NICOLET BANKSHARES INC (NIC) Stock Fundamental Analysis
NYSE:NIC - New York Stock Exchange, Inc. - US65406E1029 - Common Stock - Currency: USD
Overall NIC gets a fundamental rating of 4 out of 10. We evaluated NIC against 393 industry peers in the Banks industry. There are concerns on the financial health of NIC while its profitability can be described as average. NIC is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
NIC had positive earnings in the past year.
In the past year NIC had a positive cash flow from operations.
Each year in the past 5 years NIC has been profitable.
Each year in the past 5 years NIC had a positive operating cash flow.
1.2 Ratios
NIC has a better Return On Assets (1.44%) than 88.04% of its industry peers.
Looking at the Return On Equity, with a value of 10.91%, NIC is in the better half of the industry, outperforming 76.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.44% | ||
| ROE | 10.91% | ||
| ROIC | N/A |
ROA(3y)1.07%
ROA(5y)1.06%
ROE(3y)8.73%
ROE(5y)8.83%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
NIC has a better Profit Margin (36.10%) than 93.13% of its industry peers.
In the last couple of years the Profit Margin of NIC has grown nicely.
The Operating Margin and Gross Margin are not available for NIC so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 36.1% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y9.56%
PM growth 5Y1.91%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
NIC does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for NIC has been increased compared to 1 year ago.
The number of shares outstanding for NIC has been increased compared to 5 years ago.
NIC has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of NIC is 1.13, which is an excellent value as it means it would take NIC, only 1.13 years of fcf income to pay off all of its debts.
NIC has a Debt to FCF ratio of 1.13. This is in the better half of the industry: NIC outperforms 70.23% of its industry peers.
A Debt/Equity ratio of 0.13 indicates that NIC is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.13, NIC is in the better half of the industry, outperforming 61.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 1.13 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC8.61%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 16.96% over the past year.
The Earnings Per Share has been growing by 9.93% 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 10.31% in the last year.
Measured over the past years, NIC shows a quite strong growth in Revenue. The Revenue has been growing by 15.63% on average per year.
EPS 1Y (TTM)16.96%
EPS 3Y13.35%
EPS 5Y9.93%
EPS Q2Q%21.87%
Revenue 1Y (TTM)10.31%
Revenue growth 3Y15.84%
Revenue growth 5Y15.63%
Sales Q2Q%14.95%
3.2 Future
NIC is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.53% yearly.
NIC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.95% yearly.
EPS Next Y9.17%
EPS Next 2Y6.53%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year9.9%
Revenue Next 2Y6.95%
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 decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 14.84, the valuation of NIC can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of NIC indicates a slightly more expensive valuation: NIC is more expensive than 69.47% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.25, NIC is valued a bit cheaper.
The Price/Forward Earnings ratio is 14.19, which indicates a correct valuation of NIC.
Based on the Price/Forward Earnings ratio, NIC is valued a bit more expensive than 72.26% of the companies in the same industry.
NIC is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.80, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.84 | ||
| Fwd PE | 14.19 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as NIC.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.01 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.62
PEG (5Y)1.5
EPS Next 2Y6.53%
EPS Next 3YN/A
5. Dividend
5.1 Amount
NIC has a yearly dividend return of 0.85%, which is pretty low.
With a Dividend Yield of 0.85, NIC pays less dividend than the industry average, which is at 3.33. 83.97% of the companies listed in the same industry pay a better dividend than NIC!
Compared to an average S&P500 Dividend Yield of 2.34, NIC's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.85% |
5.2 History
The dividend of NIC is nicely growing with an annual growth rate of 86.72%!
NIC has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)86.72%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
NIC pays out 13.24% 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.
DP13.24%
EPS Next 2Y6.53%
EPS Next 3YN/A
129
-0.6 (-0.46%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners51.78%
Inst Owner ChangeN/A
Ins Owners11.58%
Ins Owner Change0.16%
Market Cap1.95B
Analysts73.33
Price Target137.29 (6.43%)
Short Float %2.59%
Short Ratio3.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.85% |
Yearly Dividend1.09
Dividend Growth(5Y)86.72%
DP13.24%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.77%
Min EPS beat(2)4.88%
Max EPS beat(2)8.66%
EPS beat(4)4
Avg EPS beat(4)9.9%
Min EPS beat(4)4.88%
Max EPS beat(4)14.38%
EPS beat(8)7
Avg EPS beat(8)6.55%
EPS beat(12)9
Avg EPS beat(12)4.72%
EPS beat(16)12
Avg EPS beat(16)1.3%
Revenue beat(2)1
Avg Revenue beat(2)8.24%
Min Revenue beat(2)-5.37%
Max Revenue beat(2)21.84%
Revenue beat(4)3
Avg Revenue beat(4)5.64%
Min Revenue beat(4)-5.37%
Max Revenue beat(4)21.84%
Revenue beat(8)5
Avg Revenue beat(8)1.7%
Revenue beat(12)8
Avg Revenue beat(12)2.59%
Revenue beat(16)12
Avg Revenue beat(16)13.25%
PT rev (1m)8.55%
PT rev (3m)8.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.52%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.53%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.84 | ||
| Fwd PE | 14.19 | ||
| P/S | 5.44 | ||
| P/FCF | 14.01 | ||
| P/OCF | 12.75 | ||
| P/B | 1.64 | ||
| P/tB | 2.48 | ||
| EV/EBITDA | N/A |
EPS(TTM)8.69
EY6.74%
EPS(NY)9.09
Fwd EY7.05%
FCF(TTM)9.21
FCFY7.14%
OCF(TTM)10.12
OCFY7.84%
SpS23.71
BVpS78.47
TBVpS52.04
PEG (NY)1.62
PEG (5Y)1.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.44% | ||
| ROE | 10.91% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 36.1% | ||
| GM | N/A | ||
| FCFM | 38.85% |
ROA(3y)1.07%
ROA(5y)1.06%
ROE(3y)8.73%
ROE(5y)8.83%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y9.56%
PM growth 5Y1.91%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 1.13 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 85.25% | ||
| Cap/Sales | 3.82% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 107.6% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score9
WACC8.61%
ROIC/WACCN/A
Cap/Depr(3y)84.02%
Cap/Depr(5y)89.02%
Cap/Sales(3y)5.12%
Cap/Sales(5y)5.34%
Profit Quality(3y)117.33%
Profit Quality(5y)121.03%
High Growth Momentum
Growth
EPS 1Y (TTM)16.96%
EPS 3Y13.35%
EPS 5Y9.93%
EPS Q2Q%21.87%
EPS Next Y9.17%
EPS Next 2Y6.53%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)10.31%
Revenue growth 3Y15.84%
Revenue growth 5Y15.63%
Sales Q2Q%14.95%
Revenue Next Year9.9%
Revenue Next 2Y6.95%
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 1Y45.89%
FCF growth 3Y11.35%
FCF growth 5Y16.9%
OCF growth 1Y37.42%
OCF growth 3Y11.04%
OCF growth 5Y18.15%