NasdaqCM:ICCH

Stock Analysis Report

Executive Summary

ICC Holdings, Inc., through its subsidiary, provides property and casualty insurance products to the food and beverage industry in the United States.

Rewards

Earnings grew by 92.7% over the past year

Risk Analysis

Earnings have declined by -25.27% per year over past 5 years

Does not have a meaningful market cap ($41M)



Snowflake Analysis

Proven track record and overvalued.


Similar Companies

Share Price & News

How has ICC Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ICCH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.7%

ICCH

-0.9%

US Insurance

-0.3%

US Market


1 Year Return

1.1%

ICCH

20.2%

US Insurance

18.6%

US Market

Return vs Industry: ICCH underperformed the US Insurance industry which returned 20.2% over the past year.

Return vs Market: ICCH underperformed the US Market which returned 18.6% over the past year.


Shareholder returns

ICCHIndustryMarket
7 Day0.7%-0.9%-0.3%
30 Day1.0%0.8%2.2%
90 Day-0.1%0.8%5.6%
1 Year1.1%1.1%23.1%20.2%21.1%18.6%
3 Yearn/a32.2%22.1%45.6%36.2%
5 Yearn/a67.6%47.6%71.1%52.2%

Price Volatility Vs. Market

How volatile is ICC Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ICC Holdings undervalued compared to its fair value and its price relative to the market?

30.3x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ICCH ($13.65) is trading above our estimate of fair value ($0.55)

Significantly Below Fair Value: ICCH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ICCH is poor value based on its PE Ratio (30.3x) compared to the Insurance industry average (16.7x).

PE vs Market: ICCH is poor value based on its PE Ratio (30.3x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ICCH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ICCH is good value based on its PB Ratio (0.7x) compared to the US Insurance industry average (1.2x).


Next Steps

Future Growth

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

5.7%

Forecasted Insurance industry annual growth in earnings


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 ICC 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has ICC Holdings performed over the past 5 years?

-25.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ICCH has high quality earnings.

Growing Profit Margin: ICCH's current net profit margins (2.4%) are higher than last year (1.4%).


Past Earnings Growth Analysis

Earnings Trend: ICCH's earnings have declined by -25.3% per year over the past 5 years.

Accelerating Growth: ICCH's earnings growth over the past year (92.7%) exceeds its 5-year average (-25.3% per year).

Earnings vs Industry: ICCH earnings growth over the past year (92.7%) exceeded the Insurance industry -10.4%.


Return on Equity

High ROE: ICCH's Return on Equity (2.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is ICC Holdings's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: ICCH has a low level of unsold assets or inventory.

Debt Coverage by Assets: ICCH's debt is covered by short term assets (assets are 11.4x debt).


Financial Institutions Analysis

Asset Level: ICCH's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if ICCH has a sufficient allowance for bad loans.

Low Risk Liabilities: ICCH reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if ICCH has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ICCH has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if ICCH has an appropriate level of bad loans.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate ICCH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate ICCH's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ICCH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ICCH's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ICCH's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

3.9yrs

Average management tenure


CEO

Arron Sutherland (51yo)

3.9yrs

Tenure

US$530,452

Compensation

Mr. Arron Keath Sutherland has been President and Chief Executive Officer of Illinois Casualty Company since 2010 and has been its Director since 2007. Mr. Sutherland serves as President at ICC Holdings, I ...


CEO Compensation Analysis

Compensation vs Market: Arron's total compensation ($USD530.45K) is about average for companies of similar size in the US market ($USD508.62K).

Compensation vs Earnings: Arron's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.9yrs

Average Tenure

51yo

Average Age

Experienced Management: ICCH's management team is considered experienced (3.9 years average tenure).


Board Age and Tenure

10.4yrs

Average Tenure

64yo

Average Age

Experienced Board: ICCH's board of directors are seasoned and experienced ( 10.4 years average tenure).


Insider Trading

Insider Buying: ICCH insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$12,51902 Dec 19
Arron Sutherland
EntityIndividual
Role
Chief Executive Officer
President
Shares900
Max PriceUS$13.91
BuyUS$139,59412 Sep 19
Michael Smith
EntityIndividual
Role
Chief Financial Officer
VP & Chief Financial Officer
Shares9,971
Max PriceUS$14.00
SellUS$27,50029 Aug 19
John Klockau
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceUS$13.75
BuyUS$7,59007 Mar 19
Michael Smith
EntityIndividual
Role
Chief Financial Officer
VP & Chief Financial Officer
Shares553
Max PriceUS$13.73
SellUS$4,31005 Mar 19
Norman Schmeichel
EntityIndividual
Role
Chief Information Officer
VP & Chief Information Officer
Shares322
Max PriceUS$13.38
BuyUS$13,85028 Feb 19
Arron Sutherland
EntityIndividual
Role
Chief Executive Officer
President
Shares1,000
Max PriceUS$13.85
BuyUS$12,36813 Dec 18
Arron Sutherland
EntityIndividual
Role
Chief Executive Officer
President
Shares887.5
Max PriceUS$13.95
SellUS$94,50013 Dec 18
John Klockau
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares7,000
Max PriceUS$13.50

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Arron Sutherland (51yo)

    President

    • Tenure: 3.9yrs
    • Compensation: US$530.45k
  • Mike Smith (52yo)

    VP & Chief Financial Officer

    • Tenure: 3.6yrs
    • Compensation: US$195.09k
  • Norman Schmeichel (50yo)

    VP & Chief Information Officer

    • Tenure: 8.9yrs
    • Compensation: US$212.18k
  • Julia Suiter (52yo)

    Chief Legal Officer

    • Tenure: 3.6yrs
    • Compensation: US$175.46k
  • Kathleen Springer (51yo)

    Chief Human Resources Officer

    • Tenure: 8.9yrs

Board Members

  • Richard Clinton (64yo)

    Independent Director

    • Tenure: 2.9yrs
    • Compensation: US$30.00k
  • Chris Schmitt (62yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: US$33.00k
  • Jim Dingman (64yo)

    Independent Director

    • Tenure: 10.9yrs
    • Compensation: US$30.00k
  • Gerald Pepping (61yo)

    Chairman of the Board

    • Tenure: 3.9yrs
    • Compensation: US$35.50k
  • Scott Burgess (71yo)

    Independent Director

    • Tenure: 5.9yrs
    • Compensation: US$28.00k
  • Joel Heriford (62yo)

    Independent Director

    • Tenure: 15.9yrs
    • Compensation: US$30.00k
  • John Klockau (67yo)

    Independent Director

    • Tenure: 15.9yrs
    • Compensation: US$43.68k
  • Daniel Portes (65yo)

    Independent Director

    • Tenure: 9.9yrs
    • Compensation: US$28.00k
  • Mark Schwab (69yo)

    Independent Director

    • Tenure: 11.9yrs
    • Compensation: US$28.00k
  • Arron Sutherland (51yo)

    President

    • Tenure: 3.9yrs
    • Compensation: US$530.45k

Company Information

ICC Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ICC Holdings, Inc.
  • Ticker: ICCH
  • Exchange: NasdaqCM
  • Founded: 1950
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: US$41.328m
  • Shares outstanding: 3.01m
  • Website: https://ir.iccholdingsinc.com

Number of Employees


Location

  • ICC Holdings, Inc.
  • 225 20th Street
  • Rock Island
  • Illinois
  • 61201
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ICCHNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMar 2017

Biography

ICC Holdings, Inc., through its subsidiary, provides property and casualty insurance products to the food and beverage industry in the United States. The company offers commercial multi-peril, liquor liabi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/07 00:48
End of Day Share Price2019/12/06 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.