NATIONAL RESEARCH CORP (NRC) Fundamental Analysis & Valuation

NASDAQ:NRC • US6373722023

Current stock price

17.73 USD
+0.33 (+1.9%)
At close:
17.73 USD
0 (0%)
After Hours:

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

8

1. NRC Profitability Analysis

1.1 Basic Checks

  • NRC had positive earnings in the past year.
  • In the past year NRC had a positive cash flow from operations.
  • Each year in the past 5 years NRC has been profitable.
  • Each year in the past 5 years NRC had a positive operating cash flow.
NRC Yearly Net Income VS EBIT VS OCF VS FCFNRC 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 20M 40M 60M

1.2 Ratios

  • NRC has a Return On Assets of 8.60%. This is amongst the best in the industry. NRC outperforms 92.08% of its industry peers.
  • The Return On Equity of NRC (82.92%) is better than 98.02% of its industry peers.
  • With an excellent Return On Invested Capital value of 16.19%, NRC belongs to the best of the industry, outperforming 93.07% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for NRC is significantly above the industry average of 8.92%.
  • The last Return On Invested Capital (16.19%) for NRC is well below the 3 year average (24.89%), which needs to be investigated, but indicates that NRC had better years and this may not be a problem.
Industry RankSector Rank
ROA 8.6%
ROE 82.92%
ROIC 16.19%
ROA(3y)17.53%
ROA(5y)20.14%
ROE(3y)75.13%
ROE(5y)62.68%
ROIC(3y)24.89%
ROIC(5y)29.78%
NRC Yearly ROA, ROE, ROICNRC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50 100 150

1.3 Margins

  • NRC has a better Profit Margin (8.44%) than 89.11% of its industry peers.
  • In the last couple of years the Profit Margin of NRC has declined.
  • NRC's Operating Margin of 16.44% is amongst the best of the industry. NRC outperforms 95.05% of its industry peers.
  • In the last couple of years the Operating Margin of NRC has declined.
  • NRC has a better Gross Margin (61.88%) than 81.19% of its industry peers.
  • In the last couple of years the Gross Margin of NRC has remained more or less at the same level.
Industry RankSector Rank
OM 16.44%
PM (TTM) 8.44%
GM 61.88%
OM growth 3Y-25.59%
OM growth 5Y-12.28%
PM growth 3Y-26.17%
PM growth 5Y-21.27%
GM growth 3Y-0.24%
GM growth 5Y-0.39%
NRC Yearly Profit, Operating, Gross MarginsNRC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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4

2. NRC Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), NRC is creating value.
  • Compared to 1 year ago, NRC has less shares outstanding
  • Compared to 5 years ago, NRC has less shares outstanding
  • The debt/assets ratio for NRC is higher compared to a year ago.
NRC Yearly Shares OutstandingNRC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M 25M
NRC Yearly Total Debt VS Total AssetsNRC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

2.2 Solvency

  • NRC has an Altman-Z score of 3.20. This indicates that NRC is financially healthy and has little risk of bankruptcy at the moment.
  • NRC has a Altman-Z score of 3.20. This is in the better half of the industry: NRC outperforms 69.31% of its industry peers.
  • The Debt to FCF ratio of NRC is 5.02, which is a neutral value as it means it would take NRC, 5.02 years of fcf income to pay off all of its debts.
  • NRC's Debt to FCF ratio of 5.02 is fine compared to the rest of the industry. NRC outperforms 62.38% of its industry peers.
  • NRC has a Debt/Equity ratio of 5.36. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of NRC (5.36) is worse than 79.21% of its industry peers.
Industry RankSector Rank
Debt/Equity 5.36
Debt/FCF 5.02
Altman-Z 3.2
ROIC/WACC2
WACC8.1%
NRC Yearly LT Debt VS Equity VS FCFNRC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M

2.3 Liquidity

  • NRC has a Current Ratio of 0.55. This is a bad value and indicates that NRC is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.55, NRC is not doing good in the industry: 87.13% of the companies in the same industry are doing better.
  • NRC has a Quick Ratio of 0.55. This is a bad value and indicates that NRC is not financially healthy enough and could expect problems in meeting its short term obligations.
  • NRC has a worse Quick ratio (0.55) than 83.17% of its industry peers.
Industry RankSector Rank
Current Ratio 0.55
Quick Ratio 0.55
NRC Yearly Current Assets VS Current LiabilitesNRC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M

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1

3. NRC Growth Analysis

3.1 Past

  • NRC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -50.56%.
  • The Earnings Per Share has been growing slightly by 3.24% on average over the past years.
  • Looking at the last year, NRC shows a decrease in Revenue. The Revenue has decreased by -3.96% in the last year.
  • The Revenue has been growing slightly by 4.42% on average over the past years.
EPS 1Y (TTM)-50.56%
EPS 3Y-4.7%
EPS 5Y3.24%
EPS Q2Q%-70.57%
Revenue 1Y (TTM)-3.96%
Revenue growth 3Y3.68%
Revenue growth 5Y4.42%
Sales Q2Q%-4.65%

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.
NRC Yearly Revenue VS EstimatesNRC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
NRC Yearly EPS VS EstimatesNRC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2023 0.2 0.4 0.6 0.8 1

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3

4. NRC Valuation Analysis

4.1 Price/Earnings Ratio

  • NRC is valuated correctly with a Price/Earnings ratio of 14.18.
  • Based on the Price/Earnings ratio, NRC is valued cheaper than 84.16% of the companies in the same industry.
  • NRC is valuated rather cheaply when we compare the Price/Earnings ratio to 25.96, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 14.18
Fwd PE N/A
NRC Price Earnings VS Forward Price EarningsNRC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

