(SLDE) Slide Insurance Holdings - Overview
Sector: Financial Services | Industry: Insurance - Property & Casualty | Exchange: NASDAQ (USA) | Market Cap: 2.132m USD | Total Return: -8% in 12m
Avg Turnover: 26.3M
Qual. Beats: 0
Rev. Trend: 98.4%
Warnings
Choppy Below Avwap Earnings
Tailwinds
Confidence
Slide Insurance Holdings, Inc. is a Tampa-based property and casualty insurer specializing in coastal residential lines. Founded in 2021, the company focuses on homeowners, condominium, and commercial residential insurance products, complemented by internal reinsurance and agency operations. The firm utilizes a full-stack insurance model, allowing it to manage the entire lifecycle of a policy from underwriting to claims processing.
Operating primarily in high-risk coastal regions, the company’s business model relies heavily on sophisticated catastrophe modeling and reinsurance structures to mitigate geographic concentration risk. The property and casualty sector is currently experiencing a hardening market, characterized by rising premiums and stricter underwriting standards in areas prone to extreme weather events. Investors should consult ValueRay for further analysis of the companys valuation metrics and market position. Slide Insurance Holdings remains a specialized player in the Florida insurance market, navigating a complex regulatory and environmental landscape.
- Expansion of Florida coastal homeowner policies drives core premium revenue growth
- Severity of Atlantic hurricane seasons impacts catastrophe loss ratios and margins
- Reinsurance capacity pricing fluctuations dictate net underwriting profitability for coastal risks
- Regulatory shifts in Florida property insurance market influence claim litigation expenses
- Strategic acquisition of policy renewals from insolvent carriers accelerates market share expansion
| Net Income: 491.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -11.18 > 1.0 |
| NWC/Revenue: 28.97% < 20% (prev 6.79%; Δ 22.18% < -1%) |
| CFO/TA 0.34 > 3% & CFO 990.1m > Net Income 491.0m |
| Net Debt (-1.10b) to EBITDA (661.8m): -1.67 < 3 |
| Current Ratio: 1.21 > 1.5 & < 3 |
| Outstanding Shares: last quarter (136.6m) vs 12m ago 9.33% < -2% |
| Gross Margin: 81.47% > 18% (prev 0.52%; Δ 8.09k% > 0.5%) |
| Asset Turnover: 52.60% > 50% (prev 48.34%; Δ 4.26% > 0%) |
| Interest Coverage Ratio: 183.5 > 6 (EBITDA TTM 661.8m / Interest Expense TTM 3.55m) |
| A: 0.13 (Total Current Assets 2.08b - Total Current Liabilities 1.71b) / Total Assets 2.88b |
| B: 0.31 (Retained Earnings 892.7m / Total Assets 2.88b) |
| C: 0.27 (EBIT TTM 651.0m / Avg Total Assets 2.40b) |
| D: 0.51 (Book Value of Equity 895.3m / Total Liabilities 1.77b) |
| Altman-Z'' = 4.20 = AA |
| DSRI: 0.45 (Receivables 233.5m/385.0m, Revenue 1.26b/929.3m) |
| GMI: 0.64 (GM 81.47% / 52.49%) |
| AQI: 1.05 (AQ_t 0.27 / AQ_t-1 0.26) |
| SGI: 1.36 (Revenue 1.26b / 929.3m) |
| TATA: -0.17 (NI 491.0m - CFO 990.1m) / TA 2.88b) |
| Beneish M = -3.69 (Cap -4..+1) = AAA |
As of May 26, 2026, the stock is trading at USD 18.63 with a total of 712,800 shares traded.
Over the past week, the price has changed by -0.90%,
over one month by -1.58%,
over three months by -4.41% and
over the past year by -8.00%.
Slide Insurance Holdings has no consensus analysts rating.
| Analysts Target Price | 25.2 | 35.3% |
P/E Trailing = 5.1126
P/S = 1.6872
P/B = 1.9144
Revenue TTM = 1.26b USD
EBIT TTM = 651.0m USD
EBITDA TTM = 661.8m USD
Long Term Debt = 32.4m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 51.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 9.29m
Net Debt = -1.10b USD (calculated: Debt 51.0m - CCE 1.16b)
Enterprise Value = 1.03b USD (2.13b + Debt 51.0m - CCE 1.16b)
Interest Coverage Ratio = 183.5 (Ebit TTM 651.0m / Interest Expense TTM 3.55m)
EV/FCF = 21.19x (Enterprise Value 1.03b / FCF TTM 48.5m)
FCF Yield = 4.72% (FCF TTM 48.5m / Enterprise Value 1.03b)
FCF Margin = 3.84% (FCF TTM 48.5m / Revenue TTM 1.26b)
Net Margin = 38.86% (Net Income TTM 491.0m / Revenue TTM 1.26b)
Gross Margin = 81.47% ((Revenue TTM 1.26b - Cost of Revenue TTM 234.2m) / Revenue TTM)
Gross Margin QoQ = 71.47% (prev none%)
Tobins Q-Ratio = 0.36 (Enterprise Value 1.03b / Total Assets 2.88b)
Interest Expense / Debt = 6.96% (Interest Expense 3.55m / Debt 51.0m)
Taxrate = 24.85% (46.1m / 185.7m)
NOPAT = 489.2m (EBIT 651.0m * (1 - 24.85%))
Current Ratio = 1.14 (Total Current Assets 2.08b / Total Current Liabilities 1.82b)
Debt / Equity = 0.05 (Debt 51.0m / totalStockholderEquity, last quarter 1.11b)
Debt / EBITDA = -1.67 (Net Debt -1.10b / EBITDA 661.8m)
Debt / FCF = -22.77 (Net Debt -1.10b / FCF TTM 48.5m)
Total Stockholder Equity = 1.01b (last 4 quarters mean from totalStockholderEquity)
RoA = 20.44% (Net Income 491.0m / Total Assets 2.88b)
RoE = 48.38% (Net Income TTM 491.0m / Total Stockholder Equity 1.01b)
RoCE = 62.17% (EBIT 651.0m / Capital Employed (Equity 1.01b + L.T.Debt 32.4m))
RoIC = 41.76% (NOPAT 489.2m / Invested Capital 1.17b)
WACC = 8.02% (E(2.13b)/V(2.18b) * Re(8.09%) + D(51.0m)/V(2.18b) * Rd(6.96%) * (1-Tc(0.25)))
Discount Rate = 8.09% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 47.88 | Cagr: 4.04%
[DCF] Terminal Value 73.10% ; FCFF base≈128.0m ; Y1≈112.3m ; Y5≈90.7m
[DCF] Fair Price = 22.35 (EV 1.46b - Net Debt -1.10b = Equity 2.56b / Shares 114.6m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.59 | # QB: 0
Revenue Correlation: 98.43 | Revenue CAGR: 57.07% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.78 | Chg30d=+2.82% | Revisions=+25% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.60 | Chg30d=+3.51% | Revisions=+25% | Analysts=5
EPS current Year (2026-12-31): EPS=3.54 | Chg30d=+8.44% | Revisions=+50% | GrowthEPS=+5.4% | GrowthRev=+30.5%
EPS next Year (2027-12-31): EPS=3.51 | Chg30d=+4.31% | Revisions=+50% | GrowthEPS=-0.8% | GrowthRev=-0.8%
[Analyst] Revisions Ratio: +50%