NIC Holdings Past Earnings Performance
Past criteria checks 2/6
NIC Holdings has been growing earnings at an average annual rate of 31.1%, while the Insurance industry saw earnings growing at 14.9% annually. Revenues have been growing at an average rate of 24.3% per year. NIC Holdings's return on equity is 9.4%, and it has net margins of 17%.
Key information
31.1%
Earnings growth rate
30.9%
EPS growth rate
| Insurance Industry Growth | 7.6% |
| Revenue growth rate | 24.3% |
| Return on equity | 9.4% |
| Net Margin | 17.0% |
| Last Earnings Update | 31 Dec 2022 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How NIC Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 22 | 24,855 | 4,222 | 14,349 | 0 |
| 31 Dec 21 | 19,996 | 3,221 | 11,625 | 0 |
| 31 Dec 20 | 16,828 | 1,909 | 12,777 | 0 |
| 31 Dec 19 | 14,661 | -2,696 | 14,853 | 0 |
| 31 Dec 18 | 14,034 | -1,911 | 13,669 | 0 |
| 30 Sep 18 | 14,075 | 152 | 11,235 | 0 |
| 30 Jun 18 | 12,785 | 802 | 8,824 | 0 |
| 31 Mar 18 | 12,747 | 1,399 | 8,370 | 0 |
| 31 Dec 17 | 12,815 | 3,408 | 11,044 | 0 |
| 30 Sep 17 | 12,799 | 1,230 | 7,091 | 0 |
| 30 Jun 17 | 12,890 | 464 | 6,267 | 0 |
| 31 Mar 17 | 12,080 | 701 | 6,139 | 0 |
| 31 Dec 16 | 11,269 | 937 | 6,011 | 0 |
| 31 Dec 15 | 7,561 | 1,921 | 7,010 | 0 |
| 31 Dec 14 | 9,551 | 1,798 | 5,315 | 0 |
| 31 Dec 13 | 10,626 | 2,019 | 6,890 | 0 |
Quality Earnings: NIC has a large one-off gain of UGX2.1B impacting its last 12 months of financial results to 31st December, 2022.
Growing Profit Margin: NIC's current net profit margins (17%) are higher than last year (16.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if NIC's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare NIC's past year earnings growth to its 5-year average.
Earnings vs Industry: NIC earnings growth over the past year (31.1%) exceeded the Insurance industry 20.5%.
Return on Equity
High ROE: NIC's Return on Equity (9.4%) is considered low.