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CNFR

Conifer Holdings NasdaqGM:CNFR Stock Report

Last Price

US$1.65

Market Cap

US$16.0m

7D

0%

1Y

-40.0%

Updated

27 Jun, 2022

Data

Company Financials +
CNFR fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance2/6
Financial Health1/6
Dividends0/6

CNFR Stock Overview

Conifer Holdings, Inc., an insurance holding company, engages in the sale of property and casualty insurance products.

Conifer Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Conifer Holdings
Historical stock prices
Current Share PriceUS$1.65
52 Week HighUS$4.33
52 Week LowUS$1.28
Beta1.18
1 Month Change11.49%
3 Month Change-30.96%
1 Year Change-40.00%
3 Year Change-57.91%
5 Year Change-76.26%
Change since IPO-84.43%

Recent News & Updates

May 14
Conifer Holdings, Inc. (NASDAQ:CNFR) Shares May Have Slumped 30% But Getting In Cheap Is Still Unlikely

Conifer Holdings, Inc. (NASDAQ:CNFR) Shares May Have Slumped 30% But Getting In Cheap Is Still Unlikely

The Conifer Holdings, Inc. ( NASDAQ:CNFR ) share price has fared very poorly over the last month, falling by a...

Shareholder Returns

CNFRUS InsuranceUS Market
7D0%5.5%6.6%
1Y-40.0%1.6%-18.4%

Return vs Industry: CNFR underperformed the US Insurance industry which returned 1.6% over the past year.

Return vs Market: CNFR underperformed the US Market which returned -18.4% over the past year.

Price Volatility

Is CNFR's price volatile compared to industry and market?
CNFR volatility
CNFR Average Weekly Movement11.5%
Insurance Industry Average Movement5.0%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: CNFR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: CNFR's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2009151Jim Petcoffhttps://www.cnfrh.com

Conifer Holdings, Inc., an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies.

Conifer Holdings Fundamentals Summary

How do Conifer Holdings's earnings and revenue compare to its market cap?
CNFR fundamental statistics
Market CapUS$16.03m
Earnings (TTM)US$672.00k
Revenue (TTM)US$103.37m

23.9x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CNFR income statement (TTM)
RevenueUS$103.37m
Cost of RevenueUS$95.68m
Gross ProfitUS$7.69m
Other ExpensesUS$7.01m
EarningsUS$672.00k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.069
Gross Margin7.43%
Net Profit Margin0.65%
Debt/Equity Ratio127.2%

How did CNFR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is CNFR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CNFR?

Other financial metrics that can be useful for relative valuation.

CNFR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA-5.7x
PEG Ratio3.4x

Price to Earnings Ratio vs Peers

How does CNFR's PE Ratio compare to its peers?

CNFR PE Ratio vs Peers
The above table shows the PE ratio for CNFR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average107.9x
ACMT.A ACMAT
349.1xn/aUS$27.0m
NSEC National Security Group
50.3xn/aUS$41.4m
ICCH ICC Holdings
17.8xn/aUS$50.2m
TIG Trean Insurance Group
14.5x7.4%US$323.0m
CNFR Conifer Holdings
23.9x7.1%US$16.0m

Price-To-Earnings vs Peers: CNFR is good value based on its Price-To-Earnings Ratio (23.9x) compared to the peer average (107.9x).


Price to Earnings Ratio vs Industry

How does CNFR's PE Ratio compare vs other companies in the US Insurance Industry?

Price-To-Earnings vs Industry: CNFR is expensive based on its Price-To-Earnings Ratio (23.9x) compared to the US Insurance industry average (12x)


Price to Earnings Ratio vs Fair Ratio

What is CNFR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CNFR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.9x
Fair PE Ratio16.1x

Price-To-Earnings vs Fair Ratio: CNFR is expensive based on its Price-To-Earnings Ratio (23.9x) compared to the estimated Fair Price-To-Earnings Ratio (16.1x).


Share Price vs Fair Value

What is the Fair Price of CNFR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate CNFR's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate CNFR's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: CNFR is poor value based on its PEG Ratio (3.4x)


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Future Growth

How is Conifer Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CNFR's forecast earnings growth (7.1% per year) is above the savings rate (1.9%).

Earnings vs Market: CNFR's earnings (7.1% per year) are forecast to grow slower than the US market (13.9% per year).

High Growth Earnings: CNFR's earnings are forecast to grow, but not significantly.

Revenue vs Market: CNFR's revenue (7.8% per year) is forecast to grow slower than the US market (8.4% per year).

High Growth Revenue: CNFR's revenue (7.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CNFR's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Conifer Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


45.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CNFR has a large one-off gain of $11.7M impacting its March 31 2022 financial results.

Growing Profit Margin: CNFR's current net profit margins (0.7%) are higher than last year (0.6%).


Past Earnings Growth Analysis

Earnings Trend: CNFR has become profitable over the past 5 years, growing earnings by 45.2% per year.

Accelerating Growth: CNFR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CNFR had negative earnings growth (-1.8%) over the past year, making it difficult to compare to the Insurance industry average (-2.6%).


Return on Equity

High ROE: CNFR's Return on Equity (2.2%) is considered low.


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Financial Health

How is Conifer Holdings's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CNFR's short term assets ($109.9M) do not cover its short term liabilities ($220.9M).

Long Term Liabilities: CNFR's short term assets ($109.9M) exceed its long term liabilities ($33.6M).


Debt to Equity History and Analysis

Debt Level: CNFR's net debt to equity ratio (41.5%) is considered high.

Reducing Debt: CNFR's debt to equity ratio has increased from 25.7% to 127.2% over the past 5 years.

Debt Coverage: CNFR's debt is not well covered by operating cash flow (0.8%).

Interest Coverage: Insufficient data to determine if CNFR's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Conifer Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate CNFR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CNFR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CNFR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CNFR's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CNFR has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

6.4yrs

Average management tenure


CEO

Jim Petcoff (65 yo)

0.25

Tenure

US$561,200

Compensation

Mr. James George Petcoff, also known as Jim, J.D, had been the Chairman and Chief Executive Officer of Conifer Holdings, Inc. since 2009 until March 8, 2022 and now serves as its Executive Chairman and Co-...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD561.20K) is about average for companies of similar size in the US market ($USD749.40K).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CNFR's management team is seasoned and experienced (6.4 years average tenure).


Board Members

Experienced Board: CNFR's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CNFR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Conifer Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Conifer Holdings, Inc.
  • Ticker: CNFR
  • Exchange: NasdaqGM
  • Founded: 2009
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Implied Market Cap: US$16.030m
  • Shares outstanding: 9.72m
  • Website: https://www.cnfrh.com

Number of Employees


Location

  • Conifer Holdings, Inc.
  • 550 West Merrill Street
  • Suite 200
  • Birmingham
  • Michigan
  • 48009
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.