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PALOMAR HOLDINGS INC (PLMR) Stock Fundamental Analysis

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

122.89  +6.25 (+5.36%)

After market: 122.89 0 (0%)

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 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.
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

Looking at the Return On Assets, with a value of 5.53%, PLMR belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
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 4.06%.
The 3 year average ROIC (4.75%) for PLMR is below the current ROIC(5.59%), indicating increased profibility in the last year.
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 better Profit Margin (21.99%) than 94.41% of its industry peers.
In the last couple of years the Profit Margin of PLMR has grown nicely.
PLMR has a better Operating Margin (28.07%) than 95.10% of its industry peers.
PLMR's Operating Margin has improved in the last couple of years.
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

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PLMR 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.
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

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/WACC0.63
WACC8.81%
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

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 47.33%.
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)47.33%
Revenue growth 3Y30.75%
Revenue growth 5Y37.35%
Sales Q2Q%-49.37%

3.2 Future

The Earnings Per Share is expected to grow by 23.58% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 20.35% on average over the next years. This is a very strong growth
EPS Next Y40%
EPS Next 2Y27.5%
EPS Next 3Y23.58%
EPS Next 5YN/A
Revenue Next Year25.06%
Revenue Next 2Y23.33%
Revenue Next 3Y20.35%
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 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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5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 19.26, PLMR is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of PLMR indicates a slightly more expensive valuation: PLMR is more expensive than 64.34% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.54, PLMR is valued a bit cheaper.
With a Price/Forward Earnings ratio of 14.85, PLMR is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PLMR indicates a slightly more expensive valuation: PLMR is more expensive than 60.14% of the companies listed in the same industry.
PLMR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 35.28.
Industry RankSector Rank
PE 19.26
Fwd PE 14.85
PLMR Price Earnings VS Forward Price EarningsPLMR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

PLMR's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. PLMR is more expensive than 61.54% of the companies in the same industry.
PLMR's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 11.53
EV/EBITDA 17.01
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 23.58% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.48
PEG (5Y)0.81
EPS Next 2Y27.5%
EPS Next 3Y23.58%

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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 (8/7/2025, 8:00:00 PM)

After market: 122.89 0 (0%)

122.89

+6.25 (+5.36%)

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 Owners93.88%
Inst Owner Change-0.35%
Ins Owners2.44%
Ins Owner Change0.21%
Market Cap3.29B
Analysts80
Price Target189.11 (53.89%)
Short Float %2.37%
Short Ratio2.02
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)-0.11%
PT rev (3m)18.69%
EPS NQ rev (1m)-2.38%
EPS NQ rev (3m)2.61%
EPS NY rev (1m)-0.32%
EPS NY rev (3m)5.97%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.08%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.46%
Valuation
Industry RankSector Rank
PE 19.26
Fwd PE 14.85
P/S 5.39
P/FCF 11.53
P/OCF 10.42
P/B 4.16
P/tB 4.29
EV/EBITDA 17.01
EPS(TTM)6.38
EY5.19%
EPS(NY)8.27
Fwd EY6.73%
FCF(TTM)10.66
FCFY8.67%
OCF(TTM)11.79
OCFY9.59%
SpS22.81
BVpS29.56
TBVpS28.63
PEG (NY)0.48
PEG (5Y)0.81
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
WACC8.81%
ROIC/WACC0.63
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 Y40%
EPS Next 2Y27.5%
EPS Next 3Y23.58%
EPS Next 5YN/A
Revenue 1Y (TTM)47.33%
Revenue growth 3Y30.75%
Revenue growth 5Y37.35%
Sales Q2Q%-49.37%
Revenue Next Year25.06%
Revenue Next 2Y23.33%
Revenue Next 3Y20.35%
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%