MGIC Investment Corporation Financial Ratios — MTG Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	-105.17	- -	- -	- -	- -	42.23	30.41	39.81	28.86	15.75	19.14	21.64	15.27	17.71	20.73
Return on Assets (%)	-5.87	-14.5	-0.89	4.64	21.05	5.9	6.27	11.86	11.32	6.57	8.65	12.78	11.18	11.66	11.2
Return on Capital (%)	- -	- -	- -	46.95	- -	18.95	17.55	28.33	22.6	12.76	15.32	18.43	13.94	15.97	18.23
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-32.19	-67.37	-4.44	27.02	46.83	48.44	73.59	75.11	69.85	46.64	67.62	92.94	78.11	80.21	76.51
Profit Margin (%)	-32.3	-67.26	-4.8	26.73	112.55	32.24	33.37	59.63	55.5	37.2	53.55	73.79	61.72	63.18	60.84
Net Income to Common Margin (%)	-32.3	-67.26	-4.8	26.73	112.55	32.24	33.37	59.63	55.5	37.2	53.55	73.79	61.72	63.18	60.84
Effective Tax Rate (%)	- -	- -	- -	1.09	- -	33.45	54.65	20.62	20.54	20.24	20.8	20.61	20.98	21.24	20.48
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	6.22	18.4	14.84	12.82	17.25	17.1	17.94
Sustainable Growth Rate (%)	-105.17	- -	- -	- -	- -	42.23	30.41	39.81	27.07	12.86	16.3	18.87	12.63	14.68	17.01

Credit (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	860	825	1,317	1,296	1,212	1,179	830	832	833	1,243	1,147	663	643	645	646
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	860	825	1,317	1,296	1,212	1,179	830	832	833	1,243	1,147	663	643	645	646
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	-0.01	-0.07	-0.07	-0.19	-0.28	-0.27	-0.11	-0.06	-0.06	-0.07	-0.05	-0.03	-0.03
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	103	99	80	70	69	57	57	53	53	60	71	48	37	36	36
Common Equity/Total Assets	2.68	-14.09	-13.11	-9.73	10.74	17.3	23.98	35.55	42.54	40.97	49.45	70.42	75.93	55.78	52.26
Long-Term Debt/Equity (%)	71.85	418.67	176.93	125.03	54.19	46.25	26.33	23.22	19.32	26.46	23.59	14.28	12.68	12.46	12.55
Long-Term Debt/Capital (%)	81.64	2,098.81	226.06	165.36	65.79	54.3	38.13	29.18	23.91	29.21	24.05	13.16	11.47	15	15.7
Long-Term Debt/Total Assets (%)	11.92	14.79	23.52	24.62	20.65	20.56	14.78	14.65	13.37	16.9	15.65	10.67	9.84	9.85	9.73
Total Debt/Equity (%)	71.85	418.67	176.93	125.03	54.19	46.25	26.33	23.22	19.32	26.46	23.59	14.28	12.68	12.46	12.55
Total Debt/Capital (%)	81.64	2,098.81	226.06	165.36	65.79	54.3	38.13	29.18	23.91	29.21	24.05	13.16	11.47	15	15.7
Total Debt/Total Assets (%)	11.92	14.79	23.52	24.62	20.65	20.56	14.78	14.65	13.37	16.9	15.65	10.67	9.84	9.85	9.73
Net Debt to Equity	-11.35	-103.13	132.24	105.95	46.09	40.15	23.16	18.98	15.57	20.33	17.73	7.22	5.51	8.03	5.38
Net Debt/Capital (%)	-236.08	20.55	393.79	187.42	62.06	50.78	35.15	25.19	20.2	24.07	19.22	7.12	5.33	10.21	7.4
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	-1	-5	-5	-11	-16	-14	-6	-3	-4	-3	-2	-1	-1
