NICOLET BANKSHARES INC (NIC) Fundamental Analysis & Valuation

NYSE:NIC • US65406E1029

Current stock price

140.36 USD
-5.03 (-3.46%)
At close:
140.36 USD
0 (0%)
After Hours:

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

4

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.
  • Each year in the past 5 years NIC has been profitable.
  • Of the past 5 years NIC 4 years had a positive operating cash flow.
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

  • The Return On Assets of NIC (1.60%) is better than 89.76% of its industry peers.
  • The Return On Equity of NIC (11.88%) is better than 79.27% of its industry peers.
Industry RankSector Rank
ROA 1.6%
ROE 11.88%
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 37.94%, NIC belongs to the best of the industry, outperforming 93.18% 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) 37.94%
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.
  • Compared to 1 year ago, NIC has an improved debt to assets ratio.
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

  • The Debt to FCF ratio of NIC is 0.88, which is an excellent value as it means it would take NIC, only 0.88 years of fcf income to pay off all of its debts.
  • NIC has a Debt to FCF ratio of 0.88. This is in the better half of the industry: NIC outperforms 71.39% of its industry peers.
  • A Debt/Equity ratio of 0.11 indicates that NIC is not too dependend on debt financing.
  • NIC has a Debt to Equity ratio of 0.11. This is in the better half of the industry: NIC outperforms 63.78% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 0.88
Altman-Z N/A
ROIC/WACCN/A
WACC8.58%
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. NIC Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 23.97% over the past year.
  • The Earnings Per Share has been growing by 11.66% on average over the past years. This is quite good.
  • Looking at the last year, NIC shows a quite strong growth in Revenue. The Revenue has grown by 11.91% in the last year.
  • 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

  • Based on estimates for the next years, NIC will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.90% on average per year.
  • 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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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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4

4. NIC Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 14.13, which indicates a correct valuation of NIC.
  • 71.39% of the companies in the same industry are cheaper than NIC, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 25.79, NIC is valued a bit cheaper.
  • The Price/Forward Earnings ratio is 11.61, which indicates a very decent valuation of NIC.
  • Based on the Price/Forward Earnings ratio, NIC is valued a bit more expensive than the industry average as 65.88% of the companies are valued more cheaply.
  • NIC is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.80, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 14.13
Fwd PE 11.61
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

  • NIC's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. NIC is more expensive than 73.75% of the companies in the same industry.
Industry RankSector Rank
P/FCF 19.53
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

  • The 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)0.65
PEG (5Y)1.21
EPS Next 2Y18.9%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. NIC Dividend Analysis

5.1 Amount

  • NIC has a yearly dividend return of 0.86%, which is pretty low.
  • With a Dividend Yield of 0.86, NIC pays less dividend than the industry average, which is at 2.90. 83.99% of the companies listed in the same industry pay a better dividend than NIC!
  • With a Dividend Yield of 0.86, NIC pays less dividend than the S&P500 average, which is at 1.91.
Industry RankSector Rank
Dividend Yield 0.86%

5.2 History

  • The dividend of NIC is nicely growing with an annual growth rate of 86.72%!
  • NIC has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)86.72%
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

  • 13.08% of the earnings are spent on dividend by NIC. This is a low number and sustainable payout ratio.
  • The dividend of NIC is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP13.08%
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 (3/18/2026, 8:27:20 PM)

After market: 140.36 0 (0%)

140.36

-5.03 (-3.46%)

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 Cap3.00B
Revenue(TTM)392.04M
Net Income(TTM)144.36M
Analysts80
Price Target177.99 (26.81%)
Short Float %3.25%
Short Ratio3.12
Dividend
Industry RankSector Rank
Dividend Yield 0.86%
Yearly Dividend1.09
Dividend Growth(5Y)86.72%
DP13.08%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-02
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.45%
Min EPS beat(2)7.52%
Max EPS beat(2)15.38%
EPS beat(4)4
Avg EPS beat(4)9.11%
Min EPS beat(4)4.88%
Max EPS beat(4)15.38%
EPS beat(8)8
Avg EPS beat(8)9.3%
EPS beat(12)10
Avg EPS beat(12)7.1%
EPS beat(16)13
Avg EPS beat(16)5.25%
Revenue beat(2)2
Avg Revenue beat(2)2.39%
Min Revenue beat(2)2.25%
Max Revenue beat(2)2.53%
Revenue beat(4)3
Avg Revenue beat(4)5.31%
Min Revenue beat(4)-5.37%
Max Revenue beat(4)21.84%
Revenue beat(8)6
Avg Revenue beat(8)2.28%
Revenue beat(12)8
Avg Revenue beat(12)-1.37%
Revenue beat(16)12
Avg Revenue beat(16)7%
PT rev (1m)6.66%
PT rev (3m)12%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.98%
EPS NY rev (1m)2.09%
EPS NY rev (3m)6.92%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.24%
Revenue NY rev (1m)21.82%
Revenue NY rev (3m)73.76%
Valuation
Industry RankSector Rank
PE 14.13
Fwd PE 11.61
P/S 7.88
P/FCF 19.53
P/OCF 18.68
P/B 2.47
P/tB 3.69
EV/EBITDA N/A
EPS(TTM)9.93
EY7.07%
EPS(NY)12.09
Fwd EY8.62%
FCF(TTM)7.19
FCFY5.12%
OCF(TTM)7.51
OCFY5.35%
SpS17.8
BVpS56.85
TBVpS38.06
PEG (NY)0.65
PEG (5Y)1.21
Graham Number112.71
Profitability
Industry RankSector Rank
ROA 1.6%
ROE 11.88%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 37.94%
GM N/A
FCFM 40.36%
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 0.88
Debt/EBITDA N/A
Cap/Depr 50.09%
Cap/Sales 1.84%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 106.37%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score9
WACC8.58%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
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 1Y24.16%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y16.54%
OCF growth 3YN/A
OCF growth 5YN/A

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 4 / 10 to NICOLET BANKSHARES INC (NIC). This can be considered as Fairly Valued.


What is the profitability of NIC stock?

NICOLET BANKSHARES INC (NIC) has a profitability rating of 4 / 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 14.13 and the Price/Book (PB) ratio is 2.47.


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 13.08%.