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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. NICO Holdings's selling, general, & admin. expense for the
six
months ended in Dec. 2025 was MWK131,964 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was MWK131,964 Mil.
NICO Holdings (MSW:NICO) Selling, General, & Admin. Expense Explanation
An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.
Warren Buffett likes companies with consistent SGA as the percentage of gross profit.
Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.
If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.
NICO Holdings Selling, General, & Admin. Expense Related Terms
NICO Holdings Selling, General, & Admin. Expense Historical Data
* Premium members only.
The historical data trend for NICO Holdings's Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense Chart
NICO Holdings Annual Data
Trend
Dec20
Dec21
Dec22
Dec24
Dec25
Selling, General, & Admin. Expense
32,115.53
36,247.99
49,223.24
98,185.07
131,963.74
NICO Holdings Semi-Annual Data
Dec20
Dec21
Dec22
Dec24
Dec25
Selling, General, & Admin. Expense
32,115.53
36,247.99
49,223.24
98,185.07
131,963.74
MSW:NICO vs BRK.A, AIG, HIG: Selling, General, & Admin. Expense Comparison
For the Insurance - Diversified subindustry, NICO Holdings's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs Insurance Industry
For the Insurance industry and Financial Services sector, NICO Holdings's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where NICO Holdings's Selling, General, & Admin. Expense falls into.
NICO Holdings Selling, General, & Admin. Expense Calculation
Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.
For stock reported annually, GuruFocus uses latest annual data as the TTM data. Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Dec. 2025 was MWK131,964 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.
What does a Selling, General, & Admin. Expense of MWK131,964 Mil mean?
NICO Holdings (MSW:NICO) has a Selling, General, & Admin. Expense of MWK131,964 Mil as of Dec. 2025. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on NICO Holdings and its competitors.
Is NICO Holdings' Selling, General, & Admin. Expense too high?
NICO Holdings' current Selling, General, & Admin. Expense is MWK131,964 Mil. Overall, NICO Holdings has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NICO Holdings' Selling, General, & Admin. Expense compare to BRK.A and AIG?
NICO Holdings' Selling, General, & Admin. Expense of MWK131,964 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for an Insurance company?
A good Selling, General, & Admin. Expense depends on the Insurance industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on NICO Holdings and its competitors. NICO Holdings's current Selling, General, & Admin. Expense is MWK131,964 Mil. 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 Modestly Overvalued. The stock's GF Value™ is MWK1,260.71, compared to a current price of MWK1,495.92 — trading 18.7% above its estimated fair value. The current Selling, General, & Admin. Expense is MWK131,964 Mil. NICO Holdings' overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For NICO Holdings (MSW:NICO), the current Selling, General, & Admin. Expense is MWK131,964 Mil 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 MWK1,495.92 is trading 18.7% above its estimated GF Value™ of MWK1,260.71.
GuruFocus considers NICO Holdings to be Modestly Overvalued.
Key valuation signals for MSW:NICO:
Selling, General, & Admin. Expense: MWK131,964 Mil
GF Value™: MWK1,260.71 vs. price of MWK1,495.92 (18.7% 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.
77GF Score
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Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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