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The historical rank and industry rank for NICO Holdings's Net Cash per Share or its related term are showing as below:
MSW:NICO's Price-to-Net-Cash is not ranked *
in the Insurance industry.
Industry Median: 6.2 * Ranked among companies with meaningful Price-to-Net-Cash only.
NICO Holdings (MSW:NICO) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
NICO Holdings Net Cash per Share Related Terms
NICO Holdings Net Cash per Share Historical Data
* Premium members only.
The historical data trend for NICO Holdings's Net Cash per Share 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 Net Cash per Share Chart
NICO Holdings Annual Data
Trend
Dec20
Dec21
Dec22
Dec24
Dec25
Net Cash per Share
0.00
-670.31
-777.63
-1,735.33
-3,121.95
NICO Holdings Semi-Annual Data
Dec20
Dec21
Dec22
Dec24
Dec25
Net Cash per Share
0.00
-670.31
-777.63
-1,735.33
-3,121.95
MSW:NICO vs BRK.A, AIG, HIG: Net Cash per Share Comparison
For the Insurance - Diversified subindustry, NICO Holdings's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Insurance Industry
For the Insurance industry and Financial Services sector, NICO Holdings's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where NICO Holdings's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
NICO Holdings's Net Cash per Share for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
What does a Net Cash per Share of MWK-3,121.95 mean?
NICO Holdings (MSW:NICO) has a Net Cash per Share of MWK-3,121.95 as of Dec. 2025. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on NICO Holdings and its competitors. According to the industry distribution chart, NICO Holdings ranks #999999 out of 46 companies in the Insurance industry.
Is NICO Holdings' Net Cash per Share too high?
NICO Holdings' current Net Cash per Share is MWK-3,121.95. Based on the distribution chart, NICO Holdings ranks #999999 out of 46 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, NICO Holdings has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NICO Holdings' Net Cash per Share compare to BRK.A and AIG?
According to the Insurance industry distribution chart, NICO Holdings ranks #999999 out of 46 companies for Net Cash per Share. This places NICO Holdings in the lower half of its industry. The industry median Net Cash per Share is 6.20. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for an Insurance company?
The median Net Cash per Share among Insurance companies is 6.20, based on 46 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share 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 Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on NICO Holdings and its competitors. For the Insurance industry, the median Net Cash per Share is 6.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NICO Holdings's current Net Cash per Share is MWK-3,121.95. 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 Fairly Valued. The stock's GF Value™ is MWK1,285.65, compared to a current price of MWK1,343.31 — trading 4.5% above its estimated fair value. The current Net Cash per Share is MWK-3,121.95. NICO Holdings' overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For NICO Holdings (MSW:NICO), the current Net Cash per Share is MWK-3,121.95 as of Dec. 2025. 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 MWK1,343.31 is trading 4.5% above its estimated GF Value™ of MWK1,285.65.
GuruFocus considers NICO Holdings to be Fairly Valued.
Key valuation signals for MSW:NICO:
Net Cash per Share: MWK-3,121.95
GF Value™: MWK1,285.65 vs. price of MWK1,343.31 (4.5% 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.
79GF Score
Get the complete analysis for MSW:NICO
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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