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 Dividends and Buybacks

Dividend criteria checks 0/6

Key information

n/a

Dividend yield

-0.03%

Buyback Yield

Total Shareholder Yield-0.03%
Future Dividend Yieldn/a
Dividend Growthn/a
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ration/a

Recent dividend and buyback updates

No 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.

Stability and Growth of Payments

Fetching dividends data

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

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

Dividend Yield vs Market

Metromile Dividend Yield vs Market
How does MILE dividend yield compare to the market?
SegmentDividend Yield
Company (MILE)n/a
Market Bottom 25% (US)1.4%
Market Top 25% (US)4.1%
Industry Average (Insurance)2.6%
Analyst forecast (MILE) (up to 3 years)n/a

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

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

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 MILE has not reported any payouts.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2022/07/28 16:03
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