Palomar Holdings Stock Fundamentals
| PLMR Stock | USD 109.03 0.71 0.66% |
Palomar Holdings fundamentals help investors to digest information that contributes to Palomar Holdings' financial success or failures. It also enables traders to predict the movement of Palomar Stock. The fundamental analysis module provides a way to measure Palomar Holdings' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Palomar Holdings stock.
At this time, Palomar Holdings' EBITDA is relatively stable compared to the past year. As of 11/26/2024, Total Operating Expenses is likely to grow to about 281.9 M, while Total Revenue is likely to drop slightly above 193.6 M. Palomar | Select Account or Indicator |
Palomar Holdings Company Return On Equity Analysis
Palomar Holdings' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Palomar Holdings Return On Equity | 0.19 |
Most of Palomar Holdings' fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Palomar Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Palomar Return On Equity Historical Pattern
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 drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's return on equity growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Palomar Holdings return on equity as a starting point in their analysis.
Palomar Holdings Return On Equity |
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For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Palomar Total Stockholder Equity
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Based on the latest financial disclosure, Palomar Holdings has a Return On Equity of 0.193. This is 86.69% lower than that of the Insurance sector and significantly higher than that of the Financials industry. The return on equity for all United States stocks is 162.26% lower than that of the firm.
Palomar Holdings Fundamental Drivers 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 regarded second in return on equity category among its peers. It also is regarded second in return on asset category among its peers reporting about 0.24 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Palomar Holdings is roughly 4.25 . At this time, Palomar Holdings' Return On Equity is relatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Palomar Holdings by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Palomar Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Palomar Holdings' direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Palomar Holdings could also be used in its relative valuation, which is a method of valuing Palomar Holdings by comparing valuation metrics of similar companies.Palomar Holdings is currently under evaluation in return on equity category among its peers.
Palomar Holdings Current Valuation Drivers
We derive many important indicators used in calculating different scores of Palomar Holdings from analyzing Palomar Holdings' financial statements. These drivers represent accounts that assess Palomar Holdings' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Palomar Holdings' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 1.1B | 2.2B | 1.6B | 1.1B | 1.0B | 818.7M | |
| Enterprise Value | 1.1B | 2.2B | 1.6B | 1.1B | 997.5M | 804.6M |
Palomar Holdings ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Palomar Holdings' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Palomar Holdings' managers, analysts, and investors.Environmental | Governance | Social |
Palomar Fundamentals
| Return On Equity | 0.19 | ||||
| Return On Asset | 0.0454 | ||||
| Profit Margin | 0.22 % | ||||
| Operating Margin | 0.26 % | ||||
| Current Valuation | 2.78 B | ||||
| Shares Outstanding | 26.47 M | ||||
| Shares Owned By Insiders | 2.78 % | ||||
| Shares Owned By Institutions | 94.81 % | ||||
| Number Of Shares Shorted | 333.33 K | ||||
| Price To Earning | 253.33 X | ||||
| Price To Book | 4.08 X | ||||
| Price To Sales | 5.73 X | ||||
| Revenue | 375.93 M | ||||
| Gross Profit | 80.05 M | ||||
| EBITDA | 111.92 M | ||||
| Net Income | 79.2 M | ||||
| Cash And Equivalents | 36.47 M | ||||
| Cash Per Share | 1.45 X | ||||
| Total Debt | 52.6 M | ||||
| Debt To Equity | 0.06 % | ||||
| Current Ratio | 0.51 X | ||||
| Book Value Per Share | 26.59 X | ||||
| Cash Flow From Operations | 116.11 M | ||||
| Short Ratio | 2.54 X | ||||
| Earnings Per Share | 4.22 X | ||||
| Price To Earnings To Growth | 0.25 X | ||||
| Target Price | 109.67 | ||||
| Number Of Employees | 213 | ||||
| Beta | 0.33 | ||||
| Market Capitalization | 2.89 B | ||||
| Total Asset | 655.17 M | ||||
| Retained Earnings | 144.64 M | ||||
| Net Asset | 655.17 M |
About Palomar Holdings Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Palomar Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Palomar Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Palomar Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | -40.8 M | -38.8 M | |
| Total Revenue | 375.9 M | 193.6 M | |
| Cost Of Revenue | 102.3 M | 61.3 M | |
| Stock Based Compensation To Revenue | 0.04 | 0.07 | |
| Capex To Revenue | 0.02 | 0.01 | |
| Revenue Per Share | 15.14 | 15.90 | |
| Ebit Per Revenue | 0.29 | 0.15 |
Pair Trading with Palomar Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Palomar Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Palomar Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Palomar Stock
The ability to find closely correlated positions to Palomar Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Palomar Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Palomar Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Palomar Holdings to buy it.
The correlation of Palomar Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Palomar Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Palomar Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Palomar Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Palomar Stock Analysis
When running Palomar Holdings' price analysis, check to measure Palomar Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Palomar Holdings is operating at the current time. Most of Palomar Holdings' value examination focuses on studying past and present price action to predict the probability of Palomar Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Palomar Holdings' price. Additionally, you may evaluate how the addition of Palomar Holdings to your portfolios can decrease your overall portfolio volatility.