NMI Holdings Inc (NMIH)
POSITIVEFundamental
80
Price
$45.23
Market Cap
$3.44B
Part 1 · What the company is worth
Overview
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.
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Direct competitors
Who this company fights with for the same customers
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No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$731M
Trailing 12 months (through 6/30/2026)
Net Income
$395M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$413M
Total Equity
$2.59B
Total Liabilities
$1.25B
Current Ratio
-
Interest Coverage
-
Debt/EBITDA
0.77
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$107.90
Current Price
$45.23
Margin of Safety
+58.1%
Fair Value Range
$70.14 - $145.67
Estimation Methods
Valuation Metrics
P/E Ratio
8.93
ROE
15.0%
P/B Ratio
1.26
P/FCF
7.74
Gross Margin
-
ROIC
-
Profitability Radar
Value Creation (Economic Moat)
ROIC
-
WACC
7.7%
ROIC − WACC
-
Fundamental Analysis Criteria
Passed (18)
- EPS shows upward trend
- Price CAGR 15.54%
- P/FCF 7.74
- P/B Ratio 1.26
- Debt/Equity ratio
- Positive Free Cash Flow
- CapEx intensity
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- Price below Graham Number
- ROE 15.1%
- Revenue Growth 5Y 10.3%
- Analyst Consensus 79% Buy
- PEG Ratio 0.48
- Earnings Quality (OCF/NI) 1.13
- Share Dilution -2.8%
- Piotroski F-Score 5/9
Failed (3)
- DCF valuation (Fairly valued)
- Earnings Surprise avg 1.2%
- Net Margin Trend 54.1% vs 55.6%
Unavailable (6)
- ROIC NaN%
- Gross Margin NaN%
- Dividend Payout NaN%
- Operating Margin NaN%
- Current Ratio
- Interest Coverage
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Bradley Mize Shuster C.F.A. | Executive Chairman | 70 |
| Mr. Adam S. Pollitzer | President, CEO & Director | 45 |
| Ms. Aurora Jean Swithenbank | Executive VP & CFO | 49 |
| Mr. William J. Leatherberry J.D. | Executive VP, Chief Administrative Officer General Counsel & Secretary | 54 |
| Mr. Robert Owen Smith | Executive VP & Chief Risk Officer | 55 |
| Mr. Mohammad Yousaf | EVP, Chief of Operations & Technology | 48 |
| Mr. John M. Swenson | Vice President of Investor Relations & Treasury | - |
| Ms. Lesley Alli | Senior VP of Industry Relations & Corporate Communications | - |
| Mr. Norman P. Fitzgerald | Executive VP & Chief Sales Officer | 57 |
| Ms. Allison Miller | Senior VP & CHRO | - |
Audit Risk
1
Board Risk
4
Compensation Risk
2
Shareholder Rights Risk
7
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for NMIH, sourced from Markets Gazette.