Overall PLMR gets a fundamental rating of 6 out of 10. We evaluated PLMR against 148 industry peers in the Insurance industry. PLMR scores excellent on profitability, 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.

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1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

In the past year PLMR was profitable.
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

The Return On Assets of PLMR (5.97%) is better than 87.16% of its industry peers.
Looking at the Return On Equity, with a value of 20.03%, PLMR belongs to the top of the industry, outperforming 87.16% of the companies in the same industry.
PLMR has a better Return On Invested Capital (5.92%) than 85.14% of its industry peers.
PLMR had an Average Return On Invested Capital over the past 3 years of 4.75%. This is significantly below the industry average of 14.94%.
The last Return On Invested Capital (5.92%) for PLMR is above the 3 year average (4.75%), which is a sign of increasing profitability.

		Industry Rank	Sector Rank
ROA	5.97%
ROE	20.03%
ROIC	5.92%

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

With an excellent Profit Margin value of 22.94%, PLMR belongs to the best of the industry, outperforming 93.24% of the companies in the same industry.
PLMR's Profit Margin has improved in the last couple of years.
The Operating Margin of PLMR (28.38%) is better than 89.86% of its industry peers.
PLMR's Operating Margin has improved in the last couple of years.

		Industry Rank	Sector Rank
OM	28.38%
PM (TTM)	22.94%
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

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ROA

ROE

ROIC

Operating and Profit Margin

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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.
Compared to 5 years ago, PLMR has more shares outstanding
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/WACC0.67

WACC8.85%

2.3 Liquidity

		Industry Rank	Sector Rank
Current Ratio	N/A
Quick Ratio	N/A

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 52.99% over the past year.
PLMR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.66% yearly.
The Revenue has grown by 52.27% 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)52.99%

EPS 3Y35.41%

EPS 5Y23.66%

EPS Q2Q%63.41%

Revenue 1Y (TTM)52.27%

Revenue growth 3Y30.75%

Revenue growth 5Y37.35%

Sales Q2Q%43.9%

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 25.38% on average per year.
Based on estimates for the next years, PLMR will show a very strong growth in Revenue. The Revenue will grow by 22.31% on average per year.

EPS Next Y54.87%

EPS Next 2Y31.58%

EPS Next 3Y25.38%

EPS Next 5YN/A

Revenue Next Year30.53%

Revenue Next 2Y25.3%

Revenue Next 3Y22.31%

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.

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 17.26 indicates a rather expensive valuation of PLMR.
PLMR's Price/Earnings ratio is a bit more expensive when compared to the industry. PLMR is more expensive than 64.19% of the companies in the same industry.
PLMR's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.32.
The Price/Forward Earnings ratio is 14.03, which indicates a correct valuation of PLMR.
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 60.81% 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 (25.57), we can say PLMR is valued slightly cheaper.

		Industry Rank	Sector Rank
PE	17.26
Fwd PE	14.03

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 60.81% of the companies listed 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	11.05
EV/EBITDA	14.2

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.
A more expensive valuation may be justified as PLMR's earnings are expected to grow with 25.38% in the coming years.