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PALOMAR HOLDINGS INC (PLMR) Stock Fundamental Analysis

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

151.81  +7.75 (+5.38%)

After market: 151.81 0 (0%)

Fundamental Rating

6

Taking everything into account, PLMR scores 6 out of 10 in our fundamental rating. PLMR was compared to 143 industry peers in the Insurance industry. While PLMR has a great profitability rating, there are some minor concerns on its financial health. PLMR is valued quite expensively, but it does show have an excellent growth rating.


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.
PLMR had positive earnings in each of the past 5 years.
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

PLMR has a Return On Assets of 5.20%. This is amongst the best in the industry. PLMR outperforms 86.01% of its industry peers.
PLMR has a Return On Equity of 16.13%. This is in the better half of the industry: PLMR outperforms 69.93% of its industry peers.
With an excellent Return On Invested Capital value of 5.14%, PLMR belongs to the best of the industry, outperforming 80.42% 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 4.47%.
The 3 year average ROIC (4.75%) for PLMR is below the current ROIC(5.14%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.2%
ROE 16.13%
ROIC 5.14%
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's Profit Margin of 21.23% is amongst the best of the industry. PLMR outperforms 90.91% of its industry peers.
PLMR's Profit Margin has improved in the last couple of years.
The Operating Margin of PLMR (26.38%) is better than 92.31% of its industry peers.
In the last couple of years the Operating Margin of PLMR has grown nicely.
Industry RankSector Rank
OM 26.38%
PM (TTM) 21.23%
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.
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
WACC8.85%
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 37.94% 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.
The Revenue has grown by 47.33% in the past year. This is a very strong growth!
PLMR shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 37.35% yearly.
EPS 1Y (TTM)37.94%
EPS 3Y35.41%
EPS 5Y23.66%
EPS Q2Q%36.94%
Revenue 1Y (TTM)47.33%
Revenue growth 3Y30.75%
Revenue growth 5Y37.35%
Sales Q2Q%23.28%

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 20.51% on average per year.
Based on estimates for the next years, PLMR will show a quite strong growth in Revenue. The Revenue will grow by 16.96% on average per year.
EPS Next Y32.11%
EPS Next 2Y24.81%
EPS Next 3Y20.51%
EPS Next 5YN/A
Revenue Next Year25.64%
Revenue Next 2Y23.35%
Revenue Next 3Y16.96%
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.
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.
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

PLMR is valuated quite expensively with a Price/Earnings ratio of 29.83.
Based on the Price/Earnings ratio, PLMR is valued a bit more expensive than 76.22% of the companies in the same industry.
PLMR is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.22, which is the current average of the S&P500 Index.
PLMR is valuated rather expensively with a Price/Forward Earnings ratio of 22.58.
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 69.93% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of PLMR to the average of the S&P500 Index (20.86), we can say PLMR is valued inline with the index average.
Industry RankSector Rank
PE 29.83
Fwd PE 22.58
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.
PLMR's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 15.91
EV/EBITDA 24.93
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.
A more expensive valuation may be justified as PLMR's earnings are expected to grow with 20.51% in the coming years.
PEG (NY)0.93
PEG (5Y)1.26
EPS Next 2Y24.81%
EPS Next 3Y20.51%

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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 (5/2/2025, 8:17:33 PM)

After market: 151.81 0 (0%)

151.81

+7.75 (+5.38%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-12 2025-02-12/amc
Earnings (Next)05-05 2025-05-05/amc
Inst Owners94.85%
Inst Owner Change0.59%
Ins Owners2.88%
Ins Owner Change6.63%
Market Cap4.06B
Analysts78.67
Price Target159.32 (4.95%)
Short Float %2.42%
Short Ratio2.19
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)18.78%
Min EPS beat(2)16.55%
Max EPS beat(2)21.01%
EPS beat(4)4
Avg EPS beat(4)16.09%
Min EPS beat(4)12.71%
Max EPS beat(4)21.01%
EPS beat(8)8
Avg EPS beat(8)13.78%
EPS beat(12)11
Avg EPS beat(12)6.75%
EPS beat(16)14
Avg EPS beat(16)6.77%
Revenue beat(2)0
Avg Revenue beat(2)-4.71%
Min Revenue beat(2)-7.57%
Max Revenue beat(2)-1.85%
Revenue beat(4)2
Avg Revenue beat(4)3.12%
Min Revenue beat(4)-7.57%
Max Revenue beat(4)11.48%
Revenue beat(8)3
Avg Revenue beat(8)0.02%
Revenue beat(12)3
Avg Revenue beat(12)-19.65%
Revenue beat(16)3
Avg Revenue beat(16)-27.27%
PT rev (1m)8.32%
PT rev (3m)37.22%
EPS NQ rev (1m)-0.08%
EPS NQ rev (3m)10.65%
EPS NY rev (1m)0.62%
EPS NY rev (3m)12.69%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.05%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)3.67%
Valuation
Industry RankSector Rank
PE 29.83
Fwd PE 22.58
P/S 7.33
P/FCF 15.91
P/OCF 15.54
P/B 5.57
P/tB 5.67
EV/EBITDA 24.93
EPS(TTM)5.09
EY3.35%
EPS(NY)6.72
Fwd EY4.43%
FCF(TTM)9.54
FCFY6.29%
OCF(TTM)9.77
OCFY6.44%
SpS20.72
BVpS27.27
TBVpS26.78
PEG (NY)0.93
PEG (5Y)1.26
Profitability
Industry RankSector Rank
ROA 5.2%
ROE 16.13%
ROCE 6.67%
ROIC 5.14%
ROICexc 5.33%
ROICexgc 8.49%
OM 26.38%
PM (TTM) 21.23%
GM N/A
FCFM 46.06%
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 118.41%
Cap/Sales 1.09%
Interest Coverage 139.44
Cash Conversion 172.68%
Profit Quality 216.98%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC8.85%
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)37.94%
EPS 3Y35.41%
EPS 5Y23.66%
EPS Q2Q%36.94%
EPS Next Y32.11%
EPS Next 2Y24.81%
EPS Next 3Y20.51%
EPS Next 5YN/A
Revenue 1Y (TTM)47.33%
Revenue growth 3Y30.75%
Revenue growth 5Y37.35%
Sales Q2Q%23.28%
Revenue Next Year25.64%
Revenue Next 2Y23.35%
Revenue Next 3Y16.96%
Revenue Next 5YN/A
EBIT growth 1Y36.05%
EBIT growth 3Y36.71%
EBIT growth 5Y50.23%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y145.74%
FCF growth 3Y45.45%
FCF growth 5Y43.72%
OCF growth 1Y124.93%
OCF growth 3Y43.81%
OCF growth 5Y42.47%