NYSE:IHC

Stock Analysis Report

Executive Summary

Independence Holding Company, through its subsidiaries, engages in life and health insurance business.

Snowflake

Fundamentals

Excellent balance sheet with acceptable track record.

Risks

  • Independence Holding is not covered by any analysts.

Similar Companies

Share Price & News

How has Independence Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.0%

NYSE:IHC

-1.1%

US Insurance

0.2%

US Market


1 Year Return

3.1%

NYSE:IHC

7.1%

US Insurance

-0.7%

US Market

IHC underperformed the Insurance industry which returned 8.8% over the past year.

IHC outperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

IHCIndustryMarket
7 Day-3.0%-1.1%0.2%
30 Day-1.1%-3.0%-2.7%
90 Day-3.3%0.8%1.6%
1 Year4.1%3.1%9.7%7.1%1.6%-0.7%
3 Year115.3%110.5%44.1%33.2%40.0%30.9%
5 Year174.1%164.8%63.8%44.3%53.8%36.8%

Price Volatility Vs. Market

How volatile is Independence Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Independence Holding undervalued based on future cash flows and its price relative to the stock market?

18.2x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Independence Holding's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Independence Holding's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Independence Holding is overvalued based on earnings compared to the US Insurance industry average.

Independence Holding is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Independence Holding, we can't assess if its growth is good value.


Price Based on Value of Assets

Independence Holding is good value based on assets compared to the US Insurance industry average.


Next Steps

Future Growth

How is Independence Holding expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Independence Holding is high growth as no revenue estimate data is available.

Independence Holding's earnings are expected to grow by 11.1% yearly, however this is not considered high growth (20% yearly).

Unable to compare Independence Holding's revenue growth to the United States of America market average as no estimate data is available.

Independence Holding's earnings growth is positive but not above the United States of America market average.

Independence Holding's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Independence Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Independence Holding performed over the past 5 years?

19.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Independence Holding's year on year earnings growth rate has been positive over the past 5 years.

Independence Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Independence Holding's 1-year earnings growth is negative, it can't be compared to the US Insurance industry average.


Return on Equity

Independence Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Independence Holding used its assets more efficiently than the US Insurance industry average last year based on Return on Assets.


Return on Capital Employed

Independence Holding has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Independence Holding's financial position?


Financial Position Analysis

Independence Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Independence Holding's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Independence Holding has no debt.

Independence Holding has no debt compared to 5 years ago when it was 15.2%.

Independence Holding has no debt, it does not need to be covered by operating cash flow.

Independence Holding has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Independence Holding has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

What is Independence Holding's current dividend yield, its reliability and sustainability?

1.08%

Current Dividend Yield


Dividend Yield and Payments Analysis

Independence Holding's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).

Independence Holding's dividend is below the markets top 25% of dividend payers in United States of America (3.83%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (5.8x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Independence Holding's salary, the management and board of directors tenure and is there insider trading?

13.5yrs

Average management tenure


CEO

Roy Tjay Thung (75yo)

19.6yrs

Tenure

US$2,119,396

Compensation

Mr. Roy Tjay Kiang Thung has been Chairman, Chief Executive Officer, President and Director at Independence Holding Co. since March 2011, January 2000, July 1999 and December 1990 respectively. Mr. Thung h ...


CEO Compensation Analysis

Roy Tjay's remuneration is about average for companies of similar size in United States of America.

Roy Tjay's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

13.5yrs

Average Tenure

60.5yo

Average Age

The average tenure for the Independence Holding management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

13.2yrs

Average Tenure

73yo

Average Age

The average tenure for the Independence Holding board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Roy Tjay Thung (75yo)

    Chairman

    • Tenure: 19.6yrs
    • Compensation: US$2.12m
  • Teresa Ellen Herbert (57yo)

    CFO, Senior VP & Director

    • Tenure: 2.8yrs
    • Compensation: US$849.44k
  • David Kettig (60yo)

    Executive VP

    • Tenure: 8.3yrs
    • Compensation: US$752.59k
  • Larry Graber (69yo)

    Senior VP

    • Tenure: 19.6yrs
    • Compensation: US$827.72k
  • Gary Balzofiore (61yo)

    Senior Vice President of Specialty Health Operations

    • Tenure: 0.6yrs
    • Compensation: US$567.31k
  • Loan Nisser

    VP & Secretary

    • Tenure: 4.6yrs
  • Vincent Furfaro (55yo)

    Senior VP of Corp. Development & Chief Information Security Officer

    • Tenure: 0.0yrs
    • Compensation: US$714.20k

Board Members

  • Steven Lapin (73yo)

    Vice Chairman of the Board

    • Tenure: 20.1yrs
  • Roy Tjay Thung (75yo)

    Chairman

    • Tenure: 19.6yrs
    • Compensation: US$2.12m
  • Teresa Ellen Herbert (57yo)

    CFO, Senior VP & Director

    • Tenure: 2.8yrs
    • Compensation: US$849.44k
  • David Kettig (60yo)

    Executive VP

    • Tenure: 8.3yrs
    • Compensation: US$752.59k
  • Ronald Simon (80yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: US$146.26k
  • Larry Graber (69yo)

    Senior VP

    • Tenure: 19.6yrs
    • Compensation: US$827.72k
  • Allan Kirkman (75yo)

    Director

    • Tenure: 38.7yrs
    • Compensation: US$158.26k
  • James Tatum (77yo)

    Director

    • Tenure: 19.3yrs
    • Compensation: US$156.76k
  • John Lahey (72yo)

    Director

    • Tenure: 13.2yrs
    • Compensation: US$149.26k

Company Information

Independence Holding Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Independence Holding Company
  • Ticker: IHC
  • Exchange: NYSE
  • Founded: 1980
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Market Cap: US$552.965m
  • Shares outstanding: 14.89m
  • Website: https://www.ihcgroup.com

Number of Employees


Location

  • Independence Holding Company
  • 96 Cummings Point Road
  • Stamford
  • Connecticut
  • 6902
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IHCNYSE (New York Stock Exchange)YesCommon StockUSUSDMar 1982

Biography

Independence Holding Company, through its subsidiaries, engages in life and health insurance business. The company’s dental portfolio includes indemnity and PPO plans for employer groups of two or more liv ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 23:44
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.