Financhill
Buy
56

NMIH Quote, Financials, Valuation and Earnings

Last price:
$36.55
Seasonality move :
-3.48%
Day range:
$36.32 - $36.97
52-week range:
$28.67 - $42.49
Dividend yield:
0%
P/E ratio:
8.36x
P/S ratio:
4.70x
P/B ratio:
1.32x
Volume:
1.3M
Avg. volume:
502.8K
1-year change:
24.37%
Market cap:
$2.9B
Revenue:
$579M
EPS (TTM):
$4.37
Period Ending 2019-12-31 2020-12-31 2021-12-31 2022-12-31 2023-12-31
Revenue $370.1M $436.2M $485.6M $524.5M $579M
Revenue Growth (YoY) 35.26% 17.85% 11.34% 7.99% 10.4%
 
Cost of Revenues -- -- -- -- --
Gross Profit -- -- -- -- --
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- --
Selling, General & Admin -- -- -- -- --
Other Inc / (Exp) $2.9M $3.3M $2M $1.2M $756K
Operating Expenses -- -- -- -- --
Operating Income -- -- -- -- --
 
Net Interest Expenses $12.1M $24.4M $31.8M $32.2M $32.2M
EBT. Incl. Unusual Items $216.7M $218.1M $296.7M $377.3M $412.7M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $44.7M $46.5M $65.6M $84.4M $90.6M
Net Income to Company $172M $171.6M $231.1M $292.9M $322.1M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $172M $171.6M $231.1M $292.9M $322.1M
 
Basic EPS (Cont. Ops) $2.54 $2.20 $2.70 $3.45 $3.91
Diluted EPS (Cont. Ops) $2.47 $2.13 $2.65 $3.39 $3.84
Weighted Average Basic Share $67.6M $78M $85.6M $84.9M $82.4M
Weighted Average Diluted Share $69.7M $79.3M $86.9M $86M $83.9M
 
EBITDA -- -- -- -- --
EBIT $228.7M $242.5M $328.5M $409.5M $444.9M
 
Revenue (Reported) $370.1M $436.2M $485.6M $524.5M $579M
Operating Income (Reported) -- -- -- -- --
Operating Income (Adjusted) $228.7M $242.5M $328.5M $409.5M $444.9M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Revenue $107.3M $124M $130.6M $148.2M $166.1M
Revenue Growth (YoY) 4.5% 15.55% 5.27% 13.47% 12.1%
 
Cost of Revenues -- -- -- -- --
Gross Profit -- -- -- -- --
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- --
Selling, General & Admin -- -- -- -- --
Other Inc / (Exp) $648K $613K $301K $217K $285K
Operating Expenses -- -- -- -- --
Operating Income -- -- -- -- --
 
Net Interest Expenses $7.8M $7.9M $8M $8.1M $7.1M
EBT. Incl. Unusual Items $49.4M $77.5M $98.6M $107.3M $119.3M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $11.2M $17.3M $21.8M $23.3M $26.5M
Net Income to Company $38.2M $60.2M $76.8M $84M $92.8M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $38.2M $60.2M $76.8M $84M $92.8M
 
Basic EPS (Cont. Ops) $0.45 $0.70 $0.91 $1.02 $1.17
Diluted EPS (Cont. Ops) $0.45 $0.69 $0.90 $1.00 $1.15
Weighted Average Basic Share $84.8M $85.7M $84.4M $82.1M $79.5M
Weighted Average Diluted Share $85.6M $86.9M $85.5M $83.7M $81M
 
EBITDA -- -- -- -- --
EBIT $57.2M $85.4M $106.6M $115.4M $126.4M
 
Revenue (Reported) $107.3M $124M $130.6M $148.2M $166.1M
Operating Income (Reported) -- -- -- -- --
Operating Income (Adjusted) $57.2M $85.4M $106.6M $115.4M $126.4M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Revenue $429.9M $469M $516.5M $560.7M $635.8M
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- -- -- --
Gross Profit -- -- -- -- --
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- --
Selling, General & Admin -- -- -- -- --
Other Inc / (Exp) $3.9M $2.1M $1.4M $739K $904K
Operating Expenses -- -- -- -- --
Operating Income -- -- -- -- --
 
