National Western Life Group, Inc. - NWLI

NWLI Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
NWLI	0	0	0.1	2.1	3.3	12.9	113.2	95.3	111.9	18910.6
S&P 500	-0.6	-0.5	1.5	9.1	13.4	32.3	27.0	92.1	191.7	33587.3

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	NWLI
name	National Western Life Group, Inc.
price	499.98
changes percentage	0.0761
change	0.38
day low	499.57
day high	499.99
year high	499.99
year low	403.17
market cap	1817937280
price avg 50	491.4328
price avg 200	482.305
exchange	NASDAQ
volume	98761
avg volume	24814
open	499.695
previous close	499.6
eps	44.05
pe	11.350284
earnings announcement	2024-08-06T10:59:00.000+0000
shares outstanding	3636020
timestamp	2024-07-08 20:00:00

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 47.0%

Overall Quarterly Financial Health: 57.3%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001635984
revenue	698234000	558397000	25.04
gross profit	665438000	558397000	19.17
gross profit ratio	0.95	1	-4.70
research and development expenses	0	0	NaN
operating expenses	208538000	135817000	53.54
interest income	0	0	NaN
interest expense	0	0	NaN
ebitda	0	0	NaN
ebitdaratio	0.21	0.6	-65.23
operating income	145367000	319983000	-54.57
operating income ratio	0.21	0.57	-63.67
net income	94430000	101144000	-6.64
net income ratio	0.14	0.18	-25.34
eps	26.71	28.6	-6.61

Overall Score of Annual Income Statement

0.5 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 698 million in 2023 from 558 million in 2022 representing a change of 25.04%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 665 million in 2023 from 558 million in 2022 representing a change of 19.17%. This indicates a sales profitability growth, which is a positive sign for the company.

  Net Income: Net income increased to 94 million in 2023 from 101 million in 2022 representing a change of -6.64%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 209 million in 2023 from 136 million in 2022 representing a change of 53.54%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  Operating Income: Operating income decreased to 145 million in 2023 from 320 million in 2022 representing a change of -54.57%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Earnings per Share (EPS): EPS increased to 26.71 in 2023 from 26.71 in 2022 representing a change of -6.61%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q1	2023Q4	Q/Q change %
0001635984
revenue	196154000	205069000	-4.35
gross profit	170316000	183617000	-7.24
gross profit ratio	0.87	0.9	-3.03
research and development expenses	0	0	NaN
operating expenses	40884000	57935000	-29.43
interest income	0	0	NaN
interest expense	0	0	NaN
ebitda	0	0	NaN
ebitdaratio	0.27	0.05	461.58
operating income	53174000	2000	2658600.00
operating income ratio	0.27	0.0	2779439.46
net income	73608000	-12233000	701.72
net income ratio	0.38	-0.06	729.06
eps	20.82	-3.46	701.73

Overall Score of Quarterly Income Statement

0.67 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Revenue Growth: revenue decreased to 196 million in 2024Q1 from 205 million in 2023Q4 representing a change of -4.35%. This indicates a sales shrinking, which is a negative sign for the company.

  Gross Profit: Gross Profit decreased to 170 million in 2024Q1 from 184 million in 2023Q4 representing a change of -7.24%. This indicates a sales profitability decline, which is a negative sign for the company.

• 📈 Positive Indicators

  Operating Expenses: Operating Expenses decreased to 41 million in 2024Q1 from 58 million in 2023Q4 representing a change of -29.43%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  Operating Income: Operating income increased to 53 million in 2024Q1 from 0 million in 2023Q4 representing a change of 2658600.0%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 74 million in 2024Q1 from -12 million in 2023Q4 representing a change of 701.72%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 20.82 in 2024Q1 from 20.82 in 2023Q4 representing a change of 701.73%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001635984
total assets	10938627000	13100227000	-16.50
total liabilities	8498903000	11093016000	-23.39
total equity	2439724000	2007211000	21.55
cash and cash equivalents	482758000	295270000	63.50
short term investments	715497000	7615570000	-90.60
long term investments	380629000	8703639000	-95.63
total current assets	1351749000	7906903000	-82.90
total non current assets	9586878000	57867000	16467.09
total current liabilities	-1542424000	18444000	-8462.74
total non current liabilities	10041327000	1306000	768761.18
common stock	36000	36000	0.00
retained earnings	2720545000	2381856000	14.22
total debt	0	0	NaN

Overall Score of Annual Balance Sheet

0.62 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 10,939 million in 2023 from 13,100 million in 2022 representing a change of -16.5%. Suggesting a decrease in asset holdings.

