Palomar Holdings, Inc., an insurance holding company, provides specialty property insurance to residential and commercial customers.
Palomar Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$86.24|
|52 Week High||US$61.01|
|52 Week Low||US$115.40|
|1 Month Change||9.65%|
|3 Month Change||13.35%|
|1 Year Change||-16.48%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||354.13%|
Recent News & Updates
|PLMR||US Insurance||US Market|
Return vs Industry: PLMR underperformed the US Insurance industry which returned 36.8% over the past year.
Return vs Market: PLMR underperformed the US Market which returned 33.7% over the past year.
Stable Share Price: PLMR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: PLMR's weekly volatility (6%) has been stable over the past year.
About the Company
Palomar Holdings, Inc., an insurance holding company, provides specialty property insurance to residential and commercial customers. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance, commercial flood, real estate error and omission, and real estate investor products. It markets and distributes its products through retail agents, wholesale brokers, program administrators, and carrier partnerships.
Palomar Holdings Fundamentals Summary
|PLMR fundamental statistics|
Is PLMR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PLMR income statement (TTM)|
|Cost of Revenue||US$179.77m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.45|
|Net Profit Margin||5.89%|
How did PLMR perform over the long term?See historical performance and comparison
Is Palomar Holdings undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PLMR ($86.24) is trading above our estimate of fair value ($65.41)
Significantly Below Fair Value: PLMR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PLMR is poor value based on its PE Ratio (191.3x) compared to the US Insurance industry average (9.5x).
PE vs Market: PLMR is poor value based on its PE Ratio (191.3x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: PLMR is poor value based on its PEG Ratio (5x)
Price to Book Ratio
PB vs Industry: PLMR is overvalued based on its PB Ratio (5.8x) compared to the US Insurance industry average (1.1x).
How is Palomar Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PLMR's forecast earnings growth (38.4% per year) is above the savings rate (2%).
Earnings vs Market: PLMR's earnings (38.4% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PLMR's revenue (29.9% per year) is forecast to grow faster than the US market (9.7% per year).
High Growth Revenue: PLMR's revenue (29.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PLMR's Return on Equity is forecast to be low in 3 years time (16.8%).
How has Palomar Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PLMR has high quality earnings.
Growing Profit Margin: PLMR's current net profit margins (5.9%) are lower than last year (28.8%).
Past Earnings Growth Analysis
Earnings Trend: PLMR's earnings have grown significantly by 24.6% per year over the past 5 years.
Accelerating Growth: PLMR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PLMR had negative earnings growth (-72.8%) over the past year, making it difficult to compare to the Insurance industry average (76%).
Return on Equity
High ROE: PLMR's Return on Equity (3%) is considered low.
How is Palomar Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: PLMR's short term assets ($332.6M) do not cover its short term liabilities ($448.5M).
Long Term Liabilities: PLMR's short term assets ($332.6M) exceed its long term liabilities ($4.4M).
Debt to Equity History and Analysis
Debt Level: PLMR is debt free.
Reducing Debt: PLMR had no debt 5 years ago.
Debt Coverage: PLMR has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PLMR has no debt, therefore coverage of interest payments is not a concern.
What is Palomar Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PLMR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PLMR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PLMR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PLMR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PLMR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. David McDonald Armstrong, also known as Mac, is a Co-Founder of Palomar Holdings, Inc. and has been its Chief Executive Officer and Director since February 2014. He serves as Chairman of the Board of P...
CEO Compensation Analysis
Compensation vs Market: Mac's total compensation ($USD1.06M) is below average for companies of similar size in the US market ($USD3.66M).
Compensation vs Earnings: Mac's compensation has been consistent with company performance over the past year.
Experienced Management: PLMR's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: PLMR's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Palomar Holdings, Inc.'s employee growth, exchange listings and data sources
- Name: Palomar Holdings, Inc.
- Ticker: PLMR
- Exchange: NasdaqGS
- Founded: 2013
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$2.188b
- Shares outstanding: 25.38m
- Website: https://plmr.com
Number of Employees
- Palomar Holdings, Inc.
- 7979 Ivanhoe Avenue
- Suite 500
- La Jolla
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/16 22:57|
|End of Day Share Price||2021/09/16 00:00|
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.