ACT - Enact Holdings, Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$45.00
DETAILS
HIGH:
$50.00
LOW:
$40.00
MEDIAN:
$45.00
CONSENSUS:
$45.00
UPSIDE:
5.31%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 1,230.4 | 1,201.9 | 1,153.7 | 1,094.9 | 1,120.2 | 1,106.5 | 978.9 | 841.1 |
| Cost of Revenue | 109.5 | 261.6 | 250.3 | 145.1 | 371.6 | 615.8 | 260.7 | 0 |
| Gross Profit | 1,120.9 | 940.3 | 903.4 | 949.7 | 748.6 | 490.7 | 718.2 | 841.1 |
| Operating Expenses | ||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Expenses | 262.0 | 62.2 | 51.9 | 51.5 | 53.3 | 18.2 | 0 | 191.0 |
| Operating Expenses | 262.0 | 62.2 | 51.9 | 51.5 | 53.3 | 18.2 | 0 | 191.0 |
| Operating Income | ||||||||
| Operating Income | 858.8 | 878.1 | 851.5 | 898.2 | 695.2 | 472.4 | 718.2 | 613.7 |
| Interest Expense | 49.9 | 51.2 | 51.9 | 51.7 | 51.0 | 18.2 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||
| EBITDA | 908.8 | 929.2 | 903.4 | 949.9 | 746.2 | 490.7 | 718.2 | (30.3) |
| EBIT | 908.8 | 929.2 | 903.4 | 949.9 | 746.2 | 490.7 | 718.2 | 613.7 |
| Income Before Tax | 858.8 | 878.1 | 851.5 | 898.2 | 695.2 | 472.4 | 718.2 | 613.7 |
| Income Tax Expense | 184.6 | 190.0 | 186.0 | 194.1 | 148.5 | 102.0 | 155.8 | 129.8 |
| Net Income | 674.2 | 688.1 | 665.5 | 704.2 | 546.7 | 370.4 | 677.6 | 483.9 |
| Per Share Data | ||||||||
| EPS (Basic) | 4.54 | 4.40 | 4.14 | 4.32 | 3.36 | 2.27 | 3.45 | 2.97 |
| EPS (Diluted) | 4.52 | 4.37 | 4.11 | 4.31 | 3.36 | 2.27 | 3.45 | 2.97 |
| Shares Outstanding | 148.4 | 156.3 | 160.9 | 162.8 | 162.8 | 162.8 | 162.8 | 162.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 582.5 | 599.4 | 615.7 | 513.8 | 425.8 | 452.8 | 585.1 | 159.1 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 46.1 | 53.0 | 45.1 | 41.7 | 42.3 | 46.5 | 41.2 | 40.0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 628.6 | 652.5 | 660.8 | 555.5 | 468.1 | 499.3 | 626.2 | 199.1 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 0 | 8.8 | 11.3 | 13.6 | 15.5 | 0 | 22.6 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 6,050.5 | 5,628.1 | 5,286.4 | 4,887.8 | 5,293.3 | 5,046.6 | 3,764.4 | 3,699.3 |
| Other Non-Current Assets | 194.3 | 167.1 | 143.6 | 124.8 | 88.8 | 106.9 | 86.7 | 80.4 |
| Total Non-Current Assets | 6,264.8 | 5,897.4 | 5,556.8 | 5,180.3 | 5,446.1 | 5,199.0 | 3,928.8 | 3,899.8 |
| Total Assets | 6,893.5 | 6,549.8 | 6,217.6 | 5,735.8 | 5,914.2 | 5,698.3 | 4,555.0 | 4,098.8 |
| Current Liabilities | ||||||||
| Account Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 3.9 | 3.8 | 3.4 | 0 | 51.5 | 0 | 0 |
| Deferred Revenue | 91.6 | 114.7 | 149.3 | 202.7 | 246.3 | 306.9 | 383.5 | 421.8 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 91.6 | 118.6 | 153.1 | 206.2 | 246.3 | 358.4 | 383.5 | 421.8 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 744.5 | 749.7 | 755.1 | 755.3 | 758.1 | 707.1 | 23.4 | 0 |
| Deferred Tax Liabilities | 0 | 28.3 | 27.1 | 26.7 | 50.0 | 82.4 | 52.1 | 28.0 |
| Other Non-Current Liabilities | 702.2 | 650.4 | 640.1 | 634.3 | 736.5 | 651.6 | 245.6 | 375.3 |
| Total Non-Current Liabilities | 1,446.6 | 1,435.2 | 1,432.1 | 1,428.7 | 1,562.3 | 1,458.1 | 344.5 | 403.3 |
| Total Liabilities | 1,538.3 | 1,553.7 | 1,585.2 | 1,634.9 | 1,808.6 | 1,816.5 | 728.0 | 825.1 |
| Stockholders' Equity | ||||||||
| Common Stock | 1.4 | 1.5 | 1.6 | 1.6 | 1.6 | 0 | 0 | 0 |
| Retained Earnings | 3,677.4 | 3,125.2 | 2,550.3 | 2,100.0 | 1,648.5 | 1,303.1 | 1,370.0 | 942.4 |
| Accumulated Other Comprehensive Income | (30.1) | (207.5) | (230.4) | (382.7) | 83.6 | 208.4 | 93.4 | (26.5) |
| Total Stockholders' Equity | 5,355.2 | 4,996.1 | 4,632.3 | 4,100.9 | 4,105.5 | 3,881.8 | 3,827.1 | 3,273.7 |
| Total Liabilities & Equity | 6,893.5 | 6,549.8 | 6,217.6 | 5,735.8 | 5,914.2 | 5,698.3 | 4,555.0 | 4,098.8 |
| Debt Metrics | ||||||||
| Total Debt | 744.5 | 760.3 | 768.7 | 771.3 | 775.8 | 775.5 | 46.8 | 0 |
| Net Debt | 162.0 | 160.9 | 153.0 | 257.5 | 350.0 | 322.7 | (538.3) | (159.1) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 674.2 | 688.1 | 665.5 | 704.2 | 546.7 | 370.4 | 677.6 | 483.9 |
| Depreciation & Amortization | 0 | 0 | 0 | (0.7) | 3.3 | 0 | (2.9) | 0 |
| Stock-Based Compensation | 0 | 18.8 | 15.3 | 9.9 | 1.5 | 0 | 2.9 | 4.1 |
| Change in Working Capital | 15.8 | (53.0) | (61.5) | (158.2) | 21.1 | 309.9 | (156.2) | (152.3) |
| Other Non-Cash Items | 34.5 | 28.0 | 14.6 | 7.7 | 0.9 | 12.9 | (78.1) | 179.5 |
| Operating Cash Flow | 724.5 | 686.3 | 632.0 | 560.5 | 572.1 | 704.4 | 500.0 | 511.1 |
| Investing Activities | ||||||||
| Capital Expenditure | 0 | 0 | 0 | 6.6 | (685.7) | 0 | (176.0) | 0 |
| Acquisitions | 0 | 0 | 0 | (6.5) | (27.3) | 0 | 510.2 | 0 |
| Purchases of Investments | (1,896.7) | (1,605.7) | (1,035.1) | (1,219.3) | (1,583.2) | (1,942.5) | (951.3) | (1,258.8) |
| Sales/Maturities of Investments | 1,678.6 | 1,306.2 | 819.6 | 1,005.6 | 1,211.8 | 805.6 | 617.0 | 760.6 |
| Other Investing Activities | (8.3) | (21.1) | (13.9) | (6.6) | 685.7 | 0 | 176.0 | (498.2) |
| Investing Cash Flow | (226.4) | (320.5) | (229.4) | (220.3) | (398.8) | (1,136.9) | 176.0 | (498.2) |
| Financing Activities | ||||||||
| Net Debt Issuance | 0 | (7.9) | 0 | 0 | 0 | 737.7 | 0 | 0 |
| Stock Repurchased | (382.4) | (244.0) | (87.8) | (1.5) | 0 | 0 | 0 | 0 |
| Dividends Paid | (120.8) | (111.7) | (213.0) | (250.8) | (200.3) | (437.4) | (250) | (50) |
| Other Financing Activities | (11.8) | (18.5) | 0 | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | (515.1) | (382.0) | (300.7) | (252.3) | (200.3) | 300.3 | (250) | (50) |
| Cash Position | ||||||||
| Net Change in Cash | (16.9) | (16.3) | 101.9 | 87.9 | (27.0) | (132.3) | 426.0 | (37.1) |
| Cash at Beginning | 599.4 | 615.7 | 513.8 | 425.8 | 452.8 | 585.1 | 159.1 | 196.1 |
| Cash at End | 582.5 | 599.4 | 615.7 | 513.8 | 425.8 | 452.8 | 585.1 | 159.1 |
| Free Cash Flow | 724.5 | 686.3 | 632.0 | 567.1 | (113.5) | 704.4 | 324.0 | 511.1 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 1,230.4 | 1,201.9 | 1,153.7 | 1,094.9 | 1,120.2 | 1,106.5 | 978.9 | 841.1 |
| Gross Profit | 1,120.9 | 940.3 | 903.4 | 949.7 | 748.6 | 490.7 | 718.2 | 841.1 |
| Operating Income | 858.8 | 878.1 | 851.5 | 898.2 | 695.2 | 472.4 | 718.2 | 613.7 |
| Net Income | 674.2 | 688.1 | 665.5 | 704.2 | 546.7 | 370.4 | 677.6 | 483.9 |
| EPS (Diluted) | 4.52 | 4.37 | 4.11 | 4.31 | 3.36 | 2.27 | 3.45 | 2.97 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 582.5 | 599.4 | 615.7 | 513.8 | 425.8 | 452.8 | 585.1 | 159.1 |
| Total Assets | 6,893.5 | 6,549.8 | 6,217.6 | 5,735.8 | 5,914.2 | 5,698.3 | 4,555.0 | 4,098.8 |
| Total Debt | 744.5 | 760.3 | 768.7 | 771.3 | 775.8 | 775.5 | 46.8 | 0 |
| Stockholders' Equity | 5,355.2 | 4,996.1 | 4,632.3 | 4,100.9 | 4,105.5 | 3,881.8 | 3,827.1 | 3,273.7 |
| Cash Flow | ||||||||
| Operating Cash Flow | 724.5 | 686.3 | 632.0 | 560.5 | 572.1 | 704.4 | 500.0 | 511.1 |
| Capital Expenditure | 0 | 0 | 0 | 6.6 | (685.7) | 0 | (176.0) | 0 |
| Free Cash Flow | 724.5 | 686.3 | 632.0 | 567.1 | (113.5) | 704.4 | 324.0 | 511.1 |