Palomar Holdings Financials

PLMR Stock  USD 84.24  0.01  0.01%   
Based on the key indicators related to Palomar Holdings' liquidity, profitability, solvency, and operating efficiency, Palomar Holdings is doing better financially then in previous quarter. It has a moderate chance of reporting better financial numbers in April. At this time, Palomar Holdings' Common Stock Shares Outstanding is relatively stable compared to the past year. As of 03/28/2024, Long Term Debt Total is likely to grow to about 56.8 M, while Total Stockholder Equity is likely to drop slightly above 285.3 M. Key indicators impacting Palomar Holdings' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.110.2107
Way Down
Very volatile
Return On Assets0.07140.068
Sufficiently Up
Slightly volatile
Return On Equity0.180.1681
Notably Up
Slightly volatile
Debt Equity Ratio0.190.2232
Fairly Down
Slightly volatile
Operating Income189 M180 M
Sufficiently Up
Slightly volatile
Current Ratio1.191.254
Notably Down
Very volatile
The financial analysis of Palomar Holdings is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Palomar Holdings includes many different criteria found on its balance sheet. For example, investors should never minimize Palomar Holdings' ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Palomar Holdings' cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Palomar Holdings.

Net Income

83.16 Million

With this module, you can analyze Palomar financials for your investing period. You should be able to track the changes in Palomar Holdings individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Palomar Holdings Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Palomar Holdings' financial statements are interrelated, with each one affecting the others. For example, an increase in Palomar Holdings' assets may result in an increase in income on the income statement.
Evaluating Palomar Holdings' financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Palomar Holdings' profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Palomar Holdings' relative financial performance

Chance Of Distress

Less than 3

 
100  
 
Zero
Very Low
Palomar Holdings has less than 3 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Palomar Holdings stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Palomar Holdings' odds of distress score SHOULD NOT be confused with the real chance of Palomar Holdings filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Palomar is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Palomar Holdings' liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in Palomar Holdings' official financial statements usually reflect Palomar Holdings' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Palomar Holdings. For example, before you start analyzing numbers published by Palomar accountants, it's critical to develop an understanding of what Palomar Holdings' liquidity, profitability, and earnings quality are in the context of the Insurance space in which it operates.
Please note, the presentation of Palomar Holdings' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Palomar Holdings' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Palomar Holdings' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Palomar Holdings. Please utilize our Beneish M Score to check the likelihood of Palomar Holdings' management manipulating its earnings.

Palomar Holdings Company Summary

Palomar Holdings competes with Loews Corp, American Financial, Hartford Financial, and Horace Mann. Palomar Holdings, Inc., an insurance holding company, provides specialty property insurance to residential and commercial customers. Palomar Holdings, Inc. was incorporated in 2013 and is headquartered in La Jolla, California. Palomar Holdings operates under InsuranceProperty Casualty classification in the United States and is traded on NASDAQ Exchange. It employs 151 people.
Specialization
Financial Services, Insurance - Property & Casualty
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CIK Number0001761312
ISINUS69753M1053
CUSIP69753M105
RegionNorth America
LocationCalifornia; U.S.A
Business Address7979 Ivanhoe Avenue,
SectorInsurance
IndustryFinancials
BenchmarkNYSE Composite
Websiteplmr.com
Phone619 567 5290
CurrencyUSD - US Dollar
You should never invest in Palomar Holdings without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Palomar Stock, because this is throwing your money away. Analyzing the key information contained in Palomar Holdings' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Palomar Holdings Key Financial Ratios

Generally speaking, Palomar Holdings' financial ratios allow both analysts and investors to convert raw data from Palomar Holdings' financial statements into concise, actionable information that can be used to evaluate the performance of Palomar Holdings over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Palomar Holdings reports annually and quarterly.

Palomar Holdings Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets395.5M729.1M925.7M1.3B1.2B698.4M
Other Current Liab(24.9M)(43.0M)(58.7M)(200.7M)23.1M24.3M
Net Tangible Assets217.8M352.2M384.7M376.5M433.0M247.8M
Retained Earnings33.9M40.0M70.0M87.7M144.6M151.9M
Accounts Payable24.9M43.0M58.7M164.3M224.1M235.3M
Cash33.1M33.5M50.3M68.1M51.9M36.7M
Other Assets(149.4M)(290.6M)(278.5M)696.2M800.6M840.6M
Net Receivables53.5M153.6M245.3M348.3M538.8M565.7M
Capital Surpluse180.0M310.5M318.9M333.6M383.6M211.9M
Other Current Assets80.3M96.5M162.7M(348.3M)319.1M335.1M
Total Liab176.9M365.4M531.6M914.1M694.2M413.1M
Total Current Assets303.8M585.1M728.3M583.2M319.1M392.3M
Other Liab2.0M5.4M3.9M53.5M61.6M64.6M
Net Debt(33.1M)(33.5M)(48.1M)(31.7M)748K785.4K
Net Invested Capital218.6M363.7M394.2M421.2M523.9M334.3M

