NICOLET BANKSHARES INC (NIC) Fundamental Analysis & Valuation

NYSE:NIC • US65406E1029

Current stock price

147.69 USD
-1.18 (-0.79%)
Last:

This NIC fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. NIC Profitability Analysis

1.1 Basic Checks

  • NIC had positive earnings in the past year.
  • NIC had a positive operating cash flow in the past year.
  • NIC had positive earnings in each of the past 5 years.
  • NIC had a positive operating cash flow in each of the past 5 years.
NIC Yearly Net Income VS EBIT VS OCF VS FCFNIC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

1.2 Ratios

  • NIC has a better Return On Assets (1.64%) than 90.53% of its industry peers.
  • NIC has a Return On Equity of 11.98%. This is in the better half of the industry: NIC outperforms 79.21% of its industry peers.
Industry RankSector Rank
ROA 1.64%
ROE 11.98%
ROIC N/A
ROA(3y)1.26%
ROA(5y)1.13%
ROE(3y)9.49%
ROE(5y)9%
ROIC(3y)N/A
ROIC(5y)N/A
NIC Yearly ROA, ROE, ROICNIC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • With an excellent Profit Margin value of 38.44%, NIC belongs to the best of the industry, outperforming 93.95% of the companies in the same industry.
  • In the last couple of years the Profit Margin of NIC has grown nicely.
  • NIC does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 38.44%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y6.68%
PM growth 5Y4.18%
GM growth 3YN/A
GM growth 5YN/A
NIC Yearly Profit, Operating, Gross MarginsNIC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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3

2. NIC Health Analysis

2.1 Basic Checks

  • NIC does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • NIC has less shares outstanding than it did 1 year ago.
  • NIC has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for NIC has been reduced compared to a year ago.
NIC Yearly Shares OutstandingNIC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M
NIC Yearly Total Debt VS Total AssetsNIC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • NIC has a debt to FCF ratio of 0.90. This is a very positive value and a sign of high solvency as it would only need 0.90 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 0.90, NIC is doing good in the industry, outperforming 70.53% of the companies in the same industry.
  • NIC has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
  • NIC has a Debt to Equity ratio of 0.11. This is in the better half of the industry: NIC outperforms 65.26% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 0.9
Altman-Z N/A
ROIC/WACCN/A
WACC8.75%
NIC Yearly LT Debt VS Equity VS FCFNIC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
NIC Yearly Current Assets VS Current LiabilitesNIC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

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8

3. NIC Growth Analysis

3.1 Past

  • NIC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.97%, which is quite impressive.
  • Measured over the past years, NIC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.66% on average per year.
  • NIC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.91%.
  • NIC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.36% yearly.
EPS 1Y (TTM)23.97%
EPS 3Y12.52%
EPS 5Y11.66%
EPS Q2Q%28.11%
Revenue 1Y (TTM)11.91%
Revenue growth 3Y9.59%
Revenue growth 5Y15.36%
Sales Q2Q%-5.19%

3.2 Future

  • NIC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.90% yearly.
  • NIC is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 51.65% yearly.
EPS Next Y21.8%
EPS Next 2Y18.9%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year81.22%
Revenue Next 2Y51.65%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
NIC Yearly Revenue VS EstimatesNIC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
NIC Yearly EPS VS EstimatesNIC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5 10

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3

4. NIC Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 14.87, the valuation of NIC can be described as correct.
  • NIC's Price/Earnings ratio is a bit more expensive when compared to the industry. NIC is more expensive than 74.47% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.61, NIC is valued a bit cheaper.
  • The Price/Forward Earnings ratio is 12.21, which indicates a correct valuation of NIC.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NIC indicates a slightly more expensive valuation: NIC is more expensive than 68.42% of the companies listed in the same industry.
  • NIC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.79, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 14.87
Fwd PE 12.21
NIC Price Earnings VS Forward Price EarningsNIC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of NIC indicates a slightly more expensive valuation: NIC is more expensive than 74.74% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 21.12
EV/EBITDA N/A
NIC Per share dataNIC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • NIC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • NIC's earnings are expected to grow with 18.90% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.68
PEG (5Y)1.28
EPS Next 2Y18.9%
EPS Next 3YN/A

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3

5. NIC Dividend Analysis

5.1 Amount

  • NIC has a yearly dividend return of 0.90%, which is pretty low.
  • With a Dividend Yield of 0.90, NIC pays less dividend than the industry average, which is at 2.78. 82.89% of the companies listed in the same industry pay a better dividend than NIC!
  • Compared to an average S&P500 Dividend Yield of 1.89, NIC's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.9%

5.2 History

  • The dividend of NIC is nicely growing with an annual growth rate of 67.54%!
  • NIC has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)67.54%
Div Incr Years1
Div Non Decr Years1
NIC Yearly Dividends per shareNIC Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • NIC pays out 12.38% of its income as dividend. This is a sustainable payout ratio.
  • NIC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP12.38%
EPS Next 2Y18.9%
EPS Next 3YN/A
NIC Yearly Income VS Free CF VS DividendNIC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
NIC Dividend Payout.NIC Dividend Payout, showing the Payout Ratio.NIC Dividend Payout.PayoutRetained Earnings

