NasdaqCM:ICCH

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Proven track record with imperfect balance sheet.


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

9.1%

ICCH

5.7%

US Insurance

2.9%

US Market


1 Year Return

-18.4%

ICCH

-14.3%

US Insurance

8.9%

US Market

Return vs Industry: ICCH underperformed the US Insurance industry which returned -14.3% over the past year.

Return vs Market: ICCH underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

ICCHIndustryMarket
7 Day9.1%5.7%2.9%
30 Day18.8%16.5%10.6%
90 Day-17.0%-8.0%5.1%
1 Year-18.4%-18.4%-12.1%-14.3%11.4%8.9%
3 Year-35.8%-35.8%5.4%-3.1%34.3%25.4%
5 Yearn/a34.8%18.0%60.7%42.7%

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?

17.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ICCH's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ICCH's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ICCH is poor value based on its PE Ratio (17.1x) compared to the Insurance industry average (14.4x).

PE vs Market: ICCH is poor value based on its PE Ratio (17.1x) compared to the US market (16.4x).


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 (0.6x) compared to the US Insurance industry average (1x).


Next Steps

Future Growth

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

20.1%

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?

-10.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ICCH has high quality earnings.

Growing Profit Margin: ICCH's current net profit margins (3.7%) are higher than last year (1%).


Past Earnings Growth Analysis

Earnings Trend: ICCH's earnings have declined by -10.5% per year over the past 5 years.

Accelerating Growth: ICCH's earnings growth over the past year (295.9%) exceeds its 5-year average (-10.5% per year).

Earnings vs Industry: ICCH earnings growth over the past year (295.9%) exceeded the Insurance industry -0.4%.


Return on Equity

High ROE: ICCH's Return on Equity (3.2%) is considered low.


Next Steps

Financial Health

How is ICC Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: ICCH's short term assets ($45.4M) do not cover its short term liabilities ($53.2M).

Long Term Liabilities: ICCH's short term assets ($45.4M) do not cover its long term liabilities ($48.6M).


Debt to Equity History and Analysis

Debt Level: ICCH's debt to equity ratio (15.1%) is considered satisfactory.

Reducing Debt: ICCH's debt to equity ratio has increased from 9.9% to 15.1% over the past 5 years.

Debt Coverage: ICCH's debt is not well covered by operating cash flow (16.5%).

Interest Coverage: ICCH's interest payments on its debt are well covered by EBIT (17.8x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

How experienced are the management team and are they aligned to shareholders interests?

4.4yrs

Average management tenure


CEO

Arron Sutherland (51yo)

4.42yrs

Tenure

US$588,995

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 ($USD589.00K) is about average for companies of similar size in the US market ($USD577.87K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Arron Sutherland
President4.42yrsUS$589.00k1.93% $673.4k
Michael Smith
VP & Chief Financial Officer4.08yrsUS$206.77k1.3% $453.7k
Norman Schmeichel
VP & Chief Information Officer9.42yrsUS$222.04k0.34% $119.5k
Julia Suiter
Chief Legal Officer4.08yrsUS$175.46k0.18% $61.5k
Kathleen Springer
Chief Human Resources Officer9.42yrsno data0.18% $63.9k

4.4yrs

Average Tenure

51yo

Average Age

Experienced Management: ICCH's management team is considered experienced (4.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Arron Sutherland
President4.42yrsUS$589.00k1.93% $673.4k
Richard Clinton
Independent Director3.42yrsUS$30.00k14.94% $5.2m
Christine Schmitt
Independent Director5.42yrsUS$33.00k0.50% $172.8k
James Dingman
Independent Director11.42yrsUS$30.00k0.33% $115.2k
Gerald Pepping
Independent Chairman of the Board4.42yrsUS$35.50k0.33% $115.2k
Scott Burgess
Independent Director6.42yrsUS$28.00kno data
Joel Heriford
Independent Director16.42yrsUS$30.00kno data
John Klockau
Independent Director16.42yrsUS$41.33k3.5% $1.2m
Daniel Portes
Independent Director10.42yrsUS$28.00k0.17% $57.6k
Mark Schwab
Independent Director12.42yrsUS$28.00k0.66% $230.4k

10.9yrs

Average Tenure

64yo

Average Age

Experienced Board: ICCH's board of directors are seasoned and experienced ( 10.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

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$34.886m
  • Shares outstanding: 3.03m
  • 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 liability, workers’ compensation, and umbrella liability insurance products. It markets products through a network of 176 independent agents in Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio, Pennsylvania, and Wisconsin. ICC Holdings, Inc. was founded in 1950 and is headquartered in Rock Island, Illinois. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 07:24
End of Day Share Price2020/06/03 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.