Intrinsic value of Essent Group - ESNT

Previous Close

$36.01

  Intrinsic Value

$112.96

stock screener

  Rating & Target

str. buy

+214%

  Value-price divergence*

+269%

Previous close

$36.01

 
Intrinsic value

$112.96

 
Up/down potential

+214%

 
Rating

str. buy

 
Value-price divergence*

+269%

Our model is not good at valuating stocks of financial companies, such as ESNT.

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of ESNT stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 3.4

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  29.75
  29.90
  27.41
  25.17
  23.15
  21.34
  19.70
  18.23
  16.91
  15.72
  14.65
  13.68
  12.81
  12.03
  11.33
  10.70
  10.13
  9.61
  9.15
  8.74
  8.36
  8.03
  7.72
  7.45
  7.21
  6.99
  6.79
  6.61
  6.45
  6.30
  6.17
Revenue, $m
  0
  595
  758
  949
  1,168
  1,418
  1,697
  2,007
  2,346
  2,715
  3,112
  3,538
  3,991
  4,472
  4,978
  5,511
  6,069
  6,652
  7,261
  7,896
  8,556
  9,243
  9,957
  10,699
  11,470
  12,271
  13,104
  13,970
  14,871
  15,808
  16,784
Variable operating expenses, $m
 
  120
  152
  191
  235
  285
  341
  403
  472
  546
  626
  711
  802
  899
  1,001
  1,108
  1,220
  1,337
  1,459
  1,587
  1,720
  1,858
  2,001
  2,150
  2,305
  2,466
  2,634
  2,808
  2,989
  3,177
  3,374
Fixed operating expenses, $m
 
  56
  58
  59
  61
  62
  64
  65
  67
  69
  70
  72
  74
  76
  78
  80
  82
  84
  86
  88
  90
  92
  95
  97
  99
  102
  105
  107
  110
  113
  115
Total operating expenses, $m
  146
  176
  210
  250
  296
  347
  405
  468
  539
  615
  696
  783
  876
  975
  1,079
  1,188
  1,302
  1,421
  1,545
  1,675
  1,810
  1,950
  2,096
  2,247
  2,404
  2,568
  2,739
  2,915
  3,099
  3,290
  3,489
Operating income, $m
  312
  419
  548
  699
  873
  1,071
  1,292
  1,538
  1,807
  2,100
  2,416
  2,755
  3,115
  3,497
  3,900
  4,323
  4,767
  5,231
  5,716
  6,221
  6,746
  7,293
  7,861
  8,451
  9,065
  9,703
  10,365
  11,055
  11,772
  12,518
  13,295
EBITDA, $m
  316
  421
  551
  703
  878
  1,076
  1,299
  1,546
  1,817
  2,111
  2,429
  2,769
  3,131
  3,515
  3,920
  4,345
  4,792
  5,258
  5,745
  6,252
  6,780
  7,330
  7,901
  8,494
  9,111
  9,752
  10,418
  11,111
  11,831
  12,581
  13,362
Interest expense (income), $m
  0
  4
  9
  16
  24
  33
  43
  55
  67
  81
  96
  113
  130
  149
  169
  190
  212
  235
  259
  284
  310
  337
  365
  395
  425
  457
  490
  524
  560
  597
  636
Earnings before tax, $m
  312
  415
  539
  683
  849
  1,038
  1,249
  1,483
  1,740
  2,019
  2,320
  2,642
  2,985
  3,348
  3,731
  4,134
  4,556
  4,997
  5,457
  5,937
  6,436
  6,955
  7,495
  8,056
  8,639
  9,245
  9,875
  10,530
  11,212
  11,921
  12,659
Tax expense, $m
  89
  112
  145
  184
  229
  280
  337
  400
  470
  545
  626
  713
  806
  904
  1,007
  1,116
  1,230
  1,349
  1,473
  1,603
  1,738
  1,878
  2,024
  2,175
  2,333
  2,496
  2,666
  2,843
  3,027
  3,219
  3,418
Net income, $m
  223
  303
  393
  499
  620
  758
  912
  1,083
  1,270
  1,474
  1,693
  1,929
  2,179
  2,444
  2,724
  3,018
  3,326
  3,648
  3,984
  4,334
  4,698
  5,077
  5,472
  5,881
  6,307
  6,749
  7,209
  7,687
  8,185
  8,702
  9,241

