Nmi Holdings Stock Piotroski F Score

NMIH Stock  USD 40.03  0.03  0.07%   
This module uses fundamental data of NMI Holdings to approximate its Piotroski F score. NMI Holdings F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of NMI Holdings. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about NMI Holdings financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out NMI Holdings Altman Z Score, NMI Holdings Correlation, NMI Holdings Valuation, as well as analyze NMI Holdings Alpha and Beta and NMI Holdings Hype Analysis.
For more detail on how to invest in NMI Stock please use our How to Invest in NMI Holdings guide.
  
As of now, NMI Holdings' Debt Ratio is decreasing as compared to previous years. As of now, NMI Holdings' Free Cash Flow Per Share is increasing as compared to previous years. The NMI Holdings' current ROIC is estimated to increase to 0.20, while Price To Sales Ratio is projected to decrease to 4.01.
At this time, it appears that NMI Holdings' Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
6.0
Piotroski F Score - Healthy
Current Return On Assets

Positive

Focus
Change in Return on Assets

Increased

Focus
Cash Flow Return on Assets

Positive

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Lower Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

NMI Holdings Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to NMI Holdings is to make sure NMI is not a subject of accounting manipulations and runs a healthy internal audit department. So, if NMI Holdings' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if NMI Holdings' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.120.1969
Way Down
Slightly volatile
Total Current Liabilities97.7 M96.5 M
Fairly Up
Slightly volatile
Non Current Liabilities Total985.8 M938.9 M
Sufficiently Up
Slightly volatile
Total Assets3.1 BB
Sufficiently Up
Slightly volatile
Total Current AssetsB617.9 M
Way Up
Slightly volatile

NMI Holdings F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between NMI Holdings' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards NMI Holdings in a much-optimized way.

About NMI Holdings Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value Per Share

24.54

As of now, NMI Holdings' Book Value Per Share is increasing as compared to previous years.

NMI Holdings ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, NMI Holdings' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to NMI Holdings' managers, analysts, and investors.
Environmental
Governance
Social

About NMI Holdings Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze NMI Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NMI Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NMI Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Currently Active Assets on Macroaxis

When determining whether NMI Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NMI Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nmi Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nmi Holdings Stock:
Check out NMI Holdings Altman Z Score, NMI Holdings Correlation, NMI Holdings Valuation, as well as analyze NMI Holdings Alpha and Beta and NMI Holdings Hype Analysis.
For more detail on how to invest in NMI Stock please use our How to Invest in NMI Holdings guide.
You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Is Commercial & Residential Mortgage Finance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NMI Holdings. If investors know NMI will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NMI Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.15
Earnings Share
4.37
Revenue Per Share
7.914
Quarterly Revenue Growth
0.121
Return On Assets
0.1019
The market value of NMI Holdings is measured differently than its book value, which is the value of NMI that is recorded on the company's balance sheet. Investors also form their own opinion of NMI Holdings' value that differs from its market value or its book value, called intrinsic value, which is NMI Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NMI Holdings' market value can be influenced by many factors that don't directly affect NMI Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NMI Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if NMI Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NMI Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.