` Comparison: PVBC vs ESNT - Alpha Spread

PVBC
vs
ESNT

Over the past 12 months, PVBC has outperformed ESNT, delivering a return of +15% compared to the ESNT's +7% growth.

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PVBC
ESNT
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Valuation Comparison

PVBC Intrinsic Value
10.49 USD
Overvaluation 22%
Intrinsic Value
Price
ESNT Intrinsic Value
85.482 USD
Undervaluation 28%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Provident Bancorp Inc (Maryland)
NASDAQ:PVBC
13.5 USD
Essent Group Ltd
NYSE:ESNT
61.355 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
PVBC, ESNT

PVBC
ESNT
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Provident Bancorp Inc (Maryland)
Revenue
Essent Group Ltd
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
PVBC, ESNT

PVBC
ESNT
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Provident Bancorp Inc (Maryland)
NASDAQ:PVBC
FCF is not applicable for financial companies
Essent Group Ltd
NYSE:ESNT
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

PVBC
ESNT
LTM 3Y Avg 5Y Avg 10Y Avg
Provident Bancorp Inc (Maryland)
Not applicable for financial companies
Essent Group Ltd
Not applicable for financial companies

Operating Margin

PVBC
ESNT
LTM 3Y Avg 5Y Avg 10Y Avg
Provident Bancorp Inc (Maryland)
Not applicable for financial companies
Essent Group Ltd
Not applicable for financial companies

Net Margin

PVBC
21%
ESNT
54.7%

FCF Margin

PVBC
ESNT
LTM 3Y Avg 5Y Avg 10Y Avg
Provident Bancorp Inc (Maryland)
Not applicable for financial companies
Essent Group Ltd
Not applicable for financial companies

ROE

PVBC
5.4%
ESNT
12.1%

ROA

PVBC
0.8%
ESNT
9.5%

ROIC

PVBC
ESNT
LTM 3Y Avg 5Y Avg 10Y Avg
Provident Bancorp Inc (Maryland)
Not applicable for financial companies
Essent Group Ltd
Not applicable for financial companies

ROCE

PVBC
ESNT
LTM 3Y Avg 5Y Avg 10Y Avg
Provident Bancorp Inc (Maryland)
Not applicable for financial companies
Essent Group Ltd
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
PVBC, ESNT

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Performance Gap
PVBC, ESNT

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PVBC
ESNT
Difference
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Performance By Year
PVBC, ESNT

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PVBC
ESNT
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett