NI Holdings, Inc. underwrites property and casualty insurance products in the United States.
No risks detected for NODK from our risk checks.
NI Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$18.26|
|52 Week High||US$14.60|
|52 Week Low||US$21.21|
|1 Month Change||-4.65%|
|3 Month Change||-9.83%|
|1 Year Change||15.57%|
|3 Year Change||8.50%|
|5 Year Change||n/a|
|Change since IPO||23.80%|
Recent News & Updates
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...
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...
|NODK||US Insurance||US Market|
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.
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
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
|NODK fundamental statistics|
Is NODK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NODK income statement (TTM)|
|Cost of Revenue||US$275.61m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.50|
|Net Profit Margin||10.13%|
How did NODK perform over the long term?See historical performance and comparison
Is NI Holdings undervalued compared to its fair value and its price relative to the market?
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.
How is NI Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has NI Holdings performed over the past 5 years?
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.
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 ($20.9M).
Debt to Equity History and Analysis
Debt Level: NODK is debt free.
Reducing Debt: NODK has no debt compared to 5 years ago when its debt to equity ratio was 0.06%.
Debt Coverage: NODK has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NODK has no debt, therefore coverage of interest payments is not a concern.
What is NI Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NODK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NODK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NODK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NODK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NODK's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jim Alexander (55 yo)
Mr. Michael James Alexander, also known as Jim, BA, MA, has been Chief Executive Officer & President at NI Holdings, Inc. since March 2017. Mr. Alexander has been Chief Executive Officer of Nodak Insurance...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($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.
Experienced Management: NODK's management team is considered experienced (2.4 years average tenure).
Experienced Board: NODK's board of directors are considered experienced (4.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
NI Holdings, Inc.'s employee growth, exchange listings and data sources
- 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
- NI Holdings, Inc.
- 1101 First Avenue North
- North Dakota
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/16 04:53|
|End of Day Share Price||2021/09/15 00:00|
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.