  Short Term Investments: Short Term Investments decreased to 715 million in 2023 from 7,616 million in 2022 representing a change of -90.6%. This indicates a decrease in short-term investment holdings.

  Total Current Assets: Total Current Assets decreased to 1,352 million in 2023 from 7,907 million in 2022 representing a change of -82.9%. This indicates a worsen liquidity position.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 8,499 million in 2023 from 11,093 million in 2022 representing a change of -23.39%. This indicates a decrease in overall liabilities.

  Total Equity: Total Equity increased to 2,440 million in 2023 from 2,007 million in 2022 representing a change of 21.55%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 483 million in 2023 from 295 million in 2022 representing a change of 63.5%. This indicates an increase in available liquid assets.

  Total Current Liabilities: Total Current Liabilities decreased to -1,542 million in 2023 from 18 million in 2022 representing a change of -8462.74%. This indicates a lower short-term debt burden.

  Retained Earnings: Retained Earnings increased to 2,721 million in 2023 from 2,382 million in 2022 representing a change of 14.22%. This indicates an accumulated profits.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q1	2023Q4	Q/Q change %
0001635984
total assets	10644835000	10938627000	-2.69
total liabilities	8147860000	8498903000	-4.13
total equity	2496975000	2439724000	2.35
cash and cash equivalents	450499000	482758000	-6.68
short term investments	966460000	715497000	35.08
long term investments	8107480000	380629000	2030.02
total current assets	1571998000	1351749000	16.29
total non current assets	9072837000	9586878000	-5.36
total current liabilities	-1456934000	-1542424000	5.54
total non current liabilities	9604794000	10041327000	-4.35
common stock	36000	36000	0.00
retained earnings	2794153000	2720545000	2.71
total debt	0	0	NaN

Overall Score of Quarterly Balance Sheet

0.62 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 10,645 million in 2024Q1 from 10,939 million in 2023Q4 representing a change of -2.69%. Suggesting a decrease in asset holdings.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 450 million in 2024Q1 from 483 million in 2023Q4 representing a change of -6.68%. This indicates a decrease in available liquid assets.

  Total Current Liabilities: Total Current Liabilities increased to -1,457 million in 2024Q1 from -1,542 million in 2023Q4 representing a change of 5.54%. This indicates a higher short-term debt burden.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 8,148 million in 2024Q1 from 8,499 million in 2023Q4 representing a change of -4.13%. This indicates a decrease in overall liabilities.

  Total Equity: Total Equity increased to 2,497 million in 2024Q1 from 2,440 million in 2023Q4 representing a change of 2.35%. This indicates an increase in shareholders' equity.

  Short Term Investments: Short Term Investments increased to 966 million in 2024Q1 from 715 million in 2023Q4 representing a change of 35.08%. This indicates an increase in short-term investment holdings.

  Total Current Assets: Total Current Assets increased to 1,572 million in 2024Q1 from 1,352 million in 2023Q4 representing a change of 16.29%. This indicates a better liquidity position.

  Retained Earnings: Retained Earnings increased to 2,794 million in 2024Q1 from 2,721 million in 2023Q4 representing a change of 2.71%. This indicates an accumulated profits.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001635984
net change in cash	187488000	-419354000	144.71
operating cash flow	255700000	358540000	-28.68
free cash flow	250138000	356946000	-29.92
capital expenditure	-5562000	-1594000	-248.93
depreciation and amortization	9897000	14330000	-30.94
deferred income tax	38642000	9061000	326.47
stock based compensation	66800000	15200000	339.47
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-5562000	-1594000	-248.93
net cash used for investing activites	811525000	-172930000	569.28
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	-1274000	-1274000	0.00
net cash used provided by financing activities	-879836000	-605479000	-45.31
cash at end of period	482758000	295270000	63.50
accounts receivables	146364000	121607000	20.36
cash at beginning of period	295270000	714624000	-58.68

Overall Score of Annual Cashflow Statement

0.29 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 187 million in 2023 from -419 million in 2022 representing a change of 144.71%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Capital Expenditure: Capital Expenditure decreased to -6 million in 2023 from -2 million in 2022 representing a change of -248.93%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

• 📉 Negative Indicators

  Operating Cash Flow: Operating Cash Flow decreased to 256 million in 2023 from 359 million in 2022 representing a change of -28.68%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to 250 million in 2023 from 357 million in 2022 representing a change of -29.92%. This indicates a decrease in cash generated after accounting for capital expenditures.

