Ni Holdings Intrinsic Value Calculation – NI HOLDINGS Reports Q3 FY2023 Earnings Results on November 7, 2023

🌥️Earnings Overview

For the third quarter of FY2023, NI HOLDINGS ($NASDAQ:NODK) released their financial results on November 7, 2023. Revenue for the quarter was USD 92.8 million, a rise of 4.0% compared to the same period the previous year. Net income showed an impressive growth of 102.3%, with the total being USD 0.23 million.

Share Price

On Tuesday, November 7, 2023, NI HOLDINGS reported their financial results for the third quarter of FY2023. The company’s stock opened at $12.5 and closed at $12.6, an increase of 1.1% from the prior closing price of $12.5. The company’s strong financial results were attributed to a combination of higher sales, cost reductions, and improved operational efficiency.

In addition, NI HOLDINGS was able to capitalize on their investments in new products and services, which contributed to the growth in revenue and overall profitability. The leadership at NI HOLDINGS expressed optimism about their future prospects and stated that they are well-positioned to continue to achieve growth in the coming quarters. Furthermore, the company reiterated its commitment to delivering value to its shareholders through a combination of dividends, share repurchases, and capital investments. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Ni Holdings. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Ni Holdings. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Ni Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Ni Holdings are shown below. More…

Analysis – Ni Holdings Intrinsic Value Calculation

At GoodWhale, we conducted an analysis of NI HOLDINGS financials. After our process, our proprietary Valuation Line indicated that the fair value of NI HOLDINGS share is around $18.4. However, the stock is currently trading at $12.6, which is significantly undervalued and represents a 31.4% discount from its fair value. As such, we believe that NI HOLDINGS offers great potential for capital appreciation in the medium to long-term. More…

Peers

It operates through the following segments: Life Insurance, Property and Casualty Insurance, and Corporate. The Life Insurance segment offers whole life, term life, universal life, and annuity products. The Property and Casualty Insurance segment provides personal and commercial insurance products. The Corporate segment comprises of intercompany activities. The company was founded on November 5, 2015 and is headquartered in Bangkok, Thailand.

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Summary

NI HOLDINGS recently reported strong third quarter earnings, with total revenue increasing by 4.0% year-over-year and net income increasing by 102.3%. This is an encouraging sign for investors, as it shows that the company is continuing to grow and generate positive returns. With the strong financial performance, NI HOLDINGS has solidified itself as a reliable choice for investors who are looking to diversify their portfolio. Further, the company is well-positioned to continue to be successful in the long run and can provide investors with a stable and rewarding return on investment.