Enact Holdings, Inc.

Finance
Specialty Insurers
www.enactmi.com

Earnings Score
Moat Score

Market Cap $5.24B
PE 8
Debt $742.71M
Cash $673.36M
EV $5.31B
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	$682.64M
EBIT	$869.95M
ROE	14%
ROA	13%
Equity	$5.04B
Growth Stability	100%
PE	7.68
PEG	1.11
PB	1.04
P/S	4.38
Price/Cash	0.13
Debt/Equity	0.15
Net Margins	58%
Op. Margins	73%
Earnings CAGR	7%
Sales Growth YoY	4%
Sales Growth QoQ	4%
Sales CAGR	8%
Equity CAGR	6%
Earnings Stability	-0.45
Earnings Growth YoY	10%
Earnings Growth QoQ	-2%

Earnings CAGR 5Y	7%
Sales CAGR 5Y	8%
Equity CAGR 5Y	6%
Earnings CAGR 3Y	3%
Sales CAGR 3Y	3%
Equity CAGR 3Y	8%
Market Cap	$5.24B
Revenue	$1.20B
Dividend Yield	4%
Payout Ratio	33%
Assets	$6.60B
Total Debt	$742.71M
Cash	$673.36M
Shares Outstanding	154.45M
EV	5.31B
Earnings Score	6%
Moat Score	95%
Shares Growth 3y	-2%
Equity Growth QoQ	4%
Equity Growth YoY	13%

Assets & ROA

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Stockholders Equity & ROE

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Enact Holdings Inc is a private mortgage insurance company serving the United States housing finance market. The principal mortgage insurance customers are originators of residential mortgage loans who determine which mortgage insurer or insurers they will use for the placement of mortgage insurance written on loans they originate. The company is engaged in the business of writing and assuming residential mortgage guaranty insurance.

SEC Filings

Direct access to Enact Holdings, Inc. (ACT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Enact Holdings, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Enact Holdings, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 7%

Stability -45%

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Enact Holdings, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Enact Holdings, Inc..

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	69%	33%	49%	64%	58%	58%
ROA	-	-	13%	16%	14%	13%
ROE	-	-	13%	17%	14%	14%

Good Net Margins (58.37%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-
Debt over Equity	-	0.19	0.18	0.18	0.16	0.15
Growth Stability	-	-	-	100%	100%	100%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.15)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	13%	1%	-2%	5%	8%
Earnings YoY growth	-	-45%	48%	29%	-5%	7%
Equity YoY growth	-	1%	6%	-0%	13%	6%
FCF YoY growth	-	-	-	-	-	-