MGIC Free Cash Flow vs Net Income Analysis

MTG Stock

USD 26.26 0.15 0.57%

MGIC Investment financial indicator trend analysis is infinitely more than just investigating MGIC Investment Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MGIC Investment Corp is a good investment. Please check the relationship between MGIC Investment Free Cash Flow and its Net Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGIC Investment Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MGIC Investment Corp Free Cash Flow account and Net Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between MGIC Investment's Free Cash Flow and Net Income is 0.86. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Net Income in the same time period over historical financial statements of MGIC Investment Corp, assuming nothing else is changed. The correlation between historical values of MGIC Investment's Free Cash Flow and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of MGIC Investment Corp are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Free Cash Flow i.e., MGIC Investment's Free Cash Flow and Net Income go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in MGIC Investment Corp financial statement analysis. It represents the amount of money remaining after all of MGIC Investment Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from MGIC Investment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MGIC Investment Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGIC Investment Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

The MGIC Investment's current Sales General And Administrative To Revenue is estimated to increase to 0.13, while Tax Provision is projected to decrease to roughly 117.6 M.

	2021	2022	2023	2024 (projected)
Interest Expense	71.4M	48.1M	36.9M	49.5M
Depreciation And Amortization	66.0M	54.3M	35.2M	42.6M

Interest Expense Depreciation And Amortization

MGIC Investment fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Other Current Liab	Total Current Liabilities	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Long Term Debt
Total Assets		0.49	0.55	0.39	0.24	0.34	-0.51	-0.01	0.43	0.65	0.3	0.2	0.42	0.09	0.09	0.37	0.28	0.27	0.13	0.68	0.94	0.08	0.18	0.68	-0.06	0.4
Short Long Term Debt Total	0.49		0.15	0.06	0.72	-0.13	-0.55	-0.26	0.74	0.64	0.6	0.19	-0.05	0.15	0.14	-0.14	0.13	-0.21	0.32	0.5	0.48	0.29	0.85	0.5	0.52	0.71
Total Stockholder Equity	0.55	0.15		0.85	0.27	0.83	-0.06	0.31	0.36	0.23	0.0	-0.69	0.94	-0.75	-0.75	-0.34	0.61	-0.4	-0.43	0.71	0.61	-0.6	0.12	0.72	0.25	0.18
Property Plant And Equipment Net	0.39	0.06	0.85		0.28	0.65	-0.26	0.37	0.37	0.01	0.22	-0.67	0.92	-0.68	-0.69	-0.41	0.54	-0.45	-0.31	0.58	0.48	-0.42	0.05	0.58	0.17	-0.09
Net Debt	0.24	0.72	0.27	0.28		-0.04	-0.41	-0.08	0.87	0.58	0.69	-0.15	0.15	-0.22	-0.24	-0.64	0.2	-0.71	0.02	0.64	0.33	0.06	0.52	0.64	0.43	0.63
Retained Earnings	0.34	-0.13	0.83	0.65	-0.04		0.36	0.53	-0.04	-0.01	-0.47	-0.63	0.78	-0.8	-0.79	-0.21	0.41	-0.22	-0.65	0.37	0.25	-0.77	-0.12	0.38	0.17	0.11
