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Essent Group Stock is a Potential Tenbagger



๐ŸŽฎ As you know, I had a stock in my portfolio which was a Tenbagger recently, GameStop $GME . ๐˜ผ ๐™ฉ๐™š๐™ฃ๐™—๐™–๐™œ๐™œ๐™š๐™ง ๐™ข๐™š๐™–๐™ฃ๐™จ ๐™– ๐™จ๐™ฉ๐™ค๐™˜๐™  ๐™ฉ๐™๐™–๐™ฉ ๐™˜๐™–๐™ฃ ๐™œ๐™–๐™ž๐™ฃ ๐Ÿต๐Ÿฌ๐Ÿฌ% ๐™ค๐™ง ๐™ข๐™ค๐™ง๐™š ๐™ž๐™ฃ ๐Ÿญ๐Ÿฌ ๐™ฎ๐™š๐™–๐™ง๐™จ ๐™ค๐™ง ๐™ก๐™š๐™จ๐™จ. If you're going to read my initial analysis of GameStop from September 2019, the expected returns were only 35% in a year. Even when I saw the inevitable short squeeze, I only said that it could gain 500%. But I always knew that it could be a tenbagger or more. The expected returns are always after taking a margin of safety and I like being conservative.


๐Ÿš€ Even my analysis of Essent Group $ESNT is pretty conservative but when we look at the best case scenario, ๐™ž๐™ฉ ๐™ž๐™จ ๐™– ๐™ฅ๐™ค๐™ฉ๐™š๐™ฃ๐™ฉ๐™ž๐™–๐™ก ๐™ฉ๐™š๐™ฃ๐™—๐™–๐™œ๐™œ๐™š๐™ง. It is not going to be like GameStop, gaining so much in a short period of time but if it can gain 900% in 10 years, it is a tenbagger, and I think that it is possible.


๐Ÿ  Essent Group is one of the ๐™‹๐™ง๐™ž๐™ซ๐™–๐™ฉ๐™š ๐™ˆ๐™ค๐™ง๐™ฉ๐™œ๐™–๐™œ๐™š ๐™„๐™ฃ๐™จ๐™ช๐™ง๐™–๐™ฃ๐™˜๐™š (PMI) businesses and its 2020 market share of net insurance written was the second largest in the industry. We have record low mortgage rates, the work from home trend, asset price inflation and all of this is causing higher demand for housing and consequently for mortgages.


๐Ÿ’ธ New Insurance Written, Insurance In Force, Net income, the investment portfolio and book value have ๐™–๐™ก๐™ก ๐™—๐™š๐™š๐™ฃ ๐™œ๐™ง๐™ค๐™ฌ๐™ž๐™ฃ๐™œ ๐™—๐™ฎ ๐™ค๐™ซ๐™š๐™ง ๐Ÿฎ๐Ÿฑ% ๐™–๐™ฃ๐™ฃ๐™ช๐™–๐™ก๐™ก๐™ฎ in the last 5 years.


๐Ÿ’ฐ Even in a ๐™˜๐™ค๐™ฃ๐™จ๐™š๐™ง๐™ซ๐™–๐™ฉ๐™ž๐™ซ๐™š ๐™ซ๐™–๐™ก๐™ช๐™–๐™ฉ๐™ž๐™ค๐™ฃ ๐™–๐™ฃ๐™–๐™ก๐™ฎ๐™จ๐™ž๐™จ where we use a 15% growth for the book value, the expected annual returns is over 25%, meaning it is a potential tenbagger. We didn't take into consideration the fact that Essent Group can increase their dividends or buyback shares.


Watch the full video on YouTube:

https://www.youtube.com/watch?v=h_wN1AT-jto&list=UUPO3uUyoXSaFWG-Ldq1mqEQ&index=1


Full analysis of Essent Group:

https://ishfaaqpeerally.teachable.com/courses/662813/lectures/30604916



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