Annual Income Statements for Essent Group
This table shows Essent Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Essent Group
This table shows Essent Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
| Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
| Net Income / (Loss) Attributable to Common Shareholders |
|
178 |
147 |
171 |
172 |
178 |
175 |
182 |
204 |
176 |
168 |
| Consolidated Net Income / (Loss) |
|
178 |
147 |
171 |
172 |
178 |
175 |
182 |
204 |
176 |
168 |
| Net Income / (Loss) Continuing Operations |
|
178 |
147 |
171 |
172 |
178 |
175 |
182 |
204 |
176 |
168 |
| Total Pre-Tax Income |
|
211 |
173 |
201 |
209 |
209 |
203 |
214 |
239 |
208 |
195 |
| Total Revenue |
|
257 |
224 |
249 |
253 |
288 |
289 |
290 |
305 |
305 |
307 |
| Net Interest Income / (Expense) |
|
-4.45 |
-6.05 |
-6.94 |
-7.39 |
-7.85 |
-7.95 |
-7.86 |
-7.85 |
-11 |
-8.15 |
| Total Interest Expense |
|
4.45 |
6.05 |
6.94 |
7.39 |
7.85 |
7.95 |
7.86 |
7.85 |
11 |
8.15 |
| Long-Term Debt Interest Expense |
|
4.45 |
6.05 |
6.94 |
7.39 |
7.85 |
7.95 |
7.86 |
7.85 |
11 |
8.15 |
| Total Non-Interest Income |
|
262 |
230 |
256 |
260 |
296 |
297 |
298 |
313 |
317 |
315 |
| Other Service Charges |
|
11 |
-1.89 |
4.94 |
8.09 |
5.61 |
6.40 |
3.74 |
6.55 |
7.41 |
7.23 |
| Net Realized & Unrealized Capital Gains on Investments |
|
42 |
25 |
40 |
39 |
44 |
45 |
49 |
55 |
60 |
63 |
| Premiums Earned |
|
208 |
207 |
211 |
213 |
247 |
246 |
246 |
252 |
249 |
244 |
| Total Non-Interest Expense |
|
46 |
51 |
48 |
43 |
79 |
86 |
77 |
66 |
98 |
112 |
| Property & Liability Insurance Claims |
|
- |
- |
-0.18 |
1.26 |
11 |
20 |
9.91 |
-0.33 |
31 |
41 |
| Insurance Policy Acquisition Costs |
|
42 |
47 |
48 |
42 |
55 |
80 |
57 |
56 |
57 |
100 |
| Income Tax Expense |
|
33 |
26 |
30 |
37 |
31 |
28 |
32 |
36 |
31 |
27 |
| Basic Earnings per Share |
|
$1.67 |
$1.38 |
$1.60 |
$1.62 |
$1.68 |
$1.66 |
$1.72 |
$1.93 |
$1.67 |
$1.60 |
| Weighted Average Basic Shares Outstanding |
|
106.87M |
107.21M |
106.94M |
106.25M |
105.98M |
106.22M |
105.70M |
105.66M |
105.27M |
105.39M |
| Diluted Earnings per Share |
|
$1.66 |
$1.38 |
$1.59 |
$1.61 |
$1.66 |
$1.64 |
$1.70 |
$1.91 |
$1.65 |
$1.59 |
| Weighted Average Diluted Shares Outstanding |
|
107.34M |
107.65M |
107.59M |
107.09M |
107.03M |
107.13M |
106.77M |
106.78M |
106.55M |
106.55M |
| Weighted Average Basic & Diluted Shares Outstanding |
|
107.71M |
108.10M |
107.26M |
106.99M |
106.76M |
106.87M |
106.67M |
106.25M |
106.21M |
103.84M |
Annual Cash Flow Statements for Essent Group
This table details how cash moves in and out of Essent Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
| Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Net Change in Cash & Equivalents |
|
0.20 |
2.93 |
16 |
21 |
6.40 |
31 |
-21 |
-0.25 |
61 |
-10 |
| Net Cash From Operating Activities |
|
227 |
275 |
369 |
625 |
590 |
728 |
709 |
589 |
763 |
862 |
| Net Cash From Continuing Operating Activities |
|
227 |
275 |
369 |
625 |
590 |
728 |
709 |
589 |
763 |
862 |
| Net Income / (Loss) Continuing Operations |
|
157 |
223 |
380 |
467 |
556 |
413 |
682 |
831 |
696 |
729 |
| Consolidated Net Income / (Loss) |
|
157 |
223 |
380 |
467 |
556 |
413 |
682 |
831 |
696 |
729 |
| Depreciation Expense |
|
3.22 |
4.06 |
3.92 |
3.40 |
3.77 |
3.33 |
3.38 |
3.02 |
4.53 |
5.78 |
| Amortization Expense |
|
10 |
10 |
12 |
14 |
16 |
23 |
34 |
18 |
15 |
20 |
| Non-Cash Adjustments to Reconcile Net Income |
|
63 |
73 |
-2.76 |
65 |
74 |
56 |
74 |
75 |
31 |
66 |
| Changes in Operating Assets and Liabilities, net |
|
-7.23 |
-35 |
-24 |
76 |
-59 |
232 |
-83 |
-339 |
16 |
40 |
| Net Cash From Investing Activities |
|
-221 |
-365 |
-690 |
-547 |
-545 |
-1,154 |
-583 |
-399 |
-526 |
-707 |
| Net Cash From Continuing Investing Activities |
|
-221 |
-365 |
-690 |
-547 |
-545 |
-1,154 |
-583 |
-399 |
-526 |
-707 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
-4.96 |
-3.16 |
-2.78 |
-4.05 |
-3.41 |
-2.45 |
-2.50 |
-3.98 |
-4.00 |
-6.77 |
| Purchase of Investment Securities |
|
-674 |
-657 |
-833 |
-999 |
-1,095 |
-1,592 |
-1,924 |
-1,453 |
-1,243 |
-1,533 |
| Sale and/or Maturity of Investments |
|
458 |
295 |
146 |
456 |
553 |
440 |
1,344 |
1,058 |
721 |
833 |
| Net Cash From Financing Activities |
|
-5.65 |
94 |
338 |
-57 |
-38 |
458 |
-147 |
-190 |
-177 |
-165 |
| Net Cash From Continuing Financing Activities |
|
-5.65 |
94 |
338 |
-57 |
-38 |
458 |
-147 |
-190 |
-177 |
-165 |
| Issuance of Debt |
|
0.00 |
100 |
200 |
15 |
0.00 |
200 |
225 |
0.00 |
0.00 |
498 |
| Repayment of Debt |
|
0.00 |
-2.44 |
-53 |
-41 |
-0.02 |
-106 |
-131 |
-0.15 |
0.00 |
-433 |
| Repurchase of Common Equity |
|
-5.17 |
-4.02 |
-7.58 |
-31 |
-9.01 |
-6.35 |
