XNYSESNT
Market cap5.66bUSD
Dec 20, Last price
53.26USD
1D
0.66%
1Q
-16.15%
Jan 2017
64.54%
IPO
136.40%
Name
Essent Group Ltd
Chart & Performance
Profile
Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its mortgage insurance products include primary, pool, and master policy. The company also provides information technology maintenance and development services; customer support-related services; underwriting consulting; and contract underwriting services. It serves the originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. The company was founded in 2008 and is based in Hamilton, Bermuda.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 1,085,109 11.62% | 972,148 0.00% | 972,124 1.78% | |||||||
Cost of revenue | 309,707 | 272,035 | 268,196 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 775,402 | 700,113 | 703,928 | |||||||
NOPBT Margin | 71.46% | 72.02% | 72.41% | |||||||
Operating Taxes | 126,613 | 156,834 | 140,531 | |||||||
Tax Rate | 16.33% | 22.40% | 19.96% | |||||||
NOPAT | 648,789 | 543,279 | 563,397 | |||||||
Net income | 696,386 -16.23% | 831,353 21.94% | 681,783 65.06% | |||||||
Dividends | (106,215) | (92,128) | (77,724) | |||||||
Dividend yield | 1.88% | 2.20% | 1.53% | |||||||
Proceeds from repurchase of equity | (70,670) | (97,914) | 61,145 | |||||||
BB yield | 1.25% | 2.34% | -1.20% | |||||||
Debt | ||||||||||
Debt current | 420,864 | 419,823 | ||||||||
Long-term debt | 454,601 | 431,513 | 424,486 | |||||||
Deferred revenue | (420,864) | (46,169) | ||||||||
Other long-term liabilities | 431,557 | 486,218 | (373,654) | |||||||
Net debt | 35,588 | (8,712,113) | (9,162,956) | |||||||
Cash flow | ||||||||||
Cash from operating activities | 763,001 | 588,817 | 709,256 | |||||||
CAPEX | (4,002) | (3,981) | (2,498) | |||||||
Cash from investing activities | (525,569) | (398,872) | (583,167) | |||||||
Cash from financing activities | (176,885) | (190,196) | (147,428) | |||||||
FCF | 593,395 | 1,001,609 | 472,451 | |||||||
Balance | ||||||||||
Cash | 141,787 | 4,822,865 | 5,044,378 | |||||||
Long term investments | 277,226 | 4,741,625 | 4,962,887 | |||||||
Excess cash | 364,758 | 9,515,883 | 9,958,659 | |||||||
Stockholders' equity | 3,802,681 | 3,111,932 | 2,807,162 | |||||||
Invested Capital | 5,561,664 | 1,838,999 | 2,600,371 | |||||||
ROIC | 17.53% | 24.48% | 21.56% | |||||||
ROCE | 13.08% | 13.19% | 12.18% | |||||||
EV | ||||||||||
Common stock shares outstanding | 107,129 | 107,653 | 111,555 | |||||||
Price | 52.74 35.65% | 38.88 -14.61% | 45.53 5.39% | |||||||
Market cap | 5,649,983 34.99% | 4,185,549 -17.59% | 5,079,099 10.52% | |||||||
EV | 5,685,571 | (4,526,564) | (4,083,857) | |||||||
EBITDA | 779,927 | 703,137 | 707,307 | |||||||
EV/EBITDA | 7.29 | |||||||||
Interest | 30,137 | 15,608 | 8,282 | |||||||
Interest/NOPBT | 3.89% | 2.23% | 1.18% |