Net Interest Expenses $19.5M $31.7M $32.2M $32.2M $37.9M
EBT. Incl. Unusual Items $219.3M $280.2M $360.7M $402.3M $457.7M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $45.8M $61.3M $80.2M $90.7M $100.4M
Net Income to Company $173.5M $218.9M $280.5M $311.6M $357.4M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $173.5M $218.9M $280.5M $311.6M $357.4M
 
Basic EPS (Cont. Ops) $2.40 $2.56 $3.29 $3.75 $4.45
Diluted EPS (Cont. Ops) $2.26 $2.51 $3.22 $3.69 $4.37
Weighted Average Basic Share -- -- -- -- --
Weighted Average Diluted Share -- -- -- -- --
 
EBITDA -- -- -- -- --
EBIT $238.7M $311.9M $392.8M $434.5M $495.6M
 
Revenue (Reported) $429.9M $469M $516.5M $560.7M $635.8M
Operating Income (Reported) -- -- -- -- --
Operating Income (Adjusted) $238.7M $311.9M $392.8M $434.5M $495.6M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Revenue $327.7M $360.5M $391.4M $427.6M $484.5M
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- -- -- --
Gross Profit -- -- -- -- --
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- --
Selling, General & Admin -- -- -- -- --
Other Inc / (Exp) $2.8M $1.6M $1M $563K $711K
Operating Expenses -- -- -- -- --
Operating Income -- -- -- -- --
 
Net Interest Expenses $16.5M $23.8M $24.1M $24.1M $29.8M
EBT. Incl. Unusual Items $156.5M $218.6M $282.5M $307.5M $352.5M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $33.2M $48M $62.6M $68.8M $78.6M
Net Income to Company $123.3M $170.6M $220M $238.7M $273.9M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $123.3M $170.6M $220M $238.7M $273.9M
 
Basic EPS (Cont. Ops) $1.66 $1.99 $2.58 $2.88 $3.42
Diluted EPS (Cont. Ops) $1.55 $1.95 $2.53 $2.83 $3.36
Weighted Average Basic Share $227M $256.7M $256.1M $248.7M $240.4M
Weighted Average Diluted Share $230.2M $260.2M $259.4M $252.7M $244.4M
 
EBITDA -- -- -- -- --
EBIT $173M $242.3M $306.7M $331.7M $382.3M
 
Revenue (Reported) $327.7M $360.5M $391.4M $427.6M $484.5M
Operating Income (Reported) -- -- -- -- --
Operating Income (Adjusted) $173M $242.3M $306.7M $331.7M $382.3M
Period Ending 2019-12-31 2020-12-31 2021-12-31 2022-12-31 2023-12-31
Cash and Equivalents $38.4M $121.4M $73.5M $42.3M $95.4M
Short Term Investments $1.1B $1.8B $2.1B $339M $237.9M
Accounts Receivable, Net $51M $67.4M $80.7M $91.3M $104M
Inventory -- -- -- -- --
Prepaid Expenses $19M $9.5M $89.2M $154.4M $235.3M
Other Current Assets -- -- -- -- --
Total Current Assets $1.2B $2B $2.3B $626.9M $672.5M
 
Property Plant And Equipment $26.1M $29.7M $32M $31.9M $30.3M
Long-Term Investments $1.1B $1.8B $2.1B $2.1B $2.4B
Goodwill $3.2M $3.2M $3.2M $3.2M $3.2M
Other Intangibles $390K $390K $390K $390K $390K
Other Long-Term Assets -- -- -- -- --
Total Assets $1.4B $2.2B $2.5B $2.5B $2.9B
 
Accounts Payable -- -- -- -- --
Accrued Expenses -- -- -- -- --
Current Portion Of Long-Term Debt -- -- -- -- --
Current Portion Of Capital Lease Obligations -- -- -- -- --
Other Current Liabilities -- -- -- -- --
Total Current Liabilities $39.9M $61.7M $72M $74.6M $86.2M
 
