Essent Group Intrinsic Value Calculator – ESSENT GROUP Reports 9.3% Increase in Total Revenue for Quarter Ending June 30 2023
August 8, 2023
☀️Earnings Overview
ESSENT GROUP ($NYSE:ESNT) reported total revenue of USD 265.0 million for the quarter ending June 30 2023, a 9.3% increase from the same quarter in the previous year. Net income for the same period, however, decreased 25.7% to USD 172.2 million compared to the same quarter in FY2022.
Analysis – Essent Group Intrinsic Value Calculator
GoodWhale has conducted an analysis of ESSENT GROUP‘s fundamentals and found that the intrinsic value of ESSENT GROUP share is around $41.1. This figure was determined through GoodWhale’s proprietary Valuation Line. At the current market price of $52.8, the ESSENT GROUP stock is highly overvalued by 28.6%. Investors should be cautious about investing in ESSENT GROUP at this time, since the stock is trading at a premium to its estimated intrinsic value. That said, investors should monitor changes in ESSENT GROUP’s financials and expected growth prospects to determine when it may be a better time to invest. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Essent Group. More…
| Total Revenues | Net Income | Net Margin |
| 1.01k | 668.48 | 65.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Essent Group. More…
| Operations | Investing | Financing |
| 592.98 | -398.87 | -190.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Essent Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.98k | 1.25k | 44.13 |
Key Ratios Snapshot
Some of the financial key ratios for Essent Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.3% | – | 80.8% |
| FCF Margin | ROE | ROA |
| 58.1% | 10.9% | 8.6% |
Peers
The Company along with its subsidiaries provides private mortgage insurance and reinsurance for mortgage lenders throughout the United States. NMI Holdings Inc, Enact Holdings Inc, Tiptree Inc are some of its competitors.
– NMI Holdings Inc ($NASDAQ:NMIH)
NMI Holdings Inc is a provider of private mortgage insurance in the United States. The company has a market cap of 1.76B and a ROE of 18.87%. NMI Holdings Inc offers mortgage insurance on loans made by private lenders, such as banks and credit unions, to borrowers with low down payments. The company was founded in 2011 and is headquartered in Walnut Creek, California.
– Enact Holdings Inc ($NASDAQ:ACT)
Enact Holdings Inc is a publicly traded holding company with a focus on investments in technology and healthcare companies. The company has a market cap of 3.96B as of 2022 and a return on equity of 17.23%. Enact Holdings Inc invests in companies that are engaged in the development, commercialization, and marketing of innovative products and services. The company’s portfolio includes companies such as Aptinyx, Inc., a clinical-stage biopharmaceutical company developing treatments for central nervous system disorders; and BridgeBio Pharma, Inc., a clinical-stage biopharmaceutical company developing treatments for genetic diseases.
– Tiptree Inc ($NASDAQ:TIPT)
Tiptree Inc. is a holding company that engages in the insurance businesses. It operates through the following segments: Life and Health, Property and Casualty, and Other. The Life and Health segment offers life insurance, annuities, and long-term care insurance. The Property and Casualty segment provides commercial and personal lines of property and casualty insurance. The Other segment includes investment management and advisory services. The company was founded by George H. Tipton and Harry B. Tipton in 1885 and is headquartered in New York, NY.
Summary
Investment analysts are cautiously optimistic about Essent Group‘s performance for the quarter ending June 30 2023. The total revenue of USD 265.0 million represents a 9.3% year-over-year increase, while the net income of USD 172.2 million decreased by 25.7%. Despite the decrease in earnings, the stock price rose that day, signaling that investors are encouraged by the growth in total revenue. Going forward, investors should continue to watch for further improvements in financial performance as well as any changes in corporate strategy.
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