MGIC Total Stockholder Equity vs Capital Surpluse Analysis
| MTG Stock | USD 21.10 0.04 0.19% |
MGIC Investment financial indicator trend analysis is infinitely more than just investigating MGIC Investment Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MGIC Investment Corp is a good investment. Please check the relationship between MGIC Investment Total Stockholder Equity and its Capital Surpluse accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGIC Investment Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Total Stockholder Equity vs Capital Surpluse
Total Stockholder Equity vs Capital Surpluse Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MGIC Investment Corp Total Stockholder Equity account and Capital Surpluse. At this time, the significance of the direction appears to have very strong relationship.
The correlation between MGIC Investment's Total Stockholder Equity and Capital Surpluse is 0.8. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of MGIC Investment Corp, assuming nothing else is changed. The correlation between historical values of MGIC Investment's Total Stockholder Equity and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of MGIC Investment Corp are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Total Stockholder Equity i.e., MGIC Investment's Total Stockholder Equity and Capital Surpluse go up and down completely randomly.
Correlation Coefficient | 0.8 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Capital Surpluse
Most indicators from MGIC Investment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MGIC Investment Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGIC Investment Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, MGIC Investment's Enterprise Value Multiple is most likely to slightly decrease in the upcoming years.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 71.4M | 48.1M | 36.9M | 49.5M | Depreciation And Amortization | 66.0M | 54.3M | 35.2M | 42.6M |
MGIC Investment fundamental ratios Correlations
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MGIC Investment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MGIC Investment fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 6.2B | 7.4B | 7.3B | 6.2B | 6.5B | 5.7B | |
| Short Long Term Debt Total | 832.7M | 1.2B | 1.1B | 662.8M | 643.2M | 734.8M | |
| Total Stockholder Equity | 4.3B | 4.7B | 4.9B | 4.6B | 5.1B | 2.7B | |
| Property Plant And Equipment Net | 50.1M | 47.1M | 45.6M | 41.4M | 38.8M | 39.0M | |
| Net Debt | 670.9M | 955.2M | 862.0M | 335.4M | 272.6M | 441.5M | |
| Retained Earnings | 2.3B | 2.6B | 3.3B | 4.0B | 4.6B | 4.8B | |
| Non Currrent Assets Other | (5.8B) | (6.7B) | (6.6B) | (187.0M) | 263.4M | 276.6M | |
| Other Assets | 240.7M | 244.6M | 324.2M | 508.3M | 584.5M | 1.2B | |
| Common Stock Shares Outstanding | 373.9M | 359.3M | 351.3M | 311.2M | 287.2M | 225.9M | |
| Liabilities And Stockholders Equity | 6.2B | 7.4B | 7.3B | 6.2B | 6.5B | 5.7B | |
| Non Current Liabilities Total | 832.7M | 1.2B | 1.1B | 510.7M | 961.0M | 739.9M | |
| Other Stockholder Equity | 1.6B | 1.5B | 1.1B | 748.6M | 423.8M | 354.2M | |
| Total Liab | 832.7M | 1.2B | 1.1B | 1.6B | 1.4B | 1.4B | |
| Property Plant And Equipment Gross | 44.9M | 51.7M | 50.1M | 47.1M | 54.2M | 38.3M | |
| Other Current Liab | 532.2M | 784.8M | 817.3M | 195.3M | 472.1M | 448.5M | |
| Total Current Liabilities | 532.2M | 784.8M | 817.3M | 168.0M | 472.1M | 448.5M | |
| Cash | 161.8M | 288.0M | 284.7M | 327.4M | 370.6M | 345.7M | |
| Non Current Assets Total | 5.8B | 6.7B | 6.6B | 5.5B | 6.1B | 3.7B | |
| Cash And Short Term Investments | 161.8M | 288.0M | 284.7M | 327.4M | 6.1B | 6.4B | |
| Net Receivables | 21.6M | 95.0M | 66.9M | 28.2M | 101.7M | 102.4M | |
| Short Term Investments | 5.7B | 6.7B | 6.6B | 5.4B | 5.7B | 3.1B | |
| Total Current Assets | 183.5M | 383.0M | 351.6M | 240.3M | 370.6M | 352.1M | |
| Accumulated Other Comprehensive Income | 72.7M | 216.8M | 119.7M | (481.5M) | (316.3M) | (300.5M) | |
| Other Liab | 496.8M | 985.8M | 1.1B | 710.4M | 817.0M | 973.5M | |
| Long Term Debt | 420.9M | 879.4M | 1.1B | 641.7M | 643.2M | 755.3M | |
| Treasury Stock | (283.2M) | (393.3M) | (675.3M) | (1.1B) | (1.2B) | (1.3B) | |
| Property Plant Equipment | 50.1M | 47.1M | 45.6M | 41.4M | 47.6M | 39.4M | |
| Accounts Payable | 369.6M | 252.8M | 208.2M | 137.5M | 158.1M | 88.8M | |
| Net Tangible Assets | 4.3B | 4.7B | 4.9B | 4.6B | 5.3B | 3.0B | |
| Good Will | (204.4M) | 5.6B | 6.5B | 6.4B | 7.3B | 7.7B | |
| Retained Earnings Total Equity | 2.3B | 2.6B | 3.3B | 4.0B | 4.6B | 4.8B | |
| Long Term Debt Total | 420.9M | 879.4M | 1.1B | 641.7M | 738.0M | 765.2M | |
| Capital Surpluse | 1.9B | 1.9B | 1.8B | 1.8B | 2.1B | 1.8B | |
| Inventory | (702.0M) | (796.0M) | (755.0M) | (1.0B) | (6.2B) | (5.9B) | |
| Other Current Assets | 702.0M | 796.0M | 755.0M | 891.3M | 370.6M | 352.1M | |
| Long Term Investments | 5.8B | 6.7B | 6.7B | 5.5B | 5.7B | 6.0B |
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When determining whether MGIC Investment Corp is a strong investment it is important to analyze MGIC Investment's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MGIC Investment's future performance. For an informed investment choice regarding MGIC Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGIC Investment Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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When running MGIC Investment's price analysis, check to measure MGIC Investment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MGIC Investment is operating at the current time. Most of MGIC Investment's value examination focuses on studying past and present price action to predict the probability of MGIC Investment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MGIC Investment's price. Additionally, you may evaluate how the addition of MGIC Investment to your portfolios can decrease your overall portfolio volatility.
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Is MGIC Investment's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MGIC Investment. If investors know MGIC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MGIC Investment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.217 | Dividend Share 0.445 | Earnings Share 2.6 | Revenue Per Share 4.186 | Quarterly Revenue Growth 0.037 |
The market value of MGIC Investment Corp is measured differently than its book value, which is the value of MGIC that is recorded on the company's balance sheet. Investors also form their own opinion of MGIC Investment's value that differs from its market value or its book value, called intrinsic value, which is MGIC Investment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MGIC Investment's market value can be influenced by many factors that don't directly affect MGIC Investment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MGIC Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if MGIC Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGIC Investment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.