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,883
  2,448
  3,119
  3,905
  4,809
  5,834
  6,984
  8,257
  9,654
  11,171
  12,807
  14,560
  16,425
  18,402
  20,487
  22,678
  24,974
  27,376
  29,881
  32,492
  35,209
  38,036
  40,974
  44,027
  47,200
  50,498
  53,925
  57,489
  61,196
  65,053
  69,069
Adjusted assets (=assets-cash), $m
  1,883
  2,448
  3,119
  3,905
  4,809
  5,834
  6,984
  8,257
  9,654
  11,171
  12,807
  14,560
  16,425
  18,402
  20,487
  22,678
  24,974
  27,376
  29,881
  32,492
  35,209
  38,036
  40,974
  44,027
  47,200
  50,498
  53,925
  57,489
  61,196
  65,053
  69,069
Revenue / Adjusted assets
  0.000
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
  0.243
Average production assets, $m
  9
  12
  15
  19
  23
  28
  34
  40
  47
  54
  62
  71
  80
  89
  100
  110
  121
  133
  145
  158
  171
  185
  199
  214
  229
  245
  262
  279
  297
  316
  336
Working capital, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total debt, $m
  100
  261
  453
  678
  936
  1,230
  1,558
  1,923
  2,322
  2,756
  3,224
  3,725
  4,259
  4,824
  5,420
  6,047
  6,704
  7,390
  8,107
  8,854
  9,631
  10,439
  11,280
  12,153
  13,060
  14,003
  14,984
  16,003
  17,063
  18,166
  19,315
Total liabilities, $m
  539
  700
  892
  1,117
  1,375
  1,669
  1,997
  2,362
  2,761
  3,195
  3,663
  4,164
  4,698
  5,263
  5,859
  6,486
  7,143
  7,829
  8,546
  9,293
  10,070
  10,878
  11,719
  12,592
  13,499
  14,442
  15,423
  16,442
  17,502
  18,605
  19,754
Total equity, $m
  1,344
  1,748
  2,227
  2,788
  3,433
  4,166
  4,987
  5,896
  6,893
  7,976
  9,145
  10,396
  11,728
  13,139
  14,627
  16,192
  17,832
  19,546
  21,335
  23,199
  25,140
  27,158
  29,255
  31,435
  33,701
  36,055
  38,503
  41,047
  43,694
  46,448
  49,315
Total liabilities and equity, $m
  1,883
  2,448
  3,119
  3,905
  4,808
  5,835
  6,984
  8,258
  9,654
  11,171
  12,808
  14,560
  16,426
  18,402
  20,486
  22,678
  24,975
  27,375
  29,881
  32,492
  35,210
  38,036
  40,974
  44,027
  47,200
  50,497
  53,926
  57,489
  61,196
  65,053
  69,069
Debt-to-equity ratio
  0.074
  0.150
  0.200
  0.240
  0.270
  0.300
  0.310
  0.330
  0.340
  0.350
  0.350
  0.360
  0.360
  0.370
  0.370
  0.370
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.390
  0.390
  0.390
  0.390
  0.390
  0.390
  0.390
  0.390
  0.390
Adjusted equity ratio
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  223
  303
  393
  499
  620
  758
  912
  1,083
  1,270
  1,474
  1,693
  1,929
  2,179
  2,444
  2,724
  3,018
  3,326
  3,648
  3,984
  4,334
  4,698
  5,077
  5,472
  5,881
  6,307
  6,749
  7,209
  7,687
  8,185
  8,702
  9,241
Depreciation, amort., depletion, $m
  4
  2
  3
  4
  5
  6
  7
  8
  9
  11
  12
  14
  16
  18
  20
  22
  24
  27
  29
  32
  34
  37
  40
  43
  46
  49
  52
  56
  59
  63
  67
Funds from operations, $m
  246
  306
  396
  502
  625
  763
  919
  1,091
  1,280
  1,485
  1,706
  1,943
  2,195
  2,462
  2,744
  3,040
  3,350
  3,674
  4,013
  4,365