  • NRC's Enterprise Value to EBITDA is on the same level as the industry average.
  • NRC's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 25.5
EV/EBITDA 15.52
NRC Per share dataNRC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 6

4.3 Compensation for Growth

  • NRC has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)4.38
EPS Next 2YN/A
EPS Next 3YN/A

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5

5. NRC Dividend Analysis

5.1 Amount

  • NRC has a Yearly Dividend Yield of 3.88%. Purely for dividend investing, there may be better candidates out there.
  • NRC's Dividend Yield is rather good when compared to the industry average which is at 0.50. NRC pays more dividend than 99.01% of the companies in the same industry.
  • NRC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 3.88%

5.2 History

  • The dividend of NRC has a limited annual growth rate of 2.80%.
  • NRC has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)2.8%
Div Incr Years0
Div Non Decr Years0
NRC Yearly Dividends per shareNRC Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1

5.3 Sustainability

  • NRC pays out 94.64% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of NRC is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP94.64%
EPS Next 2YN/A
EPS Next 3YN/A
NRC Yearly Income VS Free CF VS DividendNRC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
NRC Dividend Payout.NRC Dividend Payout, showing the Payout Ratio.NRC Dividend Payout.PayoutRetained Earnings

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NRC Fundamentals: All Metrics, Ratios and Statistics

NATIONAL RESEARCH CORP

NASDAQ:NRC (3/17/2026, 4:10:09 PM)

After market: 17.73 0 (0%)

17.73

+0.33 (+1.9%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)02-03
Earnings (Next)04-27
Inst Owners48.29%
Inst Owner Change-2.61%
Ins Owners10.84%
Ins Owner Change3.57%
Market Cap401.41M
Revenue(TTM)137.39M
Net Income(TTM)11.60M
Analysts45
Price TargetN/A
Short Float %3.86%
Short Ratio4.08
Dividend
Industry RankSector Rank
Dividend Yield 3.88%
Yearly Dividend0.48
Dividend Growth(5Y)2.8%
DP94.64%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-27
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 14.18
Fwd PE N/A
P/S 2.92
P/FCF 25.5
P/OCF 15.18
P/B 28.69
P/tB N/A
EV/EBITDA 15.52
EPS(TTM)1.25
EY7.05%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.7
FCFY3.92%
OCF(TTM)1.17
OCFY6.59%
SpS6.07
BVpS0.62
TBVpS-2.3
PEG (NY)N/A
PEG (5Y)4.38
Graham Number4.17
Profitability
Industry RankSector Rank
ROA 8.6%
ROE 82.92%
ROCE 22.99%
ROIC 16.19%
ROICexc 16.9%
ROICexgc 56.88%
OM 16.44%
PM (TTM) 8.44%
GM 61.88%
FCFM 11.46%
ROA(3y)17.53%
ROA(5y)20.14%
ROE(3y)75.13%
ROE(5y)62.68%
ROIC(3y)24.89%
ROIC(5y)29.78%
ROICexc(3y)26.43%
ROICexc(5y)39.02%
ROICexgc(3y)111.05%
ROICexgc(5y)N/A
ROCE(3y)35.35%
ROCE(5y)42.3%
ROICexgc growth 3Y-50.84%
ROICexgc growth 5Y-30.78%
ROICexc growth 3Y-34.11%
ROICexc growth 5Y-17.55%
OM growth 3Y-25.59%
OM growth 5Y-12.28%
PM growth 3Y-26.17%
PM growth 5Y-21.27%
GM growth 3Y-0.24%
GM growth 5Y-0.39%
F-Score6
Asset Turnover1.02
Health
Industry RankSector Rank
Debt/Equity 5.36
Debt/FCF 5.02
Debt/EBITDA 2.48
Cap/Depr 140.43%
Cap/Sales 7.79%
Interest Coverage 250
Cash Conversion 87.54%
Profit Quality 135.72%
Current Ratio 0.55
Quick Ratio 0.55
Altman-Z 3.2
F-Score6
WACC8.1%
ROIC/WACC2
Cap/Depr(3y)221.48%
Cap/Depr(5y)187.46%
Cap/Sales(3y)9.74%
Cap/Sales(5y)7.88%
Profit Quality(3y)95.08%
Profit Quality(5y)95.51%
High Growth Momentum
Growth
EPS 1Y (TTM)-50.56%
EPS 3Y-4.7%
EPS 5Y3.24%
EPS Q2Q%-70.57%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-3.96%
Revenue growth 3Y3.68%
Revenue growth 5Y4.42%
Sales Q2Q%-4.65%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-36.69%
EBIT growth 3Y-27.99%
EBIT growth 5Y-11.75%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-17.9%
FCF growth 3Y-15.86%
FCF growth 5Y-15.55%
OCF growth 1Y-23.61%
OCF growth 3Y-9.99%
OCF growth 5Y-8.23%

NATIONAL RESEARCH CORP / NRC Fundamental Analysis FAQ

What is the ChartMill fundamental rating of NATIONAL RESEARCH CORP (NRC) stock?

ChartMill assigns a fundamental rating of 4 / 10 to NRC.


Can you provide the valuation status for NATIONAL RESEARCH CORP?

ChartMill assigns a valuation rating of 3 / 10 to NATIONAL RESEARCH CORP (NRC). This can be considered as Overvalued.


What is the profitability of NRC stock?

NATIONAL RESEARCH CORP (NRC) has a profitability rating of 8 / 10.


What are the PE and PB ratios of NATIONAL RESEARCH CORP (NRC) stock?

The Price/Earnings (PE) ratio for NATIONAL RESEARCH CORP (NRC) is 14.18 and the Price/Book (PB) ratio is 28.69.


Can you provide the financial health for NRC stock?

The financial health rating of NATIONAL RESEARCH CORP (NRC) is 4 / 10.