PALOMAR HOLDINGS INC (PLMR)
US69753M1053 - Common Stock
Overall PLMR gets a fundamental rating of 5 out of 10. We evaluated PLMR against 140 industry peers in the Insurance industry. PLMR scores excellent on profitability, but there are some minor concerns on its financial health. PLMR is valued quite expensive, but it does show an excellent growth.
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.
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.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.64%, PLMR belongs to the top of the industry, outperforming 84.17% of the companies in the same industry.
Looking at the Return On Equity, with a value of 16.81%, PLMR is in the better half of the industry, outperforming 77.70% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.98%, PLMR belongs to the top of the industry, outperforming 83.45% 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 4.12%.
The 3 year average ROIC (4.65%) for PLMR is below the current ROIC(4.98%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.64% | ||
| ROE | 16.81% | ||
| ROIC | 4.98% |
ROA(3y)4.53%
ROA(5y)3.42%
ROE(3y)14%
ROE(5y)9.71%
ROIC(3y)4.65%
ROIC(5y)3.69%
1.3 Margins
PLMR has a better Profit Margin (21.07%) than 88.49% of its industry peers.
PLMR's Profit Margin has declined in the last couple of years.
The Operating Margin of PLMR (28.57%) is better than 88.49% of its industry peers.
PLMR's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.57% | ||
| PM (TTM) | 21.07% | ||
| GM | N/A |
OM growth 3Y98.03%
OM growth 5Y0.35%
PM growth 3Y77.95%
PM growth 5Y-3.31%
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.
The number of shares outstanding for PLMR has been reduced compared to 1 year ago.
PLMR has more shares outstanding than it did 5 years ago.
PLMR has a worse debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of PLMR is 0.51, which is an excellent value as it means it would take PLMR, only 0.51 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of PLMR (0.51) is better than 87.77% of its industry peers.
PLMR has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.11, PLMR belongs to the best of the industry, outperforming 82.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.51 | ||
| Altman-Z | N/A |
ROIC/WACC0.55
WACC9.03%
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 46.43% 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 31.02% on average per year.
PLMR shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.93%.
The Revenue has been growing by 38.79% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)46.43%
EPS 3Y115.25%
EPS 5Y31.02%
EPS growth Q2Q35.37%
Revenue 1Y (TTM)14.93%
Revenue growth 3Y30.67%
Revenue growth 5Y38.79%
Revenue growth Q2Q18.91%
3.2 Future
PLMR is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.70% yearly.
The Revenue is expected to grow by 17.56% on average over the next years. This is quite good.
EPS Next Y15.54%
EPS Next 2Y17.72%
EPS Next 3Y18.7%
EPS Next 5YN/A
Revenue Next Year27.01%
Revenue Next 2Y23.16%
Revenue Next 3Y17.56%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 22.70, which indicates a rather expensive current valuation of PLMR.
64.03% of the companies in the same industry are cheaper than PLMR, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.91. PLMR is valued slightly cheaper when compared to this.
PLMR is valuated rather expensively with a Price/Forward Earnings ratio of 19.65.
PLMR's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. PLMR is more expensive than 67.63% of the companies in the same industry.
PLMR's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 20.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.7 | ||
| Fwd PE | 19.65 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as PLMR.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PLMR indicates a slightly more expensive valuation: PLMR is more expensive than 61.15% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.11 | ||
| EV/EBITDA | 18.73 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of PLMR may justify a higher PE ratio.
PLMR's earnings are expected to grow with 18.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.46
PEG (5Y)0.73
EPS Next 2Y17.72%
EPS Next 3Y18.7%
5. Dividend
5.1 Amount
PLMR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
PALOMAR HOLDINGS INC
NASDAQ:PLMR (5/15/2024, 7:02:48 PM)
After market: 83.7 -0.07 (-0.08%)83.77
-0.29 (-0.34%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.09B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.7 | ||
| Fwd PE | 19.65 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.46
PEG (5Y)0.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.64% | ||
| ROE | 16.81% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 28.57% | ||
| PM (TTM) | 21.07% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)46.43%
EPS 3Y115.25%
EPS 5Y
EPS growth Q2Q
EPS Next Y15.54%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)14.93%
Revenue growth 3Y30.67%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y