FedNat Holding
Market Cap
US$140.5m
Last Updated
2020/08/10 23:37 UTC
Data Sources
Company Financials +
Executive Summary
FedNat Holding Company, through its subsidiaries, engages in the insurance underwriting, distribution, and claims processing business in Florida, Louisiana, South Carolina, Texas, and Alabama.
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with imperfect balance sheet.
Similar Companies
Share Price & News
How has FedNat Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FNHC's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
12.1%
FNHC
4.1%
US Insurance
1.2%
US Market
1 Year Return
-25.9%
FNHC
-10.8%
US Insurance
16.8%
US Market
Return vs Industry: FNHC underperformed the US Insurance industry which returned -11.7% over the past year.
Return vs Market: FNHC underperformed the US Market which returned 16.4% over the past year.
Shareholder returns
| FNHC | Industry | Market | |
|---|---|---|---|
| 7 Day | 12.1% | 4.1% | 1.2% |
| 30 Day | -1.8% | 8.6% | 4.9% |
| 90 Day | -8.8% | 22.3% | 20.0% |
| 1 Year | -23.9%-25.9% | -8.5%-10.8% | 19.3%16.8% |
| 3 Year | -35.3%-39.0% | 6.0%-1.9% | 43.7%34.4% |
| 5 Year | -53.7%-57.4% | 36.4%19.3% | 75.5%56.6% |
Price Volatility Vs. Market
How volatile is FedNat Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Dividend Investors: Don't Be Too Quick To Buy FedNat Holding Company (NASDAQ:FNHC) For Its Upcoming Dividend2 weeks ago | Simply Wall St
Factors Income Investors Should Consider Before Adding FedNat Holding Company (NASDAQ:FNHC) To Their Portfolio1 month ago | Simply Wall St
How Much Is FedNat Holding Company (NASDAQ:FNHC) CEO Getting Paid?Valuation
Is FedNat Holding undervalued compared to its fair value and its price relative to the market?
0.63x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate FNHC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate FNHC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: FNHC is unprofitable, so we can't compare its PE Ratio to the US Insurance industry average.
PE vs Market: FNHC is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FNHC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FNHC is good value based on its PB Ratio (0.6x) compared to the US Insurance industry average (0.9x).
Next Steps
Future Growth
How is FedNat Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
147.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FNHC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: FNHC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: FNHC's is expected to become profitable in the next 3 years.
Revenue vs Market: FNHC's revenue (9.6% per year) is forecast to grow faster than the US market (9.4% per year).
High Growth Revenue: FNHC's revenue (9.6% 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 FNHC's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has FedNat Holding performed over the past 5 years?
-47.8%
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 47.8% 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 (-4.8%).
Return on Equity
High ROE: FNHC has a negative Return on Equity (-9.73%), as it is currently unprofitable.
Next Steps
Financial Health
How is FedNat Holding's financial position?
Financial Position Analysis
Short Term Liabilities: FNHC's short term assets ($535.2M) exceed its short term liabilities ($451.6M).
Long Term Liabilities: FNHC's short term assets ($535.2M) do not cover its long term liabilities ($541.5M).
Debt to Equity History and Analysis
Debt Level: FNHC's debt to equity ratio (44.5%) is considered high.
Reducing Debt: FNHC's debt to equity ratio has increased from 2.2% to 44.5% over the past 5 years.
Debt Coverage: FNHC's debt is well covered by operating cash flow (67.8%).
Interest Coverage: Insufficient data to determine if FNHC's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is FedNat Holding current dividend yield, its reliability and sustainability?
3.51%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: FNHC's dividend (3.51%) is higher than the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: FNHC's dividend (3.51%) is low compared to the top 25% of dividend payers in the US market (4.35%).
Stability and Growth of Payments
Stable Dividend: FNHC's dividend payments have been volatile in the past 10 years.
Growing Dividend: FNHC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: FNHC is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.7yrs
Average management tenure
CEO
Michael Braun (53 yo)
12.08yrs
Tenure
US$1,716,800
Compensation
Mr. Michael H. Braun has been the Chief Executive Officer of FedNat Holding Company (formerly known as Federated National Holding Company) (21st Century Holding Co.) since July 1, 2008 and has been its Pre ...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD1.72M) is above average for companies of similar size in the US market ($USD593.60K).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 12.08yrs | US$1.72m | 4.73% $ 6.6m | |
| Chief Financial Officer | 3.33yrs | US$606.05k | 0.35% $ 487.4k | |
| Chief Accounting Officer & Treasurer | 3.33yrs | US$252.97k | 0.097% $ 136.6k | |
| VP of Risk Management & Corporate Secretary | no data | US$196.62k | no data | |
| President of Federated National Adjusting Inc | 14.08yrs | no data | no data |
7.7yrs
Average Tenure
53yo
Average Age
Experienced Management: FNHC's management team is seasoned and experienced (7.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 12.08yrs | US$1.72m | 4.73% $ 6.6m | |
| Independent Chairman of the Board | 4.58yrs | US$220.74k | 3.77% $ 5.3m | |
| Independent Director | 4.83yrs | US$197.12k | 0.20% $ 285.6k | |
| Independent Director | 0.83yr | US$39.38k | 0.085% $ 119.1k | |
| Lead Independent Director | 5.33yrs | US$199.74k | 1.31% $ 1.8m | |
| Independent Director | 0.83yr | US$39.38k | 0.085% $ 119.1k | |
| Independent Director | 11.33yrs | US$199.74k | 0.20% $ 285.5k | |
| Independent Director | 4.83yrs | US$194.49k | 0.20% $ 285.6k | |
| Independent Director | 2.92yrs | US$178.74k | 0.16% $ 223.7k |
4.8yrs
Average Tenure
68yo
Average Age
Experienced Board: FNHC'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: 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 been diluted in the past year, with total shares outstanding growing by 6.6%.
Top Shareholders
Company Information
FedNat Holding Company's company bio, 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
- Market Cap: US$140.458m
- Shares outstanding: 13.70m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FNHC | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Nov 1998 |
Biography
FedNat Holding Company, through its subsidiaries, engages in the insurance underwriting, distribution, and claims processing business in Florida, Louisiana, South Carolina, Texas, and Alabama. The company ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/10 23:37 |
| End of Day Share Price | 2020/08/10 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.