PALOMAR HOLDINGS INC (PLMR)
US69753M1053 - Common Stock
PLMR gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals 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 expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
In the past year PLMR was profitable.
PLMR had a positive operating cash flow in the past year.
Each year in the past 5 years PLMR has been profitable.
In the past 5 years PLMR always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 4.78%, PLMR belongs to the best of the industry, outperforming 82.01% of the companies in the same industry.
PLMR's Return On Equity of 18.11% is fine compared to the rest of the industry. PLMR outperforms 76.98% of its industry peers.
PLMR has a Return On Invested Capital of 4.84%. This is amongst the best in the industry. PLMR outperforms 82.01% 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 4.27%.
The 3 year average ROIC (4.65%) for PLMR is below the current ROIC(4.84%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.78% | ||
| ROE | 18.11% | ||
| ROIC | 4.84% |
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 (21.63%) than 87.77% of its industry peers.
In the last couple of years the Profit Margin of PLMR has declined.
The Operating Margin of PLMR (27.77%) is better than 90.65% of its industry peers.
PLMR's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.77% | ||
| PM (TTM) | 21.63% | ||
| 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.
PLMR has less shares outstanding than it did 1 year ago.
PLMR has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, PLMR has a worse debt to assets ratio.
2.2 Solvency
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.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACC0.54
WACC9.01%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
PLMR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 37.65%, which is quite impressive.
PLMR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 31.02% yearly.
PLMR shows a strong growth in Revenue. In the last year, the Revenue has grown by 40.18%.
The Revenue has been growing by 38.79% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)37.65%
EPS 3Y115.25%
EPS 5Y31.02%
EPS Q2Q%33.7%
Revenue 1Y (TTM)40.18%
Revenue growth 3Y30.67%
Revenue growth 5Y38.79%
Sales Q2Q%32.16%
3.2 Future
The Earnings Per Share is expected to grow by 23.51% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 24.19% on average over the next years. This is a very strong growth
EPS Next Y32.34%
EPS Next 2Y27.11%
EPS Next 3Y23.51%
EPS Next 5YN/A
Revenue Next Year36.07%
Revenue Next 2Y27.6%
Revenue Next 3Y24.19%
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
PLMR is valuated rather expensively with a Price/Earnings ratio of 23.22.
PLMR's Price/Earnings ratio is a bit more expensive when compared to the industry. PLMR is more expensive than 65.47% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.96, PLMR is valued at the same level.
PLMR is valuated rather expensively with a Price/Forward Earnings ratio of 18.23.
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 63.31% 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 (23.82), we can say PLMR is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.22 | ||
| Fwd PE | 18.23 |
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 60.43% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, PLMR is valued a bit more expensive than the industry average as 63.31% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.4 | ||
| EV/EBITDA | 21.98 |
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 a very decent profitability rating, which may justify a higher PE ratio.
PLMR's earnings are expected to grow with 23.51% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.72
PEG (5Y)0.75
EPS Next 2Y27.11%
EPS Next 3Y23.51%
5. Dividend
5.1 Amount
No dividends for PLMR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
PALOMAR HOLDINGS INC
NASDAQ:PLMR (11/21/2024, 4:32:25 PM)
After market: 108.67 0 (0%)108.67
+0.28 (+0.26%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.88B
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(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.22 | ||
| Fwd PE | 18.23 | ||
| 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)0.72
PEG (5Y)0.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.78% | ||
| ROE | 18.11% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 27.77% | ||
| PM (TTM) | 21.63% | ||
| 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 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)37.65%
EPS 3Y115.25%
EPS 5Y
EPS Q2Q%
EPS Next Y32.34%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)40.18%
Revenue growth 3Y30.67%
Revenue growth 5Y
Sales 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