| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 2/6 |
NSEC Stock Overview
The National Security Group, Inc., an insurance holding company, provides insurance products and services in the United States.
National Security Group Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$16.32 |
| 52 Week High | US$16.48 |
| 52 Week Low | US$8.91 |
| Beta | -0.38 |
| 1 Month Change | 0.12% |
| 3 Month Change | 2.35% |
| 1 Year Change | 44.36% |
| 3 Year Change | 24.83% |
| 5 Year Change | 7.79% |
| Change since IPO | 92.63% |
Recent News & Updates
Shareholder Returns
| NSEC | US Insurance | US Market | |
|---|---|---|---|
| 7D | -0.06% | -2.3% | -2.7% |
| 1Y | 44.4% | -0.9% | -12.9% |
Return vs Industry: NSEC exceeded the US Insurance industry which returned -0.1% over the past year.
Return vs Market: NSEC exceeded the US Market which returned -12.7% over the past year.
Price Volatility
| NSEC volatility | |
|---|---|
| NSEC Average Weekly Movement | 1.1% |
| Insurance Industry Average Movement | 5.2% |
| Market Average Movement | 7.9% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: NSEC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: NSEC's weekly volatility has decreased from 15% to 1% over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1947 | 72 | Bill Brunson | https://www.nationalsecuritygroup.com |
The National Security Group, Inc., an insurance holding company, provides insurance products and services in the United States. It operates in two segments, Property and Casualty (P&C) Insurance, and Life Insurance. The P&C Insurance segment primarily underwrites home insurance coverage with primary lines of business consisting of dwelling fire and extended coverage, mobile homeowners, and other liability insurance in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Oklahoma, South Carolina, Tennessee, and West Virginia, as well as operates on a surplus lines basis in the state of Louisiana.
National Security Group Fundamentals Summary
| NSEC fundamental statistics | |
|---|---|
| Market Cap | US$41.33m |
| Earnings (TTM) | US$823.00k |
| Revenue (TTM) | US$66.13m |
50.2x
P/E Ratio0.6x
P/S RatioIs NSEC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NSEC income statement (TTM) | |
|---|---|
| Revenue | US$66.13m |
| Cost of Revenue | US$52.30m |
| Gross Profit | US$13.83m |
| Other Expenses | US$13.01m |
| Earnings | US$823.00k |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.32 |
| Gross Margin | 20.91% |
| Net Profit Margin | 1.24% |
| Debt/Equity Ratio | 32.7% |
How did NSEC perform over the long term?
See historical performance and comparisonDividends
1.5%
Current Dividend Yield74%
Payout RatioValuation
Is National Security Group undervalued compared to its fair value and its price relative to the market?
Valuation Score
0/6Valuation Score 0/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
50.22x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate NSEC's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate NSEC's fair value for valuation analysis.
Price To Earnings Ratio
PE vs Industry: NSEC is poor value based on its PE Ratio (50.2x) compared to the US Insurance industry average (10.9x).
PE vs Market: NSEC is poor value based on its PE Ratio (50.2x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NSEC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NSEC's PB Ratio (1x) is in line with the US Insurance industry average.
Future Growth
How is National Security Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
9.5%
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 National Security Group 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 National Security Group performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-32.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NSEC has high quality earnings.
Growing Profit Margin: NSEC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: NSEC's earnings have declined by 32.5% per year over the past 5 years.
Accelerating Growth: NSEC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NSEC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (-2.6%).
Return on Equity
High ROE: NSEC's Return on Equity (2%) is considered low.
Financial Health
How is National Security Group's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: NSEC's short term assets ($31.6M) do not cover its short term liabilities ($46.0M).
Long Term Liabilities: NSEC's short term assets ($31.6M) do not cover its long term liabilities ($63.0M).
Debt to Equity History and Analysis
Debt Level: NSEC's net debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: NSEC's debt to equity ratio has reduced from 36.6% to 32.7% over the past 5 years.
Debt Coverage: NSEC's debt is well covered by operating cash flow (25.3%).
Interest Coverage: NSEC's interest payments on its debt are not well covered by EBIT (2.8x coverage).
Balance Sheet
Dividend
What is National Security Group current dividend yield, its reliability and sustainability?
Dividend Score
1/6Dividend Score 1/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
1.47%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NSEC's dividend (1.47%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: NSEC's dividend (1.47%) is low compared to the top 25% of dividend payers in the US market (4.09%).
Stability and Growth of Payments
Stable Dividend: NSEC's dividend payments have been volatile in the past 10 years.
Growing Dividend: NSEC's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (74.2%), NSEC's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (18.6%), NSEC's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
19.3yrs
Average board tenure
CEO
Bill Brunson (63 yo)
22.33yrs
Tenure
US$325,538
Compensation
Mr. William Lister Brunson, Jr., also known as Bill, serves as a Director of National Security Group, Inc. since 1999 and as President and Chief Executive Officer of the National Security Group, Inc since...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD325.54K) is below average for companies of similar size in the US market ($USD771.97K).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
Board Members
Experienced Board: NSEC's board of directors are seasoned and experienced ( 19.3 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
The National Security Group, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: The National Security Group, Inc.
- Ticker: NSEC
- Exchange: NasdaqGM
- Founded: 1947
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Implied Market Cap: US$41.333m
- Shares outstanding: 2.53m
- Website: https://www.nationalsecuritygroup.com
Number of Employees
Location
- The National Security Group, Inc.
- 661 East Davis Street
- Elba
- Alabama
- 36323
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/21 00:00 |
| End of Day Share Price | 2022/05/20 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.