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NI HOLDINGS INC (NODK) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:NODK - US65342T1060 - Common Stock

13.54 USD
+0.02 (+0.15%)
Last: 11/26/2025, 8:00:01 PM
13.54 USD
0 (0%)
After Hours: 11/26/2025, 8:00:01 PM
Fundamental Rating

1

Overall NODK gets a fundamental rating of 1 out of 10. We evaluated NODK against 147 industry peers in the Insurance industry. NODK may be in some trouble as it scores bad on both profitability and health. NODK does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

NODK had positive earnings in the past year.
NODK had a negative operating cash flow in the past year.
In multiple years NODK reported negative net income over the last 5 years.
NODK had a positive operating cash flow in 4 of the past 5 years.
NODK Yearly Net Income VS EBIT VS OCF VS FCFNODK Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M -60M

1.2 Ratios

NODK has a Return On Assets of 0.48%. This is in the lower half of the industry: NODK underperforms 74.15% of its industry peers.
NODK has a Return On Equity of 1.06%. This is amonst the worse of the industry: NODK underperforms 83.67% of its industry peers.
The Return On Invested Capital of NODK (1.33%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA 0.48%
ROE 1.06%
ROIC 1.33%
ROA(3y)-3.54%
ROA(5y)-0.56%
ROE(3y)-8.61%
ROE(5y)-2.33%
ROIC(3y)N/A
ROIC(5y)N/A
NODK Yearly ROA, ROE, ROICNODK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20

1.3 Margins

Looking at the Profit Margin, with a value of 0.87%, NODK is doing worse than 84.35% of the companies in the same industry.
NODK has a Operating Margin of 2.88%. This is amonst the worse of the industry: NODK underperforms 84.35% of its industry peers.
NODK's Operating Margin has declined in the last couple of years.
Industry RankSector Rank
OM 2.88%
PM (TTM) 0.87%
GM N/A
OM growth 3Y-0.51%
OM growth 5Y-22.75%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
NODK Yearly Profit, Operating, Gross MarginsNODK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20

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2

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NODK is destroying value.
The number of shares outstanding for NODK has been increased compared to 1 year ago.
The number of shares outstanding for NODK has been reduced compared to 5 years ago.
Compared to 1 year ago, NODK has an improved debt to assets ratio.
NODK Yearly Shares OutstandingNODK Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
NODK Yearly Total Debt VS Total AssetsNODK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

A Debt/Equity ratio of 0.00 indicates that NODK is not too dependend on debt financing.
NODK has a better Debt to Equity ratio (0.00) than 91.16% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z N/A
ROIC/WACC0.15
WACC8.64%
NODK Yearly LT Debt VS Equity VS FCFNODK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
NODK Yearly Current Assets VS Current LiabilitesNODK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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2

3. Growth

3.1 Past

NODK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 126.82%, which is quite impressive.
The Revenue for NODK has decreased by -16.17% in the past year. This is quite bad
Measured over the past years, NODK shows a small growth in Revenue. The Revenue has been growing by 3.62% on average per year.
EPS 1Y (TTM)126.82%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%39%
Revenue 1Y (TTM)-16.17%
Revenue growth 3Y-0.05%
Revenue growth 5Y3.62%
Sales Q2Q%-12.24%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
NODK Yearly Revenue VS EstimatesNODK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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1

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 112.83, the valuation of NODK can be described as expensive.
Based on the Price/Earnings ratio, NODK is valued more expensive than 87.07% of the companies in the same industry.
NODK is valuated expensively when we compare the Price/Earnings ratio to 26.15, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 112.83
Fwd PE N/A
NODK Price Earnings VS Forward Price EarningsNODK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

NODK's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NODK is cheaper than 84.35% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 3.48
NODK Per share dataNODK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for NODK!.
Industry RankSector Rank
Dividend Yield N/A

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NI HOLDINGS INC

NASDAQ:NODK (11/26/2025, 8:00:01 PM)

After market: 13.54 0 (0%)

13.54

+0.02 (+0.15%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)11-05 2025-11-05
Earnings (Next)03-05 2026-03-05
Inst Owners24.69%
Inst Owner Change1.05%
Ins Owners6.33%
Ins Owner Change0%
Market Cap280.01M
Revenue(TTM)299.06M
Net Income(TTM)2.59M
Analysts0
Price TargetN/A
Short Float %0.64%
Short Ratio4.42
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 112.83
Fwd PE N/A
P/S 0.94
P/FCF N/A
P/OCF N/A
P/B 1.15
P/tB 1.15
EV/EBITDA 3.48
EPS(TTM)0.12
EY0.89%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.35
FCFYN/A
OCF(TTM)-0.33
OCFYN/A
SpS14.46
BVpS11.79
TBVpS11.78
PEG (NY)N/A
PEG (5Y)N/A
Graham Number5.64
Profitability
Industry RankSector Rank
ROA 0.48%
ROE 1.06%
ROCE 1.64%
ROIC 1.33%
ROICexc 1.39%
ROICexgc 1.5%
OM 2.88%
PM (TTM) 0.87%
GM N/A
FCFM N/A
ROA(3y)-3.54%
ROA(5y)-0.56%
ROE(3y)-8.61%
ROE(5y)-2.33%
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 3Y5.36%
ROICexgc growth 5Y-20.33%
ROICexc growth 3Y6.56%
ROICexc growth 5Y-20.75%
OM growth 3Y-0.51%
OM growth 5Y-22.75%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.55
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA 0
Cap/Depr 0.66%
Cap/Sales 0.14%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC8.64%
ROIC/WACC0.15
Cap/Depr(3y)1.35%
Cap/Depr(5y)1.21%
Cap/Sales(3y)0.28%
Cap/Sales(5y)0.25%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)126.82%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%39%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-16.17%
Revenue growth 3Y-0.05%
Revenue growth 5Y3.62%
Sales Q2Q%-12.24%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-6.43%
EBIT growth 3Y-0.56%
EBIT growth 5Y-19.95%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y26.01%
FCF growth 3Y-15.65%
FCF growth 5Y-6.86%
OCF growth 1Y21.41%
OCF growth 3Y-14.74%
OCF growth 5Y-6.77%

NI HOLDINGS INC / NODK FAQ

Can you provide the ChartMill fundamental rating for NI HOLDINGS INC?

ChartMill assigns a fundamental rating of 1 / 10 to NODK.


What is the valuation status for NODK stock?

ChartMill assigns a valuation rating of 1 / 10 to NI HOLDINGS INC (NODK). This can be considered as Overvalued.


How profitable is NI HOLDINGS INC (NODK) stock?

NI HOLDINGS INC (NODK) has a profitability rating of 1 / 10.


Can you provide the financial health for NODK stock?

The financial health rating of NI HOLDINGS INC (NODK) is 2 / 10.