Donegal Group, Inc. (DGICB) 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 $446.3M against $300.6M — 1.5× the size. Donegal Group, Inc. trades at the lower P/E: 10.2× against 39.3×. Donegal Group, Inc. grew revenue faster over the last twelve months: −3.14% against −13.9%. Donegal Group, Inc. has the higher net margin (7.38% vs 2.93%) and the higher return on invested capital (8.21% vs 3.54%). Across the 21 metrics below, Donegal Group, Inc. leads on 16 and NI Holdings, Inc. on 5.

Valuation

Metric DGICB NODK Insurance Property & Casualty median
P/E 10.22 39.26 10.29
P/S 0.70 1.15 1.17
P/B 1.01 1.24 1.83
Price to free cash flow 11.55 n/m 7.48
EV/EBITDA 7.49 4.03 7.49
EV/Sales 0.71 0.96 1.13
Earnings yield 9.78% 2.55% 9.50%
Free cash flow yield 8.66% (10.46%) 13.29%

Profitability

Metric DGICB NODK Insurance Property & Casualty median
Gross margin 24.57% 37.39% 41.16%
Operating margin 9.25% 4.18% 15.09%
Net margin 7.38% 2.93% 11.51%
Free cash flow margin 6.06% (12.05%) 17.59%
Return on equity 11.18% 3.18% 18.19%
Return on assets 2.91% 1.35% 3.74%
Return on invested capital 8.21% 3.54% 12.06%

Growth

Metric DGICB NODK Insurance Property & Casualty median
Revenue growth (TTM) (3.14%) (13.85%) 8.69%
EPS growth (last fiscal year) 45.65% (72.41%) —
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 DGICB NODK Insurance Property & Casualty median
Debt to equity 0.05 0.00 0.25
Current ratio 0.37 1.00 0.42
Net debt to EBITDA 0.08 (1.06) 0.08

Dividend

Metric DGICB NODK Insurance Property & Casualty median
Dividend yield 4.42% — 2.79%
Payout ratio 5.75 0.00 0.27

Size

Metric DGICB NODK Insurance Property & Casualty median
Market cap 446.25m 300.56m 2.44b

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