Essent Group Ltd. - Understand $esnt stock

$ESNT Market Cap: $5.981 Billion

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Financial Snapshot

Revenue

$1.225B

TTM

Gross Margin

Net Earnings

$736.9M

TTM

Current Assets

$494.4M

Q3 2024

Current Liabilities

$171.9M

Q3 2024

Current Ratio

287.64%

Q3 2024

Total Assets

$7.127B

Q3 2024

Total Liabilities

$1.486B

Q3 2024

Book Value

$5.641B

Q3 2024

Cash

$109.3M

Q3 2024

P/E

8.117

Nov 29, 2024 EST

Free Cash Flow

$842.1M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$1.110B	$1.001B	$1.029B	$955.2M	$867.6M	$719.4M	$576.5M	$458.3M	$353.3M	$239.5M	$131.4M	$48.70M	$14.40M
YoY Change	10.88%	-2.69%	7.68%	10.1%	20.6%	24.78%	25.8%	29.71%	47.53%	82.24%	169.82%	238.19%	128.57%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$1.110B	$1.001B	$1.029B	$955.2M	$867.6M	$719.4M	$576.5M	$458.3M	$353.3M	$239.5M	$131.4M	$48.70M	$14.40M
Cost Of Revenue								$15.53M	$11.91M	$6.308M	$2.321M
Gross Profit								$442.7M	$341.4M	$233.2M	$129.1M
Gross Profit Margin								96.61%	96.63%	97.37%	98.23%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Selling, General & Admin	$114.9M	$100.3M	$101.3M	$93.10M	$93.70M	$90.10M	$91.00M	$84.00M	$72.20M	$64.30M	$47.00M
YoY Change	14.55%	-1.02%	8.85%	-0.64%	4.0%	-0.99%	8.33%	16.34%	12.29%	36.81%
% of Gross Profit								18.97%	21.15%	27.58%	36.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.525M	$3.024M	$3.379M	$3.328M	$3.769M	$3.404M	$3.923M	$4.064M	$3.219M	$2.464M	$2.252M	$15.20M	$13.60M
YoY Change	49.64%	-10.51%	1.53%	-11.7%	10.72%	-13.23%	-3.47%	26.25%	30.64%	9.41%	-85.18%	11.76%	106.06%
% of Gross Profit								0.92%	0.94%	1.06%	1.74%
Operating Expenses	$256.6M	-$2.971M	$197.9M	$456.0M	$198.4M	$162.5M	$172.8M	$146.4M	$124.9M	$103.5M	$73.40M	$62.60M	$48.80M
YoY Change	-8737.6%	-101.5%	-56.6%	129.84%	22.09%	-5.96%	18.03%	17.21%	20.68%	41.01%	17.25%	28.28%	43.95%
Operating Profit								$296.3M	$216.5M	$129.7M	$55.68M
YoY Change								36.88%	66.96%	132.86%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Interest Expense	-$30.14M	$15.61M	$8.282M	$9.074M	$10.15M	$10.18M	$5.178M	$426.0K	$0.00
YoY Change	-293.09%	88.46%	-8.73%	-10.61%	-0.28%	96.58%	1115.49%
% of Operating Profit								0.14%	0.0%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Pretax Income	$823.0M	$988.2M	$822.3M	$490.1M	$659.1M	$546.7M	$398.6M	$311.9M	$228.4M	$135.9M	$58.03M	-$13.90M	-$34.50M
YoY Change	-16.72%	20.17%	67.79%	-25.64%	20.55%	37.17%	27.79%	36.55%	68.03%	134.25%	-517.46%	-59.71%	25.0%
Income Tax	$126.6M	$156.8M	$140.5M	$77.06M	$103.3M	$79.34M	$18.82M	$89.28M	$71.07M	$47.43M	-$7.386M	-$300.0K	-$900.0K
% Of Pretax Income	15.38%	15.87%	17.09%	15.72%	15.68%	14.51%	4.72%	28.62%	31.12%	34.89%	-12.73%
Net Earnings	$696.4M	$831.4M	$681.8M	$413.0M	$555.7M	$467.4M	$379.7M	$222.6M	$157.3M	$88.50M	$65.41M	-$13.50M	-$33.60M
YoY Change	-16.23%	21.94%	65.06%	-25.67%	18.9%	23.07%	70.59%	41.49%	77.78%	35.29%	-584.54%	-59.82%	21.74%
Net Earnings / Revenue	62.75%	83.07%	66.29%	43.24%	64.05%	64.97%	65.87%	48.58%	44.53%	36.96%	49.78%	-27.72%	-233.33%
Basic Earnings Per Share	$6.56	$7.75	$6.13	$3.89	$5.68	$4.80	$4.07	$2.45	$1.74	$1.05	$0.90
Diluted Earnings Per Share	$6.50	$7.72	$6.11	$3.88	$5.66	$4.77	$3.99	$2.41	$1.72	$1.03	$0.70	-$161.7K	-$402.4K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets	$470.6M	$418.5M	$360.8M	$302.6M	$261.9M	$202.4M	$252.2M	$181.3M	$119.4M	$59.70M	$8.000M
YoY Change	12.47%	15.98%	19.24%	15.54%	29.4%	-19.75%	39.11%	51.84%	100.0%	646.25%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$470.6M	$418.5M	$360.8M	$302.6M	$261.9M	$202.4M	$252.2M	$181.3M	$119.4M	$59.70M	$8.000M
YoY Change	12.47%	15.98%	19.24%	15.54%	29.4%	-19.75%	39.11%	51.84%	100.0%	646.25%
