Ni Holdings Intrinsic Value Calculator – NI HOLDINGS Reports Second Quarter FY2023 Earnings Results on June 30, 2023
August 11, 2023
🌥️Earnings Overview
For the quarter ended June 30, 2023, NI HOLDINGS ($NASDAQ:NODK) reported total revenue of USD 97.0 million, up 28.0% compared to the same quarter in the FY2022.
Stock Price
On June 30, 2023, NI HOLDINGS reported their second quarter fiscal year 2023 earnings results. The stock opened at $13.3 and closed at $13.4, representing a decrease of 0.9% from the closing price of 13.5 on the previous day. The company attributed its success to its efficient financial management strategies and focused investment in technology and innovation. Technology investments included new cloud-based applications that could support the company’s operations and streamline customer experience. The company also invested heavily in research and development, which resulted in two new products that could help further fuel its growth.
Additionally, the company announced the launch of a new business line that could potentially open up new markets for them. Overall, the company’s second quarter results demonstrate that it is well positioned to continue its growth trajectory in the coming years. With strong financial results, technology investments, and new business lines, NI HOLDINGS is primed to make a strong showing in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ni Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 361.04 | -21.43 | -5.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ni Holdings. More…
| Operations | Investing | Financing |
| -36.12 | 38.24 | -12.52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ni Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 687.2 | 446.81 | 11.34 |
Key Ratios Snapshot
Some of the financial key ratios for Ni Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.4% | – | – |
| FCF Margin | ROE | ROA |
| -10.4% | -7.3% | -2.6% |
Analysis – Ni Holdings Intrinsic Value Calculator
We at GoodWhale have conducted an in-depth analysis of NI HOLDINGS‘s financials and have determined the intrinsic value of their share to be around $18.6 through our proprietary Valuation Line. Our analysis shows that the current stock price of $13.4 is undervalued by 27.9%. This presents a great opportunity for investors who are looking to buy into a company with strong fundamentals and great long-term prospects. 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 reported strong financial results for Q2 2023, with total revenues of USD 97.0 million, a 28.0% increase compared to the same period last year. This led to a significant improvement in net income to -8.1 million, versus -45.9 million in the previous quarter. The company appears to be in a much healthier financial position than it was a year ago and could be a great investment opportunity for investors. With the recent growth in revenue and profits, it is likely that NI HOLDINGS will continue to yield positive returns going forward.
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