YOLFTbeta
NMI Holdings Inc

NMI Holdings Inc

NMIH · NASDAQ · Financial Services / Insurance - Specialty

38.65USD-0.23 (-0.59%)

Price History

Full chart

Market Stats

Previous Close38.88
Open38.95
Day Range38.47 – 39.22
52-Week Range35.12 – 46.74
Volume567.87K
Market Cap3.26B
P/E (TTM)8.53
Forward P/E7.94
EPS5.08
Dividend Yield0.00%
Beta0.49
50-Day Avg42.23
200-Day Avg40.27

About

NMI Holdings, Inc., together with its subsidiaries, provides private mortgage guaranty insurance services in the United States. It provides primary mortgage insurance services; and outsourced loan review services to mortgage loan originators. The company 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.

Company Details

  • SectorFinancial Services
  • IndustryInsurance - Specialty
  • CEOMr. Adam S. Pollitzer
  • Employees225
  • Headquarters2100 Powell Street, EmeryVille, CA, United States, 94608, USA
  • Websitehttps://www.nationalmi.com

Leadership

  • Mr. Bradley Mize Shuster C.F.A.Executive Chairman · b. 1955
  • Mr. Adam S. PollitzerPresident, CEO & Director · b. 1980
  • Ms. Aurora Jean SwithenbankExecutive VP & CFO · b. 1976
  • Mr. William J. Leatherberry J.D.Executive VP, Chief Administrative Officer General Counsel & Secretary · b. 1971
  • Mr. Robert Owen SmithExecutive VP & Chief Risk Officer · b. 1970
  • Mr. Mohammad YousafEVP, Chief of Operations & Technology · b. 1976
  • Mr. John M. SwensonVice President of Investor Relations & Treasury
  • Ms. Lesley AlliSenior VP of Industry Relations & Corporate Communications
  • Mr. Norman P. FitzgeraldExecutive VP & Chief Sales Officer · b. 1967
  • Ms. Allison MillerSenior VP & CHRO

Financials

Income Statement

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue-284.00K5.56M22.21M55.51M121.92M178.64M273.63M370.11M436.19M485.64M524.46M579.00M650.97M705.58M
Growth (%)--+1857.75%+299.42%+149.97%+119.62%+46.53%+53.17%+35.26%+17.85%+11.34%+7.99%+10.40%+12.43%+8.39%
Cost of Revenue-23.94M1.00K456.00K650.00K2.39M5.96M5.72M14.76M62.09M14.81M-2.50M23.39M32.27M57.65M
Gross Profit-284.00K5.56M21.75M54.86M119.52M172.68M267.91M355.36M374.10M470.82M526.96M555.61M618.70M647.93M
Gross Margin-100.00%99.98%97.95%98.83%98.04%96.67%97.91%96.01%85.77%96.95%100.48%95.96%95.04%91.83%
Operating Expense-27.77M60.74M73.04M82.66M108.07M119.89M131.94M138.71M156.00M174.10M149.65M142.91M155.29M148.13M
Operating Income-1.35M-27.49M-55.18M-51.29M-27.79M11.45M52.79M135.96M216.65M218.11M296.73M377.31M412.70M463.41M499.80M
Operating Margin--9679.93%-992.52%-230.96%-50.07%9.39%29.55%49.69%58.54%50.00%61.10%71.94%71.28%71.19%70.84%
EBITDA-1.35M-25.86M-47.07M-43.21M-20.88M31.96M72.98M158.75M238.04M252.42M339.75M421.34M456.46M512.24M539.54M
EBITDA Margin--9105.66%-846.55%-194.58%-37.60%26.21%40.86%58.02%64.31%57.87%69.96%80.34%78.83%78.69%76.47%
Net Income-1.35M-27.49M-55.18M-48.91M-27.79M64.00M22.05M107.93M171.96M171.57M231.13M292.90M322.11M360.11M388.93M
Net Income Margin--9679.93%-992.52%-220.22%-50.07%52.50%12.34%39.44%46.46%39.33%47.59%55.85%55.63%55.32%55.12%
R&D--000000-------
R&D as % of Total Revenue--0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense3.73K1.63M002.06M14.85M13.53M14.98M12.09M24.39M31.80M32.16M32.21M36.90M28.48M
Interest Expense % of Total Revenue-573.46%0.00%0.00%3.71%12.18%7.57%5.47%3.27%5.59%6.55%6.13%5.56%5.67%4.04%

Balance Sheet

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets209.76K542.77M481.22M463.26M662.45M841.74M894.85M1.09B1.36B2.17B2.45B2.52B2.96B3.35B3.84B
Total Liabilities1.56M38.30M18.00M36.31M259.72M364.39M385.77M390.54M202.12M505.89M558.80M902.30M1.04B1.13B1.25B
Total Equity-1.35M488.75M463.22M426.96M402.73M477.35M509.08M701.50M1.16B1.66B1.89B1.61B1.93B2.22B2.59B
Cash1485.86M55.93M103.02M57.32M47.75M19.20M23.88M38.43M121.38M73.48M42.25M96.69M54.22M43.94M
Total Debt205.32K---143.94M319.34M321.87M146.76M164.11M404.56M402.80M396.05M409.00M415.15M417.03M
Net Debt205.32K-485.86M-55.93M-103.02M86.62M96.61M124.69M122.88M107.34M271.92M321.14M353.80M312.31M360.93M373.09M

