Donegal Group, Inc. (DGICA) vs NI Holdings, Inc. (NODK)

Donegal Group, Inc. and NI Holdings, Inc. are both Insurance Property & Casualty companies. Donegal Group, Inc. is the larger, with a market value of $732.0M against $314.0M — 2.3× the size. Donegal Group, Inc. trades at the lower P/E: 9.7× against 41.1×. Donegal Group, Inc. grew revenue faster over the last twelve months: −3.40% against −13.9%. Donegal Group, Inc. has the higher net margin (7.25% vs 2.93%) and the higher return on invested capital (8.10% vs 3.54%). Across the 19 metrics below, Donegal Group, Inc. leads on 15 and NI Holdings, Inc. on 4.

Valuation

Metric DGICA NODK Insurance Property & Casualty median
P/E 9.65 41.09 12.17
P/S 0.73 1.21 1.26
P/B 1.06 1.29 1.85
Price to free cash flow 13.76 n/m 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 10.36% 2.43% 8.20%
Free cash flow yield 7.27% (9.99%) 11.86%

Profitability

Metric DGICA NODK Insurance Property & Casualty median
Gross margin 0.00% 37.39% 37.39%
Operating margin 9.01% 4.18% 14.67%
Net margin 7.25% 2.93% 10.16%
Free cash flow margin 5.34% (12.05%) 18.60%
Return on equity 10.73% 3.18% 16.59%
Return on assets 2.83% 1.35% 3.38%
Return on invested capital 8.10% 3.54% 9.43%

Growth

Metric DGICA NODK Insurance Property & Casualty median
Revenue growth (TTM) (3.40%) (13.85%) 5.70%
EPS growth (last fiscal year) 42.48% (72.41%) 39.61%
Revenue growth, 5-year CAGR 4.69% (1.43%) 9.23%
Net income growth, 5-year CAGR 8.48% 0.00% 10.09%

Health

Metric DGICA NODK Insurance Property & Casualty median
Debt to equity 0.05 0.00 0.25
Current ratio 0.37 1.00 0.49
Net debt to EBITDA 0.08 (1.06) 0.08

Dividend

Metric DGICA NODK Insurance Property & Casualty median
Dividend yield 4.02% — 1.56%
Payout ratio 0.39 — 0.15

Size

Metric DGICA NODK Insurance Property & Casualty median
Market cap 731.97m 314.03m 2.64b

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