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	2.68	-14.09	-13.11	-9.73	10.74	17.3	23.98	35.55	42.54	40.97	49.45	70.42	75.93	55.78	52.26
Long-Term Debt/Equity (%)	71.85	418.67	176.93	125.03	54.19	46.25	26.33	23.22	19.32	26.46	23.59	14.28	12.68	12.46	12.55
Long-Term Debt/Capital (%)	81.64	2,098.81	226.06	165.36	65.79	54.3	38.13	29.18	23.91	29.21	24.05	13.16	11.47	15	15.7
Long-Term Debt/Total Assets (%)	11.92	14.79	23.52	24.62	20.65	20.56	14.78	14.65	13.37	16.9	15.65	10.67	9.84	9.85	9.73
Total Debt/Equity (%)	71.85	418.67	176.93	125.03	54.19	46.25	26.33	23.22	19.32	26.46	23.59	14.28	12.68	12.46	12.55
Total Debt/Capital (%)	81.64	2,098.81	226.06	165.36	65.79	54.3	38.13	29.18	23.91	29.21	24.05	13.16	11.47	15	15.7
Total Debt/Total Assets (%)	11.92	14.79	23.52	24.62	20.65	20.56	14.78	14.65	13.37	16.9	15.65	10.67	9.84	9.85	9.73
CFO/Total Liabilities	-31.3	-29.17	-19.99	-9.58	4.44	7.06	16.5	25.98	31.74	27.58	28.26	41.37	48.62	52.73	57.16
CFO/CapEx	- -	- -	-1,183.79	-86.1	34.86	21.3	25.31	38.24	108.15	221.17	169.21	199.76	356.66	617.57	832
Altman's Z-Score	0.28	0.06	0.27	0.4	0.74	1	1.68	1.7	2.27	1.63	1.96	2.61	3.4	3.62	3.61

Working Capital (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	9.25	6.35	6.35	5.35	6.73	10.41	9.95	11.37	14.27	10.4	7.61	8.88	11.21	11.46	10.26
Days Sales Outstanding	39.45	57.44	57.49	68.22	54.24	35.06	36.68	32.11	25.57	35.08	47.94	41.09	32.55	31.84	35.58
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	750	537	2,851	3,155	2,998	3,494	5,113	3,822	5,000	4,266	4,821	3,976	5,471	6,205	6,808
- Cash & Cash Equivalents	996	1,028	333	198	181	155	100	152	162	288	285	327	364	229	369
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	860	825	1,317	1,296	1,212	1,179	830	832	833	1,243	1,147	663	643	645	646
Enterprise Value	-5,209	-3,896	-1,032	-359	-634	-175	853	-650	-67	-1,440	-905	-1,098	27	768	1,293
Total Capital	1,053	39	583	784	1,842	2,171	2,178	2,850	3,483	4,257	4,769	5,038	5,608	4,297	4,116
Total Debt/Capital (%)	81.64	2,098.81	226.06	165.36	65.79	54.3	38.13	29.18	23.91	29.21	24.05	13.16	11.47	15	15.7
Total Debt / EV	-0.17	-0.21	-1.28	-3.61	-1.91	-6.74	0.97	-1.28	-12.35	-0.86	-1.27	-0.6	23.68	0.84	0.5
EV/Sales	- -	- -	- -	- -	- -	- -	0.8	- -	- -	- -	- -	- -	0.02	0.64	1.07
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	1.97	- -	- -	- -	- -	- -	0.04	1.02	1.47
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	1.9	- -	- -	- -	- -	- -	0.04	1.02	1.47
Diluted Market Cap	750	537	2,851	3,854	4,133	4,402	5,570	4,038	5,299	4,509	5,066	4,046	5,539	6,259	6,870
Diluted Enterprise Value	615	334	3,835	4,953	5,164	5,425	6,301	4,718	5,969	5,464	5,928	4,381	5,819	6,675	7,147
EV per Share	- -	- -	- -	- -	- -	- -	2.35	- -	- -	- -	- -	- -	0.1	2.93	5.55
