Stock MTG MGIC INVESTMENT CORPORATION
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Financials MGIC Investment Corporation

Equities

MTG

US5528481030

Property & Casualty Insurance

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
20.48 USD +0.59% Intraday chart for MGIC Investment Corporation +3.28% +6.17%
Apr. 25 MGIC Investment Approves $750 Million Share-Repurchase Plan, Keeps Quarterly Dividend Steady MT
Apr. 25 MGIC Investment Corporation Announces Quarterly Dividend, Payable on May 21, 2024 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,941 4,249 4,695 3,861 5,349 5,523 - -
Enterprise Value (EV) 1 4,941 4,249 4,695 3,861 5,349 5,523 5,523 5,523
P/E ratio 7.66 x 9.73 x 7.79 x 4.66 x 7.75 x 8.29 x 7.96 x 7.43 x
Yield 0.85% 1.91% 1.94% 2.77% 2.23% 2.33% 2.51% 3.03%
Capitalization / Revenue 4.07 x 3.54 x 3.96 x 3.29 x 4.63 x 4.53 x 4.38 x 4.3 x
EV / Revenue 4.07 x 3.54 x 3.96 x 3.29 x 4.63 x 4.53 x 4.38 x 4.3 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.14 x 0.9 x 0.95 x 0.82 x 1.04 x 0.99 x 0.9 x 0.83 x
Nbr of stocks (in thousands) 348,709 338,573 325,583 297,025 277,311 269,670 - -
Reference price 2 14.17 12.55 14.42 13.00 19.29 20.48 20.48 20.48
Announcement Date 2/4/20 2/23/21 2/2/22 2/1/23 1/31/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,214 1,199 1,186 1,173 1,155 1,218 1,260 1,285
EBITDA - - - - - - - -
EBIT 842.7 632.3 - 1,138 - - - -
Operating Margin 69.41% 52.73% - 97.04% - - - -
Earnings before Tax (EBT) 1 848 559.3 801.8 1,090 902.2 838.6 823.2 868.9
Net income 1 673.8 446.1 635 865.3 712.9 659.9 646.4 662.8
Net margin 55.5% 37.2% 53.55% 73.79% 61.72% 54.18% 51.29% 51.56%
EPS 2 1.850 1.290 1.850 2.790 2.490 2.470 2.574 2.758
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1200 0.2400 0.2800 0.3600 0.4300 0.4767 0.5133 0.6200
Announcement Date 2/4/20 2/23/21 2/2/22 2/1/23 1/31/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 295.7 294.1 294.6 293.1 292.8 292.3 284 290.7 296.5 284 301.2 302.9 305.6 308.1 311.8
EBITDA - - - - - - - - - - - - - - -
EBIT - - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - - -
Earnings before Tax (EBT) 1 199.7 218.6 219.4 315.9 314.3 240.4 195.6 242.4 234.4 229.8 211.2 211.9 209.8 207.2 208.8
Net income 1 158 173.9 175 249.3 249.6 191.4 154.5 191.1 182.8 184.5 166.9 167.2 163.7 162 162
Net margin 53.42% 59.14% 59.4% 85.04% 85.25% 65.51% 54.42% 65.73% 61.67% 64.98% 55.42% 55.2% 53.58% 52.57% 51.95%
EPS 2 0.4600 0.5200 0.5400 0.8000 0.8100 0.6400 0.5300 0.6600 0.6400 0.6600 0.6120 0.6212 0.6177 0.6227 0.6194
Dividend per Share 2 0.0800 0.0800 0.0800 0.0800 0.1000 0.1000 0.1000 0.1000 0.1150 0.1150 0.1175 0.1175 0.1250 0.1250 0.1300
Announcement Date 11/3/21 2/2/22 5/4/22 8/3/22 11/2/22 2/1/23 5/3/23 8/2/23 10/31/23 1/31/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 17.1% 9.9% 13.3% 19% 14.4% 12.7% 12.1% 12%
ROA (Net income/ Total Assets) 11.3% 6.57% 8.65% 12.8% 11.2% 10.3% 9.5% -
Assets 1 5,954 6,792 7,340 6,769 6,376 6,407 6,804 -
Book Value Per Share 2 12.40 13.90 15.20 15.80 18.60 20.60 22.80 24.60
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/4/20 2/23/21 2/2/22 2/1/23 1/31/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for MGIC Investment Corporation

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
20.48 USD
Average target price
22.31 USD
Spread / Average Target
+8.95%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Property Insurance

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Property Insurance
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