WallStSmart

NMI Holdings Inc (NMIH)vsRyan Specialty Group Holdings Inc (RYAN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Ryan Specialty Group Holdings Inc generates 324% more annual revenue ($2.99B vs $706.44M). NMIH leads profitability with a 55.0% profit margin vs 2.1%. NMIH trades at a lower P/E of 7.6x. NMIH earns a higher WallStSmart Score of 71/100 (B).

NMIH

Strong Buy

71

out of 100

Grade: B

Growth: 6.7Profit: 9.0Value: 10.0Quality: 5.0

RYAN

Buy

54

out of 100

Grade: C-

Growth: 8.7Profit: 6.5Value: 3.0Quality: 4.5
Piotroski: 3/9Altman Z: 0.61
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NMIHUndervalued (+68.2%)

Margin of Safety

+68.2%

Fair Value

$128.71

Current Price

$37.22

$91.49 discount

UndervaluedFair: $128.71Overvalued
RYANSignificantly Overvalued (-95.7%)

Margin of Safety

-95.7%

Fair Value

$22.00

Current Price

$33.50

$11.50 premium

UndervaluedFair: $22.00Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NMIH4 strengths · Avg: 10.0/10
P/E RatioValuation
7.6x10/10

Attractively priced relative to earnings

Price/BookValuation
1.1x10/10

Reasonable price relative to book value

Profit MarginProfitability
55.0%10/10

Keeps 55 of every $100 in revenue as profit

Operating MarginProfitability
71.0%10/10

Strong operational efficiency at 71.0%

RYAN1 strengths · Avg: 10.0/10
EPS GrowthGrowth
110.1%10/10

Earnings expanding 110.1% YoY

Areas to Watch

NMIH1 concerns · Avg: 4.0/10
PEG RatioValuation
1.664/10

Expensive relative to growth rate

RYAN4 concerns · Avg: 2.5/10
Profit MarginProfitability
2.1%3/10

2.1% margin — thin

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

P/E RatioValuation
71.3x2/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
0.612/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : NMIH

The strongest argument for NMIH centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 55.0% and operating margin at 71.0%.

Bull Case : RYAN

The strongest argument for RYAN centers on EPS Growth. Revenue growth of 13.6% demonstrates continued momentum.

Bear Case : NMIH

The primary concerns for NMIH are PEG Ratio.

Bear Case : RYAN

The primary concerns for RYAN are Profit Margin, Piotroski F-Score, P/E Ratio. A P/E of 71.3x leaves little room for execution misses. Debt-to-equity of 5.68 is elevated, increasing financial risk.

Key Dynamics to Monitor

NMIH profiles as a mature stock while RYAN is a value play — different risk/reward profiles.

RYAN carries more volatility with a beta of 0.65 — expect wider price swings.

RYAN is growing revenue faster at 13.6% — sustainability is the question.

RYAN generates stronger free cash flow (246M), providing more financial flexibility.

Bottom Line

NMIH scores higher overall (71/100 vs 54/100), backed by strong 55.0% margins. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

NMI Holdings Inc

FINANCIAL SERVICES · INSURANCE - SPECIALTY · USA

NMI Holdings, Inc. provides private home equity insurance services in the United States. The company is headquartered in Emeryville, California.

Ryan Specialty Group Holdings Inc

FINANCIAL SERVICES · INSURANCE - SPECIALTY · USA

Ryan Specialty Group Holdings Inc is a leading provider of specialty insurance solutions, focused on delivering innovative risk management services across diverse sectors. The company leverages a vast network of insurance wholesale operations and underwriting expertise to meet the complex needs of its clients, backed by strong relationships with insurers and distribution channels. By integrating advanced technology and analytics, Ryan Specialty enhances underwriting efficiencies and client results, positioning itself as a key player in the evolving insurance landscape. With a commitment to strategic growth initiatives, the company is poised to create sustainable shareholder value in a dynamic market.

Visit Website →

Want to dig deeper into these stocks?