NI Holdings
NI Holdings, Inc. underwrites property and casualty insurance products in North Dakota, South Dakota, Nebraska, Minnesota, Nevada, Arizona, and Illinois. The last earnings update was 18 days ago. More info.
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NODK Share Price and Events
7 Day Returns
1 Year Returns
NODK Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| NI Holdings (NODK) | -2.3% | 6.1% | 14.2% | 4.4% | - | - |
| US Insurance | 0.5% | 3.2% | 6.2% | 8.4% | 30.9% | 46.2% |
| US Market | -1.4% | -3.9% | 0.2% | 1.6% | 33.2% | 38.2% |
1 Year Return vs Industry and Market
- NODK underperformed the Insurance industry which returned 8.4% over the past year.
- NODK outperformed the Market in United States of America which returned 1.6% over the past year.
NODK Value
Is NI 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
Here we compare the current
share
price of
NI Holdings
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for NI Holdings.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = $11.43 * 6.8% |
$0.78 |
| Book Value of Equity per Share | Median Book Value from the past 5 years. | $11.43 |
| Discount Rate (Cost of Equity) | See below | 7.6% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Insurance Unlevered Beta | Simply Wall St/ S&P Global | 0.74 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 21%) (0%)) |
0.823 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.82 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.823 * 5.96%) |
7.63% |
Discounted Cash Flow Calculation for NasdaqCM:NODK using Excess Returns Model Model
The calculations below outline how an intrinsic value for NI Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (6.8% – 7.63%) * $11.43) |
$-0.09 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-0.09 / (7.63% - 2.73%) |
$-1.86 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $11.43 + $-1.86 |
$9.57 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $9.57 |
| Current discount | Discount to share price of
$17.17
= -1 x ($17.17 - $9.57) / $9.57 |
-79.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of NI Holdings is above its future cash flow value.
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 NI Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
NI Holdings's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $1.73 |
| NasdaqCM:NODK Share Price ** | NasdaqCM (2019-05-24) in USD | $17.17 |
| United States of America Insurance Industry PE Ratio | Median Figure of 90 Publicly-Listed Insurance Companies | 17.28x |
| United States of America Market PE Ratio | Median Figure of 3,084 Publicly-Listed Companies | 17.44x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of NI Holdings.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqCM:NODK Share Price ÷ EPS (both in USD) = 17.17 ÷ 1.73 |
9.9x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- NI Holdings is good value based on earnings compared to the US Insurance industry average.
- NI Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
NI Holdings's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 9.9x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
0.6%per year |
| United States of America Insurance Industry PEG Ratio | Median Figure of 66 Publicly-Listed Insurance Companies | 1.58x |
| United States of America Market PEG Ratio | Median Figure of 2,121 Publicly-Listed Companies | 1.51x |
*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 NI Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
NI Holdings's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $13.06 |
| NasdaqCM:NODK Share Price * | NasdaqCM (2019-05-24) in USD | $17.17 |
| United States of America Insurance Industry PB Ratio | Median Figure of 120 Publicly-Listed Insurance Companies | 1.22x |
| United States of America Market PB Ratio | Median Figure of 5,207 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqCM:NODK Share Price ÷ Book Value per Share (both in USD) = 17.17 ÷ 13.06 |
1.31x |
* Primary Listing of NI Holdings.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- NI Holdings is overvalued based on assets compared to the US Insurance industry average.
Value checks
We assess NI Holdings's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check) NI Holdings has a total score of 2/6, 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.
NODK Future Performance
How is NI Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
- No analysts cover NI Holdings, future earnings growth has been estimated based on fundamentals.
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!
Earnings growth vs Low Risk Savings
- NI Holdings's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
- NI Holdings's earnings growth is positive but not above the United States of America market average.
- Unable to compare NI Holdings's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqCM:NODK Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 0.6% |
| United States of America Insurance Industry Earnings Growth Rate | Market Cap Weighted Average | 9.4% |
| United States of America Insurance Industry Revenue Growth Rate | Market Cap Weighted Average | 3.3% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.7% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 230 | 21 | 39 |
| 2018-12-31 | 208 | 21 | 31 |
| 2018-09-30 | 201 | 22 | 30 |
| 2018-06-30 | 198 | 23 | 18 |
| 2018-03-31 | 193 | 17 | 17 |
| 2017-12-31 | 189 | 18 | 16 |
| 2017-09-30 | 173 | 19 | 3 |
| 2017-06-30 | 176 | 10 | 5 |
| 2017-03-31 | 167 | 8 | 3 |
| 2016-12-31 | 164 | 7 | 5 |
| 2016-09-30 | 163 | 3 | 10 |
| 2016-06-30 | 154 | 18 | 18 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from NI Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.73 |
| 2018-12-31 | 1.39 |
| 2018-09-30 | 1.35 |
| 2018-06-30 | 0.78 |
| 2018-03-31 | 0.78 |
| 2017-12-31 | 0.71 |
| 2017-09-30 | 0.14 |
| 2017-06-30 | 0.22 |
| 2017-03-31 | 0.13 |
| 2016-12-31 | |
| 2016-09-30 | |
| 2016-06-30 |
*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 NI Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess NI Holdings's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
NI 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.
NODK Past Performance
How has NI 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
Past Earnings growth analysis
- NI Holdings has delivered over 20% year on year earnings growth in the past 5 years.
- NI Holdings's 1-year earnings growth exceeds its 5-year average (122.3% vs 26.9%)
- NI Holdings's earnings growth has exceeded the US Insurance industry average in the past year (122.3% vs 6.6%).
Earnings and Revenue History
All data from NI Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 230.04 | 38.73 | ||
| 2018-12-31 | 207.79 | 31.08 | ||
| 2018-09-30 | 200.96 | 30.10 | ||
| 2018-06-30 | 198.00 | 17.52 | ||
| 2018-03-31 | 192.70 | 17.42 | ||
| 2017-12-31 | 189.14 | 15.99 | ||
| 2017-09-30 | 172.82 | 3.18 | ||
| 2017-06-30 | 175.54 | 4.92 | ||
| 2017-03-31 | 166.88 | 3.03 | ||
| 2016-12-31 | 163.75 | 4.55 | ||
| 2016-09-30 | 162.50 | 10.43 | ||
| 2016-06-30 | 154.35 | 17.79 | ||
| 2016-03-31 | 147.97 | 19.00 | ||
| 2015-12-31 | 145.72 | 17.46 | ||
| 2014-12-31 | 137.77 | 13.77 |
*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.
- NI Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- NI Holdings used its assets more efficiently than the US Insurance industry average last year based on Return on Assets.
- NI Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess NI Holdings's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
NI Holdings has a total score of 5/6, 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.
NODK Health
How is NI 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 NI Holdings's finances.
The net worth of a company is the difference between its assets and liabilities.
- NI Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- NI Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- NI 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.
All data from NI Holdings Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 293.46 | 0.00 | 70.13 |
| 2018-12-31 | 275.75 | 0.00 | 68.95 |
| 2018-09-30 | 269.39 | 0.00 | 51.66 |
| 2018-06-30 | 259.57 | 0.00 | 30.96 |
| 2018-03-31 | 258.65 | 0.00 | 25.21 |
| 2017-12-31 | 255.57 | 0.00 | 27.59 |
| 2017-09-30 | 239.91 | 0.00 | 2.98 |
| 2017-06-30 | 242.78 | 0.00 | 18.15 |
| 2017-03-31 | 248.98 | 0.00 | 106.30 |
| 2016-12-31 | 153.42 | 0.00 | 18.32 |
| 2016-09-30 | 155.07 | 8.31 | 4.64 |
| 2016-06-30 | 157.83 | 0.00 | 12.68 |
| 2016-03-31 | 158.25 | 0.00 | 15.95 |
| 2015-12-31 | 149.92 | 0.00 | 14.52 |
| 2014-12-31 | 135.69 | 0.00 | 21.73 |
- NI Holdings has no debt.
- NI Holdings currently has no debt however we can't compare to 5 years ago as we have no data for that period.
- NI Holdings has no debt, it does not need to be covered by operating cash flow.
- NI Holdings has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess NI Holdings's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) NI Holdings has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
NODK Dividends
What is NI 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
If you bought
$2,000 of
NI Holdings
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate NI Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate NI 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.
| 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 Insurance Industry Average Dividend Yield | Market Cap Weighted Average of 80 Stocks | 2.4% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2007 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 | 3.8% |
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 NI Holdings has not reported any payouts.
