Stock AnalizNMI Holdings, Inc. NMIH
Property-Casualty Insurers · IPO 2013 · data as of November 13, 2026
NMI Holdings, Inc. (NMIH) is a financial company listed in the US with a market value of about $2.9B. In the twelve months to September 30, 2026 it had revenue of $740M and net income of $393M, a net margin of 53.1%.
Its overall Stock Analiz score is 3.8 out of 5 (good). The strongest part is value (5/5); the weakest is future growth (2/5).
Key numbers: a P/E of 7.6, a price to free cash flow of 6.8, 5-year revenue growth of 10% a year, a 5-year average ROIC of 15%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 37% above the current price.
Score: 3.8 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
Checks not passed
- Revenue growth above 10% last year
- Profit margin improving
- Strong R&D investment or growth above 20%
- ROE above 15%
- Pays a dividend
- Dividend 3 years in a row
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $740M | $706M | $651M | $579M | $523M | $485M | $433M | $379M | $275M | $183M | $124M |
| Net income | $393M | $389M | $360M | $322M | $293M | $231M | $172M | $172M | $108M | $22M | $64M |
| Free cash flow | $424M | $413M | $387M | $333M | $303M | $313M | $240M | $198M | $138M | $59M | $60M |
| EPS (diluted) | $5.09 | $4.92 | $4.43 | $3.84 | $3.39 | $2.65 | $2.13 | $2.47 | $1.60 | $0.35 | $1.05 |
| Net margin | 53.1% | 55.0% | 55.3% | 55.6% | 56.0% | 47.6% | 39.6% | 45.4% | 39.2% | 12.1% | 51.7% |
| ROIC | — | 15.0% | 16.2% | 16.6% | 14.5% | 11.8% | 9.7% | 15.9% | 12.7% | 6.4% | 3.6% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 8 analysts is $47.50, 23% above the current price; targets range from $40.00 to $54.00; the consensus rating is “Buy”; expected EPS is $5.19 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is NMI’s P/E ratio?
About 7.6, based on the last twelve months of diluted earnings per share (forward P/E about 7.3).
Is NMI stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 37% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does NMI pay a dividend?
Not currently.
Is NMI a good stock to buy?
We do not give buy or sell advice. NMI scores 3.8 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.