Property, Plant & Equipment	$41.30M	$19.57M	$11.92M	$15.10M	$17.30M	$7.600M	$7.000M	$8.100M	$9.000M	$5.800M	$4.400M	$3.600M	$15.70M
YoY Change	111.05%	64.17%	-21.05%	-12.72%	127.63%	8.57%	-13.58%	-10.0%	55.17%	31.82%	22.22%	-77.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$5.541B	$5.000B	$5.133B	$4.654B	$3.430B	$2.791B	$2.306B	$1.615B	$1.277B	$1.058B	$332.6M	$247.4M	$171.1M
YoY Change	10.83%	-2.61%	10.29%	35.71%	22.88%	21.05%	42.75%	26.52%	20.71%	217.98%	34.44%	44.59%
Other Assets										$0.00	$10.30M	$0.00
YoY Change										-100.0%
Total Long-Term Assets	$5.956B	$5.305B	$5.361B	$4.900B	$3.612B	$2.948B	$2.422B	$1.702B	$1.350B	$1.122B	$846.0M
YoY Change	12.26%	-1.05%	9.41%	35.68%	22.52%	21.69%	42.34%	26.08%	20.32%	32.6%
Total Assets	$6.427B	$5.724B	$5.722B	$5.203B	$3.873B	$3.150B	$2.674B	$1.883B	$1.469B	$1.182B	$854.0M	$283.3M	$210.1M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$139.1M	$104.5M	$99.75M	$87.90M	$66.50M	$41.00M	$36.20M	$33.90M	$28.10M	$23.30M	$20.40M	$12.30M	$9.600M
YoY Change	33.13%	4.72%	13.48%	32.18%	62.2%	13.26%	6.78%	20.64%	20.6%	14.22%	65.85%	28.13%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$139.1M	$104.5M	$99.75M	$87.90M	$66.50M	$41.00M	$36.20M	$33.90M	$28.10M	$23.30M	$20.40M	$12.30M	$9.600M
YoY Change	33.13%	4.72%	13.48%	32.18%	62.2%	13.26%	6.78%	20.64%	20.6%	14.22%	65.85%	28.13%
Long-Term Debt	$421.9M	$420.9M	$419.8M	$321.7M	$224.2M	$223.7M	$248.6M	$100.0M	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	0.25%	0.25%	30.5%	43.49%	0.22%	-10.02%	148.6%
Other Long-Term Liabilities						$2.000M	$15.00M	$15.00M	$15.00M	$0.00	$4.900M	$9.800M	$14.70M
YoY Change						-86.67%	0.0%	0.0%		-100.0%	-50.0%	-33.33%
Total Long-Term Liabilities	$421.9M	$420.9M	$419.8M	$321.7M	$224.2M	$225.7M	$263.6M	$115.0M	$15.00M	$0.00	$4.900M	$9.800M	$14.70M
YoY Change	0.25%	0.25%	30.5%	43.49%	-0.66%	-14.38%	129.22%	666.67%		-100.0%	-50.0%	-33.33%
Total Liabilities	$1.324B	$1.261B	$1.486B	$1.340B	$888.6M	$784.3M	$733.9M	$539.2M	$349.9M	$225.7M	$131.8M	$64.20M	$34.00M
YoY Change	4.97%	-15.11%	10.89%	50.81%	13.3%	6.87%	36.11%	54.1%	55.03%	71.24%	105.3%	88.82%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Basic Shares Outstanding	106.2M shares	107.2M shares	111.2M shares	106.1M shares	97.76M shares	97.40M shares	93.33M shares	90.91M shares	90.35M shares	83.99M shares	14.04M shares
Diluted Shares Outstanding	107.1M shares	107.7M shares	111.6M shares	106.4M shares	98.23M shares	97.97M shares	95.21M shares	92.25M shares	91.74M shares	85.60M shares	18.10M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $5.9809 Billion

About Essent Group Ltd.

Essent Group Ltd. is a holding company, which engages in the provision of banking services. The Company, through its wholly owned subsidiaries, offers private mortgage insurance and reinsurance, and title insurance and settlement services to serve the housing finance industry. Through the subsidiary, CUW Solutions, LLC, it offers mortgage insurance and provides contract underwriting services on a limited basis. The company also offers mortgage-related insurance and reinsurance through its Bermuda-based subsidiary, Essent Reinsurance Ltd. The firm provides private capital to mitigate mortgage credit risk, allowing lenders to make additional mortgage financing available to prospective homeowners. Its products and services include Bermuda-Based Insurance and Reinsurance, Title Insurance and Settlement Services, Mortgage Insurance, and Contract Underwriting. The company offers two types of private mortgage insurance, namely primary and pool. Its subsidiaries include Essent Reinsurance Ltd. and Essent Irish Intermediate Holdings Ltd.

Industry: Surety Insurance Peers: