Loading...

We've got a brand new version of Simply Wall St! Try it out

NI Holdings

Nasdaq:NODK
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NODK
Nasdaq
$380M
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

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 8 days ago. More info.


Add to Portfolio Compare Print
NODK Share Price and Events
7 Day Returns
-1%
NasdaqCM:NODK
1.4%
US Insurance
0.5%
US Market
1 Year Returns
11.8%
NasdaqCM:NODK
14.7%
US Insurance
12.8%
US Market
NODK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NI Holdings (NODK) -1% -3.3% 2.6% 11.8% - -
US Insurance 1.4% 1.7% 4.2% 14.7% 27.5% 46.7%
US Market 0.5% 4.3% 8% 12.8% 38.7% 44.5%
1 Year Return vs Industry and Market
  • NODK underperformed the Insurance industry which returned 14.7% over the past year.
  • NODK underperformed the Market in United States of America which returned 12.8% over the past year.
Price Volatility
NODK
Industry
5yr Volatility vs Market

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for NI Holdings.

NasdaqCM:NODK Discounted Cash Flow Data Sources
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
= $11.47 * 6.6%
$0.75
Book Value of Equity per Share Median Book Value from the past 5 years. $11.47
Discount Rate (Cost of Equity) See below 7.5%
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.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:NODK
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 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.667 (1 + (1- 21%) (0%))
0.777
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

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.

NasdaqCM:NODK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.6% – 7.5%) * $11.47)
$-0.11
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.11 / (7.5% - 2.73%)
$-2.21
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $11.47 + $-2.21
$9.25
NasdaqCM:NODK Discount to Share Price
Calculation Result
Value per share (USD) From above. $9.25
Current discount Discount to share price of $17.21
= -1 x ($17.21 - $9.25) / $9.25
-86%

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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
NasdaqCM:NODK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $1.09
NasdaqCM:NODK Share Price ** NasdaqCM (2019-11-13) in USD $17.21
United States of America Insurance Industry PE Ratio Median Figure of 89 Publicly-Listed Insurance Companies 16.78x
United States of America Market PE Ratio Median Figure of 2,922 Publicly-Listed Companies 18.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of NI Holdings.

NasdaqCM:NODK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:NODK Share Price ÷ EPS (both in USD)

= 17.21 ÷ 1.09

15.83x

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?
Raw Data
NasdaqCM:NODK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
9.7%per year
United States of America Insurance Industry PEG Ratio Median Figure of 62 Publicly-Listed Insurance Companies 0.9x
United States of America Market PEG Ratio Median Figure of 2,023 Publicly-Listed Companies 1.46x

*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?
Raw Data
NasdaqCM:NODK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $13.07
NasdaqCM:NODK Share Price * NasdaqCM (2019-11-13) in USD $17.21
United States of America Insurance Industry PB Ratio Median Figure of 116 Publicly-Listed Insurance Companies 1.17x
United States of America Market PB Ratio Median Figure of 5,070 Publicly-Listed Companies 1.73x
NasdaqCM:NODK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:NODK Share Price ÷ Book Value per Share (both in USD)

= 17.21 ÷ 13.07

1.32x

* 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.
X
Value checks
We assess NI Holdings's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. 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!
Annual Growth Rate
9.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NI Holdings expected to grow at an attractive rate?
  • NI Holdings's earnings growth is expected to exceed 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
Raw Data
NasdaqCM:NODK Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:NODK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 9.7%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
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
Raw Data
NasdaqCM:NODK Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:NODK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 256 24 24
2019-06-30 246 17 41
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NI Holdings's earnings are expected to grow by 9.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if NI Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:NODK 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.