TTM Sales	1,504	1,378	1,039	943	1,041	1,062	1,066	1,124	1,214	1,199	1,186	1,173	1,155	1,208	1,214
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	-1,780	-1,469	-885	-336	327	262	433	587	651	780	753	688	742	753	881
TTM Free Cash Flow to Firm	-1,780	-1,469	-884	-332	332	273	449	601	657	783	757	691	744	754	882

Multiples (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	-0.4	-0.34	-2.94	-9.62	24.89	18.71	13.18	7.23	8.61	6.13	7.23	6.19	7.75	8.62	8.05
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-5,209	-3,896	-1,032	-359	-634	-175	853	-650	-67	-1,440	-905	-1,098	27	768	1,293
Low Price	1.51	0.66	2.36	7.16	8	5.36	9.68	9.41	10.2	4.34	11.56	11.38	12.16	18.68	21.94
EV/Sales	- -	- -	- -	- -	- -	- -	0.8	- -	- -	- -	- -	- -	0.02	0.64	1.07
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	12.52	2.56	10.2	14.37	5.7	7.42	9.56	7.59	4.59	7.67	8.13	9.22
Price/Earnings Average	-2.38	-0.61	-41.35	11.54	2.89	7.62	11.97	6.69	6.96	7.5	7.48	4.89	6.27	7.71	8.32
Price/Earnings High	-4.88	-1.12	-58.88	12.99	3.4	10.6	15.93	8.84	7.84	11.61	8.78	5.96	7.81	9.11	9.46
Price/Earnings Low	-0.63	-0.14	-15.99	9.62	2.32	5.37	9.86	5.13	5.34	3.31	6.09	4.02	4.84	6.41	6.92
Price/Book Value	3.88	-0.68	-3.88	-6.16	4.76	3.52	3.79	1.89	1.89	1.42	1.33	0.91	1.1	1.7	1.96
Price/Book Value Average	5.98	-0.72	-2.81	-5.67	5.37	2.63	3.16	2.22	1.77	1.11	1.31	0.97	0.9	1.61	1.77
Price/Book Value High	12.26	-1.33	-4	-6.39	6.32	3.66	4.21	2.93	1.99	1.72	1.54	1.18	1.12	1.9	2.01
Price/Book Value Low	1.57	-0.17	-1.09	-4.73	4.31	1.85	2.6	1.7	1.36	0.49	1.07	0.8	0.69	1.34	1.47
Price/Tangible Book Value	0.63	2.73	3.83	3.04	1.34	1.37	1.62	1.07	1.16	0.91	0.99	0.86	1.08	1.2	1.32
Price/Tangible Book Value Average	0.97	2.87	2.77	2.8	1.51	1.02	1.35	1.25	1.09	0.71	0.98	0.91	0.88	1.14	1.19
Price/Tangible Book Value High	1.98	5.28	3.94	3.16	1.78	1.42	1.8	1.65	1.23	1.1	1.15	1.11	1.1	1.34	1.36
Price/Tangible Book Value Low	0.25	0.68	1.07	2.34	1.21	0.72	1.11	0.96	0.84	0.31	0.8	0.75	0.68	0.95	0.99
Price/Sales	0.5	0.39	2.74	3.35	2.88	3.29	4.8	3.4	4.12	3.56	4.07	3.39	4.74	5.14	5.61
Price/Sales Average	0.77	0.41	1.98	3.08	3.25	2.46	3.99	3.99	3.86	2.79	4	3.6	3.87	4.87	5.06
Price/Sales High	1.58	0.75	2.82	3.47	3.82	3.42	5.32	5.27	4.35	4.32	4.7	4.39	4.82	5.75	5.75
Price/Sales Low	0.2	0.1	0.77	2.57	2.61	1.73	3.29	3.06	2.96	1.23	3.26	2.97	2.99	4.05	4.21
Price/Cash Flow	-0.4	-0.34	-2.94	-7.79	18.58	15.55	12.57	7.02	8.2	5.83	6.92	6.12	7.67	8.56	7.98
Price/Cash Flow Average	-0.61	-0.36	-2.12	-7.17	20.95	11.61	10.47	8.23	7.69	4.57	6.82	6.5	6.27	8.11	7.2
Price/Cash Flow High	-1.26	-0.66	-3.02	-8.08	24.66	16.16	13.94	10.88	8.67	7.07	8	7.93	7.81	9.59	8.19