- Unable to verify if NI Holdings's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess NI Holdings's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can NI Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) NI 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.
NODK Management
CEO
| COMPENSATION | $2,626,324 |
| AGE | 52 |
| TENURE AS CEO | 2.2 years |
CEO Bio
Mr. Michael James Alexander, also known as Jim, has been Chief Executive Officer & President at NI Holdings, Inc. since March 2017. Mr. Alexander has been Chief Executive Officer of Nodak Insurance Company (“Nodak”) since July 2005 and serves as its President and serves as its Director. He has been President of American West Insurance Company since 2004 and serves as its Director. He has been President, Chief Executive Officer and Director of Battle Creek Mutual Insurance Company since 2011. He serves as President and Director of Primero Insurance Company. He has over 25 years of experience in the property and casualty industry and has 10 years of experience as the Chief Executive Officer of Nodak. Mr. Alexander joined Nodak as Senior Vice President of Underwriting in August 2003 until his promotion to Chief Operating Officer in November 2004. Mr. Alexander was appointed Executive Vice President and Chief Executive Officer of NI Holdings, Inc. in July 2005. Prior to joining Nodak, Mr. Alexander was Director of underwriting/customer service at MSI Insurance Companies. He has been a Director of NI Holdings, Inc. since March 2017. In addition, he was a past member of the NAMIC Board of Directors. Mr. Alexander graduated from Earlham College with a Bachelor of Arts degree in mathematics and obtained his Master of Arts degree in actuarial science from Ball State University.
CEO Compensation
- Jim's compensation has been consistent with company performance over the past year, both up more than 20%.
- Jim'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 NI Holdings management team in years:
- The tenure for the NI Holdings management team is about average.
Management Team
Jim Alexander
President
$3M
52
2.2 yrs
Brian Doom
Executive VP
$958K
65
2.2 yrs
Pat Duncan
Vice President of Operations
$697K
51
2.2 yrs
William Thompson
Vice President of Sales & Marketing
Board of Directors Tenure
Average tenure and age of the NI Holdings board of directors in years:
- The tenure for the NI Holdings board of directors is about average.
Board of Directors
Eric Aasmundstad
Chairman of the Board
$110K
59
2.2 yrs
Jim Alexander
President
$3M
52
3.3 yrs
William Devlin
Vice Chairman of the Board
$107K
70
Duaine Espegard
Director
$108K
74
16.3 yrs
Steven Marlow
Director
$109K
62
3.3 yrs
Jeffrey Missling
Director
$62K
47
3.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 21. Nov 18 | Buy | Michael Alexander | Individual | 19. Nov 18 | 19. Nov 18 | 1,255 | $15.64 | $19,629 | ||
Management checks
We assess NI Holdings's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) NI 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.
NODK News
Simply Wall St News
Could The NI Holdings, Inc. (NASDAQ:NODK) Ownership Structure Tell Us Something Useful?
Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that used to be publicly owned tend to have lower insider ownership. … With a market capitalization of US$339m, NI Holdings is a small cap stock, so it might not be well known by many institutional investors.
Simply Wall St - – Full articleHow Good Is NI Holdings Inc (NASDAQ:NODK), When It Comes To ROE?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.11. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleShould You Be Tempted To Sell NI Holdings Inc (NASDAQ:NODK) Because Of Its PE Ratio?
This analysis is intended to introduce important early concepts to people who are starting to invest. … NI Holdings Inc (NASDAQ:NODK) trades with a trailing P/E of 21.4, which is higher than the industry average of 17.9. … Though this might seem to be a negative, you might change your mind after I explain the assumptions behind the P/E ratio.
Simply Wall St - – Full articleWhere NI Holdings Inc's (NASDAQ:NODK) Earnings Growth Stands Against Its Industry
When NI Holdings Inc (NASDAQ:NODK) released its most recent earnings update (30 June 2018), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were NI Holdings's average earnings over the past couple of years, and its industry performance. … NODK's trailing twelve-month earnings (from 30 June 2018) of US$17.5m has
Simply Wall St - – Full articleWho Are NI Holdings Inc's (NASDAQ:NODK) Major Shareholders?
