XNAS
ACT
Market cap5.34bUSD
Jun 12, Last price
35.57USD
1D
2.10%
1Q
6.50%
IPO
73.60%
Name
Enact Holdings Inc
Chart & Performance
P/E
7.76
P/S
4.44
EPS
4.59
Div Yield, %
2.01%
Shrs. gr., 5y
-0.66%
Rev. gr., 5y
4.19%
Revenues
1.20b
+4.17%
Net income
688m
+3.39%
CFO
686m
+8.58%
Dividend
Aug 28, 20240.185 USD/sh
Profile
Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. The company is involved in writing and assuming residential mortgage guaranty insurance. It offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and contract underwriting services for mortgage lenders. The company was formerly known as Genworth Mortgage Holdings, Inc. and changed its name to Enact Holdings, Inc. in May 2021. Enact Holdings, Inc. was founded in 1981 and is headquartered in Raleigh, North Carolina. Enact Holdings, Inc. is a subsidiary of Genworth Holdings, Inc.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|
| 2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | |
| Income | |||||||
Revenues | 1,201,774 4.17% | 1,153,686 5.36% | 1,095,046 -2.24% | ||||
Cost of revenue | |||||||
Unusual Expense (Income) | |||||||
NOPBT | 1,201,774 | 1,153,686 | 1,095,046 | ||||
NOPBT Margin | 100.00% | 100.00% | 100.00% | ||||
Operating Taxes | 189,993 | 185,998 | 194,065 | ||||
Tax Rate | 15.81% | 16.12% | 17.72% | ||||
NOPAT | 1,011,781 | 967,688 | 900,981 | ||||
Net income | 688,068 3.39% | 665,511 -5.49% | 704,157 28.80% | ||||
Dividends | (111,719) | (212,964) | (250,776) | ||||
Dividend yield | 2.19% | 4.55% | 6.37% | ||||
Proceeds from repurchase of equity | (243,968) | (87,762) | (1,532) | ||||
BB yield | 4.78% | 1.88% | 0.04% | ||||
| Debt | |||||||
Debt current | 3,443 | ||||||
Long-term debt | 743,050 | 755,150 | 755,322 | ||||
Deferred revenue | (7,170) | ||||||
Other long-term liabilities | 812,710 | (745,128) | |||||
Net debt | (5,484,522) | (5,146,893) | (9,530,624) | ||||
| Cash flow | |||||||
Cash from operating activities | 686,262 | 632,038 | 560,510 | ||||
CAPEX | 6,615 | ||||||
Cash from investing activities | (320,514) | (229,404) | (220,255) | ||||
Cash from financing activities | (381,999) | (300,726) | (252,308) | ||||
FCF | 984,950 | 955,088 | 6,140,440 | ||||
| Balance | |||||||
Cash | 6,224,205 | 5,881,824 | 5,401,582 | ||||
Long term investments | 3,367 | 20,219 | 4,887,807 | ||||
Excess cash | 6,167,483 | 5,844,359 | 10,234,637 | ||||
Stockholders' equity | 2,919,308 | 2,321,456 | 1,718,840 | ||||
Invested Capital | 3,602,223 | 3,869,017 | 3,616,576 | ||||
ROIC | 27.08% | 25.85% | 24.17% | ||||
ROCE | 18.43% | 18.64% | 20.50% | ||||
| EV | |||||||
Common stock shares outstanding | 157,554 | 161,847 | 163,294 | ||||
Price | 32.38 12.08% | 28.89 19.78% | 24.12 16.69% | ||||
Market cap | 5,101,599 9.11% | 4,675,760 18.71% | 3,938,651 16.99% | ||||
EV | (382,923) | (471,133) | (5,591,973) | ||||
EBITDA | 1,199,830 | 1,157,810 | 1,094,297 | ||||
EV/EBITDA | |||||||
Interest | 51,157 | 51,867 | 51,699 | ||||
Interest/NOPBT | 4.26% | 4.50% | 4.72% | ||||