Non Currrent Assets Other	-0.51	-0.55	-0.06	-0.26	-0.41	0.36		0.44	-0.46	-0.4	-0.75	-0.2	-0.03	-0.37	-0.36	-0.14	-0.32	-0.07	-0.68	-0.3	-0.62	-0.38	-0.33	-0.3	0.08	-0.24
Other Assets	-0.01	-0.26	0.31	0.37	-0.08	0.53	0.44		-0.04	0.01	-0.25	-0.23	0.48	-0.39	-0.41	-0.22	-0.44	-0.21	-0.57	0.19	-0.11	-0.14	-0.16	0.2	0.17	-0.26
Common Stock Shares Outstanding	0.43	0.74	0.36	0.37	0.87	-0.04	-0.46	-0.04		0.62	0.82	-0.04	0.29	-0.12	-0.12	-0.46	0.13	-0.56	-0.02	0.8	0.55	0.25	0.57	0.8	0.45	0.4
Non Current Liabilities Total	0.65	0.64	0.23	0.01	0.58	-0.01	-0.4	0.01	0.62		0.44	0.28	0.12	0.2	0.19	0.07	-0.1	-0.03	0.21	0.7	0.66	0.23	0.31	0.7	0.08	0.63
Other Stockholder Equity	0.3	0.6	0.0	0.22	0.69	-0.47	-0.75	-0.25	0.82	0.44		0.22	0.01	0.27	0.26	-0.23	0.02	-0.32	0.38	0.51	0.45	0.57	0.45	0.51	0.18	0.13
Total Liab	0.2	0.19	-0.69	-0.67	-0.15	-0.63	-0.2	-0.23	-0.04	0.28	0.22		-0.7	0.92	0.93	0.7	-0.62	0.67	0.46	-0.2	0.07	0.82	0.0	-0.2	-0.3	0.06
Property Plant And Equipment Gross	0.42	-0.05	0.94	0.92	0.15	0.78	-0.03	0.48	0.29	0.12	0.01	-0.7		-0.74	-0.74	-0.35	0.46	-0.4	-0.46	0.66	0.51	-0.53	-0.04	0.66	0.12	-0.08
Other Current Liab	0.09	0.15	-0.75	-0.68	-0.22	-0.8	-0.37	-0.39	-0.12	0.2	0.27	0.92	-0.74		1.0	0.7	-0.52	0.69	0.66	-0.32	0.04	0.84	0.03	-0.33	-0.33	-0.05
Total Current Liabilities	0.09	0.14	-0.75	-0.69	-0.24	-0.79	-0.36	-0.41	-0.12	0.19	0.26	0.93	-0.74	1.0		0.71	-0.51	0.7	0.65	-0.32	0.04	0.84	0.02	-0.33	-0.34	-0.05
Cash	0.37	-0.14	-0.34	-0.41	-0.64	-0.21	-0.14	-0.22	-0.46	0.07	-0.23	0.7	-0.35	0.7	0.71		-0.22	0.99	0.45	-0.29	0.22	0.36	-0.27	-0.29	-0.51	-0.12
Non Current Assets Total	0.28	0.13	0.61	0.54	0.2	0.41	-0.32	-0.44	0.13	-0.1	0.02	-0.62	0.46	-0.52	-0.51	-0.22		-0.23	0.06	0.25	0.39	-0.64	0.09	0.25	0.03	0.28
Cash And Short Term Investments	0.27	-0.21	-0.4	-0.45	-0.71	-0.22	-0.07	-0.21	-0.56	-0.03	-0.32	0.67	-0.4	0.69	0.7	0.99	-0.23		0.43	-0.4	0.11	0.32	-0.31	-0.4	-0.52	-0.16
Net Receivables	0.13	0.32	-0.43	-0.31	0.02	-0.65	-0.68	-0.57	-0.02	0.21	0.38	0.46	-0.46	0.66	0.65	0.45	0.06	0.43		-0.22	0.17	0.46	0.23	-0.23	-0.17	0.19
Common Stock Total Equity	0.68	0.5	0.71	0.58	0.64	0.37	-0.3	0.19	0.8	0.7	0.51	-0.2	0.66	-0.32	-0.32	-0.29	0.25	-0.4	-0.22		0.79	-0.05	0.27	1.0	0.18	0.37
Short Term Investments	0.94	0.48	0.61	0.48	0.33	0.25	-0.62	-0.11	0.55	0.66	0.45	0.07	0.51	0.04	0.04	0.22	0.39	0.11	0.17	0.79		0.08	0.19	0.79	-0.09	0.36
Total Current Assets	0.08	0.29	-0.6	-0.42	0.06	-0.77	-0.38	-0.14	0.25	0.23	0.57	0.82	-0.53	0.84	0.84	0.36	-0.64	0.32	0.46	-0.05	0.08		0.22	-0.06	-0.05	-0.13
Short Term Debt	0.18	0.85	0.12	0.05	0.52	-0.12	-0.33	-0.16	0.57	0.31	0.45	0.0	-0.04	0.03	0.02	-0.27	0.09	-0.31	0.23	0.27	0.19	0.22		0.27	0.81	0.4
Common Stock	0.68	0.5	0.72	0.58	0.64	0.38	-0.3	0.2	0.8	0.7	0.51	-0.2	0.66	-0.33	-0.33	-0.29	0.25	-0.4	-0.23	1.0	0.79	-0.06	0.27		0.18	0.37
Other Liab	-0.06	0.52	0.25	0.17	0.43	0.17	0.08	0.17	0.45	0.08	0.18	-0.3	0.12	-0.33	-0.34	-0.51	0.03	-0.52	-0.17	0.18	-0.09	-0.05	0.81	0.18		0.18
Long Term Debt	0.4	0.71	0.18	-0.09	0.63	0.11	-0.24	-0.26	0.4	0.63	0.13	0.06	-0.08	-0.05	-0.05	-0.12	0.28	-0.16	0.19	0.37	0.36	-0.13	0.4	0.37	0.18

Click cells to compare fundamentals

MGIC Investment Account Relationship Matchups

MGIC Investment fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.2B	7.4B	7.3B	6.2B	6.5B	5.7B
Short Long Term Debt Total	832.7M	1.2B	2.1B	662.8M	643.2M	835.0M
Total Stockholder Equity	4.3B	4.7B	4.9B	4.6B	5.1B	2.7B
Property Plant And Equipment Net	50.1M	47.1M	45.6M	41.4M	38.8M	39.0M
Net Debt	670.9M	955.2M	862.0M	335.4M	279.5M	441.7M
Retained Earnings	2.3B	2.6B	3.3B	4.0B	4.6B	4.8B
Non Currrent Assets Other	(5.8B)	(6.7B)	(6.6B)	(187.0M)	(34.4M)	(36.1M)
Other Assets	240.7M	244.6M	324.2M	508.3M	6.3B	6.6B
Common Stock Shares Outstanding	373.9M	359.3M	351.3M	311.2M	287.2M	225.9M
Liabilities And Stockholders Equity	6.2B	7.4B	7.3B	6.2B	6.5B	5.7B
Non Current Liabilities Total	832.7M	1.2B	1.1B	510.7M	1.5B	756.8M
Other Stockholder Equity	1.6B	1.5B	1.1B	748.6M	423.8M	354.2M
Total Liab	832.7M	1.2B	1.1B	1.6B	1.5B	2.9B
Property Plant And Equipment Gross	44.9M	51.7M	50.1M	47.1M	54.2M	38.3M
Other Current Liab	532.2M	784.8M	817.3M	(168.0M)	472.1M	448.5M
Total Current Liabilities	532.2M	784.8M	817.3M	168.0M	472.1M	448.5M
Cash	161.8M	288.0M	284.7M	327.4M	363.7M	345.4M
Non Current Assets Total	5.8B	6.7B	6.6B	5.5B	34.6M	32.9M
Cash And Short Term Investments	161.8M	288.0M	284.7M	327.4M	363.7M	402.0M
Net Receivables	21.6M	95.0M	66.9M	864K	2.9M	2.7M
Short Term Investments	5.7B	6.7B	6.6B	5.4B	5.7B	3.1B
Total Current Assets	183.5M	383.0M	351.6M	240.3M	211.5M	200.9M
Accumulated Other Comprehensive Income	72.7M	216.8M	119.7M	(481.5M)	(316.3M)	(300.5M)
Other Liab	496.8M	985.8M	1.1B	710.4M	817.0M	973.5M
Long Term Debt	420.9M	879.4M	1.1B	641.7M	643.2M	755.3M
Treasury Stock	(283.2M)	(393.3M)	(675.3M)	(1.1B)	(1.2B)	(1.3B)
Property Plant Equipment	50.1M	47.1M	45.6M	41.4M	47.6M	39.4M
Accounts Payable	369.6M	252.8M	208.2M	137.5M	158.1M	88.8M
Net Tangible Assets	4.3B	4.7B	4.9B	4.6B	5.3B	3.0B
Good Will	(204.4M)	5.6B	6.5B	6.4B	7.3B	7.7B
Retained Earnings Total Equity	2.3B	2.6B	3.3B	4.0B	4.6B	4.8B
Long Term Debt Total	420.9M	879.4M	1.1B	641.7M	738.0M	765.2M
Capital Surpluse	1.9B	1.9B	1.8B	1.8B	2.1B	1.8B
Inventory	(702.0M)	(796.0M)	(755.0M)	(1.0B)	(6.2B)	(5.9B)
Other Current Assets	702.0M	796.0M	755.0M	891.3M	370.6M	352.1M
Long Term Investments	5.8B	6.7B	6.7B	5.5B	5.7B	6.0B

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When determining whether MGIC Investment Corp is a strong investment it is important to analyze MGIC Investment's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MGIC Investment's future performance. For an informed investment choice regarding MGIC Stock, refer to the following important reports:

How To Invest In MGIC

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Is MGIC Stock a good investment?

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What is MGIC Investment's Net Worth?

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Largest Commercial & Residential Mortgage Finance Companies

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Largest Insurance - Specialty Companies

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGIC Investment Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

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 MGIC Investment. If investors know MGIC 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 MGIC Investment 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

0.201

Dividend Share

0.475

Earnings Share

2.83

Revenue Per Share

4.449

Quarterly Revenue Growth

0.034

The market value of MGIC Investment Corp is measured differently than its book value, which is the value of MGIC that is recorded on the company's balance sheet. Investors also form their own opinion of MGIC Investment's value that differs from its market value or its book value, called intrinsic value, which is MGIC Investment's 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 MGIC Investment's market value can be influenced by many factors that don't directly affect MGIC Investment's 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 MGIC Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if MGIC Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGIC Investment's 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.

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MGIC Free Cash Flow vs Net Income Analysis

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

Correlation Coefficient

Free Cash Flow

Net Income

MGIC Investment fundamental ratios Correlations

MGIC Investment Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MGIC Investment fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Other Current Liab
Common Stock	+ 1.0	Common Stock Total Equity
Cash And Short Term Investments	+ 0.99	Cash
Short Term Investments	+ 0.94	Total Assets
Property Plant And Equipment Gross	+ 0.94	Total Stockholder Equity
Total Current Liabilities	+ 0.93	Total Liab

Other Current Liab	- 0.8	Retained Earnings
Total Current Liabilities	- 0.79	Retained Earnings
Total Current Assets	- 0.77	Retained Earnings
Other Stockholder Equity	- 0.75	Non Currrent Assets Other
Total Current Liabilities	- 0.75	Total Stockholder Equity
Other Current Liab	- 0.75	Total Stockholder Equity