NICOLET BANKSHARES INC (NIC)
US65406E1029 - Common Stock
Overall NIC gets a fundamental rating of 4 out of 10. We evaluated NIC against 402 industry peers in the Banks industry. While NIC is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, NIC is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year NIC was profitable.
NIC had a positive operating cash flow in the past year.
Each year in the past 5 years NIC has been profitable.
NIC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of NIC (1.23%) is better than 81.84% of its industry peers.
NIC's Return On Equity of 9.61% is fine compared to the rest of the industry. NIC outperforms 62.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.23% | ||
| ROE | 9.61% | ||
| ROIC | N/A |
ROA(3y)0.86%
ROA(5y)1.09%
ROE(3y)7.47%
ROE(5y)8.83%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
NIC's Profit Margin of 31.41% is amongst the best of the industry. NIC outperforms 86.32% of its industry peers.
NIC's Profit Margin has declined in the last couple of years.
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) | 31.41% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-10.88%
PM growth 5Y-4.61%
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.
NIC has more shares outstanding than it did 5 years ago.
NIC has a better debt/assets ratio than last year.
2.2 Solvency
NIC has a debt to FCF ratio of 1.45. This is a very positive value and a sign of high solvency as it would only need 1.45 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 1.45, NIC is doing good in the industry, outperforming 69.65% of the companies in the same industry.
A Debt/Equity ratio of 0.14 indicates that NIC is not too dependend on debt financing.
NIC's Debt to Equity ratio of 0.14 is fine compared to the rest of the industry. NIC outperforms 66.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 1.45 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC7.39%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
NIC shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.24%.
The Earnings Per Share has been growing by 11.84% on average over the past years. This is quite good.
The Revenue has grown by 23.81% in the past year. This is a very strong growth!
Measured over the past years, NIC shows a quite strong growth in Revenue. The Revenue has been growing by 13.69% on average per year.
EPS 1Y (TTM)5.24%
EPS 3Y8.02%
EPS 5Y11.84%
EPS Q2Q%27.15%
Revenue 1Y (TTM)23.81%
Revenue growth 3Y13.08%
Revenue growth 5Y13.69%
Sales Q2Q%10.68%
3.2 Future
NIC is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.99% yearly.
The Revenue is expected to grow by 6.32% on average over the next years.
EPS Next Y4.47%
EPS Next 2Y2.99%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.37%
Revenue Next 2Y6.32%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 13.11 indicates a correct valuation of NIC.
NIC's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 30.52. NIC is valued rather cheaply when compared to this.
NIC is valuated correctly with a Price/Forward Earnings ratio of 12.73.
61.44% of the companies in the same industry are cheaper than NIC, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of NIC to the average of the S&P500 Index (21.99), we can say NIC is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.11 | ||
| Fwd PE | 12.73 |
4.2 Price Multiples
NIC's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. NIC is more expensive than 60.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.53 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NIC does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.93
PEG (5Y)1.11
EPS Next 2Y2.99%
EPS Next 3YN/A
5. Dividend
5.1 Amount
NIC has a Yearly Dividend Yield of 1.13%. Purely for dividend investing, there may be better candidates out there.
With a Dividend Yield of 1.13, NIC pays less dividend than the industry average, which is at 3.41. 82.09% of the companies listed in the same industry pay a better dividend than NIC!
Compared to an average S&P500 Dividend Yield of 2.26, NIC's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
5.2 History
On average, the dividend of NIC grows each year by 73.21%, which is quite nice.
NIC does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)73.21%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
14.66% of the earnings are spent on dividend by NIC. This is a low number and sustainable payout ratio.
NIC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP14.66%
EPS Next 2Y2.99%
EPS Next 3YN/A
NICOLET BANKSHARES INC
NYSE:NIC (9/16/2024, 2:45:05 PM)
97.38
+1.08 (+1.12%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.47B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.11 | ||
| Fwd PE | 12.73 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)2.93
PEG (5Y)1.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.23% | ||
| ROE | 9.61% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 31.41% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)5.24%
EPS 3Y8.02%
EPS 5Y
EPS Q2Q%
EPS Next Y4.47%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)23.81%
Revenue growth 3Y13.08%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y