Radian Group Intrinsic Value Calculation – Radian Group to Release Quarterly Earnings on Wednesday
October 27, 2023
☀️Trending News
The Radian Group ($NYSE:RDN), Inc., a specialty financial services company with its headquarters in Philadelphia, PA is scheduled to release its quarterly earnings on Wednesday. Radian now offers credit protection, title insurance, and other related services to mortgage lenders, real estate agents, builders, and consumers. Investors will be watching closely as Radian Group releases its earnings report on Wednesday to see how the company has performed in the past quarter. The report will include details on revenue, net income, and other important metrics that provide insights into the health of the business. Analysts are expecting to see strong results from Radian Group, with revenue expected to be up year-over-year.
However, investors will be looking for more than just revenue figures; they’ll be paying close attention to the bottom line numbers as well. Any news that could affect the outlook for Radian Group’s future performance could have a dramatic effect on its stock price. Overall, investors will be eagerly awaiting Radian Group’s earnings report and will be closely examining the details of the report to get a better understanding of how the business is performing.
Earnings
RADIAN GROUP is set to release its quarterly earnings report on Wednesday, for the fiscal year 2023 Q2 as of June 30 2021. According to the report, the company earned 336.99M USD in total revenue and 155.21M USD in net income. This marks a 17.5% increase in total revenue from the same period last year, but a 22.9% decrease in net income.
Furthermore, RADIAN GROUP’s total revenue has decreased from 336.99M USD to 290.41M USD over the past 3 years. This upcoming quarterly earnings report will be a key indicator of the company’s financial performance and future prospects.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Radian Group. More…
| Total Revenues | Net Income | Net Margin |
| 1.21k | 664.45 | 54.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Radian Group. More…
| Operations | Investing | Financing |
| 400.7 | -107.81 | -366.25 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Radian Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.31k | 3.14k | 26.51 |
Key Ratios Snapshot
Some of the financial key ratios for Radian Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -6.1% | – | 77.0% |
| FCF Margin | ROE | ROA |
| 31.4% | 14.1% | 8.0% |
Stock Price
On Wednesday, RADIAN GROUP released its quarterly earnings report. The report indicated that the company’s stock opened at $24.7 and closed at $24.8, which was a 0.6% decrease from its previous closing price of $25.0. This marks the third consecutive quarterly decline in the company’s stock price. However, despite this decrease in stock price, the release of quarterly earnings was still generally well-received by investors and analysts. Live Quote…
Analysis – Radian Group Intrinsic Value Calculation
At GoodWhale, we recently completed an analysis of RADIAN GROUP‘s financials. Based on our proprietary Valuation Line, we determined that the intrinsic value of RADIAN GROUP’s per-share stock is around $28.8. Currently, RADIAN GROUP stock is trading at $24.8, which makes it a fair price but slightly undervalued by 14.0%. More…
Peers
Radian Group Inc’s primary business is providing private mortgage insurance, reinsurance and mortgage financing solutions in the United States through its principal subsidiaries, Radian Guaranty Inc and Radian Asset Assurance Inc. Radian Group Inc competes with other private mortgage insurers such as Enact Holdings Inc, Tiptree Inc, MGIC Investment Corp.
– Enact Holdings Inc ($NASDAQ:ACT)
Enact Holdings Inc is a holding company that operates through its subsidiaries. The company has a market cap of 3.96B as of 2022 and a ROE of 17.23%. The company’s subsidiaries engage in the business of providing health insurance and other related services to individuals and businesses in the United States.
– Tiptree Inc ($NASDAQ:TIPT)
Tiptree Inc is a publicly traded company with a market capitalization of 429.89M as of 2022. The company has a return on equity of 9.05%. Tiptree Inc is engaged in the business of insurance underwriting and reinsurance, as well as investing in real estate and other assets.
– MGIC Investment Corp ($NYSE:MTG)
MGMIC Investment Corp is a holding company that operates through its subsidiaries. The company’s principal business activity is the ownership and management of real estate properties. Its portfolio includes office, retail, and industrial properties in the United States and Europe.
Summary
Radian Group is set to announce its quarterly earnings on Wednesday. This will be closely watched by investors, as it will provide insight into the company’s financial performance for the quarter. Analysts are expecting strong results from the company, fueled by higher demand for their mortgage insurance products. Further, the company has a large, diversified portfolio of investments, which should help to cushion any potential losses or volatility. Investors should also focus on Radian’s balance sheet, which has remained strong in recent years.
Additionally, Radian’s management team is experienced and well-regarded in the industry, which is another sign that their financial results should continue to be strong. Overall, Radian Group appears to be well-positioned to continue strong performance and further expand its presence in the market.
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