Price/Cash Flow Low	-0.16	-0.08	-0.82	-5.98	16.83	8.18	8.63	6.31	5.9	2.01	5.55	5.35	4.84	6.74	5.99
Price/Free Cash Flow Average	-0.61	-0.36	-2.13	-8.87	28.08	13.97	10.97	8.47	8.08	4.81	7.12	6.59	6.33	8.17	7.26
Price/Free Cash Flow High	-1.26	-0.66	-3.03	-9.98	33.04	19.44	14.61	11.2	9.1	7.44	8.36	8.03	7.89	9.66	8.25
Price/Free Cash Flow Low	-0.16	-0.08	-0.82	-7.39	22.55	9.84	9.04	6.5	6.2	2.12	5.8	5.42	4.88	6.79	6.04
EV/Sales Average	0.68	0.26	2.93	4.25	4.24	3.42	4.68	4.59	4.42	3.59	4.73	3.89	4.11	5.21	5.29
EV/Sales High	1.49	0.61	3.77	4.64	4.81	4.38	6	5.88	4.9	5.12	5.43	4.68	5.06	6.1	5.98
EV/Sales Low	0.11	- -	1.71	3.74	3.6	2.69	3.98	3.66	3.52	2.03	3.99	3.25	3.23	4.39	4.44
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	3.73	2.66	8.44	9.32	8.83	10.19	14.11	10.46	14.17	12.55	14.42	13	19.29	23.71	29.22
High Price	11.79	5.15	8.69	9.67	11.72	10.59	15.64	16.21	14.97	15.24	16.67	16.85	19.64	26.56	29.97
Enterprise Value Average	1,022	363	3,046	4,006	4,413	3,633	4,988	5,161	5,360	4,300	5,610	4,563	4,750	6,297	6,418
Enterprise Value High	2,236	837	3,920	4,372	5,010	4,655	6,398	6,603	5,953	6,136	6,435	5,489	5,850	7,366	7,259
Enterprise Value Low	168	-70	1,782	3,523	3,747	2,861	4,238	4,118	4,270	2,431	4,727	3,816	3,728	5,303	5,389

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	201	202	338	339	340	341	371	355	347	339	320	293	272	248	219
Diluted Weighted Avg Shares	201	202	338	414	468	432	395	386	374	359	351	311	287	264	235
Basic Weighted Avg Shares	201	202	338	339	340	343	362	365	353	340	334	306	284	262	233
Revenue per Share	7.48	6.82	3.08	2.78	3.07	3.1	2.94	3.08	3.44	3.53	3.55	3.83	4.07	4.62	5.21
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	-2.42	-4.59	-0.15	0.74	3.45	1	0.98	1.83	1.91	1.31	1.9	2.83	2.51	2.92	3.17
Basic EPS from Cont Ops	-2.42	-4.59	-0.15	0.74	3.45	1	0.98	1.83	1.91	1.31	1.9	2.83	2.51	2.92	3.17
Diluted EPS, GAAP	-2.42	-4.59	-0.15	0.61	2.5	0.79	0.9	1.74	1.8	1.24	1.81	2.78	2.48	2.89	3.14
Diluted EPS from Cont Ops	-2.42	-4.59	-0.15	0.61	2.5	0.79	0.9	1.74	1.8	1.24	1.81	2.78	2.48	2.89	3.14
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	0.12	0.24	0.28	0.36	0.43	0.5	0.57
Cash Flow per Share	-9.36	-7.76	-2.87	-1.2	0.48	0.66	1.12	1.49	1.73	2.15	2.08	2.13	2.51	2.77	3.66
Free Cash Flow per Basic Share	-9.36	-7.76	-2.88	-1.21	0.46	0.62	1.08	1.45	1.71	2.14	2.07	2.11	2.51	2.77	3.66
Cash & Equivalents per Share	33.9	26.03	15.39	14.21	14.27	14.14	14.05	14.52	16.72	20.44	20.56	18.76	21.46	23.24	26.44
Book Value per Share	0.96	-3.89	-2.17	-1.51	1.86	2.89	3.72	5.52	7.51	8.86	10.83	14.31	17.5	13.96	14.89
Tangible Book Value per Share	5.95	0.97	2.2	3.06	6.59	7.43	8.71	9.8	12.21	13.82	14.54	15.18	17.88	19.77	22.09

MGIC Investment Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)