Palomar Holdings Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Palomar Holdings' earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Tax Provision7.5M(34K)11.3M15.4M23.1M24.2M
Net Interest Income(1.1M)0.0(40K)(873K)(3.4M)(3.2M)
Interest Income6.3M9.0M9.6M14.4M21.6M22.7M
Interest Expense1.1M0.040K873K3.8M4.0M
Total Revenue113.3M168.5M247.8M327.1M375.9M193.6M
Gross Profit113.3M168.5M247.8M327.1M375.9M193.6M
Operating Income18.1M6.2M57.1M68.4M180.0M189.0M
Ebit20.5M18.1M6.2M57.1M68.4M0.0
Ebitda18.3M7.6M60.7M74.1M4.5M4.3M
Income Before Tax18.1M6.2M57.1M67.6M103.6M108.8M
Net Income10.6M6.3M45.8M52.2M79.2M83.2M
Income Tax Expense7.5M(34K)11.3M15.4M24.4M25.7M

Palomar Holdings Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Palomar Holdings. It measures of how well Palomar is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Palomar Holdings brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Palomar had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Palomar Holdings has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory36.6M136.6M129M158.5M182.3M191.4M
Investments(80.6M)(171.7M)(54.8M)(149.9M)(139.5M)(132.6M)
Change In Cash23.4M437K16.6M17.8M(16.3M)(15.5M)
Free Cash Flow38.8M49.5M83.0M163.6M109.3M69.0M
Depreciation216K1.3M3.5M4.1M4.5M4.7M
Other Non Cash Items(3.1M)(274K)1.1M9.4M(3.0M)(2.8M)
Capital Expenditures2.9M4.1M4.9M5.9M6.8M3.6M
Net Income10.6M6.3M45.8M52.2M79.2M83.2M
End Period Cash Flow33.3M33.8M50.4M68.2M51.9M36.9M
Change To Netincome20.7M1.8M4.9M15.6M18.0M18.9M

Palomar Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Palomar Holdings's current stock value. Our valuation model uses many indicators to compare Palomar Holdings value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Palomar Holdings competition to find correlations between indicators driving Palomar Holdings's intrinsic value. More Info.
Palomar Holdings is considered to be number one stock in price to book category among related companies. It is regarded fifth in cash flow from operations category among related companies making about  26,245,168  of Cash Flow From Operations per Price To Book. . Comparative valuation analysis is a catch-all model that can be used if you cannot value Palomar Holdings by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Palomar Holdings' Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Palomar Holdings' earnings, one of the primary drivers of an investment's value.

Palomar Holdings Systematic Risk

Palomar Holdings' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Palomar Holdings volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Palomar Holdings correlated with the market. If Beta is less than 0 Palomar Holdings generally moves in the opposite direction as compared to the market. If Palomar Holdings Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Palomar Holdings is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Palomar Holdings is generally in the same direction as the market. If Beta > 1 Palomar Holdings moves generally in the same direction as, but more than the movement of the benchmark.

About Palomar Holdings Financials

What exactly are Palomar Holdings Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Palomar Holdings' income statement, its balance sheet, and the statement of cash flows. Potential Palomar Holdings investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Palomar Holdings investors may use each financial statement separately, they are all related. The changes in Palomar Holdings's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Palomar Holdings's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Palomar Holdings Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Palomar Holdings is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Palomar has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Palomar Holdings' financials are consistent with your investment objective using the following steps:
  • Review Palomar Holdings' balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Palomar Holdings' liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Palomar Holdings' financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Palomar Holdings' stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Palomar Holdings Thematic Clasifications

Palomar Holdings is part of Insurance Providers investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. All types of insurance and insurance brokerages. Companies providing all types of insurance and insurance services
Insurance ProvidersView
This theme covers All types of insurance and insurance brokerages. Companies providing all types of insurance and insurance services. Get More Thematic Ideas
Today, most investors in Palomar Holdings Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Palomar Holdings' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Palomar Holdings growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.34

At this time, Palomar Holdings' Price Earnings To Growth Ratio is relatively stable compared to the past year.

Palomar Holdings March 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Palomar Holdings help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Palomar Holdings. We use our internally-developed statistical techniques to arrive at the intrinsic value of Palomar Holdings based on widely used predictive technical indicators. In general, we focus on analyzing Palomar Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Palomar Holdings's daily price indicators and compare them against related drivers.
When determining whether Palomar Holdings is a strong investment it is important to analyze Palomar Holdings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Palomar Holdings' future performance. For an informed investment choice regarding Palomar Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palomar Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Palomar Stock, please use our How to Invest in Palomar Holdings guide.
You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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Is Palomar Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Palomar Holdings. If investors know Palomar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Palomar Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.41
Earnings Share
3.13
Revenue Per Share
15.145
Quarterly Revenue Growth
0.189
Return On Assets
0.0445
The market value of Palomar Holdings is measured differently than its book value, which is the value of Palomar that is recorded on the company's balance sheet. Investors also form their own opinion of Palomar Holdings' value that differs from its market value or its book value, called intrinsic value, which is Palomar Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Palomar Holdings' market value can be influenced by many factors that don't directly affect Palomar Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Palomar Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Palomar Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Palomar Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.