NasdaqCM:NODK Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 1.09
2019-06-30 1.84
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

*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.
X
Future performance checks
We assess NI Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
NI Holdings has a total score of 1/6, 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
Below we compare NI Holdings's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • NI Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • NI Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • NI Holdings's 1-year earnings growth is negative, it can't be compared to the US Insurance industry average.
Earnings and Revenue History
NI Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from NI Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:NODK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 256.49 24.16
2019-06-30 245.77 40.98
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 significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess NI Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
NI Holdings has a total score of 3/6, 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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of NI Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from NI Holdings Company Filings, last reported 1 month ago.

NasdaqCM:NODK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 292.31 0.00 25.24
2019-06-30 297.31 0.00 60.57
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.
X
Financial health checks
We assess NI Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. NI Holdings has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
0%
Current annual income from NI Holdings dividends.
If you bought $2,000 of NI Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
NasdaqCM:NODK Annualized Past and Future Dividends
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 78 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1948 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

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.
Current Payout to shareholders
What portion of NI Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as NI Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess NI Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Alexander
COMPENSATION $2,626,324
AGE 53
TENURE AS CEO 2.7 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:

2.7
Average Tenure
53
Average Age
  • The tenure for the NI Holdings management team is about average.
Management Team

Jim Alexander

TITLE
President
COMPENSATION
$3M
AGE
53
TENURE
2.7 yrs

Brian Doom

TITLE
Executive VP
COMPENSATION
$958K
AGE
66
TENURE
2.7 yrs

Pat Duncan

TITLE
Vice President of Operations
COMPENSATION
$697K
AGE
52
TENURE
2.7 yrs

William Thompson

TITLE
Vice President of Sales & Marketing
Board of Directors Tenure

Average tenure and age of the NI Holdings board of directors in years:

3.8
Average Tenure
61.5
Average Age
  • The tenure for the NI Holdings board of directors is about average.
Board of Directors

Eric Aasmundstad

TITLE
Chairman of the Board
COMPENSATION
$110K
AGE
60
TENURE
2.7 yrs

Jim Alexander

TITLE
President
COMPENSATION
$3M
AGE
53
TENURE
3.8 yrs

William Devlin

TITLE
Vice Chairman of the Board
COMPENSATION
$107K
AGE
71

Duaine Espegard

TITLE
Independent Director
COMPENSATION
$108K
AGE
75
TENURE
16.8 yrs

Steven Marlow

TITLE
Independent Director
COMPENSATION
$109K
AGE
63
TENURE
3.8 yrs

Jeffrey Missling

TITLE
Director
COMPENSATION
$62K
AGE
48
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. Nov 18 Buy Michael Alexander Individual 19. Nov 18 19. Nov 18 1,255 $15.64 $19,629
X
Management checks
We assess NI Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

Do You Know What NI Holdings, Inc.'s (NASDAQ:NODK) P/E Ratio Means?

The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for NI Holdings: P/E of 9.07 = $16.77 ÷ $1.85 (Based on the year to June 2019.) Is A High Price-to-Earnings Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each $1 of company earnings. … Hypothetically, a company could reduce its future P/E ratio by spending its cash (or taking on debt) to achieve higher earnings.

Simply Wall St -

How Many NI Holdings, Inc. (NASDAQ:NODK) Shares Do Institutions Own?

Companies that have been privatized tend to have low insider ownership. … Insider Ownership Of NI Holdings While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. … Private Company Ownership It seems that Private Companies own 57%, of the NODK stock.

Simply Wall St -

Can NI Holdings, Inc. (NASDAQ:NODK) Maintain Its Strong Returns?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for NI Holdings: 13% = US$39m ÷ US$293m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … How Does Debt Impact Return On Equity? … In the latter case, the debt required for growth will boost returns, but will not impact the shareholders' equity.

Simply Wall St -

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 -

How 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 -

Should 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 -

Where 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 -

Who 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 -

NI 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 -

Who 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 -

NODK 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
$380,256,068
22,095,065
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
Staff numbers
178
NI Holdings employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 00:49
End of day share price update: 2019/11/13 00:00
Last earnings filing: 2019/11/06
Last earnings reported: 2019/09/30
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.