A Business at a Glance
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Enact Holdings, Inc.
ACT
$7.0B
Mkt Cap
$46.76
+1.72%
Enact Holdings, Inc. (ACT) has a current P/E ratio of 10.3, compared to its historical median P/E of 6.8. The stock is currently considered Expensive based on its historical valuation range.
Enact Holdings, Inc. (ACT) has a 5-year average return on invested capital (ROIC) of 12.6%. This indicates solid capital allocation.
Enact Holdings, Inc. (ACT) has a market capitalization of $6.6B. It is classified as a mid-cap stock.
Yes, Enact Holdings, Inc. (ACT) pays a dividend with a trailing twelve-month yield of 1.87%. The company also returns capital through share buybacks, with a buyback yield of 6.25%.
Based on historical P/E analysis, Enact Holdings, Inc. (ACT) appears expensive. The current P/E of 10.3 is 53% above its historical median of 6.8. The estimated fair value CAGR (P/E method) is 6.1%.
Enact Holdings, Inc. (ACT) operates in the Insurance Agents, Brokers & Service industry, within the Financials sector.
Enact Holdings, Inc. (ACT) reported annual revenue of $1.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
We are a leading private mortgage insurance company serving the United States housing finance market since 1981 with a mission to help people buy a house and keep it their home. We operate in all 50 states and the District of Columbia. Our principal mortgage insurance customers are originators of residential mortgage loans who typically determine which mortgage insurer or insurers they will use for the placement of mortgage insurance written on loans they originate. As a private mortgage insurer, we play a critical role in the United States housing finance system. We are engaged in the business of writing and assuming residential mortgage guaranty insurance.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.2B | 1.2B | 1.2B | 1.2B | 1.1B | 1.1B |
| Net Income | 676M | 674M | 688M | 666M | 704M | 547M |
| EPS | $4.70 | $4.52 | $4.37 | $4.11 | $4.31 | $3.36 |
| Free Cash Flow | 0 | 725M | 686M | 632M | 561M | 572M |
| ROIC | 0.0% | 11.4% | 12.4% | 13.0% | 14.5% | 11.6% |
| Gross Margin | - | 69.5% | 73.1% | 73.8% | 82.0% | 62.2% |
| Debt/Equity | 0.14 | 0.14 | 0.15 | 0.16 | 0.18 | 0.18 |
| Dividends/Share | $0.87 | $0.82 | $0.72 | $1.33 | $1.54 | $1.23 |
| Operating Income | 0 | 859M | 878M | 852M | 898M | 695M |
| Operating Margin | 0.0% | 69.5% | 73.1% | 73.8% | 82.0% | 62.2% |
| ROE | 12.7% | 13.0% | 14.3% | 15.2% | 17.2% | 13.7% |
| Shares Outstanding | 140M | 149M | 157M | 162M | 163M | 163M |
| Metric | ||||||||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 979M | 1.1B | 1.1B | 1.1B | 1.2B | 1.2B | 1.2B | 1.2B |
| Gross Margin | 73.4% | 42.7% | 62.2% | 82.0% | 73.8% | 73.1% | 69.5% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | 215M | 231M | 227M | 212M | 213M | 208M | 208M |
| EBIT | 718M | 472M | 695M | 898M | 852M | 878M | 859M | 0 |
| Op. Margin | 73.4% | 42.7% | 62.2% | 82.0% | 73.8% | 73.1% | 69.5% | 0.0% |
| Net Income | 678M | 370M | 547M | 704M | 666M | 688M | 674M | 676M |
| Net Margin | 69.2% | 33.5% | 48.9% | 64.3% | 57.7% | 57.3% | 54.6% | 54.5% |
| Non-Recurring | 0 | 1.7M | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | N/A | 8.8% | 11.6% | 14.5% | 13.0% | 12.4% | 11.4% | 0.0% |
| ROE | N/A | 9.6% | 13.7% | 17.2% | 15.2% | 14.3% | 13.0% | 12.7% |
| ROA | N/A | 13.0% | 9.5% | 12.2% | 11.2% | 10.8% | 10.1% | 9.7% |
| Cash Flow | ||||||||
| Op. Cash Flow | 500M | 704M | 572M | 561M | 632M | 686M | 725M | 722M |
| Free Cash Flow | 500M | 704M | 572M | 561M | 632M | 686M | 725M | 0 |
