PALOMAR HOLDINGS INC (PLMR) Stock Fundamental Analysis
USA - NASDAQ:PLMR - US69753M1053 - Common Stock
115.34 USD
+0.21 (+0.18%)
115.34 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to PLMR. PLMR was compared to 147 industry peers in the Insurance industry. PLMR has an excellent profitability rating, but there are some minor concerns on its financial health. PLMR is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
PLMR had positive earnings in the past year.
In the past year PLMR had a positive cash flow from operations.
PLMR had positive earnings in each of the past 5 years.
In the past 5 years PLMR always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.47%, PLMR belongs to the top of the industry, outperforming 88.44% of the companies in the same industry.
With an excellent Return On Equity value of 18.29%, PLMR belongs to the best of the industry, outperforming 83.67% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 5.46%, PLMR belongs to the top of the industry, outperforming 83.67% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for PLMR is in line with the industry average of 4.46%.
The last Return On Invested Capital (5.46%) for PLMR is above the 3 year average (4.75%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.47% | ||
| ROE | 18.29% | ||
| ROIC | 5.46% |
ROA(3y)4.61%
ROA(5y)3.93%
ROE(3y)15.5%
ROE(5y)11.97%
ROIC(3y)4.75%
ROIC(5y)3.96%
1.3 Margins
PLMR's Profit Margin of 22.98% is amongst the best of the industry. PLMR outperforms 93.20% of its industry peers.
In the last couple of years the Profit Margin of PLMR has grown nicely.
The Operating Margin of PLMR (28.15%) is better than 92.52% of its industry peers.
PLMR's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.15% | ||
| PM (TTM) | 22.98% | ||
| 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
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.
PLMR has more shares outstanding than it did 1 year ago.
PLMR has more shares outstanding than it did 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.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACC0.64
WACC8.59%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 46.00% over the past year.
Measured over the past years, PLMR shows a very strong growth in Earnings Per Share. The EPS has been growing by 23.66% on average per year.
PLMR shows a strong growth in Revenue. In the last year, the Revenue has grown by 51.14%.
PLMR shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 37.35% yearly.
EPS 1Y (TTM)46%
EPS 3Y35.41%
EPS 5Y23.66%
EPS Q2Q%40.8%
Revenue 1Y (TTM)51.14%
Revenue growth 3Y30.75%
Revenue growth 5Y37.35%
Sales Q2Q%28.84%
3.2 Future
The Earnings Per Share is expected to grow by 23.83% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 15.99% on average over the next years. This is quite good.
EPS Next Y44.24%
EPS Next 2Y29.31%
EPS Next 3Y23.83%
EPS Next 5YN/A
Revenue Next Year25.51%
Revenue Next 2Y22.06%
Revenue Next 3Y15.99%
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 18.08, the valuation of PLMR can be described as rather expensive.
Based on the Price/Earnings ratio, PLMR is valued a bit more expensive than the industry average as 67.35% of the companies are valued more cheaply.
PLMR is valuated rather cheaply when we compare the Price/Earnings ratio to 27.77, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 13.55, PLMR is valued correctly.
PLMR's Price/Forward Earnings ratio is in line with the industry average.
PLMR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.23, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.08 | ||
| Fwd PE | 13.55 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PLMR is valued a bit more expensive than 60.54% of the companies in the same industry.
PLMR's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.86 | ||
| EV/EBITDA | 15.44 |
4.3 Compensation for Growth
The 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.
A more expensive valuation may be justified as PLMR's earnings are expected to grow with 23.83% in the coming years.
PEG (NY)0.41
PEG (5Y)0.76
EPS Next 2Y29.31%
EPS Next 3Y23.83%
5. Dividend
5.1 Amount
PLMR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
115.34
+0.21 (+0.18%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners93.69%
Inst Owner Change-0.11%
Ins Owners2.46%
Ins Owner Change3.88%
Market Cap3.09B
Analysts81.43
Price Target170.14 (47.51%)
Short Float %1.4%
Short Ratio1.02
Dividend
| Industry Rank | Sector 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)9.44%
Min EPS beat(2)3.51%
Max EPS beat(2)15.38%
EPS beat(4)4
Avg EPS beat(4)14.11%
Min EPS beat(4)3.51%
Max EPS beat(4)21.01%
EPS beat(8)8
Avg EPS beat(8)15.22%
EPS beat(12)11
Avg EPS beat(12)7.7%
EPS beat(16)14
Avg EPS beat(16)4.65%
Revenue beat(2)1
Avg Revenue beat(2)1.71%
Min Revenue beat(2)-2.55%
Max Revenue beat(2)5.98%
Revenue beat(4)1
Avg Revenue beat(4)-1.5%
Min Revenue beat(4)-7.57%
Max Revenue beat(4)5.98%
Revenue beat(8)3
Avg Revenue beat(8)1.19%
Revenue beat(12)4
Avg Revenue beat(12)-10.18%
Revenue beat(16)4
Avg Revenue beat(16)-20.97%
PT rev (1m)0%
PT rev (3m)-10.13%
EPS NQ rev (1m)2.89%
EPS NQ rev (3m)6.49%
EPS NY rev (1m)0%
EPS NY rev (3m)3.03%
Revenue NQ rev (1m)-0.57%
Revenue NQ rev (3m)-4.97%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.08 | ||
| Fwd PE | 13.55 | ||
| P/S | 4.58 | ||
| P/FCF | 9.86 | ||
| P/OCF | 8.11 | ||
| P/B | 3.65 | ||
| P/tB | 3.94 | ||
| EV/EBITDA | 15.44 |
EPS(TTM)6.38
EY5.53%
EPS(NY)8.51
Fwd EY7.38%
FCF(TTM)11.69
FCFY10.14%
OCF(TTM)14.23
OCFY12.33%
SpS25.17
BVpS31.64
TBVpS29.29
PEG (NY)0.41
PEG (5Y)0.76
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.47% | ||
| ROE | 18.29% | ||
| ROCE | 7.08% | ||
| ROIC | 5.46% | ||
| ROICexc | 5.63% | ||
| ROICexgc | 8.95% | ||
| OM | 28.15% | ||
| PM (TTM) | 22.98% | ||
| GM | N/A | ||
| FCFM | 46.46% |
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 Turnover0.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 1328.77% | ||
| Cap/Sales | 10.07% | ||
| Interest Coverage | 732.46 | ||
| Cash Conversion | 195.56% | ||
| Profit Quality | 202.13% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score8
WACC8.59%
ROIC/WACC0.64
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)46%
EPS 3Y35.41%
EPS 5Y23.66%
EPS Q2Q%40.8%
EPS Next Y44.24%
EPS Next 2Y29.31%
EPS Next 3Y23.83%
EPS Next 5YN/A
Revenue 1Y (TTM)51.14%
Revenue growth 3Y30.75%
Revenue growth 5Y37.35%
Sales Q2Q%28.84%
Revenue Next Year25.51%
Revenue Next 2Y22.06%
Revenue Next 3Y15.99%
Revenue Next 5YN/A
EBIT growth 1Y53.2%
EBIT growth 3Y36.71%
EBIT growth 5Y50.23%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y220.82%
FCF growth 3Y45.45%
FCF growth 5Y43.72%
OCF growth 1Y246.33%
OCF growth 3Y43.81%
OCF growth 5Y42.47%