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 Management

Management criteria checks 0/4

Key information

Dan Preston

Chief executive officer

US$43.6m

Total compensation

CEO salary percentage1.01%
CEO tenure8.5yrs
CEO ownership1.0%
Management average tenure1.5yrs
Board average tenure1.4yrs

Recent management 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.

CEO Compensation Analysis

How has Dan Preston's remuneration changed compared to Metromile's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2022n/an/a

-US$147m

Dec 31 2021US$44mUS$439k

-US$216m

Sep 30 2021n/an/a

-US$255m

Jun 30 2021n/an/a

-US$239m

Mar 31 2021n/an/a

-US$207m

Dec 31 2020US$371kUS$350k

-US$120m

Sep 30 2020n/an/a

-US$56m

Dec 31 2019US$351kUS$350k

-US$57m

Compensation vs Market: Dan's total compensation ($USD43.62M) is above average for companies of similar size in the US market ($USD767.73K).

Compensation vs Earnings: Dan's compensation has increased whilst the company is unprofitable.

CEO

Dan Preston (37 yo)

8.5yrs
Tenure
US$43,617,098
Compensation

Mr. Dan Preston joined Metromile in 2013 as Chief Technology Officer before becoming Chief Executive Officer in 2014. Under his leadership, Metromile has experienced significant policy, premium and employe...

Leadership Team

NamePositionTenureCompensationOwnership
Dan Preston
CEO, President & Director8.5yrsUS$43.62m0.97%
$ 1.3m
Regi Vengalil
Chief Financial Officer1.2yrsUS$5.44m0.00083%
$ 1.1k
Lindsay Alexovich
Chief Accounting Officer & Treasurer2.1yrsUS$2.24m0.12%
$ 160.5k
Junna Ro
General Counsel & Corporate Secretary1.4yrsno datano data
Debra Jack
Vice President of Communicationsno datano datano data
Troy Dye
Senior Vice President of Growth1.2yrsno datano data
Matt Stein
Senior Vice President of Product1.5yrsno datano data
Jim Huscroft
Senior Vice President of Claims1.5yrsno datano data
Jesse Mckendry
Senior Vice President of Insurance1.5yrsno data0.0063%
$ 8.6k
1.5yrs
Average Tenure
39yo
Average Age

Experienced Management: MILE's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Dan Preston
CEO, President & Directorno dataUS$43.62m0.97%
$ 1.3m
Colin Bryant
Independent Director4.5yrsUS$197.84k0%
$ 0
Ryan Graves
Independent Director1.4yrsUS$197.84k0.32%
$ 438.7k
John Butler
Independent Chairman of the Boardless than a yearUS$92.53k0.090%
$ 123.4k
Sandra Clarke
Independent Directorless than a yearUS$92.53kno data
Vikas Singhal
Independent Director1.4yrsUS$197.84k0%
$ 0
1.4yrs
Average Tenure
42.5yo
Average Age

Experienced Board: MILE's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2022/07/28 08:16
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

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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