PALOMAR HOLDINGS INC (PLMR)
US69753M1053 - Common Stock
We assign a fundamental rating of 5 out of 10 to PLMR. PLMR was compared to 141 industry peers in the Insurance industry. Both the profitability and the financial health of PLMR get a neutral evaluation. Nothing too spectacular is happening here. PLMR is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
PLMR had positive earnings in the past year.
In the past year PLMR had a positive cash flow from operations.
PLMR had positive earnings in each of the past 5 years.
PLMR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PLMR has a Return On Assets of 4.77%. This is in the better half of the industry: PLMR outperforms 77.86% of its industry peers.
PLMR has a Return On Equity of 15.43%. This is in the better half of the industry: PLMR outperforms 65.71% 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 80.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PLMR is in line with the industry average of 4.38%.
The 3 year average ROIC (4.65%) for PLMR is below the current ROIC(4.69%), indicating increased profibility in the last year.
| 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's Profit Margin of 21.55% is amongst the best of the industry. PLMR outperforms 85.00% 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 90.00% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PLMR 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.
PLMR has a worse debt/assets ratio than last year.
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/WACC0.51
WACC9.12%
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.
The Earnings Per Share has been growing by 31.02% on average over the past years. This is a very strong growth
The Revenue has grown by 40.18% in the past year. This is a very strong growth!
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
PLMR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.71% yearly.
Based on estimates for the next years, PLMR will show a very strong growth in Revenue. The Revenue will grow by 25.72% on average per year.
EPS Next Y32.34%
EPS Next 2Y27.17%
EPS Next 3Y23.71%
EPS Next 5YN/A
Revenue Next Year35.63%
Revenue Next 2Y28%
Revenue Next 3Y25.72%
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.
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
Based on the Price/Earnings ratio of 22.42, 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 68.57% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 27.20. PLMR is around the same levels.
The Price/Forward Earnings ratio is 17.58, which indicates a rather expensive current 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 65.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.73. PLMR is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.42 | ||
| Fwd PE | 17.58 |
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 60.00% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PLMR is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.54 | ||
| EV/EBITDA | 19.38 |
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 a very decent profitability rating, which may justify a higher PE ratio.
PLMR's earnings are expected to grow with 23.71% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.69
PEG (5Y)0.72
EPS Next 2Y27.17%
EPS Next 3Y23.71%
5. Dividend
5.1 Amount
PLMR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
PALOMAR HOLDINGS INC
NASDAQ:PLMR (12/20/2024, 8:00:00 PM)
Premarket: 105.6 +0.67 (+0.64%)104.93
+1.12 (+1.08%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners90.18%
Inst Owner Change5.95%
Ins Owners2.9%
Ins Owner Change-0.66%
Market Cap2.78B
Analysts78.67
Price Target111.86 (6.6%)
Short Float %1.58%
Short Ratio2.74
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/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)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)2.97%
PT rev (3m)1.73%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.11%
EPS NY rev (1m)0%
EPS NY rev (3m)0.8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.29%
Revenue NY rev (1m)-0.32%
Revenue NY rev (3m)-1.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.42 | ||
| Fwd PE | 17.58 | ||
| P/S | 5.52 | ||
| P/FCF | 13.54 | ||
| P/OCF | 13.17 | ||
| P/B | 3.95 | ||
| P/tB | 4.01 | ||
| EV/EBITDA | 19.38 |
EPS(TTM)4.68
EY4.46%
EPS(NY)5.97
Fwd EY5.69%
FCF(TTM)7.75
FCFY7.39%
OCF(TTM)7.96
OCFY7.59%
SpS19.02
BVpS26.57
TBVpS26.15
PEG (NY)0.69
PEG (5Y)0.72
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
WACC9.12%
ROIC/WACC0.51
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 Y32.34%
EPS Next 2Y27.17%
EPS Next 3Y23.71%
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%
Revenue Next 3Y25.72%
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%