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NODK

NI Holdings NasdaqCM:NODK Stock Report

Last Price

US$17.17

Market Cap

US$364.6m

7D

7.3%

1Y

-14.6%

Updated

24 Jun, 2022

Data

Company Financials
NODK fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends0/6

NODK Stock Overview

NI Holdings, Inc. underwrites property and casualty insurance products in the United States.

NI Holdings Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for NI Holdings
Historical stock prices
Current Share PriceUS$17.17
52 Week HighUS$21.11
52 Week LowUS$15.07
Beta0.37
1 Month Change3.50%
3 Month Change-0.52%
1 Year Change-14.62%
3 Year Change-2.50%
5 Year Change-3.97%
Change since IPO16.41%

Recent News & Updates

Shareholder Returns

NODKUS InsuranceUS Market
7D7.3%5.5%6.6%
1Y-14.6%1.4%-18.5%

Return vs Industry: NODK underperformed the US Insurance industry which returned -1% over the past year.

Return vs Market: NODK exceeded the US Market which returned -20.5% over the past year.

Price Volatility

Is NODK's price volatile compared to industry and market?
NODK volatility
NODK Average Weekly Movement4.6%
Insurance Industry Average Movement4.9%
Market Average Movement8.0%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.1%

Stable Share Price: NODK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: NODK's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1946206Jim Alexanderhttps://www.niholdingsinc.com

NI Holdings, Inc. underwrites property and casualty insurance products in the United States. The company’s products include private passenger auto, non-standard automobile, homeowners, farm owners, crop hail and multi-peril crop, and liability insurance policies. The company was founded in 1946 and is headquartered in Fargo, North Dakota.

NI Holdings Fundamentals Summary

How do NI Holdings's earnings and revenue compare to its market cap?
NODK fundamental statistics
Market CapUS$364.61m
Earnings (TTM)US$656.00k
Revenue (TTM)US$319.32m

555.8x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NODK income statement (TTM)
RevenueUS$319.32m
Cost of RevenueUS$318.07m
Gross ProfitUS$1.24m
Other ExpensesUS$585.00k
EarningsUS$656.00k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.031
Gross Margin0.39%
Net Profit Margin0.21%
Debt/Equity Ratio0.0%

How did NODK perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is NODK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NODK?

Other financial metrics that can be useful for relative valuation.

NODK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA130.8x
PEG Ration/a

Price to Book Ratio vs Peers

How does NODK's PB Ratio compare to its peers?

NODK PB Ratio vs Peers
The above table shows the PB ratio for NODK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average0.8x

Price-To-Book vs Peers: NODK is expensive based on its Price-To-Book Ratio (1.1x) compared to the peer average (0.8x).


Price to Earnings Ratio vs Industry

How does NODK's PE Ratio compare vs other companies in the U.S. Insurance Industry?

Price-To-Book vs Industry: NODK is expensive based on its Price-To-Book Ratio (1.1x) compared to the US Insurance industry average (1x)


Price to Book Ratio vs Fair Ratio

What is NODK's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NODK PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.1x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate NODK's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of NODK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NODK ($17.17) is trading below our estimate of fair value ($27.65)

Significantly Below Fair Value: NODK is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.8%

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 NI 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.


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  • Examine NI 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.

Past Performance

How has NI Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


12.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NODK has high quality earnings.

Growing Profit Margin: NODK's current net profit margins (0.2%) are lower than last year (16.2%).


Past Earnings Growth Analysis

Earnings Trend: NODK's earnings have grown by 12.4% per year over the past 5 years.

Accelerating Growth: NODK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NODK had negative earnings growth (-98.8%) over the past year, making it difficult to compare to the Insurance industry average (-2.6%).


Return on Equity

High ROE: NODK's Return on Equity (0.2%) is considered low.


Discover strong past performing companies

Financial Health

How is NI Holdings's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NODK's short term assets ($131.2M) do not cover its short term liabilities ($278.3M).

Long Term Liabilities: NODK's short term assets ($131.2M) exceed its long term liabilities ($13.5M).


Debt to Equity History and Analysis

Debt Level: NODK is debt free.

Reducing Debt: NODK had no debt 5 years ago.

Debt Coverage: NODK has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NODK has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate NODK'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 NODK's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as NODK has not reported any payouts.


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Management

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

3.2yrs

Average management tenure


CEO

Jim Alexander (55 yo)

5.25yrs

Tenure

US$2,270,551

Compensation

Mr. Michael James Alexander, also known as Jim, BA, MA, has been Chief Executive Officer & President at NI Holdings, Inc. since March 2017. Mr. Alexander has been Chief Executive Officer of Nodak Insurance...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD2.27M) is about average for companies of similar size in the US market ($USD2.71M).

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


Leadership Team

Experienced Management: NODK's management team is considered experienced (3.2 years average tenure).


Board Members

Experienced Board: NODK's board of directors are considered experienced (6.4 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.


Ownership Breakdown

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


Top Shareholders

Company Information

NI Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: NI Holdings, Inc.
  • Ticker: NODK
  • Exchange: NasdaqCM
  • Founded: 1946
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Implied Market Cap: US$364.608m
  • Shares outstanding: 21.24m
  • Website: https://www.niholdingsinc.com

Number of Employees


Location

  • NI Holdings, Inc.
  • 1101 First Avenue North
  • Fargo
  • North Dakota
  • 58102
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.