  4,733
  5,114
  5,511
  5,924
  6,353
  6,798
  7,261
  7,743
  8,244
  8,765
  9,308
Change in working capital, $m
  -27
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from operations, $m
  273
  305
  396
  502
  625
  763
  919
  1,091
  1,280
  1,485
  1,706
  1,943
  2,195
  2,462
  2,744
  3,040
  3,350
  3,674
  4,013
  4,365
  4,733
  5,114
  5,511
  5,924
  6,353
  6,798
  7,261
  7,743
  8,244
  8,765
  9,308
Maintenance CAPEX, $m
  0
  -2
  -2
  -3
  -4
  -5
  -6
  -7
  -8
  -9
  -11
  -12
  -14
  -16
  -18
  -20
  -22
  -24
  -27
  -29
  -32
  -34
  -37
  -40
  -43
  -46
  -49
  -52
  -56
  -59
  -63
New CAPEX, $m
  -3
  -3
  -3
  -4
  -4
  -5
  -6
  -6
  -7
  -7
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -14
  -15
  -15
  -16
  -17
  -17
  -18
  -19
  -20
Cash from investing activities, $m
  -365
  -5
  -5
  -7
  -8
  -10
  -12
  -13
  -15
  -16
  -19
  -21
  -23
  -26
  -28
  -31
  -33
  -36
  -39
  -42
  -45
  -48
  -51
  -55
  -58
  -62
  -66
  -69
  -74
  -78
  -83
Free cash flow, $m
  -92
  300
  391
  496
  616
  754
  907
  1,078
  1,265
  1,468
  1,687
  1,922
  2,172
  2,436
  2,716
  3,009
  3,317
  3,638
  3,974
  4,324
  4,688
  5,066
  5,460
  5,869
  6,294
  6,736
  7,196
  7,673
  8,170
  8,687
  9,225
Issuance/(repayment) of debt, $m
  100
  161
  192
  225
  259
  293
  329
  364
  399
  434
  468
  501
  534
  565
  596
  627
  657
  687
  717
  747
  777
  808
  840
  873
  907
  943
  980
  1,019
  1,060
  1,103
  1,148
Issuance/(repurchase) of shares, $m
  -4
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  95
  161
  192
  225
  259
  293
  329
  364
  399
  434
  468
  501
  534
  565
  596
  627
  657
  687
  717
  747
  777
  808
  840
  873
  907
  943
  980
  1,019
  1,060
  1,103
  1,148
Total cash flow (excl. dividends), $m
  3
  461
  583
  720
  875
  1,047
  1,236
  1,442
  1,664
  1,902
  2,155
  2,423
  2,705
  3,002
  3,312
  3,636
  3,974
  4,325
  4,691
  5,070
  5,465
  5,875
  6,300
  6,743
  7,202
  7,679
  8,176
  8,693
  9,230
  9,790
  10,374
Retained Cash Flow (-), $m
  -225
  -404
  -479
  -561
  -645
  -733
  -821
  -909
  -997
  -1,083
  -1,168
  -1,251
  -1,332
  -1,411
  -1,489
  -1,565
  -1,640
  -1,714
  -1,789
  -1,864
  -1,940
  -2,018
  -2,098
  -2,180
  -2,266
  -2,354
  -2,447
  -2,545
  -2,647
  -2,754
  -2,867
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  57
  103
  160
  229
  314
  415
  533
  667
  819
  987
  1,172
  1,373
  1,590
  1,823
  2,071
  2,334
  2,611
  2,902
  3,206
  3,525
  3,857
  4,203
  4,562
  4,936
  5,325
  5,729
  6,148
  6,584
  7,036
  7,507
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  55
  95
  139
  189
  244
  301
  360
  417
  470
  517
  556
  586
  605
  612
  608
  593
  568
  534
  494
  448
  399
  349
  299
  251
  207
  167
  132
  102
  77
  57
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services. It serves originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. The company was founded in 2008 and is based in Hamilton, Bermuda.