-164 |
-98 |
-71 |
-112 |
| Payment of Dividends |
|
- |
- |
0.00 |
0.00 |
-29 |
-69 |
-78 |
-92 |
-106 |
-118 |
| Cash Interest Paid |
|
0.00 |
0.32 |
4.69 |
9.45 |
9.86 |
8.26 |
6.95 |
14 |
29 |
17 |
| Cash Income Taxes Paid |
|
16 |
31 |
40 |
29 |
42 |
39 |
56 |
98 |
140 |
93 |
Quarterly Cash Flow Statements for Essent Group
This table details how cash moves in and out of Essent Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
| Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
| Net Change in Cash & Equivalents |
|
1.62 |
1.77 |
-13 |
-0.53 |
29 |
45 |
22 |
33 |
-88 |
22 |
| Net Cash From Operating Activities |
|
173 |
172 |
185 |
168 |
195 |
215 |
217 |
189 |
229 |
227 |
| Net Cash From Continuing Operating Activities |
|
173 |
172 |
185 |
168 |
195 |
215 |
217 |
189 |
229 |
227 |
| Net Income / (Loss) Continuing Operations |
|
178 |
147 |
171 |
172 |
178 |
175 |
182 |
204 |
176 |
168 |
| Consolidated Net Income / (Loss) |
|
178 |
147 |
171 |
172 |
178 |
175 |
182 |
204 |
176 |
168 |
| Depreciation Expense |
|
0.74 |
0.79 |
0.70 |
0.74 |
1.74 |
1.34 |
1.39 |
1.47 |
1.49 |
1.43 |
| Amortization Expense |
|
4.20 |
3.69 |
3.20 |
3.50 |
3.74 |
4.46 |
4.54 |
5.13 |
5.28 |
5.28 |
| Non-Cash Adjustments to Reconcile Net Income |
|
11 |
30 |
26 |
-38 |
23 |
20 |
21 |
21 |
16 |
7.11 |
| Changes in Operating Assets and Liabilities, net |
|
-21 |
-9.31 |
-16 |
29 |
-12 |
14 |
8.28 |
-43 |
30 |
45 |
| Net Cash From Investing Activities |
|
-147 |
-146 |
-149 |
-112 |
-135 |
-129 |
-151 |
-104 |
-344 |
-108 |
| Net Cash From Continuing Investing Activities |
|
-147 |
-146 |
-149 |
-112 |
-135 |
-129 |
-151 |
-104 |
-344 |
-108 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
-0.86 |
-1.47 |
-0.39 |
-0.41 |
-1.05 |
-2.16 |
-4.48 |
-1.06 |
-0.50 |
-0.72 |
| Purchase of Investment Securities |
|
-284 |
-362 |
-800 |
-69 |
-106 |
-268 |
-69 |
-6.92 |
-1,046 |
-410 |
| Sale and/or Maturity of Investments |
|
137 |
217 |
651 |
-43 |
-28 |
141 |
-77 |
-96 |
703 |
303 |
| Net Cash From Financing Activities |
|
-24 |
-25 |
-48 |
-56 |
-32 |
-41 |
-43 |
-52 |
26 |
-97 |
| Net Cash From Continuing Financing Activities |
|
-24 |
-25 |
-48 |
-56 |
-32 |
-41 |
-43 |
-52 |
26 |
-97 |
| Repayment of Debt |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
-0.89 |
| Repurchase of Common Equity |
|
-0.02 |
-0.14 |
-21 |
-30 |
-5.04 |
-15 |
-14 |
-22 |
-9.65 |
-66 |
| Payment of Dividends |
|
-24 |
-25 |
-27 |
-27 |
-26 |
-26 |
-30 |
-30 |
-29 |
-29 |
| Cash Income Taxes Paid |
|
24 |
25 |
0.00 |
35 |
19 |
86 |
0.62 |
51 |
21 |
20 |
Annual Balance Sheets for Essent Group
This table presents Essent Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Total Assets |
|
1,469 |
1,883 |
2,674 |
3,150 |
3,873 |
5,203 |
5,722 |
5,724 |
6,427 |
7,112 |
| Cash and Due from Banks |
|
25 |
28 |
44 |
65 |
71 |
103 |
81 |
81 |
142 |
131 |
| Trading Account Securities |
|
1,191 |
1,483 |
1,993 |
2,637 |
3,430 |
4,654 |
5,133 |
5,000 |
5,541 |
6,181 |
| Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Accrued Investment Income |
|
7.77 |
9.49 |
13 |
18 |
19 |
20 |
27 |
33 |
36 |
44 |
| Premises and Equipment, Net |
|
9.02 |
8.12 |
6.98 |
7.63 |
17 |
15 |
12 |
20 |
41 |
42 |
| Mortgage Servicing Rights |
|
119 |
181 |
252 |
202 |
262 |
303 |
361 |
418 |
471 |
490 |
| Deferred Acquisition Cost |
|
12 |
13 |
15 |
16 |
16 |
17 |
12 |
9.91 |
9.14 |
9.65 |
| Intangible Assets |
|
- |
- |
- |
- |
- |
- |
- |
0.00 |
73 |
80 |
| Other Assets |
|
106 |
160 |
351 |
205 |
59 |
91 |
96 |
162 |
114 |
135 |
| Total Liabilities & Shareholders' Equity |
|
1,469 |
1,883 |
2,674 |
3,150 |
3,873 |
5,203 |
5,722 |
5,724 |
6,427 |
7,112 |
| Total Liabilities |
|
350 |
539 |
734 |
784 |
889 |
1,340 |
1,486 |
1,261 |
1,324 |
1,508 |
| Short-Term Debt |
|
0.00 |
100 |
249 |
224 |
224 |
322 |
420 |
421 |
422 |
0.00 |
| Long-Term Debt |
|
- |
- |
- |
- |
- |
- |
- |
- |
0.00 |
494 |
| Claims and Claim Expense |
|
18 |
28 |
47 |
49 |
69 |
375 |
407 |
216 |
260 |
329 |
| Unearned Premiums Liability |
|
201 |
220 |
260 |
295 |
279 |
250 |
185 |
163 |
140 |
116 |
| Other Long-Term Liabilities |
|
131 |
191 |
179 |
216 |
316 |
393 |
473 |
461 |
502 |
569 |
| Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Equity & Noncontrolling Interests |
|
1,119 |
1,344 |
1,940 |
2,366 |
2,985 |
3,863 |
4,236 |
4,462 |
5,103 |
5,604 |
| Total Preferred & Common Equity |
|
1,119 |
1,344 |
1,940 |
2,366 |
2,985 |
3,863 |
4,236 |
4,462 |
5,103 |
5,604 |
| Total Common Equity |
|
1,119 |
1,344 |
1,940 |
2,366 |
2,985 |
3,863 |
4,236 |
4,462 |
5,103 |
5,604 |
| Common Stock |
|
906 |
920 |
1,129 |
1,112 |
1,120 |
1,573 |
1,431 |
1,352 |
1,301 |
1,217 |
| Retained Earnings |
|
214 |
436 |
815 |
1,282 |
1,809 |
2,152 |
2,755 |
3,493 |
4,082 |
4,691 |
| Accumulated Other Comprehensive Income / (Loss) |
|
-0.10 |
-12 |
-3.25 |
-29 |
56 |
138 |
51 |
-383 |
-280 |
-304 |
Quarterly Balance Sheets for Essent Group
This table presents Essent Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
| Total Assets |
|
5,557 |
5,928 |
5,983 |
6,094 |
6,565 |
6,693 |
7,127 |
| Cash and Due from Banks |
|
79 |
69 |
68 |
97 |
164 |
197 |
109 |
| Trading Account Securities |
|
4,848 |
5,205 |
5,289 |
5,270 |
5,649 |
5,738 |
6,245 |
| Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Accrued Investment Income |
|
30 |
37 |
36 |
37 |
36 |
36 |
40 |
| Premises and Equipment, Net |
|
20 |
19 |
31 |
41 |
44 |
43 |
41 |
| Mortgage Servicing Rights |
|
406 |
418 |
446 |
461 |
467 |
487 |
494 |
| Deferred Acquisition Cost |
|
10 |
9.51 |
9.46 |
9.38 |
8.98 |
9.20 |
9.49 |
| Intangible Assets |
|
- |
- |
- |
64 |
72 |
70 |
70 |
| Other Assets |
|
164 |
170 |
103 |
115 |
124 |
112 |
116 |
| Total Liabilities & Shareholders' Equity |
|
5,557 |
5,928 |
5,983 |
6,094 |
6,565 |
6,693 |
7,127 |
| Total Liabilities |
|
1,263 |
1,279 |
1,250 |
1,286 |
1,339 |
1,313 |
1,486 |
| Short-Term Debt |
|
421 |
421 |
421 |
422 |
422 |
422 |
494 |
| Claims and Claim Expense |
|
212 |
216 |
217 |
241 |
267 |
261 |
288 |
| Unearned Premiums Liability |
|
169 |
158 |
154 |
148 |
133 |
127 |
121 |
| Other Long-Term Liabilities |
|
460 |
484 |
458 |
475 |
516 |
503 |
583 |
| Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Equity & Noncontrolling Interests |
|
4,294 |
4,649 |
4,733 |
4,808 |
5,226 |
5,380 |
5,641 |
| Total Preferred & Common Equity |
|
4,294 |
4,649 |
4,733 |
4,808 |
5,226 |
5,380 |
5,641 |
| Total Common Equity |
|
4,294 |
4,649 |
4,733 |
4,808 |
5,226 |
5,380 |
5,641 |
| Common Stock |
|
1,347 |
1,336 |
1,311 |
1,311 |
1,295 |
1,281 |
1,278 |
| Retained Earnings |
|
3,371 |
3,637 |
3,782 |
3,933 |
4,233 |
4,407 |
4,553 |
| Accumulated Other Comprehensive Income / (Loss) |
|
-424 |
-324 |
-360 |
-436 |
-302 |
-308 |
-190 |
Annual Metrics And Ratios for Essent Group
This table displays calculated financial ratios and metrics derived from Essent Group's official financial filings.
| Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
47.53% |
29.59% |
24.79% |
24.13% |
20.93% |
10.32% |
7.84% |
-3.43% |
9.58% |
11.85% |
| EBITDA Growth |
|
66.37% |
35.10% |
26.99% |
36.14% |
20.28% |
-23.86% |
66.29% |
17.47% |
-16.56% |
4.64% |
| EBIT Growth |
|
68.03% |
36.55% |
27.79% |
37.17% |
20.59% |
-25.66% |
67.79% |
20.17% |
-16.72% |
3.95% |
| NOPAT Growth |
|
77.78% |
41.49% |
70.59% |
23.07% |
18.90% |
-25.67% |
65.06% |
21.94% |
-16.23% |
4.74% |
| Net Income Growth |
|
77.78% |
41.49% |
70.59% |
23.07% |
18.90% |
-25.67% |
65.06% |
21.94% |
-16.23% |
4.74% |
| EPS Growth |
|
66.99% |
40.12% |
65.56% |
19.55% |
18.66% |
-31.45% |
57.47% |
26.35% |
-15.80% |
5.38% |
| Operating Cash Flow Growth |
|
47.40% |
21.19% |
34.24% |
69.66% |
-5.67% |
23.41% |
-2.57% |
-16.98% |
29.58% |
12.91% |
| Free Cash Flow Firm Growth |
|
95.75% |
-1,551.43% |
-258.60% |
118.33% |
-195.49% |
-778.65% |
137.39% |
187.40% |
-90.88% |
183.64% |
| Invested Capital Growth |
|
17.11% |
29.00% |
51.62% |
18.29% |
23.93% |
30.39% |
11.27% |
4.88% |
13.13% |
10.37% |
| Revenue Q/Q Growth |
|
7.53% |
6.64% |
6.19% |
4.61% |
4.41% |
1.97% |
0.97% |
-3.03% |
6.44% |
1.47% |
| EBITDA Q/Q Growth |
|
9.25% |
7.74% |
4.78% |
9.05% |
3.53% |
-5.02% |
9.42% |
-4.61% |
3.86% |
-0.80% |
| EBIT Q/Q Growth |
|
9.39% |
8.21% |
4.74% |
9.34% |
3.54% |
-5.48% |
9.43% |
-4.27% |
3.78% |
-0.93% |
| NOPAT Q/Q Growth |
|
11.02% |
8.91% |
35.72% |
-6.80% |
3.43% |
-5.35% |
9.19% |
-3.89% |
4.19% |
-1.01% |
| Net Income Q/Q Growth |
|
11.02% |
8.91% |
35.72% |
-6.80% |
3.43% |
-5.35% |
9.19% |
-3.89% |
4.19% |
-1.01% |
| EPS Q/Q Growth |
|
10.26% |
8.07% |
33.89% |
-7.02% |
3.28% |
-9.35% |
9.69% |
-3.26% |
4.17% |
-0.72% |
| Operating Cash Flow Q/Q Growth |
|
7.21% |
2.73% |
12.82% |
3.79% |
4.59% |
1.98% |
1.67% |
-3.08% |
5.99% |
1.32% |
| Free Cash Flow Firm Q/Q Growth |
|
95.58% |
-28.08% |
-16.39% |
296.36% |
38.09% |
14.23% |
-31.08% |
-5.72% |
-64.12% |
192.94% |
| Invested Capital Q/Q Growth |
|
4.00% |
6.14% |
12.02% |
6.18% |
4.22% |
0.32% |
3.68% |
3.57% |
5.64% |
-0.60% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
68.39% |
71.30% |
72.55% |
79.57% |
79.15% |
54.63% |
84.24% |
102.47% |
78.03% |
73.00% |
| EBIT Margin |
|
64.65% |
68.12% |
69.76% |
77.09% |
76.87% |
51.80% |
80.60% |
100.30% |
76.23% |
70.84% |
| Profit (Net Income) Margin |
|
44.53% |
48.62% |
66.47% |
65.90% |
64.80% |
43.66% |
66.83% |
84.38% |
64.50% |
60.40% |
| Tax Burden Percent |
|
68.88% |
71.38% |
95.28% |
85.49% |
84.32% |
84.28% |
82.91% |
84.13% |
84.62% |
85.26% |
| Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
99.97% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
| Effective Tax Rate |
|
31.12% |
28.62% |
4.72% |
14.51% |
15.68% |
15.72% |
17.09% |
15.87% |
15.38% |
14.74% |
| Return on Invested Capital (ROIC) |
|
15.16% |
17.37% |
20.91% |
19.56% |
19.17% |
11.17% |
15.42% |
17.43% |
13.38% |
12.55% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
17.37% |
20.91% |
19.56% |
19.17% |
11.17% |
15.42% |
17.43% |
13.38% |
12.55% |
| Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
0.71% |
2.22% |
2.15% |
1.60% |
0.89% |
1.41% |
1.68% |
1.18% |
1.07% |
| Return on Equity (ROE) |
|
0.00% |
18.08% |
23.13% |
21.71% |
20.77% |
12.06% |
16.84% |
19.12% |
14.56% |
13.63% |
| Cash Return on Invested Capital (CROIC) |
|
-0.59% |
-7.95% |
-20.12% |
2.80% |
-2.21% |
-15.21% |
4.76% |
12.67% |
1.06% |
2.69% |
| Operating Return on Assets (OROA) |
|
17.23% |
18.61% |
17.49% |
18.77% |
18.77% |
10.80% |
15.05% |
17.27% |
13.55% |
12.64% |
| Return on Assets (ROA) |
|
11.87% |
13.28% |
16.67% |
16.05% |
15.82% |
9.10% |
12.48% |
14.53% |
11.46% |
10.78% |
| Return on Common Equity (ROCE) |
|
0.00% |
18.08% |
23.13% |
21.71% |
20.77% |
12.06% |
16.84% |
19.12% |
14.56% |
13.63% |
| Return on Equity Simple (ROE_SIMPLE) |
|
14.06% |
16.57% |
19.57% |
19.76% |
18.62% |
10.69% |
16.09% |
18.63% |
13.65% |
13.02% |
| Net Operating Profit after Tax (NOPAT) |
|
157 |
223 |
380 |
467 |
556 |
413 |
682 |
831 |
696 |
729 |
| NOPAT Margin |
|
44.53% |
48.62% |
66.47% |
65.90% |
64.80% |
43.66% |
66.83% |
84.38% |
64.50% |
60.40% |
| Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Operating Expenses to Revenue |
|
35.35% |
31.88% |
30.24% |
22.91% |
23.13% |
48.20% |
19.40% |
-0.30% |
23.77% |
29.16% |
| Earnings before Interest and Taxes (EBIT) |
|
228 |
312 |
399 |
547 |
659 |
490 |
822 |
988 |
823 |
855 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
242 |
326 |
415 |
564 |
679 |
517 |
859 |
1,010 |
842 |
882 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
1.65 |
2.05 |
2.01 |
1.29 |
1.57 |
1.17 |
1.13 |
0.90 |
1.08 |
1.03 |
| Price to Tangible Book Value (P/TBV) |
|
1.65 |
2.05 |
2.01 |
1.29 |
1.57 |
1.17 |
1.13 |
0.90 |
1.10 |
1.05 |
| Price to Revenue (P/Rev) |
|
5.24 |
6.01 |
6.83 |
4.32 |
5.48 |
4.79 |
4.67 |
4.08 |
5.12 |
4.79 |
| Price to Earnings (P/E) |
|
11.77 |
12.36 |
10.28 |
6.55 |
8.46 |
10.98 |
7.00 |
4.84 |
7.93 |
7.93 |
| Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.63% |
1.59% |
1.62% |
2.30% |
1.93% |
2.06% |
| Earnings Yield |
|
8.49% |
8.09% |
9.73% |
15.26% |
11.83% |
9.11% |
14.30% |
20.68% |
12.61% |
12.61% |
| Enterprise Value to Invested Capital (EV/IC) |
|
1.63 |
1.96 |
1.88 |
1.24 |
1.51 |
1.14 |
1.10 |
0.89 |
1.05 |
1.01 |
| Enterprise Value to Revenue (EV/Rev) |
|
5.17 |
6.17 |
7.19 |
4.54 |
5.66 |
5.02 |
5.01 |
4.43 |
5.38 |
5.09 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
7.56 |
8.65 |
9.91 |
5.71 |
7.15 |
9.20 |
5.94 |
4.32 |
6.89 |
6.97 |
| Enterprise Value to EBIT (EV/EBIT) |
|
8.00 |
9.06 |
10.31 |
5.89 |
7.36 |
9.70 |
6.21 |
4.41 |
7.05 |
7.18 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
11.62 |
12.69 |
10.82 |
6.89 |
8.73 |
11.51 |
7.49 |
5.24 |
8.33 |
8.42 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
8.07 |
10.29 |
11.15 |
5.15 |
8.23 |
6.53 |
7.20 |
7.40 |
7.61 |
7.13 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
48.08 |
0.00 |
0.00 |
24.30 |
7.22 |
105.34 |
39.32 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
0.00 |
0.07 |
0.13 |
0.09 |
0.08 |
0.08 |
0.10 |
0.09 |
0.08 |
0.09 |
| Long-Term Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.09 |
| Financial Leverage |
|
0.00 |
0.04 |
0.11 |
0.11 |
0.08 |
0.08 |
0.09 |
0.10 |
0.09 |
0.09 |
| Leverage Ratio |
|
1.28 |
1.36 |
1.39 |
1.35 |
1.31 |
1.33 |
1.35 |
1.32 |
1.27 |
1.26 |
| Compound Leverage Factor |
|
1.28 |
1.36 |
1.39 |
1.35 |
1.31 |
1.33 |
1.35 |
1.32 |
1.27 |
1.26 |
| Debt to Total Capital |
|
0.00% |
6.93% |
11.36% |
8.64% |
6.99% |
7.69% |
9.02% |
8.62% |
7.64% |
8.10% |
| Short-Term Debt to Total Capital |
|
0.00% |
6.93% |
11.36% |
8.64% |
6.99% |
7.69% |
9.02% |
8.62% |
7.64% |
0.00% |
| Long-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
8.10% |
| Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Common Equity to Total Capital |
|
100.00% |
93.07% |
88.64% |
91.36% |
93.01% |
92.31% |
90.98% |
91.38% |
92.36% |
91.90% |
| Debt to EBITDA |
|
0.00 |
0.31 |
0.60 |
0.40 |
0.33 |
0.62 |
0.49 |
0.42 |
0.50 |
0.56 |
| Net Debt to EBITDA |
|
0.00 |
0.22 |
0.49 |
0.28 |
0.23 |
0.42 |
0.39 |
0.34 |
0.33 |
0.41 |
| Long-Term Debt to EBITDA |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.56 |
| Debt to NOPAT |
|
0.00 |
0.45 |
0.65 |
0.48 |
0.40 |
0.78 |
0.62 |
0.51 |
0.61 |
0.68 |
| Net Debt to NOPAT |
|
0.00 |
0.33 |
0.54 |
0.34 |
0.28 |
0.53 |
0.50 |
0.41 |
0.40 |
0.50 |
| Long-Term Debt to NOPAT |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.68 |
| Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
-6.17 |
-102 |
-366 |
67 |
-64 |
-562 |
210 |
604 |
55 |
156 |
| Operating Cash Flow to CapEx |
|
4,567.72% |
8,683.08% |
13,243.73% |
15,424.79% |
17,302.67% |
29,760.06% |
28,392.95% |
14,790.68% |
19,065.49% |
12,733.25% |
| Free Cash Flow to Firm to Interest Expense |
|
0.00 |
-239.26 |
-70.59 |
6.58 |
-6.30 |
-61.96 |
25.38 |
38.71 |
1.83 |
4.42 |
| Operating Cash Flow to Interest Expense |
|
0.00 |
644.50 |
71.18 |
61.43 |
58.11 |
80.22 |
85.64 |
37.73 |
25.32 |
24.39 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
637.08 |
70.64 |
61.03 |
57.77 |
79.95 |
85.34 |
37.47 |
25.19 |
24.20 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.27 |
0.27 |
0.25 |
0.24 |
0.24 |
0.21 |
0.19 |
0.17 |
0.18 |
0.18 |
| Fixed Asset Turnover |
|
47.54 |
53.42 |
75.68 |
97.09 |
68.78 |
58.39 |
75.53 |
62.57 |
35.47 |
29.04 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
1,119 |
1,444 |
2,189 |
2,589 |
3,209 |
4,184 |
4,656 |
4,883 |
5,524 |
6,098 |
| Invested Capital Turnover |
|
0.34 |
0.36 |
0.31 |
0.30 |
0.30 |
0.26 |
0.23 |
0.21 |
0.21 |
0.21 |
| Increase / (Decrease) in Invested Capital |
|
164 |
325 |
745 |
400 |
620 |
975 |
472 |
227 |
641 |
573 |
| Enterprise Value (EV) |
|
1,827 |
2,825 |
4,108 |
3,222 |
4,852 |
4,754 |
5,107 |
4,360 |
5,803 |
6,145 |
| Market Capitalization |
|
1,852 |
2,752 |
3,903 |
3,063 |
4,699 |
4,535 |
4,769 |
4,020 |
5,523 |
5,782 |
| Book Value per Share |
|
$12.08 |
$14.43 |
$19.71 |
$24.11 |
$30.34 |
$34.36 |
$38.36 |
$41.43 |
$47.79 |
$52.76 |
| Tangible Book Value per Share |
|
$12.08 |
$14.43 |
$19.71 |
$24.11 |
$30.34 |
$34.36 |
$38.36 |
$41.43 |
$47.11 |
$52.01 |
| Total Capital |
|
1,119 |
1,444 |
2,189 |
2,589 |
3,209 |
4,184 |
4,656 |
4,883 |
5,524 |
6,098 |
| Total Debt |
|
0.00 |
100 |
249 |
224 |
224 |
322 |
420 |
421 |
422 |
494 |
| Total Long-Term Debt |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
494 |
| Net Debt |
|
-25 |
72 |
205 |
159 |
153 |
219 |
338 |
340 |
280 |
362 |
| Capital Expenditures (CapEx) |
|
4.96 |
3.16 |
2.78 |
4.05 |
3.41 |
2.45 |
2.50 |
3.98 |
4.00 |
6.77 |
| Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Net Nonoperating Obligations (NNO) |
|
0.00 |
100 |
249 |
224 |
224 |
322 |
420 |
421 |
422 |
494 |
| Total Depreciation and Amortization (D&A) |
|
13 |
15 |
16 |
18 |
20 |
27 |
37 |
21 |
19 |
26 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$1.74 |
$2.45 |
$4.07 |
$4.80 |
$5.68 |
$3.89 |
$6.13 |
$7.75 |
$6.56 |
$6.92 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
90.35M |
90.91M |
93.33M |
97.40M |
97.76M |
106.10M |
111.16M |
107.21M |
106.22M |
105.39M |
| Adjusted Diluted Earnings per Share |
|
$1.72 |
$2.41 |
$3.99 |
$4.77 |
$5.66 |
$3.88 |
$6.11 |
$7.72 |
$6.50 |
$6.85 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
91.74M |
92.25M |
95.21M |
97.97M |
98.23M |
106.38M |
111.56M |
107.65M |
107.13M |
106.55M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
93.06M |
93.39M |
98.09M |
98.29M |
98.45M |
112.84M |
108.78M |
108.10M |
106.87M |
103.84M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
157 |
223 |
380 |
467 |
556 |
413 |
682 |
831 |
696 |
729 |
| Normalized NOPAT Margin |
|
44.53% |
48.62% |
66.47% |
65.90% |
64.80% |
43.66% |
66.83% |
84.38% |
64.50% |
60.40% |
| Pre Tax Income Margin |
|
64.65% |
68.12% |
69.76% |
77.09% |
76.85% |
51.80% |
80.60% |
100.30% |
76.23% |
70.84% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
0.00 |
732.12 |
76.97 |
53.71 |
64.95 |
54.01 |
99.29 |
63.31 |
27.31 |
24.22 |
| NOPAT to Interest Expense |
|
0.00 |
522.55 |
73.34 |
45.91 |
54.74 |
45.52 |
82.32 |
53.26 |
23.11 |
20.65 |
| EBIT Less CapEx to Interest Expense |
|
0.00 |
724.69 |
76.44 |
53.31 |
64.61 |
53.74 |
98.99 |
63.06 |
27.18 |
24.03 |
| NOPAT Less CapEx to Interest Expense |
|
0.00 |
515.13 |
72.80 |
45.52 |
54.41 |
45.25 |
82.02 |
53.01 |
22.97 |
20.46 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
5.28% |
16.80% |
11.40% |
11.08% |
15.25% |
16.18% |
| Augmented Payout Ratio |
|
3.28% |
1.81% |
2.00% |
6.72% |
6.90% |
18.34% |
35.43% |
22.86% |
25.40% |
31.48% |
Quarterly Metrics And Ratios for Essent Group
This table displays calculated financial ratios and metrics derived from Essent Group's official financial filings.
| Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
-8.58% |
-12.10% |
-4.98% |
4.64% |
12.02% |
29.17% |
16.52% |
20.72% |
5.85% |
6.07% |
| EBITDA Growth |
|
-16.03% |
-21.56% |
-38.99% |
-23.70% |
-0.44% |
17.62% |
7.06% |
15.12% |
-0.27% |
-3.40% |
| EBIT Growth |
|
-14.50% |
-20.29% |
-38.71% |
-24.12% |
-0.70% |
17.32% |
6.18% |
14.30% |
-0.89% |
-3.95% |
| NOPAT Growth |
|
-13.30% |
-18.58% |
-37.69% |
-25.69% |
-0.05% |
19.00% |
6.38% |
18.22% |
-1.00% |
-4.26% |
| Net Income Growth |
|
-13.30% |
-18.58% |
-37.69% |
-25.69% |
-0.05% |
19.00% |
6.38% |
18.22% |
-1.00% |
-4.26% |
| EPS Growth |
|
-9.78% |
-15.85% |
-36.90% |
-25.46% |
0.00% |
18.84% |
6.92% |
18.63% |
-0.60% |
-3.05% |
| Operating Cash Flow Growth |
|
-3.26% |
-9.80% |
2.30% |
165.08% |
13.03% |
25.00% |
17.40% |
12.51% |
17.51% |
5.22% |
| Free Cash Flow Firm Growth |
|
59.52% |
72.52% |
-123.78% |
-443.23% |
-629.86% |
-483.36% |
-50.15% |
-52.97% |
-116.33% |
13.02% |
| Invested Capital Growth |
|
4.99% |
4.88% |
9.38% |
9.85% |
10.92% |
13.13% |
11.41% |
12.56% |
17.31% |
10.37% |
| Revenue Q/Q Growth |
|
6.54% |
-12.95% |
11.30% |
1.37% |
14.05% |
0.37% |
0.40% |
5.03% |
0.01% |
0.58% |
| EBITDA Q/Q Growth |
|
-22.87% |
-17.78% |
15.61% |
4.07% |
0.64% |
-2.87% |
5.23% |
11.90% |
-12.81% |
-5.92% |
| EBIT Q/Q Growth |
|
-23.53% |
-17.98% |
16.36% |
3.98% |
0.07% |
-3.09% |
5.31% |
11.92% |
-13.23% |
-6.08% |
| NOPAT Q/Q Growth |
|
-23.18% |
-17.23% |
15.92% |
0.82% |
3.32% |
-1.46% |
3.62% |
12.05% |
-13.47% |
-4.70% |
| Net Income Q/Q Growth |
|
-23.18% |
-17.23% |
15.92% |
0.82% |
3.32% |
-1.46% |
3.62% |
12.05% |
-13.47% |
-4.70% |
| EPS Q/Q Growth |
|
-23.15% |
-16.87% |
15.22% |
1.26% |
3.11% |
-1.20% |
3.66% |
12.35% |
-13.61% |
-3.64% |
| Operating Cash Flow Q/Q Growth |
|
172.74% |
-0.11% |
7.21% |
-9.24% |
16.30% |
10.46% |
0.69% |
-13.02% |
21.47% |
-1.09% |
| Free Cash Flow Firm Q/Q Growth |
|
13.59% |
-73.03% |
-230.66% |
-9.87% |
-16.10% |
-38.30% |
14.89% |
-11.94% |
-64.19% |
44.40% |
| Invested Capital Q/Q Growth |
|
0.48% |
3.57% |
3.83% |
1.67% |
1.45% |
5.64% |
2.24% |
2.72% |
5.73% |
-0.60% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
83.89% |
79.24% |
82.31% |
84.49% |
74.56% |
72.15% |
75.62% |
80.57% |
70.25% |
65.71% |
| EBIT Margin |
|
81.97% |
77.23% |
80.74% |
82.81% |
72.66% |
70.15% |
73.58% |
78.41% |
68.03% |
63.53% |
| Profit (Net Income) Margin |
|
69.20% |
65.79% |
68.52% |
68.15% |
61.74% |
60.61% |
62.55% |
66.74% |
57.74% |
54.71% |
| Tax Burden Percent |
|
84.42% |
85.18% |
84.86% |
82.29% |
84.97% |
86.40% |
85.02% |
85.11% |
84.87% |
86.12% |
| Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
| Effective Tax Rate |
|
15.58% |
14.82% |
15.14% |
17.71% |
15.03% |
13.60% |
14.98% |
14.89% |
15.13% |
13.88% |
| Return on Invested Capital (ROIC) |
|
15.27% |
13.59% |
13.73% |
13.61% |
12.59% |
12.58% |
13.08% |
14.29% |
12.09% |
11.37% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
15.27% |
13.59% |
13.73% |
13.61% |
12.59% |
12.58% |
13.08% |
14.29% |
12.09% |
11.37% |
| Return on Net Nonoperating Assets (RNNOA) |
|
1.34% |
1.31% |
1.30% |
1.27% |
1.17% |
1.11% |
1.12% |
1.19% |
1.06% |
0.97% |
| Return on Equity (ROE) |
|
16.62% |
14.90% |
15.03% |
14.88% |
13.76% |
13.68% |
14.20% |
15.48% |
13.15% |
12.34% |
| Cash Return on Invested Capital (CROIC) |
|
13.92% |
12.67% |
6.04% |
4.19% |
3.09% |
1.06% |
2.41% |
1.66% |
-2.96% |
2.69% |
| Operating Return on Assets (OROA) |
|
14.94% |
13.30% |
13.63% |
14.16% |
12.65% |
12.47% |
13.20% |
14.51% |
12.25% |
11.33% |
| Return on Assets (ROA) |
|
12.61% |
11.33% |
11.57% |
11.65% |
10.75% |
10.77% |
11.22% |
12.35% |
10.39% |
9.76% |
| Return on Common Equity (ROCE) |
|
16.62% |
14.90% |
15.03% |
14.88% |
13.76% |
13.68% |
14.20% |
15.48% |
13.15% |
12.34% |
| Return on Equity Simple (ROE_SIMPLE) |
|
20.14% |
0.00% |
15.66% |
14.12% |
13.90% |
0.00% |
13.53% |
13.73% |
13.06% |
0.00% |
| Net Operating Profit after Tax (NOPAT) |
|
178 |
147 |
171 |
172 |
178 |
175 |
182 |
204 |
176 |
168 |
| NOPAT Margin |
|
69.20% |
65.79% |
68.52% |
68.15% |
61.74% |
60.61% |
62.55% |
66.74% |
57.74% |
54.71% |
| Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
4.57% |
0.00% |
3.27% |
3.35% |
3.15% |
0.00% |
| Operating Expenses to Revenue |
|
18.03% |
22.77% |
19.26% |
17.19% |
27.34% |
29.85% |
26.42% |
21.59% |
31.97% |
36.47% |
| Earnings before Interest and Taxes (EBIT) |
|
211 |
173 |
201 |
209 |
209 |
203 |
214 |
239 |
208 |
195 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
216 |
177 |
205 |
214 |
215 |
209 |
220 |
246 |
214 |
202 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
0.84 |
0.90 |
0.91 |
1.04 |
1.03 |
1.08 |
1.21 |
1.11 |
1.21 |
1.03 |
| Price to Tangible Book Value (P/TBV) |
|
0.84 |
0.90 |
0.91 |
1.04 |
1.05 |
1.10 |
1.23 |
1.13 |
1.23 |
1.05 |
| Price to Revenue (P/Rev) |
|
3.56 |
4.08 |
4.34 |
5.00 |
4.89 |
5.12 |
5.64 |
5.11 |
5.74 |
4.79 |
| Price to Earnings (P/E) |
|
4.18 |
4.84 |
5.80 |
7.36 |
7.42 |
7.93 |
8.94 |
8.11 |
9.27 |
7.93 |
| Dividend Yield |
|
2.44% |
2.30% |
2.33% |
2.07% |
2.11% |
1.93% |
1.74% |
