NATIONAL RESEARCH CORP (NRC) Fundamental Analysis & Valuation

NASDAQ:NRC • US6373722023

Current stock price

17.21 USD
-0.13 (-0.75%)
Last:

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.
  • In the past 5 years NRC has always been profitable.
  • In the past 5 years NRC always reported a positive cash flow from operatings.
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 better Return On Assets (8.37%) than 92.00% of its industry peers.
  • The Return On Equity of NRC (80.72%) is better than 98.00% of its industry peers.
  • NRC has a better Return On Invested Capital (21.20%) than 96.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for NRC is significantly above the industry average of 8.74%.
  • The last Return On Invested Capital (21.20%) for NRC is well below the 3 year average (26.56%), which needs to be investigated, but indicates that NRC had better years and this may not be a problem.
Industry RankSector Rank
ROA 8.37%
ROE 80.72%
ROIC 21.2%
ROA(3y)17.45%
ROA(5y)20.09%
ROE(3y)74.39%
ROE(5y)62.24%
ROIC(3y)26.56%
ROIC(5y)30.78%
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 Profit Margin of 8.22%. This is amongst the best in the industry. NRC outperforms 89.00% of its industry peers.
  • NRC's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 21.54%, NRC belongs to the top of the industry, outperforming 97.00% of the companies in the same industry.
  • In the last couple of years the Operating Margin of NRC has declined.
  • NRC has a Gross Margin of 61.88%. This is amongst the best in the industry. NRC outperforms 82.00% of its industry peers.
  • NRC's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 21.54%
PM (TTM) 8.22%
GM 61.88%
OM growth 3Y-18.58%
OM growth 5Y-7.41%
PM growth 3Y-26.82%
PM growth 5Y-21.69%
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

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so NRC is creating value.
  • Compared to 1 year ago, NRC has less shares outstanding
  • The number of shares outstanding for NRC has been reduced compared to 5 years ago.
  • 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 3.38. This indicates that NRC is financially healthy and has little risk of bankruptcy at the moment.
  • NRC has a Altman-Z score of 3.38. This is in the better half of the industry: NRC outperforms 70.00% 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.
  • Looking at the Debt to FCF ratio, with a value of 5.02, NRC is in line with its industry, outperforming 60.00% of the companies in the same industry.
  • A Debt/Equity ratio of 5.36 is on the high side and indicates that NRC has dependencies on debt financing.
  • NRC has a worse Debt to Equity ratio (5.36) than 80.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 5.36
Debt/FCF 5.02
Altman-Z 3.38
ROIC/WACC2.54
WACC8.36%
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.
  • NRC has a Current ratio of 0.55. This is amonst the worse of the industry: NRC underperforms 87.00% of its industry peers.
  • A Quick Ratio of 0.55 indicates that NRC may have some problems paying its short term obligations.
  • The Quick ratio of NRC (0.55) is worse than 83.00% 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 -51.91%.
  • NRC shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.24% yearly.
  • The Revenue has decreased by -3.96% in the past year.
  • Measured over the past years, NRC shows a small growth in Revenue. The Revenue has been growing by 4.42% on average per year.
EPS 1Y (TTM)-51.91%
EPS 3Y-4.7%
EPS 5Y3.24%
EPS Q2Q%-75.61%
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

  • With a Price/Earnings ratio of 13.77, NRC is valued correctly.
  • NRC's Price/Earnings ratio is rather cheap when compared to the industry. NRC is cheaper than 83.00% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 25.51. NRC is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 13.77
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 ratio is in line with the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of NRC is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 24.87
EV/EBITDA 12.61
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)4.25
EPS Next 2YN/A
EPS Next 3YN/A

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5

5. NRC Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.65%, NRC has a reasonable but not impressive dividend return.
  • NRC's Dividend Yield is rather good when compared to the industry average which is at 0.50. NRC pays more dividend than 97.00% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, NRC pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.65%

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

  • 97.21% of the earnings are spent on dividend by NRC. This is not a sustainable payout ratio.
  • NRC's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP97.21%
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 (4/2/2026, 11:06:06 AM)

17.21

-0.13 (-0.75%)

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 Change1.04%
Market Cap391.53M
Revenue(TTM)137.39M
Net Income(TTM)11.29M
Analysts45
Price TargetN/A
Short Float %3.68%
Short Ratio3.69
Dividend
Industry RankSector Rank
Dividend Yield 3.65%
Yearly Dividend0.48
Dividend Growth(5Y)2.8%
DP97.21%
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 13.77
Fwd PE N/A
P/S 2.85
P/FCF 24.87
P/OCF 14.8
P/B 27.99
P/tB N/A
EV/EBITDA 12.61
EPS(TTM)1.25
EY7.26%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.69
FCFY4.02%
OCF(TTM)1.16
OCFY6.76%
SpS6.04
BVpS0.61
TBVpS-2.39
PEG (NY)N/A
PEG (5Y)4.25
Graham Number4.16
Profitability
Industry RankSector Rank
ROA 8.37%
ROE 80.72%
ROCE 30.12%
ROIC 21.2%
ROICexc 22.14%
ROICexgc 80.94%
OM 21.54%
PM (TTM) 8.22%
GM 61.88%
FCFM 11.46%
ROA(3y)17.45%
ROA(5y)20.09%
ROE(3y)74.39%
ROE(5y)62.24%
ROIC(3y)26.56%
ROIC(5y)30.78%
ROICexc(3y)28.18%
ROICexc(5y)40.07%
ROICexgc(3y)119.07%
ROICexgc(5y)N/A
ROCE(3y)37.73%
ROCE(5y)43.72%
ROICexgc growth 3Y-44.7%
ROICexgc growth 5Y-25.72%
ROICexc growth 3Y-27.91%
ROICexc growth 5Y-12.97%
OM growth 3Y-18.58%
OM growth 5Y-7.41%
PM growth 3Y-26.82%
PM growth 5Y-21.69%
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 2.02
Cap/Depr 140.43%
Cap/Sales 7.79%
Interest Coverage 6.6
Cash Conversion 71.07%
Profit Quality 139.41%
Current Ratio 0.55
Quick Ratio 0.55
Altman-Z 3.38
F-Score6
WACC8.36%
ROIC/WACC2.54
Cap/Depr(3y)221.48%
Cap/Depr(5y)187.46%
Cap/Sales(3y)9.74%
Cap/Sales(5y)7.88%
Profit Quality(3y)96.31%
Profit Quality(5y)96.25%
High Growth Momentum
Growth
EPS 1Y (TTM)-51.91%
EPS 3Y-4.7%
EPS 5Y3.24%
EPS Q2Q%-75.61%
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-17.08%
EBIT growth 3Y-21.21%
EBIT growth 5Y-6.85%
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.


How profitable is NATIONAL RESEARCH CORP (NRC) stock?

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


Can you provide the dividend sustainability for NRC stock?

The dividend rating of NATIONAL RESEARCH CORP (NRC) is 5 / 10 and the dividend payout ratio is 97.21%.