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PALOMAR HOLDINGS INC (PLMR) Stock Fundamental Analysis

NASDAQ:PLMR - Nasdaq - US69753M1053 - Common Stock - Currency: USD

163.71  +2.78 (+1.73%)

Fundamental Rating

6

PLMR gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 143 industry peers in the Insurance industry. PLMR has an excellent profitability rating, but there are some minor concerns on its financial health. PLMR is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

In the past year PLMR was profitable.
In the past year PLMR had a positive cash flow from operations.
Each year in the past 5 years PLMR has been profitable.
Each year in the past 5 years PLMR had a positive operating cash flow.
PLMR Yearly Net Income VS EBIT VS OCF VS FCFPLMR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

1.2 Ratios

The Return On Assets of PLMR (5.53%) is better than 89.51% of its industry peers.
With a decent Return On Equity value of 16.97%, PLMR is doing good in the industry, outperforming 78.32% of the companies in the same industry.
PLMR's Return On Invested Capital of 5.59% is amongst the best of the industry. PLMR outperforms 84.62% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PLMR is in line with the industry average of 4.07%.
The last Return On Invested Capital (5.59%) for PLMR is above the 3 year average (4.75%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.53%
ROE 16.97%
ROIC 5.59%
ROA(3y)4.61%
ROA(5y)3.93%
ROE(3y)15.5%
ROE(5y)11.97%
ROIC(3y)4.75%
ROIC(5y)3.96%
PLMR Yearly ROA, ROE, ROICPLMR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

PLMR has a Profit Margin of 21.99%. This is amongst the best in the industry. PLMR outperforms 92.31% of its industry peers.
PLMR's Profit Margin has improved in the last couple of years.
The Operating Margin of PLMR (28.07%) is better than 93.01% of its industry peers.
In the last couple of years the Operating Margin of PLMR has grown nicely.
Industry RankSector Rank
OM 28.07%
PM (TTM) 21.99%
GM N/A
OM growth 3Y4.56%
OM growth 5Y9.37%
PM growth 3Y4.72%
PM growth 5Y17.81%
GM growth 3YN/A
GM growth 5YN/A
PLMR Yearly Profit, Operating, Gross MarginsPLMR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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4

2. Health

2.1 Basic Checks

PLMR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for PLMR has been increased compared to 1 year ago.
The number of shares outstanding for PLMR has been increased compared to 5 years ago.
There is no outstanding debt for PLMR. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
PLMR Yearly Shares OutstandingPLMR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
PLMR Yearly Total Debt VS Total AssetsPLMR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

PLMR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z N/A
ROIC/WACC0.58
WACC9.59%
PLMR Yearly LT Debt VS Equity VS FCFPLMR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
PLMR Yearly Current Assets VS Current LiabilitesPLMR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

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9

3. Growth

3.1 Past

PLMR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 47.49%, which is quite impressive.
PLMR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.66% yearly.
The Revenue has grown by 50.51% in the past year. This is a very strong growth!
The Revenue has been growing by 37.35% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)47.49%
EPS 3Y35.41%
EPS 5Y23.66%
EPS Q2Q%71.56%
Revenue 1Y (TTM)50.51%
Revenue growth 3Y30.75%
Revenue growth 5Y37.35%
Sales Q2Q%20.13%

3.2 Future

PLMR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.23% yearly.
Based on estimates for the next years, PLMR will show a very strong growth in Revenue. The Revenue will grow by 20.08% on average per year.
EPS Next Y37.05%
EPS Next 2Y26.41%
EPS Next 3Y21.23%
EPS Next 5YN/A
Revenue Next Year25.06%
Revenue Next 2Y23.12%
Revenue Next 3Y20.08%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
PLMR Yearly Revenue VS EstimatesPLMR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B 2B 2.5B
PLMR Yearly EPS VS EstimatesPLMR Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6 8

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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 27.89, which means the current valuation is very expensive for PLMR.
Compared to the rest of the industry, the Price/Earnings ratio of PLMR indicates a slightly more expensive valuation: PLMR is more expensive than 75.52% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.32, PLMR is valued at the same level.
A Price/Forward Earnings ratio of 20.13 indicates a rather expensive valuation of PLMR.
Based on the Price/Forward Earnings ratio, PLMR is valued a bit more expensive than 71.33% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.13. PLMR is around the same levels.
Industry RankSector Rank
PE 27.89
Fwd PE 20.13
PLMR Price Earnings VS Forward Price EarningsPLMR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PLMR indicates a slightly more expensive valuation: PLMR is more expensive than 66.43% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, PLMR is valued a bit more expensive than 62.94% of the companies in the same industry.
Industry RankSector Rank
P/FCF 15.36
EV/EBITDA 23.73
PLMR Per share dataPLMR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