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NIC Fundamentals: All Metrics, Ratios and Statistics

NICOLET BANKSHARES INC

NYSE:NIC (3/26/2026, 2:22:02 PM)

147.69

-1.18 (-0.79%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-20
Earnings (Next)04-13
Inst Owners39.06%
Inst Owner ChangeN/A
Ins Owners8.57%
Ins Owner Change4.41%
Market Cap3.16B
Revenue(TTM)392.04M
Net Income(TTM)150.69M
Analysts80
Price Target177.99 (20.52%)
Short Float %3.25%
Short Ratio3.12
Dividend
Industry RankSector Rank
Dividend Yield 0.9%
Yearly Dividend1.24
Dividend Growth(5Y)67.54%
DP12.38%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-02
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.28%
Min EPS beat(2)15.38%
Max EPS beat(2)23.19%
EPS beat(4)4
Avg EPS beat(4)12.74%
Min EPS beat(4)4.88%
Max EPS beat(4)23.19%
EPS beat(8)8
Avg EPS beat(8)11.9%
EPS beat(12)11
Avg EPS beat(12)9.81%
EPS beat(16)13
Avg EPS beat(16)6.69%
Revenue beat(2)2
Avg Revenue beat(2)1.83%
Min Revenue beat(2)1.13%
Max Revenue beat(2)2.53%
Revenue beat(4)3
Avg Revenue beat(4)0.14%
Min Revenue beat(4)-5.37%
Max Revenue beat(4)2.53%
Revenue beat(8)6
Avg Revenue beat(8)1.89%
Revenue beat(12)8
Avg Revenue beat(12)-2.46%
Revenue beat(16)12
Avg Revenue beat(16)3.89%
PT rev (1m)6.66%
PT rev (3m)12%
EPS NQ rev (1m)4.82%
EPS NQ rev (3m)7.31%
EPS NY rev (1m)2.09%
EPS NY rev (3m)6.92%
Revenue NQ rev (1m)20.77%
Revenue NQ rev (3m)30.49%
Revenue NY rev (1m)12.04%
Revenue NY rev (3m)73.76%
Valuation
Industry RankSector Rank
PE 14.87
Fwd PE 12.21
P/S 8.05
P/FCF 21.12
P/OCF 20.56
P/B 2.51
P/tB 3.66
EV/EBITDA N/A
EPS(TTM)9.93
EY6.72%
EPS(NY)12.09
Fwd EY8.19%
FCF(TTM)6.99
FCFY4.73%
OCF(TTM)7.18
OCFY4.86%
SpS18.35
BVpS58.85
TBVpS40.34
PEG (NY)0.68
PEG (5Y)1.28
Graham Number114.67
Profitability
Industry RankSector Rank
ROA 1.64%
ROE 11.98%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 38.44%
GM N/A
FCFM 38.12%
ROA(3y)1.26%
ROA(5y)1.13%
ROE(3y)9.49%
ROE(5y)9%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y6.68%
PM growth 5Y4.18%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 0.9
Debt/EBITDA N/A
Cap/Depr 27.3%
Cap/Sales 1.04%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 99.18%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score9
WACC8.75%
ROIC/WACCN/A
Cap/Depr(3y)74.55%
Cap/Depr(5y)74.29%
Cap/Sales(3y)4.11%
Cap/Sales(5y)4.42%
Profit Quality(3y)113.2%
Profit Quality(5y)118.21%
High Growth Momentum
Growth
EPS 1Y (TTM)23.97%
EPS 3Y12.52%
EPS 5Y11.66%
EPS Q2Q%28.11%
EPS Next Y21.8%
EPS Next 2Y18.9%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)11.91%
Revenue growth 3Y9.59%
Revenue growth 5Y15.36%
Sales Q2Q%-5.19%
Revenue Next Year81.22%
Revenue Next 2Y51.65%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y27.48%
FCF growth 3Y12.41%
FCF growth 5Y17.02%
OCF growth 1Y14.79%
OCF growth 3Y9.36%
OCF growth 5Y14.24%

NICOLET BANKSHARES INC / NIC Fundamental Analysis FAQ

What is the fundamental rating for NIC stock?

ChartMill assigns a fundamental rating of 5 / 10 to NIC.


Can you provide the valuation status for NICOLET BANKSHARES INC?

ChartMill assigns a valuation rating of 3 / 10 to NICOLET BANKSHARES INC (NIC). This can be considered as Overvalued.


What is the profitability of NIC stock?

NICOLET BANKSHARES INC (NIC) has a profitability rating of 5 / 10.


What is the valuation of NICOLET BANKSHARES INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for NICOLET BANKSHARES INC (NIC) is 14.87 and the Price/Book (PB) ratio is 2.51.


How sustainable is the dividend of NICOLET BANKSHARES INC (NIC) stock?

The dividend rating of NICOLET BANKSHARES INC (NIC) is 3 / 10 and the dividend payout ratio is 12.38%.