FINANCIAL RATIOS  of  Essent Group (ESNT)

Valuation Ratios
P/E Ratio 15
Price to Sales 7.3
Price to Book 2.5
Price to Tangible Book
Price to Cash Flow 12.3
Price to Free Cash Flow 12.4
Growth Rates
Sales Growth Rate 29.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -40%
Cap. Spend. - 3 Yr. Gr. Rate 0%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 7.4%
Total Debt to Equity 7.4%
Interest Coverage 0
Management Effectiveness
Return On Assets 13.3%
Ret/ On Assets - 3 Yr. Avg. 11.3%
Return On Total Capital 17.4%
Ret/ On T. Cap. - 3 Yr. Avg. 14.4%
Return On Equity 18.1%
Return On Equity - 3 Yr. Avg. 14.6%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 69%
EBITDA Margin - 3 Yr. Avg. 64.1%
Operating Margin 68.1%
Oper. Margin - 3 Yr. Avg. 63.1%
Pre-Tax Margin 68.1%
Pre-Tax Margin - 3 Yr. Avg. 63.2%
Net Profit Margin 48.7%
Net Profit Margin - 3 Yr. Avg. 43.5%
Effective Tax Rate 28.5%
Eff/ Tax Rate - 3 Yr. Avg. 31.4%
Payout Ratio 0%

ESNT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ESNT stock intrinsic value calculation we used $458 million for the last fiscal year's total revenue generated by Essent Group. The default revenue input number comes from 2016 income statement of Essent Group. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ESNT stock valuation model: a) initial revenue growth rate of 29.9% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for ESNT is calculated based on our internal credit rating of Essent Group, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Essent Group.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ESNT stock the variable cost ratio is equal to 20.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $55 million in the base year in the intrinsic value calculation for ESNT stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Essent Group.

Corporate tax rate of 27% is the nominal tax rate for Essent Group. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ESNT stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ESNT are equal to 2%.

Life of production assets of 2.3 years is the average useful life of capital assets used in Essent Group operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ESNT is equal to 0%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1344 million for Essent Group - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 93.416 million for Essent Group is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Essent Group at the current share price and the inputted number of shares is $3.4 billion.

RELATED COMPANIES Price Int.Val. Rating
MTG MGIC Investmen 10.71 16.92  str.buy
RDN Radian Group 16.30 24.45  buy
ACGL Arch Capital G 93.04 85.90  hold
NMIH NMI Holdings C 10.90 84.53  str.buy
AGO Assured Guaran 41.14 82.66  str.buy

COMPANY NEWS

▶ ETFs with exposure to Essent Group Ltd. : June 8, 2017   [Jun-08-17 01:34PM  Capital Cube]
▶ The Cycles in Mortgage Insurance   [May-31-17 05:33PM  Motley Fool]
▶ Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks   [May-25-17 09:43PM  Investor's Business Daily]
▶ Essent Group beats 1Q profit forecasts   [May-05-17 06:37AM  Associated Press]
▶ Trader's Daily Notebook: Another Day Without Direction   [Apr-11-17 07:00AM  TheStreet.com]
▶ New Strong Buy Stocks Going Up for April 6th   [Apr-06-17 07:35PM  Zacks]
▶ Why Are Top Fund Managers Buying The No. 8 IBD 50 Stock?   [Mar-17-17 04:11PM  Investor's Business Daily]
▶ Top Funds' New Stock Buys: Broadcom, Essent, Banks   [Mar-06-17 10:27AM  Investor's Business Daily]
▶ Essent EssentIQ Wins 2017 HW TECH100 Award   [06:30AM  Business Wire]
▶ Is Essent Group Ltd (ESNT) Going to Burn These Hedge Funds?   [Dec-05-16 05:54PM  at Insider Monkey]
▶ George Soros's Best-Performing Stocks of 2016 So Far   [Sep-27-16 04:50PM  at Motley Fool]
▶ 5 High Volume NYSE Stocks That Blasted to 52-Week Highs Monday   [Sep-20-16 01:44PM  at Insider Monkey]
▶ [$$] MGIC, Radiant, Essent Could See Fat Gains   [Jul-23-16 12:01AM  at Barrons.com]
Stock chart of ESNT Financial statements of ESNT Annual reports of ESNT
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.