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Metromile, Inc.NasdaqCM:MILE Stock Report

Market Cap US$136.9m
Share Price
n/a
US$1
n/aintrinsic discount
1Y-85.8%
7D1.0%
1D
Portfolio Value
​
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Metromile, Inc.

NasdaqCM:MILE Stock Report

Market Cap: US$136.9m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Metromile (MILE) Stock Overview

Metromile, Inc. provides insurance policies for automobile owners in the United States. More details

MILE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance0/6
Financial Health4/6
Dividends0/6

Rewards

Revenue is forecast to grow 18.49% per year

Risk Analysis

Has less than 1 year of cash runway

Shareholders have been diluted in the past year

Volatile share price over the past 3 months

Currently unprofitable and not forecast to become profitable over the next 3 years


MILE Community Fair Values

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Metromile, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Metromile
Historical stock prices
Current Share PriceUS$1.05
52 Week HighUS$7.77
52 Week LowUS$0.75
Beta0
1 Month Change9.38%
3 Month Change6.99%
1 Year Change-85.81%
3 Year Changen/a
5 Year Changen/a
Change since IPO-89.23%

Recent News & Updates

Recent updates

Seeking Alpha • Sep 12

Metromile: Despite Heightened Risks, It's Time To Buy The Dip

Metromile has fallen to all-time lows, losing more than 70% of its value since the start of the year. The company has seen reduced demand for new policies as the vaccine rollout has encouraged more frequent driving. At the same time, Metromile's per-mile pricing has also given the company higher premiums from elevated driving rates. Accident loss ratios spiked in Q2, but it's likely a temporary phenomenon. With barely over a ~$500 million market cap, Metromile is worth the risk.
Seeking Alpha • Aug 17

Metromile's Growth Runway Is Just Beginning

This disruptor is in the early stage of its growth runway in the auto insurance industry. A car insurance focus and technology advantages position Metromile well to take market share with its disruptive brand. Stock is incredibly oversold and has 3x potential from here in the coming years.
Seeking Alpha • Aug 10

Metromile: Weaker Q2 And Lower Outlook Sent Shares Down 20%

Q2 results saw Metromile's growth stalling and its losses widening as it struggled to cope with the fading of COVID-19 benefits. 2021 outlook was revised downwards significantly, with policies in force now expected to grow by just 8% year-on-year. We are concerned by the use of commission-based agents, the absence of reinsurance cover and the lack of growth at Metromile Enterprise. At $5.63, even after a 20% fall in after-market trading, shares are trading at 6.7x Premiums in Force, leaving a little margin of safety. Metromile's business model is now more unproven than before, and its valuation remains outside our parameters. Avoid.
Seeking Alpha • Aug 01

Metromile: Promising Small-Cap Insurance Innovator

Shares of Metromile have collapsed by nearly half since the company's SPAC debut earlier this year. Metromile is a well-recognized car insurance vendor that has made a name for itself by offering per-mile-driven insurance plans. Car insurance is a heavily fragmented industry that is ripe for new, tech-emboldened entrants. The company's loss ratio has been improving over time with scale, which distinguishes it from other new insurance players like Lemonade.

Shareholder Returns

MILEUS InsuranceUS Market
7D1.0%3.9%-2.4%
1Y-85.8%-5.5%21.5%

Return vs Industry: MILE underperformed the US Insurance industry which returned -0.1% over the past year.

Return vs Market: MILE underperformed the US Market which returned -12.9% over the past year.

Price Volatility

Is MILE's price volatile compared to industry and market?
MILE volatility
MILE Average Weekly Movement13.2%
Insurance Industry Average Movement4.3%
Market Average Movement7.3%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.1%

Stable Share Price: MILE's share price has been volatile over the past 3 months.

Volatility Over Time: MILE's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2011384Dan Prestonwww.metromile.com

Metromile, Inc. provides insurance policies for automobile owners in the United States. It operates through two segments, Insurance Services and Enterprise Business Solutions. The company offers pay-per-mile auto insurance policies.

Metromile, Inc. Fundamentals Summary

How do Metromile's earnings and revenue compare to its market cap?
MILE fundamental statistics
Market capUS$136.94m
Earnings (TTM)-US$147.15m
Revenue (TTM)US$108.32m
1.3x
P/S Ratio
-0.9x
P/E Ratio

Is MILE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MILE income statement (TTM)
RevenueUS$108.32m
Cost of RevenueUS$119.41m
Gross Profit-US$11.09m
Other ExpensesUS$136.06m
Earnings-US$147.15m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.13
Gross Margin-10.24%
Net Profit Margin-135.85%
Debt/Equity Ratio0%

How did MILE perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2022/07/28 13:04
End of Day Share Price 2022/07/27 00:00
Earnings2022/03/31
Annual Earnings2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Metromile, Inc. is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joshua SieglerCantor Fitzgerald & Co.
Arvind RamnaniPiper Sandler Companies