Cash Flow

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-14.60M-36.31M-21.00M41.46M71.94M67.76M145.86M208.15M252.60M325.72M313.39M342.68M393.60M419.30M
Investing Cash Flow-9.81M-419.95M68.08M-230.16M-79.79M-93.07M-220.65M-194.35M-629.55M-374.18M-289.79M-200.00M-339.29M-316.47M
Financing Cash Flow510.26M26.33M14.00K143.00M-1.72M-3.24M80.89M2.00M462.80M-1.83M-55.83M-90.42M-96.70M-113.20M
Capital Expenditure2.45M6.69M8.22M6.13M11.47M8.51M8.06M9.96M12.16M12.24M10.57M9.37M6.91M6.78M
Free Cash Flow-17.04M-43.00M-29.22M35.33M60.47M59.25M137.80M198.19M240.44M313.48M302.82M333.31M386.70M412.52M
Dividends Paid-00000-18.25M8.96M-----
FCF to OCF116.76%118.43%139.14%85.20%84.06%87.44%94.47%95.22%95.19%96.24%96.63%97.27%98.25%98.38%
Dividend Paid to FCF-0.00%0.00%0.00%0.00%0.00%-9.21%3.73%-----

Earnings

Report DateNov 27, 2013Mar 10, 2014May 13, 2014Aug 7, 2014Nov 6, 2014Feb 19, 2015May 5, 2015Aug 4, 2015Oct 27, 2015Feb 18, 2016Apr 26, 2016Aug 2, 2016Nov 1, 2016Feb 15, 2017May 4, 2017Aug 1, 2017Nov 1, 2017Feb 15, 2018May 1, 2018Aug 1, 2018Oct 30, 2018Feb 12, 2019May 1, 2019Jul 31, 2019Nov 6, 2019Feb 11, 2020May 6, 2020Aug 6, 2020Nov 5, 2020Feb 16, 2021May 5, 2021Aug 3, 2021Nov 2, 2021Feb 15, 2022May 5, 2022Aug 2, 2022Nov 1, 2022Feb 14, 2023May 2, 2023Aug 1, 2023Nov 1, 2023Feb 14, 2024Apr 30, 2024Jul 30, 2024Nov 6, 2024Feb 6, 2025Apr 29, 2025Jul 29, 2025Nov 4, 2025Feb 10, 2026Apr 30, 2026Jul 30, 2026Nov 3, 2026Nov 5, 2026
EPS Estimate--0.20-0.20-0.24-0.23-0.20-0.18-0.16-0.13-0.08-0.07-0.010.070.130.130.110.140.200.310.350.410.460.520.550.620.710.670.380.350.510.600.640.710.710.740.760.810.840.830.850.920.960.991.051.131.121.121.191.211.191.231.281.301.32
EPS Actual-0.25-0.23-0.26-0.22-0.19-0.17-0.13-0.18-0.08-0.08-0.070.030.100.120.090.100.200.220.340.400.460.460.560.590.710.750.750.400.470.590.620.670.710.730.770.860.900.860.880.951.001.011.081.201.151.071.281.221.211.201.281.38--
Surprise--15.00%-30.00%8.33%17.39%15.00%27.78%-12.50%38.46%0.00%0.00%400.00%42.86%-7.69%-30.77%-9.09%42.86%10.00%9.68%14.29%12.20%0.00%7.69%7.27%14.52%5.63%11.94%5.26%34.29%15.69%3.33%4.69%0.00%2.82%4.05%13.16%11.11%2.38%6.02%11.76%8.70%5.21%9.09%14.29%1.77%-4.46%14.29%2.52%0.00%0.84%4.07%7.81%--
Timing--After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap3.26B
Enterprise Value3.61B
Trailing P/E8.53
Forward P/E7.94
PEG Ratio1.66
Price / Sales4.46
Price / Book1.21
EPS5.08
Book Value35.89
Revenue (TTM)730.78M
Gross Profit (TTM)558.20M
EBITDA545.69M
Profit Margin54.10%
Operating Margin76.67%
Return on Equity15.43%
Return on Assets8.82%
Shares Outstanding75.22M
Shares Float73.91M
Beta0.49
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 8 analystsTarget 48.00
  • Strong Buy
    4
  • Buy
    2
  • Hold
    2

Ownership Breakdown

Institutions
101.23%
Insiders
1.58%
Retail / Other
0.00%

Top Institutional Holders

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  • Vanguard Capital Management, LLC
    3.42M4.55%
  • American Century Companies Inc
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  • Vanguard Portfolio Management, LLC
    2.90M3.86%
  • Geode Capital Management, LLC
    2.11M2.81%
  • Delaware Management Holdings Inc
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  • Van Berkom and Associates Inc
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  • Assenagon Asset Management SA
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  • Fuller & Thaler Asset Management Inc
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  • FMR Inc
    1.28M1.70%
  • The Goldman Sachs Group Inc
    1.27M1.69%
  • Bank of America Corp
    1.21M1.61%

Top Fund Holders

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  • Avantis US Small Cap Value ETF
    2.46M3.26%
  • Vanguard MStar Total Stk Mkt Idx Invest
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  • iShares Russell 2000 ETF
    2.02M2.69%
  • Nomura Small Cap Core I
    1.51M2.00%
  • FullerThaler Behavioral Sm-Cp Eq R6
    1.26M1.68%