Taking everything into account, PLMR scores 6 out of 10 in our fundamental rating. PLMR was compared to 148 industry peers in the Insurance industry. While PLMR belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. PLMR is growing strongly while it is still valued neutral. This is a good combination!

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1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

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.
In the past 5 years PLMR has always been profitable.
In the past 5 years PLMR always reported a positive cash flow from operatings.

1.2 Ratios

PLMR's Return On Assets of 5.97% is amongst the best of the industry. PLMR outperforms 87.16% of its industry peers.
PLMR has a better Return On Equity (20.03%) than 87.16% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.92%, PLMR belongs to the top of the industry, outperforming 85.14% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for PLMR is significantly below the industry average of 14.93%.
The 3 year average ROIC (4.75%) for PLMR is below the current ROIC(5.92%), indicating increased profibility in the last year.

		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

The Profit Margin of PLMR (22.94%) is better than 93.24% of its industry peers.
In the last couple of years the Profit Margin of PLMR has grown nicely.
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

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PLMR is destroying value.
Compared to 1 year ago, PLMR has more shares outstanding
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.

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

WACC8.83%

2.3 Liquidity

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

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WACC

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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.
PLMR shows a strong growth in Revenue. In the last year, the Revenue has grown by 52.27%.
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

PLMR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.38% yearly.
PLMR is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 22.31% yearly.

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

Based on the Price/Earnings ratio of 17.45, the valuation of PLMR can be described as rather expensive.
Based on the Price/Earnings ratio, PLMR is valued a bit more expensive than the industry average as 64.19% of the companies are valued more cheaply.
PLMR's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.21.
Based on the Price/Forward Earnings ratio of 14.18, the valuation of PLMR can be described as correct.
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.
Compared to an average S&P500 Price/Forward Earnings ratio of 25.98, PLMR is valued a bit cheaper.

		Industry Rank	Sector Rank
PE	17.45
Fwd PE	14.18

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 60.81% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as PLMR.

		Industry Rank	Sector Rank
P/FCF	11.17
EV/EBITDA	14.37

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.
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 25.38% in the coming years.