PLMR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PLMR has an outstanding profitability rating, which may justify a higher PE ratio.
PLMR's earnings are expected to grow with 21.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.75
PEG (5Y)1.18
EPS Next 2Y26.41%
EPS Next 3Y21.23%

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0

5. Dividend

5.1 Amount

No dividends for PLMR!.
Industry RankSector Rank
Dividend Yield N/A

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PALOMAR HOLDINGS INC

NASDAQ:PLMR (6/16/2025, 1:08:13 PM)

163.71

+2.78 (+1.73%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)05-05 2025-05-05/amc
Earnings (Next)08-04 2025-08-04/amc
Inst Owners93.88%
Inst Owner Change1.22%
Ins Owners2.44%
Ins Owner Change7.19%
Market Cap4.38B
Analysts80
Price Target189.31 (15.64%)
Short Float %2.04%
Short Ratio1.63
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)18.19%
Min EPS beat(2)15.38%
Max EPS beat(2)21.01%
EPS beat(4)4
Avg EPS beat(4)16.41%
Min EPS beat(4)12.71%
Max EPS beat(4)21.01%
EPS beat(8)8
Avg EPS beat(8)14.94%
EPS beat(12)11
Avg EPS beat(12)7.82%
EPS beat(16)14
Avg EPS beat(16)4.71%
Revenue beat(2)0
Avg Revenue beat(2)-2.2%
Min Revenue beat(2)-2.55%
Max Revenue beat(2)-1.85%
Revenue beat(4)1
Avg Revenue beat(4)-0.12%
Min Revenue beat(4)-7.57%
Max Revenue beat(4)11.48%
Revenue beat(8)2
Avg Revenue beat(8)-0.93%
Revenue beat(12)3
Avg Revenue beat(12)-15.64%
Revenue beat(16)3
Avg Revenue beat(16)-24.4%
PT rev (1m)15.42%
PT rev (3m)28.71%
EPS NQ rev (1m)2.35%
EPS NQ rev (3m)8.15%
EPS NY rev (1m)0%
EPS NY rev (3m)4.75%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.66%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.51%
Valuation
Industry RankSector Rank
PE 27.89
Fwd PE 20.13
P/S 7.18
P/FCF 15.36
P/OCF 13.89
P/B 5.54
P/tB 5.72
EV/EBITDA 23.73
EPS(TTM)5.87
EY3.59%
EPS(NY)8.13
Fwd EY4.97%
FCF(TTM)10.66
FCFY6.51%
OCF(TTM)11.79
OCFY7.2%
SpS22.81
BVpS29.56
TBVpS28.63
PEG (NY)0.75
PEG (5Y)1.18
Profitability
Industry RankSector Rank
ROA 5.53%
ROE 16.97%
ROCE 7.25%
ROIC 5.59%
ROICexc 5.89%
ROICexgc 9.23%
OM 28.07%
PM (TTM) 21.99%
GM N/A
FCFM 46.73%
ROA(3y)4.61%
ROA(5y)3.93%
ROE(3y)15.5%
ROE(5y)11.97%
ROIC(3y)4.75%
ROIC(5y)3.96%
ROICexc(3y)4.95%
ROICexc(5y)4.14%
ROICexgc(3y)7.96%
ROICexgc(5y)6.46%
ROCE(3y)6.16%
ROCE(5y)5.14%
ROICexcg growth 3Y4.17%
ROICexcg growth 5Y10.49%
ROICexc growth 3Y1.1%
ROICexc growth 5Y4.73%
OM growth 3Y4.56%
OM growth 5Y9.37%
PM growth 3Y4.72%
PM growth 5Y17.81%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.25
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 591.27%
Cap/Sales 4.95%
Interest Coverage 434.52
Cash Conversion 178.79%
Profit Quality 212.53%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC9.59%
ROIC/WACC0.58
Cap/Depr(3y)179.25%
Cap/Depr(5y)306.32%
Cap/Sales(3y)2.07%
Cap/Sales(5y)2.95%
Profit Quality(3y)220.49%
Profit Quality(5y)315.8%
High Growth Momentum
Growth
EPS 1Y (TTM)47.49%
EPS 3Y35.41%
EPS 5Y23.66%
EPS Q2Q%71.56%
EPS Next Y37.05%
EPS Next 2Y26.41%
EPS Next 3Y21.23%
EPS Next 5YN/A
Revenue 1Y (TTM)50.51%
Revenue growth 3Y30.75%
Revenue growth 5Y37.35%
Sales Q2Q%20.13%
Revenue Next Year25.06%
Revenue Next 2Y23.12%
Revenue Next 3Y20.08%
Revenue Next 5YN/A
EBIT growth 1Y49.32%
EBIT growth 3Y36.71%
EBIT growth 5Y50.23%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y116.75%
FCF growth 3Y45.45%
FCF growth 5Y43.72%
OCF growth 1Y128.75%
OCF growth 3Y43.81%
OCF growth 5Y42.47%