1.89% |
1.70% |
2.06% |
| Earnings Yield |
|
23.91% |
20.68% |
17.25% |
13.59% |
13.47% |
12.61% |
11.19% |
12.32% |
10.79% |
12.61% |
| Enterprise Value to Invested Capital (EV/IC) |
|
0.84 |
0.89 |
0.90 |
1.02 |
1.01 |
1.05 |
1.16 |
1.07 |
1.18 |
1.01 |
| Enterprise Value to Revenue (EV/Rev) |
|
3.90 |
4.43 |
4.70 |
5.36 |
5.21 |
5.38 |
5.87 |
5.30 |
6.06 |
5.09 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
3.74 |
4.32 |
5.20 |
6.49 |
6.52 |
6.89 |
7.68 |
6.99 |
8.12 |
6.97 |
| Enterprise Value to EBIT (EV/EBIT) |
|
3.84 |
4.41 |
5.31 |
6.64 |
6.67 |
7.05 |
7.88 |
7.19 |
8.36 |
7.18 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
4.58 |
5.24 |
6.28 |
7.89 |
7.91 |
8.33 |
9.30 |
8.42 |
9.79 |
8.42 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
6.52 |
7.40 |
7.71 |
7.56 |
7.34 |
7.61 |
8.27 |
7.62 |
8.49 |
7.13 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
6.18 |
7.22 |
15.60 |
25.59 |
34.43 |
105.34 |
51.00 |
68.22 |
0.00 |
39.32 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
0.10 |
0.09 |
0.09 |
0.09 |
0.09 |
0.08 |
0.08 |
0.08 |
0.09 |
0.09 |
| Long-Term Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.09 |
| Financial Leverage |
|
0.09 |
0.10 |
0.09 |
0.09 |
0.09 |
0.09 |
0.09 |
0.08 |
0.09 |
0.09 |
| Leverage Ratio |
|
1.32 |
1.32 |
1.30 |
1.28 |
1.28 |
1.27 |
1.27 |
1.25 |
1.27 |
1.26 |
| Compound Leverage Factor |
|
1.32 |
1.32 |
1.30 |
1.28 |
1.28 |
1.27 |
1.27 |
1.25 |
1.27 |
1.26 |
| Debt to Total Capital |
|
8.92% |
8.62% |
8.31% |
8.17% |
8.06% |
7.64% |
7.47% |
7.28% |
8.05% |
8.10% |
| Short-Term Debt to Total Capital |
|
8.92% |
8.62% |
8.31% |
8.17% |
8.06% |
7.64% |
7.47% |
7.28% |
8.05% |
0.00% |
| Long-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
8.10% |
| Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Common Equity to Total Capital |
|
91.08% |
91.38% |
91.69% |
91.83% |
91.94% |
92.36% |
92.53% |
92.72% |
91.95% |
91.90% |
| Debt to EBITDA |
|
0.40 |
0.42 |
0.48 |
0.52 |
0.52 |
0.50 |
0.49 |
0.48 |
0.56 |
0.56 |
| Net Debt to EBITDA |
|
0.32 |
0.34 |
0.40 |
0.44 |
0.40 |
0.33 |
0.30 |
0.25 |
0.43 |
0.41 |
| Long-Term Debt to EBITDA |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.56 |
| Debt to NOPAT |
|
0.49 |
0.51 |
0.58 |
0.63 |
0.63 |
0.61 |
0.60 |
0.57 |
0.67 |
0.68 |
| Net Debt to NOPAT |
|
0.39 |
0.41 |
0.48 |
0.53 |
0.49 |
0.40 |
0.36 |
0.30 |
0.52 |
0.50 |
| Long-Term Debt to NOPAT |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.68 |
| Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
-46 |
-80 |
-264 |
-290 |
-337 |
-466 |
-397 |
-444 |
-729 |
-405 |
| Operating Cash Flow to CapEx |
|
20,018.33% |
11,725.24% |
47,381.79% |
41,206.63% |
18,647.04% |
9,979.30% |
4,837.98% |
17,834.69% |
45,566.80% |
31,443.13% |
| Free Cash Flow to Firm to Interest Expense |
|
-10.37 |
-13.21 |
-38.08 |
-39.25 |
-42.89 |
-58.59 |
-50.44 |
-56.55 |
-63.61 |
-49.72 |
| Operating Cash Flow to Interest Expense |
|
38.78 |
28.51 |
26.64 |
22.68 |
24.83 |
27.09 |
27.59 |
24.04 |
20.01 |
27.81 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
38.58 |
28.27 |
26.59 |
22.63 |
24.70 |
26.82 |
27.02 |
23.91 |
19.96 |
27.72 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.18 |
0.17 |
0.17 |
0.17 |
0.17 |
0.18 |
0.18 |
0.19 |
0.18 |
0.18 |
| Fixed Asset Turnover |
|
62.99 |
62.57 |
50.08 |
37.90 |
33.54 |
35.47 |
36.00 |
31.61 |
29.05 |
29.04 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
4,715 |
4,883 |
5,070 |
5,155 |
5,230 |
5,524 |
5,648 |
5,802 |
6,135 |
6,098 |
| Invested Capital Turnover |
|
0.22 |
0.21 |
0.20 |
0.20 |
0.20 |
0.21 |
0.21 |
0.21 |
0.21 |
0.21 |
| Increase / (Decrease) in Invested Capital |
|
224 |
227 |
435 |
462 |
515 |
641 |
578 |
647 |
905 |
573 |
| Enterprise Value (EV) |
|
3,959 |
4,360 |
4,572 |
5,273 |
5,286 |
5,803 |
6,580 |
6,219 |
7,215 |
6,145 |
| Market Capitalization |
|
3,617 |
4,020 |
4,219 |
4,919 |
4,961 |
5,523 |
6,322 |
5,994 |
6,831 |
5,782 |
| Book Value per Share |
|
$39.87 |
$41.43 |
$43.01 |
$44.13 |
$44.94 |
$47.79 |
$49.44 |
$50.43 |
$53.09 |
$52.76 |
| Tangible Book Value per Share |
|
$39.87 |
$41.43 |
$43.01 |
$44.13 |
$44.34 |
$47.11 |
$48.76 |
$49.77 |
$52.43 |
$52.01 |
| Total Capital |
|
4,715 |
4,883 |
5,070 |
5,155 |
5,230 |
5,524 |
5,648 |
5,802 |
6,135 |
6,098 |
| Total Debt |
|
421 |
421 |
421 |
421 |
422 |
422 |
422 |
422 |
494 |
494 |
| Total Long-Term Debt |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
494 |
| Net Debt |
|
341 |
340 |
352 |
353 |
325 |
280 |
258 |
225 |
384 |
362 |
| Capital Expenditures (CapEx) |
|
0.86 |
1.47 |
0.39 |
0.41 |
1.05 |
2.16 |
4.48 |
1.06 |
0.50 |
0.72 |
| Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Net Nonoperating Obligations (NNO) |
|
421 |
421 |
421 |
421 |
422 |
422 |
422 |
422 |
494 |
494 |
| Total Depreciation and Amortization (D&A) |
|
4.94 |
4.49 |
3.90 |
4.25 |
5.48 |
5.80 |
5.93 |
6.60 |
6.77 |
6.71 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$1.67 |
$1.38 |
$1.60 |
$1.62 |
$1.68 |
$1.66 |
$1.72 |
$1.93 |
$1.67 |
$1.60 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
106.87M |
107.21M |
106.94M |
