PALOMAR HOLDINGS INC (PLMR) Stock Fundamental Analysis
NASDAQ:PLMR - Nasdaq - US69753M1053 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to PLMR. PLMR was compared to 144 industry peers in the Insurance industry. PLMR has only an average score on both its financial health and profitability. PLMR is not priced too expensively while it is growing strongly. Keep and eye on this one!
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.
In the past 5 years PLMR always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 4.77%, PLMR is doing good in the industry, outperforming 76.76% of the companies in the same industry.
PLMR has a better Return On Equity (15.43%) than 65.49% of its industry peers.
PLMR has a Return On Invested Capital of 4.69%. This is in the better half of the industry: PLMR outperforms 78.87% of its industry peers.
PLMR had an Average Return On Invested Capital over the past 3 years of 4.65%. This is in line with the industry average of 4.58%.
The last Return On Invested Capital (4.69%) for PLMR is above the 3 year average (4.65%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.77% | ||
| ROE | 15.43% | ||
| ROIC | 4.69% |
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 Profit Margin of 21.55%. This is amongst the best in the industry. PLMR outperforms 85.21% of its industry peers.
PLMR's Profit Margin has declined in the last couple of years.
PLMR has a better Operating Margin (26.68%) than 89.44% of its industry peers.
PLMR's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.68% | ||
| PM (TTM) | 21.55% | ||
| 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
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 reduced compared to 1 year ago.
The number of shares outstanding for PLMR has been increased compared to 5 years ago.
PLMR has a worse debt/assets ratio than last year.
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/WACC0.52
WACC9.03%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 37.65% over the past year.
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
Based on estimates for the next years, PLMR will show a very strong growth in Earnings Per Share. The EPS will grow by 24.20% on average per year.
The Revenue is expected to grow by 26.05% on average over the next years. This is a very strong growth
EPS Next Y32.67%
EPS Next 2Y27.59%
EPS Next 3Y24.2%
EPS Next 5YN/A
Revenue Next Year35.63%
Revenue Next 2Y28.21%
Revenue Next 3Y26.05%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 23.42, which indicates a rather expensive current valuation of PLMR.
PLMR's Price/Earnings ratio is a bit more expensive when compared to the industry. PLMR is more expensive than 70.42% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.28. PLMR is around the same levels.
With a Price/Forward Earnings ratio of 18.25, PLMR is valued on the expensive side.
Based on the Price/Forward Earnings ratio, PLMR is valued a bit more expensive than 65.49% of the companies in the same industry.
PLMR is valuated cheaply when we compare the Price/Forward Earnings ratio to 96.20, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.42 | ||
| Fwd PE | 18.25 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as PLMR.
The rest of the industry has a similar Price/Free Cash Flow ratio as PLMR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.14 | ||
| EV/EBITDA | 20.49 |
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 decent profitability rating of PLMR may justify a higher PE ratio.
PLMR's earnings are expected to grow with 24.20% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.72
PEG (5Y)0.76
EPS Next 2Y27.59%
EPS Next 3Y24.2%
5. Dividend
5.1 Amount
PLMR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
PALOMAR HOLDINGS INC
NASDAQ:PLMR (2/7/2025, 10:54:34 AM)
109.61
-1.12 (-1.01%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners90.18%
Inst Owner Change-1.46%
Ins Owners2.9%
Ins Owner Change6.73%
Market Cap2.90B
Analysts78.67
Price Target123.93 (13.06%)
Short Float %1.88%
Short Ratio3.36
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
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)14.63%
Min EPS beat(2)12.71%
Max EPS beat(2)16.55%
EPS beat(4)4
Avg EPS beat(4)14.84%
Min EPS beat(4)12.71%
Max EPS beat(4)16.55%
EPS beat(8)8
Avg EPS beat(8)12.16%
EPS beat(12)11
Avg EPS beat(12)6.16%
EPS beat(16)13
Avg EPS beat(16)-57.29%
Revenue beat(2)1
Avg Revenue beat(2)1.96%
Min Revenue beat(2)-7.57%
Max Revenue beat(2)11.48%
Revenue beat(4)2
Avg Revenue beat(4)3.54%
Min Revenue beat(4)-7.57%
Max Revenue beat(4)11.48%
Revenue beat(8)3
Avg Revenue beat(8)-7.35%
Revenue beat(12)3
Avg Revenue beat(12)-23.58%
Revenue beat(16)3
Avg Revenue beat(16)-30.9%
PT rev (1m)6.74%
PT rev (3m)14.08%
EPS NQ rev (1m)1.06%
EPS NQ rev (3m)-7.14%
EPS NY rev (1m)0.26%
EPS NY rev (3m)1.05%
Revenue NQ rev (1m)-1.24%
Revenue NQ rev (3m)1.02%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.42 | ||
| Fwd PE | 18.25 | ||
| P/S | 5.76 | ||
| P/FCF | 14.14 | ||
| P/OCF | 13.76 | ||
| P/B | 4.13 | ||
| P/tB | 4.19 | ||
| EV/EBITDA | 20.49 |
EPS(TTM)4.68
EY4.27%
EPS(NY)6.01
Fwd EY5.48%
FCF(TTM)7.75
FCFY7.07%
OCF(TTM)7.96
OCFY7.27%
SpS19.02
BVpS26.57
TBVpS26.15
PEG (NY)0.72
PEG (5Y)0.76
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.77% | ||
| ROE | 15.43% | ||
| ROCE | 6.1% | ||
| ROIC | 4.69% | ||
| ROICexc | 4.88% | ||
| ROICexgc | 8.11% | ||
| OM | 26.68% | ||
| PM (TTM) | 21.55% | ||
| GM | N/A | ||
| FCFM | 40.74% |
ROA(3y)4.53%
ROA(5y)3.42%
ROE(3y)14%
ROE(5y)9.71%
ROIC(3y)4.65%
ROIC(5y)3.69%
ROICexc(3y)4.87%
ROICexc(5y)3.91%
ROICexgc(3y)7.6%
ROICexgc(5y)5.78%
ROCE(3y)6.05%
ROCE(5y)4.81%
ROICexcg growth 3Y105.33%
ROICexcg growth 5Y-1.52%
ROICexc growth 3Y93.78%
ROICexc growth 5Y-7.08%
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
F-Score8
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 126.63% | ||
| Cap/Sales | 1.13% | ||
| Interest Coverage | 59.7 | ||
| Cash Conversion | 151.86% | ||
| Profit Quality | 189.05% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score8
WACC9.03%
ROIC/WACC0.52
Cap/Depr(3y)186.45%
Cap/Depr(5y)572.64%
Cap/Sales(3y)2.36%
Cap/Sales(5y)3.25%
Profit Quality(3y)208.5%
Profit Quality(5y)350.89%
High Growth Momentum
Growth
EPS 1Y (TTM)37.65%
EPS 3Y115.25%
EPS 5Y31.02%
EPS Q2Q%33.7%
EPS Next Y32.67%
EPS Next 2Y27.59%
EPS Next 3Y24.2%
EPS Next 5YN/A
Revenue 1Y (TTM)40.18%
Revenue growth 3Y30.67%
Revenue growth 5Y38.79%
Sales Q2Q%32.16%
Revenue Next Year35.63%
Revenue Next 2Y28.21%
Revenue Next 3Y26.05%
Revenue Next 5YN/A
EBIT growth 1Y36.36%
EBIT growth 3Y158.76%
EBIT growth 5Y39.27%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y47.04%
FCF growth 3Y30.79%
FCF growth 5Y35.77%
OCF growth 1Y41.59%
OCF growth 3Y26.39%
OCF growth 5Y38.48%