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PALOMAR HOLDINGS INC (PLMR) Stock Fundamental Analysis

NASDAQ:PLMR - US69753M1053 - Common Stock

122.195 USD
-0.83 (-0.67%)
Last: 9/2/2025, 3:31:26 PM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to PLMR. PLMR was compared to 146 industry peers in the Insurance industry. PLMR scores excellent on profitability, but there are some minor concerns on its financial health. PLMR is growing strongly while it is still valued neutral. This is a good combination!


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

PLMR had positive earnings in the past year.
PLMR had a positive operating cash flow in the past year.
Each year in the past 5 years PLMR has been profitable.
PLMR had a positive operating cash flow in each of the past 5 years.
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

PLMR has a Return On Assets of 5.47%. This is amongst the best in the industry. PLMR outperforms 88.36% of its industry peers.
The Return On Equity of PLMR (18.29%) is better than 84.93% of its industry peers.
PLMR's Return On Invested Capital of 5.46% is amongst the best of the industry. PLMR outperforms 83.56% of its industry peers.
PLMR had an Average Return On Invested Capital over the past 3 years of 4.75%. This is in line with the industry average of 4.46%.
The 3 year average ROIC (4.75%) for PLMR is below the current ROIC(5.46%), indicating increased profibility in the last year.
Industry RankSector 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%
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

With an excellent Profit Margin value of 22.98%, PLMR belongs to the best of the industry, outperforming 94.52% of the companies in the same industry.
In the last couple of years the Profit Margin of PLMR has grown nicely.
With an excellent Operating Margin value of 28.15%, PLMR belongs to the best of the industry, outperforming 93.84% of the companies in the same industry.
PLMR's Operating Margin has improved in the last couple of years.
Industry RankSector 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
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

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PLMR is destroying value.
PLMR has more shares outstanding than it did 1 year ago.
The number of shares outstanding for PLMR has been increased compared to 5 years ago.
PLMR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the 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

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.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z N/A
ROIC/WACC0.62
WACC8.82%
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 46.00%, which is quite impressive.
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%.
Measured over the past years, PLMR shows a very strong growth in Revenue. The Revenue has been growing by 37.35% on average per year.
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

Based on estimates for the next years, PLMR will show a very strong growth in Earnings Per Share. The EPS will grow by 22.98% on average per year.
The Revenue is expected to grow by 15.99% on average over the next years. This is quite good.
EPS Next Y42.91%
EPS Next 2Y28.59%
EPS Next 3Y22.98%
EPS Next 5YN/A
Revenue Next Year25.51%
Revenue Next 2Y22.06%
Revenue Next 3Y15.99%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
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
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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5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 19.15, PLMR is valued on the expensive side.
Based on the Price/Earnings ratio, PLMR is valued a bit more expensive than the industry average as 66.44% of the companies are valued more cheaply.
PLMR is valuated rather cheaply when we compare the Price/Earnings ratio to 27.13, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 14.52, which indicates a correct valuation of PLMR.
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 22.76, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 19.15
Fwd PE 14.52
PLMR Price Earnings VS Forward Price EarningsPLMR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

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 60.27% of the companies listed in the same industry.
PLMR's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 10.45
EV/EBITDA 16.49
PLMR Per share dataPLMR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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.
The excellent profitability rating of PLMR may justify a higher PE ratio.
PLMR's earnings are expected to grow with 22.98% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.45
PEG (5Y)0.81
EPS Next 2Y28.59%
EPS Next 3Y22.98%

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0

5. Dividend

5.1 Amount

PLMR does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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PALOMAR HOLDINGS INC

NASDAQ:PLMR (9/2/2025, 3:31:26 PM)

122.195

-0.83 (-0.67%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)08-04 2025-08-04/amc
Earnings (Next)11-03 2025-11-03/amc
Inst Owners94.3%
Inst Owner Change1.73%
Ins Owners2.45%
Ins Owner Change1.62%
Market Cap3.27B
Analysts80
Price Target170.14 (39.24%)
Short Float %1.6%
Short Ratio1.11
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)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)-10.03%
PT rev (3m)3.73%
EPS NQ rev (1m)-2.62%
EPS NQ rev (3m)0.39%
EPS NY rev (1m)2.08%
EPS NY rev (3m)4.28%
Revenue NQ rev (1m)-4.42%
Revenue NQ rev (3m)-1.87%
Revenue NY rev (1m)0.36%
Revenue NY rev (3m)0.36%
Valuation
Industry RankSector Rank
PE 19.15
Fwd PE 14.52
P/S 4.86
P/FCF 10.45
P/OCF 8.59
P/B 3.86
P/tB 4.17
EV/EBITDA 16.49
EPS(TTM)6.38
EY5.22%
EPS(NY)8.42
Fwd EY6.89%
FCF(TTM)11.69
FCFY9.57%
OCF(TTM)14.23
OCFY11.64%
SpS25.17
BVpS31.64
TBVpS29.29
PEG (NY)0.45
PEG (5Y)0.81
Profitability
Industry RankSector 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 RankSector 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
WACC8.82%
ROIC/WACC0.62
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 Y42.91%
EPS Next 2Y28.59%
EPS Next 3Y22.98%
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%