106.25M |
105.98M |
106.22M |
105.70M |
105.66M |
105.27M |
105.39M |
| Adjusted Diluted Earnings per Share |
|
$1.66 |
$1.38 |
$1.59 |
$1.61 |
$1.66 |
$1.64 |
$1.70 |
$1.91 |
$1.65 |
$1.59 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
107.34M |
107.65M |
107.59M |
107.09M |
107.03M |
107.13M |
106.77M |
106.78M |
106.55M |
106.55M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
107.71M |
108.10M |
107.26M |
106.99M |
106.76M |
106.87M |
106.67M |
106.25M |
106.21M |
103.84M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
178 |
147 |
171 |
172 |
178 |
175 |
182 |
204 |
176 |
168 |
| Normalized NOPAT Margin |
|
69.20% |
65.79% |
68.52% |
68.15% |
61.74% |
60.61% |
62.55% |
66.74% |
57.74% |
54.71% |
| Pre Tax Income Margin |
|
81.97% |
77.23% |
80.74% |
82.81% |
72.66% |
70.15% |
73.58% |
78.41% |
68.03% |
63.53% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
47.40 |
28.62 |
29.02 |
28.31 |
26.67 |
25.52 |
27.19 |
30.48 |
18.12 |
23.92 |
| NOPAT to Interest Expense |
|
40.01 |
24.38 |
24.63 |
23.29 |
22.66 |
22.05 |
23.11 |
25.94 |
15.38 |
20.60 |
| EBIT Less CapEx to Interest Expense |
|
47.20 |
28.37 |
28.97 |
28.25 |
26.53 |
25.25 |
26.62 |
30.34 |
18.07 |
23.83 |
| NOPAT Less CapEx to Interest Expense |
|
39.82 |
24.14 |
24.57 |
23.24 |
22.53 |
21.78 |
22.54 |
25.81 |
15.33 |
20.51 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
10.21% |
11.08% |
13.37% |
15.17% |
15.62% |
15.25% |
15.42% |
15.18% |
15.62% |
16.18% |
| Augmented Payout Ratio |
|
29.50% |
22.86% |
19.38% |
22.80% |
24.00% |
25.40% |
24.32% |
22.68% |
23.76% |
31.48% |
Key Financial Trends
Essent Group (NYSE: ESNT) has demonstrated a solid financial performance over the past few years, with a steady growth pattern in key financial metrics as observed from the quarterly statements.
Key Positive Trends:
- Consistent growth in Total Revenue: From approximately $224 million in Q4 2022 to over $306 million in Q4 2024, showing a strong top-line growth.
- Increasing Net Income: The company reported net income rising from around $147 million in Q4 2022 to nearly $168 million in Q4 2024, indicating improving profitability.
- Robust Non-Interest Income: Significant contributions from premiums earned and net realized & unrealized capital gains on investments have helped maintain a strong non-interest income base, with total non-interest income increasing from $230 million to $315 million over the two-year period.
- Strong Operating Cash Flow: Net cash provided by operating activities consistently exceeds $200 million in recent quarters, supporting operational strength and liquidity.
- Steady Dividend Payout: The company maintained a regular dividend payment of $0.28 per share in 2024, suggesting a commitment to returning value to shareholders.
- Growth in Total Equity: Total common equity increased from about $4.3 billion in Q3 2022 to over $5.6 billion by Q3 2024, indicating strengthening financial health and capital base.
- Reduction in Long-Term Interest Expense per Quarter: Though interest expense remains, it increased only moderately, showing controlled debt costs relative to growth.
Neutral Observations:
- Sustained use of Repurchases and Dividend Payments: The company consistently repurchased common stock and paid dividends, which while rewarding shareholders, should be monitored to ensure it does not constrain investment capacity.
- Stable Share Count: Weighted average shares outstanding remain broadly steady indicating no major dilution; good for EPS consistency.
- Consistent Use of Depreciation and Amortization: Non-cash expenses remain steady, typical for the company's asset base and business model.
Potential Negative Factors:
- Negative Net Interest Income: The interest expense related to long-term debt consistently outpaces any interest income, resulting in negative net interest income, which impacts overall earnings.
- Substantial Non-Interest Expense: Including insurance policy acquisition costs and claims expenses, non-interest expenses remain high though generally in line with revenue growth; costs need continual management to maintain margins.
- Volatile Investing Cash Flows: Large swings in purchase and sale of investment securities contribute to negative net cash flow from investing activities, introducing liquidity planning challenges.
- Material Accumulated Other Comprehensive Loss: AOCI on the balance sheet is significantly negative (around -$190 million to -$430 million), which could impact shareholders’ equity and reflect investment or pension-related risks.
- Growing Short-Term Debt: The balance sheet shows an increase in short-term debt to nearly $494 million by Q3 2024, which could pressure liquidity if not managed prudently.
In summary, Essent Group has shown durable growth in revenues and earnings, supported by a strong operating cash flow and disciplined shareholder returns. Investors should monitor the company’s continuing management of interest expenses and operational costs, along with capital structure to ensure it sustains this positive trajectory.
10/23/25 10:46 PM ETAI Generated. May Contain Errors.