I am going to take a deep dive into NI Holdings Inc’s (NASDAQ:NODK) most recent ownership structure, not a frequent subject of discussion among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.
Simply Wall St - – Full articleNI Holdings Inc (NASDAQ:NODK): Can It Deliver A Superior ROE To The Industry?
and want a simplistic look at the return on NI Holdings Inc (NASDAQ:NODK) stock. … With an ROE of 6.58%, NI Holdings Inc (NASDAQ:NODK) returned in-line to its own industry which delivered 9.42% over the past year. … But what is more interesting is whether NODK can sustain or improve on this level of return
Simply Wall St - – Full articleWho Are The Major Shareholders Of NI Holdings Inc (NASDAQ:NODK)?
See our latest analysis for NI Holdings NasdaqCM:NODK Ownership_summary May 10th 18 Institutional Ownership In NODK's case, institutional ownership stands at 19.61%, significant enough to cause considerable price moves in the case of large institutional transactions, especially when there is a low level of public shares available on the market to trade. … However, a higher level of insider ownership has been linked to management executing on high-returning projects instead of expansion projects for the sake of apparent growth. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: NODK's considerably high level of institutional ownership calls for further analysis into its margin of safety.
Simply Wall St - – Full articleWith An ROE Of 6.11%, Can NI Holdings Inc (NASDAQ:NODK) Catch Up To The Industry?
Return on Equity = Net Profit ÷ Shareholders Equity ROE is assessed against cost of equity, which is measured using the Capital Asset Pricing Model (CAPM) – but let’s not dive into the details of that today. … ROE can be split up into three useful ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NasdaqCM:NODK Last Perf Apr 6th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.
Simply Wall St - – Full articleIs NI Holdings Inc's (NASDAQ:NODK) PE Ratio A Signal To Sell For Investors?
Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for NODK Price per share = $16.07 Earnings per share = $0.143 ∴ Price-Earnings Ratio = $16.07 ÷ $0.143 = 112.7x 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. … We preferably want to compare the stock’s P/E ratio to the average of companies that have similar features to NODK, such as capital structure and profitability. … For example, if you are inadvertently comparing riskier firms with NODK, then NODK’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.
Simply Wall St - – Full articleWho Are The Largest Shareholders In NI Holdings Inc (NASDAQ:NODK)?
Check out our latest analysis for NI Holdings NasdaqCM:NODK Ownership_summary Feb 8th 18 Institutional Ownership In NODK's case, institutional ownership stands at 18.29%, significant enough to cause considerable price moves in the case of large institutional transactions, especially when there is a low level of public shares available on the market to trade. … Insider Ownership Another important group of shareholders are company insiders. … Thus, investors should dig deeper into NODK's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: NODK's considerably high level of institutional ownership calls for further analysis into its margin of safety.
Simply Wall St - – Full articleNODK Company Info
Description
NI Holdings, Inc. underwrites property and casualty insurance products in North Dakota, South Dakota, Nebraska, Minnesota, Nevada, Arizona, and Illinois. Its products include multi-peril crop, crop hail, private passenger automobile, farm owners, homeowners, and commercial property and liability insurance policies, as well as non-standard automobile insurance products. The company distributes its insurance products through independent producers and independent agents. The company was founded in 1946 and is headquartered in Fargo, North Dakota. NI Holdings, Inc. is a subsidiary of Nodak Mutual Group, Inc.
Details
| Name: | NI Holdings, Inc. |
| NODK | |
| Exchange: | NasdaqCM |
| Founded: | 1946 |
| $381,333,595 | |
| 22,209,295 | |
| Website: | http://www.niholdingsinc.com |
| Address: |
NI Holdings, Inc. 1101 First Avenue North, Fargo, North Dakota, 58102, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqCM | NODK | Common Stock | Nasdaq Capital Market | US | USD | 16. Mar 2017 |
Number of employees
Current staff
Industry
| Property and Casualty Insurance | |
| Insurance |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/26 00:48 |
| End of day share price update: | 2019/05/24 00:00 |
| Last earnings filing: | 2019/05/08 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
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.
