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MTG UNDERVALUED- PE AND P/B COMPARED TO PEERS,

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tommiegun54   Thursday, 12/05/19 08:49:57 AM
Re: None
Post # of 1025 
MTG UNDERVALUED- PE AND P/B COMPARED TO PEERS, S&P 500

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.


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