ESNTEssent Group Ltd.
Surety Insurance
- Revenue
- $1.3B
- 1.5% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $6.0B
- Employees
- 514
- $2M revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 0.2
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo124% of net incomeCash flow under 80% of net income
- Dilutive SBCNo2% of revenueOver 10% of revenue
- Payouts exceed cash flowNo83% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentNo83% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$2M · 71st pctBottom quartile of its SIC industry
- Quiet on AIYes0.2 per 10K words · 13th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$6.0B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$17M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.0B | $1.0B | $1.1B | $1.2B | $1.3B | 1.5% |
| Net income | $682M | $831M | $696M | $729M | $690M | 5.4% |
| Operating cash flow | $709M | $589M | $763M | $862M | $856M | 0.6% |
| Capex | $2M | $4M | $4M | $7M | $7M | 8.8% |
| Stock-based comp | $21M | $18M | $18M | $25M | $21M | 16% |
| Buybacks | $164M | $98M | $71M | $112M | $588M | 427% |
| Dividends | $78M | $92M | $106M | $118M | $122M | 3.4% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $17M · 23
- Net
- −$17M
Pay vs performance
No pay-versus-performance disclosure yet.