Long-Term Debt $145.8M $393.3M $394.6M $396.1M $397.6M
Capital Leases -- -- -- -- --
Total Liabilities $434.4M $797.1M $884.8M $902.3M $1B
 
Common Stock $684K $852K $858K $865K $873K
Other Common Equity Adj $17.3M $53.9M $1.5M -$204.3M -$139.9M
Common Equity $930.4M $1.4B $1.6B $1.6B $1.9B
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $930.4M $1.4B $1.6B $1.6B $1.9B
 
Total Liabilities and Equity $1.4B $2.2B $2.5B $2.5B $2.9B
Cash and Short Terms $1.2B $1.9B $2.2B $381.2M $333.3M
Total Debt $145.8M $393.3M $394.6M $396.1M $397.6M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Cash and Equivalents $188.6M $93.7M $123.7M $174.2M $133.2M
Short Term Investments $1.7B $2.1B $2B $272.1M $300.7M
Accounts Receivable, Net $65.3M $78.9M $87M $99.3M $107.7M
Inventory -- -- -- -- --
Prepaid Expenses $12.6M $7.4M $6.1M $154.4M $235.3M
Other Current Assets -- -- -- -- --
Total Current Assets $2B $2.2B $2.2B $700M $776.9M
 
Property Plant And Equipment $28.1M $32.1M $32.2M $32M $27.3M
Long-Term Investments $1.7B $2.1B $2B $2.2B $2.7B
Goodwill -- -- -- -- --
Other Intangibles -- -- -- -- --
Other Long-Term Assets -- -- -- -- --
Total Assets $2.1B $2.4B $2.4B $2.8B $3.3B
 
Accounts Payable -- -- -- -- --
Accrued Expenses -- -- -- -- --
Current Portion Of Long-Term Debt -- -- -- -- --
Current Portion Of Capital Lease Obligations -- -- -- -- --
Other Current Liabilities -- -- -- -- --
Total Current Liabilities $59.3M $78.7M $73.9M $88.6M $111M
 
Long-Term Debt $393M $394.3M $395.7M $397.2M $414.7M
Capital Leases -- -- -- -- --
Total Liabilities $774.3M $882.1M $878M $971.1M $1.1B
 
Common Stock $848K $857K $865K $870K $879K
Other Common Equity Adj $47.1M $19.4M -$221.3M -$213.6M -$82M
Common Equity -- -- -- -- --
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $1.3B $1.5B $1.5B $1.8B $2.2B
 
Total Liabilities and Equity $2.1B $2.4B $2.4B $2.8B $3.3B
Cash and Short Terms $1.9B $2.1B $2.1B $446.3M $433.9M
Total Debt $393M $394.3M $395.7M $397.2M $414.7M
Period Ending 2019-12-31 2020-12-31 2021-12-31 2022-12-31 2023-12-31
Net Income to Stockholders $172M $171.6M $231.1M $292.9M $322.1M
Depreciation & Amoritzation $9.3M $9.9M $11.2M $11.9M $11.5M
Stock-Based Compensation $13M $11.1M $16.7M $15.4M $16.9M
Change in Accounts Receivable -$12M -$16.4M -$13.3M -$10.6M -$12.7M
Change in Inventories -- -- -- -- --
Cash From Operations $208.2M $252.6M $325.7M $313.4M $342.7M
 
Capital Expenditures $10M $12.2M $12.2M $10.6M $9.4M
Cash Acquisitions -- -- -- -- --
Cash From Investing -$194.4M -$629.6M -$374.2M -$289.8M -$200M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued -- $400M -- -- --
Long-Term Debt Repaid -$1.5M -$147.8M -- -- --
Repurchase of Common Stock -- -- -- -$56.6M -$91.6M
Other Financing Activities -$18.2M -$18M -$6.5M -$5.2M -$9.4M
Cash From Financing $2M $462.8M -$1.8M -$55.8M -$90.4M
 
Beginning Cash (CF) $25.3M $41.1M $126.9M $76.6M $44.4M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $15.8M $85.8M -$50.3M -$32.2M $52.3M
Ending Cash (CF) $41.1M $126.9M $76.6M $44.4M $96.7M
 
