James River Group Holdings, Ltd. (JRVR) vs NMI Holdings Inc (NMIH)

James River Group Holdings, Ltd. and NMI Holdings Inc are both Insurance Specialty companies. NMI Holdings Inc is the larger, with a market value of $3.1B against $163.3M — 19.2× the size. James River Group Holdings, Ltd. trades at the lower P/E: 6.9× against 8.0×. NMI Holdings Inc grew revenue faster over the last twelve months: 7.53% against −1.82%. NMI Holdings Inc has the higher net margin (54.1% vs 3.47%) and the higher return on invested capital (10.4% vs 3.99%). Across the 21 metrics below, NMI Holdings Inc leads on 11 and James River Group Holdings, Ltd. on 10.

Valuation

Metric JRVR NMIH Insurance Specialty median
P/E 6.92 7.97 9.15
P/S 0.25 4.28 1.84
P/B 0.31 1.16 1.16
Price to free cash flow n/m 7.08 8.16
EV/EBITDA 5.80 6.37 7.51
EV/Sales 0.44 4.75 2.17
Earnings yield 14.45% 12.54% 10.79%
Free cash flow yield (1.41%) 14.13% 11.79%

Profitability

Metric JRVR NMIH Insurance Specialty median
Gross margin 35.43% 89.94% 73.81%
Operating margin 7.63% 73.24% 17.70%
Net margin 3.47% 54.10% 13.80%
Free cash flow margin (0.35%) 60.43% 34.47%
Return on equity 4.47% 15.43% 12.01%
Return on assets 0.46% 10.42% 4.12%
Return on invested capital 3.99% 10.38% 8.77%

Growth

Metric JRVR NMIH Insurance Specialty median
Revenue growth (TTM) (1.82%) 7.53% 7.53%
EPS growth (last fiscal year) 125.82% 11.06% —
Revenue growth, 5-year CAGR 0.56% 10.27% 2.24%
Net income growth, 5-year CAGR 52.32% 17.78% 0.00%

Health

Metric JRVR NMIH Insurance Specialty median
Debt to equity 0.50 0.15 0.15
Current ratio 0.63 0.56 0.53
Net debt to EBITDA 0.43 0.69 0.28

Dividend

Metric JRVR NMIH Insurance Specialty median
Dividend yield 2.22% — 2.60%
Payout ratio 0.21 0.00 0.21

Size

Metric JRVR NMIH Insurance Specialty median
Market cap 163.26m 3.13b 3.13b

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