(PLMR) Palomar Holdings - NASDAQ
Sector: Financial Services | Industry: Insurance - Property & Casualty | Exchange: NASDAQ (USA) | Market Cap: 3.152m USD | Total Return: -22.1% in 12m
Avg Turnover: 28.0M
EPS Trend: 99.1%
Qual. Beats: -1
Rev. Trend: 99.2%
Qual. Beats: 0
Warnings
Choppy
Tailwinds
Confidence
Palomar Holdings, Inc. is a specialty property and casualty insurer headquartered in La Jolla, California. Founded in 2013, the firm focuses on niche markets including residential and commercial earthquake coverage, inland marine, residential flood, and crop insurance. The company utilizes a multi-channel distribution strategy involving retail agents, wholesale brokers, and strategic partnerships.
The specialty insurance sector often focuses on excess and surplus lines, covering unique or high-capacity risks that standard carriers typically avoid. Palomar utilizes a capital-light business model by ceding a significant portion of its risk to third-party reinsurers, which allows the company to generate fee income while limiting direct exposure to catastrophic events.
Investors seeking detailed fundamental analysis may find further insights on ValueRay.
- Expansion of fronting and crop insurance lines diversifies revenue beyond earthquake risk
- Reinsurance pricing fluctuations impact underwriting margins and net income volatility
- Increased earthquake frequency or severity in California drives higher catastrophe loss ratios
- Strategic partnerships and wholesale broker expansion accelerate gross written premium growth
- Rising interest rates enhance investment income yields on the companys fixed-income portfolio
| Net Income: 197.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA -2.70 > 1.0 |
| NWC/Revenue: -11.92% < 20% (prev 2.44%; Δ -14.35% < -1%) |
| CFO/TA 0.10 > 3% & CFO 369.0m > Net Income 197.1m |
| Net Debt (-457.0m) to EBITDA (262.0m): -1.74 < 3 |
| Current Ratio: 0.95 > 1.5 & < 3 |
| Outstanding Shares: last quarter (27.3m) vs 12m ago -0.22% < -2% |
| Gross Margin: 60.65% > 18% (prev 49.02%; Δ 11.63% > 0.5%) |
| Asset Turnover: 32.39% > 50% (prev 25.14%; Δ 7.25% > 0%) |
| Interest Coverage Ratio: 73.06 > 6 (EBIT TTM 253.1m / Interest Expense TTM 3.46m) |
| A: -0.03 (Total Current Assets 2.24b - Total Current Liabilities 2.36b) / Total Assets 3.61b |
| B: 0.12 (Retained Earnings 441.9m / Total Assets 3.61b) |
| C: 0.08 (EBIT TTM 253.1m / Avg Total Assets 3.02b) |
| D: 0.36 (Book Value of Equity 959.0m / Total Liabilities 2.65b) |
| Altman-Z'' = 1.13 = BB |
| DSRI: 0.92 (Receivables 1.08b/734.4m, Revenue 978.0m/609.9m) |
| GMI: 0.81 (GM 49.02% / 60.65%) |
| AQI: 1.19 (AQ_t 0.38 / AQ_t-1 0.32) |
| SGI: 1.60 (Revenue 978.0m / 609.9m) |
| TATA: -0.05 (NI 197.1m - CFO 369.0m) / TA 3.61b) |
| Beneish M = -2.73 (Cap -4..+1) = A |
As of June 26, 2026, the stock is trading at USD 117.84 with a total of 205,619 shares traded. Over the past week, the price has changed by +2.99%, over one month by +2.91%, over three months by -3.28% and over the past year by -22.09%.
Current recommended Stop Loss: 112.40 (which is 4.6% or 1.3 ATR below the current price).
Palomar Holdings has received a consensus analysts rating of 4.13. Therefore, it is recommended to buy PLMR.
- StrongBuy: 3
- Buy: 3
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 154.2 | 30.8% |
P/E Trailing = 16.5844
P/S = 3.215
P/B = 3.284
Revenue TTM = 978.0m USD
EBIT TTM = 253.1m USD
EBITDA TTM = 262.0m USD
Long Term Debt = 297.4m USD (from longTermDebt, last quarter)
Short Term Debt = 927k USD (from shortTermDebt, last fiscal year)
Debt = 297.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -457.0m USD (calculated: Debt 297.4m - CCE 754.4m)
Enterprise Value = 2.69b USD (3.15b + Debt 297.4m - CCE 754.4m)
Interest Coverage Ratio = 73.06 (Ebit TTM 253.1m / Interest Expense TTM 3.46m)
EV/FCF = 7.42x (Enterprise Value 2.69b / FCF TTM 363.4m)
FCF Yield = 13.49% (FCF TTM 363.4m / Enterprise Value 2.69b)
FCF Margin = 37.15% (FCF TTM 363.4m / Revenue TTM 978.0m)
Net Margin = 20.15% (Net Income TTM 197.1m / Revenue TTM 978.0m)
Gross Margin = 60.65% ((Revenue TTM 978.0m - Cost of Revenue TTM 384.9m) / Revenue TTM)
Gross Margin QoQ = 68.78% (prev 72.03%)
Tobins Q-Ratio = 0.75 (Enterprise Value 2.69b / Total Assets 3.61b)
Interest Expense / Debt = 1.16% (Interest Expense 3.46m / Debt 297.4m)
Taxrate = 22.14% (56.0m / 253.1m)
NOPAT = 197.1m (EBIT 253.1m * (1 - 22.14%))
Current Ratio = 0.95 (Total Current Assets 2.24b / Total Current Liabilities 2.36b)
Debt / Equity = 0.31 (Debt 297.4m / totalStockholderEquity, last quarter 959.0m)
Debt / EBITDA = -1.74 (Net Debt -457.0m / EBITDA 262.0m)
Debt / FCF = -1.26 (Net Debt -457.0m / FCF TTM 363.4m)
Total Stockholder Equity = 906.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.53% (Net Income 197.1m / Total Assets 3.61b)
RoE = 21.74% (Net Income TTM 197.1m / Total Stockholder Equity 906.8m)
RoCE = 21.02% (EBIT 253.1m / Capital Employed (Equity 906.8m + L.T.Debt 297.4m))
RoIC = 16.31% (NOPAT 197.1m / Invested Capital 1.21b)
WACC = 4.51% (E(3.15b)/V(3.45b) * Re(4.85%) + D(297.4m)/V(3.45b) * Rd(1.16%) * (1-Tc(0.22)))
Discount Rate = 4.85% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 68.89 | Cagr: 3.56%
[DCF] Terminal Value 77.97% ; FCFF base≈341.8m ; Y1≈391.8m ; Y5≈576.7m
[DCF] Fair Price = 344.7 (EV 8.68b - Net Debt -457.0m = Equity 9.14b / Shares 26.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 99.10 | EPS CAGR: 44.06% | SUE: -3.64 | # QB: -1
Revenue Correlation: 99.20 | Revenue CAGR: 47.99% | SUE: 0.23 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.25 | Chg30d=+0.61% | Revisions=+20% | Analysts=7
EPS next Quarter (2026-09-30): EPS=2.53 | Chg30d=+1.78% | Revisions=+0% | Analysts=7
EPS current Year (2026-12-31): EPS=9.88 | Chg30d=+1.27% | Revisions=+64% | GrowthEPS=+25.6% | GrowthRev=+45.5%
EPS next Year (2027-12-31): EPS=11.18 | Chg30d=+0.64% | Revisions=+50% | GrowthEPS=+13.2% | GrowthRev=+24.5%
[Analyst] Revisions Ratio: +64%