XNYSMTG
Market cap5.99bUSD
Jan 08, Last price
23.63USD
1D
0.81%
1Q
-7.08%
Jan 2017
131.89%
Name
MGIC Investment Corp
Chart & Performance
Profile
MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It also provides contract underwriting services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.
Valuation
Title USD in thousands, except ratios and share amounts | 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 | |
Income | |||||||||
Revenues | 1,155,102 -1.51% | 1,172,785 -1.09% | |||||||
Cost of revenue | 226,004 | 236,697 | |||||||
Unusual Expense (Income) | |||||||||
NOPBT | 929,098 | 936,088 | |||||||
NOPBT Margin | 80.43% | 79.82% | |||||||
Operating Taxes | 189,280 | 224,685 | |||||||
Tax Rate | 20.37% | 24.00% | |||||||
NOPAT | 739,818 | 711,403 | |||||||
Net income | 712,949 -17.61% | 865,349 36.28% | |||||||
Dividends | (122,965) | (110,947) | |||||||
Dividend yield | 2.22% | 2.74% | |||||||
Proceeds from repurchase of equity | (337,182) | (385,573) | |||||||
BB yield | 6.09% | 9.53% | |||||||
Debt | |||||||||
Debt current | |||||||||
Long-term debt | 643,196 | 662,810 | |||||||
Deferred revenue | 20,050 | ||||||||
Other long-term liabilities | 823,167 | (152,125) | |||||||
Net debt | 263,909 | (5,088,412) | |||||||
Cash flow | |||||||||
Cash from operating activities | 712,962 | 650,012 | |||||||
CAPEX | (1,999) | (3,254) | |||||||
Cash from investing activities | (179,190) | 410,485 | |||||||
Cash from financing activities | (496,041) | (1,032,542) | |||||||
FCF | 739,622 | 249,851 | |||||||
Balance | |||||||||
Cash | 363,666 | 327,384 | |||||||
Long term investments | 15,621 | 5,423,838 | |||||||
Excess cash | 321,532 | 5,692,583 | |||||||
Stockholders' equity | 4,648,197 | 3,894,136 | |||||||
Invested Capital | 6,216,848 | 2,171,741 | |||||||
ROIC | 17.64% | 29.24% | |||||||
ROCE | 14.21% | 15.48% | |||||||
EV | |||||||||
Common stock shares outstanding | 287,155 | 311,229 | |||||||
Price | 19.29 48.38% | 13.00 -9.85% | |||||||
Market cap | 5,539,220 36.91% | 4,045,977 -20.13% | |||||||
EV | 5,803,129 | (1,042,435) | |||||||
EBITDA | 964,328 | 990,340 | |||||||
EV/EBITDA | 6.02 | ||||||||
Interest | 36,905 | 48,054 | |||||||
Interest/NOPBT | 3.97% | 5.13% |