  Deferred Income Tax: Deferred Income Tax increased to 39 million in 2023 from 9 million in 2022 representing a change of 326.47%. This indicates that the company's tax liability for future periods has increased.

  Stock-Based Compensation: Stock-Based Compensation increased to 67 million in 2023 from 15 million in 2022 representing a change of 339.47%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.

  Accounts Receivables: Accounts Receivables increased to 146 in 2023 from 122 million in 2022 representing a change of 20.36%. This suggests that the company is less capable of collecting payments from its customers.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q1	2023Q4	Q/Q change %
0001635984
operating cash flow	104133000	56145000	85.47
free cash flow	103810000	52803000	96.60
capital expenditure	-323000	-3342000	90.34
depreciation and amortization	2415000	9897000	-75.60
deferred income tax	0	-23200000	100.00
stock based compensation	5600000	23200000	-75.86
accounts receivables	70815000	4843000	1362.21
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	-15328000	100.00
investments in property plant and equipment	-323000	-3342000	90.34
net cash used for investing activites	78928000	338192000	-76.66
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	-211266000	-232407000	9.10
net change in cash	-32259000	162018000	-119.91
cash at end of period	450499000	482758000	-6.68
cash at beginning of period	482758000	320740000	50.51

Overall Score of Quarterly Cashflow Statement

0.43 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to -32 million in 2024Q1 from 162 million in 2023Q4 representing a change of -119.91%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Capital Expenditure: Capital Expenditure increased to 0 million in 2024Q1 from -3 million in 2023Q4 representing a change of 90.34%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

  Deferred Income Tax: Deferred Income Tax increased to 0 million in 2024Q1 from -23 million in 2023Q4 representing a change of 100.0%. This indicates that the company's tax liability for future periods has increased.

  Accounts Receivables: Accounts Receivables increased to 71 in 2024Q1 from 5 million in 2023Q4 representing a change of 1362.21%. This suggests that the company is less capable of collecting payments from its customers.

• 📈 Positive Indicators

  Operating Cash Flow: Operating Cash Flow increased to 104 million in 2024Q1 from 56 million in 2023Q4 representing a change of 85.47%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 104 million in 2024Q1 from 53 million in 2023Q4 representing a change of 96.6%. This indicates an increase in cash generated after accounting for capital expenditures.

  Stock-Based Compensation: Stock-Based Compensation decreased to 6 million in 2024Q1 from 23 million in 2023Q4 representing a change of -75.86%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	197.46	157.92	25.04
net income per share	26.71	28.6	-6.64
operating cash flow per share	72.31	101.4	-28.68
free cash flow per share	70.74	100.95	-29.92
cash per share	338.87	2237.23	-84.85
book value per share	689.97	567.65	21.55
tangible book value per share	653.23	520.38	25.53
shareholders equity per share	689.97	567.65	21.55
interest debt per share	0	0	NaN
market cap	1707958720	993616000	71.89
enterprise value	1225200720	698346000	75.44
pe ratio	18.09	9.82	84.11
price to sales ratio	2.45	1.78	37.47
pocfratio	6.68	2.77	141.03
pfcf ratio	6.83	2.78	145.29
pb ratio	0.7	0.5	41.42
ptb ratio	0.7	0.5	41.42
ev to sales	1.75	1.25	40.31
enterprise value over ebitda	0	0	NaN
ev to operating cash flow	4.79	1.95	146.00
ev to free cash flow	4.9	1.96	150.36
earnings yield	0.06	0.1	-45.69
free cash flow yield	0.15	0.36	-59.23
debt to equity	0	0	NaN
debt to assets	0	0	NaN
net debt to ebitda	0	0	NaN
current ratio	-0.88	428.7	-100.20
interest coverage	0	0	NaN
income quality	2.71	3.54	-23.61
dividend yield	0.0	0.0	-41.82
payout ratio	0.01	0.01	7.11
sales general and administrative to revenue	0.23	0.18	27.10
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.01	0.01	-6.92
capex to operating cash flow	0.02	0.0	389.27
capex to revenue	0.01	0.0	179.05
capex to depreciation	0.56	0.11	405.23
stock based compensation to revenue	0.1	0.03	251.46
graham number	643.88	604.43	6.53
roic	0.04	0.13	-66.09
return on tangible assets	0.01	0.01	11.71
graham net net	-3356.58	123.02	-2828.50
working capital	2894173000	7888459000	-63.31
tangible asset value	2309819000	1840074000	25.53
net current asset value	-7147154000	-3186113000	-124.32
invested capital	3195178000	8124496000	-60.67
average receivables	847648000	1617607500	-47.60
average payables	0	0	NaN
average inventory	-2222521000	6306444500	-135.24
days sales outstanding	0	1108.14	-100.00
days payables outstanding	0	0	NaN
days of inventory on hand	-101683.18	0	NaN
receivables turnover	0	0.33	-100.00
payables turnover	0	0	NaN
inventory turnover	-0.0	0	NaN
roe	0.04	0.05	-23.19
capex per share	1.57	0.45	248.93

