Stock PLMR PALOMAR HOLDINGS, INC.
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Financials Palomar Holdings, Inc.

Equities

PLMR

US69753M1053

Property & Casualty Insurance

Market Closed - Nasdaq
Other stock markets
 21:00:00 26/04/2024 BST 		5-day change 1st Jan Change
79.5 USD -2.03% Intraday chart for Palomar Holdings, Inc. +0.35% +43.24%
04-11 Evercore ISI Raises Price Target on Palomar Holdings to $86 From $68, Maintains In-Line Rating MT
04-08 JPMorgan Downgrades Palomar Holdings to Neutral From Overweight, Raises Price Target to $85 From $79 MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,185 2,267 1,646 1,140 1,373 1,981 - -
Enterprise Value (EV) 1 1,185 2,267 1,646 1,140 1,373 1,981 1,981 1,981
P/E ratio 103 x 370 x 36.8 x 22.4 x 17.7 x 21.3 x 17 x 14.3 x
Yield - - - - - - - -
Capitalization / Revenue 11.5 x 14.3 x 6.93 x 3.55 x 3.93 x 4.53 x 3.68 x 3.15 x
EV / Revenue 11.5 x 14.3 x 6.93 x 3.55 x 3.93 x 4.53 x 3.68 x 3.15 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - 20.9 x 16.9 x 14.8 x
FCF Yield - - - - - 4.78% 5.92% 6.74%
Price to Book 5.42 x 6.23 x 4.18 x 2.94 x 2.92 x 3.55 x 2.96 x 2.35 x
Nbr of stocks (in thousands) 23,469 25,519 25,415 25,233 24,731 24,921 - -
Reference price 2 50.49 88.84 64.77 45.16 55.50 79.50 79.50 79.50
Announcement Date 18/02/20 24/02/21 16/02/22 15/02/23 14/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 102.9 158.4 237.4 320.7 349.3 437 538.1 628.5
EBITDA - - - - - - - -
EBIT 1 19.14 9.497 46.82 77.08 - 110.3 134.9 153.7
Operating Margin 18.61% 6% 19.72% 24.03% - 25.24% 25.07% 24.46%
Earnings before Tax (EBT) 1 18.08 6.223 57.14 67.55 103.6 122.3 152.7 184.6
Net income 1 10.62 6.257 45.85 52.17 79.2 94.54 117.6 142.1
Net margin 10.32% 3.95% 19.31% 16.27% 22.68% 21.63% 21.85% 22.61%
EPS 2 0.4900 0.2400 1.760 2.020 3.130 3.728 4.676 5.560
Free Cash Flow 1 - - - - - 94.7 117.2 133.5
FCF margin - - - - - 21.67% 21.78% 21.24%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - 100.17% 99.7% 93.95%
Dividend per Share - - - - - - - -
Announcement Date 18/02/20 24/02/21 16/02/22 15/02/23 14/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 65.74 68.71 76.81 81.26 79.3 83.37 83.94 83.73 86.28 95.33 102.9 107.8 109 118 129.7
EBITDA - - - - - - - - - - - - - - -
EBIT - 16.97 - - 4.08 - - - - - - - - - -
Operating Margin - 24.7% - - 5.14% - - - - - - - - - -
Earnings before Tax (EBT) 1 0.122 21.39 19.08 18.29 5.198 24.98 22.63 23.02 24.54 33.46 26.31 30.3 30.15 36.42 34.76
Net income 1 0.246 16.63 14.54 14.59 4.286 18.76 17.31 17.56 18.43 25.89 20.55 23.49 23.23 27.88 26.8
Net margin 0.37% 24.21% 18.93% 17.95% 5.4% 22.5% 20.63% 20.98% 21.36% 27.16% 19.97% 21.8% 21.31% 23.62% 20.67%
EPS 2 0.0100 0.6400 0.5600 0.5700 0.1700 0.7300 0.6800 0.6900 0.7300 1.020 0.8203 0.9264 0.9493 1.112 1.025
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 03/11/21 16/02/22 04/05/22 03/08/22 02/11/22 15/02/23 03/05/23 02/08/23 01/11/23 14/02/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - - - - 94.7 117 134
ROE (net income / shareholders' equity) 24.1% 3% 14.1% 18.3% 21.9% 20.3% 20.7% 19.5%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 9.310 14.20 15.50 15.40 19.00 22.40 26.90 33.90
Cash Flow per Share - - - - - - - -
Capex 1 - 0.13 - - - 1.2 2.2 2.4
Capex / Sales - 0.08% - - - 0.27% 0.41% 0.38%
Announcement Date 18/02/20 24/02/21 16/02/22 15/02/23 14/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Palomar Holdings, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
79.5 USD
Average target price
88.67 USD
Spread / Average Target
+11.53%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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