| Owner Earnings | 500M | 704M | 571M | 551M | 617M | 667M | 705M | 702M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||||||
| Dividends Paid | 250M | 437M | 200M | 251M | 213M | 112M | 121M | 123M |
| Dividend Yield | N/A | N/A | 6.9% | 7.7% | 5.5% | 2.3% | 2.3% | 1.9% |
| Share Buybacks | 0 | 0 | 0 | 1.5M | 88M | 244M | 382M | 410M |
| Buyback Yield | 0.0% | N/A | N/A | 0.0% | 1.9% | 4.9% | 6.4% | 6.3% |
| Stock-Based Comp | 0 | 0 | 1.5M | 9.9M | 15M | 19M | 19M | 20M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 7.4M | 0 | 0 |
| Balance Sheet | ||||||||
| Net Debt | -585M | 285M | 315M | 226M | 110M | 140M | 162M | 196M |
| Cash & Equiv. | 585M | 453M | 426M | 514M | 616M | 599M | 582M | 549M |
| Long-Term Debt | 0 | 738M | 740M | 743M | 745M | 743M | 744M | 745M |
| Debt/Equity | N/A | 0.19 | 0.18 | 0.18 | 0.16 | 0.15 | 0.14 | 0.14 |
| Interest Coverage | N/A | 25.9 | 13.6 | 17.4 | 16.4 | 17.2 | 17.2 | 17.2 |
| Equity | N/A | 3.9B | 4.1B | 4.1B | 4.6B | 5.0B | 5.4B | 5.3B |
| Total Assets | N/A | 5.7B | 5.9B | 5.7B | 6.2B | 6.5B | 6.9B | 7.0B |
| Total Liabilities | N/A | 1.8B | 1.8B | 1.6B | 1.6B | 1.5B | 1.5B | 1.6B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | 1.3B | 1.6B | 2.1B | 2.6B | 3.1B | 3.7B | 3.8B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | ||||||||
| EPS | 4.16 | 2.27 | 3.36 | 4.31 | 4.11 | 4.37 | 4.52 | 4.70 |
| Owner EPS | 3.07 | 4.32 | 3.51 | 3.37 | 3.81 | 4.24 | 4.73 | 5.00 |
| Book Value | N/A | 23.79 | 25.23 | 25.10 | 28.61 | 31.73 | 35.90 | 38.09 |
| Cash Flow/Share | 3.07 | 4.32 | 3.52 | 3.43 | 3.90 | 4.36 | 4.86 | 4.82 |
| Dividends/Share | 1.53 | 2.68 | 1.23 | 1.54 | 1.33 | 0.72 | 0.82 | 0.87 |
| Shares Out. | 162.9M | 163.2M | 162.7M | 163.4M | 161.9M | 157.5M | 149.2M | 140.3M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | 5.1 | 5.0 | 6.8 | 7.2 | 8.8 | 10.0 |
| P/FCF | N/A | N/A | 4.9 | 6.2 | 7.1 | 7.2 | 8.2 | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 0.7 | 0.9 | 1.0 | 1.0 | 1.1 | 1.2 |
| Price/Sales | N/A | N/A | 2.6 | 3.0 | 3.3 | 4.0 | 4.3 | 5.3 |
| FCF Yield | N/A | N/A | 20.4% | 16.0% | 14.0% | 13.8% | 12.2% | N/A |
| Market Cap | 0 | N/A | 2.8B | 3.5B | 4.5B | 5.0B | 6.0B | 6.6B |
| Avg. Price | 0.00 | N/A | 17.72 | 19.97 | 23.86 | 30.71 | 35.31 | 46.76 |
| Year-End Price | 0.00 | N/A | 17.20 | 21.40 | 27.80 | 31.48 | 39.89 | 46.76 |
Enact Holdings, Inc. passes 6 of 9 quality checks, suggesting mixed fundamentals.
Enact Holdings, Inc. trades at 10.3x trailing earnings, compared to its 15-year median P/E of 6.8x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 9.6x vs a median of 7.1x. The company's 5-year average ROIC is 12.6% with a gross margin of 72.1%. Total shareholder yield (dividends + buybacks) is 8.1%. At current prices, the estimated annualized return to fair value is +4.2%.
Enact Holdings, Inc. (ACT) has a net profit margin of 54.6%. This is a strong margin indicating high profitability.
Enact Holdings, Inc. (ACT) generated $725 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Enact Holdings, Inc. (ACT) has a debt-to-equity ratio of 0.14. This indicates a conservatively financed balance sheet.
Enact Holdings, Inc. (ACT) reported earnings per share (EPS) of $4.52 in its most recent fiscal year.
Enact Holdings, Inc. (ACT) has a return on equity (ROE) of 13.0%. This indicates moderate shareholder returns.
Enact Holdings, Inc. (ACT) has a 5-year average gross margin of 72.1%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 7 years of financial data for Enact Holdings, Inc. (ACT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Enact Holdings, Inc. (ACT) has a book value per share of $35.90, based on its most recent annual SEC filing.
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