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FNHC

FedNat Holding NasdaqGM:FNHC Stock Report

Last Price

US$0.31

Market Cap

US$5.4m

7D

-8.5%

1Y

-92.5%

Updated

29 Jun, 2022

Data

Company Financials
FNHC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

FNHC Stock Overview

FedNat Holding Company, together with its subsidiaries, engages in the insurance underwriting, distribution, and claims processing business in Florida, Louisiana, Texas, Georgia, South Carolina, Alabama, and Mississippi.

FedNat Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for FedNat Holding
Historical stock prices
Current Share PriceUS$0.31
52 Week HighUS$4.15
52 Week LowUS$0.26
Beta1.26
1 Month Change-16.76%
3 Month Change-77.04%
1 Year Change-92.53%
3 Year Change-97.86%
5 Year Change-98.02%
Change since IPO-93.80%

Recent News & Updates

Shareholder Returns

FNHCUS InsuranceUS Market
7D-8.5%2.3%1.6%
1Y-92.5%1.4%-20.8%

Return vs Industry: FNHC underperformed the US Insurance industry which returned 1.9% over the past year.

Return vs Market: FNHC underperformed the US Market which returned -20.4% over the past year.

Price Volatility

Is FNHC's price volatile compared to industry and market?
FNHC volatility
FNHC Average Weekly Movement20.6%
Insurance Industry Average Movement5.0%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: FNHC is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 21% a week.

Volatility Over Time: FNHC's weekly volatility has increased from 14% to 21% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1991341Michael Braunhttps://www.fednat.com

FedNat Holding Company, together with its subsidiaries, engages in the insurance underwriting, distribution, and claims processing business in Florida, Louisiana, Texas, Georgia, South Carolina, Alabama, and Mississippi. The company is involved in the homeowners and casualty insurance; and personal automobile insurance businesses, as well as commercial general liability and federal flood businesses. It markets and distributes its own and third-party insurers’ products, and other services through a network of independent and general agents.

FedNat Holding Fundamentals Summary

How do FedNat Holding's earnings and revenue compare to its market cap?
FNHC fundamental statistics
Market CapUS$5.43m
Earnings (TTM)-US$127.63m
Revenue (TTM)US$235.04m

0.0x

P/S Ratio

0.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FNHC income statement (TTM)
RevenueUS$235.04m
Cost of RevenueUS$309.95m
Gross Profit-US$74.91m
Other ExpensesUS$52.72m
Earnings-US$127.63m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-7.29
Gross Margin-31.87%
Net Profit Margin-54.30%
Debt/Equity Ratio841.0%

How did FNHC perform over the long term?

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

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book 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 FNHC?

Other financial metrics that can be useful for relative valuation.

FNHC 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/Revenue0.2x
Enterprise Value/EBITDA-0.4x
PEG Ration/a

Price to Book Ratio vs Peers

How does FNHC's PB Ratio compare to its peers?

FNHC PB Ratio vs Peers
The above table shows the PB ratio for FNHC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average0.8x
UNAM Unico American
0.4xn/aUS$11.6m
FGF FG Financial Group
1.9xn/aUS$13.8m
CNFR Conifer Holdings
0.5x7.1%US$14.9m
PPHI Positive Physicians Holdings
0.5xn/aUS$31.3m
FNHC FedNat Holding
0.4xn/aUS$5.4m

Price-To-Book vs Peers: FNHC is good value based on its Price-To-Book Ratio (0.4x) compared to the peer average (0.8x).


Price to Earnings Ratio vs Industry

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

Price-To-Book vs Industry: FNHC is good value based on its Price-To-Book Ratio (0.4x) compared to the US Insurance industry average (1x)


Price to Book Ratio vs Fair Ratio

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

FNHC PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.4x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate FNHC's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

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

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


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FNHC's PEG Ratio to determine if it is good value.


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Future Growth

How is FedNat Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.8%

Forecasted Insurance industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as FedNat Holding has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Take a look at our analysis of FNHC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has FedNat Holding performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-71.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FNHC is currently unprofitable.

Growing Profit Margin: FNHC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FNHC is unprofitable, and losses have increased over the past 5 years at a rate of 71.7% per year.

Accelerating Growth: Unable to compare FNHC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FNHC is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (-2.6%).


Return on Equity

High ROE: FNHC has a negative Return on Equity (-902.7%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is FedNat Holding's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: FNHC's short term assets ($878.3M) exceed its short term liabilities ($362.8M).

Long Term Liabilities: FNHC's short term assets ($878.3M) exceed its long term liabilities ($825.0M).


Debt to Equity History and Analysis

Debt Level: FNHC's net debt to equity ratio (223.1%) is considered high.

Reducing Debt: FNHC's debt to equity ratio has increased from 2% to 841% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: FNHC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: FNHC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 56.9% each year


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Dividend

What is FedNat Holding 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 FNHC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FNHC'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 FNHC's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

Earnings Coverage: FNHC is not paying a notable dividend for the US market.


Cash Payout to Shareholders

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


Discover strong dividend paying companies

Management

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

14.0yrs

Average management tenure


CEO

Michael Braun (54 yo)

13.92yrs

Tenure

US$1,269,416

Compensation

Mr. Michael H. Braun has been the Chief Executive Officer of FedNat Holding Company (formerly known as Federated National Holding Company) (21st Century Holding Co.) since July 1, 2008 and has been its Pre...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD1.27M) is above average for companies of similar size in the US market ($USD759.63K).

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


Leadership Team

Experienced Management: FNHC's management team is seasoned and experienced (14 years average tenure).


Board Members

Experienced Board: FNHC's board of directors are considered experienced (6.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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

FedNat Holding Company's employee growth, exchange listings and data sources


Key Information

  • Name: FedNat Holding Company
  • Ticker: FNHC
  • Exchange: NasdaqGM
  • Founded: 1991
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Implied Market Cap: US$5.431m
  • Shares outstanding: 17.52m
  • Website: https://www.fednat.com

Number of Employees


Location

  • FedNat Holding Company
  • 14050 N.W. 14th Street
  • Suite 180
  • Sunrise
  • Florida
  • 33323
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 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.