NMI Statistics

Share Statistics

NMI has 77.57M shares outstanding. The number of shares has increased by -1.95% in one year.

Shares Outstanding	77.57M
Shares Change (YoY)	-1.95%
Shares Change (QoQ)	-0.42%
Owned by Institutions (%)	96.03%
Shares Floating	76.04M
Failed to Deliver (FTD) Shares	69
FTD / Avg. Volume	0.01%

Short Selling Information

The latest short interest is 1.83M, so 2.34% of the outstanding shares have been sold short.

Short Interest	1.83M
Short % of Shares Out	2.34%
Short % of Float	2.96%
Short Ratio (days to cover)	3.69

Valuation Ratios

The PE ratio is 8.15 and the forward PE ratio is 7.64. NMI's PEG ratio is 0.53.

PE Ratio	8.15
Forward PE	7.64
PS Ratio	4.51
Forward PS	4.8
PB Ratio	1.32
P/FCF Ratio	7.59
PEG Ratio	0.53

Financial Ratio History

Enterprise Valuation

NMI has an Enterprise Value (EV) of 3.3B.

EV / Sales	5.06
EV / EBITDA	6.43
EV / EBIT	8.37
EV / FCF	8.52

Financial Position

The company has a current ratio of 3.48, with a Debt / Equity ratio of 0.19.

Current Ratio	3.48
Quick Ratio	3.48
Debt / Equity	0.19
Debt / EBITDA	0.81
Debt / FCF	1.07
Interest Coverage	12.56

Financial Efficiency

Return on Equity is 16.24% and Return on Invested Capital is 10.8%.

Return on Equity	16.24%
Return on Assets	10.75%
Return on Invested Capital	10.8%
Revenue Per Employee	$2.83M
Profits Per Employee	$1.57M
Employee Count	230
Asset Turnover	0.19
Inventory Turnover	n/a

Taxes

Income Tax	103.31M
Effective Tax Rate	22.29%

Stock Price Statistics

The stock price has increased by 6.8% in the last 52 weeks. The beta is 0.57, so NMI's price volatility has been higher than the market average.

Beta	0.57
52-Week Price Change	6.8%
50-Day Moving Average	39.54
200-Day Moving Average	37.55
Relative Strength Index (RSI)	54.53
Average Volume (20 Days)	534,919

Income Statement

In the last 12 months, NMI had revenue of 650.97M and earned 360.11M in profits. Earnings per share was 4.51.

Revenue	650.97M
Gross Profit	650.97M
Operating Income	463.41M
Net Income	360.11M
EBITDA	512.24M
EBIT	500.31M
Earnings Per Share (EPS)	4.51

Full Income Statement

Balance Sheet

The company has 54.22M in cash and 415.15M in debt, giving a net cash position of -360.93M.

Cash & Cash Equivalents	54.22M
Total Debt	415.15M
Net Cash	-360.93M
Retained Earnings	1.58B
Total Assets	3.59B
Working Capital	-154.51M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 393.6M and capital expenditures -6.91M, giving a free cash flow of 386.7M.

Operating Cash Flow	393.6M
Capital Expenditures	-6.91M
Free Cash Flow	386.7M
FCF Per Share	4.84

Full Cash Flow Statement

Margins

Gross margin is 100%, with operating and profit margins of 71.19% and 55.32%.

Gross Margin	100%
Operating Margin	71.19%
Pretax Margin	71.19%
Profit Margin	55.32%
EBITDA Margin	78.69%
EBIT Margin	71.19%
FCF Margin	59.4%

Dividends & Yields

NMIH does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Payout Ratio	n/a
Earnings Yield	12.27%
FCF Yield	13.18%

Dividend Details

Analyst Forecast

The average price target for NMIH is $43, which is 9.5% higher than the current price. The consensus rating is "Hold".

Price Target	$43
Price Target Difference	9.5%
Analyst Consensus	Hold
Analyst Count	6

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	$69.63
Lynch Upside	77.31%
Graham Number	53.09
Graham Upside	35.19%

Scores

Altman Z-Score	2.73
Piotroski F-Score	6

NMI Inc. (NMIH)