Thursday, December 05, 2019 8:49:57 AM
THE MTG AND PMI ARE ALL UNDERVALUED COMPARED TO S&P 500 BY WIDE MARGINS AND THE HOUSING MARKET IS STRONG.
PE RATIO
MTG 7.85
PMI INDUSTRY 10.14
S&P 500 - 23.01
PRICE TO BOOK
MTG 1.18
PMI INDUSTRY 1.72
S&P 500 - 3.52
PMI COMPANIES = ESSENT, NMI HOLDINGS, RADIAN AND MGIC INVESTMENT
MARKET COMPARISON vs.MGIC VALUATION RATIOS DEC 4, 2019
MGIC HAS OUTPERFORMED ALL THE PUREPLAY PMI COMPANIES OVER THE LAST FEW YEARS IN CAPITALIZATION AND VALUATIONS, THAT TREND
SHOULD CONTINUE.
MTG IS UNDERVALUED... MTG pays a dividend with an approximate yield of 1.72%.
CAPITAL, PRICE TO EARNINGS, AND PRICE TO BOOK RATIOS OF PMI COS. vs S&P 500 COMPANIES
These are the Combined RISK TO CAPITAL RATIOS of the Pureplay Private Mortgage Insurance Companies from best to worst:
MGIC . . 9.9 to 1
RADIAN . 13.3 to 1
ESSENT . 13.6 to 1
NMI HLDS.15.8 to 1
MGIC IS OPERATING AT A HIGHER EFFICIENCY RATE COMPARED TO PEERS BY 300 BASIS POINTS.
The economy of scale COMPETITIVE ADVANTAGE has existed for a few years now.
PRICE TO EARNINGS RATIO(PE) Compared to S&P 500 PE RATIO, Oct. 30, 2019
MGIC. . 7.85
RADIAN. 8.33
ESSENT. 9.24
NMI HDS.14.36
S&P 500 PE RATIO 23.01
These are the current stock valuations using the STOCK PRICE TO BOOK RATIO from best to worst:
Oct. 30, 2019
MGIC . . 1.18 to 1
RADIAN . 1.30 to 1
ESSENT . 1.84 to 1
NMI HDS. 2.54 to 1
THE S&P 500 Companies average STOCK PRICE TO BOOK RATIO is 3.52 to 1, higher than all the PMI COMPANIES.
Summary: Based on the above statistical numbers, The PMI COMPANIES have "room to run" higher in STOCK price. .
The PMI COMPANIES all have better STOCK price to book ratios than The S&P 500 COMPANIES.
Recent MTG News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 03:42:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:58:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:58:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:58:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:58:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:58:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:57:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:57:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:57:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:57:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:57:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:57:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:56:50 PM
- MGIC Comments on the Recently Adopted PMIERs Updates • PR Newswire (US) • 08/21/2024 11:28:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/02/2024 08:29:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/31/2024 08:10:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 08:05:01 PM
- MGIC Investment Corporation Reports Second Quarter 2024 Results • PR Newswire (US) • 07/31/2024 08:05:00 PM
- MGIC Investment Corporation Announces an Increase to Quarterly Dividend • PR Newswire (US) • 07/25/2024 05:04:00 PM
- Form SC 13G - Statement of Beneficial Ownership by Certain Investors • Edgar (US Regulatory) • 07/25/2024 02:01:31 PM
- MGIC Investment Corporation Schedules 2nd Quarter 2024 Earnings Call • PR Newswire (US) • 07/01/2024 08:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 08:51:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 08:45:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 08:44:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 08:44:09 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM