Loading...

National Holdings

Nasdaq:NHLD
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NHLD
Nasdaq
$38M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

National Holdings Corporation, through its subsidiaries, provides financial services in the United States. The last earnings update was 36 days ago. More info.


Add to Portfolio Compare Print
NHLD Share Price and Events
7 Day Returns
-2.9%
NasdaqCM:NHLD
-0.2%
US Capital Markets
0.4%
US Market
1 Year Returns
-33.1%
NasdaqCM:NHLD
-12.4%
US Capital Markets
3.5%
US Market
NHLD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
National Holdings (NHLD) -2.9% -11.2% 4.2% -33.1% 21.9% -39.2%
US Capital Markets -0.2% -1.4% 11.7% -12.4% 55.2% 57.9%
US Market 0.4% 1.6% 16.4% 3.5% 39.4% 44%
1 Year Return vs Industry and Market
  • NHLD underperformed the Capital Markets industry which returned -12.4% over the past year.
  • NHLD underperformed the Market in United States of America which returned 3.5% over the past year.

NHLD Value

 Is National Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for National Holdings. This is due to cash flow or dividend data being unavailable. The share price is $3.01.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for National Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are National Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:NHLD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.20
NasdaqCM:NHLD Share Price ** NasdaqCM (2019-03-22) in USD $3.01
United States of America Capital Markets Industry PE Ratio Median Figure of 78 Publicly-Listed Capital Markets Companies 23.69x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.52x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of National Holdings.

NasdaqCM:NHLD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:NHLD Share Price ÷ EPS (both in USD)

= 3.01 ÷ -0.20

-14.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • National Holdings is loss making, we can't compare its value to the US Capital Markets industry average.
  • National Holdings is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does National Holdings's expected growth come at a high price?
Raw Data
NasdaqCM:NHLD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -14.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.14x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for National Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on National Holdings's assets?
Raw Data
NasdaqCM:NHLD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $3.88
NasdaqCM:NHLD Share Price * NasdaqCM (2019-03-22) in USD $3.01
United States of America Capital Markets Industry PB Ratio Median Figure of 150 Publicly-Listed Capital Markets Companies 4.83x
United States of America Market PB Ratio Median Figure of 5,157 Publicly-Listed Companies 1.88x
NasdaqCM:NHLD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:NHLD Share Price ÷ Book Value per Share (both in USD)

= 3.01 ÷ 3.88

0.78x

* Primary Listing of National Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • National Holdings is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess National Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. National Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

NHLD Future Performance

 How is National Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as National Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.5%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is National Holdings expected to grow at an attractive rate?
  • Unable to compare National Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare National Holdings's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare National Holdings's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:NHLD Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.5%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:NHLD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:NHLD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 219 7 -3
2018-09-30 211 5 -12
2018-06-30 212 2 -6
2018-03-31 204 4 -7
2017-12-31 195 4 -1
2017-09-30 190 3 13
2017-06-30 191 7 4
2017-03-31 189 2 3
2016-12-31 179 0 0
2016-09-30 174 -2 -6
2016-06-30 165 -1 -1
2016-03-31 161 -1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if National Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if National Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:NHLD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from National Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:NHLD Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.20
2018-09-30 -0.92
2018-06-30 -0.47
2018-03-31 -0.54
2017-12-31 -0.05
2017-09-30 1.01
2017-06-30 0.29
2017-03-31 0.28
2016-12-31 0.00
2016-09-30 -0.45
2016-06-30 -0.06
2016-03-31 -0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if National Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine National Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. National Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. National Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess National Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
National Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

NHLD Past Performance

  How has National Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare National Holdings's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • National Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare National Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare National Holdings's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
National Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from National Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:NHLD Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 219.04 -2.51 14.18
2018-09-30 211.02 -11.51 13.54
2018-06-30 212.00 -5.86 10.89
2018-03-31 203.83 -6.70 13.01
2017-12-31 195.37 -0.57 13.41
2017-09-30 189.86 12.53 12.74
2017-06-30 190.53 3.59 13.07
2017-03-31 188.82 3.46 12.34
2016-12-31 178.97 -0.05 11.46
2016-09-30 174.03 -5.56 11.26
2016-06-30 164.58 -0.74 14.85
2016-03-31 160.58 -0.43 13.81
2015-12-31 161.46 -0.46 14.01
2015-09-30 163.03 0.29 11.71
2015-06-30 170.19 13.20 13.27
2015-03-31 174.48 14.76 13.03
2014-12-31 184.29 17.98 13.53
2014-09-30 184.26 18.64 12.93
2014-06-30 176.03 6.54 12.47
2014-03-31 162.06 5.63 10.22
2013-12-31 142.22 2.57 7.23
2013-09-30 127.34 1.57 6.16
2013-06-30 120.62 1.43 5.91
2013-03-31 118.84 1.29 6.27
2012-12-31 118.89 -0.97 7.91
2012-09-30 117.73 -2.03 6.90
2012-06-30 114.50 -4.64 10.99
2012-03-31 115.39 -5.73 9.62

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if National Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if National Holdings has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if National Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess National Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
National Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

NHLD Health

 How is National Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up National Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • National Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • National Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of National Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • National Holdings has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from National Holdings Company Filings, last reported 2 months ago.

NasdaqCM:NHLD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 48.98 0.00 38.02
2018-09-30 46.94 0.00 35.71
2018-06-30 47.73 0.00 37.26
2018-03-31 45.98 0.00 34.69
2017-12-31 31.12 0.00 32.43
2017-09-30 38.90 0.00 30.61
2017-06-30 34.99 0.00 29.80
2017-03-31 34.89 0.00 27.75
2016-12-31 30.83 0.00 23.38
2016-09-30 25.77 0.00 24.05
2016-06-30 45.06 0.00 23.73
2016-03-31 45.19 0.00 23.26
2015-12-31 44.76 0.00 22.97
2015-09-30 45.26 0.00 25.53
2015-06-30 45.79 0.00 25.89
2015-03-31 45.42 0.00 24.84
2014-12-31 44.99 0.00 23.22
2014-09-30 44.53 0.00 25.53
2014-06-30 30.59 0.08 24.79
2014-03-31 28.87 0.00 22.10
2013-12-31 25.47 0.00 16.10
2013-09-30 15.80 0.00 20.45
2013-06-30 11.75 0.11 15.61
2013-03-31 10.97 0.14 15.99
2012-12-31 -2.93 8.03 8.58
2012-09-30 -2.89 7.80 8.69
2012-06-30 -3.12 7.31 7.43
2012-03-31 -3.79 6.43 9.89
  • National Holdings has no debt.
  • National Holdings had no debt 5 years ago.
  • National Holdings has no debt, it does not need to be covered by operating cash flow.
  • National Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess National Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. National Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

NHLD Dividends

 What is National Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from National Holdings dividends.
If you bought $2,000 of National Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate National Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate National Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:NHLD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2006 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as National Holdings has not reported any payouts.
  • Unable to verify if National Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of National Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as National Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess National Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can National Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. National Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

NHLD Management

 What is the CEO of National Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael Mullen
COMPENSATION $1,668,662
AGE 51
TENURE AS CEO 2.2 years
CEO Bio

Mr. Michael Anthony Mullen serves as Chief Executive Officer of National Holdings Corporation and served as its President until July 20, 2018. He serves as Chief Executive Officer of National Securities Corporation. He serves as an Executive Chairman of National Asset Management Inc. He has been Chairman of the Board of National Holdings Corporation since June 2018. He serves as the Chairman of the Board of National Securities Corporation, National Insurance Corporation and Gilman Ciocia Tax & Financial Planning. He began his career in 1986 and has since developed a broad and deep understanding of the financial services industry, with a focus on investing in biotechnology companies. He brings this expertise to his leadership of the National Family of Companies. Mr. Kowalczyk has held senior management roles with several Independent Broker-Dealers and Registered Investment Advisor firms. He holds his Series 4, 7, 24, 63, 65, 99 and Life and Health Insurance and Variable Annuity Licenses.

CEO Compensation
  • Michael's compensation has been consistent with company performance over the past year.
  • Michael's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the National Holdings management team in years:

2.1
Average Tenure
51.5
Average Age
  • The tenure for the National Holdings management team is about average.
Management Team

Michael Mullen

TITLE
CEO & Chairman
COMPENSATION
$2M
AGE
51
TENURE
2.2 yrs

Daniel Hume

TITLE
Independent Director
COMPENSATION
$336K
AGE
51

Michael Singer

TITLE
Executive Vice Chairman & Chief Strategy officer
COMPENSATION
$336K
AGE
52
TENURE
0.8 yrs

Glenn Worman

TITLE
President & CFO
COMPENSATION
$1M
AGE
59
TENURE
0.7 yrs

John DeSena

TITLE
Chief Operating Officer
COMPENSATION
$780K
TENURE
0.7 yrs

Jenna Bosco

TITLE
Investor Relations
TENURE
3.2 yrs

Fred Knopf

TITLE
Chief Risk & Legal Officer
TENURE
2 yrs

Chelsea Nantz

TITLE
Senior Vice President of Corporate Communications

Jonathan Rich

TITLE
Head of Investment Banking & Executive VP of National Securities
COMPENSATION
$325K
AGE
49
TENURE
13.7 yrs

Sagiv Shiv

TITLE
Senior Managing Director of Advisory Services Group
AGE
61
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure and age of the National Holdings board of directors in years:

0.8
Average Tenure
52
Average Age
  • The average tenure for the National Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Michael Mullen

TITLE
CEO & Chairman
COMPENSATION
$2M
AGE
51
TENURE
0.8 yrs

Daniel Hume

TITLE
Independent Director
COMPENSATION
$336K
AGE
51
TENURE
2.5 yrs

Robert Fagenson

TITLE
Vice Chairman
COMPENSATION
$346K
AGE
70
TENURE
2.5 yrs

Michael Singer

TITLE
Executive Vice Chairman & Chief Strategy officer
COMPENSATION
$336K
AGE
52
TENURE
0.8 yrs

Nassos Michas

TITLE
Lead Director
COMPENSATION
$13K
AGE
73
TENURE
0.8 yrs

Jeff Gary

TITLE
Independent Director
AGE
55
TENURE
0.1 yrs

Barbara Creagh

TITLE
Independent Director
AGE
51
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by National Holdings insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Feb 19 Buy Intracoastal Capital LLC Company 01. Feb 19 01. Feb 19 1,000 $3.23 $3,230
14. Feb 19 Buy Equitec Group, LLC, Asset Management Arm Company 12. Feb 19 12. Feb 19 350,000 $3.25 $1,137,500
06. Feb 19 Buy Daniel Asher Individual 30. Jan 19 04. Feb 19 2,180 $3.20 $6,880
30. Jan 19 Buy Daniel Asher Individual 29. Jan 19 29. Jan 19 200 $3.11 $622
29. Jan 19 Buy Daniel Asher Individual 28. Jan 19 28. Jan 19 1,412 $3.11 $4,387
25. Jan 19 Buy Daniel Asher Individual 24. Jan 19 24. Jan 19 1,800 $3.10 $5,574
22. Jan 19 Buy Daniel Asher Individual 18. Jan 19 18. Jan 19 3,421 $3.25 $11,118
17. Jan 19 Sell Daniel Asher Individual 15. Jan 19 15. Jan 19 -200 $3.27 $-654
17. Jan 19 Buy Daniel Asher Individual 14. Jan 19 16. Jan 19 15,039 $3.25 $48,621
26. Nov 18 Buy B. Riley Capital Management, LLC Company 16. Nov 18 16. Nov 18 3,010,054 $3.25 $9,782,676
26. Nov 18 Sell Fortress Biotech, Inc. Company 16. Nov 18 16. Nov 18 -3,010,054 $3.25 $-9,782,676
X
Management checks
We assess National Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. National Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

NHLD News

Simply Wall St News

Should You Be Holding National Holdings Corporation (NASDAQ:NHLD) Right Now?

Based on this beta value, NHLD appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive. … I test NHLD’s ratio of fixed assets to total assets in order to determine how high the risk is associated with this type of constraint.

Simply Wall St -

How National Holdings Corporation (NASDAQ:NHLD) Delivered A Better ROE Than Its Industry

View our latest analysis for National Holdings Breaking down Return on Equity Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Since National Holdings’s return covers its cost in excess of 26.95%, its use of equity capital is efficient and likely to be sustainable. … Currently, National Holdings has no debt which means its returns are driven purely by equity capital.

Simply Wall St -

Should You Invest In The Financial Stock National Holdings Corporation (NHLD)?

NasdaqCM:NHLD Growth In Earnings Nov 4th 17 The threat of disintermediation in the capital markets industry is both real and imminent, taking profits away from traditional incumbent financial institutions. … Given the lack of analyst consensus in NHLD’s outlook, we could potentially assume the stock’s growth rate broadly follows its capital markets industry peers. … NasdaqCM:NHLD PE PEG Gauge Nov 4th 17 Capital markets companies are typically trading at a PE of 19x, in-line with the US stock market PE of 22x.

Simply Wall St -

Should You Be Tempted To Buy National Holdings Corporation (NHLD) At Its Current Price?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for NHLD Price per share = 2.47 Earnings per share = 0.289 ∴ Price-Earnings Ratio = 2.47 ÷ 0.289 = 8.6x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you inadvertently compared lower risk firms with NHLD, then investors would naturally value NHLD at a lower price since it is a riskier investment. … Similarly, if you accidentally compared higher growth firms with NHLD, investors would also value NHLD at a lower price since it is a lower growth investment.

Simply Wall St -

NHLD Company Info

Description

National Holdings Corporation, through its subsidiaries, provides financial services in the United States. It operates through two segments, Brokerage and Advisory Services, and Tax Preparation and Accounting Services. The company offers retail brokerage services include execution of purchases and sale of stocks, options, bonds, mutual funds, annuities, and various other securities; and investment advisory services for individual, corporate, and institutional clients. It also provides investment banking services, such as underwriting the sale of securities to the public in initial and follow-on offering, and arranging for the private placement of securities with investors; and financial and corporate advisory services comprising mergers and acquisitions, project financing, capital structure, and specific financing opportunities to micro, small, and mid-cap high growth companies. In addition, the company trades in securities, including making markets in micro and small-cap, Nasdaq, and other exchange listed stocks. Further, it provides asset management advisory services to retail clients; fixed insurance products, including life insurance, disability insurance, long-term care insurance, and fixed annuities; and tax preparation services to individuals, primarily in the middle and upper income tax brackets, as well as accounting services to small and midsize companies. Additionally, the company offers licensed mortgage brokerage services; and investment products and services, which comprise stocks, bonds, mutual funds, annuities, insurance, and managed money accounts. The company was formerly known as Olympic Cascade Financial Corporation and changed its name to National Holdings Corporation in March 2006. The company was founded in 1947 and is headquartered in New York, New York.

Details
Name: National Holdings Corporation
NHLD
Exchange: NasdaqCM
Founded: 1947
$37,957,740
12,610,545
Website: http://www.nhld.com
Address: National Holdings Corporation
200 Vesey Street,
25th Floor,
New York,
New York, 10281,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM NHLD Common Stock Nasdaq Capital Market US USD 23. Jun 1987
Number of employees
Current staff
Staff numbers
990
National Holdings employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/22 23:55
End of day share price update: 2019/03/22 00:00
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.