Palomar Holdings Stock Working Capital
| PLMR Stock | USD 108.30 0.14 0.13% |
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.
| Last Reported | Projected for Next Year | ||
| Change In Working Capital | 23.3 M | 31.2 M |
Palomar | Working Capital |
Palomar Holdings Company Working Capital Analysis
Palomar Holdings' Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
Working Capital | = | Current Assets | - | Current Liabilities |
Palomar Working Capital Driver Correlations
Understanding the fundamental principles of building solid financial models for Palomar Holdings is extremely important. It helps to project a fair market value of Palomar Stock properly, considering its historical fundamentals such as Working Capital. Since Palomar Holdings' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Palomar Holdings' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Palomar Holdings' interrelated accounts and indicators.
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Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
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Palomar Capital Surpluse
Capital Surpluse |
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Based on the company's disclosures, Palomar Holdings has a Working Capital of 0.0. This is 100.0% lower than that of the Insurance sector and about the same as Financials (which currently averages 0.0) industry. The working capital for all United States stocks is 100.0% higher than that of the company.
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 | 2.79 % | |||
| Shares Owned By Institutions | 94.82 % | |||
| Number Of Shares Shorted | 356.82 K | |||
| Price To Earning | 253.33 X | |||
| Price To Book | 4.08 X | |||
| Price To Sales | 5.70 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 | 2.43 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 | 2.87 B | |||
| Total Asset | 1.71 B | |||
| Retained Earnings | 144.64 M | |||
| Net Asset | 1.71 B |
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.
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.