PLMR Stock Analysis: Palomar Holdings | NASDAQ
Insurance - Property & Casualty | NASDAQ, USA | Market Cap: 4.097m USD | 12M Return: 24.8% | US69753M1053 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 40.1M
EPS Trend: 99.6%
Qual. Beats: 13
Rev. Trend: 99.9%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 7.6 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Palomar Holdings, Inc. (PLMR) is a U.S. specialty insurance company offering property and casualty coverage to both individuals and businesses. Its product portfolio centers on niche perils often avoided by standard insurers, including residential and commercial earthquake, inland marine, Hawaii hurricane, excess national property, residential flood, assumed reinsurance, and crop insurance. The company also engages in fronting arrangements, a structure in which Palomar issues policies on paper while ceding the underlying risk to partner carriers, a model common among managing general agents (MGAs) operating in the specialty market.
Distribution is conducted through retail agents, program administrators, wholesale brokers, and strategic partnerships, allowing Palomar to reach specialized customer segments without building a large direct sales force. The company was incorporated in 2013 under the name GC Palomar Holdings before rebranding, is headquartered in La Jolla, California, and completed its NASDAQ IPO in April 2019. It is classified within the Financials sector under the Property & Casualty Insurance sub-industry.
- Earthquake and catastrophe losses drive underwriting margin volatility
- Crop insurance segment growth offsets property catastrophe exposure
- Specialty premium growth accelerates across inland marine and fronting lines
| Net Income: 217.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA -2.84 > 1.0 |
| NWC/Revenue: -22.65% < 20% (prev -11.74%; Δ -10.91% < -1%) |
| CFO/TA 0.10 > 3% & CFO 415.3m > Net Income 217.0m |
| Net Debt (-1.32b) to EBITDA (302.9m): -4.37 < 3 |
| Current Ratio: 0.85 > 1.5 & < 3 |
| Outstanding Shares: last quarter (27.0m) vs 12m ago -1.95% < -2% |
| Gross Margin: 81.47% > 18% (prev 49.76%; Δ 31.71% > 0.5%) |
| Asset Turnover: 34.68% > 50% (prev 26.36%; Δ 8.32% > 0%) |
| Interest Coverage Ratio: 22.05 > 6 (EBIT TTM 294.0m / Interest Expense TTM 13.3m) |
| A: -0.07 (Total Current Assets 1.62b - Total Current Liabilities 1.90b) / Total Assets 4.17b |
| B: 0.12 (Retained Earnings 497.7m / Total Assets 4.17b) |
| C: 0.08 (EBIT TTM 294.0m / Avg Total Assets 3.56b) |
| D: 0.31 (Book Value of Equity 985.0m / Total Liabilities 3.18b) |
| Altman-Z'' = 0.83 = B |
As of November 11, 2026, the stock is trading at USD 161.08 with a total of 555,189 shares traded. Over the past week, the price has changed by +13.27%, over one month by +20.00%, over three months by +22.92% and over the past year by +24.81%.
Current recommended Stop Loss: 154.40 (which is 4.1% or 1.3 ATR below the current price).
Palomar Holdings has received a consensus analysts rating of 4.38. Therefore, it is recommended to buy PLMR.
- StrongBuy: 4
- Buy: 3
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 159.2 | -1.2% |
P/E Trailing = 19.3139
P/S = 3.7804
P/B = 3.8155
Revenue TTM = 1.23b USD
EBIT TTM = 294.0m USD
EBITDA TTM = 302.9m USD
Long Term Debt = 295.8m USD (from longTermDebt, two quarters ago)
Short Term Debt = 927k USD (from shortTermDebt, last fiscal year)
Debt = 296.7m USD (corrected: LT Debt 295.8m + ST Debt 927k)
Net Debt = -1.32b USD (calculated: Debt 296.7m - CCE 1.62b)
Enterprise Value = 2.77b USD (4.10b + Debt 296.7m - CCE 1.62b)
Interest Coverage Ratio = 22.05 (Ebit TTM 294.0m / Interest Expense TTM 13.3m)
EV/FCF = 6.75x (Enterprise Value 2.77b / FCF TTM 410.8m)
FCF Yield = 14.82% (FCF TTM 410.8m / Enterprise Value 2.77b)
FCF Margin = 33.31% (FCF TTM 410.8m / Revenue TTM 1.23b)
Net Margin = 17.60% (Net Income TTM 217.0m / Revenue TTM 1.23b)
Gross Margin = 81.47% ((Revenue TTM 1.23b - Cost of Revenue TTM 228.6m) / Revenue TTM)
Gross Margin QoQ = none% (prev 45.86%)
Tobins Q-Ratio = 0.66 (Enterprise Value 2.77b / Total Assets 4.17b)
Interest Expense / Debt = 4.49% (Interest Expense 13.3m / Debt 296.7m)
Taxrate = 22.67% (63.6m / 280.7m)
NOPAT = 227.3m (EBIT 294.0m * (1 - 22.67%))
Current Ratio = 0.85 (Total Current Assets 1.62b / Total Current Liabilities 1.90b)
Debt / Equity = 0.30 (Debt 296.7m / totalStockholderEquity, last quarter 985.0m)
Debt / EBITDA = -4.37 (Net Debt -1.32b / EBITDA 302.9m)
Debt / FCF = -3.22 (Net Debt -1.32b / FCF TTM 410.8m)
Total Stockholder Equity = 966.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.10% (Net Income 217.0m / Total Assets 4.17b)
RoE = 22.45% (Net Income TTM 217.0m / Total Stockholder Equity 966.9m)
RoCE = 23.28% (EBIT 294.0m / Capital Employed (Equity 966.9m + L.T.Debt 295.8m))
RoIC = 45.41% (EBIT 294.0m / (Assets 4.17b - Curr.Liab 1.90b - Cash 1.62b))
WACC = 3.48% (E(4.10b)/V(4.39b) * Re(3.48%) + D(296.7m)/V(4.39b) * Rd(4.49%) * (1-Tc(0.23)))
Discount Rate = 3.48% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 3.54%
Shares (quarterly) Correlation: 51.92 | Cagr: 2.36%
[DCF] Terminal Value 76.66% ; FCFF base≈395.9m ; Y1≈430.4m ; Y5≈534.3m
[DCF] Fair Price = 361.1 (EV 8.18b - Net Debt -1.32b = Equity 9.50b / Shares 26.3m; r=8.35% [WACC [floored]]; 5y FCF grow 9.99% → 2.50% )
EPS Correlation: 99.59 | EPS CAGR: 42.99% | SUE: 3.57 | # QB: 13
Revenue Correlation: 99.89 | Revenue CAGR: 55.03% | SUE: 0.49 | # QB: 0
EPS current Quarter (2027-03-31): EPS=2.70 | Chg30d=+0.32% | Revisions=+0% | Analysts=4
EPS current Year (2026-12-31): EPS=10.05 | Chg30d=-0.48% | Revisions=-38% | GrowthEPS=+27.9% | GrowthRev=+47.3%
EPS next Year (2027-12-31): EPS=11.30 | Chg30d=-0.62% | Revisions=-29% | GrowthEPS=+12.4% | GrowthRev=+24.3%
[Analyst] Revisions Ratio: -36% (up=3, down=8)