Helia Group Limited, together with its subsidiaries, engages in the loan mortgage insurance business in Australia. The company facilitates residential mortgage lending by transferring risk from lenders to lenders mortgage insurance (LMI) providers, primarily for high loan to value ratio residential mortgage loans. It offers LMI through flow and portfolio basis. The company was formerly known as Genworth Mortgage Insurance Australia Limited and changed its name to Helia Group Limited in November 2022. Helia Group Limited was founded in 1965 and is based in North Sydney, Australia.
Research context
Genworth Mortgage Insurance Australia Limited appears in PyInvesting’s Australia Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- AUD
- Sector
- Financials
- Industry
- Insurance
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5 years, 6 months ago
Genworth Mortgage Insurance Australia Limited is currently in a long term downtrend where the price is trading 8.1% below its 200 day moving average.
From a valuation standpoint, the stock is 95.1% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 2.6.
Genworth Mortgage Insurance Australia Limited's total revenue sank by 0.0% to $69M since the same quarter in the previous year.
Its net income has dropped by 154.9% to $-18M since the same quarter in the previous year.
Finally, its free cash flow grew by 56.3% to $296M since the same quarter in the previous year.
Based on the above factors, Genworth Mortgage Insurance Australia Limited gets an overall score of 2/5.