NODK

NI HoldingsNasdaqCM:NODK Stock Report

Market Cap

US$388.7m

7D

-1.9%

1Y

15.6%

Updated

16 Sep, 2021

Data

Company Financials
NODK fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

NODK Overview

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

Rewards

Trading at 36.8% below our estimate of its fair value

Earnings have grown 29.8% per year over the past 5 years

Risk Analysis

No risks detected for NODK from our risk checks.

NI Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for NI Holdings
Historical stock prices
Current Share PriceUS$18.26
52 Week HighUS$14.60
52 Week LowUS$21.21
Beta0.24
1 Month Change-4.65%
3 Month Change-9.83%
1 Year Change15.57%
3 Year Change8.50%
5 Year Changen/a
Change since IPO23.80%

Recent News & Updates

May 19
Increases to CEO Compensation Might Be Put On Hold For Now at NI Holdings, Inc. (NASDAQ:NODK)

Increases to CEO Compensation Might Be Put On Hold For Now at NI Holdings, Inc. (NASDAQ:NODK)

Performance at NI Holdings, Inc. ( NASDAQ:NODK ) has been reasonably good and CEO Jim Alexander has done a decent job...

Mar 12
Could The NI Holdings, Inc. (NASDAQ:NODK) Ownership Structure Tell Us Something Useful?

Could The NI Holdings, Inc. (NASDAQ:NODK) Ownership Structure Tell Us Something Useful?

If you want to know who really controls NI Holdings, Inc. ( NASDAQ:NODK ), then you'll have to look at the makeup of...

Shareholder Returns

NODKUS InsuranceUS Market
7D-1.9%-0.3%-0.6%
1Y15.6%36.8%33.7%

Return vs Industry: NODK underperformed the US Insurance industry which returned 36.3% over the past year.

Return vs Market: NODK underperformed the US Market which returned 30.7% over the past year.

Price Volatility

Is NODK's price volatile compared to industry and market?
NODK volatility
NODK Beta0.24
Industry Beta0.97
Market Beta1

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

Volatility Over Time: NODK's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1946205Jim 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 auto, 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$388.67m
Earnings (TTM)US$32.27m
Revenue (TTM)US$318.52m

12.0x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NODK income statement (TTM)
RevenueUS$318.52m
Cost of RevenueUS$275.61m
Gross ProfitUS$42.91m
ExpensesUS$10.64m
EarningsUS$32.27m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.50
Gross Margin13.47%
Net Profit Margin10.13%
Debt/Equity Ratio0.0%

How did NODK perform over the long term?

See historical performance and comparison

Valuation

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

36.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NODK ($18.11) is trading below our estimate of fair value ($28.66)

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


Price To Earnings Ratio

PE vs Industry: NODK is poor value based on its PE Ratio (11.9x) compared to the US Insurance industry average (9.9x).

PE vs Market: NODK is good value based on its PE Ratio (11.9x) compared to the US market (17.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NODK's PB Ratio (1.1x) is in line with the US Insurance industry average.


Future Growth

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

0.5%

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.


Past Performance

How has NI Holdings performed over the past 5 years?

29.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NODK has high quality earnings.

Growing Profit Margin: NODK's current net profit margins (10.1%) are higher than last year (8.9%).


Past Earnings Growth Analysis

Earnings Trend: NODK's earnings have grown significantly by 29.8% per year over the past 5 years.

Accelerating Growth: NODK's earnings growth over the past year (27.6%) is below its 5-year average (29.8% per year).

Earnings vs Industry: NODK earnings growth over the past year (27.6%) underperformed the Insurance industry 76%.


Return on Equity

High ROE: NODK's Return on Equity (9.5%) is considered low.


Financial Health

How is NI Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: NODK's short term assets ($192.5M) do not cover its short term liabilities ($336.6M).

Long Term Liabilities: NODK's short term assets ($192.5M) exceed its long term liabilities ($20.9M).


Debt to Equity History and Analysis

Debt Level: NODK is debt free.

Reducing Debt: NODK has no debt compared to 5 years ago when its debt to equity ratio was 0.06%.

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


Dividend

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


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.


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 NODK'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?

2.4yrs

Average management tenure


CEO

Jim Alexander (55 yo)

4.5yrs

Tenure

US$2,696,218

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 ($USD2.70M) is above average for companies of similar size in the US market ($USD1.68M).

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 (2.4 years average tenure).


Board Members

Experienced Board: NODK's board of directors are considered experienced (4.5 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
  • Market Cap: US$388.672m
  • Shares outstanding: 21.29m
  • 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 Analysis2021/09/16 04:53
End of Day Share Price2021/09/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.