| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | US$0.31 |
| 52 Week High | US$4.15 |
| 52 Week Low | US$0.26 |
| Beta | 1.26 |
| 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
| FNHC | US Insurance | US 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
| FNHC volatility | |
|---|---|
| FNHC Average Weekly Movement | 20.6% |
| Insurance Industry Average Movement | 5.0% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.2% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1991 | 341 | Michael Braun | https://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
| FNHC fundamental statistics | |
|---|---|
| Market Cap | US$5.43m |
| Earnings (TTM) | -US$127.63m |
| Revenue (TTM) | US$235.04m |
0.0x
P/S Ratio0.0x
P/E RatioIs FNHC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FNHC income statement (TTM) | |
|---|---|
| Revenue | US$235.04m |
| Cost of Revenue | US$309.95m |
| Gross Profit | -US$74.91m |
| Other Expenses | US$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 Ratio | 841.0% |
How did FNHC perform over the long term?
See historical performance and comparisonValuation
Is FNHC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation 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.
| What is FNHC's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$5.43m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.2x |
| Enterprise Value/EBITDA | -0.4x |
| PEG Ratio | n/a |
Price to Book Ratio vs Peers
How does FNHC's PB Ratio compare to its peers?
| FNHC PB Ratio vs Peers |
|---|
| Company | PB | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 0.8x | ||
UNAM Unico American | 0.4x | n/a | US$11.6m |
FGF FG Financial Group | 1.9x | n/a | US$13.8m |
CNFR Conifer Holdings | 0.5x | 7.1% | US$14.9m |
PPHI Positive Physicians Holdings | 0.5x | n/a | US$31.3m |
FNHC FedNat Holding | 0.4x | n/a | US$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.
| Fair Ratio | |
|---|---|
| Current PB Ratio | 0.4x |
| Fair PB Ratio | n/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
0/6Future 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.
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- 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
0/6Past 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
2/6Financial 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
0/6Dividend 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.
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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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/29 00:00 |
| End of Day Share Price | 2022/06/29 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.