Levered Free Cash Flow $198.2M $240.4M $313.5M $302.8M $333.3M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Net Income to Stockholders $38.2M $60.2M $76.8M $84M $92.8M
Depreciation & Amoritzation $2.5M $2.9M $2.9M $2.9M $3M
Stock-Based Compensation $3M $3.7M $3.9M $3.7M $4.4M
Change in Accounts Receivable -$4.6M -$3.3M -$3.7M -$2.9M -$3.9M
Change in Inventories -- -- -- -- --
Cash From Operations $87.6M $98.8M $107.8M $120.8M $128.4M
 
Capital Expenditures $4.5M $3.1M $2.4M $3.3M $1.5M
Cash Acquisitions -- -- -- -- --
Cash From Investing -$406.6M -$69.8M -$34.4M $1.6M -$40.8M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -- -- -$20.8M -$19.3M -$16.9M
Other Financing Activities -$1.7M -$139K -$56K -$152K -$68K
Cash From Financing -$2.3M $184K -$20M -$19.2M -$16.9M
 
Beginning Cash (CF) $515.5M $68.1M $72.4M $73.3M $62.6M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$321.3M $29.2M $53.4M $103.1M $70.7M
Ending Cash (CF) $194.2M $97.3M $125.8M $176.5M $133.3M
 
Levered Free Cash Flow $83.2M $95.8M $105.3M $117.5M $126.9M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Net Income to Stockholders $173.5M $218.9M $280.5M $311.6M $357.4M
Depreciation & Amoritzation $10M $10.8M $12M $11.4M $12M
Stock-Based Compensation $11.4M $13M $18.5M $14.4M $18.7M
Change in Accounts Receivable -$15.3M -$13.6M -$8M -$12.4M -$8.3M
Change in Inventories -- -- -- -- --
Cash From Operations $283.6M $319M $325.9M $344.4M $387.9M
 
Capital Expenditures $11.6M $12.2M $10.9M $10.7M $7M
Cash Acquisitions -- -- -- -- --
Cash From Investing -$598M -$419.2M -$245.8M -$225.6M -$335.2M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -$148.1M -- -- -- --
Repurchase of Common Stock -- -- -$51.2M -$65.4M -$100.5M
Other Financing Activities -$20.3M -$6.8M -$6.5M -$5.6M -$21.9M
Cash From Financing $462.7M $3.3M -$51.6M -$68.1M -$95.8M
 
Beginning Cash (CF) -- -- -- -- --
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $148.3M -$96.9M $28.6M $50.7M -$43.1M
Ending Cash (CF) -- -- -- -- --
 
Levered Free Cash Flow $272M $306.8M $315.1M $333.6M $380.9M
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Net Income to Stockholders $123.3M $170.6M $220M $238.7M $273.9M
Depreciation & Amoritzation $7.4M $8.3M $9M $8.5M $9M
Stock-Based Compensation $8.2M $10.1M $11.9M $10.9M $12.7M
Change in Accounts Receivable -$14.3M -$11.5M -$6.3M -$8.1M -$3.7M
Change in Inventories -- -- -- -- --
Cash From Operations $215M $281.4M $281.6M $312.6M $357.8M
 
Capital Expenditures $9.1M $9.1M $7.8M $7.9M $5.5M
Cash Acquisitions -- -- -- -- --
Cash From Investing -$520.9M -$310.5M -$182.1M -$117.9M -$253.2M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued $400M -- -- -- $419.7M
Long-Term Debt Repaid -$147.8M -- -- -- -$405.1M
Repurchase of Common Stock -- -- -$51.2M -$60M -$68.9M
Other Financing Activities -$16.3M -$5.1M -$5M -$5.4M -$18M
Cash From Financing $459M -$538K -$50.3M -$62.6M -$68M
 
Beginning Cash (CF) $666.4M $310.5M $280M $200.8M $299M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $153.1M -$29.7M $49.2M $132M $36.6M
Ending Cash (CF) $819.5M $280.9M $329.1M $332.9M $335.7M
 
Levered Free Cash Flow $205.9M $272.3M $273.8M $304.7M $352.3M

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