• Negative

  ROE: Return on Equity (ROE) decreased to 0.04 on 2023-12-31 from 0.05 on 2022-12-31, representing a change of -23.19%. Suggesting that the company has not been generating high returns for its shareholders.

  Current Ratio: Current Ratio decreased to -0.88 on 2023-12-31 from 428.70 on 2022-12-31, representing a change of -100.20%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 18.09 on 2023-12-31 from 9.82 on 2022-12-31, representing a change of 84.11%. Indicating an increase in the relative valuation of the company's stock.

• Quarterly Financial Ratios

	2024-03-31 Q1	2023-12-31 Q4	Q/Q change %
NWLI
calendar year	2024	2023	NaN
revenue per share	55.47	57.99	-4.35
net income per share	20.82	-3.46	701.72
operating cash flow per share	29.45	15.88	85.47
free cash flow per share	29.36	14.93	96.60
cash per share	400.72	338.87	18.25
book value per share	706.16	689.96	2.35
tangible book value per share	670.01	653.23	2.57
shareholders equity per share	706.16	689.96	2.35
interest debt per share	0	0	NaN
market cap	1739959520	1707968380.4	1.87
enterprise value	1289460520	1225210380.4	5.24
pe ratio	5.91	-34.9	116.93
price to sales ratio	8.87	8.33	6.50
pocfratio	16.71	30.42	-45.07
pfcf ratio	16.76	32.35	-48.18
pb ratio	0.7	0.7	-0.46
ptb ratio	0.7	0.7	-0.46
ev to sales	6.57	5.97	10.03
enterprise value over ebitda	0	0	NaN
ev to operating cash flow	12.38	21.82	-43.26
ev to free cash flow	12.42	23.2	-46.47
earnings yield	0.04	-0.01	690.65
free cash flow yield	0.06	0.03	92.98
debt to equity	0	0	NaN
debt to assets	0	0	NaN
net debt to ebitda	0	0	NaN
current ratio	-1.08	-0.88	-23.12
interest coverage	0	0	NaN
income quality	1.41	-4.59	130.82
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0.13	0.26	-50.26
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.01	0.01	1.12
capex to operating cash flow	0.0	0.06	-94.79
capex to revenue	0.0	0.02	-89.90
capex to depreciation	0.13	0.34	-60.39
stock based compensation to revenue	0.03	0.11	-74.77
graham number	575.11	231.75	148.16
roic	0.02	0.0	3580387.65
return on tangible assets	0.01	-0.0	718.41
graham net net	-3178.67	-3356.56	5.30
working capital	3028932000	2894173000	4.66
tangible asset value	2369148000	2309819000	2.57
net current asset value	-6575862000	-7147154000	7.99
invested capital	2922287000	3195178000	-8.54
average receivables	0	775214000	-100.00
average payables	0	0	NaN
average inventory	-9077098500	-5234466000	-73.41
days sales outstanding	0	0	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	-31411.02	-38331.15	18.05
receivables turnover	0	0	NaN
payables turnover	0	0	NaN
inventory turnover	-0.0	-0.0	-22.03
roe	0.03	-0.01	687.92
capex per share	0.09	0.95	-90.34

• Negative

  ROE: Return on Equity (ROE) increased to 0.03 on 2024-03-31 Q1 from -0.01 on 2023-12-31 Q4, representing a change of 687.92%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  Current Ratio: Current Ratio decreased to -1.08 on 2024-03-31 Q1 from -0.88 on 2023-12-31 Q4, representing a change of -23.12%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 5.91 on 2024-03-31 Q1 from -34.90 on 2023-12-31 Q4, representing a change of 116.93%. Indicating an increase in the relative valuation of the company's stock.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

None