EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, NICO Holdings's Enterprise Value is MWK1,683,162 Mil.
NICO Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was MWK-69,246 Mil. Therefore, NICO Holdings's EV-to-FCF for today is -24.31.
The historical rank and industry rank for NICO Holdings's EV-to-FCF or its related term are showing as below:
MSW:NICO'
s EV-to-FCF Range Over the Past 10 Years
Min: -123.56 Med: 0.59 Max: 38.87
Current: -24.31
During the past 5 years, the highest EV-to-FCF of NICO Holdings was 38.87. The lowest was -123.56. And the median was 0.59.
MSW:NICO's EV-to-FCF is ranked worse than 100% of 395
companies
in the Insurance industry
Industry Median: 9.32
vs MSW:NICO: -24.31
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
NICO Holdings's PE Ratio (TTM) for today is calculated as:
NICO Holdings's share price for today is MWK1593.97.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. NICO Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was MWK160.900.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
NICO Holdings EV-to-FCF Related Terms
NICO Holdings EV-to-FCF Historical Data
* Premium members only.
The historical data trend for NICO Holdings's EV-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NICO Holdings EV-to-FCF Chart
NICO Holdings Annual Data
Trend
Dec20
Dec21
Dec22
Dec24
Dec25
EV-to-FCF
0.92
0.70
-17.53
9.36
-26.45
NICO Holdings Semi-Annual Data
Dec20
Dec21
Dec22
Dec24
Dec25
EV-to-FCF
0.00
0.70
-17.53
9.36
-26.45
MSW:NICO vs BRK.A, AIG, HIG: EV-to-FCF Comparison
For the Insurance - Diversified subindustry, NICO Holdings's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NICO Holdings EV-to-FCF vs Insurance Industry
For the Insurance industry and Financial Services sector, NICO Holdings's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where NICO Holdings's EV-to-FCF falls into.
NICO Holdings's current Enterprise Value is MWK1,683,162 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. NICO Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was MWK-69,246 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NICO Holdings (MSW:NICO) has a EV-to-FCF of -24.31 as of Jun. 28, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on NICO Holdings and its competitors. According to the industry distribution chart, NICO Holdings ranks #999999 out of 395 companies in the Insurance industry.
Is NICO Holdings' EV-to-FCF too high?
NICO Holdings' current EV-to-FCF is -24.31. Based on the distribution chart, NICO Holdings ranks #999999 out of 395 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, NICO Holdings has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NICO Holdings' EV-to-FCF compare to BRK.A and AIG?
According to the Insurance industry distribution chart, NICO Holdings ranks #999999 out of 395 companies for EV-to-FCF. This places NICO Holdings in the lower half of its industry. The industry median EV-to-FCF is 9.32. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Insurance company?
The median EV-to-FCF among Insurance companies is 9.32, based on 395 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on NICO Holdings and its competitors. For the Insurance industry, the median EV-to-FCF is 9.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NICO Holdings's current EV-to-FCF is -24.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NICO Holdings stock overvalued right now?
Based on GuruFocus' analysis, NICO Holdings (MSW:NICO) is currently considered Significantly Overvalued. The stock's GF Value™ is MWK728.99, compared to a current price of MWK1,593.97 — trading 118.7% above its estimated fair value. The current EV-to-FCF is -24.31. NICO Holdings' overall GF Score™ is 57/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For NICO Holdings (MSW:NICO), the current EV-to-FCF is -24.31 as of Jun. 28, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NICO Holdings (MSW:NICO) Overvalued in 2026?
Based on GuruFocus' analysis, NICO Holdings stock appears to be overvalued.
The current stock price of MWK1,593.97 is trading 118.7% above its estimated GF Value™ of MWK728.99.
GuruFocus considers NICO Holdings to be Significantly Overvalued.
Key valuation signals for MSW:NICO:
EV-to-FCF: -24.31
GF Value™: MWK728.99 vs. price of MWK1,593.97 (118.7% above fair value)
No single metric tells the full story. See the MSW:NICO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NICO Holdings PLC is a Malawi-based financial service company that operates in diversified business. Its segments include Life Insurance and Pension, General Insurance business, Banking business, Investment Holding, Asset Management, and Information Technology. Its general insurance segment offers personal and commercial insurance covering motor vehicle, building, road construction, liability, engineering, professional indemnity, marine hull & cargo, fire, and personal accidents throughout Malawi, Zambia, Tanzania, and Uganda. In contrast, life insurance and pension products including Endowment Assurance are offered in Malawi and Mozambique. The majority of the revenue is earned from the Insurance sector. while its Asset Management and Banking segments only operate in Malawi.
57GF Score
Get the complete analysis for MSW:NICO
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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