIH: 7.33 )
Ranked among companies with meaningful PS Ratio only.
NMIH' s PS Ratio Range Over the Past 10 Years
Min: 3.61  Med: 7.02 Max: 103.97
Current: 7.33
3.61
103.97
Price-to-Free-Cash-Flow 22.11
NMIH's Price-to-Free-Cash-Flow is ranked lower than
84% of the 85 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 10.83 vs. NMIH: 22.11 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
NMIH' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 5.21  Med: 11.52 Max: 55.16
Current: 22.11
5.21
55.16
Price-to-Operating-Cash-Flow 19.31
NMIH's Price-to-Operating-Cash-Flow is ranked lower than
76% of the 95 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 9.73 vs. NMIH: 19.31 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
NMIH' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 4.51  Med: 9.66 Max: 33.63
Current: 19.31
4.51
33.63
EV-to-EBIT 20.82
NMIH's EV-to-EBIT is ranked lower than
82% of the 110 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 11.85 vs. NMIH: 20.82 )
Ranked among companies with meaningful EV-to-EBIT only.
NMIH' s EV-to-EBIT Range Over the Past 10 Years
Min: -253.8  Med: -8.5 Max: 45
Current: 20.82
-253.8
45
EV-to-EBITDA 18.94
NMIH's EV-to-EBITDA is ranked lower than
81% of the 113 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 10.36 vs. NMIH: 18.94 )
Ranked among companies with meaningful EV-to-EBITDA only.
NMIH' s EV-to-EBITDA Range Over the Past 10 Years
Min: -31  Med: -9.5 Max: 160.9
Current: 18.94
-31
160.9
EV-to-Revenue 7.73
NMIH's EV-to-Revenue is ranked lower than
98% of the 127 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.99 vs. NMIH: 7.73 )
Ranked among companies with meaningful EV-to-Revenue only.
NMIH' s EV-to-Revenue Range Over the Past 10 Years
Min: 4.3  Med: 7 Max: 97.9
Current: 7.73
4.3
97.9

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -1.20
NMIH's 3-Year Average Share Buyback Ratio is ranked higher than
50% of the 86 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: -0.60 vs. NMIH: -1.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
NMIH' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -15.8  Med: -0.9 Max: 0
Current: -1.2
-15.8
0

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 2.53
NMIH's Price-to-Tangible-Book is ranked lower than
68% of the 127 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.58 vs. NMIH: 2.53 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
NMIH' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1  Med: 1.33 Max: 2.6
Current: 2.53
1
2.6
Price-to-Median-PS-Value 1.05
NMIH's Price-to-Median-PS-Value is ranked higher than
65% of the 115 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.09 vs. NMIH: 1.05 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
NMIH' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.76  Med: 1.01 Max: 14.47
Current: 1.05
0.76
14.47
Price-to-Graham-Number 2.56
NMIH's Price-to-Graham-Number is ranked higher than
53% of the 102 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.20 vs. NMIH: 2.56 )
Ranked among companies with meaningful Price-to-Graham-Number only.
NMIH' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.78  Med: 1.44 Max: 2.64
Current: 2.56
0.78
2.64
Earnings Yield (Greenblatt) % 4.81
NMIH's Earnings Yield (Greenblatt) % is ranked lower than
69% of the 130 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 7.40 vs. NMIH: 4.81 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
NMIH' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -15.9  Med: -6.7 Max: 7.6
Current: 4.81
-15.9
7.6

More Statistics

Revenue (TTM) (Mil) $178.64
EPS (TTM) $ 0.36
Beta0.94
Short Percentage of Float3.05%
52-Week Range $10.10 - 21.70
Shares Outstanding (Mil)60.61

Analyst Estimate

Dec18 Dec19
Revenue (Mil $) 243 327
EBIT (Mil $)
EBITDA (Mil $)
EPS ($) 1.44 2.18
EPS without NRI ($) 1.44 2.18
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)

Piotroski F-Score Details

Piotroski F-Score: ----
Positive ROAN
Positive CFROAN
Higher ROA yoyN
CFROA > ROAN
Lower Leverage yoyN
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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